We have a very important announcement to make: The LIFE House is officially open for business! As a reminder, we have taken on the mission of teaching financial literacy, creating economic stability, and building generational wealth. We now have a vehicle by which we can directly address the economic stability of our community. We have launched two work experience programs.
The first is called "The Juzi Spot." This effort provides job training, experience, and certifications for those who would like to enter into the foodservice industry. The second is called "LIFE Tech" which provides the same benefits for those who would like to begin a career/business in the information technology field.
Along with our partners (T.L.L. Temple Foundation, Angelina College, Workforce Solutions, and Rural LISC), we are looking to challenge the status quo head-on. North Lufkin has a median household income of approximately $14,000 per year with an average household size of three, which is well below the poverty line. Our programs seek to allow participants to position themselves to earn a living wage for this region (approx. $24,000/yr.).
Once again, thank you all for your support and prayers and we continue this journey to positively affect our community in the most impactful way?
We are proud to announce that within the next two months, we will officially open the doors of our facility. We will hereafter refer to it as the LIFE House. After a busy six months and by the grace of God, we are at the brink of one of the most significant events in LIFE's short history: operating within our home office.
This building will be used to teach and train adult students on income benefits (e.g. SNAP, WIC, TANF, etc.), job training, and individualized financial coaching. Our goal will be to have each participant within our program leave earning a wage of at least $12.50/hr. In future reports, we will share more information about this program as well as our on-the-job training opportunities for our participants. We will also describe a few of the partnerships we've established along the way to create sustainability within our programs and efforts.
We're also excited to announce that our Generation A program has been a success! The majority of our 6th graders now have an idea of what it takes to be an entrepreneur, the impact of inflation on buying power, goal setting, and the true cost of college. Next year, our role within the Lufkin Independent School District will be expanded from working with just one graduating class and twenty-three students to working with 3 graduating classes and over 160 students! Stay tuned for more fantastic news about this blossoming program!
Once again, we would like to thank you all for entrusting us with your hard earned money. Without your support, we would not be able to do what we do. Our impact is being felt and lives will be changed. Our Generation A students will never think about money in the same way and the seeds of entrepreneurship have been planted. Because of you, we are now in a position to work with 6.5 times more students than last year. This is our impact ... this is your impact!
We are excited to announce that the LIFE program is continuing its meteoric growth! We have established partnerships with Tri-County Community Action who oversees the local Head Start programs. We now provide financial literacy to the parents of the children who are enrolled in Head Start. To date, we have taught over thirty (30) parents at no charge. This is possible because of your generous support.
We are tirelessly working on alternative methods of funding as the scope of our programs expand. Our budget is now multiples of when we first began. As a part of this expansion, we have finally found a place to call home. We are calling our newly acquired building the LIFE House. This building will provide us with the space to hold our classes, establish our individualized financial coaching programs, and possibly lease space out to other non-profits who could use affordable space. We successfully hosted our Second Annual Scholarship Banquet for the benefit of our Generation A students. What a night! We also were featured by KTRE news. We're proud of our kids and look forward to sharing their development with you.
We cannot thank you enough for your continued support. Without you, reaching our goal to educate 300 citizens of the Lufkin community would not be possible.
The day has finally come where we are actively engaging students throughout Generation A (Gen A) program within the Lufkin Independent School District! This partnership allows us to provide in-school mentorship for twenty-three (23) at-risk students from their Sixth Grade year until their 12th Grade year. Each year we will add approximately 20-25 students. When the program is fully functional, we will have up to 175 students within seven years. We will focus on character-building, goal setting, personal finance, investments, entrepreneurship and much more! Stay tuned as we look to expand this program.
Next, we've completed the first course (Personal Finance) within our newly created online LIFE Academy! This is a major development which broadens our potential audience. Now, anyone in the world may access our curriculum on any computer or any mobile device! In fact, our partner (Worldclass) has both Android and iOS apps available in their respective app stores. Feel free to take a look at life.worldclass.io.
Lastly, we have rebranded our website to become more functional for those who use mobile devices. Please take the time to look around. We now have links to our online banking partner Chime Bank who is committed to providing free accounts to their customers without the possibility of incurring overdraft charges. They also provide free bill pay and a free savings account! Our pre-paid debit card partner CashPass is also featured on our page. The CashPass card allows parents to teach their children money management and budgeting from the age of 13!
Your support has driven us to this point in our journey. There is so much more to come, but we need you now more than ever. As we expand and mature as an organization, fulfilling our mission will only be possible with the generous support of people and organizations who share our passion. Thank you in advance for your consideration.
We are excited to announce that we have launched the first iteration of our online classroom! For years, we have dreamed of being able to deliver our curriculum through a 100% online format. Finally, that day has come! Our first iteration of an online course was recently launched with the entire Personal Finance curriculum included. More courses will follow when the second iteration is launched.
Through our partnerships, we've also expanded the number of students we're getting in front of. We've added a separate Homeownership course to meet a need we've had here in Lufkin to better prepare individuals to be homeowners.
There will be plenty of new announcements in our next update, so stay tuned! Thanks for your support. Without you, none of this would be possible.
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