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The Stewards Market. Developing lasting solutions to break the systems of poverty. Agenda. Mission & Sustainability My Story Why We Care Key Efforts Role of TSM Social Enterprise The Academy Launching a Social Enterprise Traditional Philanthropy vs Social Impact investing
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The Stewards Market Developing lasting solutions to break the systems of poverty
Agenda • Mission & Sustainability • My Story • Why We Care • Key Efforts • Role of TSM • Social Enterprise • The Academy • Launching a Social Enterprise • Traditional Philanthropy vs Social Impact investing • Why it will work
Mission Developing lasting solutions to break the systems of poverty through the creation of social enterprises and financially freeing education that empowers people to become robust participants in the global economy.
Sustainability The capacity to endure.
My Story: Family Background • ECONOMIC AND SOCIAL DICHOTOMY
My Story: Early Influences • ECONOMIC AND SOCIAL DICHOTOMY
My Story: Chicago • ECONOMIC AND SOCIAL DICHOTOMY
WHY SHOULD WE CARE? Lives are at stake!
Meaningful Work “Deprived of meaningful work, men and women lose their reason for existence; they go stark, raving mad.”Fyodor Dostoevsky “The first condition of education is being able to put someone to wholesome and meaningful work.” John Ruskin “the only work worth doing is meaningful work” Robert Bateman
Illinois’ Prisons are full… September 2012 Illinois Department of Corrections
Who’s in Cook County Jail? • Primarily of African-American (66.9%) • Males (86.5%) • Between the ages of 21 and 30 (36%) • From Chicago’s south and west sides
What about the ones outside? “The most dangerous time for young people in Chicago may be the first few years after high school. Since 2008, a total of 247 young people between the ages of 18 and 20 have been murdered in Chicago, nearly as many as the 286 under the age of 18 who’ve been killed during that span.” Chicago Reporter Sources: Chicago Magazine , Bureau of Labor Statistics
Impact on our communities • Loss of male influence • Family structure eroded • Lack of investment
Community development is more than just infrastructure; it’s hope.
Key Efforts • Our businesses are the tools we use to create sustainable social impact in our community. We measure this social impact by the numbers. Number of jobs created, number of our students employed, and recidivism rates of our students against a local average.
Role of TSM The role of The Stewards Market is: • To start, develop and manage social enterprises with an emphasis on job creation for the poorest among us. • To prepare individuals for employment at one of our social enterprises through intense training and personal development. • To provide opportunities for marketplace leaders to support our work with time, talent and treasure.
Our Social Enterprises • King LizzyApparel is Chicago based street-wear company specializing in graphic t-shirts, snapback caps and hand painted sneakers. • King Lizzy Recording Studio is an affordable, high quality space where individuals in our community can record. • SOAP is a hotel sustainability service launched in 2011
Our Impact (2006-2012) • 600 Participants trained • 23 New employment positions created • 6 Years of revenue growth • 5Social enterprises (3 launched, 2 Partners)
TSM Academy Overview Description The Stewards Market recognizes that there still remains a significant economic gap throughout our city. There is evidence suggesting that the gap is in fact widening especially within the Chicago’s poorest communities. As of January 2013, The Stewards Market will begin offering an in-depth Work Force Development course for all individuals seeking employment from any of our Social Enterprises. By combining new and well-practiced curriculum we believe participants will have a six-month experience that best prepares them to enter the work force in general and hopefully become productive members of society. • Objectives • Expose students to a wide range of personal and professional development • Equip individuals with skills that will make them productive and marketable members of society. • Provide value to TSM social businesses • Offer competitive internship opportunities • Prepare individuals to earn a livable wage in meaningful work • Invite individuals to maintain fellowship within a strong Christian community
Coursework • Module 1: Personal Development (6 weeks) • Social Fluency, Financial Empowerment, Work Ethic • Module 2: Job Readiness (6 weeks) • General communication development, Bookkeeping with Excel, Digital Skills Development • Module 3: Work Force Development (8 weeks) • The Art of Selling, Intro to Graphic Design, Understanding the Pro Kitchen, Studio Time • Module 4: Getting Started in Social Enterprise (4 weeks) • Job Site experience. Participants spend one week at each of our social enterprises. (King Lizzy Apparel, KL Recording Studio, SOAP, CJK ), Logistics Management • Module 5: Providing value through Internships (6 weeks or more) • Internship Opportunities • Employment • Part time Employment • Full Time Employment
Launching a Social Enterprise • YEAR 1 IDEA TEAM Strategy Development Execution Modeling Infrastructure Salaries Capital
Launching a Social Enterprise • Year 2 Grow Revenues Add Talent
Launching a Social Enterprise • Year 3 Grow Customer Base Cut Costs/Improve Efficiency Retain Talent
Impact Investment Life Cycle Return of Principal Invest in Social Enterprise #1 Invest in Social Enterprise #3 Return of Principal Return of Principal Invest in Social Enterprise #2
Why will it work? • Solution is needed • We believe we have a soultion • Not Fearful to fail • Can’t imagine doing anything else • Constant Prayer