The Barnabas Group Chicago Presenting Ministry Impact Summary
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1 The Barnabas Group Chicago Presenting Ministry Impact Summary Presenting Ministry and Contact Person: Entrenuity/Moxe, Led by Brian Jenkins, Date of Presentation: May 2016 Barnabas Application: See attached Ministry Vision and Mission: Entrenuity to prepare young people for success through experiential entrepreneurship and spiritual development training. Moxe to build a strong business- focused community that supports ethnic diversity and fosters the spirit of entrepreneurial collaboration for success. Ministry Website: Presenting Ministry Asks: Secure 3 Moxe Business Coaches (see Moxe Business Coach Description) Secure 5 Moxe Professional Development Workshop Leaders (branding, financials, pitch) Secure 1 banker w/small bus. exper. to help oversee/grow Duncan Legacy Fund (Loan Fund) Major Prayer Request: Opportunities to connect and share the mission/vison of Entrenuity with Christian business owners and family foundations interested in business development in the urban context. MAP Session Team/TBG Engagement: (Name, Title, Linked In Link) - Larry Mollner - Ralph Kendrick - Angela Jackson Additional Documents: Ministry Presentation Request to Chicago Barnabas Board (attached)
2 MAP Session Summary/TBG Chicago Collaboration and Impact Stories: The greatest value added TBG Chicago had to Entrenuity was relationships. As a result of presenting in May of 2016 Brian Jenkins was able to connect with Larry Mollner who was then able to connect Brian to Tom Sosnoff of Tastytrade. Tom, an accomplished investor and market expert, presented a four week course for Moxe members and others on investing that was invaluable for attendees. Additionally, Brian was able to recruit 3 business coaches for Entrenuity: Angela Jackson, Ralph Kendrick and an additional individual. Additional Comments/Feedback: 1. Enjoyed the model where tons of advice is not shared at quarterly meeting but rather outside of meeting in an ongoing partnership model. 2. People partnering with organizations that are industry experts matched with the asks strategically is in credibly helpful. 3. The partnership between ministries and TBG Chicago members is essential so that both parties are thriving in the work. 4. Opportunities for connections are the most important.
3 ENTRENUITY PAGE 1 OF 2 A. CONTACT INFO Ministry Name Entrenuity, NFP CEO Name & Title L. Brian Jenkins Primary Contact & Founder & President Title Address, City, State, 1550 S. State Street, Suite 101, Chicago, IL Zip Phone Fax bjenkins@entrenuity.com Website new website launching May 2016 B. KEY INFO Year Founded 1999 Total Employees (FT & PT) 1 FTE & 2 PTE Total Volunteers 5 Total Board Members 3 Total Donors (last 24 9 months) Organizational [ ] Evangelical Council for Financial Accountability Memberships (ecfa.org) [x] Christian Community Development Association (ccda.org) [ ] Other: [ ] Other: Is your IRS 990 form available for public inspection? Do you have an annual audited financial statement that meets ECFA s Standard No. 3 and is available to the public? [x] Yes [ ] No [x] Yes [ ] No [ ] We will meet this standard by (date): C. FINANCIAL INFO (per ECFA reporting categories Last Fiscal Year Actual Current Fiscal Year Budget Estimated Budget Following Year INCOME Donated Income 103, , ,000 All Other Income 1,285 14,550 25,000 Total Income 104, , ,000 EXPENSE Program Services 50,000 35,000 75,000
4 General & 40,963 81, ,000 Administrative Fundraising 0 3,000 5,000 Total Expense 90, , ,000 D. OUR ELEVATOR SPEECH (external) Brand Promise (slogan or tagline) Entrenuity Turning students into Business Leaders with Character Moxe Coaching, Connecting, Capitalizing What do you do? (50 words or less) Provide youth and adult direct entrepreneurship training, facilitator training and business development services. Key Endorsements (people or organizations) Our BHAG (Big Holy Audacious Goal) is: The Soderquist Family Foundation, Ozinga Family Foundation, Code Family Foundation, North Park University, Moody Bible Institute, Wheaton College, Gallup Inc., Entrenuity Train/resource 60 Entrenuity Facilitators from urban churches/ministries to train 900 youth in entrepreneurship fundamentals and launch 5 new businesses by May Moxe Coach, Connect, Capitalize & 5 African- American/Hispanic startups to become Moxe Residents and apply for capital from the Duncan Legacy Fund (DLF) by December The Barnabas Group Faith Works Team Ministry Presentation Report (Version 5.0) ENTERNUITY PAGE 2 OF 2 E. THE FIVE DRUCKER QUESTIONS (internal) From: The Peter F. Drucker Foundation Self- Assessment Tool: The Five Most Important Questions Every Nonprofit Organization Must Ask (leadertoleader.org) 1. What is our mission? Entrenuity to prepare young people for success through experiential entrepreneurship and spiritual development training. 2. Who is our customer? Moxe to build a strong business- focused community that supports ethnic diversity and fosters the spirit of entrepreneurial collaboration for success. Our PRIMARY customer is: Entrenuity Christian urban youth leaders/workers serving in urban churches/ministries in the US. Moxe new or existing adult entrepreneurs, with no or limited formal business training, seeking to be coached and connected to launch their business. Our SUPPORTING customers are:
5 3. What does the (PRIMARY) customer value? 4. What have been our results? Entrenuity s supporting customers are community organizations, churches and colleges/universities that contract with Entrenuity to provide direct training services. Entrenuity s primary customers value simple- solution oriented entrepreneurial training tools and resources. Moxe s primary customers value an opportunity to network with entrepreneurs, attend professional workshops and events, along with learning basic business execution steps. Entrenuity has trained over 1,100 students, launched 43 youth businesses that have generated over $585,000 in gross sales, trained 750 facilitators in the US and abroad. Moxe s soft launch is in June 2016 so there are no measureable results to report beyond rentals and classes at this time. 5. What is our plan? Entrenuity train, identify and capitalize high- potential (HIPO) youth for business formation. Retain talent in urban communities. Moxe identify 5 adult businesses to become Moxe Residents. F. S.W.O.T. ANALYSIS STRENGTHS WEAKNESSES OPPORTUNITIES THREATS Experience Prods/Srvcs. Financials Bridge Building Visibility Board of Dir. Prod. Develop. Timing Coaching Connecting Capitalizing Collaboration Moxe Residents Public Relations R & D Moxe Comm. Mngr. Isolation G. THREE STRATEGIC WAYS FOR TBG MEMBERS TO BECOME INVOLVED No. Opportunity/Task/Volunteer Role Target Date 1 Secure 3 Moxe Business Coaches (see Moxe Business Coach Description) Now 2 Secure 5 Moxe Professional Development Workshop Leaders (branding, July 2016 financials, pitch) 3 Secure 1 banker w/small bus. exper. to help oversee/grow Duncan Legacy Fund June 2016 (Loan Fund) Major Prayer Request: Opportunities to connect and share the mission/vison of Entrenuity with Christian business owners and family foundations interested in business development in the urban context. H. We d like TBG members to discuss this URGENT QUESTION at the event. Describe where you need guidance on solving a problem overcoming an obstacle or re- inventing a program, etc. Our URGENT QUESTION is: How can Barnabas Members connect Entrenuity entrepreneurs to meaningful business opportunities to help their business grow profitably? How can Barnabas Members help Entrenuity entrepreneurs with preparation for investment capital? How can Barnabas Members increase the visibility of organizations like Entrenuity to Christian family foundations and business owners?
6 Ministry presentation request to Chicago Barnabas Board Thank you for your interest in Chicago Barnabas and your interest in presenting your ministry at a Barnabas meeting. Chicago Barnabas exists to link marketplace volunteers with ministry opportunities. We appreciate your interest and to help the board in its decision we would ask you to complete the following request. If you have any questions at any time in the process, please contact Gordon Murphy gordon.murphy@barnabasgroup.org and Ministry name: Entrenuity Ministry contact: L. Brian Jenkins Contact bjenkins@entrenuity.com Contact phone: Ministry website: Last year s total revenue amount: $145,000 for FY Number of full time staff and number of part time staff: 1 FTE/2 PTE Year ministry started (or year when initiative of a larger organization was started): 1999 How do your mission and vision statements read? Our existing mission and vision statements are below. However, we are currently updating the mission and vision statements to accurately reflect our expansion of working with adults through our new business incubator, MoxE, with an official launch in May Our mission is to prepare young people for true success through experiential entrepreneurship and spiritual development training. Our vision is to equip educators (home school included), pastors, and youth workers with entrepreneurship education as an outreach tool to the community and as a stewardship training program for youth. What are the primary activities (the main thrust) of the ministry? (not more than two paragraphs) Entrenuity provides: Adult Facilitator Training Classes, Youth Entrepreneurship Classes, Adult Entrepreneurship Classes, Business Coaching, Co- Sharing Incubator, Business Professional Development Workshops and Business Loans targeting African- American and Hispanic entrepreneurs. Presenting ministries are Christ centered. How is that defined in the ministry? (not more than one paragraph)
7 Entrenuity incorporates Christian based principles into our direct training services for youth and adults when possible. We use multiple approaches to teach Christian values and principles by our actions along with our words. In order for a person to apply for funding from the Duncan Legacy Fund (business loan fund), they must be a Believer. Who are the Chicago Barnabas members if any already involved in the ministry? Larry Mollner & Mark King What are 1 or 2 successful stories you have with engaging Barnabas- like members in the ministry that did NOT involve funding? (not more than two paragraphs) Larry has connected me with a colleague in the financial services industry who is interested in leading investment classes to expose more African- American men/women to opportunities in the financial services industry. Mark has provided valuable insights and wisdom regarding launching the Duncan Legacy Fund. Mark may also share his insights on a StartingUp Now Talk (SUN Talk) that helps provide insights to Entrenuity students, youth and adult, on venture capital. What are the 2 or 3 specific functions or areas where the ministry would use Barnabas marketplace leaders, i.e. what are the business leadership and management areas where volunteers would work? This is the hardest part. The needs can't be financial, but rather talent needs. [NOTE it is recommended that ministries have an entry level, a first step for marketplace leaders to be involved. How do they test the waters of working with the ministry?] (not more than two or three paragraphs) MoxE Business Coaches with the launching of MoxE, we are in need of business coaches from various industries to help guide new or existing entrepreneurs through their startup challenges. We have a MoxE Business coaching job description outlining what coaching entails. MoxeE Professional Development Workshop Leaders MoxE will host workshops on specific business related subjects led by experts or professionals. These workshops are designed to offer perspective, insights and guidance for first time entrepreneurs. Duncan Legacy Fund We are in need of someone from the banking industry to help guide us with loan making decisions. Ideally this person would have banking experience and in the area of small business loans. We would like to grow the fund and ultimately create a crowd funding platform too. What is your follow up plan to connect with Barnabas volunteers within the first few days after a presentation? (not more than one paragraph) I would schedule a group follow- up meeting to share more information about Entrenuity, our Team along with the expectations of the Business Coaching, Professional Development Workshops and the Duncan Legacy Fund. For business coaches I would introduce a listing of the existing entrepreneurs we are working with along with our matchmaking process. For workshop leaders they will identify their specific
8 expertise, workshop title, description and how it will best serve the entrepreneur. For the Duncan Legacy Fund the person would learn about our guidelines, structured deals and existing loan models. If the ministry presented right now, what would be the Big Question that the ministry would want Barnabas members to help answer? The Big Question is an immediate challenge or opportunity the ministry is facing. (not more than one paragraph) Can Barnabas members connect Entrenuity entrepreneurs to meaningful business opportunities to help their business grow profitably? Can Barnabas members help with specific business needs such as product placement, marketing, legal services, financial plan guidance, etc. Prior to submitting a request, it is necessary that the ministry leader presenting must have attended one previous Chicago Barnabas meeting. Decisions to present at a Barnabas meeting are based on the following: The ministry is clearly Christ centered; The ministry has 2 or 3 specific business talent needs; There seems to be a match between what the ministry needs and what Barnabas volunteers are able to do to assist; Where there are numerous ministries requesting to present, there will be a diversity of ministries selected for each meeting; Priority is given to ministries where Chicago Barnabas members are already engaged; Priority is given to ministries which are based or have a strong presence in the Chicago area; Priority is given to ministries where the CEO or Ex Dir makes the presentation; The ministry presentations will not be used to ask Barnabas members to contribute money.
9 C. CONTACT INFO Ministry Name ENTRENUITY SNAPSHOT FORM PAGE 1 OF 2 Entrenuity, NFP CEO Name & Title L. Brian Jenkins Primary Contact & Title Founder & President Address, City, State, Zip 1550 S. State Street, Suite 101, Chicago, IL Phone Fax bjenkins@entrenuity.com Website -- new website launching May 2016 D. KEY INFO Year Founded 1999 Total Employees (FT & PT) 1 FTE & 2 PTE Total Volunteers 5 Total Board Members 3 Total Donors (last 24 months) 9 Organizational Memberships [ ] Evangelical Council for Financial Accountability (ecfa.org) [x] Christian Community Development Association (ccda.org) [ ] Other: [ ] Other: Is your IRS 990 form available for public inspection? Do you have an annual audited financial statement that meets ECFA s Standard No. 3 and is available to the public? [x] Yes [ ] No [x] Yes [ ] No [ ] We will meet this standard by (date): C. FINANCIAL INFO (per ECFA reporting categories Last Fiscal Year Current Fiscal Year Actual Budget Estimated Budget Following Year INCOME Donated Income 103, , ,000 All Other Income 1,285 14,550 25,000 Total Income 104, , ,000 EXPENSE Program Services 50,000 35,000 75,000 General & Administrative 40,963 81, ,000 Fundraising 0 3,000 5,000 Total Expense 90, , ,000 I. OUR ELEVATOR SPEECH (external) Brand Promise (slogan or tagline) Entrenuity Turning students into Business Leaders with Character Moxe Coaching, Connecting, Capitalizing What do you do? (50 words or less) Provide youth and adult direct entrepreneurship training, facilitator training and business development services. Key Endorsements (people or organizations) Our BHAG (Big Holy The Soderquist Family Foundation, Ozinga Family Foundation, Code Family Foundation, North Park University, Moody Bible Institute, Wheaton College, Gallup Inc., Entrenuity Train/resource 60 Entrenuity Facilitators from urban
10 Audacious Goal) is: churches/ministries to train 900 youth in entrepreneurship fundamentals and launch 5 new businesses by May Moxe Coach, Connect, Capitalize & 5 African-American/Hispanic startups to become Moxe Residents and apply for capital from the Duncan Legacy Fund (DLF) by December The Barnabas Group Faith Works Team Ministry Presentation Report (Version 5.0) ENTERNUITY PAGE 2 OF 2 J. THE FIVE DRUCKER QUESTIONS (internal) From: The Peter F. Drucker Foundation Self-Assessment Tool: The Five Most Important Questions Every Nonprofit Organization Must Ask (leadertoleader.org) 1. What is our mission? Entrenuity to prepare young people for success through experiential entrepreneurship and spiritual development training. Moxe to build a strong business-focused community that supports ethnic diversity and fosters the spirit of entrepreneurial collaboration for success. 2. Who is our customer? Our PRIMARY customer is: Entrenuity Christian urban youth leaders/workers serving in urban churches/ministries in the US. Moxe new or existing adult entrepreneurs, with no or limited formal business training, seeking to be coached and connected to launch their business. 3. What does the (PRIMARY) customer value? 4. What have been our results? Our SUPPORTING customers are: Entrenuity s supporting customers are community organizations, churches and colleges/universities that contract with Entrenuity to provide direct training services. Entrenuity s primary customers value simple-solution oriented entrepreneurial training tools and resources. Moxe s primary customers value an opportunity to network with entrepreneurs, attend professional workshops and events, along with learning basic business execution steps. Entrenuity has trained over 1,100 students, launched 43 youth businesses that have generated over $585,000 in gross sales, trained 750 facilitators in the US and abroad. Moxe s soft launch is in June 2016 so there are no measureable results to report beyond rentals and classes at this time. 5. What is our plan? Entrenuity train, identify and capitalize high-potential (HIPO) youth for business formation. Retain talent in urban communities. Moxe identify 5 adult businesses to become Moxe Residents. K. S.W.O.T. ANALYSIS STRENGTHS WEAKNESSES OPPORTUNITIES THREATS Experience Prods/Srvcs. Financials Bridge Building Visibility Board of Dir. Prod. Develop. Timing Coaching Connecting Capitalizing Collaboration Moxe Residents Public Relations R & D Moxe Comm. Mngr. Isolation L. THREE STRATEGIC WAYS FOR TBG MEMBERS TO BECOME INVOLVED
11 No. Opportunity/Task/Volunteer Role Target Date 1 Secure 3 Moxe Business Coaches (see Moxe Business Coach Description) Now 2 Secure 5 Moxe Professional Development Workshop Leaders (branding, financials, pitch) July Secure 1 banker w/small bus. exper. to help oversee/grow Duncan Legacy Fund (Loan June 2016 Fund) Major Prayer Request: Opportunities to connect and share the mission/vison of Entrenuity with Christian business owners and family foundations interested in business development in the urban context. M. We d like TBG members to discuss this URGENT QUESTION at the event. Describe where you need guidance on solving a problem overcoming an obstacle or re-inventing a program, etc. Our URGENT QUESTION is: How can Barnabas Members connect Entrenuity entrepreneurs to meaningful business opportunities to help their business grow profitably? How can Barnabas Members help Entrenuity entrepreneurs with preparation for investment capital? How can Barnabas Members increase the visibility of organizations like Entrenuity to Christian family foundations and business owners? Thanks for limiting your report to 2 pages! The Barnabas Group Faith Works Team Ministry Presentation Report (Version 5.0)
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