How do you ensure your nonprofit has the money it needs to do good when there is increasing competition for limited resources? Starting a social enterprise that generates earned income that is directed back into the nonprofit is increasingly becoming a way that organizations can diversify and increase revenue. But is this the right solution for your nonprofit? This session will help you determine if social enterprise is right for your organization by providing:
- questions you should ask yourself before undertaking such an endeavor
- case histories
- lessons learned
- techniques used for developing and screening entrepreneurial ideas
About the speakers:
Joe Hunt has been a successful business owner and social entrepreneur for more than 25 years. He has launched and managed two direct response agencies; and been a strategic consultant to nonprofits, enhancing their performance and improving their earned-income potential. In February 2009, Joe co-founded Workforce Enterprises a New York-based, social enterprise offering a unique workforce development and job placement program within a commercial copy center setting. Its primary goal is to train and place New Yorkers who face barriers to employment in promising careers in digital document management at above minimum wage salaries. Prior to Workforce Enterprises, Joe was the COO of a nonprofit vocational training school. As COO, he formed strategic partnerships with for-profit businesses that expanded training, placements and employment retention rates by 20%. Under his management, the organization’s program performance improved; and resulted in a 27% increase of earned-income.
Russell Pomeranz has twenty five years experience leading the finance departments of nonprofit organizations. He started The Claverack Advisory Group, to focus on the critical connection between the nonprofit financial function and organizational programmatic and strategic trajectories. Pomeranz has been the COO / CFO of the Vera Institute of Justice, Director of Finance at the Council of Foreign Relations and, Controller at ICP. He is currently an Adjunct Professor at NYU Wagner, on the Advisory Board of the Berkshire Taconic Center for Non-Profit Excellence, is President Emeritus of the Columbia County Historical Society, and has an MBA from the University of Michigan.
Geri Stengel is president of Ventureneer.com, which connects nonprofit execs, social entrepreneurs, and socially responsible small business owners with the knowledge they need to build sustainable, vital and vibrant organizations. For the past 10 plus years has applied her corporate and small business skills to helping nonprofits diversify funding and become nimble. Geri has worked with nonprofits such as, Catapult (a crowdfunding site for nonprofits raising money for women and girls), the Rescue Mission, New York Botanical Garden, Praxis Housing Initiatives, Public Allies and Thirteen WNET New York Public Media on conceiving, testing, planning, launching, marketing and turning around their enterprises.
How do you ensure your nonprofit has the money it needs to do good when there is increasing competition for limited resources? Starting a social enterprise that generates earned income that is directed back into the nonprofit is increasingly becoming a way that organizations can diversify and increase revenue. But is this the right solution for your nonprofit? This session will help you determine if social enterprise is right for your organization by providing:
- questions you should ask yourself before undertaking such an endeavor
- case histories
- lessons learned
- techniques used for developing and screening entrepreneurial ideas
About the speakers:
Joe Hunt has been a successful business owner and social entrepreneur for more than 25 years. He has launched and managed two direct response agencies; and been a strategic consultant to nonprofits, enhancing their performance and improving their earned-income potential. In February 2009, Joe co-founded Workforce Enterprises a New York-based, social enterprise offering a unique workforce development and job placement program within a commercial copy center setting. Its primary goal is to train and place New Yorkers who face barriers to employment in promising careers in digital document management at above minimum wage salaries. Prior to Workforce Enterprises, Joe was the COO of a nonprofit vocational training school. As COO, he formed strategic partnerships with for-profit businesses that expanded training, placements and employment retention rates by 20%. Under his management, the organization’s program performance improved; and resulted in a 27% increase of earned-income.
Russell Pomeranz has twenty five years experience leading the finance departments of nonprofit organizations. He started The Claverack Advisory Group, to focus on the critical connection between the nonprofit financial function and organizational programmatic and strategic trajectories. Pomeranz has been the COO / CFO of the Vera Institute of Justice, Director of Finance at the Council of Foreign Relations and, Controller at ICP. He is currently an Adjunct Professor at NYU Wagner, on the Advisory Board of the Berkshire Taconic Center for Non-Profit Excellence, is President Emeritus of the Columbia County Historical Society, and has an MBA from the University of Michigan.
Geri Stengel is president of Ventureneer.com, which connects nonprofit execs, social entrepreneurs, and socially responsible small business owners with the knowledge they need to build sustainable, vital and vibrant organizations. For the past 10 plus years has applied her corporate and small business skills to helping nonprofits diversify funding and become nimble. Geri has worked with nonprofits such as, Catapult (a crowdfunding site for nonprofits raising money for women and girls), the Rescue Mission, New York Botanical Garden, Praxis Housing Initiatives, Public Allies and Thirteen WNET New York Public Media on conceiving, testing, planning, launching, marketing and turning around their enterprises.
- Exective Directors
- CFOs
- Directors of Finance
- Board members
Tuesday, September 10, 2013 10:00 am - 12:00 pm in NYC at the Foundation Center