2. Mission
The mission of incuSTEM is to analyze
the science, technology, engineering,
and mathematics (STEM) industry job
shortages in specific regions and identify
potential opportunities for community
colleges to form partnerships with
industry to quickly train and place
students in family-sustaining wage jobs
with 2-year degrees or certificates.
3. Mission
Once opportunities are identified,
incuSTEM will act as an incubator for
industry and community college
leadership and faculty, facilitating the
creation of new degree programs.
incuSTEM will also function as an
information manager, sharing research,
best practices, and lessons learned.
4. Budget
incuSTEM Budget
Revenue
Government contracts/grants $1,136,506.00
Total in $1,136,506.00
Expenses
Salaries FTE
Executive Director 1 $80,000.00 $80,000.00
Program Director 2 $80,000.00 $160,000.00
Program Coordinator 2 $80,000.00 $160,000.00
Grant Writer 1 $80,000.00 $80,000.00
Clerical 1 $80,000.00 $80,000.00
Payroll taxes $42,840.00
Cal payroll taxes $1,666.00
Employee benefits $280,000.00
Consultants 100,000.00
Advertising $20,000.00
Supplies 4,000.00
Equipment leases $28,000.00
General & administrative (such as travel) 100,000.00
Total Expenses $1,136,506.00
5. Raising funds
I will start this non-profit by initially
generating profits through grant proposals.
If I need to generate more cash I will
attempt to engage other non-profits in a
pooled bond issue which can be sold to the
public like any other investment vehicle.
When we turn a profit we will invest and
hire an investment manger to manage our
assets.
