What will my donation be used for?
We need capital for startup, just like any business. We believe, because of the dire need for leadership, that a fast, strong, and poignant launch is far more valuable than a slow, long, drawn out launch. Further, the founders are experienced business professionals that know how to launch new venture.For more details on the Budget, please see the Business Plan.
Who is serving on the Board of Directors?
At this time, the Founders are comprising the Board of Directors. We have asked a number of people to serve as our Board of Advisors, which basically carries no legal responsibility. As we evolve during the next six months will build the Board based on who wants to become deeply involved in our growth. If you would like to be a Board Member or Trustee, please let us know.
Do you plan to build a campus?
No, not at this stage. Many organizations get caught in an “edifice complex” too early in their evolution. We believe our first efforts should be in creating maximum value for the Institute’s customers. There are plenty of facilities in the Naples area to rent while we set up the programs and infrastructure. If a benefactor emerged and offered a very large donation for a building, we would consider it, but that is not a priority at this stage.
I’m worried about not-for-profit ventures, aren’t they too risky?
Many Not-for Profit businesses start off with a Not-for-Profit mentality, then proceed to lose money from their inception. We are composed of hard-nosed business people who like making a profit and intend to hit break even in 2 1/2 years. However, being a Not-for-Profit Educational Institution means we can receive grants and donations to launch new venture and to ensure our profits go into either growth or to subsidize youth programs (note: we will likely be involved in youth leadership in areas where poverty predominates. The profit from the executive division will be used to help subsidize the youth programs.
We are seriously considering setting up for-profit subsidiaries and joint ventures for Leadership Gaming, Franchising, and Consulting. However, these are still in the planning stage and must be carefully orchestrated to preserve our IRS status.