10152009 Board Meeting

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10152009 Board Meeting

  1. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 15. KEY TOPICS TO ADDRESS THIS MEETING: !   Formalizing Board Processes. !   Fundraising opportunities. !   2010 Budget Considerations. TOPICS
  16. 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. 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. 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. 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

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