allen proctor -- sean mcgee social enterprise just as important as fundraising
TRANSCRIPT
![Page 1: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/1.jpg)
ALLEN PROCTOR -•- SEAN MCGEE
Social Enterprise
Just As Important as Fundraising
![Page 2: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/2.jpg)
What does social enterprise mean?2
A business or line of business that:Addresses a social problemUses entrepreneurial principles to
organize, create, and manage a social venture for profit
Success defined by “Blended Return”: positive financial AND social benefit
![Page 3: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/3.jpg)
Goodwill Stores
Zoombezi Bay water park
LSS: Freshbox Catering
LifeCare Alliance:LA Catering
Habitat for Humanity Re:Store
3
Central Ohio NonprofitSocial Enterprises
![Page 4: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/4.jpg)
Why are profitable activities necessary?4
Fundraising capacity is tapped out
More government and foundation grants are generating nonprofit losses
![Page 5: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/5.jpg)
Philanthropy Is At Capacity5
Contributions as Share of Total Nonprofit Revenue
US Totals
![Page 6: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/6.jpg)
Mission
Trauma center • • Orthopedic ward
Profitability
A Sustainable Nonprofit Business ModelRequires Profitable Activities
Do you have programs that are on the right hand side?
6
![Page 7: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/7.jpg)
The Nonprofit Exists to Provide aKey Mission Activity:
Mission
Key Mission•
Profitability
How do we close the gap?
loss
7
![Page 8: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/8.jpg)
8
Alternative ways to close the mission gap are nearly tapped out
CutsInternally AbsorbedByNonprofitProviders
Service cuts avoided in 2009
![Page 9: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/9.jpg)
Service reductions are becoming more necessary
9
Source: The State of the Ohio Nonprofit Sector, September 2012. Proctor’s Linking Mission to Money®
Human services nonprofits were even more likely to take these steps.
![Page 10: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/10.jpg)
10
Social enterprise is now necessary:profitable activities supporting key mission activities
![Page 11: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/11.jpg)
What do successful nonprofit social enterprises provide?
11
• Revenue diversity needs to increase
Source: The State of the Ohio Nonprofit Sector, September 2012. Proctor’s Linking Mission to Money®
11
![Page 12: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/12.jpg)
What does a successful social enterprise require?
12
• More loan and investment capital needed
Source: The State of the Ohio Nonprofit Sector, September 2012. Proctor’s Linking Mission to Money®
12
![Page 13: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/13.jpg)
•Working with you to develop your ideas into business plans
•Some will be commercially viable.
•CINCO seeks to invest in 3-5 new enterprises in 2014 and
2015
13
CINCOCommunity Investment Network of
Central Ohio
![Page 14: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/14.jpg)
Working with CINCO 14
Open to all Central Ohio 501(c)(3) organizations
Intended for Executive Leadership
Multiple sessions of increasing intensity
Competitive process
![Page 15: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/15.jpg)
Working with CINCO 15
Phase I – Getting Started Self Assessment Ideation Vetting: Identify most promising idea(s)
Phase II – Gaining Focus Development of most promising concept(s) Feasibility
Phase III – Diving Deeper In-Depth Business Planning
Pitching to Investors
![Page 16: ALLEN PROCTOR -- SEAN MCGEE Social Enterprise Just As Important as Fundraising](https://reader030.vdocuments.us/reader030/viewer/2022032803/56649e225503460f94b0fa42/html5/thumbnails/16.jpg)
Benefits of Working with CINCO16
Develop new skills
Develop your team
Analysis and planning tools tailored to your organization
Rigorous process for evaluation of ideas
Advancement of earned income opportunities