Dress for Success Crowdfunding

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Transcript of Dress for Success Crowdfunding

DRESS FOR SUCCESSCrowdfunding Team

Ksenia Kartamyshev, Anastasia Kolb, Alfonso Bautista, Ann-Margaret Conca, Michael Xu, Chris Yang, Tearance Weakley, Michal Zajac

Background Dress for Success is an international not-for-profit organization that empowers women to achieve economic independenceHeadquarters are located in New York, New YorkStarted operations in 1996 by Nancy LublinMorris County office is run by 3 people and serves 10 counties: Bergen - Essex -Hunterdon - Middlesex - Morris- Passaic - Somerset - Sussex - Union - WarrenVolunteers, donors, supporters provide a huge help to their office

Mission

Empower women to achieve economic independence Provide a network of supportProvide professional attire and development toolsHelp disadvantaged women thrive in work and in lifeVideo

Thank you for not letting my past dictate my future. -Deborah

On Location

boutique

ServicesSuiting Program Career CenterProfessional Womens GroupGoing Places Network presented by Walmart FoundationFoundations of Success Workshops

Cause for Choosing Dress for Success Fashion- and Business-related at the same timeDonation-Based CrowdfundingAlmost each woman can find the clothes in her closet that could be donatedImproves the sense of well beingPhysical, mental and social benefits from volunteering for a great causeInform others about issues of social injusticeDonations are tax deductible (provides tax forms)

StatisticsWorldwide Dress for Success has expanded to almost 145 cities in 20 countriesHas helped more than 850,000 women work towards self-sufficiencyDFS Morris County Served over 1,100 women in 2015; approximately 600 were reached by Mobile ProgramMany are single mothers supporting an entire householdReferred by over 100 local agencies including Homeless Solutions, Jersey Battered Women's Service and Workforce NJEach woman gets $1,000 worth of clothes to start a professional wardrobe

Evaluating Charities : Why Dress for Success

Key Metrics :

Fundraising Efficiency

Administrative Expenses

Government Grants

Using http://www.charitynavigator.org/ we compared several charities using these

Goodwill Rescue Mission

Goodwill Industries of Greater New York & Northern New Jersey

Dress For Success Worldwide

Individual RolesKSENIAEstablishing Contacts ANASTASIA and ANN-MARGARETMarketing/BrandingTEARANCEAccounting & Financing

ALFONSOSupply Chain ManagerMICHALProject ManagerCHRIS and MICHAELPublic Relations

Donation-Based Crowdfunding

The way to source money for a project by asking a large number of contributors to donate a small amount to it (Investopedia)

Activities for the ProjectGot in touch with Dress For Success Morris CountyWrote a letter to give out to potential donors/storesStores we reached out to Judys Group, Dressbarn, Target, Ann Taylor, White House/Black MarketJ-Crew, Forever 21, ShopLatitude, Marshalls, Torrid, and AvenueNordstrom, Bloomingdales, Macy's, JCPenny

Activities for the ProjectContacted OCM and set up a tabling event at RBSContacted Career Development Center for a tabling event on main campusCreated a flyer/distributed it to potential donorsAdvertised through clubs and faculty membersAlpfa, Supply Chain, Ascend, RU WIB, MMS, RAS, NABADonation drive with baked goods offered for donations at RBSContacted professors to donate clothes

Suit Drive at RBSPictures from the Suit Drive at RBS! 04/18/16

Suit Drive Results10 Suits13 Blazers23 Blouses 13 Dresses 33 Skirts 10 Pants4 Coats1 Handbag$108 in monetary Donations

Balance Sheet from IRS 990

Assets1-Jul-1330-Jun-14ChangeCash & Equivalents$209,678$223,446$13,768Accounts Receivable5,0000(5,000)Inventories for Sale or Us56,75759,8353,078Total Assets$271,435$283,281$11,146

Balance Sheet from IRS 990

Liabilities1-Jul-1330-Jun-14ChangeAccounts Payable$2,421$3,121$700Total Liabilities2,4213,121700Fund Balance$269,014$280,160$11,146

RevenuesAssets $283,281Income $396,244

2015 (990)2014 (990)Contributions412,469$290,854

Government Grants00Program Services17,91716,183Investments0459Special Events(34,142)31,622Sales00Other00Total Revenue396,244339,118

ExpensesExpenses $327,972Liabilities $3,121

2015 (990)2014 (990)Program Services$266,337$273,662Administration30,39731,035Other36,14623,275Total Expenses332,870327,972Net Gain/Losses63,37411,146

www.guidestar.org

Money Raised/Expenses

Crowd Funding TeamIncome Statement (Single Step)Revenues: Baked Goods Sold$108Clothing Collected$1500Total Revenue$1608Expenses: Cost of Baked Goods$55Total Expenses($55)Net Income$1553

SummaryDress for Success is a not-for-profit organization that empowers disadvantaged women to achieve economic independenceOur team worked to organize donation-based crowdfundingOur team raised $108 during Suit Drive at RBS and gave donated clothes to DFS of Morris County ($1,500 value)The list of contacts that we have established was forwarded to Dress for Success for future referenceInformed students/professors about great causes for donations to help disadvantaged women in getting a job

Thank You!Good morning Ksenia, Thank you so much for thinking of Dress for Success Morris County. We really appreciate everything you and your colleagues have done for us. We will stay in touch with the managers whos contact youve provided and hopefully build a relationship with them. If there is ever anything you need from us, dont hesitate to ask. Have a great day! Sincerely,Loraimy RodriguezBoutique Manager/Volunteer CoordinatorDress for Success Morris County25 Cook AvenueMadison, NJ 07940P:973-822-3188M:917-859-4226E: volunteermgr@dfsmorriscounty.org

"The mission of Dress for Success is to empower womento achieve economic independence by providing a networkof support, professional attire and development tools to helpwomen thrive in work and in life."