際際滷

際際滷Share a Scribd company logo

Final eighty brothers_l_-_11-29-2011[2]

BRANDON ELLIS
BRANDON ELLIS

The Beta Nu house has fallen into disrepair over the years and several brothers have engaged in fundraising efforts to purchase and renovate a new house since the 1990s. The current renovation plan aims to repair basic functionality issues, protect the existing structure from further damage, and do major renovations to key areas like the kitchen and bathrooms. Brothers are being asked to become monthly contributors through an online platform to generate steady funding to finance the renovations and qualify the housing foundation for 501(c)(3) status.

1 of 16
Meeting the Beta Nu Standard of Excellence byTransforming our H House i into a R Respected Monument dM
The original house was owned by Rev. Bro. Moses General Miles The Fraternity lost the house in 1995 to the University Several Brothers including Tirrell Whitley engaged in an extensive search and fundraising process Dr. H D Humphries stepped up to purchase the current house in 1997, hi d h h h i issuing a mortgage to the chapter Under th l d hi U d the leadership and tenacity of R dt it f Reggie Mitchell and i Mit h ll d contributions of several Brothers the mortgage on the current house was paid off in 2009 2009.
≒ Damage to roof is allowing water D t f i ll i t leaks. ≒ The ceiling is not insulated, g , resulting in higher utility bills. ≒ Drywall damage in upper bedrooms caused by water leaks. Mold is also evident in this picture. p
≒ Molding drywall in upper floors. Mold can contribute to unsafe indoor air quality and significantly reduces market value of house house. ≒ Exterior siding is in horrible shape shape. Siding should be replaced with Hardi cement siding or replaced in spots, striped and repainted. Cement board will provide best long term solution.
≒ Actual holes in exterior sheathing. This sheathing is not only unsightly but allows additional water into structure that can cause more damage. ≒ The bathrooms in the house do not work and have a foul smell. This reduces the functionality of the house. y Meetings are difficult to hold if Brothers can not relieve themselves.
Objective One Provide facility with basic functionality encouraging fraternal bond (i.e., hosting weekly fraternity meeting, occasional socials, d il camaraderie). i l i l daily d i ) Objective Two Update house to create an j p appealing environment for Brothers to live at the house (Two, bedroom suites on the second floor). Objective Three Create lasting monument to the distinction and excellence that is Beta Nu.
Plan Highlights ≒ Expanded kitchen with new flooring, cabinets and sink. g, ≒New bar area to allow for buffet style service ≒Renovated bathroom including new shower ≒Relocation of washer to reduce clutter ≒New chapter meeting room to facilitate larger group meetings. ≒New central A/C
Plan Highlights ≒ New kitchenette with small fridge and microwave for personal eating ≒Renovated and expanded bathroom with all new fixtures ≒Renovated and expanded bathroom Renovated ≒Relocation of washer/dryer to second floor. ≒ Expanded closets ≒Built in d k space il i desk ≒Individually controlled A/C units
Phase One Usability (IN PROCESS) ≒ Repair toilets and sewer system ≒ Replace existing HVAC system to enable heat and A/C of ground floor Phase Two Protect/ maintain Existing Structure ≒ Repair water leaks and rotting wood ≒ Replace wood with cement board ≒ Paint exterior wood that can not be replaced Phase Three Enhancement and Major Renovation. ≒ Demolish study and expand kitchen ≒ Renovate and update all bathrooms ≒ Expand upstairs bathrooms ≒ Upgrade electrical system to code ≒ Create utility room and provide dryer
Fall 2011 ≒ Repair toilets and sewer system with contributions in hand from Spring 1995 ≒ Secure 50 active monthly contributors from Brotherhood (32 verbal commitments to date, 9 actives) d i ) ≒ Upgrade HVAC system Fall 2011 Spring 2012 p g ≒ Secure another 30 active monthly contributors ≒ Secure services of architect and develop detailed plans and budget ≒ Solicit funding for project Spring/Summer 2012 ≒ Finalize financing g ≒ Award construction contract ≒ Begin and finish construction (3 mo duration)
The Housing Foundation needs a consistent and dependable stream of income to secure the financing necessary to design and renovate the house. Beta Nu has set a goal of 80 active monthly contributors donating an average of $32 per month. This level of financing will generate: $2,560 dollars per month $30,720 per year $153,600 over 5 years Funds in excess of debt service will be reserved for possible future purchase of adjoining property.
What is the concept? 32 Brothers (members of Spring 1990 and 1995) have already committed to giving $32 a month for the next five years to the Beta Nu Housing Foundation (BNHF) by way of the Beta Nu Gives Back (BNGB) on line platform (http://www.betanugivesback.org/donate.html). These early adopters collective pledge will exceed $12K per year and $60K over 5 years. How do I become one of the 80 contributors? Option 1 (Paypal) If you are not already become a member of Pay Pal. Process will take 10 12 minutes max. Sg Sign up for BN Housing Subsc pt o opt o at http://www.betanugivesback.org/donate.html. o ous g Subscription option ttp // beta ug esbac o g/do ate t Option 2 (Automatic Monthly ACH draft) Contact Brother Charles Frazier (cfrazier@edchousing.com) to request routing and bank account number (i.e.., the number you receive will be a special purpose sweep account, not the Foundations main account number.) Next Steps: Sign up online or via ACH draft yourself and begin pledging immediately. Present this concept to your line, obtain commitments from as many as possible and respond to Brother Lorin Crenshaw (lorincrenshaw@yahoo.com) to confirm your lines 100% or partial commitment to joining this effort.
How will the funds be administered? Funds will be transferred on a quarterly basis from BN Gives Back to the Beta Nu Alumni Housing Foundation, Inc. The Foundation will direct funds consistent with the 3 phase plan above. Quarterly reports related to this campaign will be posted on the BNGB website. As monthly cash flow grows a percentage of revenue will be Earmarked for scholarship It is scholarship. anticipated that the foundation will spend a higher percentage of revenue on charity as the housing goals are accomplished. Will the pledges be tax deduct b e t e p edges ta deductible? Not immediately. Neither Beta Nu Gives Back nor the Beta Nu Alumni Housing Foundation, Inc. are 501 c(3) organizations. Therefore donations would not be tax deductible as of today. The Beta Nu Alumni Housing Foundation is securing the services of a law firm to facilitate the document filings required to receive the 501c(3) status. The IRS tax exemption is expected by mid year 2012. However your donations given in 2011 may be deductible based on our success with the IRS Filing. This Process has started. When the IRS tax exemption is granted Brothers may redirect contributions toward it, making them tax deductible.
Two levels of involvement have been established and will be members recognized during the 80th Anniversary celebration in 2012. However, it should be noted that records of all contributions will be kept and turned over to the Chapter historian. Any brother who wishes his contributions to remain anonymous may elect to do so. y y Foundation Members: Brothers who are active contributors to the chapter at the $15 to $32 level for 12 months or more will have their name engraved displayed on a plaque in the house as official members of The Beta Nu Alumni Foundation. The Chapman Club Brothers who contribute at the $32 dollar per month level or more for 12 months or more will have their name engraved and line information displayed on a plaque outside the house as officials members of the Chapman Club. Chapman Club Members will p p receive also receive a commemorative shirt in thanks for their contribution.
The Foundation has engaged the services of an architect to begin the Th F d ti h d th i f hit t t b i th construction drawings for the project, with goal of going to permit by mid January. A contractor has been hired and has provided preliminary estimates of $60 65K p p y 5 for the complete project The 501(c)3 process has started. We anticipate making application to the IRS by the end of the year. Contributions should be tax deductible based on approval of the application application. The Foundation is reorganizing and formalizing new bylaws and mission statements. It is essential that chapter charity and scholarships flow through the foundation. This will ensure the viability of the 501(c) 3 status. The Foundation currently has approximately $6K in cash, $2K of which is reserved for property taxes.
Raise an additional 5 ,000 dollars liquid in order to start construction by February R i dditi l d ll li id i d t t t t ti b F b 1,2012 Secure a minimum of 10 additional brothers to contribute at the Chapmen Level And 10 at the Foundation member level by Start of construction. This equates to y q an additional 450.00 per month of cash flow. Phase I &II to begin in February and conclude by April Phase III to begin June and conclude by September Make a Difference sign up Now : http://betanugivesback.org/donate.html Thank You to the Current Contributing Brothers Gregory Gilmore, Lorin Crenshaw, Eugene Waiters, Jerome Johnson, Justin Smith, Samuel Horton, Alonzo Clark, Brandon Alexander, Cecil Hobbs, Reggie Nickson Korey Taylor Mark , Jarrett Datcher Richard McCloud Nickson, Taylor, Datcher, McCloud, Jarrett Datcher, Korey Taylor, James Patrick, Christopher Shorter, Joel Johnson, Charles Frazier , Akil Hameed, William Miller, Brandon Toliver.

More Related Content

Final eighty brothers_l_-_11-29-2011[2]

  • 1. Meeting the Beta Nu Standard of Excellence byTransforming our H House i into a R Respected Monument dM
  • 2. The original house was owned by Rev. Bro. Moses General Miles The Fraternity lost the house in 1995 to the University Several Brothers including Tirrell Whitley engaged in an extensive search and fundraising process Dr. H D Humphries stepped up to purchase the current house in 1997, hi d h h h i issuing a mortgage to the chapter Under th l d hi U d the leadership and tenacity of R dt it f Reggie Mitchell and i Mit h ll d contributions of several Brothers the mortgage on the current house was paid off in 2009 2009.
  • 3. ≒ Damage to roof is allowing water D t f i ll i t leaks. ≒ The ceiling is not insulated, g , resulting in higher utility bills. ≒ Drywall damage in upper bedrooms caused by water leaks. Mold is also evident in this picture. p
  • 4. ≒ Molding drywall in upper floors. Mold can contribute to unsafe indoor air quality and significantly reduces market value of house house. ≒ Exterior siding is in horrible shape shape. Siding should be replaced with Hardi cement siding or replaced in spots, striped and repainted. Cement board will provide best long term solution.
  • 5. ≒ Actual holes in exterior sheathing. This sheathing is not only unsightly but allows additional water into structure that can cause more damage. ≒ The bathrooms in the house do not work and have a foul smell. This reduces the functionality of the house. y Meetings are difficult to hold if Brothers can not relieve themselves.
  • 6. Objective One Provide facility with basic functionality encouraging fraternal bond (i.e., hosting weekly fraternity meeting, occasional socials, d il camaraderie). i l i l daily d i ) Objective Two Update house to create an j p appealing environment for Brothers to live at the house (Two, bedroom suites on the second floor). Objective Three Create lasting monument to the distinction and excellence that is Beta Nu.
  • 7. Plan Highlights ≒ Expanded kitchen with new flooring, cabinets and sink. g, ≒New bar area to allow for buffet style service ≒Renovated bathroom including new shower ≒Relocation of washer to reduce clutter ≒New chapter meeting room to facilitate larger group meetings. ≒New central A/C
  • 8. Plan Highlights ≒ New kitchenette with small fridge and microwave for personal eating ≒Renovated and expanded bathroom with all new fixtures ≒Renovated and expanded bathroom Renovated ≒Relocation of washer/dryer to second floor. ≒ Expanded closets ≒Built in d k space il i desk ≒Individually controlled A/C units
  • 9. Phase One Usability (IN PROCESS) ≒ Repair toilets and sewer system ≒ Replace existing HVAC system to enable heat and A/C of ground floor Phase Two Protect/ maintain Existing Structure ≒ Repair water leaks and rotting wood ≒ Replace wood with cement board ≒ Paint exterior wood that can not be replaced Phase Three Enhancement and Major Renovation. ≒ Demolish study and expand kitchen ≒ Renovate and update all bathrooms ≒ Expand upstairs bathrooms ≒ Upgrade electrical system to code ≒ Create utility room and provide dryer
  • 10. Fall 2011 ≒ Repair toilets and sewer system with contributions in hand from Spring 1995 ≒ Secure 50 active monthly contributors from Brotherhood (32 verbal commitments to date, 9 actives) d i ) ≒ Upgrade HVAC system Fall 2011 Spring 2012 p g ≒ Secure another 30 active monthly contributors ≒ Secure services of architect and develop detailed plans and budget ≒ Solicit funding for project Spring/Summer 2012 ≒ Finalize financing g ≒ Award construction contract ≒ Begin and finish construction (3 mo duration)
  • 11. The Housing Foundation needs a consistent and dependable stream of income to secure the financing necessary to design and renovate the house. Beta Nu has set a goal of 80 active monthly contributors donating an average of $32 per month. This level of financing will generate: $2,560 dollars per month $30,720 per year $153,600 over 5 years Funds in excess of debt service will be reserved for possible future purchase of adjoining property.
  • 12. What is the concept? 32 Brothers (members of Spring 1990 and 1995) have already committed to giving $32 a month for the next five years to the Beta Nu Housing Foundation (BNHF) by way of the Beta Nu Gives Back (BNGB) on line platform (http://www.betanugivesback.org/donate.html). These early adopters collective pledge will exceed $12K per year and $60K over 5 years. How do I become one of the 80 contributors? Option 1 (Paypal) If you are not already become a member of Pay Pal. Process will take 10 12 minutes max. Sg Sign up for BN Housing Subsc pt o opt o at http://www.betanugivesback.org/donate.html. o ous g Subscription option ttp // beta ug esbac o g/do ate t Option 2 (Automatic Monthly ACH draft) Contact Brother Charles Frazier (cfrazier@edchousing.com) to request routing and bank account number (i.e.., the number you receive will be a special purpose sweep account, not the Foundations main account number.) Next Steps: Sign up online or via ACH draft yourself and begin pledging immediately. Present this concept to your line, obtain commitments from as many as possible and respond to Brother Lorin Crenshaw (lorincrenshaw@yahoo.com) to confirm your lines 100% or partial commitment to joining this effort.
  • 13. How will the funds be administered? Funds will be transferred on a quarterly basis from BN Gives Back to the Beta Nu Alumni Housing Foundation, Inc. The Foundation will direct funds consistent with the 3 phase plan above. Quarterly reports related to this campaign will be posted on the BNGB website. As monthly cash flow grows a percentage of revenue will be Earmarked for scholarship It is scholarship. anticipated that the foundation will spend a higher percentage of revenue on charity as the housing goals are accomplished. Will the pledges be tax deduct b e t e p edges ta deductible? Not immediately. Neither Beta Nu Gives Back nor the Beta Nu Alumni Housing Foundation, Inc. are 501 c(3) organizations. Therefore donations would not be tax deductible as of today. The Beta Nu Alumni Housing Foundation is securing the services of a law firm to facilitate the document filings required to receive the 501c(3) status. The IRS tax exemption is expected by mid year 2012. However your donations given in 2011 may be deductible based on our success with the IRS Filing. This Process has started. When the IRS tax exemption is granted Brothers may redirect contributions toward it, making them tax deductible.
  • 14. Two levels of involvement have been established and will be members recognized during the 80th Anniversary celebration in 2012. However, it should be noted that records of all contributions will be kept and turned over to the Chapter historian. Any brother who wishes his contributions to remain anonymous may elect to do so. y y Foundation Members: Brothers who are active contributors to the chapter at the $15 to $32 level for 12 months or more will have their name engraved displayed on a plaque in the house as official members of The Beta Nu Alumni Foundation. The Chapman Club Brothers who contribute at the $32 dollar per month level or more for 12 months or more will have their name engraved and line information displayed on a plaque outside the house as officials members of the Chapman Club. Chapman Club Members will p p receive also receive a commemorative shirt in thanks for their contribution.
  • 15. The Foundation has engaged the services of an architect to begin the Th F d ti h d th i f hit t t b i th construction drawings for the project, with goal of going to permit by mid January. A contractor has been hired and has provided preliminary estimates of $60 65K p p y 5 for the complete project The 501(c)3 process has started. We anticipate making application to the IRS by the end of the year. Contributions should be tax deductible based on approval of the application application. The Foundation is reorganizing and formalizing new bylaws and mission statements. It is essential that chapter charity and scholarships flow through the foundation. This will ensure the viability of the 501(c) 3 status. The Foundation currently has approximately $6K in cash, $2K of which is reserved for property taxes.
  • 16. Raise an additional 5 ,000 dollars liquid in order to start construction by February R i dditi l d ll li id i d t t t t ti b F b 1,2012 Secure a minimum of 10 additional brothers to contribute at the Chapmen Level And 10 at the Foundation member level by Start of construction. This equates to y q an additional 450.00 per month of cash flow. Phase I &II to begin in February and conclude by April Phase III to begin June and conclude by September Make a Difference sign up Now : http://betanugivesback.org/donate.html Thank You to the Current Contributing Brothers Gregory Gilmore, Lorin Crenshaw, Eugene Waiters, Jerome Johnson, Justin Smith, Samuel Horton, Alonzo Clark, Brandon Alexander, Cecil Hobbs, Reggie Nickson Korey Taylor Mark , Jarrett Datcher Richard McCloud Nickson, Taylor, Datcher, McCloud, Jarrett Datcher, Korey Taylor, James Patrick, Christopher Shorter, Joel Johnson, Charles Frazier , Akil Hameed, William Miller, Brandon Toliver.