I. 3.3. Finances Nonprofit organizations require funds to not only sustain their organization; but growth is also very costly to the organization having to deal with various new expenses (Connolly and Klein, p.3). Securing finances has been seen to those scaling impact generally (Massarsky and Gillespie, p.24, 2013) across numerous published literature to be one of the major if not main factor to nonprofit 's being able to scale their impact successfully. Brest stated that an area for need for nonprofit organizations to operate at a larger scale is funding (Brest, p.44, 2012); this theory backs the works of Massarsky and Gillespie as evidence that secure funding is a need within the scaling process (Massarsky and Gillespie, p.24, 2013).Despite
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Within some works they break down finances into what they describe as building (“investing capital towards the creation of a tutoring outfit”) and buying (exchanging revenue for tutoring sessions”) (Overholser, p.1, n.d.).
Figure 2 – Model of Funds
Source: George M. Overholser (n.d.)
Figure ? shows how the investment is about financial partner of the organization joined efforts to build a sustainable firm, the revenue is the funds an organization receives; which both go into the Nonprofit firm to produce goods and services for beneficiaries (Overholser, p.1-2, n.d.). Scaling impact is not simply about just getting the funds needed to run the scaling venture for the initial run. Organization 's need to have a way to create long-term revenue (Campbell, Taft-Pearman, Lee, p.21, 2008). The way organizations can secure the long term funds they need in order to scale impact successfully means obtaining “knowledge of the intricacies of public funding streams and how to access them” (Scope, Scale, and Sustainability: What It Takes to Create Lasting Community Change, p.16, 2007). When scaling …show more content…
Having communication and creating networks within the community is also important for the organization to establish community change priorities and discussing how to achieve established goals (Association for the Study and Development of Community, p. 5, 2007). It has been said in previous researched that when organizations are networking they should follow three factors (How Do Networks Support Scale?, p.2,
Within some works they break down finances into what they describe as building (“investing capital towards the creation of a tutoring outfit”) and buying (exchanging revenue for tutoring sessions”) (Overholser, p.1, n.d.).
Figure 2 – Model of Funds
Source: George M. Overholser (n.d.)
Figure ? shows how the investment is about financial partner of the organization joined efforts to build a sustainable firm, the revenue is the funds an organization receives; which both go into the Nonprofit firm to produce goods and services for beneficiaries (Overholser, p.1-2, n.d.). Scaling impact is not simply about just getting the funds needed to run the scaling venture for the initial run. Organization 's need to have a way to create long-term revenue (Campbell, Taft-Pearman, Lee, p.21, 2008). The way organizations can secure the long term funds they need in order to scale impact successfully means obtaining “knowledge of the intricacies of public funding streams and how to access them” (Scope, Scale, and Sustainability: What It Takes to Create Lasting Community Change, p.16, 2007). When scaling …show more content…
Having communication and creating networks within the community is also important for the organization to establish community change priorities and discussing how to achieve established goals (Association for the Study and Development of Community, p. 5, 2007). It has been said in previous researched that when organizations are networking they should follow three factors (How Do Networks Support Scale?, p.2,