Future Outlook of Ohio Nonprofits Released in Survey Report from Linking Mission to Money®
Insight and recommendations shared for Ohio’s nonprofit sector based on new survey findings
COLUMBUS, Ohio (September 18, 2012) — Today, Allen J. Proctor, principal of Proctor’s Linking Mission to Money®, released his report The State of the Ohio Nonprofit Sector based on online survey participation of more than 120 Ohio nonprofit leaders.
Ohio’s nonprofit leaders were surveyed on the current challenges and trends impacting their funding and organizational plans. Included in the report is information touching on the impacts of federal and state cuts and how nonprofits are making do.
“There is a pervasive shift in support from government corporations, individuals and foundations," Proctor explained. “Seeking more stability in their finances, Ohio’s nonprofits are actively reducing expenses and expanding into new services or new businesses."
Key survey findings included:
- Private giving is more than offsetting federal and state cuts at most Ohio nonprofits
- With ongoing federal and state cuts, Ohio nonprofits are eliminating their deficits, largely through salary cuts and freezes and draining reserves
- Ohio nonprofits are optimistic about 2012 giving
- Alarmingly, only a handful of Ohio nonprofits are using loans or angel funding to expand earned income, while the rest are still dependent on
grants or self-funding to finance growth or expansion to new services
- Human services organizations are the most active when it comes to expanding or initiating new services to expand earned income
“Clearly, Ohio nonprofits are proactively responding to the stresses of the past few years in a responsible and constructive manner. Their entrepreneurial efforts to develop new revenue-producing services will strengthen both themselves and the local economy. How to bring investment dollars to finance these efforts is a pressing challenge for our communities," offered Proctor.
To download the full report, go to http://www.linkingmissiontomoney.com/survey.php.
About Allen Proctor and Proctor’s Linking Mission to Money®
Author Allen J. Proctor, founder and principal of Proctor’s Linking Mission to Money®, has nearly 30 years of experience evaluating the financial health of organizations, developing effective business strategies and enhancing organizational effectiveness. Proctor has regularly developed innovative solutions for the financial and performance challenges of nonprofit organizations and for-profit corporations. Proctor has worked with clients to build a solid financial and strategic base for their future growth and presented workshops and seminars for audiences of all sizes. To learn more about linking your organization’s mission to money, read Allen’s two books Linking Mission to Money, 2nd ed. and More Than Just Money: Practical and Provocative Steps to Nonprofit Success (http://www.linkingmissiontomoney.com/books_mtjm.php). Also, follow Proctor’s Linking Mission to Money on Twitter, Facebook and LinkedIn or follow his regular blog posts.
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