Earning money is hardly a new concept for nonprofit organizations. In fact, the current economic environment may have organizations thinking about ways to turn their products or services into new sources of revenue.
Fieldstone Alliance encourages nonprofits to evaluate opportunities for earned income. If these activities are related to the nonprofit’s mission, the venture generally can be engaged in without limitations and without incurring tax liability.
These types of mission-related earned income activities are often called”social-enterprise”. This issue looks at potential revenue resources that can be implemented fairly quickly, and then examine the steps for evaluating a more long-term business venture.
Short and Long-Term Approaches to Finding New Revenue Sources
Produced by: Fieldstone Alliance
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