Yale School of Management - The Goldman Sachs Foundation Partnership on Nonprofit Ventures Announces Second National Business Plan Competition Results
New Haven, CT, October 15, 2003 - "The Yale School of Management - The Goldman Sachs Foundation Partnership on Nonprofit Ventures" today announced its selection of 80 nonprofit organizations to proceed to Round II of the Second National Business Plan Competition for Nonprofit Organizations.
The Partnership on Nonprofit Ventures received 445 applications from nearly every state in the country and all types of organizations both large and small: 53 percent are running service-related businesses, 29 percent product-related businesses, and 18 percent other types. Among them, 65 percent are new businesses and 35 percent are in their early stage.
The 80 selected nonprofits will submit working drafts of their business plans later this year. In February 2004, 20 finalists will be selected to present their business plans to a panel of expert judges at the Second Annual Conference and Awards Ceremony to be held on May 12-13, 2004, in New York City. The judging panel will select four grand-prize winners, each of whom will receive $100,000 and four semi-finalists, each of whom will receive $25,000. In addition to cash awards, the winners will receive hundreds of hours of technical business planning consultations to assist their organizations in implementing their ventures.
Yale SOM Professor Sharon M. Oster, a leading authority on competitive strategy and nonprofit management and co-faculty director of The Partnership, explained, "We are quite excited by the quality and diversity of business ventures submitted to this year's Competition as more nonprofit organizations learn how to develop promising revenue-generating business models. We've also learned that many of last year's winners have successfully leveraged our prize money to gain incremental funding, and we're hopeful that this year's winning organizations will find the same financial advantages in participating."
Stanley J. Garstka, Deputy Dean of the Yale School of Management, who serves as the co-faculty director of The Partnership added, "Our evaluation team was comprised of over 400 evaluators offering assistance on a pro bono basis, including Yale SOM alumni, McKinsey & Company consultants, Goldman Sachs employees, and other experts in the field. Each submission was reviewed by three evaluators, and all entrants receive comprehensive feedback to assist their organizations in moving their ventures forward or to help them rethink their business strategies. We are extremely gratified that more than 300 of this year's evaluators were Yale SOM alumni, comprising nearly 10% of our alumni body. We take this as a positive sign that the mission of our school - to educate leaders for business and society - has taken root."
About The Partnership on Nonprofit Ventures
The Partnership on Nonprofit Ventures was funded through combined grants totaling $6 million made by The Goldman Sachs Foundation and The Pew Charitable Trusts. The Yale School of Management - The Goldman Sachs Foundation Partnership on Nonprofit Ventures educates nonprofits about nonprofit enterprise, serves as a mechanism for capitalizing promising profit-making ventures with financial support, and provides intellectual capital to build the practice of social entrepreneurship in the nonprofit sector at-large. As its signature event, The Partnership runs the National Business Plan Competition for Nonprofit Organizations. The Partnership maintains a comprehensive online Resource Center with current research, articles, and discussion boards on the subject of nonprofit enterprise and social entrepreneurship.
About The Yale School of Management
The mission of the Yale School of Management is to educate leaders for business and society. The school prides itself on preparing men and women to combine rigorous business skills with a broader appreciation for the economic, social, and political factors that shape the global environment. The Partnership on Nonprofit Ventures brings together three strands of the Yale School of Management's teachings-entrepreneurship, business skills, and social responsibility-to nonprofit organizations, infusing its program with the philosophy that superb business and management skills are a critical ingredient for leadership in every sector of the economy - private, public, and nonprofit. Since 1993, the Yale School of Management has been consistently rated #1 in Nonprofit Management among the nation's graduate management programs by U.S. News and World Report.
About The Goldman Sachs Foundation
The Goldman Sachs Foundation is a global philanthropic organization funded by The Goldman Sachs Group, Inc. The Foundation's mission is to promote excellence and innovation in education and to improve the academic performance and lifelong productivity of young people worldwide. It achieves this mission through a combination of strategic partnerships, grants, loans, private sector investments, and the deployment of professional talent from Goldman Sachs. Funded in 1999, the Foundation has awarded grants in excess of $43 million since its inception, providing opportunities for young people in more than 20 countries. For more information, visit http://www.gs.com/foundation.
About The Pew Charitable Trusts
The Pew Charitable Trusts support nonprofit activities in the areas of culture, education, the environment, health and human services, public policy and religion. Based in Philadelphia, with an office in Washington, D.C., the Trusts make strategic investments that encourage and support citizen participation in addressing critical issues and effecting social change. In 2002, with approximately $3.8 billion in assets, the Trusts committed more than $166 million in grants to nonprofit organizations. For more information, visit http://www.pewtrusts.com.
SECOND NATIONAL BUSINESS PLAN COMPETITION FOR NONPROFIT ORGANIZATIONS
ENTRANTS SELECTED TO ROUND II
Nonprofit Organization Name/State/website/Venture Description
1000 Friends of New Mexico
Smart Growth Development Services will work with rural communities in New Mexico on city planning, urban design, and economic analysis of growth. The business will utilize innovative technologies and predictive modeling tools, and will work with clients to secure resources for, and complete the build-outs of, plans that the venture helps to develop.
55 Plus Center
Toolboxes Plus will be a home repair business aimed primarily at older adults in the community who are seeking reliable, trustworthy contractors to do minor repairs and projects at home. The majority of workers assigned to these jobs will be retirees looking to supplement pensions and social security income.
A Better Bronx For Youth Consortium (BBFY)
The BBFY Technology Center is a full-service community and business technology access center, providing high speed copying, facsimile, digital archiving, printing, and mailbox services, and a computer training center consisting of 40 wireless networked workstations with Internet access.
The Board of Trustees and the Staff of the Adirondack Museum in Blue Mountain Lake, New York have implemented a new venture designed to increase earned income by creating a satellite Adirondack Museum Gallery and Store in one of the museum's closest major population centers, Lake Placid, NY.
The African Conservancy's Traveler's Legacy program is a geotourism venture offering luxury safari travel packages to Zambia. This unique travel program will benefit from the partnerships established by the Conservancy and will, in turn, contribute to the success of the projects undertaken by the Conservancy in the local Zambian communities.
Alphapointe Association for the Blind
Alphapointe has developed a new translucent polypropylene pharmaceutical bottle with ultraviolet ray protection that can be manufactured and sold at lower cost than its nearest competitor. The new plastic container will be marketed to commercial mail-out pharmacies, vitamin suppliers, and veterinary pharmaceutical laboratories.
Albemarle Records is the independent production and distribution vehicle for recordings created by The American Boychoir. It was created to both generate earned income for The American Boychoir and expand its artistic mission, by growing established markets and taking advantage of new business models evolving from rapid changes in technology.
American Red Cross, Oregon Trail Chapter
The Oregon Trail Chapter of the American Red Cross is in the early stage production of a disaster readiness kit - a small cylinder that attaches under a desk or workstation filled with essential tools to help "find you or guide you" in the event of a disaster.
American School for the Deaf
American School for the Deaf proposes to expand and update the school's printing operation with the intention of establishing a for-profit business designed to meet the printing needs of the nonprofit community, and to train and employ adult vocational clients.
Arc of Greater New Orleans, The
Arc Vending will place and maintain drink and food vending machines in various locations, and franchise operational routes to individuals with mental retardation. These individuals may be paired with a person without an intellectual disability who will serve as an additional support. In addition, Arc Vending will create opportunities for individuals to buy into the business and become owners/operators of their own routes, while still having the supports necessary to remain successful.
Arts & Business Council of Greater Boston
The Board Center for the Arts will be the region's leading board training and placement resource for companies and arts and cultural organizations.
Artworks Educational Foundation
Artworks Educational Foundation is developing a nationally broadcast television series about art for children, ages 6-12, as well as research and program initiatives with museums, school systems, and institutions of higher learning.
Austin Circle of Theaters
Austin Circle of Theaters (ACoT), a Central Texas performing arts service organization, is launching a business venture to brand Austin's performing arts experience. The business will promote and sell a "Let's Go Austin" arts and entertainment card that offers card holders discounts. ACoT will also remodel and expand AusTIX, the downtown half-price ticketing outlet, and develop a branded and highly visible performance arts marketing campaign.
Austin NonProfit Resource Network dba Greenlights for NonProfit Success
Cruise Control will provide nonprofits with shared back-office functions and high quality direct administrative services for financial management, personnel management, risk management and more, so that participating nonprofits can focus on achieving their mission.
Board Of Social Ministry
BSM Development Corporation develops, builds, and operates senior housing on a for-profit basis in order to support a larger mission of providing affordable housing for seniors without regard to their financial means.
Brooklyn Bridge Park Coalition
As the nonprofit partner in the development of the Brooklyn Bridge Park, the largest park to be built in Brooklyn in over 100 years, the Brooklyn Bridge Park Coalition is seeking, in cooperation with its government partners, to develop earned income revenues from programming, product sales, concessions, rental of park facilities, and sponsorships to increase its organizational self-sufficiency and support the Park.
Brookwood Community, The
Brookwood is initiating its new business venture, a food packaging enterprise, in order to educate and employ adults with disabilities and generate operating income for Brookwood's mission.
Bushnell Memorial Hall
ElderArts engages seniors cognitively and physically in stimulating and fun art activities. Senior artists in peer settings, performance opportunities, memoir and reminiscing workshops provide hands-on authentic arts experiences for active elders.
Casita Maria, Inc.
Casita will use an existing industrial kitchen and dining facility in its Bronx headquarters to launch Culinary Works. The program will train participants in the art of cooking, promote food and ancillary services entrepreneurship, and fuel job needs in the immediate area as well as in the robust New York City hotel and restaurant market.
Catholic Big Brothers for Boys and Girls
This business will deliver personal safety awareness and training workshops to help children in grades K-8 understand and avoid a variety of risks, including abductions, Internet lures, inappropriate touching, medicines that resemble candy, household poisons, and guns.
CEI Community Ventures, Inc.
CEI Community Ventures (CCVI) is a socially responsible, community development venture capital fund targeting distressed communities in Maine, New Hampshire and Vermont. Part of the US Small Business Association's New Markets Venture Capital (NMVC) program, CCVI is one of only seven such organizations so designated in the US and carries a triple-bottom line - social, environmental and financial returns.
Center for Economic Options
CEO plans to develop and operate The Mountain Marketplace distributorship for high-quality handcrafted items produced by small-scale artisans and manufacturers from the mountainous communities of West Virginia. CEO will distribute the products to regional and national gift stores, hotels, specialty food stores, grocery stores, and airports.
Charles River Watershed Association
CRWA Resources, a division of Charles River Watershed Association (CRWA), is a start up business venture focused on developing, manufacturing, and distributing a new residential water collection and retention technology called SmartStorm.
Chicago Community Ventures
Inner City Fund is a private equity fund investing in high growth businesses in low and moderate income communities and minority and women-owned businesses in Illinois. As a community development venture capital fund, ICF seeks to generate profitable economic returns for its investors and positive community development benefits (e.g., job creation, wealth creation, increased entrepreneurship, etc.).
Child Care Resources
Child Care Resources' online training venture will deliver high-quality, instructor led, short topic training, 24-hours a day, 7-days a week over the Internet to child care providers, so that they can meet their annual training requirements.
CityKids Foundation, The
MUSE Productions creates hard hitting, issue-based docu-drama videos, curricula and interactive workshops for young people and youth service providers. MUSE products are created by the trained and talented actors, musicians and facilitators of The CityKids Foundation, giving them a unique youth perspective.
Community Culinary School of Charlotte
Encore Catering is a subsidiary of the Community Culinary School of Charlotte. Encore Catering is a full service catering company that provides funds for its nonprofit training program and job opportunities for its graduates.
Cultural Development Corporation
The Cultural Development Corporation (CuDC) is opening Flashpoint, an arts incubator that will offer strategic business services and affordable arts and office space in a modern setting. At Flashpoint, the CuDC will rent a contemporary art gallery, 75-seat theatre lab, and dance studio to artists and DC-area cultural organizations, and also offer much-needed management consulting services.
DARTS (Dakota Area Resources & Transportation for Seniors)
DARTS Specialized Transit Solutions include full service vehicle maintenance, professional driver training, and quality consulting services focused on the unique needs of nonprofit organizations. Also serving for-profit entities, DARTS brings nearly 30 years of specialized transportation experience to clients in the Twin Cities Metropolitan area and greater Minnesota.
Doe Fund, The
The Doe Fund runs the Ready, Willing & Able residential work training program that helps homeless individuals become self-sufficient through work opportunities in street sanitation, food service, security and construction. The Doe Fund proposes to launch a pest control business that trains and employs homeless and formerly homeless individuals as exterminators.
Dress for Success Cincinnati
The 4th Street Boutique is an upscale thrift store located in downtown Cincinnati, Ohio that sells the surplus clothing donated to Dress for Success Cincinnati to the general community.
Community Realty is a full service real estate brokerage firm working with buyers and sellers of real estate in all price ranges. Community Realty's profits go entirely to support the award-winning local affordable housing initiatives of EmPOWERment, Inc.
Energy Coordinating Agency of Philadelphia
$mart Energy Solutions will provide integrated energy conservation and solar energy services to residential and small business customers in the Philadelphia metropolitan area.
Voter Guide Toolkit is proprietary software licensed to local media that enhances web and traditional campaign coverage. e-thePeople is a leader in online civic media, providing services to over 700 newspaper, TV and radio web sites.
Eviction Defense Network
The Eviction Defense Network is a legal services office dedicated to ensuring access to the legal system and access to justice by low and moderate income tenants. Below market fees make high quality legal services accessible to people who are otherwise denied legal representation.
Fraser will capitalize on its nationally renowned autism expertise by creating a multimedia autism curriculum. The curriculum will be delivered in CD-ROM format, and will have content specific to children who have autism, their parents, and the professionals who serve them.
Green Guide Institute, The
Filling an important information gap in mainstream health, environmental and consumer publishing, The Green Guide and www.thegreenguide.com offer a unique information destination --the place where Consumer Reports meets Good Housekeeping and Web MD for the health and environmentally conscious.
Groundspring will integrate technologies garnered in two recent acquisitions: ebase from TechRocks, Inc., and a web content management system from ActionStudio.org. These systems will be combined with its current online donation processing and email list management services to provide an integrated and affordable suite of online engagement tools that will enable even financially strapped nonprofits to effectively communicate with, mobilize, and raise funds from their members both online and offline.
Growing Home, Inc.
Growing Home's mission is to provide employment training and to create jobs for homeless and low-income people within the context of its organic agriculture business. Growing Home owns a ten acre farm where it is growing a wide variety of organic produce, and selling it at farmers' markets and to restaurants in Chicago.
Half the Sky Foundation
The structure of the Chinese welfare system precludes government support of Half the Sky's early intervention preschools and infant nurture centers inside China's state-run orphanages, and there is no tax incentive for individual philanthropy in China. In the fall of 2004, Half the Sky will launch the first of a series of early childhood development centers in China to serve the young children of the rising middle class, enabling the new population of wealthy Chinese to support their country's abandoned little girls.
The Reinvesting Through Technology Program aims to alleviate disinvestment in low- and middle-income communities by helping financial institutions meet Community Reinvestment Act requirements. The Program utilizes the expertise of volunteers from for-profit corporations to carry out strategic technology projects in nonprofit organizations involved in community revitalization and economic development in Greater Boston, while generating income through a fee charged to involved for-profit organizations.
Humane Society of the United States, The
Humane Wildlife Solutions will conduct humane wildlife removal and wildlife entry prevention for residential and commercial properties on Cape Cod. These services will save the lives of thousands of wildlife while educating the public on how to coexist peacefully with them.
I Do Foundation
"I Do" Charitable Wedding Services will work with retailers to offer wedding gift registries that generate charitable donations, enabling retailers to increase gift spending and attract new bridal customers while creating new resources for nonprofits.
Inner City Christian Federation (ICCF)
Providence Home Mortgage, Inc. will provide mortgage financing for qualifying conforming and non-conforming borrowers in the residential real estate market throughout the metropolitan area of Grand Rapids, Michigan. The loan activities will generate revenue through origination fees and negotiated fees received from other financial institutions, and eventually distribute dividends to ICCF, its parent company.
Inspiration Cafe, a nonprofit organization helping the homeless in the Uptown area of Chicago, operates a culinary arts job training program for the homeless and those at risk for homelessness. One day per week, the cafe opens as a restaurant, and the students prepare and serve lunch to the general public generating income for the cafe. The venture will grow this pilot program and open a restaurant and job training center that serves lunch and dinner to the public six days per week.
Institute for Caregiver Education, Inc.
CareEd provides an on-line learning environment for the provision of federally mandated training, skill building exercises, and continuing education for those working in the long-term care industry.
Jewish Family & Children's Service
Transition Strategies, LLC will provide timely and reliable eldercare information and guidance in critical decision-making when independent living is no longer a viable option.
Ka Hale Pomaika'i
Ka Hale Pomaika'i is a Native Hawaiian transitional housing program for addicts and alcoholics in recovery, and is open to all those who struggle with sobriety on Moloka'i. The nonprofit has acquired a 9 acre farm to grow tropical flowers for sale, with the intended outcome to support the residence and help its residents gain job skills.
La Casa de Don Pedro
La Casa's Institutional Catering business will create and sell nutritious meals to local pre-kindergarten programs, after school centers, and other organizations that must provide meals on a budget.
Legal Aid Foundation of the Tallahassee Bar Association, Inc., The
This business makes civil legal services accessible to those of modest means who need them, cannot afford them, and therefore lack access to the justice system.
Living Bank International, The
The Living Bank International provides real time, on-line organ donor registry services to states without a state donor registry, making the organ donor information recorded in DMV records immediately accessible to organ procurement organizations. LBI also provides consulting services to states and/or organ procurement organizations in the process of establishing their own donor registries.
Currently serving Northern California, OpportunityKnocks.org is a nonprofit jobs web site. The Partners Network will enable OK.org to serve the entire country through local promotion and advertising produced by its partners, which are local management service organizations that have deep penetration in their local nonprofit markets. The partners will earn up to 70% of the revenue generated by OK.org in their markets.
Manchester Craftsmen's Guild
Manchester Craftsmen's Guild's record label, MCG Jazz, produces live jazz concerts and audio/video products, and sells production services associated with its facility.
This business will deliver a climate-controlled fine art storage to other arts institutions and private collectors, utilizing a 100-year-old water tank structure on MASS MoCA's historic campus, creating jobs and commercial activity.
MBAs4NYC provides pro bono advisory services to small businesses in Lower Manhattan. Its "Strategies in Action" program will offer complementary implementation services for a fee.
Meals on Wheels of Greater Richmond
Meals on Wheels is constructing a 44,000 square foot cook/chill facility to service its primary customer base. With this unique technology, the new kitchen will have excess capacity to serve other clients such as local grocery chains, retirement homes, and food distributors.
Medicare Rights Center
Medicare Interactive is an online, interactive Medicare counseling, training, and assistance system that helps people with Medicare and the professionals who serve them understand how to access the Medicare benefits and health care services they need. MRC's goal is to sell branded and/or customized versions of the web site, sponsorships, and bundled products to generate earned income.
National Science Resources Center (NSRC)
The National Science Resources Center (NSRC) has established a Professional Development Center to assist teachers in building the content knowledge and skills needed to implement effective, research-based science education curriculum programs in their classrooms. The products and services provided by the Professional Development Center are part of an integrated approach of the NSRC to improve the learning and teaching of science to all children in the United States and abroad.
Nonprofit Center of Milwaukee, Inc.
The Finance Center will provide a comprehensive mix of programs and services to nonprofits to strengthen their capacity in eight critical areas of finance and accounting: financial management training; financial management services; financial management roundtables; financial consulting; financial library and lab; financial management Institute; and financial management and professional development.
Northern Virginia Mediation Service, Inc.
Fight Nice is a business venture, which will provide pre-paid dispute mediation services to homeowners', condo, and civic associations.
Northwest Side Community Development Corporation
This venture is a partnership between for-profit and nonprofit real estate development organizations that will undertake significant real estate development projects in Milwaukee's central city. The partnership is inspired, in part, by the availability of New Markets Tax Credits, a very important equity financing tool that is available to community development corporations and their stakeholders.
Partners for Sacred Places
New Dollars/New Partners is a fee-based training program designed to teach religious congregations how to find new sources of funding and support to keep their historic buildings active and in good repair.
Planned Parenthood of Delaware
Planned Parenthood of Delaware plans to establish a private for-profit gynecologic medical practice in conjunction with its existing reproductive healthcare services.
Pro Bono Net, Inc.
Pro Bono Net will create a new package of web services to help law firms manage their in-house pro bono programs. This service is intended to help firms increase their existing pro bono programs and at the same time increase legal representation to the poor.
Project Reach Youth, Inc.
Project Reach Youth's Project Venture is launching a catering company staffed by young people who have completed their culinary art training curriculum.
ReCycle North's REVIVE Reclaim Venture creates new value from human and material resources that are otherwise wasted. REVIVE employs disadvantaged individuals, particularly at-risk youth, to manufacture value-added products made from salvaged building materials.
The Rescue Mission will pilot a dollar-store concept to better serve the working poor and others who shop its thrift stores. The store's products include socks and underwear, kitchen and household items, cleaning supplies, paper products, baby care items, basic hardware and seasonal crafts.
Rochester Rehabilitation Center, Inc.
This venture will provide document and digital imaging services, including document management and storage, to legal system customers, including attorneys, law firms and other public agencies associated with the courts.
Rocketown of Middle Tennessee
Rocketown is a 40,000 square foot teen entertainment and recreation complex including a coffee bar, night club, and an indoor skate park.
Search Developmental Center
The Caregiver Resource Center offers technical assistance and education to family and individual caregivers who are unpaid, to build their caregiving skills and provide them with resources for obtaining benefits, quality healthcare, and living supports.
Seattle Children's Theatre
The Seattle Children's Theatre and The Children's Theatre Company have formed a unique business alliance to market and license plays and musicals for young audiences to schools, colleges, and theatres.
SouthEast Effective Development
This venture will create public art for affordable housing and economic development projects in underserved communities.
Three Rivers, Inc.
Three Rivers, Inc. will provide non-medical attendant care services to elderly and disabled individuals seeking alternatives to nursing home placements.
Tohono O'odham Community Action
Native Trade Route will produce and market a variety of healthy, traditional Native American foods. Initial marketing will take place in Southwestern Native communities with the aim of reducing high levels of diabetes; secondary marketing will take place in the broader gourmet market.
Transitional Work Corporation (TWC)
Transitional Work Corporation Tots will provide extended hour child care service primarily to individuals participating in TWC's employment and training programs. TWC will also use this child care service as a paid internship experience for individuals who are enrolled in the child care employment track, especially those planning to open their own home-based child care centers.
Urban Homesteading Assistance Board
UHAB Mutual will provide property and liability insurance to a large community of low-income housing cooperatives in New York City.
Volunteer Consulting Group, Inc.
www.vcg.org & www.boardnetUSA.org
boardnetUSA.org is an interactive website serving nonprofit boards seeking board members and individuals wishing to serve as trustees, enabling them to learn about and connect with each other across barriers of skill, ethnicity and geography. The site emphasizes skill and expertise-based board development to foster access to board candidates to improve nonprofit management at the local, regional and national level.
corporate/index.jsp VolunteerMatch Corporate (VMC) is a customized version of the award-winning VolunteerMatch service. VMC was specifically designed to meet the unique needs of leading corporations who recognize the economic and social value of community involvement. The goal is to provide an innovative, easy way for employees to get involved in their communities while giving corporations an effective way to manage and track results.
Wolf Trap Foundation for the Performing Arts
The Wolf Trap Education department will leverage the Wolf Trap name, brand, reputation, market, and knowledge of the arts industry to launch a series of child and family-centered CDs.
Work Resource Center
Building Value is an innovative job training program in building trades and retail that converts landfill-bound construction and demolition waste into valuable assets for the community.