Projected Grant Yields

A best-case scenario

The following chart appears at the top of our AngelBase Introductory Page, beneath Jessica who is pouring the gold coins:

Our AngelBase Introductory Page also states:

Before you get mesmorized by these and rest of the numbers presented on this page, please remember that a sacred investment should be made in a responsible and balanced manner.

Here is what we mean by this:

• On the one hand, it is important for you to have a clear vision of the outstanding grant yields that we believe our Angelic Missions will receive. We are doing everything we possibly can to make AngelBase an industry-transforming mega-success.

• On the other hand, please be aware that we cannot guarantee results. We have hung in there for 13 years now, surviving through some very tough times, learning a huge amount, and bringing AngelBase ever closer to fruition. But no matter how good our intentions, no matter how hard we work, and no matter how fervent our prayers, it is possible that we might fail.

If you join the Legacy of the Angels and make a sacred investment, please do so with a healthy, balanced awareness of these two extremes. Please look at the incredible numbers on this page with an awareness that they represent the "best case" scenario, and that the "worst case" scenario is that no grant money will ever get paid.

Here is the most important thing: Please don't donate more money than you can afford to be without. That way, if we succeed, the Angelic Mission you designate will succeed with us according to the size of your donation. And if we fail, you will not face financial hardship. That is balance.

That said, let's take a look at the numbers.

The above is a summary of a much larger projection spreadsheet. You may download the entire projection spreadsheet:

• Click here to download Microsoft Excel file, with formulas.

• Click here to download tab-delimited text file, without formulas.

The pale green row at the bottom of the spreadsheet shows the numbers presented on our AngelBase Introductory Page, and again at the top of this page, except that it only includes three selected years.

The market

The market numbers we use in the spreadsheet are very rough. In years past we have spent thousands of dollars to obtain accurate market research data from companies like IDC. We think it is a waste of our money to repeat those expenditures. So we are taking round numbers here, based upon our understanding of the market and various (free) sources of information, such as the Fortune 500 listings. We believe the numbers are less than those which would be obtained from a detailed analysis of the most expensive market research available.

Two distinct markets are involved.

The database-related market is shown in yellow bands, and the computer hardware and microchip market is shown in orange bands. For each market, we estimate the overall size of the market, project the market share we think we can capture, and calculate the revenue from the market.

The worldwide market for database-related products today is a staggering $120 billion. It's actually higher than that, but we rounded it down. This market is complex and includes database platform software, database "imitation" software (such as spreadsheets, report writers and CASE tools), Internet browsers, and (the largest chunk) database applications software.

Over the past couple of decades, this market has been nearly doubling every five years. We have made the conservative assumption that it will double in about ten years to $250 billion by 2015, and we have interpolated approximate intermediary figures for the intervening years.

AngelBase challenges this market at its technological core. Virtually every product in this market is vulnerable to AngelBase and would become a much better product if it were based upon AngelBase rather than existing technology. In the spreadsheet, we have assumed that we can capture 0.1% of this market by 2008, 1% by 2011 and 10% by 2015.

The worldwide market for computer hardware (including the microchips that they are made from) is much larger. We have approximated it at $600 billion today. This market grows more slowly than the database market. We have projected it to grow to $950 billion over the next ten years, and we have interpolated approximate intermediary figures for the intervening years.

We don't anticipate entering the computer hardware market with AngelMachines until 2010 at the earliest. AngelMachines will challenge the vast computer hardware and chip market in a significant way, however, many elements of that market will not be immediately affected by AngelBase. In the spreadsheet, we have assumed that we can capture 0.001% of this market by 2011 and 0.05% by 2015.

Revenues

The market size and market share projections are used to calculate revenues for each of the two markets for each year. These revenues are then combined in the first row of the dark pink band to show AngelBase gross revenues.

In the second row of the dark pink band, we assume that net revenues will be 50% of the gross revenues. The net revenues do not include the expenses of ATC fees and grants to Angelic Missions.

In the for-profit sector, grant expenses would not exist. Therefore, it is useful to see what the "earnings" are of several computer industry leaders as a percent of their gross revenues. Last year, Microsoft's earnings were 29% of its revenues, Oracle's were 26%, and IBM's were 8%. They, however, are for-profit corporations that must bear the following substantial burdens that The Legacy of the Angels will entirely avoid:

• corporate income taxes (we are tax exempt)

• employment taxes (unlike most nonprofits, we are also exempt from employment taxes, as explained on our Business and Employer Laws page)

• employees whose motivation and loyalty are largely limited to money (our workers are engaged in their spiritual calling and are 100% motivated by their desire to eliminate human suffering)

For these and other reasons, we believe that we can do better than the industry leaders. Therefore, 50% is a reasonable estimate for AngelBase net revenues, as a percent of gross revenues, and the net revenues are given in the third row of the dark pink band.

ATC shares

The light blue band shows the shares of stock in AngelBase Technologies Corporation. The church currently owns 14,305,950 million shares that were donated by Mark. That number is not shown on the summary spreadsheet, but appears on the complete spreadsheet.

We anticipate that after the ATC contract is completed, several large ATC shareholders will immediately donate all or a portion of their stock.

We anticipate that over the next several years the ATC shareholders will have strong incentives to "elevate" their AngelBase investments by joining The Legacy of the Angels, creating Angelic Missions, and donating their shares. However, for tax reasons, some large shareholders will want to split their donations out over several years.

We estimate that 500,000 shares will be donated in 2005. Thus the 2005 figure in the spreadsheet shows 14,805,950 shares owned by the church, which is the sum of the shares donated by Mark and the 500,000 shares.

When all the shares have been donated, ATC will be dissolved, which we project will occur by 2009.

AngelBase Hearts

The light pink band shows AngelBase Hearts endeared to Angelic Missions, which are organized into three groups:

• Mark's various Angelic Missions. Mark has many other large-scale projects in addition to AngelBase. His missions will be endeared with hearts as a consequence of his donating all his ATC stock to the church. However, the number of hearts endeared to Mark's missions (collectively) will be only half the number of ATC shares he has donated. Thus, the 7,152,975 hearts shown for Mark's missions is half of the 14,305,950 shares he donated.

• Missions of other stock donors. Whenever an ATC shareholder (other than Mark) "elevates" his/her investment, the number of AngelBase Hearts endeared to his/her Angelic Mission will equal the number of ATC shares donated. Thus, since we assume (in 2005) that 500,000 shares will be donated, we see 500,000 hearts in this row of the light pink band. In subsequent years, as additional donations of shares occur, the number of non-church shares in the light blue band decreases in a number equal to the increase in the number of hearts endeared to the missions of the stock donors in the light pink band.

• Missions of capital donors. When Angels donate capital (in US Dollars or in gold), the number of hearts endeared to their designated Angelic Mission depends upon the heart index. The heart index will rise as the success of the AngelBase project unfolds. Projected capital donation amounts and projected average heart indexes are not included on the summary spreadsheet, but you can see them if you download the complete spreadsheet. The number of hearts endeared to these missions as a result is shown on the third row of the light pink band.

Combined hearts and non-church ATC shares

According to the contract that will be executed beween ATC and the church, a "combined distribution" expense (of fees to ATC and grants to the Angelic Missions) requires adding the non-church ATC shares to the total hearts. This is shown in the first row of the dark blue band.

The amount of a combined distibution expense will, according to contract, be 50% of the net AngelBase revenue. This is shown in the second row of the dark blue band

The combined expense is split according to a pair of fractions:

ATC expense

The ATC_fraction is shown in the first row of the turquoise band. The amount contractually payable to ATC for the purchase of AngelBase is the ATC_fraction times the combined expense. This is shown in the second row of the turquoise band.

Grant expense

The grant_fraction is shown in the first row of the bright green band. The amount voluntarily paid, in a combined distribution, as grants to the Angelic Missions is the grant_fraction times the combined expense. This is shown in the second row of the bright green band. The grant funding voluntarily paid per heart is shown in the third row of the bright green band.

Grant yields

The pale green band shows, for the three selected years, the grant yields arising from a donation at an index of $2.16 per heart.

The first pale green row show the yield as a percentage of the amount donated, which equals the grant funding per heart, divided by the index. Thus, in 2008, the grant funding, $3.23, divided by the index, 2.16, give us 1.49 or 149%.

The second pale green row makes that yield specific for a donation of $540. Thus, in 2008, we take $540 times 149% and get $807.

In the event that you become an Angel member and donate capital to AngelBase, please donate responsibly. Your donation amount should not be large enough to create an economic hardship for you or your dependents. God does not want you or your family to suffer as a result of your donating.

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