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For-Profit Business as Mission Pro-Active With Non-Profit-Missionary Common Goals Achievement PDF Print E-mail
Written by Zester Hatfield   
Friday, 14 April 2006

Executive Summary

I. Joint Venture Analysis

Hatfield & Company, Inc.-H&C (BAM) Phase 1, Timberon Mountain Construction Company-TMCC (BAM) Phase 1, Timberon Mountain Aviation FBO (Fixed Based Operator)-TMA (BAM) Phase 2, and Reformation Ministries International Corp-RMIC, (Ministry) Phase 1, form the five entities of the Joint Venture.

Three of these entities are embraced within a single limited partnership: "Aviation & Land Development Limited Partnership" or A&L Ltd.

H&C, Hatfield & Company is the General Partner of the Limited Partnership while TMCC and TMA are functional divisions within the operational powers of the General Partner and are two wholly owned assets of the Limited Partnership.

Their joint venture operational relationship is as follows:

Financially the two divisions are completely separate as RMIC is a non-profit 501C3 and the A&L Ltd., is a for-profit Business as Mission entity with several sources of revenues.

The relationship between the two entities is a common world-view of spiritual and material perspectives with a common motivation towards the mission of discipling the nations.

Although RMIC will seek and acquire funding through outreach efforts to enlist the support of individuals and congregations it will also receive at least 10% of all of the net profits of the general partners of A&L Ltd.

The investor community may choose to donate some of their profits for this venture to RMIC but they are not compelled to do so.

More importantly, the joint venture benefit to RMIC is the advantage gained through common goals set out from the beginning by the founding group of Christian men and women; Team RMIC.

These men and women make up the leadership and outreach force of the whole effort and they believe that they are called of God to take up this challenge and have agreed that by connecting the positive forces of capital markets, profit endeavors-under Godly principles-and ministry outreach together, as in this contractual Joint Venture relationship, they will better accomplish what so often is not, NAMELY, the exercise of the whole gospel to the whole man, to the whole world.

II. Quality Control & Operations

Quality control is of the highest priority.

The integrity of the financial separation is very important from a regulatory point of view as well as from a moral and functional point of view.

H&C is a professional accounting company with over fifteen years experience in business accounting and also has many years of experience assisting companies who have had problems with the IRS in successful remediation.

As H&C qualifies for Enrolled Agent Status with the IRS they can professionally represent these companies before the IRS and assist them in extricating themselves from the problems they have incurred.

H&C will provide all of the in-house accounting services for each element with annual audits by third party CPA firms.

Thus, these combined experiences are key elements in providing the complete leadership/management team with the fiscal over-site needed to ensure the highest levels of integrity and compliance with all parties, Government, God and individuals.

The operational enter action on the part of the for-profit components is service and profit motivated.

This will be evident in the details of the operations of H&C, TMA and TMCC (Hatfield & Company, Timberon Mountain Aviation FBO [Fixed Based Operator] and Timberon Mountain Construction Company as their work is complimentary within the shared geographic area and mutually supportive of each other as they are the profit centers for A&L Ltd. (Aviation & Land Development Limited Partnership).

The relationship from A&L Ltd to RMIC is one of service, income and leadership council with over-site.

The income stream for RMIC created by this Joint Venture relationship is detailed in the Employee Leasing Service section of H&C.



 
 
 
 

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