Helping Our Young Black Men by Giving Real-life Examples

What is the project about?

My website will help single mom's and frustrated single dads with their out-of-control young boys. Although we will help any single parent of any race we are targeting African American boys and young men.

We will allow them access to Recorded and Live webinars featuring African American mentors from all walks of live. Such as: police officers, Pastors, business owners, teachers, principals, mechanics, etc.

There will be time for questions and answers, action plans for success and much more.

We will also make ourselves available for phone or online one-on-one talk sessions to allow them to express themselves and have someone who cares listen.

How will we use the funds?

I will use 100% of the funds to expand the website and market to single parents online and newsprint.

Why am I doing this?

Because I work in our community and I understand that we are all good inside but some of us are misguided. I've hired several people for my company that had a criminal record and I sat down with them and listened and gave them a 2nd chance, sometimes a 3rd!

I'm also on the board of a Charter school and I see first hand that there are some children that need special attention before they are lost.

http://blackcrowdfundingnet.towema.com/en/projects/366

Comments

Crowdfunding Accounting 101 - Revenue Recognition in Crowdfunding

A start-up using crowd funding to create a product is different from a normal company. The start-up has cash inflows from donations but does not have a product, yet. In this situation, we recommend using completed-contract method to recognize revenue. Under this way of thinking, we assume the start-up is akin to a project or a long-term contract. The crowdfunding company will find it difficult to estimate the revenue from crowdfunders and, hence, the cost of rewards or perks. Under International Financial Reporting Standards (IFRS) and GAAP guidelines, if the firm cannot reliably measure the outcome of the project, revenue should be recognized based on contract costs. These costs should be expensed when incurred. Profit is recognized only at the completion of the project. In summary, for crowdfunding companies, revenue, expense, and profit are recognized only when the crowdfunded product is actually manufactured. 1 For example, assume that AAA Corp. wants to manufacture bicyc...

Top 50 Crowdfunding Campaigns: Fifty Most Successful Crowdfunding Campaigns

Top 50 Crowdfunding Campaigns: Fifty Most Successful Crowdfunding Campaigns Kindle Edition https://www.amazon.com/gp/product/B00RKK4NL0/ref=dbs_a_def_rwt_bibl_vppi_i0

Top 50 Crowdfunding Campaigns

The chart below results from an analysis of the Top 50 crowdfunding campaigns on Indiegogo, 'Top' measured by total dollars raised. The X axis shows the dollar amount of the reward or perk ($1 to $10, $11 to $20, etc.) The Y axis shows the cumulative number of rewards/perks collected across all 50 campaigns, so the chart shows that, for the top 50 crowdfunding campaigns on Indiegogo, 100,000 rewards/perks with a value ranging from $1 dollar to $10 dollars were selected by supporters. Normally, we might expect this chart to be convex, declining steadily from $1 to $5000. This is not what we see, however. It seems that people are willing to donate small dollar amounts, up to about $50, and then contributors look to donate at least $100. What's going on here? To explain this phenomenon, classify backers into two categories: 1. The first category are people who simply want to help. They donate less than $50 dollars and do not donate for the reward (normally a T-shi...

Crowdfunding Now!

Search This Blog