JP Morgan Chase

Project

Earned Income Plan

Arts & Culture

By Leslie F.

Executive Director

Posted Jan 14, 2016

This project is

In Progress

Matched with:

Curtis W.

This project will save us $8,000, allowing us to create at least 1 or more earned income streams that will diversify our funding portfolio.

What We Need

  • Assessment and recommendations for income-generating activities that will complement the current mission and existing programs
  • Actionable steps necessary to implement recommendations, alongside estimates of upfront time and monetary investment required
  • Challenges and potential risks identified in pursuing the plan

How This Will Help

Today’s non-profits must have diverse income streams; A robust mix of fundraised, donated and earned income. Without a diverse portfolio the decision of one funder to stop funding an organization, could result in the elimination of a vital program service or the loss of a valuable employee. NBPC seeks to increase the amount of earned income generated to strengthen the diversity of its portfolio. We have existing products and services with growth potential, but we need your help to assess their viability to generate a higher and sustainable flow of income for the organization.

What We Have In Place

To get you started, we have identified four products and services to be assessed: online training courses, a business membership program, a fiscal sponsorship program, and video distribution to educational institutions. We have three years of financial information for existing services, as well as some user data. We have also identified existing models currently in the marketplace

Fun Fact

Our public tv series "AfroPoP: The Ultimate Cultural Exchange" has been hosted by Oscar nominee Gabourey Sidibe, as well as actors' Idris Elba, Anthony Mackie, Anika Noni Rose, and Yaya DaCosta. This season's host is Jussie Smollet from the hit show "Empire"

  • Location: Remote (work anywhere)

Project Steps

  • Prep: Distribution of prep materials
    • Volunteer Manager provides all relevant marketing and branding materials, including but not limited to annual reports, fundraising collateral, website copy and information on representative stakeholders such as donors, advocates, and constituents served
  • Milestone 1: Analysis and feedback
    • Professional provides initial analysis of existing programs, constituents served, and representative supporters
    • Professional and Volunteer Manager brainstorm potential revenue-generation streams and potential target markets
  • Milestone 2: Recommendations
    • Professional provides recommendations for most promising revenue streams, target markets and customers/supporters
    • Volunteer Manager provides feedback, and a specific revenue stream is chosen
  • Milestone 3: Delivery of plan
    • Professional provides the actionable steps, costs, and time estimates involved in developing the income stream
    • Key milestones and performance indicators should be identified to help assist the Organization as they execute the plan
    • Risks and challenges to be aware of as the Organization executes on plan should also be laid out
Prerequisites for Professional
  • Background in business development, entrepeneurship, or strategy consulting
Prerequisites for Organization
  • Staff member involved in either financial or strategic planning committed to this project
  • Business plan in place, or demonstration of clear mission, goals and strategies
  • Clear idea of earned income stream(s) that would serve your mission well

Our Mission

The National Black Programming Consortium is committed to a fully realized expression of democracy. We support diverse voices by developing, producing and distributing innovative media about the Black experience and by investing in visionary content makers.

What We Do

Since 1991, NBPC has invested more than $12 million dollars in iconic documentary content for public media broadcast and distributed hundreds of hours of historical, cultural and socially relevant content to PBS and community audiences. We have funded digital media content made exclusively for the web since 2006. NBPC’s professional development programs provide thousands of producers of color with resources and information needed to contend in an increasingly competitive industry. NBPC is the Executive Producer of the public television series "AfroPoP: The Ultimate Cultural Exchange", an anthology series featuring independent documentaries about the contemporary global black experience, now entering its eighth season. Here is a small sample of programs funded by NBPC: 180 Days: Hartsville Althea Through A Lens Darkly: Black Photographers and the Emergence of a People Out in the Night Black Folk Don't Counter Evoking the Mulatto

Arts & Culture