The Prison Professors Charitable Corporation begins 2024 with the following:

•  Cash balance in Bank of America: Between $150,000 and $200,000.

Anticipated monthly income:

• Pledged from donors: $4,000 per month.
• Pledged donation from Michael and Carole Santos: $4,000 per month.
• Revenue for use of intellectual property: $2,000.00
• Anticipated Monthly Income: $10,000

Anticipated Monthly expenses:

• Costs to fund sponsorships on Prison Professors Talent: $5,000
• Content development and maintenance of Prison Professors website: $2,000
• Costs of providing jobs for formerly incarcerated people: $5,200
• Scholarship Oversight and Administrative Support: $4,000
• Distribution of Content:
• Books / Courses: $2,000-$4,000
• Projected Monthly Expenses:
• $20,200 to $22,200
• $Projected monthly deficit: $11,000.00 to $13,000

PPCC intends to cover the monthly deficit from reserves while we simultaneously strive to find additional funding sources.

Approximate funding: 12 months operating.