Bold action rescues Joy's House
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By Lynn Sygiel, editor, Charitable Advisors
The warning signs were out there, the proverbial perfect storm brewing on the horizon. And Cayla Rosine, the vice president of finance and operations at Joy's House in Indianapolis, was worried.
"We were drawing on our line of credit, and we've never done that before. This was serious," said Rosine of a critical juncture last summer when Joy's House found itself staring at a potential shortfall that threatened to shutter the organization just as it was approaching its 20th anniversary.
Joy's House provides caregiver services for adults with life-altering diagnoses and like many nonprofits, relies on donations and traditional government funding sources. When those funding streams change quickly for the worse, nonprofits and social enterprises generally lack the extra funds on hand to make up the difference. Unlike traditional businesses, it's hard for a small nonprofit to develop a rainy-day fund when donors and investors expect most of the money to go toward programming.
Joy's House accepts Aged and Disabled (A&D) Medicaid waivers, the CHOICE program and long-term care insurance. But changes in Medicaid reimbursements, state funding and declines in donations put Joy's House in a financial bind.
The potential shortfall, however, is only part of the Joy's House story. The organization's proactive approach and what it learned about itself and the community offers ideas for other nonprofits seeking to avert a crisis.
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When nonprofits have a financial emergency, there's a fund to bail them out
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By Ben Paynter, senior writer, Fast Company
Open Road Alliance is a philanthropic initiative set up to prevent such scenarios. Since launching in 2012, it's provided $13 million in emergency grants or loans to organizations that might have otherwise folded. As Fast Company has reported, ORA has joined another effort alongside several major funders to rethink the issue. Called The Commons, it has provided, among other things, a toolkit for groups and funders to assess and plan for mission risks. But the group has also doubled-down on how to provide short-term monetary assistance.
In 2018, ORA launched a low-interest loan fund called Open Road Ventures, which has committed to distributing $50 million to groups in need over the next five years. "Financial instruments for nonprofits and social entrepreneurs are oddly missing in the philanthropic and social impact sector," says founder Laurie Michaels in an email to Fast Company. "I think it's crazy that these entities don't have the same access to working capital and credit lines that purely for-profit businesses do." Especially because the goal isn't just money making, she adds, but to benefit society at large.
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Indianapolis-based ECS merges with Covi
By Teddie Linder, operations manager, Covi
In Indiana, as well as across the U.S., mergers are commonplace. Some last year, like Caesars Entertainment acquiring Centaur Gaming for $1.7 billion may be considered blockbusters.
In a perfect world, both sides benefit. This fall, when Indianapolis-based IT company, ECS merged with Covi, an IT consulting and solutions company, it was born out of an 18-year relationship between the two chief executive officers. ECS's Adam Searcy and Covi's Chip Heberden had a simple idea - to blend combined industry experience with passionate employees and a singular focus.
Earlier on, this merger offered opportunity to merge cultures and processes.
"Each of our company's strengths complement one another. Together, we can provide an unparalleled experience and even better results for clients," said Covi CEO Chip Heberden.
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IndyHumane has promoted
Shawna Sims to senior director of shelter services. Sims served as director of IndyHumane's volunteer program.
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Evansville-based Holly's House has hired
Alison Nicholson as development director. She previously served as public relations and marketing manager for the Evansville Thunderbolts.
— Inside Indiana Business
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IndyHumane has named
Kelly Diamond as director of the IndyHumane Downtown Clinic. Diamond previously served as the owner of For the Love of Pets.
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Aspire Indiana Health hired
Dr. Huma Hosain, an experienced child/adolescent psychiatrist, to its staff of medical and behavioral health experts.
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IndyHumane has promoted
Stacy King to director of animal welfare collaboration. King previously served as clinic director for the IndyHumane Downtown Clinic.
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The Columbus Area Chamber of Commerce has hired
Bob Schafstall as membership director. He most recently served as the lead salesperson for Burt's Pest Control.
— Inside Indiana Business
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Best of luck on Giving Tuesday.
Indianapolis Business Journal's annual Holiday Wish List will be published Dec. 13 and Dec. 20. Nonprofit requests are limited to five items or services (no requests for cash). Deadline for the Dec. 13 issue is Dec. 6 and one week before publication for Dec. 20.
Submit here.
Savi's 2019 Community Trends' report: Food Access Across Groups, Neighborhoods, and Time. This report, now available, looks at food access from different perspectives: time, population, transportation modes like walking and transit and food systems.
Read more.
United Way of Central Indiana announced the final round of grant recipients of its Basic Needs Fund for the 2019-2020 fiscal year. The Basic Needs Fund is one of three new United Way of Central Indiana impact initiatives announced earlier this year that address poverty in the region by partnering with community-based organizations that align with the goals and metrics of the fund, specifically targeting outcomes in housing, food, health and transportation. On this round, 22 organizations for unrestricted funding, ranging from $10,000 - $90,000 per grant.
Read more.
Little Red Door Cancer Agency raised $377,740 for cancer patients in Central Indiana during its 12th annual Face of Hope Breakfast. Proceeds from the breakfast will provide transportation to cancer treatments, support services and therapies, nutritional supplements to help underserved cancer patients in Central Indiana.
Notre Dame receives $111 million endowment to fight poverty from the Florida-based Pulte Family Charitable Foundation are partnering efforts to develop and measure the impact of global anti-poverty programs. The foundation has established an endowment which will be directed toward six initiatives at the university.
Read more here.
Hoosier nonprofits awarded $1M+ from Bezos Foundation. Two Indiana nonprofits that provide safe housing for families in challenging, often abusive situations have each been awarded $1.25 million from a program started by Amazon founder Jeff Bezos. The Day 1 Families Fund awarded grants to Indianapolis-based Coburn Place and Lafayette-based LTHC Homeless Services, formerly known as Lafayette Transitional Housing Center.
Read more here.
10 Delaware County nonprofits have received a total of nearly $100,000 in grants from the Community Foundation of Muncie and Delaware County to fund projects benefiting the community in several areas, including arts and culture, human services and economic development. For a full list of recipients,
click here.
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Panel discussion for nonprofit marketers on Dec. 10 from 11:15 a.m. to 1 p.m. at District Tap (3720 E. 82nd St.). Join the AMA and Indianapolis nonprofit marketing panelists to discuss best practices for marketing in the nonprofit world. The session will include, but not be limited to discussion about how to prioritize your budgets to maximize impact, the overlap between development and marketing departments and how to best utilize corporate sponsors in this new age of cooperate responsibility. Cost: $30 members, $40 non-members.
Learn more.
SAVI: Make decisions with data workshop on Dec. 12 from 9:00 to 11:00 a.m. at Polis Center (1200 Waterway Blvd.). If your organization has developed a focused question, found needed data and analyzed it, this workshop-format module will help you complete a real-world, data-informed project. Cost: free. To learn more,
click here.
What young people are teaching us about risk and resilience webinar on Dec. 4 at 1 to 2 p.m. (CST). Adolescents across the globe face daily challenges but also show strengths. The presenters will share stories that emphasize how healthy mental and physical development can open venues of possibilities and opportunities for youths facing challenges in their countries. Cost: free for ACYCP members; $5 non-members. Registration is available at
this link.
How to recruit and manage an amazing event committee webinar on Dec. 11 from 3 to 4 p.m. (EST). This session will take you through the process of identifying candidates for your chair position, discuss how to recruit committee members and show you how to effectively manage your team and maximize the resources they bring to your event. Cost: free.
Register here.
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What is your first impression of the Not-for-profit News' new design?
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For additional comments, please
email us
.
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Ben's Ranch Foundation is recruiting volunteers for copywriting/editing, graphic design, media/PR, event planning and more. If you have a heart for helping struggling teens,
apply today here. For more information contact
polly@bensranch.org or 317-727-3345.
Healing Friends Foundation is recruiting board members. Commitment: 2 to 4 hours quarterly. For more information contact Scholasticah M. Chidemo at
schi@healingfriends.org or 317-997-2194.
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The myth of a 'silent phase' in capital campaigns. Nonprofits understand the term, however successful silent phases are actually anything but silent. There is plenty of strategic thinking, preparation, research, large donor outreach and input seeking.
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Our
sponsor marketplace
serves to further connect our readers with our advertisers who are focused on serving nonprofits.
To learn about each sponsor's nonprofit services, click on its logo.
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FUND DEVELOPMENT
PLANNING
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MEETING ROOMS OR EVENT SPACE
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Reserve a room for your next meeting or training at St. Paul's Indy.
Looking for a meeting space on Indy's Northside? St. Paul's Indy has six rentable spaces that can accommodate groups from six to 250. Building is handicap-accessible and has a large parking lot and ample street parking. Guest wifi and A/V equipment included. Interested in learning more?
Click here
for accommodation details, pricing and an inquiry form.
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OFFICE SPACE FOR LEASE OR SALE
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Prime office space for lease in the heart of Indy's Downtown
Share office space with other nonprofits in the Platform in the City Market Complex (202 E. Market St.). Affordable spaces available for up to 60 people or 6 - 8 employees. Among the amenities tenants have shared access to large and small conference spaces, fiber optic internet and wifi, color and B/W printers/copiers/scanners, and a kitchen stocked with premium coffee. Easy access to parking, public transportation, a bike hub, outdoor plaza, and cultural trail, along with many great restaurants. For more information contact Tosseia Holmes at
tholmes@lisc.org
or 317-454-8497 or
click here.
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Let people know about your extra space, extra building or even property for sale. To learn more, contact Julie at
Julie@CharitableAdvisors.com
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