International Learning Center Five-Year Financial Forecast

2018 2019 2020 2021 2022 2023 6-Year Total

Income:
Founders Operating Pledges (3 years) 200,000 400,000 300,000 900,000
Founders Capital Pledges 200,000 100,000 300,000
Foundation Donations (Other) 80,000 200,000 280,000 325,000 350,000 1,235,000
Individual Donations 60,000 100,000 120,000 160,000 220,000 660,000
Grants 100,000 120,000 120,000 140,000 250,000 730,000
Gifts In-Kind/Product Donations 150,000 100,000 120,000 150,000 170,000 190,000 880,000
Americana and Melting Pot Galas 10,000 12,000 12,000 14,000 20,000 68,000
Total Income 550,000 850,000 852,000 682,000 809,000 1,030,000 4,773,000
Expenses:
Employee Salaries 80,000 341,600 348,432 355,401 362,509 369,759 1,857,700
Employee Taxes and Health Benefits (% Estimated Cost) 30% 24,000 102,480 104,530 106,620 108,753 110,928 557,310
Product Purchases 5,000 30,000 35,000 38,000 40,000 60,000 208,000
Leaseholder Improvements - 30,000 5,000 5,000 5,000 5,000 50,000
Advertising/Marketing 3,000 3,000 3,500 3,500 4,000 6,000 23,000
Technology Support 1,000 2,000 2,000 2,000 3,000 3,500 13,500
Accounting Support 2,000 5,000 6,000 7,000 8,000 9,000 37,000
Outside Legal, Accounting, and Insurance 12,000 20,000 21,000 22,000 24,000 24,000 123,000
Utilites 48,000 48,000 48,000 48,000 48,000 48,000 288,000
Facility Mortgage 36,000 36,000 36,000 36,000 36,000 36,000 216,000
Volunteer Development 4,000 6,500 6,500 7,500 7,500 7,500 39,500
Donor Recognition/Gala Costs 3,000 3,000 3,000 3,000 3,000 4,000 19,000
Summer Family Programs 0 25,000 50,000 75,000 100,000 125,000 375,000
Childcare 0 24,000 36,000 48,000 60,000 72,000 240,000
ESL Trainings and Curriculum 2,000 6,000 8,000 10,000 12,000 14,000 52,000
Furnishings and Equipment 300,000 2,000 2,000 2,000 2,000 2,000 310,000
Total Expenses 520,000 684,580 714,962 769,021 823,761 896,686 4,409,010

Net Income or (-Loss) 30,000 165,420 137,038 -87,021 -14,761 133,314 363,990

Employe Salaries Plus Annual Cost Of Living increase of:

Executive Director 2% $ 50,000.00 $ 51,000.00 $ 52,020.00 $ 53,060.40 $ 54,121.61 $ 55,204.04 $ 315,406.05
Curriculum Director $ 40,000.00 $ 40,800.00 $ 41,616.00 $ 42,448.32 $ 43,297.29 $ 208,161.61
Administrative Assistant $ 30,000.00 $ 30,600.00 $ 31,212.00 $ 31,836.24 $ 32,472.96 $ 33,122.42 $ 189,243.63
Public Relations Coordinator $ 40,000.00 $ 40,800.00 $ 41,616.00 $ 42,448.32 $ 43,297.29 $ 208,161.61
Fundraising Coordinator $ 40,000.00 $ 40,800.00 $ 41,616.00 $ 42,448.32 $ 43,297.29 $ 208,161.61
IT & Computer Lab Coordinator $ 35,000.00 $ 35,700.00 $ 36,414.00 $ 37,142.28 $ 37,885.13 $ 182,141.41
Emloyment & Legal Aide Coordinator $ 35,000.00 $ 35,700.00 $ 36,414.00 $ 37,142.28 $ 37,885.13 $ 182,141.41
Literacy and Adult Education Coordinator $ 35,000.00 $ 35,700.00 $ 36,414.00 $ 37,142.28 $ 37,885.13 $ 182,141.41
Citizenship Coordinator $ 35,000.00 $ 35,700.00 $ 36,414.00 $ 37,142.28 $ 37,885.13 $ 182,141.41
$ 80,000.00 $ 341,600.00 $ 348,432.00 $ 355,400.64 $ 362,508.65 $ 369,758.83 $ 1,857,700.12