There was a time where the most stable and viable nonprofits were those that relied on the traditional business model of contributions and government grants. In this challenging environment, dependency on the “market” forces of philanthropic and taxpayer support is not possible. As an alternative to self-sufficiency, an area to prioritize and develop is earned revenue, where there is a direct exchange of a product, service or privilege for monetary value. Participants in this workshop will have an opportunity to discuss and learn about earned revenue and entrepreneurial strategies – the pros, cons, and preparation and cultural shifts necessary to proceed down the entrepreneurial path. The workshop will also include an overview of how to maximize the SBA Payment Protection Program loan forgiveness.
Led by New York Council of Nonprofits (NYCON) Founded in 1927, the New York Council of Nonprofits (NYCON) is a 501(C)(3) membership-based, mission-driven, statewide association of diverse charitable nonprofit organizations. We provide a collective policy voice for the nonprofit sector and serve as a crucial support and information provider.