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STEER Inc.

The Fellowship of Christian Athletes engages coaches and athletes to grow in their faith and sport.

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STEER, Inc.

“STEERing Money to Missions”
Post OfficeBox 1236,Bismarck,North Dakota58502/www.steerinc.com

HISTORY:

¨Founded 1957
¨Non-profit, mission fund-raising program
¨Dedicated to help financially strengthen & under gird missionary work
¨Benefits the missionary(s) ofmembermission organizations
¨Three-way stewardship program of donor, farmer, and mission society

PARTICIPATION:

¨STEER’s donor gives a $700.00 contribution (a “unit”/cow)
¨FCA rep. asks farmer to accept a cow
¨Farmer & FCA rep. complete an agreement form
¨STEER (a) provides a breed cow, or (b) purchases farmer’s breed cow
¨Cow is designated and delivered to farmer, or farmer’s cow is purchased
¨Cow has calf
¨Calf is weaned and sold at cattle auction/ sales
¨Market writes check to STEER, Inc.

DETAILS:

¨Farmer can take up to 5 Cows
¨3 year commitment
¨Cow(s) remains STEER’s property
¨Cow(s) insured by STEER
¨All vet bills for cow and calf are paid by STEER
¨Cow is replaced if it dies
¨Farmer’s only cost is winter hay
¨Farmer doesn’t show any revenue gain, so no tax(es)

If you are interested in adopting a cow, please contact our office.



REVENUE DESCRIPTION:

STEER donor gives $700.00 “Unit”

STEER Representative purchases cow. If purchase price exceeds $700.00,the excess is subtracted from sale of first two calves (50% each year).

STEER retains 25% of revenue of each calf sold, each year. This percentis for administrative and insurance expenses.

CURRENT MARKET EXAMPLE:
Cow purchased at ---$900.00---- (extra purchase expense of $200.00)

 Year 1

Calf sells for

Minus 50% of extra expense

Minus STEER's 25%

FCA Revenue

 $600

-$100

-$150

 $350

 

 Year 2

Calf sells for

Minus 50% of extra expense

Minus STEER's 25%

FCA Revenue

 $600

-$100

-$150

 $350

 

 Year 3

Calf sells for

Minus STEER's 25%

FCA Revenue

 $600

-$150

-$450

 


3 Year FCA Revenue = $1,150.00

(NOTE: agreement is not limited to 3 years and revenue increases by number of years.)