Ebook 7 Nonprofit Income Streams: Open the Floodgates to Sustainability!, by Karen Eber Davis
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7 Nonprofit Income Streams: Open the Floodgates to Sustainability!, by Karen Eber Davis
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In this practical and persuasive new book, 7 Nonprofit Income Streams, you learn about each of the seven sources of nonprofit income. You find that only three sources fund the majority of nonprofits. (Spoiler alert: The largest source is not grants or donated income from individuals.) You gain tools to determine which of the seven streams fit your nonprofit. And, you can use what you read to immediately obtain more income.
Drawing on two decades of investigation and over a thousand interviews with nonprofit leaders, 7 Nonprofit Income Streams: Open the Floodgates to Sustainability! clarifies the confusing, messy, and competitive world of nonprofit income so you can:
- Earn more money in one year than the previous three,
- Discover dramatic success stories to replicate immediately,
- Create enthusiasm about providing money and other resources to your nonprofit.
- Develop a customized strategy to enhance your mission and sustain your nonprofit
- Get practical, in-the-trenches advice and find tips you to use now.
Why are some nonprofits well funded and others not? Why do certain organizations grow income year-after-year and others commence frantic begging 30 days before the end of their fiscal years? Why do some nonprofits obtain a steady flow of donated and earned money, while others chase after every dollar—even those that cost them money? Nonprofits become financially stable by developing and using consistent income strategies. These lead to more income and long-term sustainability. This book is your guide to identify the income sources and to develop a sustainable revenue strategy for your nonprofit.
No secret cash machine exists. No lucky charm dangled over a proposal guarantees success. No magic words convince millionaires to donate trust funds. For many obtaining nonprofit income is a discouraging, if not impossible, drudge. Leaders trek for years without a road map, guidepost, or footprint to follow. Few people—including many nonprofit leaders—know that just seven sources of nonprofit income exist. Understanding the sources, their challenges, and their benefits provides the foundation to develop sustainable income forever.
Karen explains successful strategies being used by dozens of nonprofits. She teaches you to weave the seven nonprofit income sources into a viable strategy for your nonprofit—and test it before you use it. She guides you to design a future to propel your nonprofit toward the income it needs to sustain it for the long haul. 7 Nonprofit Income Streams is the real deal to make your nonprofit profitable.
About the CharityChannel Press In the Trenches™ Series
You'll know an In the Trenches book not just by its cover, but by the authors' fun, upbeat writing style. But don't be fooled by its down-to-earth approach and ample sidebars. In the Trenches books are authoritative and cover what a beginner should know to get started and progress rapidly, and what a more experienced nonprofit-sector practitioner needs to move forward in the subject.
- Sales Rank: #709614 in Books
- Published on: 2014-11-22
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .41" w x 6.00" l, .56 pounds
- Binding: Paperback
- 182 pages
Most helpful customer reviews
1 of 1 people found the following review helpful.
Excellent Resource For Government/Private/Non-Profit Grantor/Partners
By Gene
As a local, regional, and state government executive with more than four decades of experience, I would highly recommend this clearly written straight forward comprehensive guide to securing funding options to those non-profit staff learning how to secure and leverage funding along with public policy makers and employees who have to assist current and potential grantors and non-profit partners with developing proposals, "for the public good." Ms. Davis's format and easy to understand definitions will enable all involved to use a common language necessary to develop better proposals and agreements with measurable outcomes. Private partners and donaters would also benefit from bettering understanding best practices in securing funds to ensure non-profit has adopted policies seeking multiple funding assurances and considering all alternatives necessary to leverage and succeed long term in carrying out their common missions. Success is much about having adequate funding. This guide is a wise investment to help all involved to better manage the varied funding options to achieve sustainable success and funding deals.
1 of 1 people found the following review helpful.
Also Great for Congregations!
By Irene Flynn
As I sat down to read 7 Nonprofit Income Streams: Open the Floodgates to Sustainability! I became absorbed by the clear, concise and interesting information that is on every page of this book. It is nicely organized, very readable, and offers concrete examples. It also helps lessen the fear of fundraising and helps build competency.
Congregations can implement the wisdom in 7 Nonprofit Income Streams: Open the Floodgates to Sustainability! in several ways:
-To strengthen their own thinking about congregational revenue.
Are they growing their community of support into a larger community that could potentially donate income or resources to them? Chapter 3 will help them to reflect on their stewardship—similar to how a nonprofits (whom they often envy) approach individual fundraising.
- 7 Nonprofit Income Streams is also helpful for congregations associated with nonprofits such as schools, preschools, and social ministries. This book is the classic tool to help their boards identify where the big pots of money reside, so efforts can be laser focused on them. Should we get a grant, hold a garage sale, or are there better options for revenue?
-For congregations who give money, 7 Nonprofit Income Streams helps them understand how nonprofits are funded and if their applicants are overly grant dependent or moving toward sustainability and greater impact.
Nonprofits and congregations alike can refer to 7 Nonprofit Income Streams as they consider:
• If they have identified their key funding sources
• How much time they spend on them vs. other revenue streams
• New opportunities--and how to explore new streams before they actually invest in them.
Finally, 7 Nonprofit Income Streams helps people to make a strategy a plan to help them be sustainable for the long-term.
I highly recommend this book to all congregational leaders and congregational councils and finance teams. It will help congregations put a proper focus on becoming sustainable with real solutions.
Irene Flynn
Resources and Communication
Florida-Bahamas Synod, ELCA
1 of 1 people found the following review helpful.
Start thinking differently about income!
By JenFilla
When it comes to nonprofit sustainability, income is the big-picture word that demands thoughtful attention and understanding. Karen thinks big, but talks clearly and uses great, real-life stories that make complicated concepts seem obvious. It's not about grants or fundraising, it's about everything - the complete income picture. If you want your nonprofit to stay in business and to grow, you need to read this book!
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