2009-2010 Annual Report

Founded in the Spring of 2005 with 4 members and one project, SIFE at USF now an official

501(c)3 non-profit organization based at the University of South Florida in Tampa, Florida.

Since 2005, the team has directly impacted 11,473 people while contributing 11,750 communi-

ty service hours. Awards received includes 3-time SIFE USA Regional Champions, SIFE

Rookie of the Year, USF’s Most Outstanding Student Organization, and also nominated for

the 2010 Tampa Bay Business Journal’s Nonprofit of the Year Award.

Students do not receive credit for their participation in SIFE.

© 2010 Students in Free Enterprise at University of South Florida |

4202 E Fowler Ave SVC 1102 Tampa, Florida | (813) 974-5462

www.ctr.usf.edu/sifeusf

Team History

2009-2010 Highlights of Accomplishments ~ Directly impacted 2,892 while contributing 4,325 community service hours

~ Completed 15 projects with 4 in the pipeline

~ Membership doubled to 25 active members

~ Year to year funding increase of 110% Comprehensive Data Chart

The University of South Florida

1. SIFE at USF Inc. is its own 501(c)3 non-profit organization. Results: Increase in funding (110%) and

community support. 2. Added 3 new Business Advisory Board members to a total of 14 and increased number of BAB meetings.

Results: Increased BAB involvement. 3. Added 1 new Alumni Advisory Board member to a total of 4. Results: Ensure long term support by alumni.

4. Established a full time position of Director of Recruitment. Results: Membership doubled to 25 active

members. 5. Established a full time position of Director of Marketing. Results: Most Gross Impressions in team history to

a total of 14,377,344. 6. Expansion Strategy: Aim to establish subsidiary SIFE chapters on USF’s campuses in St. Petersburg, Lakeland

and Sarasota. Potential Result: Establish a unified regional SIFE Team that is capable to implement projects that

reach 4,000,000 people in the Tampa Bay area. 7. Salesforce.com CRM Implementation to track and manage members and projects. Results: More efficient daily

operations. Less hours yet more impactful projects. 8. Hosted the 2009 SIFE USA Training Conference and will also host in 2010. Results: Increased exposure and partnership with other SIFE

Teams in the region. 9. Human Centered Design (HCD) Model adoption: In preparation of SIFE USA’s switch

from individual topics to its Triple-Bottom Line (3BL) model, this model considers the

design of a project based on its Desirability, Feasibility, and Viability. Potential Result:

Creating projects that are more impactful. Quality rather than quantity.

7 Program Sustainability

1. Heart for the World: Interactive website with questions designed to quiz users on topics

from each of SIFE’s educational criteria

2. USF Bikes: Bike issuance program designed to promote a healthy alternative to driving on

campus

3. We-Car: Aims to make our campus greener through the marketing and development of a car

sharing program 4. Tampa Riverwalk Digital Cell Phone Walking Tour: Interactive electronic tour of the

Tampa Riverwalk; SIFE USF’s new business venture.

5. Gawad Kalinga: Our first international project aimed at building a living/learning community in the

Philippines in our combat to end poverty!

~ Tampa, Florida

~ Home of the Bulls

~ 48,000 students and over 600 student organizations

~ Fastest growing research institution in the U.S.

~ $3 Billion economic impact on the Tampa Bay region

~ Graduate program in Entrepreneurship

is ranked 5th nationally by Entrepreneur Magazine

BAB

Projects in the Pipeline

Gawad Kalinga Project

Human Centered Design (HCD)

Financials

Need and Description: Lack of knowledge about

the world currency exchange system and

economic development in the lowest income

community in Hillsborough county A

simulation of the world’s economy and the

redevelopment of Haiti after the devastating

earthquake Attendees young and old

exchanged Haitian currency using real world

exchange rates at the SIFE World Bank in order to purchase items.

Results: 72% increase in knowledge on how the currency exchange system

works 115 directly impacted

1 Market Economics

WORLD VILLAGE: Rebuilding the Economy of Haiti

ORANGE MARKET

Need and Description: Lack of

knowledge on the distribution

process of commodity goods from

the harvesting and processing of

oranges, Florida’s number one

agriculture export. OJ the Orange

taught elementary and middle

school students the distribution &

life cycle & how an orange goes

from the grove to their glass as

juice and how the by-products are used to make other products such as cleaners

and fragrances.

Results: 31.8% increase in knowledge of production & distribution of

goods & services

2 Success Skills SUITS OF SUCCESS - SUIT-A-BULL

Need and Description: Employers who attended the USF Career Fair expressed concerns

that students were not properly dressed Large number of students cannot afford the high

cost of professional attire to attend career fairs & interviews SOS Collection Drive -

Collected professional attire from the community as well as raised awareness on the

importance of dressing for success Suit-A-Bull Suit Rental Clos-

et provides students with free suit rentals as well as professional ad-

vice in preparation for job fairs or interviews.

Results: 187 pieces of professional attire collected 87%

increase in knowledge Suit-A-Bull Closet now open and

operational year round.

MYFIRSTJOBOFFER.COM

Need and Description:

Feedback from fellow students and University administration of the

limited availability of information to analyze job offers Website launched to help stu-

dents analyze job offers; including compensation, benefits, IRA’s, PTO’s, HMO’s, PPO’s

in addition to a blog in which visitors can ask questions.

Results: 1,500 Visitors 73% increase in knowledge

SMART Club

Need and Description: Lowest ranked high school in Hillsborough district with the lowest

graduation rates Provided one on one mentoring to juniors and seniors on school sub-

jects, life, graduation, and getting into collegeFinancial Aid guidance College visits

Results: 2 previously struggling students will graduate and were accepted

into college

3 Entrepreneurship SIFE CONSULTING SERVICES

Need and Description: Lack of

professional guidance for budding

entrepreneurs to take their projects and

ideas to the next levelProvided

pro-bono or for equity consulting

services that include Market Analysis,

Pro Formas, Business Plan, and Strategy

Development Partnership with Launch

Velocity, LLC, a growth accelerator

Conducted six consulting projects that include:

electronic prescription alert, a DISC personality

testing service, a political online social

community, unique changeable logo hats, and an

energy management system.

Results: 2 projects launched2 seeking funding1 due diligence phase

1 project droppedSIFE at USF retained a small equity share

USF TIES

Need and Description: Lack of school colored ties to

wear to SIFE CompetitionSIFE at USF’s first busi-

ness ventureTies sold and worn by USF Student

Government www.usfties.com In negotiations

with local dry cleaners to carry ties.

Results: Revenue of $1,200 60% Profit Margin

Recent Media Exposure of USF Athletics Coaches

4 Financial Literacy WHAT’S IN YOUR POCKET?

Need and Description: USF students graduate with a higher than

average amount of student loans A series of interac-

tive presentations that taught the role of credit, finan-

cial aid, retirement planning, investments, life insur-

ance Also reached adult senior population.

Results: Permanent part of freshman curriculum

reaching 3,000 students85% average increase in

knowledge in topics covered

THE FIRM

BEYOND THE BULL

MILLION DOLLAR WORKSHOP

Need and Description: High school sophomores, juniors & seniors lack the

knowledge of long term financial planning Case study competition to solve a

real life financial dilemma Groups developed strategies to solve a life long debt

crisis Results: 50% increase in knowledge and presentation skills

Need and Description: Further educate college students to be

financially smart and plan for the future Bi-annual exposition focusing on

budgeting, credit, debt, financial aid, obtaining a mortgage, insurance, buying

your first home Brought in speakers from all industries to speak one on one to

students Results: 15% average increase in knowledge and presentation

skills

Need and Description: College students are facing unprece-

dented financial challengesA presentation by Tim Monkeby, famed author

of “If I had a Million Dollars” Learn how to make financial and

career decisions now that lead to long term financial success

Results: 72% average increase in knowledge

5 Environmental Sustainability

REFILL-A-BULL

6 Business Ethics

Need and Description: Americans use 30 million water

bottles each year Only 2 in 10 are recycled It takes

thousands of years for plastic to degrade in landfills

Provide students with low cost reusable aluminum

water bottles at $5 per bottle (retails for $15)Retrofit

refillable water systems in popular areas on campus in

partnership with campus Physical Plant to encourage stu-

dents to refill their water bottlesSponsored by $6,000

Wal-Mart grant

Results: 1 machine installed with additional retrofits

in progress3,000 bottles ordered Projected to sell 13,000 bottles per year resulting in

profit of $11,000Overall savings of $1,746,158 per year for students and save

2,328,210 plastic bottles annually.

SAM’S CLUB ENVIRONMENTAL SUSTAINABILITY CHALLENGE

Need and Description: Helped two Sam’s Club business

members promote environmental practices and increase

awareness on the benefits of being green Installed weather-

proof seals on all doors, programmable thermostats, exhaust

fans and kitchen shelving to help eliminate “hot spots.”

Results: We are monitoring 6 months of electric bills to

gauge the energy usage of each business

through a dynamic internet based program

Created employee manual to change daily

behavior at home and on the job

PROJECT ALERT

Need and Description: Florida is ranked 3rd in immigrant popula-

tion and the Tampa Bay area is 2nd behind Miami-DadeDis-

crimination at work for non-citizens is rarely brought to light

Partnership with Catholic Charities and funded by the US Department of Justice

ALERT : Anti-Discrimination Law

Employment Related TrainingEducat-

ing employers and employees on immi-

gration related discrimination that in-

cludes: citizenship status discrimination,

national origin discrimination, document

abuse, and retaliation Offered in Eng-

lish, Spanish, and Vietnamese

Results: Goal to reach 8,000 work-

authorized non U.S citizens, 500 small

businesses, and 300 social service pro-

vidersReached 75 people, 5 small businesses

76% increase in knowledge of ethical concepts & principles

ETHICS CASE STUDY CHALLENGE

Need and Description: Lack of awareness on how ethics plays a crucial role in

daily life and real-life ethical dilemmas Provided student groups with interactive

and real life case study issues focusing on medical ethics and the recently passed

health care bill Students put into practice the theories they learned in the class-

room and applied it in this case study challenge

Results: 80% increase in knowledge of real life ethical practices