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Page 1: Dress for Success Crowdfunding

DRESS FOR SUCCESS

Crowdfunding TeamKsenia Kartamyshev, Anastasia Kolb, Alfonso

Bautista, Ann-Margaret Conca, Michael Xu, Chris Yang, Tearance Weakley, Michal Zajac

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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 - Warren

Volunteers, donors, supporters provide a huge help to their office

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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

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On Location

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boutique

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ServicesSuiting Program

Career Center

Professional Women’s Group

Going Places Network presented by Walmart Foundation

Foundations of Success Workshops

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Cause for Choosing Dress for Success Fashion- and Business-related at the same time

Donation-Based CrowdfundingAlmost each woman can find the clothes in her closet that could be donated

Improves the sense of well being

Physical, mental and social benefits from volunteering for a great cause

Inform others about issues of social injustice

Donations are tax deductible (provides tax forms)

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StatisticsWorldwide Dress for Success has expanded to almost 145 cities in

20 countries

Has helped more than 850,000 women work towards self-sufficiency

DFS Morris County Served over 1,100 women in 2015; approximately 600 were reached by Mobile Program

Many are single mothers supporting an entire household

Referred by over 100 local agencies including Homeless Solutions, Jersey Battered Women's Service and Workforce NJ

Each woman gets $1,000 worth of clothes to start a professional wardrobe

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Evaluating Charities : Why Dress for Success Key Metrics :

● Fundraising Efficiency

● Administrative Expenses

● Government Grants

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Goodwill Rescue Mission

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Goodwill Industries of Greater New York & Northern New Jersey

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Dress For Success Worldwide

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Individual Roles● KSENIA

○ Establishing Contacts ● ANASTASIA and ANN-

MARGARET

○ Marketing/Branding● TEARANCE

○ Accounting & Financing

● ALFONSO

○ Supply Chain Manager● MICHAL

○ Project Manager● CHRIS and MICHAEL

○ Public Relations

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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)

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Activities for the Project● Got in touch with Dress For Success Morris County● Wrote a letter to give out to potential donors/stores● Stores we reached out to

○ Judy’s Group, Dressbarn, Target, Ann Taylor, White House/Black Market○ J-Crew, Forever 21, ShopLatitude, Marshall’s, Torrid, and Avenue○ Nordstrom, Bloomingdales, Macy's, JCPenny

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Activities for the Project● Contacted OCM and set up a tabling event at RBS● Contacted Career Development Center for a

tabling event on main campus● Created a flyer/distributed it to potential donors● Advertised through clubs and faculty members

○ Alpfa, Supply Chain, Ascend, RU WIB, MMS, RAS, NABA● Donation drive with baked goods offered for

donations at RBS● Contacted professors to donate clothes

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Suit Drive at RBSPictures from the Suit Drive at RBS!

04/18/16

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Suit Drive Results10 Suits

13 Blazers

23 Blouses

13 Dresses

33 Skirts

10 Pants

4 Coats

1 Handbag

$108 in monetary Donations

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Balance Sheet from IRS 990Assets 1-Jul-13 30-Jun-14 Change

Cash & Equivalents $209,678 $223,446 $13,768

Accounts Receivable 5,000 0 (5,000)

Inventories for Sale or Us 56,757 59,835 3,078

Total Assets $271,435 $283,281 $11,146

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Balance Sheet from IRS 990

Liabilities 1-Jul-13 30-Jun-14 Change

Accounts Payable $2,421 $3,121 $700

Total Liabilities 2,421 3,121 700

Fund Balance $269,014 $280,160 $11,146

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Revenues● Assets $283,281

● Income $396,244

2015 (990) 2014 (990)

Contributions 412,469 $290,854

Government Grants 0 0

Program Services 17,917 16,183

Investments 0 459

Special Events (34,142) 31,622

Sales 0 0

Other 0 0

Total Revenue 396,244 339,118

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Expenses● Expenses $327,972

● Liabilities $3,1212015 (990) 2014 (990)

Program Services $266,337 $273,662

Administration 30,397 31,035

Other 36,146 23,275

Total Expenses 332,870 327,972

Net Gain/Losses 63,374 11,146

www.guidestar.org

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Money Raised/ExpensesCrowd Funding Team

Income Statement (Single Step)

Revenues:

Baked Goods Sold $108

Clothing Collected $1500

Total Revenue $1608

Expenses:

Cost of Baked Goods $55

Total Expenses ($55)

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SummaryDress for Success is a not-for-profit organization that empowers

disadvantaged women to achieve economic independence

Our team worked to organize donation-based crowdfunding

Our 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 reference

Informed students/professors about great causes for donations to help disadvantaged women in getting a job

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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 who’s contact you’ve provided and hopefully build a relationship with them. If there is ever anything you need from us, don’t 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: [email protected]

"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."