Delaware Valley College:Students In Free Enterprise

Mission Statement

As a team we are dedicated to achieving a positive impact not only on our campus and in our surrounding community, but also reaching

abroad. We practice teamwork, discipline, and perseverance to help us stress business ethics, critical thinking, and problems solving skills, to

help us reach out and overcome all obstacles that we encounter with the utmost professionalism.

School History• Founded in 1896• Doylestown, Pennsylvania• 571 Acres• 1,946 students enrolled

full time• Over 50 clubs and

organizations• 18:1 student-to-faculty ratio• Best Comprehensive Colleges

by US News & World Report

Team History

• The First S.I.F.E. team formed in 1997• Regional Competition

– Champions: 1997-2001, 2004-2007

• National Competition– Rookie of the Year: 1997– First round Runner- up: 2001, 2005, 2006

Bucks County Facts

• 621,000 people within 23 boroughs and 31 townships

• 608 sq. miles of land• Median household income:

$75,701• Average people per household:

2.69

Business Advisory Board

• 5 business professionals • Come from all different areas of business

– Company Executives to Small Business Owners• Professional advice for developing our team

Our Year In Review• Booster Club• Mangar• Volunteer Income Tax

Assistance (V.I.T.A.)• A-Day Involvement • Campus Involvement

• Passport to Opportunity

• Executive in Residency • Financial literacy• BCIU

– Heifer International

Booster Club• A club inside of S.I.F.E. • Consolidates fundraising into one group• Keeps track of fundraisers• Three fundraisers completed

Booster Club Projects• Cookies & Brownies

– Bought ingredients – Baked the goods– Split into two teams

• Dorm Stormed – Sold out every time

Booster Club Projects• Applebee’s Raffle

– Surveyed the students’ restaurant preferences

– Purchased ticket stock and sold them for $1• Sold via Dorm Storm

– Raffled off $20 dollars worth of food to the winner

– Delivered the food to the winners residence hall

Mangar• Pharmaceutical

packaging industry • Designed heart-shaped

boxes for Valentine’s day – Painted and filled

with assorted candy• Sold on campus and to

the surrounding community

SalesCups 133.00$ Cookies and Brownies 487.89$ Applebees Raffle 265.00$ 885.89$

Cost of Goods SoldBeginning Invetory 300.00$ Add: Purchases 112.55$ Goods Available for Sale 412.55$ Less: Ending Inventory 86.00$ 326.55$

Admin/Selling ExpensesAdministrative -$ Selling -$ -$

Total Profit Margin 559.34$

Booster Club Income Statement

V.I.T.A.

• Volunteer Income Tax Assistance Program– Filing tax returns

• Del Val, Bucks County Opportunity Council, Internal Revenue Service

• Certified and trained volunteers

V.I.T.A.

0

200

400

600

800

1000

1200

Families Helped

2006 2007 2008 2009

• Success for seven years• $250,000 has been saved in

preparation fees • $1.5 million has been

refunded this year• Approximately 1,000

returns filed• 21 trained and certified

volunteers• 7 S.I.F.E. members certified

A-Day • A-Day has been a annual event at Del Val

since 1949• Recognized as a State Fair in 2008• Students and surrounding community help to

light up the Del Val campus

ADAY• During the weekend our SIFE staff did many

task including:– Financial Reporting– Cash Register Reconciliation– Purchasing– Financial Planning

A-DayIncome Statement

For the Year Ended December 31, 2009Sales

Food Tent $ 44,707.97 Snack Tent $ 3,786.00 Funnel Cake $ 3,922.49 Del Val Creamery $ 16,712.41 Amusements $ 45,000.00

Total Sales: $ 114,128.87 Cost of Goods Sold:

Food $ 9,601.52 Funnel Cake $ 693.06 Beverage $ 2,704.00 Packaging $ 2,610.25 Condiments $ 1,601.95 Del Val Creamery $ 4,305.00

Total Cost of Goods Sold: $ 21,515.78 Gross Profit $ 92,613.09 Expenses:

Selling Expenses:Advertising $ 2,000.00

Administrative Expenses:Entertainment $ 5,000.00 Amusements $ 20,000.00

Misc Expenses:Rags & Aprons $ 676.00 Food Voucher $ 1,064.50

Total Expenses $ 28,740.50 Net Income: $ 63,872.59

Campus Involvement

• Pride and Polish• Campus wide event to

clean the campus• All students can be

involved• Team building activity

Passport to Opportunity

•Aimed towards seniors and

juniors from area high

schools

•Students interested in

majoring in accounting

•Partnered with the

Pennsylvania Institute of

Certified Public Accountants

(PICPA)

In Residency Program

• Mr. Thomas Watson contributed $250,000 for executive guest speakers– Pam Saunders, Zumbro

River Brand– Jim Herr of Herr Foods– Chuck Alpuche VP of

Operations, PepsiCo– Rob Dhoble of

Omnicom Group

Left to right : Dr. Watson , Mr. Herr, Dr. Brosnan

Rob Dhoble

• Marketing executive of Omnicom Group

• Strong personal brand– Opera Winfrey, Coke

products• Make yourself stand out

from the rest• Survey given to test

how successful presentation was

Survey given to students

• How students would change their personal brand

• How to handle both positive and negative experiences

Financial Literacy

• Business professionals invited to discuss different financial topics with students– How to attain, strengthen, and maintain personal

credit– How and why to invest– How to get out of debt

• Topics relate to students, especially graduating seniors

Bucks County Intermediate Unit(BCIU)

• One focus is post secondary education for students affected with autism and other developmental disabilities

• We came to teach about money management and business skills

• Students made bracelets and key chains to sell on and off campus

• Easy to follow 5-Step process

5-Step Process• Step 1: Cut fishing line 12”• Step 2: Choose bottom bead or

charm and put on fishing line• Step 3: Choose animal bead and

thread on fishing line on top of bottom bead and through both threads

• Step 4: Add additional beads to make a 2 ½” key chain

• Step 5: Add keychain using knots

Heifer International

• An organization that helps people in third world countries– People can buy animals

that can be donated to the countries in need

• Helped BCIU donate animals to countries in need around the world

BCIU Sales• One day of sales completed

– 12 key chains and 39 bracelets for $3 each• Four more sales days scheduled • As word spreads, there will be more to come

Program Sustainability

• Work towards long-term success – Recruit new members– Talent development

• Have experience to carry on S.I.F.E. at Delaware Valley College

Conclusion• Programs, projects, and fundraisers were very

successful• Many plans for the coming years• Successful in future plans

Thank You for your time and we welcome any

questions