INSPIR3’s capital campaign goal is to raise approximately $30.6 million dollars. While this may seem daunting at first sight, these funds would be used to purchase land, hire quality, licensed staff, and build/outfit a 50,000 square-foot, energy-efficient building, including a 7,500 square-foot child play care facility. Our building would contain 57 treatment rooms and would be customized with sound proofing to preserve confidentiality, integrated technology to enable mentorship of interns, seamless collaboration between different mental health specialties, and online therapy across the entire facility. INSPIR3 could be the pilot program to saving Nevada billions of dollars. Find out how here.
While some might consider building our facility from scratch a waste of money, our careful calculations have revealed that this option provides the best return on investment, as its creation would eliminate rent increases and minimize utility increases, while providing a projected surplus margin of 16% per year. In addition, the sustainability introduced by INSPIR3’s renting of unoccupied rooms would allow replication to other parts of Nevada and into different states in the future. INSPIR3 projects that its services would allow us to help approximately 24,000 people per year and provide internship spots to about 100 interns a year. The ability to expand would increase these numbers, indicating that INSPIR3 could make a significant impact on creating a mentally well community population.
|Land||$3,150,000||Signs and Directories||$95,902|
|Building||$10,145,997||Furniture and Appliances||$853,065|
|Parking Lot and Landscape||$440,001||Treatment Tools and Play Equip.||$520,288|
|Access Control System||$524,975||Office and Facility Equipment||$55,282|
|Indoor/Outdoor Cameras||$34,648||Start-up Staff||$2,045,330|
|Security Tint||$553,586||Start-up Marketing||$1,172,919|
|Sound Proofing||$345,331||Other Start-up Expenses||$1,657,672|
|Child Play Care Enclosure||$278,071||Working Capital||$8,774,244|
According to USA Today, the United States expends approximately $444 billion dollars a year on mental health. What is unfortunate is that “the bulk of the cost to society [2/3 of the total] stems from disability payments and lost productivity”. This is disconcerting given that findings indicate “early intervention can prevent mentally ill people from deteriorating, halting what once seemed like an inevitable decline”. Extrapolating these statistics to INSPIR3’s target population of Nevada, the state represents approximately 1% of the population in the United States, which translates to approximately $2.96-billion-dollars of avoidable costs per year (($444 billion national mental health costs) X (1% of population for Nevada) X (2/3 avoidable costs)). In Florida, it was found that increasing the diagnosis and treatment of depression and substance abuse resulted in a $7 ROI for every $1 dollar invested.
If $1 dollar saves $7 dollars as indicated in the Florida investment, then it would only require an investment of $423 million dollars in Nevada to offset the entire $2.96 billion dollars of avoidable costs as noted above. INSPIR3 wants to be the pilot program towards this new initiative and is only looking for $30 million dollars to address the mental wellness needs in Nevada. Isn’t it time that we invest in quality, preventative mental wellness services and stop trying to use a Band-Aid to fix a broken infrastructure?
Please contact us if you would like more information about our capital campaign or visit our donate now page to help us with our cause. Every donation counts and is appreciated!
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure, and scientific and technological research increase it, creating more good jobs and new wealth for all of us. Bill Clinton