Year Two (August 1, 07-July 31, 08)
Pilot Model by taking 5 Fellows from India and 5 Fellows from Colombia to Washington, DC and Wilmington, DE.
| Year Two Assumptions |
| # of Fellows: |
10 |
| Atlas Corps Fellows in 2 US sites: |
DC & DE |
| Atlas Corps Fellows from 2 countries |
India & Colombia |
| Fellow Stipend |
$13,500 |
| US Host Organization Cost Share |
$16,000 |
| Fellow Advance Deposit |
$500 |
| YEAR TWO BUDGET |
| Expenses (Expected) |
Income (Expected) |
| Salary (3 ppl) |
$110,000 |
Foundations |
$230,000 |
| Staff Health Insurance / Benefits |
$23,500 |
U.S. Host Organization Cost Share |
$160,000 |
| Payroll Taxes |
$12,000 |
Corporations |
$65,000 |
| Staff Travel |
$10,000 |
Individuals |
$25,000 |
| Living Stipends |
$135,000 |
Government |
$10,000 |
| Fellow Flights and Travel |
$10,000 |
Foreign Funders |
$5,000 |
| Training Expenses and Stipends |
$25,000 |
Fellow Advance Deposit |
$5,000 |
| Fellows Health Insurance |
$47,000 |
U.S. Civic Groups |
$2,500 |
| Promotional / Fundraising Expenses |
$8,000 |
Endowment Income |
$7,000 |
| Partner Development / Support |
$7,500 |
|
|
| Fellow Recruitment |
$7,000 |
Per Fellow Fundraising Need |
$240,000 |
| Insurance (D&O, Liability) |
$2,500 |
Percent Covered by Revenue
|
40%
|
| Office / Admin / Other |
$25,000
|
|
|
| Total Expenses |
$422,500 |
Total Expected Income |
$509,500 |
| Year One Surplus |
$87,000 |
Year End Cash on Hand |
$203,775 |
|