BTCCGL March 24th Presentation

BHARATIYA TEMPLE & CULTURAL CENTER OF GREATER LAFAYETTE03/24/2012

WE NEED A SHARING PLACE

Share our beliefs Share our talents Share our culture Share our knowledge Share our successes Share our friendships Share our support to

others

SURVEY RESULTS

FOUNDING GROUP

Umesh & Monal Vishal & Shilpa Sunil & Hema Parashar & Neetu Indrajeet &

Shraddha Amit & Meghna

Bhavin & Shalini Jagdish & Surekha Niraj & Rani Subra & Padma

INITIAL MILESTONESDate Milestone

Nov 20th, 2011 First formal meeting

Dec 8th, 2011 Community Survey

Jan 15th, 2012 Organization Established

Feb 7th, 2012 Organization Registered with IRS and State as non-profit organization

Feb 9th, 2012 Bank Account opened

Mar 4th, 2012 Constitution approved

ORGANIZATION MISSION To share, foster and promote Indian culture

and religions of Indian origin in the community.

To establish a permanent place of worship, such as a temple.

To establish a center for the community to promote social interactions through sharing of knowledge, culture and talents.

To provide a venue for charitable and educational activities based on peace, love, justice, truth and harmony.

To promote friendship and goodwill among people of all religions

THE CORE VALUES

Have respect and tolerance for all religions and religious practices of the world.

Be tolerant of the beliefs and practices of all individuals

Provide equal access to all members irrespective of their contributions to the organization.

The BTCCGL temple and organization shall be sensitive to all religions and sects of Indian origin.

MEMBERSHIP AND ORGANIZATION

Follows a religion of Indian origin, for example but not limited to Hinduism, Buddhism, Jainism, Sikhism.

Constitution emphasizes decisions being made by the organization’s members.

Two basic types of members (general and life)

An elected Executive Committee (President, Secretary, Treasurer, and 4 other Officers)

Trustees (3 to 5)

FINDING THE PLACE

Several opportunities were explored Current promising prospect

1210 Montgomery Street, W. Lafayette Over 16,000 sq. feet, conveniently located,

large gathering hall (capacity of 300+), kitchen, several small to medium rooms, parking

Bank owned On bus route

LOCATIONCumberland Ave

Montgomery Street

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LATEST MILESTONESDate Milestone

Feb 28th, 2012 Property identified that would meet community’s needs

March 4th, 2012

First life members make initial donationsBank account balance $16,000

March 9th, 2012

Bid on property accepted for $415,000 with $10,000 earnest money deposit

Mar 24th, 2012 First puja event of BTCCGL

PURCHASE PROPOSAL DETAILS

Price: $415,000 ($25.95 per sq. ft.) Estimated Market Value: $80+ per sq.

ft. Contingent on the following:

Approval from Executive Committee and majority of membership in 45 days after acceptance from seller

Acceptable building inspection by BTCCGL designated inspectors

Ability to secure financing for purchase

ESTIMATED FINANCIALSOne Time Expenses

Property purchase $415,000

Renovation and Repair

RoofHVACOther

$29,500$45,000$10,500

Total $ 500,000

Estimated Monthly Expense

Bank loan payment $3,145

Utilities $3,000

Insurance $600

Miscellaneous $710

Maintenance $860

Total $ 8,315

FUNDING GOALS

Raise $250,000 Funding Threshold $220,000

$150,000 for principal $100,000 for first year of operations Donations and Pledges to Date: $33,511This will get us into a building that will be

functional for our needs. Further work and investment will be required to have a fully operational temple.

NEXT MILESTONES

May 4th, 2012 Approval by membership and executive

committee Raise funds for down payment ($150,000)

and first year’s expenses Complete evaluation of building

June 1st , 2012 Closing and payment.

ACTIONS IN THE NEXT 45 DAYS

Membership Drive Family ($151 / year) Individual ($101/year) Student ($25/year) Life (Family) $2000 Life (Individual) $1500

ACTIONS IN THE NEXT 45 DAYS

Fundraising Membership Major supporters Corporate supporters

All donations are tax deductible contributions

INITIAL FUNDING

Source Amount

General Members (100) $15,100

Life Members (50) $100,000

Major Supporters $100,000

Corporate Supporters $10,000

Fund Raising Events $25,000

Total $250,100

PROPOSED ONGOING REVENUE MODEL

Funding Sources

Family memberships (100 @ $151)

$15,100

Student memberships (100 @ $25)

$2,500

Life memberships (10 @ $2,000)

$20,000

Rental income $30,000

Major Supporters $40,000

Corporate Supporters $10,000

Other Donations $10,000

Total $127,600

WHAT WE NEED NOW

Members Volunteers to support the cause More members show the organization’s

strength to banks who might provide us loans. Let friends know of organization.

Donations or Pledges Donate to be a life member now or even more Make a pledge to donate that is conditional on

BTCCGL reaching the fund raising goal.

RESOURCES

http://www.btccgl.org Email: info@btccgl.org Facebook: http://facebook.com/btccglin Phone: 765 831 BTCC (2822) Any member

QUESTIONS