FMA is an IRS 501(c)(3) non-profit organization.  To download a copy of the IRS notification of non-profit status, click (HERE).  As a volunteer run organization, expenses for staff and overhead are very low.  To scale and expand the curricula, FMA will add staff and consultants under the direction of Lorraine Decker, President, who is a full time volunteer.

FMA Budget

Financial Mentors of America, Inc. (Note 1) FMA
2016 - 4 mos20172018
Projected # of student licenses @ $25.50 10,000 10,000
EXPENSES
Executive Director Comp & Benefits$13,332$51,498$63,000
Tech Support - SalesForce / Website - volunteer$5,000$5,200$5,200
Tech Support - Canvas & Wordpress - UHWS (2)$2,000$8,000$8,000
Tech Support - Contract tech - $25/hr$1 $25,000 $25,000
Engage school districts and collaborators - UHWS (2- 4)$2,000$16,000$16,000
Outreach Community, Schools & Grant Writng - VISTA (4) $2,000 $33,000 $36,000
Outreach Community, Schools & Grant Writng - VISTA (4) $1$34,833$36,000
Admin & Grant writing - UHWS (2)$2,000$8,000$8,000
Sales -15% of District Sales $37,500 $37,500
Accounting - Tax, Compliance, Payroll , grant - $50/hr $100 $24,000 $24,000
Audit Fees $4,000 $4,000
Grant writer - contract at $40/hour $40,000 $40,000
Create marketing & course video material - UHWS (2)$2,000$8,000$8,000
Supervisor media team - contract - $25 / hour$10,000$13,000 $13,000
Marketing Materials - Booth, Printing $100 $4,000 $4,000
Office Space - 5 Full Time personnel$1 $24,000 $24,000
Computer, monitor, keyboard $1 $2,000 $2,000
Furniture$1 $10,000 $4,000
Printer & ink$500 $2,000 $2,500
Office materials for Houston$800 $2,400 $2,400
Support for Dallas, San Antonio, Houston and Austin $250 $10,000 $10,000
Website license, software, app, plugins $300 $2,000 $2,000
Board D&O and commercial insurance$500 $3,000 $3,000
Travel & Expense Reimbursement $2,000 $12,000 $12,000
Outreach Expenses for volunteers, transp. $500 $4,000 $4,000
Game of Real Life - Venue Deposits$1 $20,000 $20,000
Contingency Expenses $2,500 $20,000 $20,000
TOTAL EXPENSES$45,888$423,431$433,600
Cash Expenses $32,787 $339,398 $332,400
REVENUES201620172018
Starting CASH Balance $102,000 $73,213 $23,816
D&A allocation from sales$1 $125,000 $125,000
Grants$1 $150,000 $150,000
Game of Real Life - # 4 Games$1$1 $200,000
Board Donations $1,000 $5,000 $5,000
Public Donations $3,000 $10,000 $10,000
Service Funding - Value of Work Study$7,000$36,000$18,000
Service Funding - Value of 4 Vista$-$34,833$36,000
Value of Media Services$10,000
Value of IT Services$5,000
TOTAL REVENUES $128,003 $434,047 $567,816
Cash Revenues $106,000 $363,214 $513,816
NET OPERATING $82,115 $10,616 $134,216
Net Cash Balance $73,213 $23,816 $181,416
Note 1 - Items in black font represent anticipated cash expenses. Items in green font represent professional services provided and paid for by a third party.