2013 budget presentation december 12, 2012 partnership board meeting

2013 Budget Presentation

December 12, 2012 Partnership Board Meeting

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367000 22%

322990 19%

263500 16%58100 3%

193320 12%

458837 28%

Income

FoundationCorporateIndividualSponsorshipEarned Income2012 Carryover

Partnership Budget 2013

12/12/2012 Confidential For Internal Use Only

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$777,539

$175,229 $7,00

0 $37,4

49

$43,905

$20,200

$116,370

$20,600 $405,031

ExpensesPersonnelOfficeFund DevelopmentWeb Presence/Tech-nologyMeeting, Travel, Con-ference ExpenseMarketing & Commu-nicationsProfessional ServicesOther Miscellaneous Grant & Program

Partnership Budget 2013Partnership Budget 2013


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*Personnel, Office Expense, Fund Development, Web Presence/Technology, Meeting, Travel & Conference, Marketing & Communications, Memberships, Professional Services, Other Miscellaneous



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Income ExpenseTotal $587,178 Total $556,645

Current Funders: •Altria Client Services, Inc.•Bon Secours Health Systems, Inc. Foundation•Dominion Resources, Inc. Foundation•Genworth Foundation•Individual Donors•Jackson Foundation•Jessie Ball duPont Fund•Markel Corporation•Richmond Memorial Health Foundation•The Community Foundation•Robins Foundation•Mead Westvaco•New Market•Starbucks

Earned Income and Opportunities:•Annual Conference Fee: Q3 2013•Sponsorship: Ongoing

Approach:• Focused appeal to foundations, business, community leaders, board chairs, executive directors/CEOs (e.g. The Management Group): Ongoing•Tailor options for different sectors, create packaged combinations: Ongoing



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ConnectVA Budget 2013

Income ExpensePartnership Allocation

Program Fees $ 41,550 Operations $ 83,144Corporate Support $ 20,000 Programs $ 19,100Carryover $ 22,000Total $ 83,550 $ 102,244

$ 34,885


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Total $83,550 Total $102,244 Total $18,694

Current Funders: •Genworth Financial, Inc.•The Community Foundation

Earned Income and Opportunities:•Job Finder – Ad Placement Fee: Q1 2013•Business Directory: Q1 2013•Program Fees (workshops, trainings): Ongoing•Sponsorship: Ongoing

Sector Approach:• Focused appeal to technology companies: Ongoing• Seek opportunities to make connections as appropriate with RichTech companies (present at meetings, etc.): Q2 2013•Collaborate with other Partnership programs to create sector focused workshops, conferences, and multiday events.

ConnectVA Budget 2013


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Income Expense Partnership Allocation

Capital One $30,000 Operations $53,240

Carryover $48,200 Programs

ENPL $16,100 ENPL $27,635

ENPL Alumni $ 1,500 Coaching $19,800

Coaching $11,600 Tuition $67,200

LISC/ENPL $ 1,500 VCU Grant $67,096

Total $ 108,900 $234,791

$127,536

Nonprofit Learning Point Budget 2013


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Total $108,900 Total $234,791 Total $127,536

Current Funders:•Virginia Commonwealth University •The Community Foundation•Capital One•ENPL Alumni Giving

Earned Income and Opportunities: •Fees - Class Registration, Executive Coaching, Emerging Nonprofit Leaders: Ongoing•Pilot alternative educational options to 2-day class structure: Spring 2013•Sponsorship: Ongoing•Partner with other organizations and city, county, and state entities: Ongoing

Sector Approach:• Focused appeal to city, county, and state entities for contract opportunities: Ongoing• Focused appeal to larger nonprofit organizations for contract opportunities: Ongoing•Collaborate with other Partnership programs to create sector focused workshops, conferences, and multiday events.

Nonprofit Learning Point Budget 2013


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Carry Over Operations Programs

HandsOn $140,310 $34,600 $273,095 $ 64,500 $162,685

HandsOnYouth $ 59,000 $6,000 $ 76,828 $23,000 $34,828

Altria $ 60,990 $8,000 $ 62,052 $0*

$411,975 $94,160

Total $308,900TotalExpense $492,677

Total Allocation $197,513

* Calculation does not include $275,000 estimate Altria HandsOn@Work project supply pass through funds.

HandsOnRVA Budget 2013


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Total $308,900 $492,677 $197,513

Current Funders: •Altria Client Services, Inc. •Points of Light Institute•Starbucks Foundation•Target, Inc Foundation•The Community Foundation•UPS Foundation•Genworth

Earned Income and Opportunities: •Fee for Service (project management): Ongoing•HandOn@Work: Ongoing•Sponsorship: Ongoing

Sector Approach: •Collaborate with other Partnership programs to create sector focused workshops, conferences, and multiday events.

HandsOnRVA Budget 2013


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Income Carryover ExpensePartnership Allocation

Organizational Solutions $50,000 $81,000 Operations $122,788 $47,688

Programs $55,900

BoardLink $ 19,360 $17,237 $14,300

Total $167,597 $192,988 $47,688

Organizational Solutions Budget 2013


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Total $167,597 $192,988 $47,688

Current Funders: •Fred Tattersall•The Community Foundation Serving Richmond and Central Virginia

Earned Income Opportunities: •Organizational Assessment Toolkit and Training: Q1 – Q4 2013•Technical Assistance Funding: TBD

Sector Approach: •Collaborate with individual, corporate and foundation funders to determine aligned capacity building strategies for organizational development supports

Organizational Solutions Budget 2013


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Income & Carryover

2011 Budget

2012 Budget

2013 Budget

2014 Projectio

n2015

Projection

- Unrestricted$ 247,000

$ 434,400 $ 692,000 $ 797,876* $ 919,951*

- Restricted$ 620,550

$ 521,619 $ 512,910 $ 556,507* $ 603,810*

- Carryover$ 705,910

$ 390,463 $ 458,837 $ 60,424 + $ 0 +

- Total Income

$ 1,573,460

$ 1,346,482

$ 1,663,747 $ 1,414,807 $ 1,523,761

Expenses

- Operations$ 848,146

$ 992,336

$ 1,198,292 $ 1,318,121 $ 1,449,933

- Programs$ 322,133

$ 315,662 $ 405,031 $ 405,031 $ 405,031

- Total Expenses

$ 1,170,279

$ 1,307,998

$ 1,603,323 $ 1,723,152 $ 1,854,964

•Unrestricted income is estimated to increase by 15.3% per year and restricted income is estimated to increase by 8.5% per year due to additional earned income opportunities.

+This is the carryover calculated in the 2013 operating budget and does not include the Operating Reserve and NLP funds. Additionally, the actual carryover may change if additional income is received or expenses are less than budgeted.

Overall 2013 Budget Summary


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2012 (11 FTE)

2013 (11 FTE)

% Increase

*

2013 (13 FTE)

% Increase

+ - Salary $ 529,357 $ 544,107 2.8% $ 638,307 17.3% - Benefits

$ 107,690 $ 116,611 8.3% $ 139,231 19.4%

- Total Cost

$ 637,047 $ 660,718 3.7% $ 775,538 17.4%* Percentage increase is for the same number of FTE’s between 2012 and 2013

+ Percentage increase is for an increase in two additional FTE’s

An additional two FTE’s are paid through VCU and PNE pays a portion of their salaries through a grant.

Salary and Benefits Comparison


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HandsOn

Organizational Solutions

Nonprofit Learning Point

ConnectVA

Earned Income & Sponsorships

$ 118,310 $ 19,300 $ 30,700 $ 35,950

All Other Income $ 141,990 $ 50,000 $ 30,000 $ 25,600

Cash Support from PNE Core

$ 197,513 $ 47,688 $ 127,536 $ 34,855

Carryover $ 48,600 $ 98,237 $ 48,200 $ 22,000

- Total Income $ 506,413 $ 215,225 $ 236,436 $ 118,405

Operation Expense $ 411,975 $ 136,288 $ 53,240 $ 83,144

Programs Expense $ 87,500 $ 66,700 $ 181,731 $ 19,100

- Total Expenses $ 499,475 $ 202,988 $ 234,971 $ 102,244

Expenses Absorbed by PNE Core

$ 66,772 $ 22,257 $ 22,257 $ 11,129

Expenses absorbed by PNE Core include rent, phone, TCF cost sharing, equipment and furniture and calculate to $11,129 per FTE

2013 Income and Expenses


2013 budget presentation december 12, 2012 partnership board meeting

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