10152009 board meeting
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TRANSCRIPT
Nourish International !
ERADICATING POVERT Y | ENGAGING STUDENTS | EMPOWERING COMMUNITIES
BOARD OF DIRECTORS MEETING 15 OCTOBER 2009
OUR AGENDA FOR THE EVENING INCLUDES:
ROTATIONS OF THE BOARD ADDITIONS SUBTRACTIONS
NOURISH UPDATE CHAPTER UPDATE FUNDRAISING REPORT
ORGANIZATIONAL GOALS
CHAPTER FEEDBACK UPDATED GOALS
TOPICS FOR DISCUSSION
FORMALIZING BOARD
PROCESSES 2010 BUDGET
CONSIDERATIONS
NOURISH WELCOMES A NEW BOARD MEMBER…
! MARCIA ANGLE �
! PROFESSOR AT DUKE’S NICHOLAS SCHOOL FOR THE ENVIRONMENT.�
! BA FROM HARVARD, MD FROM DUKE AND MPH FROM UNC. ! ALL PLACES WHERE WE HAVE CHAPTERS.�
! FOUNDER OF INTRAHEALTH.�
! ALL KINDS OF AWESOME.
BOARD
…AND BIDS FAREWELL TO ANOTHER.
! SOME OF JOSH LEE’S CONTRIBUTIONS:�
! FACEBOOK CHALLENGE ! Led the organization to raise more than $53,000 through his ingenuity,
passion and hard work.�
! NOURISH SUMMIT, 2007 ! Worked with staff and board members to shape Nourish’s expansion plan.
! KEY PART OF THE ORIGINAL NOURISH TEAM
! Carried the banner for raising the initial money needed to take off.
BOARD
NEW INITIATIVES ARE IMPROVING CHAPTER PERFORMANCE.
! CHAPTER SUPPORT ! Launching the Venture: A Special Venture
Leader Training ! 12 students from 7 Chapters attended a
teleconference hosted by Jenna and Graham Boone.
! UPGRADING FINANCIAL TRACKING ! Revenue and expense reports, amounts larger
thank $1k due on on the 15th of each month.�
! SCRUBS VENTURE ! Pilot programs for UNC and Duke are
underway. ! Will begin as soon as we have the seed money
($2.5k of 5k needed has been raised).
UPDATES
NOURISH NEWS �HEADLINES FROM A
CHAPTER NEAR YOU.
FALL VENTURES HAVE BENEFITTED FROM IMPROVED TRAINING AND SUPPORT.
! YALE CHAPTER DOUBLES PROFITS ON PANCAKES FOR POVERTY. ! Debuts pancake delivery service; sees increased revenue from higher
per-order volumes and from the delivery surcharge. ! Other Chapters are considering the same concept.
! FIRST-YEAR CHAPTER MIAMI OHIO SCHEDULES 4 VENTURES BEFORE THANKSGIVING. ! Ventures: Night Time Nourish, Pledge-a-meal partnership, Coldstone
percentage night. ! Projecting $3k in profit.
! UCLA AND UC DAVIS COLLABORATE ONART SHOW VENTURE. ! Other collaborating Chapters include Harvard/Yale, UNC/Duke.
UPDATE
NOURISH NEWS �HEADLINES FROM A
CHAPTER NEAR YOU.
SEVERAL CHAPTERS FAILED TO COMPLETE LEADERSHIP TRANSITION.
! WESLEY ! The Norris (Chapter Leader)
transferred to Clemson to play soccer.�
! ELON ! No Chapter Leader stepped up
at the beginning of this year.
! AMERICAN ! No Chapter Leader stepped up
at the beginning of this year.�
! Combined profit: $1900
UPDATE
NOURISH NEWS �HEADLINES FROM A
CHAPTER NEAR YOU.
MISSED OPPORTUNITIES HAVE KEPT THE PRESSURE ON.
! Redwoods Grant: $0 ! Frank Phoenix: $5000 ! Tom and Melissa Pfeil: $0 ! Board Give or Get $2000
each: $11,000 ! Total: $17,000/42,500
! All numbers as of 9/30/2009. RELIEF FROM THE �
MONTH TO MONTH STRESS
BOARD GIVE OR
GET: $20,000
FRANK PHOENIX
LY: $10,000
TOM AND MELISSA PFEIL LY: $5,000+
REDWOODS GRANT: $7,500 IN
2009
UPDATE
DIVERSIFICATION OF REVENUE STREAMS HAS HELPED OFFSET DECLINES IN FUNDRAISING.
Donations
• Board Giving • Major Donors • Nourish donor
base • In Kind
Institutions • Foundations • Corporate
Sponsors
Events • Wine Tasting • Nourish Night
Earned Income
• Chapter Dues • Founders Fees • Institute Fees
UPDATE
National Office Sources of Revenue
2008 Revenue: $128,041 2009 Revenue: $60,573
2008 Revenue: $1,250 2009 Revenue: $0
2008 Revenue: $1,050 2009 Revenue: $18,852
2008 Revenue: $0 2009 Revenue: $18,598
All 2009 numbers are based on Q1-3 + Q4 projections.
Q4 PROJECTIONS ARE ESPECIALLY LEAN, BUT THE FIRST Q1 HOLDS NEW OPPORTUNITIES.
Quarter 4 2009 Quarter 1 2010 DONORS Board Giving 8.5 k in commitments. 5k committed already. Donor Base 4.5 k projected. - Major Donors - 5k committed. INSTITUTIONS Foundations - 40k applied for. Corporations - 15k applied for. EVENTS 8.5 k projected. 5k projected. EARNED INCOME .5 k yet to collect. 3k projected. Total: 22 k projected. 73 k possible.
UPDATE
GLOBAL BRIGADES HAS PROPOSED THAT WE MERGE WITH THEM.
UPDATES
Nourish’s Value to GB
• Promote GB on campuses where they aren’t already.
• Nourish staff’s ability to help expand GB’s programming.
• Social Venture and 6 week project model
GB’s Value to Nourish
• Ensure budget for next two years.
• Increase staff benefits (health benefits).
• Administrative services (Legal, Travel, Marketing and PR) covered.
• Expand Nourish programming over GB’s campuses (100+ Worldwide).
Structural Changes
• Nourish becomes a program of Global Brigades.
• Nourish Board may continue to control its budget, but relinquishes all liability.
• Potential for one Nourish leader to join GB Board (preferably James).
ORIGINAL GOALS PRESENTED BY THE EXECUTIVE COMMITTEE FOCUSED ON SCALE.
! INVEST IN CHAPTER SUCCESS: ! 50 chapters earning $5k+ per year and leading their own
project by the end of 2013.�
! MEASURING OUR IMPACT: ! Develop and implement a robust process for measuring impact
on communities and campuses by the end of 2013.
! INCREASE NOURISH’S SUSTAINABILITY: ! Raise cash reserves to the 6-9 month level by the end of 2013.
GOALS
STUDENT FEEDBACK CENTERED ON EXPANDING EXISTING CHAPTERS.
! “It looks good.” ! Growth goals seem too ambitious: let’s focus more on
building quality chapters. ! Doing more with impact measurement is good, but can
we have do it sooner? ! What opportunities will students have to influence the
strategies used to accomplish these goals? ! Too much of a focus on numbers risk dehumanizing
what we do. ! Missing any mention of the advocacy and awareness
role of our organization.
GOALS
UPDATED GOALS ALIGN THESE INTERESTS.
Goal • Reasons behind the goal
By 36 months (end of 2013)
By 60 months (end of 2015)
Investing in Chapter Success�
• Vibrant culture of entrepreneurship. • Advocacy and awareness. • Scale our impact.
20 Chapters earning 5k or more in net-profit annually.
25 Chapters at 10k or more in net-profit annually.
Measuring our Social Return:�
• Accountability for our actions. • Credibility to new partners. • Increase our ability to raise funds.
Develop an initial process for measuring impact on students and communities.
Refine the process to better reflect our goals and values.
Achieving sustainability �
• Attract and retain a quality staff. • Allow our organization to be flexible. • Engage in more long-term planning.
Build up to 6 months of cash reserves.
Build up to 9 months of cash reserves.
GOALS
KEY TOPICS TO ADDRESS THIS MEETING:
! Formalizing Board Processes.
! Fundraising opportunities.
! 2010 Budget Considerations.
TOPICS
THE BOARD NEEDS TO CONTINUE TO FORMALIZE IT’S PROCESSES.
! Formalizing Board Processes
! Rotations, Recruitment and Orientation ! Making sure that new Board Members feel properly informed. ! Making sure that outgoing Board Members are recognized for their service. ! We need a volunteer!
! Board Commitments and Fundraising ! The best method for ensuring that in 2010 that we’re not seeing such peaks and
valleys.
TOPICS
OUR FUNDRAISING SCHEDULE NEEDS TO BE ACCELERATED.
! New Fundraising Opportunities�
! Making up the 5k we’re missing ! Accelerating the events schedule. ! Calling on Past Donors. ! Capitalizing on new opportunities. ! Spreading out expenses.
TOPICS
THE 2010 BUDGET PRESENTS MORE OPTIONS THAN EVER BEFORE.
! 2010 Budget Considerations�
! How many staff members do we want? ! What level of fundraising commitment is the board prepared to
make? ! What other support can the board offer? ! What would we like to do with the Brigades proposal? ! How does this fit into our long term goals? �
TOPICS
THANK YOU AND DRIVE HOME SAFELY.
! Future Board/Executive Committee Meetings: ! November 12, 2010: Fundraising Meeting! ! December 17: Approving the Budget!
! January 14, 2009: Big Board Meeting ! April 22, 2010: Big Board Meeting ! July 15, 2010: Big Board Meeting ! October 14, 2010: Big Board Meeting�
TOPICS