fsilg cooperative, inc. overview january 20, 2005

FSILG Cooperative, Inc.

Overview

January 20, 2005

FSLIG Cooperative Inc.

Chris Rezek, Executive Director• The Cooperative is 15 months old• There are 31 members and all FSILGs are invited• The Cooperative is owned and controlled by the member

houses and we will use our buying power to get better service and prices from vendors

• Spend time to understand the opportunity• Spend time to understand your specific needs• Determine if there is a match

Basics

• Merchants participate because of our volume and prompt payments

• House participate because of our improved prices and service

• Member owned and operated

• Two full-time staff work for you

• MIT supports, does not control

Financial Model

• Secured credit card model– estimate your monthly spending– put down a deposit– bills are charged against your account each

week– you pay the balance each month

• Special projects– notify Cooperative before project begins– arrange a special payment schedule

Discounts

• Cooperative percentage discount– Received as end-of-year dividend– Deducted at time of purchase– Covers operating expenses of Cooperative– For all vendors

• Lower initial prices– Immediate– Not deducted at time of purchase– Not for all vendors

Examples

• 5%-15% on food

• 5%-20% on contractors

• 15% off rental cars

• 40%-60% on office supplies

• $100s on waste management

Governance• Members

– AILG– Alpha Chi Omega– Alpha Delta Phi– Alpha Epsilon Pi– Alpha Tau Omega– Beta Theta Pi– Chi Phi– Delta Kappa Epsilon– Delta Tau Delta– Delta Upsilon– Epsilon Theta– Fenway House– Interfraternity Council– Kappa Sigma– Lambda Chi Alpha– Phi Beta Epsilon– Phi Delta Theta– Phi Kappa Sigma– Phi Kappa Theta– Phi Sigma Kappa– Pi Lambda Phi– pika– Sigma Chi– Sigma Nu– Sigma Phi Epsilon– Student House

• Members (continued)– Tau Epsilon Phi– Theta Chi– Theta Delta Chi– Theta Xi– Zeta Psi

• Board of Directors– Dan Geer, geer@alum.mit.edu (TDC)– Bruce Lundie, blundie@alum.mit.edu (PKS)– Steve Summit, scs@alum.mit.edu (pika)– Lisa Tatterson, lisa.tatterson@alum.mit.edu (ACO)– Mark Thompson, memphis@alum.mit.edu (ADP)

• Officers– President: Mark Thompson, memphis@alum.mit.edu

(ADP)– Treasurer: Bruce Lundie, blundie@alum.mit.edu (PKS)– Clerk: Steve Summit, scs@alum.mit.edu (pika)

• Employees– Chris Rezek, Executive Director– Charley Mills, Bookkeeper

Benefits

• Lower prices

• Better service

• One bill to pay each month

• Never lose another invoice

• Staff can follow-up with vendors

• Utility payment program

• IRDF & transition funding advice

Any questions?

FSILG Cooperative, Inc.

Online Tools

January 20, 2005

Online Tools

• Main Site

• Contact Management

• Invoice Review

• Document Storage

• Satisfaction Survey

Main Site

Main Site

• Vendor menu

• FAQs for members and vendors

• IAP course materials

• Special programs

• Newsletters

• List of members

• Contact information

Contact Management

Contact Management

• Keep list of contacts current

• Officers

• Purchasers

• Undergrads

• Alums

Invoice Review

Invoice Review

• View full-color PDF scans of all invoices

• Review invoices weekly

• Browse all invoices

• Sort by date or vendor

Document Storage

Document Storage

• Review monthly statements

• Estimates and proposals from contractors

• VFA facility condition report

• IRDF applications

• INSITE floor plans for IRDF grants

Satisfaction Survey

Satisfaction Survey

• Feedback on vendors

• Feedback on FCI

• Recommend new vendors

Any questions?