“ A revenue source is a discrete income source with its own characteristics and requirements. It can be earned income or unearned income. ” Intermediary Development Series: Building Multiple Revenue Sources (http://www.acf.hhs.gov/program/ccf)
Earned income: Money received by a person or organization for product sales or service rendered.” Unearned income: Organizational income derived from philanthropic gifts and investments, as contrasted with fees for service or product sales.” Referenced in last slide
“ Financial Resources are the ranging assets of your organization, from actual cash, property and inventory to your staff and volunteers, good will, reputation, constituent base, board members and partners of your organization.” Referenced in the last slide
Module 2: Traditional Funding Sources: Grants, Donations & Foundations
Grants awarded in the non-profit sector are usually resources (monies or product) granted to an organization to fulfill it’s mission. Sources for grants include private foundations, as well as city, state, and federal agencies.
Enterprising Nonprofits: Revenue Generation in the Nonprofit Sector by Cynthia W. Massarsky and Samantha L. Beinhacker a joint project by Yale School of Management – The Goldman Sachs Foundation and Partnership on Nonprofit Ventures .
As a non-profit though, you can incorporate small scale entrepreneurial projects that:
provide good experiences for your clients,
help your organization examine new revenue generation options, and
help strengthen your mission.
There are usually three primary parts of a business plan:
the business concept
the marketplace section
the financial section
Breaking these three major sections down even further, a business plan consists of seven key components: Executive Summary Business description Market strategies Competitive analysis Design and development plan Operations and management plan Financial factors