Zionsville Community Development Corporation (ZCDC)

MEETING OF THE ZIONSVILLE COMMUNITY DEVELOPMENT CORPORATION (“CDC”) Friday, May 14, 2021 8:30 a.m. Electronic Video Meeting (Zoom) Utilize the following link to join the meeting: https://us02web.zoom.us/j/88991064870 Or join via Telephone: +1-301-715-8592; +1-312-626-6799; +1-646-558-8656; +1-253-215-8782; +1-346-248-7799; or +1-669-900-9128 Webinar ID: 889 9106 4870 AGENDA 1. Call to Order 2. Recognition of Quorum 3. Grant Request Presentation A. zWorks: 85 East Cedar Street, by Vickie Hall 4. Old Business A. Discussion regarding objectives, goals, and budget of the Community Development Corporation for 2021. 5. Other Business 6. Adjourn 3/31/2021 https://www.zionsville-in.gov/Admin/FormCenter/Submissions/Print/3175 Print Community Enrichment Grant Application - Submission #3175 Date Submitted: 3/30/2021 Link to PDF Community Enrichment Grant Details Eligibility Eligible non-profit organizations are located in Boone County and serve Zionsville residents and businesses. Funding must be used for charitable purposes as defined by section 170 (b)(1)(A). Awards are made without discrimination as to age, color, race, religion, sex, disability, veteran status or national origin, and only to eligible recipients that do not unlawfully discriminate on these same criteria. Grant applications are accepted on a rolling basis. Awards are made on a semi-annual basis. In 2021, the award dates are April 30 and September 30. To be considered for the next funding cycle, applications are due at least 30 days before the award date (i.e., applications are due March 30 for April 30 funding). Applications submitted within 30 days of award distribution will be considered for the next distribution. Name of Organization* zWORKS First and Last Name of Primary Contact at Organization* Vickie Hall Email Address for Primary Contact* vhall@zworks.org Phone Number* 317-408-0234 Organization Address* 85 E. Cedar Street, Zionsville, IN. 46077 https://www.zionsville-in.gov/Admin/FormCenter/Submissions/Print/3175 1/4 3/31/2021 https://www.zionsville-in.gov/Admin/FormCenter/Submissions/Print/3175 Name of Project or Program* Economic development engine for Zionsville Total Amount of Grant Request* $25,000.00 Grant Narrative 500 words or less (1) Briefly describe history, mission, goals, and organization’s structure. (2) Project/Program description, uniqueness. (3) Goals and plans for fulfilling the project/program. (4) Proposed measurable outcomes. (5) Evaluation process with any data to be gathered. (6) Any collaborating organization in the project/program. (7) Alternative and other funding sources. (8) Plans on adapting project, based on funding. https://www.zionsville-in.gov/Admin/FormCenter/Submissions/Print/3175 2/4 3/31/2021 https://www.zionsville-in.gov/Admin/FormCenter/Submissions/Print/3175 Narrative* zWORKS is a 501(c)(3) nonprofit organization founded in 2015 by community leaders and volunteers. Our mission is to be the nonprofit economic development engine for the Zionsville area by providing startups, entrepreneurs, business professionals, and small business owners not only a coworking and professional space but also a community for counsel and advice. There are two locations, Cedar Street and Pine Street, with open workspace, desks, quiet work area, meeting rooms, private offices, privacy booths, break areas, business education sessions, and more. Our programming and uniqueness is that we are: - THE nonprofit economic engine for Zionsville - The creator of >$400,000 additional Zionsville Village Merchant revenue per year - A professional workspace to >150 people - A job creator (>200 jobs) - Startup incubator Our goals and why we are here: - To bring and keep businesses and remote/hybrid workers in Zionsville - To create community, networking opportunities and manufactured serendipity - It’s fun! Our plan to continue to meet and exceed these goals is to: - Initiate funding to meet the evolving space needs as working environments change - Create more flexible space within current locations We will measure the outcomes by: - Infusion and involvement of members, entrepreneurs, and startups - Contribution to the Zionsville economy We can evaluate the data by: - Member attendance (and their guests) - Meeting room usage - Additional job creation in Zionsville - Administer a member survey of satisfaction and Zionsville merchants purchases zWORKS continually collaborates with partners, the Town of Zionsville and other nonprofits to enhance our community and outcomes. In addition to the requested funding from the Town of Zionsville, other sources of funding include membership fees, partners, one fundraising event, nonmember meeting room rentals and in-kind contributions (last 2 are minimal). As needed, we can adapt funding by considering a community matching program option, adjust space enhancements within current locations and by placing a much needed new location on hold again. Thank you for your consideration of our grant request. I am happy to answer any questions you may have as you review our proposal. Supporting Documents Upload the following documents. Proposed Budget* BudgetOverviewFY2021-FY21PL (1).pdf Proof of Non-Profit Status* IRS EIN.pdf Current FY Budget Summary for Organization* BudgetOverviewFY2021-FY21PL (1).pdf Resumé of project/program director or any contracted individuals. VickieHallResume2021 (2).pdf https://www.zionsville-in.gov/Admin/FormCenter/Submissions/Print/3175 3/4 3/31/2021 https://www.zionsville-in.gov/Admin/FormCenter/Submissions/Print/3175 List Current Board of Directors* Paul Dreier, Chairman Paul Kite, Vice President Maggie Daniels, Treasurer George Milberger, Secretary Dave Dimmett, Board Member Publications, Brochures, Promotional Materials Submit 1-3 examples of the organization's publications. You can provide links to online sources or upload files. Enter links to online material(s). www.zworks.org, https://us9.campaign-archive.com/home/? u=faf1e5b176bd85fc4cfe77dc2&id=3bd91c8450, https://townepost.com/indiana/zionsville/inspiring-startups/ Upload Promotional Materials ZWorks 6.pdf Submit Application Thank you for submitting a Town of Zionsville Community Enrichment Grant Application. If you have questions, contact the Mayor’s Executive Assistant at 317-344-1167 or cjohnson@zionsville-in.gov. Awards are made on a semi-annual basis. In 2021, the award dates are April 30 and September 30. To be considered for the next funding cycle, applications are due at least 30 days before the award date (i.e., applications are due March 30 for April 30 funding). Applications submitted within 30 days of award distribution will be considered for the next distribution. https://www.zionsville-in.gov/Admin/FormCenter/Submissions/Print/3175 4/4  zWORKS, Inc. Budget Overview: FY2021 - FY21 P&L January - December 2021 JAN 2021 FEB 2021 MAR 2021 APR 2021 MAY 2021 JUN 2021 JUL 2021 AUG 2021 SEP 2021 OCT 2021 NOV 2021 DEC 2021 TOTAL Revenue Donations & Sponsorships $0.00 Polo Match 0.00 0.00 0.00 0.00 0.00 0.00 150.00 0.00 6,500.00 0.00 0.00 0.00 $6,650.00 Sponsorship 0.00 2,500.00 1,000.00 1,500.00 10,000.00 1,000.00 0.00 1,000.00 1,000.00 1,000.00 1,000.00 0.00 $20,000.00 Unrestricted Donations 0.00 0.00 250.00 0.00 0.00 250.00 0.00 0.00 250.00 0.00 0.00 250.00 $1,000.00 Total Donations & Sponsorships 0.00 2,500.00 1,250.00 1,500.00 10,000.00 1,250.00 150.00 1,000.00 7,750.00 1,000.00 1,000.00 250.00 $27,650.00 Membership 6,950.00 7,820.00 7,595.00 12,000.00 5,690.00 7,555.00 4,890.00 5,920.00 5,490.00 7,600.00 6,860.00 4,535.97 $82,905.97 Other Revenue $0.00 Desk Rental 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 $1,500.00 Event Room Rental $0.00 Cedar Street Room Rental 0.00 0.00 100.00 0.00 0.00 100.00 0.00 0.00 100.00 0.00 0.00 100.00 $400.00 Pine Street Room Rental 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 $1,500.00 Total Event Room Rental 125.00 125.00 225.00 125.00 125.00 225.00 125.00 125.00 225.00 125.00 125.00 225.00 $1,900.00 Mail Service 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 $2,100.00 Snacks 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 $2,400.00 Startup Office Rent - Cedar Street 1,100.00 1,100.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 $17,200.00 Startup Office Rent - Pine St. 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 $21,600.00 Total Other Revenue 3,525.00 3,525.00 4,025.00 3,925.00 3,925.00 4,025.00 3,925.00 3,925.00 4,025.00 3,925.00 3,925.00 4,025.00 $46,700.00 Total Revenue $10,475.00 $13,845.00 $12,870.00 $17,425.00 $19,615.00 $12,830.00 $8,965.00 $10,845.00 $17,265.00 $12,525.00 $11,785.00 $8,810.97 $157,255.97 GROSS PROFIT $10,475.00 $13,845.00 $12,870.00 $17,425.00 $19,615.00 $12,830.00 $8,965.00 $10,845.00 $17,265.00 $12,525.00 $11,785.00 $8,810.97 $157,255.97 Expenditures Advertising 0.00 25.00 0.00 0.00 0.00 100.00 50.00 46.00 20.00 0.00 0.00 0.00 $241.00 Credit Card Processing Fees 327.75 301.88 326.39 424.83 283.90 329.28 245.08 213.54 209.11 254.93 244.35 223.80 $3,384.84 Dues & Subscriptions 628.63 0.00 19.95 73.00 25.00 25.00 25.00 0.00 0.00 0.00 0.00 0.00 $796.58 Boardable 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 $720.00 Calendly 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 144.00 0.00 0.00 0.00 $144.00 Cobot 232.50 232.50 232.50 232.50 232.50 232.50 232.50 232.50 232.50 232.50 232.50 232.50 $2,790.00 KISI 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 $2,400.00 Nest 30.00 30.00 30.00 25.00 30.00 30.00 30.00 30.00 30.00 30.00 0.00 0.00 $295.00 Pixel Jocks 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00 $420.00 Total Dues & Subscriptions 1,186.13 557.50 577.45 625.50 582.50 582.50 582.50 557.50 701.50 557.50 527.50 527.50 $7,565.58 Insurance 0.00 1,300.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $1,300.00 Meals and Entertainment 0.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 $550.00 Monthly Rent $0.00 75 East Pine Street 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 $24,000.00 85 East Cedar Rent 3,250.00 3,250.00 3,250.00 3,250.00 3,250.00 3,250.00 3,250.00 3,250.00 3,250.00 3,250.00 3,250.00 3,250.00 $39,000.00 Property Tax 729.52 729.52 729.52 729.52 729.52 729.52 729.52 729.52 729.52 729.52 729.52 729.52 $8,754.24 Utilities (Cedar St.) 520.00 520.00 520.00 520.00 520.00 520.00 520.00 520.00 520.00 520.00 520.00 520.00 $6,240.00 Internet (Cedar St.) 202.20 202.20 202.20 202.20 202.20 202.20 202.20 202.20 202.20 202.20 202.20 202.20 $2,426.40 Total Utilities (Cedar St.) 722.20 722.20 722.20 722.20 722.20 722.20 722.20 722.20 722.20 722.20 722.20 722.20 $8,666.40 Utilities (Pine St.) 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 $2,400.00 Tuesday, March 30, 2021 08:57 PM GMT-04:00 1/2  zWORKS, Inc. Budget Overview: FY2021 - FY21 P&L January - December 2021 JAN 2021 FEB 2021 MAR 2021 APR 2021 MAY 2021 JUN 2021 JUL 2021 AUG 2021 SEP 2021 OCT 2021 NOV 2021 DEC 2021 TOTAL Internet (Pine St.) 102.20 102.20 102.20 102.20 102.20 102.20 102.20 102.20 102.20 102.20 102.20 102.20 $1,226.40 Total Utilities (Pine St.) 302.20 302.20 302.20 302.20 302.20 302.20 302.20 302.20 302.20 302.20 302.20 302.20 $3,626.40 Total Monthly Rent 7,003.92 7,003.92 7,003.92 7,003.92 7,003.92 7,003.92 7,003.92 7,003.92 7,003.92 7,003.92 7,003.92 7,003.92 $84,047.04 Office Expenses 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 $1,800.00 Payroll Expenditures $0.00 Executive Director Salary 4,166.00 4,166.00 4,166.00 4,166.00 4,166.00 4,166.00 4,166.00 4,166.00 4,166.00 4,166.00 4,166.00 4,166.00 $49,992.00 FullStack Admin Fee 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 $1,080.00 Payroll Tax 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 $4,200.00 Total Payroll Expenditures 4,606.00 4,606.00 4,606.00 4,606.00 4,606.00 4,606.00 4,606.00 4,606.00 4,606.00 4,606.00 4,606.00 4,606.00 $55,272.00 Polo Match Expense 0.00 0.00 0.00 1,500.00 0.00 0.00 150.00 0.00 0.00 0.00 0.00 0.00 $1,650.00 QuickBooks Payments Fees 0.00 0.00 0.93 0.00 0.00 1.86 3.90 4.33 2.29 2.45 0.50 0.50 $16.76 Small Office Equipment 0.00 2,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $2,000.00 Subcontractor Expense $0.00 Cleaning (Cedar) 540.00 480.00 540.00 540.00 540.00 480.00 540.00 540.00 540.00 480.00 540.00 540.00 $6,300.00 Cleaning (Pine St.) 580.00 320.00 380.00 400.00 380.00 320.00 340.00 380.00 340.00 320.00 380.00 590.00 $4,730.00 Communications Manager 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 $6,000.00 Handyman 0.00 0.00 250.00 0.00 0.00 250.00 0.00 0.00 250.00 0.00 0.00 250.00 $1,000.00 Total Subcontractor Expense 1,620.00 1,300.00 1,670.00 1,440.00 1,420.00 1,550.00 1,380.00 1,420.00 1,630.00 1,300.00 1,420.00 1,880.00 $18,030.00 Supplies $0.00 Beer 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 125.00 $1,500.00 Coffee & Snacks 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 $3,000.00 Misc Supplies 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 $1,200.00 Total Supplies 475.00 475.00 475.00 475.00 475.00 475.00 475.00 475.00 475.00 475.00 475.00 475.00 $5,700.00 Tenant Improvement Expense 0.00 0.00 300.00 0.00 0.00 300.00 0.00 0.00 300.00 0.00 0.00 300.00 $1,200.00 Total Expenditures $15,368.80 $17,769.30 $15,159.69 $16,275.25 $14,571.32 $15,148.56 $14,696.40 $14,526.29 $15,147.82 $14,399.80 $14,477.27 $15,216.72 $182,757.22 NET OPERATING REVENUE $ -4,893.80 $ -3,924.30 $ -2,289.69 $1,149.75 $5,043.68 $ -2,318.56 $ -5,731.40 $ -3,681.29 $2,117.18 $ -1,874.80 $ -2,692.27 $ -6,405.75 $ -25,501.25 Other Revenue PPP Loan to be Forgiven 0.00 0.00 12,900.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $12,900.00 Total Other Revenue $0.00 $0.00 $12,900.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12,900.00 NET OTHER REVENUE $0.00 $0.00 $12,900.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12,900.00 NET REVENUE $ -4,893.80 $ -3,924.30 $10,610.31 $1,149.75 $5,043.68 $ -2,318.56 $ -5,731.40 $ -3,681.29 $2,117.18 $ -1,874.80 $ -2,692.27 $ -6,405.75 $ -12,601.25 Tuesday, March 30, 2021 08:57 PM GMT-04:00 2/2  Vickie Haag Hall 317-408-0234 vhall@zworks.org SKILLS Entrepreneurial, adaptive, task-oriented, organized, and resourceful _________________________________________________________________________________________________________________________________________________ PROFESSIONAL EXPERIENCE zWORKS - Zionsville, IN Executive Director, January 2020-present ● Managed members, partners and facilities through global pandemic at a minimal revenue loss ● Increased funds raised at 2nd annual polo match while partnering with Boys and Girls Club of Boone County ● Evolve member and partner opportunities to meet the needs of a changing work environment Space and Event Manager, January 2019-December 2019 ● Focused on community, hospitality, member retention and additional members ● Generated interest and attendance at zWORKS events ● Capitalized on member events currently in place and added local vendors ● Initiated a new fundraiser, a polo match. Liberation Roasting Company - Indianapolis, IN Co-Owner, 2014 - December 2018 ● Wholesale/retail sales and marketing, focus on locally-owned businesses to utilize, brew and resell our coffee beans ● Zionsville Farmer’s Market coffee vendor 2016-2018, other farmers markets 2014-2016 ● Inventory management ● Maintain a high level of customer service within a competitive environment Pearson Education - Indianapolis, IN. Marketing Manager, Cisco Press, 2002-2006 ● Implemented, managed marketing strategy and relationship within high schools, community colleges, and universities of the Cisco Networking Academy Program ● Maintained communication between editors and the sales team ● Created marketing strategies for the sales team that highlighted the importance of a Cisco Networking Academy at their school Business Development Manager/Reseller Account Manager, 2000-2002 ● Managed and sold technical books and web-based reference materials to Fortune 1000 companies within a 6-state territory ● Implemented electronic ordering with 3 key resellers to reduce company expenses and improve turnaround time  Hall - 2 Education Sales Representative, 1996-1999 ● Sold computer textbooks and software into the community college and universities within a 3-state territory. Increased sales territory by $1.1 million in 1997 to $3.3 million. Established 2 of the 3 largest Computer Information Systems textbook adoptions in the country. ● Implemented sales seminars, focus groups; coordinated and presented at book fairs Weaver Popcorn, Van Buren, IN. National Account Manager, 1999-2000 ● Increased and maintained a 60% market share among snack/concession distributors within the United States, had a consultative role in providing solutions for growth to distributors. ● Structured and implemented sales and production strategies within a team environment Various Fitness facilities in Indianapolis area ACE certified Group Fitness Instructor, 2000-2010 ● Instructed step, kickboxing, strength training, and boot camp classes of varying levels Sunshine Promotions, Fishers, IN Sales Coordinator, 1995-1996 ● Coordinated, set-up, and prepared pre-concert hospitality parties ● Structured and organized group ticket sales to Phantom of the Opera ● Assisted in sponsorship proposals for Deer Creek Music Center and the Indiana State Fair EDUCATION Hanover College, Hanover, IN. B.A. Business Administration, May 1995 ADDITIONAL INFORMATION Active volunteer at local organizations ● Union Elementary and Zionsville Middle School; reliable fill-in-the-gaps volunteer and assistant ● Zionsville Education Foundation, Barn Bash committee member, 2019-2021 ● Women of Impact in Boone County; charter member, renewed member 2021 ● The Catherine Peachey Fund, member of the Heroes Foundation family; steering committee member of Just Peachey: Bearing Fruit, 20th Anniversary Edition cookbook and co-organizer of Hickory Hall polo match ● Kappa Alpha Theta Indianapolis Alumni Board; various roles 2000-2003 Still working from home? Not going back to the office soon but need a professional space? The zWORKS community welcomes you! Join us. Monthly membership available take a tour and join today! www.zworks.org