- Our BABFOYA program teaches teens and young adults financial responsibility. This is an 8-week program that gives participants the opportunity to open up a selected group business
[bg_collapse view=”button-blue” color=”#4a4949″ icon=”arrow” expand_text=”Show More” collapse_text=”Show Less” ]The BABFOYA (Building A Business for Our Young Adults) program is a 8-week program where Pen Pointe Foundation mentor’s teens and young adults on financial responsibility and life choices and helps them prepare a business plan for the business that the group chooses to open. Inside the 8-week program we teach the importance of money management, check book balancing, opening up a bank account, starting a business, filing the proper articles for a corporation or LLC, drinking and texting while driving, raising a family and its values, the consequences of one’s transgression and the cost of trouble that’s easy to get in but hard to get out of. To the participants in the class that needs a driver’s license and or want to learn how to drive, Pen Pointe will sponsor them and pay all fees due with the exception of them having to take a DUI and a victim impact panel class, given to 2 of our participating teen who can produce documents showing enrollment of 6 hours of college credit hours in a Community or University college $500.00 towards a down payment on their first car and we will also sponsor each member of the of the chosen company and give them each a $100.00 to open up a banking account with one of Pen Pointe Foundation bank institute sponsors. At the end of the 8-week program we will host several fund raiser events to raise money to open up the business for the group and business plan that was prepared to open up the business in the group name only and taking the proceeds from the fund raiser and opening up a business account for their business. The BABFOYA program was developed to help our teens and young adults to help them build a business and understand financial and family values which are needed in their generation today as it enables them to become financially stable and more family structured. Pen Pointe Foundation is a Non-Profit 501 (c) (3) that has partnered up with a DUI school, a commercial real-estate firm, a dealership and several bank institutions that will enable the foundation to perform all of its program obligations to our teens and young adults.[/bg_collapse]
- Curriculum of the BABFOYA Program
[bg_collapse view=”button-blue” color=”#4a4949″ icon=”arrow” expand_text=”Show More” collapse_text=”Show Less” ]The BABFOYA (Building a Business for Our Young Adults) program is a 8-week program where Pen Pointe Foundation mentors teens and young adults on financial responsibility, life choices, and helps them prepare a business plan for the business that the group chooses to open. Inside the 8-week program we teach the importance of money management, check book balancing, opening up a bank account, starting a business, filing the proper articles for a corporation or LLC, drinking and texting while driving, raising a family and it’s values, the consequences of one’s transgression and the cost of troubles that are easy to get in but hard to get out of. To the participants in the class that needs a driver’s license and or want to learn how to drive, Pen Pointe will sponsor them and pay all fees due, with the exception of them having to take a DUI and a victim impact panel class. Two of our participating teens that can produce documents showing enrollment of 6 hours of college credit hours in a Community or University college will receive $500.00 towards a down payment on their first car. We will also sponsor each member of the chosen company with a $100.00 to open up a banking account with one of Pen Pointe Foundation bank institute sponsors. At the end of the 8-week program we will host several fundraiser events to raise money to open up the business for the group. We will assist in preparing a business plan that is essential to open up the business in the group name only and take the proceeds from the fundraiser events to open up a business account for their business.The BABFOYA program was developed to help our teens and young adults build a business and understand financial and family values, which are needed in their generation today, as it enables them to become financially stable and more family structured.WEEK 1- Introduction of Pen Pointe
- Pair individuals into groups
- Talk about life choices
- Discuss potential business for each group to open
WEEK 2
Pick the group business idea Discuss preparation to prepare a business plan for the business selected Discuss financial stability and the importance of credit
WEEK 3
Lesson topics about drinking and driving and texting and driving Lesson topics about business credit and business marketing Lessons and topics about family values
WEEK 4
Lessons and Instructions on how to open a business and a personal account How to keep books and records for your business
How to apply for an EIN (Employment Identification Number) Tax ID for business
WEEK 5
Lessons on how to form your business as a LLC, Incorporation (S or C corp.) or an LLP Instructions on how to prepare a business plan
Lessons on research to prepare a business plan for the chosen business for the group Researching and developing a name for the business
WEEK 6
Banker to introduce their banking products for the business Research for the business plan the group is doing
Lessons on marketing the business
Lessons on developing the website for the business
Secure an URL domain for the business and its website Developing a company e-mail address with the domain
WEEK 7
Lessons on working and marketing capital for the business Lessons on workers comp insurance for the business locating a lease space for the business
Form the business as a LLC or Incorporation online
Apply for the business EIN number from the IRS online
WEEK 8
Finalizing the business plan for the business A DUI/DWI and a victim impact panel class instructor to brief group on the importance of driving under influence and drinking and driving, organizing fundraiser events for the group business to open up a business account for the chosen group business, going to the site to view the space for the business.
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- Our ISTB program offers assistance to small business owners in getting them a business loan.
- We also offer business plans and business summaries for entrepreneurs to help create a strategy for development and growth.
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Pen Pointe Foundation
ISTB PROGRAM
The ISTB (In Side The Business) Program is developed to offer assistance to small business owners by assisting them in getting properly formed with a LLC, LLP or Incorporation and obtain an E.I.N and D&B number, preparing a business plan for their company that will enable them to qualify for a small business loan which will provide marketing and working capital, help develop a strategic marketing plan to attract more business to the company, locate an office space and negotiate or renegotiate their lease space. Pen Pointe Foundation also assists within construction build out, remodeling, redevelopment, planning and zoning and business licensee’s permits.
The ISTB program allows any small business rather a start up or pre-existing to qualify for assistant from the program unless a company’s annual gross sales has exceeded 5 million dollars in annual sales.
Pen Pointe Foundation is a Non Profit 501 (c) (3) organization that has partnered up with a commercial real-estate firm, several bank institutions, tax and accountant firms, commercial lenders, construction companies, urban development groups, business proposal preparer’s and professional grant writers that will enable the foundation to perform all of its program obligations to our small business owners.
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Assist former prisoners with transitioning back into society and helping them with job placement
Pen Pointe Foundation
IRE PROGRAM
The IRE (Inmate Re-Entry) Program is developed to aid convicted felons, parolees and probationers and all other incarcerated men and women adjust back into society, create, assist and find employment or help establish a business for the individual.
We aim daily to help stop jail and prison recidivism repeat itself by providing programs that consist of mentoring, job placement, business development, life skills, (Choices You Make) management and education.
The IRE program assists any of its participants that has been a part of the classes or mentoring programs with obtaining their driver’s license or state issue id if needed by paying and providing transportation to the DMV that’s close to their residence.
Pen Pointe Foundation is a Non Profit 501 (c) (3) organization that has partnered up with a commercial real-estate firm, several bank institutions, tax and accountant firms, commercial and residential lenders, construction companies, urban development groups, business proposal preparer’s, film industry companies and courier/transportation companies that will enable the foundation to perform all of its program obligations to all participants of the IRE program to help re-adjust back into society.
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Events
