Join the NONPROFIT SUSTAINABILITY CHALLENGE…
and transform your organization!
Applications for the Nonprofit Sustainability Challenge Cohort 4 are now open. Click here to learn more about joining NSC Cohort 4 and the application process. Interested organizations are strongly encouraged to attend our info session and NSC Cohort 3 graduation on Tuesday, March 19, 2019 at The Maymont Garden Hall, time TBA – further details will be made available shortly.
What is it?
The Nonprofit Sustainability Challenge is a year-long initiative that works with leaders from nonprofit organizations from across Virginia and the surrounding region to identify, pursue and achieve success at a major challenge affecting the organization’s long-term financial sustainability. Program participants will gain quantifiable results on at least one major performance improvement by participating in 15-20 coaching calls and attending four 2 1/2 day in-person sessions over the course of the program year.
The program, now in its third year, has been the catalyst for significant transformational change in 20 nonprofit participants throughout Virginia. The outcomes achieved by participants have been remarkable. The initial cohorts six organizations collectively improved their balance sheets by over $3,500,000 in a single year as a result of their participation and the second cohort of seven organizations improved theirs by over $4,125,000. That is over $7,500,000 that have, through this program, been able to be put to work in our Virginia communities through the positive social impact each of these nonprofits make. And the third cohort of NSC participants is poised to add to this impact by their graduation from the program in March 2019.
How does it work?
The program provides two leaders from selected organizations with information, tools, networking and coaching resources that enable them to develop and/or refine business strategies with an emphasis on long-term organizational sustainability.
The two leaders from each selected organization will:
- identify and pursue one of the most critical challenges facing the sustainability of their organization
- commit to the 12+ month program
- participate in and prepare for 15-20 coaching sessions (typically 1-hour calls)
- attend four two-day in-person retreats
- engage their internal teams to make the transformational changes that improve sustainability and help their organizations thrive
Tuition (representing a small portion of program costs) is $2,000 per organization plus travel costs.
Applications for the fourth NSC cohort will be available in early 2019.
- Community Services Housing
- Habitat for Humanity Virginia
- Harrisonburg Downtown Renaissance
- Neighborhood Resource Center – Fulton
- Piedmont Housing Alliance
- Tricycle Gardens
Examples of challenges completed by former participants include:
- Improving bottom line financial performance by $500,000 in one year through new donors or cost savings (goal exceeded by 50%- over $750,000 in bottom-line improvements realized in one year).
- Retire $1,000,000 in existing debt in one year and reorganize a program losing $100,000 a year to at least break even.
- Expand into a new territory to generate at least $200,000 in unrestricted net revenue in one year.
NSC Cohort 4 Details
We are currently seeking eight housing or community development nonprofits in Virginia and the surrounding region to join the fourth offering of the Nonprofit Sustainability Challenge. The NSC Program is a dynamic 14-month intensive to help your organization adapt and thrive during changing times. Each organizations that applies must commit to the following:
NSC Cohort 4 Schedule Overview
April 5, 2019: Applications Due
April 19, 2019: Notifications sent to the new class
April – May 2019: Cohort 4 will begin initial readings and coaching calls
June 2-4, 2019: First convening – location TBD
August 13, 2019: Webinar
October 6-8, 2019: Second convening – location TBD
January 14, 2020: Webinar
February 23-25: Third convening – location TBD
April 28, 2020: Webinar
June 14-16, 2020: Fourth convening & graduation – location TBD
Interested applicants should download the application, complete it in it’s entirety and upload it here: https://vcdc.egnyte.com/ul/Xr3oU4X5we by 4:00 PM on April 5, 2019. Notification to selected participants will be made by April 19.
Applicants or interested organizations are strongly encouraged to attend our info session and NSC Cohort 3 graduation on Tuesday, March 19, 2019 at The Maymont Garden Hall, time TBA – further details will be available shortly. We encourage you to also bring your Board Chair or a member of your board that will be supporting your application.
Download the application for here: NSC Cohort 4 Application Form
For more information, please contact Raven Bates at 804-482-6232 or email@example.com
Thank you to our sponsors!
The following organizations make the Nonprofit Sustainability Challenge possible.