Some thoughts on the foundation:
( Possible ) Mission Statement: To put new or gently used bicycles into the hands of children who need them.
How to discern good candidates for bicycles, do we need two references ?
We would like to be totally transparent with finances on the web page – post our finances in public
Is 90% of funding toward bicycles sustainable ?
Should we do a fund raiser? What ?
Should we deliver bikes whenever we have funding, or pick a spring/summer date and a winter/Christmas date
How can we do business, should we find local bike shops – try to get a value from a vendor
Never borrow money, just wait if we fall short
Stay people focused
What are realistic goals
year one was three bikes financed by us
should our five year goal be fifteen bikes, 100 bikes, 1,000 bikes
Do we have any liability – how do we manage that, do we need to add helmets to go with the bikes ?
Can we do T-shirts for volunteers who donate a bike and send a picture
Things to get:
Bank Account ( check )
Logo – ( need a new/improved )
Letterhead ( the State needs it to apply )
Register with the state
Register with the IRS for tax exempt
Lots of questions, still it’s fun to see if we can make it go.