Social Enterprise COULD Be Your Next Step

 

Even though social enterprise is a concept that has been around for a while, there is still some confusion about exactly what it is. Usually the questions that come up immediately when social enterprise is mentioned are: (1) What is social enterprise? and (2) Is it a viable revenue option for my nonprofit? So we’re going to begin with a definition of the concept, and then identify some critical areas to evaluate to determine if there is a social enterprise opportunity that is the right fit for you.

 

Definition

“NAF provides technical advice and professional insight that goes beyond strictly the financial transaction. In my mind, Kate proves her weight in gold.”

Jack Katzmark, CFO, Project for Pride in Living

"We're so honored to support Compatible Technology International's unique social enterprise initiative that provides economic opportunities while promoting food security for the rural poor around the world."

Phil Hatlie, Senior Loan Officer, Nonprofits Assistance Fund

Finance That Imitates Program

Oscar Wilde once said, “It’s not art that imitates life, but life that imitates art.” In the nonprofit world, it’s not program that imitates finance, but finance that imitates program. Or at least it should be. There is an art to designing finance systems that reflect our programs. Well-structured financial systems amplify our mission effectiveness because they are designed around and in support of our programs and not the other way around.

“Kate and Janet are upstanding people. I value integrity. So when we went back to them and talked about what we needed, they helped us start down the right road. It ended up being the best move we could’ve made.”

Jonathan Palmer, Executive Director, Hallie Q. Brown Community Center

Cost Allocation Primer Video

Your nonprofit work has certain knowable costs. Costs for staff, costs for property and equipment, costs for programs. Sound nonprofit finance means determining, accounting for and allocating those costs properly. It also helps in your fundraising efforts to know how much a program will truly cost your organization. 

Learn more about how cost allocation helps you understand your true program costs with our e-study

"We've been partners for many years with Athlos, and we're proud to have played a small role in its amazing growth to more than 900 students. It's exciting to see their dedication to the development of tomorrow's leaders."

Phil Hatlie, Senior Loan Officer, Nonprofits Assistance Fund

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