See the Great Companies We’re Considering at the August Impact Cherub Club Meeting
I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.
When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.
As we gear up for the 1:00 PM Eastern, August 20, meeting of the Impact Cherub Club, we invite you to join us. (If you have any trouble signing up just email me.) The club meets to review impact investments everyone is eligible to make, and virtually anyone can afford. We share responsibility for completing basic due diligence before making investments. While members are encouraged to invest in the Club’s picks, no one is required to invest.
The Club is open to all “Impact Members” of the SuperCrowd (our paying subscribers). I don’t touch the Money members invest. They do so directly for their own accounts. We benefit from new members by the fresh perspectives they bring and our growing social impact. Please join us!
Next Meeting—August 20, at 1:00 PM Eastern
At our next meeting on August 20, at 1:00 PM Eastern/10:00 AM Pacific, consistent with our plans for future sessions, the agenda will have three items:
Diligence Reports
Education Moment
Preliminary Consideration of New Candidate Investments
I’ll review those items in reverse order.
New Company Consideration
After some preliminary screening, I’ve shared some candidate offerings with the members of the club to choose which we’ll review this month. Members chose the following:
Africa Eats
Africa Eats is a mission-driven for-profit company focused on reducing hunger and poverty across Africa by supporting a portfolio of 21 food and agriculture businesses in eight countries. These businesses help smallholder farmers double their incomes by purchasing their produce, resulting in significant social impact. With over $36 million in annual revenues and consistent growth, Africa Eats aims to list these companies on African stock exchanges to continue scaling their impact. The Wefunder offering supports this growth, with shares priced at $2.25.
Green Compass
New construction and major renovation projects within D.C. are required to capture stormwater runoff from their property with green infrastructure. The Stormwater Retention Credit market provides compliance flexibility by allowing developers to purchase SRCs from offsite green infrastructure installations, thereby incentivizing other landowners to install green infrastructure projects of their own. Green Compass facilitates this marketplace. The company is raising capital on Raise Green.
Education Moment
Jackie Logan, co-founder at Raise Green, will take a few minutes at the Impact Cherub Club meeting to explain the Greenhouse Gas Reduction Fund, a $27 billion support package for helping nonprofits go green. She’ll explain how impact crowdfund investors can tap into this fund.
Diligence Reports
We’ll begin with the due diligence reports from the Impact Cherub Club members who volunteered to research the companies after we briefly learned a bit about them last month. After hearing the members’ reports, we’ll vote to determine whether or not to recommend investment in the companies. The decision will be made available to all Impact Cherub Club members, including those who don’t attend this month. Register here.
Here is the company we’ll learn more about this month:
El Centro Home
El Centro Home is raising funds on Small Change. It is a formerly vacant warehouse located at 3360 Frankford Avenue, Philadelphia, Pennsylvania, being remodeled into El Centre de Estudiantes Big Picture Philadelphia School. El Centro Home will function as the space for the school to improve job readiness skills and provide workforce training for their students. The first phase of construction of El Centro Home has already commenced and is expected to be completed in 2023. Joseph Brian Murphy founded El Centro Home in January 2022. The company is doing a side-by-side offering with a Reg CF raise open to everyone and a Reg D 506(c) raise open to accredited investors only. The current crowdfunding campaign has a minimum Reg CF target of $2,500, a maximum Reg CF target of $124,000, and a maximum 506(c) target of $2.4 million. The company will stop raising when it reaches the maximum target amount in both offerings combined or the maximum target of just the Reg D offering. The campaign proceeds will be used for the cost of construction. (Courtesy of KingsCrowd.)
Max-Impact Members
The following Max-Impact Members provide valuable financial support to keep us operating:
Carol Fineagan, Nicholas and Company | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear | Ralf Mandt, Next Pitch | Sheryle Gilihan, CauseLabs | Add Your Name Here
Upcoming SuperCrowd Event Calendar
If a location is not noted, the events below are virtual.
Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on August 20, 2024, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.
SuperCrowdHour, August 21, 2024, at 1:00 PM Eastern. Each month, we host a value-laden webinar for aspiring impact investors or social entrepreneurs. At this month’s webinar, Devin Thorpe will provide a “Step-by-Step Guide to Raising Capital from the Crowd.”
Recently, we created an AI GPT to help you learn more about The Super Crowd, Inc., a public benefit corporation, and our upcoming events. Click here to try it.
Community Event Calendar
Successful Funding with Karl Dakin, Tuesdays at 10:00 AM ET – Click on Events
Main Street Skowhegan and NC3 Entrepreneur Finance Workshop Series, September 17 – November 19, 2023.
Crowdfunding Professional Association, Summit in DC, October 22-23
If you would like to submit an event for us to share with the 8,000+ members of the SuperCrowd, click here.
Originally Published on https://www.superpowers4good.com/
