2. BUSINESS PLAN
Daruka Consultants
250 Mamaroneck Ave.
White Plains, N.Y. 10605
CONTACT PHONE #: 9148306046
3. Executive Summary
Vision Statement
The Vision of Daruka Consulting is the possibility, the reality, the necessity, of retooling
and refreshing human goal setting!
Mission Statement
To enable and advise societies' organizations in adopting and applying social reforms
designed to reestablish successful approaches for a sane and prosperous administration.
The Company
The Peace and Happiness of our planetary environment and her inhabitants’ well-being are co-
dependent in the most common sense ways. Our consulting group realizes that in a short length
of time with the use of the electronic global technologies our vision will be shared
wholeheartedly by all people seeking lasting human values and a legacy of knowledge, bliss and
freedom at all stages of participation.
Company History
We are building on the leadership of past teachers and guides who have left a most
important legacy for us to take up. It sounds beyond our normal understanding of
success; yet, sincerity and realization have proven the bone fides or our approach.
4. Company Goals and Objectives
This consulting group has as its objectives:
1)Bringing our knowledge and skills to the public.
2) Educating,enlightening and elucidating all organizations in process of eternal
success.
3)Showing by example, the methods of progressive, positive unity.
4) Economic stability through sane sensual and mental usage- leading to freedom in
society.
COMPANY OWNERSHIP STRUCTURE
As a Non-Profit we have a board of directors who regulate and insure compliance and
integrity at every level. Supervision of all partners is a cooperative endeavor with all
stakeholders participating.
Organized as a501c3 non-profit. Ideally as a NGO (Non-governmental organization).
Company managed by groups of credentialed experts in all fields of importance to society.
Daruka Consultants has on its boards PHD's in fields of Education and Philosophy as
well as Medical Doctors and Engineers. Military scientists, Construction and
Architectural experts, management directors, farming and labor experts all are
contributing to our panels and consulting groups. Financial expertise and economic
guidance are provided by bankers and donators on an international scale.
The plan is to be located in national offices legally and officially accredited by our
international partner nations and communities within the next two years.
We are dependent on the contributions of our patrons and friends. Assets at this time
are minimal.
The Peace and Happiness of our planetary environment and her inhabitants’ well-being
are co-dependent in the most common sense ways. Our consulting group realizes that
in a short length of time with the use of the electronic global technologies our vision
will be shared wholeheartedly by all people seeking lasting human values and a legacy
of knowledge, bliss and freedom at all stages of participation.
Our primary product is knowledge. Knowledge which is synthesized through the
combined efforts of learned men and women and their students, from all sources of
data freely available to humankind.
5. Legal
ADVANTAGESOFNONPROFITSTATUS
Having Section 501(c)(3) status with the IRS provides benefits such as:
Recognition of tax-exempt status;
Advance assurance to donors that
their donations are tax-deductible;
Exemption from some state taxes;
Exemption from some federal taxes;
Nonprofit mailing status;
Qualifying for foundation grants.
THEFORMSYOUNEED
There are several forms that you need to get from the IRS, complete, and submit. The forms you
need are: Form 1023, Form SS-4, Form 8718, and Publication 557. These can be ordered from
the IRS, by calling 800-829-3676 or 800-829-1040 or by requesting or downloading the forms
from the IRS website. (http://www.irs.gov/)
FORM 1023: THEBIGGIE
The main form you need to fill out is Form 1023 (“Application for Recognition of Exemption”).
It’s a long form. You’ll need somebody with some tax law expertise (a lawyer or CPA) to look
over your work. You can make a first cut at it, though. It’s doable.
Part I
Part I asks for general information about your organization — address, contact information,
introductory tax information. This section is pretty straightforward.
Part II
Part II asks about your organization’s activities. You will probably need to provide more
information than the space allows, so you’ll want to include an attachment providing a detailed
overview of what your organization does. Part II also asks about your fundraising plan, and it
asks some information about how your organization will be structured (e.g., will it have
members or influence political processes?) This section is key, because the IRS will use it to
determine whether or not you fit the 501(c)(3) criteria.
Part III
6. Part III asks you for technical, tax-related information about your organization. This section can
be confusing — it’s probably the place where you’ll most need outside expertise to answer the
questions. A key here is how the organization will be supported financially. That’s important to
the IRS.
Part IV
Part IV asks you to provide an organizational budget for the current tax year and a proposed
budget for the next two years. If you have a budget worked out already, you can attach it to show
the IRS your financial plans in more detail.
The attachments.
Along with the form itself, you will need to submit attachments. These will be documents that
you probably have already created as you planned your organization and its work.
1. Organizing documents. Basically, this means your Articles of Incorporation (which you
should have filed with the NC Secretary of State) and your bylaws (which you should
have written and had approved at your first board meeting). These need to be “conformed
copies”— exact copies of the original, signed documents.
2. Description of activities. Also include a detailed description of your activities — what
your organization will do, and how it will do it. This will be important for the IRS in
determining whether or not you meet 501(c)(3) criteria.
3. Financial data. The form asks for budget information for the current tax year and the
next two years (or the past three years, if applicable). You will need to include more
detailed budget information. Include a detailed budget, if you have one.
4. Other information. You may get a letter or phone call back from the IRS asking for
more information. This is normal. They may ask for: more information about your
activities, copies of advertising or publications such as newsletters or brochures, or copies
of leases, contracts, or agreements into which your organization has entered.
THEOTHERFORMS
Form SS-4 is the first form you need to fill out — it gives you an Employer Identification
Number (EIN), an important number used in all IRS transactions. It’s an easy form, and you can
fax the form and get the number immediately.
Form 8718 is just a brief form that you use to submit your fee for applying.
Publication 557 provides a lot of information about the IRS and nonprofit tax laws. It’s a pretty
thick book, but it’s an essential guide to use in writing the narrative sections of Form 1023.
There are several key parts to the IRS application for nonprofit status (Form
1023):
7. You’ll have to complete THEFORMITSELF. This includes some general information
(addresses), information about your group’s activities, some technical questions, and a budget.
You’ll need to send attachments, including your ARTICLESOFINCORPORATION and your
BYLAWS. These need to be complete copies of the original (signed) documents.
Another attachment will likely include a detailed account of your organization’s ACTIVITIES.
There is space for this on the form, but you will likely need to include more information.
Copies of organizational PUBLICATIONS — newsletters, brochures, bulletins, pamphlets, and
advertising — may be helpful to include as well (as long as they support the case that you should
be classified as a nonprofit organization).
You’ll also need to include a list of your BOARDOFDIRECTORS, and an explanation of how
the board represents the community as a whole
Is your organization eligible?
For the IRS, a 501(c)(3) organization is one that operates for one of the following purposes:
religious, educational, charitable, scientific, literary, testing for public safety, fostering amateur
sports competition, or preventing cruelty to animals or children.
Also, a nonprofit does not exist solely for the benefit of its members, or solely to distribute
profits to their members.
Finally, a nonprofit cannot exist primarily to influence legislation. If you are unsure, talk with a
tax law expert about whether or not your group meets these criteria
8. Legal Page
Confidentiality Agreement
The undersigned reader acknowledges that the information provided by _______________
in this business plan is confidential; therefore, reader agrees not to disclose it without the
express written permission of _______________.
It is acknowledged by reader that information to be furnished in this business plan is in all
respects confidential in nature, other than information which is in the public domain through
other means and that any disclosure or use of same by reader, may cause serious harm or
damage to _______________.
Upon request, this document is to be immediately returned to _______________.
___________________
Signature
___________________
Name (typed or printed)
___________________
Date
This is a business plan. It does not imply an offering of securities.
Services
Daruka Consultants provide the energy and vision for our planets need of the
cooperative spirit. Our partners and associates have the proven expertise in their fields
of service to humanity and are extending this through our systematic approaches of
purpose.
9. Target Market Segmentation
These non-profits form our target groups. As a consultant group we are confident in
our abilities to encourage these companies to reach and exceed their goals.
501c(4)- Exempts social welfare organizations/civic leagues
501c(5)- Exempts labor unions, agricultural groups
501c (6) -Exempts business leagues, chambers of commerce, boards of trade,
professional football leagues.
501c(7)- Exempts social and recreational clubs
501c(8)- Exempts fraternal lodges
501c(9)- Voluntary Employees’ Beneficiary Associations
501c(10)- Domestic Fraternal Societies and Associations
501c(11)- Teachers’ Retirement Fund Associations
501c(12)- Benevolent Life Insurance Associations
501c(13)- Cemetery Companies
501c(14)- State Chartered Credit Unions, Mutual Reserve Funds
501c(15)- Mutual Insurance Companies or Associations
501c(16)- Cooperative Organizations to Finance Crop Operations
501c(17)- Supplemental Unemployment Benefit Trusts
501c(18)- Employee Funded Pension Trust (created before June 25, 1959)
501c(19)- Organization of Past or Present Members of the Armed Forces
501c(20)- Group Legal Services Plan Organizations
Strategy and Implementation
Today’s social networking technologies afford less expensive mediums of contact with
our clients and potential clients. One to one contact will not be neglected and our field
representatives will meet regularly with all active participants.
Competitive Edge
Through the data bases at our disposal, Daruka Consultants can supply greater asset
availability to our clients.
Marketing Strategy
In our persistent efforts to be a positive factor amongst the non-profit and NGO
associations, our consultants and advisors maintain the enthusiasm and vision needed
to be the foremost market experts available.
10. Fundraising Strategy
Funding Forecast
6
5
4
3 Series 1
Series 2
2
Series 3
1 Series 3
0 Series 2
Donations Series 1
Donations
Donations
Donations
We foresee funding from four (4) sources of favorable parties, in three (3) series of
donation schedules. Increasing and maintaining in the first quarters.
11. Personal Plan
Board of Directors
CEO
Administrative Assistants
Marketing Group
Legal Group
Financial Plan
DARUKA CONSULTANTS
Required Start-Up Funds for a New Business or
Opening Balance Sheet for an Existing Business
Required Start-Up Funds Amount Totals Depreciation Notes
Fixed Assets
Real Estate-Land $ 400
Buildings - 20.00 years
Leasehold Improvements - 7.00 years
Equipment 500 7.00 years
Furniture and Fixtures 1,000 5.00 years
Vehicles - 5.00 years
Other Fixed Assets - 5.00 years
Total Fixed Assets 1,900
Operating Capital
Pre-Opening Salaries and Wages 20,000
Prepaid Insurance Premiums -
Inventory -
Legal and Accounting Fees -
Rent Deposits -
Utility Deposits -
Supplies -
Advertising and Promotions -
Licenses -
Other Initial Start-Up Costs -
Working Capital (Cash On Hand) - For existing businesses = Cash+Ppd Exp+A/R-A/P-Accrd Exp See Note below#
Total Operating Capital 20,000
Total Required Funds $ 21,900
Sources of Funding Amount Totals Loan Rate Term in Months Monthly Payments
Owner's Equity 0.00% -
Outside Investors 0.00% -
Additional Loans or Debt
Commercial Loan 98.54% 21,580 7.00% 84.00 $325.70
Commercial Mortgage 1.46% 320 8.00% 240.00 $2.68
Credit Card Debt 0.00% - 7.00% 60.00 $0.00
Vehicle Loans 0.00% - 6.00% 48.00 $0.00
Other Bank Debt 0.00% - 5.00% 36.00 $0.00
Total Sources of Funding 100.00% $ 21,900 $328.38
A line of credit is also required in the amount of $ 37,905
Note#: For existing businesses, this should be the "bucket" of cash plus recievables that will
be turned into cash or payables paid out in cash in the near term (i.e. in the first month of the plan)