1 / 14

Hillside Work Scholarship Connection Business Plan Summary

Hillside Work Scholarship Connection Business Plan Summary. July 2011.

alissa
Download Presentation

Hillside Work Scholarship Connection Business Plan Summary

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Hillside Work Scholarship Connection Business Plan Summary July 2011

  2. HW-SC, a unique youth development program combining mentoring, a strong support network and employment training for students with job and scholarship opportunities, recently completed the implementation of it’s first business plan 2 HW-SC Business Plan Summary HW-SC Business Plan Summary 5/2/2011

  3. Current Situation 3 HW-SC Business Plan Summary • HW-SC serves a high need group of young people and continues to show strong results • High needs districts with concentration of at-risk students • HW-SC serving youth with multiple risk factors • Program monitoring student demographics to insure inclusion of critical need students • Graduation rates continue to significantly outperform the districts • At the start of the 2010/11 school year HW-SC operated three program locations at very different points in their development and there is interest expressed by other markets both in and out of state • The program model is maturing and able to be replicated • Theory of change elements being delivered in all locations • Strong advances in infrastructure support to program delivery • Work needed on consistent documentation of delivery • Business model need further development • Use of data, fidelity to data collection not well engrained • Funding not yet sustainable • Evaluation and evidence not moved to next level although outcomes continue to be strong • New York State (which provides significant program funding ) is in a fiscal crisis • HW-SC receives approximately $2.9 Million in New York State funding • Current estimates for next year are $2.25 million (75%) HW-SC Business Plan Summary 5/2/2011

  4. Growth to Scale and Sustainability remains the program’s long term goal 4 HW-SC Business Plan Summary • HW-SC is dedicated to serving more students in need of assistance • The program model continues to show very positive outcomes • The need is profound not just in our current markets but across the country • However, before pursuing growth to widespread scale, HW-SC will complete a validation phase of it’s long term plan • The current economic situation increases the risks associated with significant growth • The business model’s sustainability needs validation • Long term New York State sustainability requires a larger state wide footprint • Seed market sustainability needs validation • Program optimization work needs to be validated before investing in a randomized control design study essential to widespread scale dissemination HW-SC Business Plan Summary 5/2/2011

  5. HW-SC Growth Plan 5 HW-SC Business Plan Summary HW-SC Business Plan Summary 5/2/2011

  6. Validation The 2011 - 2014 Business Plan lays out the path for the validation phase of the long term plan to bring Hillside Work Scholarship Connection to scale. • Key initiatives during Validation Phase: • Demonstrate sustainability of “service funding mosaic” for early, mid-stage and mature markets • “Service Funding Mosaic” – diverse set of public funding with local education funding as core and philanthropic funding as ancillary • Achieve state-wide scale and enhance sustainability of New York program by becoming a state-wide service provider (growth from 2 to 5 districts) • Prepare for expansion phase by successfully opening a locally sustained out of state seed market • Investigate viability of program outside of core urban setting • Create and replicate employer value proposition through Jobs Institute • Institutionalize key operational capabilities and optimize model • Validate model effectiveness through continued research 6 HW-SC Business Plan Summary HW-SC Business Plan Summary 4/27/2011

  7. Validation Phase Business plan financial model 2011 - 2014 Validation 7 HW-SC Business Plan Summary • Steady, sustainable growth • Realistic in face of funding environment • Focuses on consolidating core and aligning program elements for next two years as we prepare for new market replication • Business plan models 2 scenarios for the Validation phase • Difference in plans is driven by funding outlook • Choice will be based on funding environment • Both require investment in both seed markets and capabilities • Key differences are in timing • Regular service expense is expected to be covered by service revenue in all markets • Investment are those expenses above regular service expense that will require additional funding HW-SC Business Plan Summary 4/27/2011

  8. During the Validation Phase, HW-SC will further develop the alignment of 4 key elements From To Program • Lighter penetration across many schools • Program is customized to meet a variety of student and school needs • Deeper penetration across fewer schools • Core model is more standard-ized and fully aligned to distinct‘customer’ needs* Funding • Diverse funding approach and success across regions • Measured outcomes and funding opportunities not fully aligned • Clear path to sustainability, incorporating scale and lifecycle considerations in a region • Expert ability to identify, align to, and access priority funding streams Measurement • Variety of indicators tracked internally, variable definitions • Focus on third-party studies of core ‘graduation’ metric • Clearly defined indicators aligned to funding streams • Variety of studies to optimize program, show model fidelity, demonstrate value to funders and increase evidence Organization • Full and accurate data in ETO utilized for both management and youth advocate direction • Strong local-level program and business model mgmt • ETO not utilized to full potential • Strong local-level program delivery HW-SC Business Plan Summary • HW-SC Business Plan Summary 8 * For example, achieving academic improvement for districts and schools

  9. If successfully implemented, the plan will lead to transformative change for HW-SC, its partners, and its youth More effective organization Deeper partnerships with right districts, schools, and communities Better outcomes for more youth + = • Clarified program and business model • Standardized processes • Regular use of data to drive decisions from the YA’s up; optimized and differentiated services for youth • Enhanced research base and evidence • Districts seeking long-term partner to address out-of-school needs, at scale • Lowest-achieving schools that districts want help turning around (and will provide funding for) • Communities with resources to support innovative public/private model • Continuously improved model that achieves higher graduation rates • Replicable model that reaches many more youth in new districts • Financial sustainable model at 1000+ students in large urban districts 9

  10. Plan Summary 2011 to 2014 10 HW-SC Business Plan Summary HW-SC Business Plan Summary 4/27/2011

  11. Expected Revenue Sources (regular service all markets) Note: Unknown in 2010 was covered by reserves; In 2012, currently in discussion with WFCF, otherwise enrollment will be reduced * WFCF: Wegman Family Charitable Foundation 11 HW-SC Business Plan Summary HW-SC Business Plan Summary 5/2/2011

  12. To support successful delivery of this plan ( Base and Growth), HW-SC will add resources in key areas 12 HW-SC Business Plan Summary HW-SC Business Plan Summary 5/2/2011

  13. In addition, during the Validation phase, HW-SC will investigate model extensions 13 HW-SC Business Plan Summary HW-SC Business Plan Summary • Pilot Extensions: $235,000 per market per year Base plan if effective • If shown effective, resources to roll the Latino program, the Community College Pilot and the Resource recovery program to Syracuse in 2013 and Prince George’s in 2014 • Examine non urban markets $200,000 (Year 3) Growth Plan only • Funding to examine and initial start up for a non-urban market 4/27/2011

  14. Required Investment – Growth Plan 14 HW-SC Business Plan Summary HW-SC Business Plan Summary 5/2/2011

More Related