We Gonna Learn Today Inc | Application Preview
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General Information
Business Registration Number: 99-3583459
Location: Tampa, FL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
5-Year Business Budget for WGLT Workshops Year 1 Income • Grants: $50,000 • Donations: $30,000 • Fundraising Events: $10,000 • Sponsorships: $10,000 • Membership Fees: $5,000 Total Income: $105,000 Expenses • Salaries (2 full-time staff): $60,000 • Workshop Instructors (part-time): $20,000 • Rent and Utilities: $15,000 • Office Supplies: $5,000 • Marketing and Outreach: $10,000 • Equipment (smartboards, laptops, etc.): $20,000 • Workshop Materials (books, software, etc.): $5,000 • Insurance: $3,000 • Website and IT Maintenance: $2,000 Total Expenses: $140,000 Net Income: -$35,000 (Covered by initial funding/reserves) Year 2 Income • Grants: $60,000 • Donations: $35,000 • Fundraising Events: $15,000 • Sponsorships: $12,000 • Membership Fees: $6,000 Total Income: $128,000 Expenses • Salaries (2 full-time staff): $65,000 • Workshop Instructors (part-time): $25,000 • Rent and Utilities: $16,000 • Office Supplies: $5,000 • Marketing and Outreach: $12,000 • Equipment Maintenance and Upgrades: $5,000 • Workshop Materials: $6,000 • Insurance: $3,200 • Website and IT Maintenance: $2,500 Total Expenses: $139,700 Net Income: -$11,700 (Covered by reserves and additional fundraising) Year 3 Income • Grants: $70,000 • Donations: $40,000 • Fundraising Events: $20,000 • Sponsorships: $15,000 • Membership Fees: $7,000 Total Income: $152,000 Expenses • Salaries (3 full-time staff): $90,000 • Workshop Instructors (part-time): $30,000 • Rent and Utilities: $17,000 • Office Supplies: $5,500 • Marketing and Outreach: $14,000 • Equipment Maintenance and Upgrades: $5,000 • Workshop Materials: $7,000 • Insurance: $3,500 • Website and IT Maintenance: $3,000 Total Expenses: $175,000 Net Income: -$23,000 (Covered by reserves and additional fundraising) Year 4 Income • Grants: $80,000 • Donations: $45,000 • Fundraising Events: $25,000 • Sponsorships: $18,000 • Membership Fees: $8,000 Total Income: $176,000 Expenses • Salaries (3 full-time staff): $95,000 • Workshop Instructors (part-time): $35,000 • Rent and Utilities: $18,000 • Office Supplies: $6,000 • Marketing and Outreach: $15,000 • Equipment Maintenance and Upgrades: $5,000 • Workshop Materials: $8,000 • Insurance: $3,800 • Website and IT Maintenance: $3,500 Total Expenses: $189,300 Net Income: -$13,300 (Covered by reserves and additional fundraising) Year 5 Income • Grants: $90,000 • Donations: $50,000 • Fundraising Events: $30,000 • Sponsorships: $20,000 • Membership Fees: $10,000 Total Income: $200,000 Expenses • Salaries (4 full-time staff): $120,000 • Workshop Instructors (part-time): $40,000 • Rent and Utilities: $20,000 • Office Supplies: $7,000 • Marketing and Outreach: $18,000 • Equipment Maintenance and Upgrades: $6,000 • Workshop Materials: $10,000 • Insurance: $4,000 • Website and IT Maintenance: $4,000 Total Expenses: $229,000 Net Income: -$29,000 (Covered by reserves and additional fundraising) Summary • Total Income Over 5 Years: $761,000 • Total Expenses Over 5 Years: $873,000 • Total Net Income Over 5 Years: -$112,000 (Covered by initial funding/reserves and additional fundraising efforts) Notes: 1. Initial Funding/Reserves: To cover initial deficits, the organization will rely on initial funding, reserves, and strategic fundraising. 2. Growth Strategy: Income is expected to grow annually through increased grants, donations, and fundraising efforts. 3. Staffing: Salaries account for growth in staff to accommodate expanding programs and reach. 4. Technology: Investment in technology and interactive tools like smartboards to enhance the learning experience. 5. Sustainability: The goal is to achieve financial sustainability through diversified income streams by the end of year 5. This budget assumes that the organization will successfully increase its funding year over year while managing expenses prudently. Additional adjustments might be needed based on actual income and expenses.
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Business Plan
Our mission over the next 5 years is to provide engaging community "WGLT" workshops that offer essential supplemental education in Black History, Civics, Coding, Music, and Financial Literacy. Using state-of-the-art smartboard technology, we will create a dynamic learning environment that enhances student engagement and understanding through interactive activities. Our successful implementation in multiple schools in the Tampa area highlights the effectiveness and positive impact of our approach. Objectives • Enrich Educational Experience: Provide students with knowledge and skills that complement their standard curriculum. • Promote Inclusivity: Highlight the importance of diverse historical perspectives, particularly Black History. • Encourage Civic Engagement: Foster a deeper understanding of civic duties and the functioning of government. • Develop Technical Skills: Introduce students to coding and technology. • Nurture Creativity: Offer music education to enhance creative expression. • Enhance Financial Literacy: Equip students with the knowledge to manage personal finances effectively. Target Audience • Students aged 8-18 from local schools • Parents and guardians • Educators and community members We Gonna Learn Today Inc, is a non-profit organization dedicated to empowering our community through education. We are embarking on an exciting new initiative to provide supplemental workshop classes focused on Black history, civics, personal finance, coding, and music. We believe that these subjects are essential for fostering personal growth, civic engagement, and professional development in our community. Our workshops are designed to be more than just educational sessions—they are interactive experiences that engage participants in a dynamic learning environment. By utilizing smartboards and other interactive technologies, we aim to make the learning process more engaging and effective, encouraging active participation and a deeper understanding of the material.
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Self Identified Competition
Sylvan Learning - a tutoring program Fusion Global Academy - 1-to-1 online classrooms for grades 6-12 The STEAM Generation - Virtual classes on coding What makes us different is our interactive activities. We are using the technology of smartboards to keep are students engaged in the material. We use a variety of games and puzzles to teach our material. Making the information fun and enjoyable which makes students want to do it over and over again which helps them retain the information.
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Contact Applicant
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