Learning Center Budget and Timeline

June 2007	Announcement of Capital Fund Raising Campaign. Funds available at this time will include the $500,000 HUD grant already secured and the completion of the $100,000 Taggart Match Fund.

August 2007	Mailing of Special HMWF Solicitation detailing the Interpretive Learning Center ("ILC") and the Capital Campaign.

September 2007	Presentation of the ILC Capital Campaign at the Las Vegas Reunion of Heart Mountain Internees and their families.

June 2008	By summer 2008, HMWF will have secured (or be close to securing) an additional $1.9 million from individuals, foundations and corporations.

July 2008	By this time, HMWF will have or be actively pursuing up to $3 million of “Public Match Money” from the federal government. Additional requests to the state, foundations, and individuals will still be being pursued.

September 2008	HMWF will have secured or be confidently close to securing at least $5.5 million by the summer or fall of 2008. This would allow a formal groundbreaking to occur.

January 2009	Capital campaign should be far enough along to request and award bids.

June 2009	Construction will be completed, enabling a GRAND OPENING of the HMWF Interpretive Learning Center before summer’s end.

Interpretive Learning Center Budget

Item	Preliminary Target

A. Capital Costs for construction of the HMWF Interpretive Learning Center and related site improvements.	$5.5 million

B. Permanent Endowment to offset cost of HMWF administration and operations maintenance and acquisitions related to the site.	$750,000 (annual value: $50,000)

C. Annual Administration and Operating Revenues to be raised from memberships, donations, admission fees, sale of HMWF Interpretive Learning Center items (books, etc.), program grants, etc.	CY 2007: $40,000 CY 2008: $75,000 CY 2009 and beyond: $150,000 per year

SITEWORK
Site work Total	490,451

SITE BUILDINGS
Guard Tower	10,800
Guard House	5,500
Site Buildings Total	$16,300

INTERPRETIVE LEARNING CENTER BUILD
Total Building Area (10,800 sf @ $250.00)	2,700,000
Interpretive Learning Center Building Total	2,700,000

Construction Cost Subtotal	$3,206,751

Professional Services
Architecture, Mechanical/Electrical,
Structural Engineering, Interior Design	384,810
Land Surveying	15,000
Geotechnical Report	7,500
Civil Engineering	50,000
Legal	5,000
Exhibit Design Assistance	30,000

Professional Services Total	$492,310

Conceptual Design Cost Estimate
Site work	490,451
Site Buildings	16,300
Interpretive Learning Center	2,700,000
Subtotal construction Cost	$3,206,751

General Conditions at 8% of Construction Cost	$256,540
General contractor Overhead and Profit at
8% of Construction	256,540
*Total Construction Cost*	$3,719,831

Professional Services	492,310
Fixtures, Furnishings, and Equipment	50,000
Exhibit Construction Allowance	233,000
*Subtotal of total Project Cost*	$4,495,141

Contingency at 10% of Gross	$449,514

*TOTAL PROJECT COST MAY 2007*	$4,944,655

ESCALATION FROM 05/07/ TO 05/08 @ 10%	$482,053

*TOTAL PROJECT COST*
*ADJUSTED TO MAY 2008*	$5,426,708

Entire Exhibit Area	$ 500,000 +
Multi-Purpose Room / Theatre	$ 250,000 +
Perpetual Annual Symposium	$ 200,000 +
Observation / Rest Area	$ 100,000 +
One Barrack Room	$ 100,000 +
One Barrack Room	$ 100,000 +
Computer Library	$ 50,000 +
Reflection Garden w/2 stone benches	$ 50,000 +
Curatorial	$ 25,000 +
Flag Pole	$ 5,000 +
Stone Benches (2 @ $2,500 each)	$ 5,000 +
Memorial Bricks (750 @$250)	$ 187,500
Wall of Honor (all of the above will be prominently displayed on the naming location as well as on the Wall of Honor, plus those who give as follows)
Benefactors	$25,000 - 100,000 +
Patrons	$10,000 - 25,000
Associates	$ 5,000 - 10,000
Affiliates	$ 2,500 - 5,000
Supporters	$ 1,000 - 2,500
Contributors	$ 500 - 1,000
Friends	$ 250 - 500

Sources of Funding for the HMWF Permanent Endowment
Individuals	$ 100,000
Corporations	$ 150,000
Foundations	$ 500,000
Total	$ 750,000
June 2010	Substantial progress should be made toward a $750,000 operating endowment and the identification of sufficient annual revenues, fees and donations to sustain quality operations on an on-going basis.

ESTIMATED ANNUAL EXPENSES
Operating Costs
O&M	$44,000
Payroll (3 x 120 days x 8 hrs x $15/hr and
2 x 245 days x 4 hrs X $15.00/hr	87,000
Administrative Supplies	10,000
Insurance	6,000
Exhibits and Archives	45,000
Grounds Maintenance	15,000
Custodial Maintenance 3 hrs x 120 days x $15.00 /hr and
2 hrs x 245 days x $15/hr	15,000
Building Major Repair Fund	50,000
Total Expense	$272,000

ESTIMATED ANNUAL REVENUE
Admissions
28,500 adults @ $5.00	$142,500
12,000 children @ $2.00	24,000
3,000 tour guests @ $3.00	9,000
1,500 school kids @ $1.00	1,500
Subtotal Admissions	$177,000

Gift Shop Sales (profit per adult)
45,000 guests $1.00 each	$45,000
Total Income Projection	$222,000

Contributions and/or Endowment Support	50,000

Total Revenue	$272,000