top of page
STRATEGIC PLAN
PLAN HIGHLIGHTS:
-
A sustainable, independent economic model that does not require outside funding.
-
A transparent corporate structure to manage the expansive operations of the BAF.
-
All programs and services are free or at-cost to BAF members.
-
A $15 an hour minimum wage for all BAF employees.
-
Over 10,000 jobs created in Year 1 alone.
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”
OUR PLAN OF ACTION!
The Black Achievement Fund's Strategic Plan is as simple as its economic plan. Once we reach our 10 Million Member/$1 Billion campaign goal we will be 100% ready to begin implementing our comprehensive Black economic and community development agenda.
During the campaign we will be interviewing and hiring the best and brightest Black people across the country to run all of our programs and services. We have created a sustainable economic model to perpetually fund all of our programs and services independent of any outside capital. We have also created a corporate structure that allows all of our members to have a voice in how funds are allocated and how leadership is selected.
Black Achievement Fund leadership will always operate with integrity, full transparency and honor.
REVENUE MODEL
10 Million Members
+ $9 A Month
= $90 Million A Month/$1.08 Billion A Year
SIMPLE, AFFORDABLE, SUSTAINABLE, INDEPENDENT
The Black Achievement Fund's revenue model is basic collective economics: 10 million members contribute a minimum of $9 a month to the BAF (there are over 50 million Black people in America" ). This totals $90 million a month, $1.08 billion a year in revenue. This revenue funds all BAF programs and services, including the salaries of thousands of BAF employees.
All assets owned by the BAF - all of the land, housing, manufacturing plants, hospitals, convenience stores, community centers, schools, etc., will be collectively owned by BAF members. In addition, the BAF will operate businesses, programs and services that create profit, which will be recycled back into the BAF. None of our programs or services require any outside funding, which makes us one hundred percent independent.
OUR WORLD IS IN OUR HANDS. TOGETHER WE RISE!
5-YEAR PROJECTED BUDGET
Revenue Analysis
100% of the Black Achievement Fund's revenue comes from monthly membership contributions and profits generated through BAF businesses and services. This means that the BAF's programs and services are all funded by Black capital. Through an affordable, $9 a month membership fee we are able to attract and retain members, and thus sustain our operations without the assistance of outside capital. In Years 2-5 we anticipate gradual increases in membership as well as the average member contribution. In addition, the BAF will begin making substantial capital from our Credit Union and other businesses and services. By Year 5, we project nearly $3 billion in annual operating capital.
Personnel Expense Analysis
The Black Achievement Fund will hire the brightest minds in Black America to fill the thousands of jobs it creates. The above Personnel Expenses refer only to the executives hired to manage the general operations of the Black Achievement Fund. Each of our 12 Program Departments have independent budgets that include funds to pay their personnel. As you see, the Black Achievement Fund is offering very competitive salaries, which will enable us to attract the most qualified candidates available for each position. In addition to their salaries, the BAF offers a comprehensive benefits package that includes healthcare, 4-weeks paid vacation, 8-weeks paid maternity and paternity leave, and other perks. The total personnel expense to operate the Black Achievement Fund comes to slightly over $30 million a year, which is less than 4% of the BAF's annual budget.
Program Expense Analysis
The Black Achievement Fund has 12 Program Departments to carryout its comprehensive Black economic and community development agenda. Each of these departments is allocated an independent budget to fund its department's programs and services as well as its personnel. For example, Doctors and Dentists are paid directly out of the Health and Wellness Department's budget, teachers salaries are paid out of the Education Department's budget, and bankers salaries are paid out of the Banking Department's budget. As you can see, virtually all of the capital generated by the Black Achievement Fund goes directly towards programs and services, which includes the salaries of thousands of employees who will be coming from the Black community.
Operating Expense Analysis
The Black Achievement Fund's operating budget for Year 1 totals less than $26 million, which is less than 3% of the BAF's total annual operating budget. The BAF's operating expenses include capital to build a $70 million state-of-the-art headquarters, an official President's home, and 50 BAF branch offices that will serve as the local BAF administrative centers. While they are listed here as expenses, this real estate becomes a valuable component of the BAF's asset portfolio. In Years 2 and 3 the BAF will purchase corporate jets, which will substantially increase our operating costs for those years. However, in Years 4 and 5 the BAF's operating expenses will decrease by over 50% from Years 2 and 3.
ORGANIZATIONAL MANAGEMENT
Organizational Management Analysis
The Black Achievement Fund has divided the country into 5 regions for easier management. Each region contains approximately 10 million Black people and is managed by a Regional Director. Within each region there will be local BAF administrative branches (5 branches in each region in Year 1, and 10 branches in each region by Year 5). Each local BAF branch will be managed by a BAF Branch President, who will initially be appointed by the BAF executive leadership and subsequently elected by local BAF members. The job of the local Branch Presidents is to consult with BAF members within their community to decide what the funding priorities should be for their particular community. Branch Presidents submit their budget priorities to their Regional Director, who then consolidates all of the budgets into one Regional Budget to be submitted to the BAF executive leadership team for formal approval. Through this management structure, BAF members have a direct voice in how BAF funds are allocated in their community.
ORGANIZATIONAL CHART
* Not available on mobile version!
Board of Directors
General Counsel
President/CEO
Vice President
President's Chief of Staff
Senior Executive Officers
Regional Directors
Department Chairs
Branch Presidents
BAF Members
Organizational Chart Analysis
The Black Achievement Fund has divided the country into 5 regions for easier management. Each region contains approximately 10 million Black people and is managed by a Regional Director. Within each region there will be local BAF administrative branches (5 branches in each region in Year 1, and 10 branches in each region by Year 5). Each local BAF branch will be managed by a BAF Branch President, who will initially be appointed by the BAF executive leadership and subsequently elected by local BAF members. The job of the local Branch Presidents is to consult with BAF members within their community to decide what the funding priorities should be for their particular community. Branch Presidents submit their budget priorities to their Regional Director, who then consolidates all of the budgets into one Regional Budget to be submitted to the BAF executive leadership team for formal approval. Through this management structure, BAF members have a direct voice in how BAF funds are allocated in their community.
bottom of page