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Module 2 Case Study: The Case of the Misclassified Corporation

Janine was an accomplished professional. She received her MBA from Stanford Graduate School of Business and landed an analyst position at Bain & Company right out of business school. Within 4 years she had promoted to Director.

Janine’s mother and biggest supporter suddenly passed away 2 semesters before Janine graduated. To honor her mother’s memory, Janine decided to start a nonprofit in her hometown, “The Janet Price Memorial Foundation.” The mission of the organization was to support young African American women aspiring to obtain a degree in business from a 4-year institution.

Janine started the organization in her mother’s hometown of Washington, D.C., placing her best friend Rhonda, a yoga instructor; younger sister Ja’nae, a paralegal; and favorite cousin Tonya, a screenwriter—all African American women—on the board.

Four months after incorporating, Janine held the nonprofit’s first board meeting where she shared with the board that her goal was to leverage her business relationships with clients over the years to get Angel investors and Bain to provide capital to the organization. The goal is to have the companies cover their salaries for the first 4 years until the organization graduated their first cohort of graduates who would receive paid internships at her company once the participants secured their business degree.

After the 4 years, the organization would have tangible results and would hire a grant writer to secure grants to support the program. The Board voted to approve Janine’s proposal and move forward with putting together a pitch deck and presenting the plan to potential Angel investors and Bain.

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