THE NONPROFIT BUSINESSPLAN: THE RATIONALE ANDESSENTIAL ELEMENTSElizabeth B. Bolton, Ph.D.Community Development and Nonprofit LeadershipDepartment of Family, Youth and CommunitySciencesUniversity of Florida
BACKGROUND AND RATIONALE A valuable part of the community Leadership Volunteers Services Financial Capital Employment Social Capital
NONPROFITS AND OTHER ORGANIZED GROUPS MAKEECONOMIC CONTRIBUTIONS TO COMMUNITIES BYDEVELOPING LEADERS
NONPROFITS MAKE ECONOMIC CONTRIBUTIONS BYTRAINING VOLUNTEERS
NONPROFITS MAKE ECONOMIC CONTRIBUTIONS TO COMMUNITIESBY EXTENDING SERVICES TO TARGET AUDIENCES
NONPROFITS MAKE ECONOMIC CONTRIBUTIONS TOCOMMUNITIES BY CONTRIBUTING TO FINANCIAL CAPITAL.
NONPROFITS MAKE ECONOMIC CONTRIBUTIONS TOCOMMUNITIES BY PROVIDING EMPLOYMENT.
NONPROFITS MAKE ECONOMIC CONTRIBUTIONS TOCOMMUNITIES BY CONTRIBUTING TO SOCIAL CAPITAL.
In Floridathere aremore than46,587nonprofitsBureau of Labor Statistics IRS Exempt Orgs(2005)
In Floridanonprofitsdirectlyemployapprox.380,000people.National Center for CharitableStatistics (2005)
Florida nonprofits generate an additional 250,000 jobs fromspending by the organizations and their employees.Phil. And Nonprofit Leadership Center. (2002)
Floridanonprofits arethe FOURTHLARGEST Sourceof employmentamong all industrysectors.IRS EOMF (2005)
Floridanonprofitshold assetsexceeding$76.2 billionPhil. And Nonprofit Leadership Center. (2002)
Florida nonprofits generate at least $300million in sales tax.Phil. And Nonprofit Leadership Center. (2005)
Florida nonprofits generate more than$14.6 billion in wages andcompensationPhil. And Nonprofit Leadership Center. (2002)
Florida nonprofits generatemore than $61Billion in totaleconomic activity.Phil. And Nonprofit Leadership Center. (2002)
Nonprofitsector in Floridahas grownfaster than thestate’s overalleconomy.Phil. And Nonprofit Leadership Center. (2002)
Full time 250,000 equivalent = volunteer workersPhil. And Nonprofit Leadership Center. (2002)
“Florida’s nonprofit sector is an economic powerhouse, generating andexpending billions of dollars and employing a significant proportion ofFloridians. However, this sector remains relatively smaller in Florida than itscounterparts across the country.” (p. 4)Salamon, L.M., Geller, S.L. and Sokolowski. S.W. (2008). Florida’s Nonprofit Sector: An Economic Force.Nonprofit Economic Data Bulletin Number 29. Baltimore, Md: Center for Civil Studies, John HopkinsUniversity.
THE BUSINESS PLAN• Leaders/Board/Governance• Organizing Documents• Strategic Plans• Financial Management• Marketing• Public Relations• Fund Raising Plan• Volunteers• Programs/Services/Products• Lobbying Plan• Ethics Plan• Risk Management Plan
THE CONCEPT UNDERLYING THEORGANIZATION Problem/Issue Who is impacted Dimensions of the problem What will happen if problem is not addressed Outcomes What is missing/needs to be done differently Why is this NPO needed
CONTROLLING DOCUMENTS EIN Bylaws Articles of Incorporation IRS Letter of Exemption Consumer’s Certificate of Exemption Uniform Business Report Solicitations of Contributions Registration
GOVERNANCE/LEADERSHIP Board of Directors Size Officers w/position descriptions Org. Chart Committees – Standing, Ad Hoc Executive Director Board Assessment Plan
THE STRATEGIC PLAN• Environmental Analysis• External Threats and Opportunities• Internal Strengths and Weaknesses• Mission• Vision• Goals• Objectives• Service to be provided• Who will provide the service
FINANCIALS Budget Balance Sheet Income Statement Statement of Cash Flow 990
MARKETING Analysis Target Audiences Goals and Objectives Analyze target audiences and competition Develop market strategies Price, Product, Place, Promotion Evaluation and Monitoring
PUBLIC RELATIONS Goals and Objectives Vision and Mission Values Critical Elements Research, message, materials, work plan Media/endorsements/Internal com. Crisis control
RISK MANAGEMENT Volunteer elements and mitigation strategies Financial elements and mitigation strategies Employer/employer elements – mitigation Insurance Who is responsible?
GETTING TO WHERE YOU WANT TO BE:LOCAL RESOURCES NCNCF Workshops Newsletters Networking Membership Dept. Family, Youth and Community Sciences Certificate in Executive Leadership in NPO (Distance Ed) BS and MS Interns Alachua County Government Alachua County Library – Foundation Directors E civis