Getting Started with a Social Enterprise
Is your nonprofit considering how to diversify its revenue streams? Join us to learn the basics of starting a social enterprise.
Learning Objectives
- Identify the steps in the process of founding a social enterprise to support your nonprofit from initial conception to taking the business to market.
- Understand common pitfalls to avoid when starting a social enterprise to support your nonprofit.
- Acquire an introductory understanding of social enterprise components and be able to identify the ways in which social enterprises can support the mission of their nonprofits.
Description
In this workshop, we will challenge nonprofits to embrace a business mindset and think strategically about generating an unrestricted, renewable revenue stream that supports your mission. You’ll be introduced to small, medium and large sized nonprofits that have successfully launched a social enterprise and have a diversified revenue stream.
Get ready to roll up your sleeves with hands-on activities to inspire you in exploring what a social enterprise could do for your nonprofit. This is not a lecture! Together we will create an asset inventory, pick a “test” social enterprise idea, brainstorm a competitive edge and dive into identifying market trends.
Level
Introductory
CFRE Credits
Participants can receive 2 CFRE credits for this training. Participants must ask for a CFRE certificate when they check-in on the day of the training.
Audience
Executive Directors, Board of Directors, Finance Managers and staff
Presenter
Stephanie Sample has served the nonprofit community in fundraising since 2013 working with organizations such as Meals on Wheels of Albuquerque, Anderson School of Management, Conservation Voters New Mexico and United Way of Central New Mexico. She specializes in major donor cultivation, grant prospecting and procurement, and social enterprise development for nonprofits.
Guiding Practices for Nonprofits
- Nonprofits should secure appropriate levels of funding to carry out their mission and diversify revenue sources when possible.
- Nonprofits should adopt a fundraising plan that ensures diverse streams of funding to meet budgeted objectives.
- Nonprofits should work to avoid recurring deficits and aim towards building sufficient operating reserves.
- Nonprofits must be aware of the federal rules for tax on unrelated business income of exempt organizations and file IRS Form 990-T is the organization is subject to the tax.
The Guide is available as a free digital download at CNPENM.org/Guide. Hard copies of the Guide and Companion Workbook will be available for purchase at this training for $25 each with a credit card or check.
The Center for Nonprofit Excellence often takes photos during our trainings to share on social media. If you prefer not to be photographed, please let us know in the Special Needs field when you register.
2340 Alamo SE, 2nd Floor
Albuquerque, 87106
| Registration | $25.00 |