FSILG Cooperative, Inc.

1. FSILG Cooperative, Inc. Overview January 20, 2005

2. FSLIG Cooperative Inc. Chris Rezek, Executive Director • The Cooperative is 15 months old • There are 31 members and all FSILGs are invited • The Cooperative is owned and controlled by the member houses and we will use our buying power to get better service and prices from vendors • Spend time to understand the opportunity • Spend time to understand your specific needs • Determine if there is a match

3. Basics • Merchants participate because of our volume and prompt payments • House participate because of our improved prices and service • Member owned and operated • Two full-time staff work for you • MIT supports, does not control

4. Financial Model • Secured credit card model • estimate your monthly spending • put down a deposit • bills are charged against your account each week • you pay the balance each month • Special projects • notify Cooperative before project begins • arrange a special payment schedule

5. Discounts • Cooperative percentage discount • Received as end-of-year dividend • Deducted at time of purchase • Covers operating expenses of Cooperative • For all vendors • Lower initial prices • Immediate • Not deducted at time of purchase • Not for all vendors

6. Examples • 5%-15% on food • 5%-20% on contractors • 15% off rental cars • 40%-60% on office supplies • $100s on waste management

7. Members AILG Alpha Chi Omega Alpha Delta Phi Alpha Epsilon Pi Alpha Tau Omega Beta Theta Pi Chi Phi Delta Kappa Epsilon Delta Tau Delta Delta Upsilon Epsilon Theta Fenway House Interfraternity Council Kappa Sigma Lambda Chi Alpha Phi Beta Epsilon Phi Delta Theta Phi Kappa Sigma Phi Kappa Theta Phi Sigma Kappa Pi Lambda Phi pika Sigma Chi Sigma Nu Sigma Phi Epsilon Student House Members (continued) Tau Epsilon Phi Theta Chi Theta Delta Chi Theta Xi Zeta Psi Board of Directors Dan Geer, geer@alum.mit.edu (TDC) Bruce Lundie, blundie@alum.mit.edu (PKS) Steve Summit, scs@alum.mit.edu (pika) Lisa Tatterson, lisa.tatterson@alum.mit.edu (ACO) Mark Thompson, memphis@alum.mit.edu (ADP) Officers President: Mark Thompson, memphis@alum.mit.edu (ADP) Treasurer: Bruce Lundie, blundie@alum.mit.edu (PKS) Clerk: Steve Summit, scs@alum.mit.edu (pika) Employees Chris Rezek, Executive Director Charley Mills, Bookkeeper Governance

8. Benefits • Lower prices • Better service • One bill to pay each month • Never lose another invoice • Staff can follow-up with vendors • Utility payment program • IRDF & transition funding advice

9. Any questions?

10. FSILG Cooperative, Inc. Online Tools January 20, 2005

11. Online Tools • Main Site • Contact Management • Invoice Review • Document Storage • Satisfaction Survey

12. Main Site

13. Main Site • Vendor menu • FAQs for members and vendors • IAP course materials • Special programs • Newsletters • List of members • Contact information

14. Contact Management

15. Contact Management • Keep list of contacts current • Officers • Purchasers • Undergrads • Alums

16. Invoice Review

17. Invoice Review • View full-color PDF scans of all invoices • Review invoices weekly • Browse all invoices • Sort by date or vendor

18. Document Storage

19. Document Storage • Review monthly statements • Estimates and proposals from contractors • VFA facility condition report • IRDF applications • INSITE floor plans for IRDF grants

20. Satisfaction Survey

21. Satisfaction Survey • Feedback on vendors • Feedback on FCI • Recommend new vendors

22. Any questions?