Are you located in eastern WA, eastern OR, Idaho, Montana or Wyoming?
Do your services benefit children and strengthen communities?
Do fewer than 50,000 live in the communities your serve?
Do you measure your outcomes and care about results?
Do you need a loan to replace or repair systems and equipment critical to your organization's success?
Rural Asset Replacement Fund (Alpha)
Land or facility (including things like roofs).
Systems supporting the property (like A/C).
Vehicles or specialized machines.
Property, Plant and Equipment (PPE) are the long term or non-current assets on the balance sheet. This includes land, buildings, machinery, office equipment, vehicles, furniture and fixtures used in a business. Also included in property, plant and equipment is the accumulated depreciation for these assets (except for land, which is not depreciated).
Property, Plant & Equipment Investment Examples
A food bank in Idaho that delivers hundreds of meals per day across a thousand square mile area currently operates a 15-year-old refrigerated truck with well over 250,000 miles on it. Aside from the risk of imminent breakdown (which occurs with great frequency), fuel costs associated with operating this vehicle are easily 20% above more modern equipment. That is 20% more fuel, every mile and every day, or people go hungry.
A 20-year roof springs multiple leaks in year 16 for a Community Health Clinic serving over 4,000 patients in a service area in excess of 10,000 square miles. Buckets full of water spread throughout the facility leaving multiple exams rooms and the antiquated x-ray equipment unusable.
The retail outlet of a local food system loses the compressor on its freezer in the only grocery store within a 40-mile drive. About 1,000 families purchase essential foodstuff here. Meat, dairy and frozen foods are unavailable until the compressor can be repaired or replaced.
An interstate fiber optic trunk-line runs just beneath the principal two-lane highway that serves as the major transportation corridor for over 19,000 people in a 60-mile stretch. Unfortunately, the elementary school, about a half-mile from the road with over 400 students, has never had internet access and currently lacks the ability to finance the last ½ mile fiber extension which would provide their students access to a 21st century educational resource.
Within every community, there are tentpole organizations which provide goods and services allowing individuals to benefit from shared resources.
Increasingly these community institutions budgets are being cut and their potential contribution to regional prosperity ignored.
Our lack of investment in infrastructure for future generations makes it appears we are learning to accept extreme economic inequality.
It is true that middle class Americans are now a minority, however in every community there exist people who believe in this shared experiment of equal opportunity, we call the United States.
It is those people i3 intends to invest in. The ones contributing to the community’s shared future. We believe they are the foundation of our economic success.