FINANCIAL SUMMARY AND PROJECTIONS

As the organization grows, we are working to start capitalizing on our success over the past few years. Outside of student impact, we are focusing our development efforts on getting Dynamo on track for long term financial health – ie multi year funding opportunities from local AND national donors. This is a major challenge for most non profit organizations and it’s something that we are very confident we will be able to achieve over the next two years. Our budget is $275,038 with a stretch goal of $300,000. 

At present, we are working closely with the school district to gain long term annual funding from them based on strong results at the close of each school year. Our requested district support would be $100,000/yr. This would be a new kind of investment for our school district – nobody has ever tried to do what we are doing at this level. It’s something that has leadership at the HCDE Central Office VERY excited. The School Board Chairman, Superintendent, HCDE community superintendents, and the HCDE Foundation have been actively meeting over the past quarter to make this happen. This is financial support we anticipate receiving. 

Additionally, we’ve successfully engaged a much broader network of local philanthropists. To further support the expansion of our local and national donor network, we formed a strategic partnership with Whiteboard, an internationally renowned ad agency, to get Dynamo in front of national players, organizations, and funders to help achieve the financial success our team is aiming for. 

Originally, the Bobby Stone Foundation generously supported our organization launching full time programs in our partner schools with the goal of also helping inspire other donors to give as well. Due to the pandemic it became very difficult to inspire large gifts from anyone (even those that had generously given to us in the past). However, we made it through the pandemic stronger than ever and managed to have incredibly strong impact results even in the midst of global catastrophe. If we secure the funding for the next two years, Dynamo is going to flatout take off! 

ORGANIZATION BUDGET + LINE ITEMS AND TIME TABLE

*** This is for a 12 month calendar budget from August-July each year (the 12 months will start in August because that’s when the school year starts).

Current/Prospective Foundation and Corporate Donors:

*** Please note that this info is incredibly PRIVATE and cannot be shared in any form beyond your board ***

Saxmon Studios  (major record label) - $10,000 towards our gear fund  (PENDING)

Hamilton County Commissioners - $10,000 for workforce development programming. 

  • This has the potential to become larger and an annual contribution pending assessment of programming efficacy and impact. 

Unum Gives - $30,000 for mentorship program development. ($15,000/yr for two years) 

Benwood Foundation (PENDING) - Undisclosed amount. 

  • The Benwood Foundation has been a great partner over the past few years and they played an integral role in the development of the Howard Connect Academy. By supporting Dynamo they are further supporting their investment in that school. They are currently wrapping up the end of a strategic investment cycle, so ideally we will be positioned to form a multi-year funding partnership with them by the end of the year. Worst case scenario we will continue receiving staff grants from them. Historically, they have given us $20,000/yr (two separate $10,000 grants throughout the year).

McKenzie Foundation (prospective) - Undisclosed amount.

  • We have a standing relationship with this foundation and anticipate their continued support over the next few years. 

  • Last year, they contributed $35,000 to our program and edu equipment budget.

HCDE Foundation - $10,000

  • We have a standing relationship with this foundation and have been told that they will continue to support our programs.

UnitedWay Impact Fund (prospective) - $100,000 requested ($50,000 anticipated)

  • UnitedWay opened a competitive grant making process this year. After multiple meetings and site visits, we anticipate a solid level of support.

  • The Impact Fund directly supports program operating expenses. 

UnitedWay Catalyst Fund (prospective) - $25,000 (this is outside of our operating budget)

  • UnitedWay opened a competitive grant making process this year. After multiple meetings and site visits, we anticipate a solid level of support.

  • The Catalyst Fund directly supports contracting a fundraiser to expand our pool of national donors. 

Redemption to the Nations Church  (prospective) - $25,000

  • This is a new opportunity for our organization. RTTN has directly expressed interest in supporting our outreach efforts. 

  • They are considering supporting our cause regardless of the fact that we are not a religious organization.

The Community Foundation of Greater Chattanooga (prospective) - Undisclosed amount.

  • We have a standing relationship with the CFGC and anticipate that we will receive support this year between $15,000-$20,000

  • Additionally, we have received $10,000 from their donor advised fund on behalf of a local philanthropist. We anticipate an increase in funding from their donor advised fund.