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10152009 Board Meeting

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  • 1. Nourish International ! B OA R D O F D I R E C TO R S M E E T I N G 15 O C TO B E R 2 0 0 9 E R A D I C AT I N G P OV E RT Y | E N GAG I N G S T U D E N T S | E M P OW E R I N G C O M M U N I T I E S
  • 2. OUR AGENDA FOR THE EVENING INCLUDES: ROTATIONS OF ADDITIONS SUBTRACTIONS THE BOARD FUNDRAISING NOURISH UPDATE CHAPTER UPDATE REPORT ORGANIZATIONAL CHAPTER UPDATED GOALS GOALS FEEDBACK FORMALIZING TOPICS FOR BOARD 2010 BUDGET DISCUSSION PROCESSES CONSIDERATIONS
  • 3. NOURISH WELCOMES A NEW BOARD MEMBER… !   MARCIA ANGLE !   PROFESSOR AT DUKE’S NICHOLAS SCHOOL FOR THE ENVIRONMENT. !   BA FROM HARVARD, MD FROM DUKE AND MPH FROM UNC. !   ALL PLACES WHERE WE HAVE CHAPTERS. !   FOUNDER OF INTRAHEALTH. !   ALL KINDS OF AWESOME. BOARD
  • 4. …AND BIDS FAREWELL TO ANOTHER. !   SOME OF JOSH LEE’S CONTRIBUTIONS: !   FACEBOOK CHALLENGE !   Led the organization to raise more than $53,000 through his ingenuity, passion and hard work. !   NOURISH SUMMIT, 2007 !   Worked with staff and board members to shape Nourish’s expansion plan. !   KEY PART OF THE ORIGINAL NOURISH TEAM !   Carried the banner for raising the initial money needed to take off. BOARD
  • 5. NOU NEW INITIATIVES ARE IMPROVING CHAPTER H RISH EAD N CHA LINES F EWS PERFORMANCE. PTER RO NEA M A R YO U. !   CHAPTER SUPPORT !   Launching the Venture: A Special Venture Leader Training !   12 students from 7 Chapters attended a teleconference hosted by Jenna and Graham Boone. !   UPGRADING FINANCIAL TRACKING !   Revenue and expense reports, amounts larger thank $1k due on on the 15th of each month. !   SCRUBS VENTURE !   Pilot programs for UNC and Duke are underway. !   Will begin as soon as we have the seed money ($2.5k of 5k needed has been raised). UPDATES
  • 6. NOU FALL VENTURES HAVE BENEFITTED FROM H RISH EAD N CHA LINES F EWS IMPROVED TRAINING AND SUPPORT. PTER RO NEA M A R YO U. !   YALE CHAPTER DOUBLES PROFITS ON PANCAKES FOR POVERTY. !   Debuts pancake delivery service; sees increased revenue from higher per-order volumes and from the delivery surcharge. !   Other Chapters are considering the same concept. !   FIRST-YEAR CHAPTER MIAMI OHIO SCHEDULES 4 VENTURES BEFORE THANKSGIVING. !   Ventures: Night Time Nourish, Pledge-a-meal partnership, Coldstone percentage night. !   Projecting $3k in profit. !   UCLA AND UC DAVIS COLLABORATE ONART SHOW VENTURE. !   Other collaborating Chapters include Harvard/Yale, UNC/Duke. UPDATE
  • 7. NOU SEVERAL CHAPTERS FAILED TO COMPLETE H RISH EAD N CHA LINES F EWS LEADERSHIP TRANSITION. PTER NEA ROM R YO A U. !   WESLEY !   The Norris (Chapter Leader) transferred to Clemson to play soccer. !   ELON !   No Chapter Leader stepped up at the beginning of this year. !   AMERICAN !   No Chapter Leader stepped up at the beginning of this year. !   Combined profit: $1900 UPDATE
  • 8. MISSED OPPORTUNITIES HAVE KEPT THE PRESSURE ON. REDWOOD S GRANT: $7,500 IN !  Redwoods Grant: $0 2009 !  Frank Phoenix: $5000 FRANK PHOENIX !  Tom and Melissa Pfeil: $0 LY: TOM AND $10,000 MELISSA PFEIL LY: !  Board Give or Get $2000 $5,000+ each: $11,000 BOARD GIVE OR !   Total: $17,000/42,500 GET: $20,000 !  All numbers as of 9/30/2009. RELIEF FROM THE MONTH TO MONTH STRESS UPDATE
  • 9. DIVERSIFICATION OF REVENUE STREAMS HAS HELPED OFFSET DECLINES IN FUNDRAISING. • Board Giving • Major Donors 2008 Revenue: $128,041 Donations • Nourish donor base 2009 Revenue: $60,573 • In Kind • Foundations 2008 Revenue: $1,250 Institutions • Corporate 2009 Revenue: $0 Sponsors National Office Sources of Revenue 2008 Revenue: $1,050 • Wine Tasting Events • Nourish Night 2009 Revenue: $18,852 • Chapter Dues Earned • Founders Fees 2008 Revenue: $0 Income • Institute Fees 2009 Revenue: $18,598 All 2009 numbers are based on UPDATE Q1-3 + Q4 projections.
  • 10. Q4 PROJECTIONS ARE ESPECIALLY LEAN, BUT THE FIRST Q1 HOLDS NEW OPPORTUNITIES. Quarter 4 2009 Quarter 1 2010 DONORS Board Giving 8.5 k in commitments. 5k committed already. Donor Base 4.5 k projected. - Major Donors - 5k committed. INSTITUTIONS Foundations - 40k applied for. Corporations - 15k applied for. EVENTS 8.5 k projected. 5k projected. EARNED INCOME .5 k yet to collect. 3k projected. Total: 22 k projected. 73 k possible. UPDATE
  • 11. GLOBAL BRIGADES HAS PROPOSED THAT WE MERGE WITH THEM. Nourish’s Value to GB GB’s Value to Nourish Structural Changes • Promote GB on • Ensure budget for • Nourish becomes a campuses where they next two years. program of Global aren’t already. • Increase staff benefits Brigades. • Nourish staff’s ability (health benefits). • Nourish Board may to help expand GB’s • Administrative services continue to control its programming. (Legal, Travel, budget, but • Social Venture and 6 Marketing and PR) relinquishes all week project model covered. liability. • Expand Nourish • Potential for one programming over Nourish leader to join GB’s campuses (100+ GB Board (preferably Worldwide). James). UPDATES
  • 12. ORIGINAL GOALS PRESENTED BY THE EXECUTIVE COMMITTEE FOCUSED ON SCALE. !   INVEST IN CHAPTER SUCCESS: !   50 chapters earning $5k+ per year and leading their own project by the end of 2013. !   MEASURING OUR IMPACT: !   Develop and implement a robust process for measuring impact on communities and campuses by the end of 2013. !   INCREASE NOURISH’S SUSTAINABILITY: !   Raise cash reserves to the 6-9 month level by the end of 2013. GOALS  
  • 13. STUDENT FEEDBACK CENTERED ON EXPANDING EXISTING CHAPTERS. !   “It looks good.” !   Growth goals seem too ambitious: let’s focus more on building quality chapters. !   Doing more with impact measurement is good, but can we have do it sooner? !   What opportunities will students have to influence the strategies used to accomplish these goals? !   Too much of a focus on numbers risk dehumanizing what we do. !   Missing any mention of the advocacy and awareness role of our organization. GOALS  
  • 14. UPDATED GOALS ALIGN THESE INTERESTS. Goal By 36 months (end of By 60 months (end of •  Reasons behind the goal 2013) 2015) Investing in Chapter Success 20 Chapters earning 5k or 25 Chapters at 10k or more in net-profit annually. more in net-profit annually. • Vibrant culture of entrepreneurship. • Advocacy and awareness. • Scale our impact. Measuring our Social Return: Develop an initial process Refine the process to better for measuring impact on reflect our goals and • Accountability for our actions. students and communities. values. • Credibility to new partners. • Increase our ability to raise funds. Achieving sustainability Build up to 6 months of Build up to 9 months of cash reserves. cash reserves. • Attract and retain a quality staff. • Allow our organization to be flexible. • Engage in more long-term planning. GOALS  
  • 15. KEY TOPICS TO ADDRESS THIS MEETING: !   Formalizing Board Processes. !   Fundraising opportunities. !   2010 Budget Considerations. TOPICS
  • 16. THE BOARD NEEDS TO CONTINUE TO FORMALIZE IT’S PROCESSES. !   Formalizing Board Processes !   Rotations, Recruitment and Orientation !   Making sure that new Board Members feel properly informed. !   Making sure that outgoing Board Members are recognized for their service. !   We need a volunteer! !   Board Commitments and Fundraising !   The best method for ensuring that in 2010 that we’re not seeing such peaks and valleys. TOPICS
  • 17. OUR FUNDRAISING SCHEDULE NEEDS TO BE ACCELERATED. !   New Fundraising Opportunities !   Making up the 5k we’re missing !   Accelerating the events schedule. !   Calling on Past Donors. !   Capitalizing on new opportunities. !   Spreading out expenses. TOPICS
  • 18. THE 2010 BUDGET PRESENTS MORE OPTIONS THAN EVER BEFORE. !   2010 Budget Considerations !   How many staff members do we want? !   What level of fundraising commitment is the board prepared to make? !   What other support can the board offer? !   What would we like to do with the Brigades proposal? !   How does this fit into our long term goals? TOPICS
  • 19. THANK YOU AND DRIVE HOME SAFELY. !   Future Board/Executive Committee Meetings: !   November 12, 2010: Fundraising Meeting! !   December 17: Approving the Budget! !  January 14, 2009: Big Board Meeting !  April 22, 2010: Big Board Meeting !  July 15, 2010: Big Board Meeting !  October 14, 2010: Big Board Meeting TOPICS