The Economic Value of Volunteer Work Presented by Kilpatrick and Hart

Dedicated to volunteer work, Kilpatrick and Hart, Ltd., Inc., is a specialized financing firm based in Trenton, New Jersey. The President of Kilpatrick and Hart has volunteered his services to hospitals, churches, and residential communities for over a decade. Here, the firm explains the dollar value of an hour of volunteer work.

Each year the Independent Sector releases an estimated hourly value in dollars for volunteer work. This number is based upon the average income for non-supervisory and production work, and is increased by 12 percent to account for benefits. Assuming all volunteers perform equal tasks, the current dollar value for an hour of time is $21.79.

However, not all volunteer tasks are equivalent. For instance, if a trained professional volunteers time in his or her specific field, such as bookkeeping, this equates to more economic value than someone who volunteers time cleaning or gardening. This becomes clearer when considering replacing volunteers with paid staff, where wages are significantly higher for specialized skills.

Ultimately, although the actual economic worth of donated time can vary from task to task, all volunteers are appreciated and considered valuable to communities and organizations.


Kilpatrick and Hart Details the Advantages of a Financial Consultant for a Small Business Owner

The plethora of funding options and Byzantine financing regulations make it more difficult than ever for a small business owner to navigate the lending process. By serving as an intermediary to lenders, financial consultants help small businesses clear many of the hurdles to project funding.

Additionally, a financial consultant has access to a wide variety of safe, prospective lenders. A financial consultant can send a small business’ proposal to an assortment of the best qualified lenders based on the business’ specific proposal and circumstances. This saves the small business time and legwork in researching lenders and applying to each one on its own. Particularly with specialty projects, for which lending options may be scarce, a financial consultant’s resources can be invaluable.

A good financial consultant will also go beyond merely acquiring a list of prospective lenders for its network. It can eliminate lending programs that may appear enticing on the surface but are too risky or otherwise inappropriate. Thus, a financial consultant can be a valuable asset for a small business seeking financing.

Kilpatrick and Hart Ltd., Inc., is registered with the Better Business Bureau and advises clients on a wide range of specialty financing projects, ranging from real estate financing to entertainment and multimedia business projects.

Ravioli: A Food for All Occasions Presented by Kilpatrick and Hart, Ltd, Inc.

Today, ravioli is a food enjoyed well beyond the borders of its Italian homeland. The popularity of this stuffed pasta creation can be attributed in large part to its limitless diversity. In Italy alone, traditional preparations include…

– Vegetarian ravioli. For Friday meals, especially during Lent, many Catholic Italians do not eat meat, and so frequently prepare ravioli with vegetables, eggs, and cheese instead.
– Seafood-stuffed ravioli. In Italy’s coastal cities, pasta stuffed with seafood is common. The accompanying sauces are typically light and lemon-based.
– Sauce-baked ravioli. While many Italians boil ravioli in broth and then serve it, others follow the boiling step by baking the pasta in a rich sauce.

What contemporary Americans might think of as “standard” ravioli—that is, pasta stuffed with meat and served with tomato sauce—is also common in Italy, although it did not become so until tomato plants were introduced to the country in the 1700s.

About Kilpatrick and Hart

Located in Hamilton, New Jersey, Kilpatrick and Hart, Ltd, Inc. enjoys proximity to many renowned Italian restaurants. In addition, Kilpatrick and Hart maintains relationships with brokers and loan originators on the international stage.

Benefits in Gaining Prequalification for Business Loans By Kilpatrick and Hart

People who are interested in acquiring a new business or expanding their existing operations often find that obtaining prequalification for financing expedites the process. Because there are no delays associated with weighing various funding options, they remain in control of such functions as negotiation and timetables. Moreover, the other parties participating in the transaction sometimes agree to a resolution of the deal faster if they know the buyer is not scrambling to put together a capitalization program.

Buyers in business deals generally pursue debt financing or equity financing. Debt financing involves borrowing funds from a bank or other outside source. Debt service in such instances encompasses the repayment of principal, as well as interest. Equity funding, on the other hand, entails the sale of shares of stock in the business. Outside investors, including venture capitalists, often provide the capital in such financing.

About Kilpatrick and Hart: Kilpatrick and Hart, Ltd., Inc., works closely with clients to identify capital needs and obtain funding to realize their objectives. The company’s competencies include the development of business plans, funding schedules, and outreach to potential lenders and investors. It specializes in financing for enterprises in such industries as hospitality, real estate, farming, and assisted living.

Tom Hart on the Critical Nature of Transparency in Commercial Lending

The current financial climate has made many lenders and developers alike wary of the lending process. Lenders are reluctant to commit funds to projects, and developers are concerned that they may lose deposits and application fees if their proposals are rejected. We discussed the issue with Tom Hart, co-founder of the respected commercial loan consulting firm Kilpatrick and Hart, Ltd., Inc.

Q: What exactly is meant by transparency in your business?
Tom Hart: Transparency refers to the process being out in the open for all to see. At Kilpatrick and Hart, we have an established funding process, called the 8-step process. It is set forth on our website at, laid out in detail, with every step explained thoroughly.

Q: How would you say your 8-step process makes borrowers less reluctant to apply for a loan?
TH: The first three steps of the process are informal, but everyone goes through them. They are designed to make sure that there is sufficient interest in the borrower’s project. First, we review the borrower’s description of the project, and if we think it is feasible, we will share it with our network of lenders. If there is interest in funding the project, then we will go ahead with the application process, but if there is no interest, we will so advise the borrower. All this is before any deposits or success fees are paid; if there is no interest at this point, the borrower has not lost anything.

Q: How does the 8-step process encourage lenders to participate?
TH: The answer to that is the nearly 25 years of honest dealing we have built up with our network of lenders. They know that we are not going to present them with a project we think is not feasible. In addition, they know that we tell borrowers that there is no guarantee of funding even after lenders have expressed a conceptual interest.

Five Great Italian Restaurants in New York City by Kilpatrick and Hart Ltd., Inc.

Here at Kilpatrick and Hart Ltd., Inc., we have the privilege of being located not too far from New York City. Some of our employees enjoy traveling to the city to sample its restaurants, and we have compiled this list of several of New York’s best Italian eateries.

1. Scalini Fedeli NYC

Opened in 2000 by Chef Michael Cetrulo, Scalini Fedeli does its best to create a flawless dining experience for its customers. The restaurant offers classic Italian foods with French influence in an elegant dining area with antiques and romantic artwork.

2. Babbo Ristorante e Enoteca

Located in Greenwich Village near Washington Square Park, Babbo is the brainchild of Joseph Bastianich and celebrity chef and author Mario Batali. Its menu showcases fresh produce, Italian cheeses, meats, olive oils, and more for an award-winning experience. The restaurant also has a substantial wine menu and offers a bar where customers can eat or drink as they like.

3. Carmine’s NYC

With locations in the Theater District and the Upper West Side, Carmine’s offers generously portioned, family-style Italian food meant for sharing. The restaurant seeks to treat every meal like a wedding feast, and its Washington, D.C., location recently won Top Favorite Restaurant at the 2011 RAMMYS awards.

4. Il Mulino New York

Founded by immigrants from the Italian city of L’Aquila, Il Mulino New York has been voted the number one Italian restaurant in New York City by Zagat’s for more than 20 years. The eatery offers simple, rustic cuisine ranging from lamb and fish to pecorino and ricotta. Il Mulino now operates locations worldwide, but the New York site is where it all got started.

5. Da Nico Ristorante

Da Nico enjoys a star-studded patronage, having hosted New York Yankees baseball players, movie stars, and even former Mayor Rudolph Giuliani. The restaurant offers both indoor and outdoor seating, serving brick-oven pizza, grilled lobster, and barbecue dishes in addition to traditional appetizers and pastas.

Robert Wood Johnson University Hospital

by Thomas Hart, President and CEO of Kilpatrick and Hart Ltd., Inc.

One of 140 hospitals on the 2011 U.S. News and World Report list of “America’s Best Hospitals,” Robert Wood Johnson University Hospital provides patients in the New Brunswick, New Jersey, area with services ranging from cardiac screening and heart transplants to emergency medicine, pediatrics, cancer care, and more. The hospital has earned a number of prestigious accolades, including a rating as one of 50 exceptional hospitals by The Leapfrog Group, a top 10 rating in clinical quality from researchers at Harvard University, and the Magnet Award for Nursing Excellence.

The hospital was founded in 1884, and today it boasts 600 inpatient beds and more than 1,300 affiliated surgeons and physicians covering a range of medical specialties. It is the primary teaching hospital of the Robert Wood Johnson Medical School at the University of Medicine and Dentistry of New Jersey and the center of a medical campus that features the Cancer Institute of New Jersey, the Child Health Institute of New Jersey, and The Bristol-Meyers Squibb Children’s Hospital. At any given time, the hospital provides between 300 and 400 residencies and trains nursing students from five different schools.

The hospital dedicates itself to guiding patients who have had difficult surgeries, been diagnosed with a challenging condition, or who present high risk because of health problems or age. An editor at U.S. News & World Report pointed out that it was a place “where other hospitals send their sickest patients,” and that it was a facility to keep in mind “when the stakes are high.”

Offering progressive techniques like Gamma Knife Perfexion and experimental laser brain surgery, the hospital strives to stay at the forefront of the medical industry. To this end, it operates The RWJ University Hospital Foundation, which develops financial support for the facility and strives to demonstrate to potential donors that a gift to Robert Wood Johnson University Hospital benefits the donor, the hospital, and the community.

About the Author:

Thomas Hart, in addition to his duties at Kilpatrick and Hart Ltd., Inc., has volunteered for more than 11 years at Robert Wood Johnson University Hospital. In addition to serving as a member of the hospital’s emergency care team, he has made hundreds of visits to patients at the hospital as part of its Caring Hearts program.