Reference no: EM133556272
Assignment
Charlin has a great outreach idea for her nonprofit life-skills organization. Weekday evening attendance has dropped about 30 percent since late August, which she strongly suspects is due to children returning to school. She wants to buy a charter bus that was abandoned at a nearby factory and outfit it with desks, then drive it into neighborhoods, bringing the classroom to students rather than expecting the students to make their way to her organization.
Her supervisor, Juan, sees the potential behind her idea, but thinks it will consume more of the organization's budget than Charlin realizes. Still, she has permission to devise a plan, including a detailed start-up and maintenance budget. The only problem is she doesn't know much about budgets. Where to start?
Organizations that focus on adult education often tend to be nonprofit, such as Chicago's Cara Foundation, yet large for-profits need to budget, too. Goals differ, but the end result is the same-budgets are used to meet financial goals that advance the organization.
Juan believes Charlin's idea to buy a charter bus abandoned nearby to use as a mobile classroom is terrific, but wants her to be resourceful in planning the project. When he told Charlin that she could have 750 dollars in startup funds, it was clear she was disappointed. Juan is sure that's all she'd need if she just thinks creatively and explores the multiple sources available.