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About the Conference
Are you passionate about your mission AND excited about the challenge of building a sustainable organization?
Financial leadership isn’t only reserved for executive directors and finance managers. Board members, program managers, bookkeepers, operations managers and others are responsible for understanding your organization’s financial picture and all play a role in maintaining accountability and sustainability.
In today’s dynamic economic environment, it's increasingly important for a broad array of nonprofit board and staff to understand your organization's financial picture -- and to plan for your organization's financial future.
Join the Minnesota Council of Nonprofits and Nonprofits Assistance Fund for the 2013 Nonprofit Finance and Sustainability Conference. This second annual day-long conference will offer insights, strategies and tools for staff and board members looking at your organization’s financial sustainability from diverse perspectives – from strategy and oversight to implementation and evaluation. Join your nonprofit colleagues to learn about critical issues and best practices to help your organization remain sustainable into the future.
Vetting New Economic Models: Out With (Some of) the Old, in With (Some of) the New
Impact Investing. L3C Corporations. Social Impact Bonds. Collective Impact. Social Entrepreneurship. Going to Scale. Pay for Performance. The Next New Thing.
The nonprofit sector views itself as open to innovation and mostly immune to artificial hopes. Every year new ideas and organizational models are proposed, often touting their potential for bringing new resources and greater community impact. Some of these ideas may have wide application, or quite narrow (though the promoters of new ideas generally take the wide view).
We can’t deny the natural, almost universal, attraction of the next new thing. Nonprofits and philanthropy are not immune to this attraction. So how can we distinguish between models with documented accomplishments versus those that promote untested, idealistic or vague aspirations?
In this session, Cynthia Gibson will help us examine how new economic models should be considered, what supporting information is most useful, when pilot projects are warranted and how to advance an informed conversation about what works for building resources and impact.
Following Cynthia’s presentation, a respondent panel will contemplate the sector’s ever-evolving economic models and what they mean for your organization. Moderated by MCN executive director Jon Pratt, the expert panel will feature Tene Wells, principal at Tene Wells Consulting, and Kate Barr, executive director of Nonprofits Assistance Fund.
