The reason for this loan is for the acquisition of a larger facility and hire the necessary staff to run it efficiently.
We have had replicas, real fossils, and information in storage for many years and it should not be hidden from the public. Jesus says in Matthew 5:15, Mark 4:21, and Luke 11:33 that no man lights a candle and puts it in a secret place or hides it under a bushel. But you put it on a candlestick so that people can see clearly and not stumble in darkness.
We also need a full-time office manager who can schedule school groups from public, private, and Christian schools to come daily. There are over 4500-4700 students attending Christian schools plus the thousands in the public schools that need to see this powerful evidence. We need to have full and part time staff and volunteers who can present these evidences in a clear and concise manner.
Some groups would like to come through in early evening so we need to be more easily accessible to the public. Also, the purchase of Stan the T-Rex, one of the more famous T-Rex’s in the world, would be a huge draw (this is a part of the financing). People drive a thousand miles just to see a replica of this mighty tyrannosaurus rex replica. This would greatly increase our income to finance the ministry.
With a larger building all these artifacts, fossils, and information we have, that have been said to be life changing, would make it more accessible to all including unbelievers.
We believe to be right before the Lord we need to get these things into a larger facility so we can spread the good news of Jesus Christ and His creation to more people by making this museum more accessible.
Please consider investing in this museum to make it a reality.
There is a disturbing trend taking place in the churches of America today. Our young people are leaving the church at an alarming rate. Recent studies have shown that from 70% to 88% of America’s youth that have grown up in the Church are leaving it. The number one reason they give for leaving is “science has proven the Bible irrelevant.” It boils down to the fact that our young people are being taught a naturalistic view of origins, and our pastors and Bible scholars do not know how to teach Biblical Creation. We at Northwest Science Museum want to help change that trend!
Northwest Science Museum is a Natural History Museum from a Biblical perspective. The difference from our museum and most other natural history museums around the world is that our exhibits will be interpreted from the perspective of creation rather than naturalistic materialism (spontaneous generation and development by means of natural selection). Although we will offer both world views on all exhibits we believe scientific evidence clearly supports a Biblical perspective.
By presenting both world views, Northwest Science Museum is the most unique, and we believe one of the best museums in the world. Presenting both world views will draw people from all different viewpoints to come visit NWSM to evaluate some powerful evidences. This museum will strengthen the faith of those who believe in God and the Bible and present a credible alternative to those who believe in naturalistic materialism. The evidences do support the Biblical account about the creation of the universe, so that you may truly know that “In the beginning, God created…”. Genesis 1:1…
Our goals are large, but attainable. We need the help of those that would like to see the Biblical perspective well supported by science and nature around us. This is much bigger than just us; we need your help! Creation is more than a science, it is drawing out truth in our Creator, and exposing deceptions.
We are at war.
We are losing our children and men at an alarming rate because they don’t have answers.
We have answers at NWSM.Help us get the answers into your hands by helping support this ministry. Help us help you!
Please see “NWSM Presentation” under the Resource section to the right.
Friends of Northwest Science Museum, LLC (“LLC”) is a newly formed entity established for the sole purpose of raising investment funds through the sale of Notes in which 100% of the proceeds will be used to make a loan to Northwest Science Museum (“NWSM” or “Borrower”) evidenced by a Loan Agreement, Promissory Note and Deed of Trust secured by the property being purchased which is located at 7000 W Overland Road, Boise, ID 83709 (the “Property”).
The loan from LLC will be used to purchase the Property. Each potential investor is encouraged to read all information provided within the listing including the supplemental documentation. This includes reviewing the past, current and projected financial information provided, as well as documentation on the Property. This supplemental information helps provide context to the credit worthiness of the Borrower and the value of the Property which is collateralizing the loan.
Further, it is important to review the Borrower’s plan for repayment (“Repayment Strategy”), located in the “Borrower Information” tab, which outlines the plan for reducing principal during the term of the Loan as well as how the Borrower plans to address the balance of the Loan when it matures.
NOTE: NWSM is only required to satisfy installment payments on the loan and is not contractually obligated to make additional principal repayments on the Loan until the loan comes due.
The Notes to supporters of NWSM will have a maximum interest rate return of 4.0% for a period of 5 years. Each investor will have the ability to further reduce the rate for their specific Note which results in greater positive impact for the Borrower. Due to the lack of liquidity for the Notes during the term of the investment, investors must assume they will be required to hold the Notes for the full 5 years.
IMPORTANT: All potential investors need to click on the blue button above titled "Offering Memorandum" to read all about the details of the note investment opportunity including the related risks.
When an investor purchases a Note in this offering, the investor will be relying on the Borrower to make the installments payments due on the LLC loan and payment of principal on the maturity date of the loan. Please refer to the Offering Memorandum by clicking on the blue button above for further information on the Note investment opportunity.
NOTE: The current and past financials for NWSM do not support the ability to service a loan of $600,000 or more. The ability to service the loan is based solely on the expectation that revenues will be realized through ticket sales and bookstore/gift shop revenues as a result of having the Property. Potential investors must review financial projections carefully since NWSM’s ability to support obligations are dependent on achieving the assumed revenue goals. The past, current, and projected financial information can be found under the Resource section of the Borrower Information tab.
FURTHER NOTE: As with any organization, because of the importance of its key leadership, there is a risk that something could happen with any key leadership that would negatively impact the financial health of the organization and its ability to service the LLC loan.
Borrower has established a minimum loan need of $600,000 with a total loan need of up to $1,300,000 to purchase the Property, renovate, purchase displays and cover operating expenses. The total amount of the loan may be reduced in the event that designated gifts are realized. Please see the breakdown on how the full $1,300,000 would be allocated by reviewing the "Use of Proceeds" document under the Resource section to the right.
The Loan will have a Deed of Trust recorded in 1st position on the Property. To establish a valuation of the Property and due to the fact that the Property was on the open market for purchase, the best indication of current value is the purchase price of $600,000.
NOTE: If only the $600,000 is loaned with no further funds from the LLC, NWSM will not have the operational reserves are the resources to make the necessary improvements to help realize the revenue projections to support the loan obligation. Without gifts to then address this need, NWSM's ability to perform on financial projections would be dramatically impacted and this would significantly increase the risk associated with the investment.
Based on purchase price of $600,000, the total maximum loan amount of up to $1,300,000 results in a loan-to-value ratio that could be up to 200%. This presents significant risk in the event the Property and assets of NWSM needs to be sold to satisfy the Loan. In the event NWSM is not able to service the loan payments, the Property as collateral would potentially need to be sold to satisfy the Loan obligation. In such an event, due to the highly leveraged nature of the loan, it should be expected that the sale of the Property would not provide enough proceeds to cover the Loan and investors in Notes would realize a significant loss.
Property Address: 7000 W Overland Road, Boise, ID 83709
Property Status: Purchasing
Property Value: $600,000 - Purchase Price
“THE RETURN OF FUNDS OF THE PURCHASER IS DEPENDENT UPON THE FINANCIAL CONDITION OF THE ORGANIZATION.”
“ANY PROSPECTIVE PURCHASER IS ENTITLED TO REVIEW FINANCIAL STATEMENTS OF THE ISSUER WHICH SHALL BE FURNISHED UPON REQUEST.”
For the first several months we would be setting up in the new facility. Many of our displays are ready to be put together for public display. The bookstore/gift shop would be in full operation. We already have many thousands of dollars’ worth of books and gifts for the shop.
By the next school year, we should have field trips scheduled quite regularly.
As per the Pro Forma form, the Pro Forma projections show a $366,012 per year net profit. If we used $100,000 for expansion and more advertising, we would still have $266,000 per year towards repayment. $266,000 times five years would put the total at $1,330,000 and would pay the principal off in the specified time.
These forward looking financial projections are very realistic and based on other museums and the Discovery Center here in Boise, Idaho. We only used a small percentage of their ticket sales and gift shop income to base our projections on.
Again, with these forward looking financial projections we should be able to repay the loan in 5 years.
Are there any outstanding or pending litigations against the Borrower?
Are there any material changes in revenue sources that should be disclosed or are not represented in the financial information provided?
Are there any material changes in operating expenses that should be disclosed or are not represented in the financial information provided?
Are there any material changes in the Borrower’s leadership (compensated or non-compensated) that should be disclosed?
Are there any employment issues or claims outstanding or pending?
Are there any environmental issues on any of the real estate related to the Borrower loan?
Has the Borrower been in default in any obligations in the past 3 years?
Has any of the key leadership of the Borrower (compensated or non-compensated) been involved in any pending or current litigations or judgments that could adversely impact their ability to serve the Borrower?
Has any of the key leadership of the Borrower (compensated or non-compensated) ever been indicted or convicted of a felony?
QUESTION: What is the next step?
ANSWER: At the point that you are ready to participate, select "Get Started" and follow the simple steps. It takes about 2 minutes to enter the basic information, including your email address, amount you want to invest, and the rate of return you would like to receive. Choosing to take this first step is not a binding commitment.
QUESTION: What if I want to get my money out before the end of the investment term?
ANSWER: If you plan to access the funds prior to the maturity of the investment, it is encouraged that you not invest since there are currently no well-defined secondary markets for the investment. In the case of hardship, best efforts will be made to see if someone else would like to take your position, although there are no guarantees.
QUESTION: Can I make an investment using retirement funds?
ANSWER: Yes, but you are not typically able to direct funds from your current employer 401(k) or 403(b). If the instructions online are not clear or if you have questions, please contact Semble.
QUESTION: Are there costs in using a retirement account (i.e. IRA) to invest?
ANSWER: Yes, all custodians will charge a fee for holding this type of investment because they are not compensated through the normal fees they realize in holding traditional investments (stocks, bonds, mutual funds, etc.). The fee varies based on the custodian. The IRA custodian that is the preferred provider through Semble has a $25 setup fee and a flat annual cost of $65/yr. This cost should be taken into consideration when making an investment. There are no costs to invest using non tax-deferred funds since there is no need for custodial involvement.
Ready to commit to invest in the loan needs of Northwest Science Museum?
Click the blue Get Started button to enter your commitment. This is a non-binding commitment and Semble investor support is always available if you have any questions or need assistance.