New Sector Alliance Inc.

Transcription

1 New Sector Alliance Inc. General Information PO Box Quincy, MA 2269 (617) Website Organization Contact Brian Garshelis Year of Incorporation 21 1

2 Statements & Search Criteria Mission Statement New Sector Alliance's mission is to accelerate social change by strengthening organizations and developing leaders. Since 2, New Sector has worked to change lives, organizations, and the world. Through our fellowship programs, early-career professionals develop leadership skills and nurture their commitment to social impact through a comprehensive Social Impact Leadership Curriculum, one-on-one mentoring, and coaching from peers and staff. Fellows are also matched with host site organizations, where they complete high-impact capacity building projects, including impact measurement, program expansion, and technology planning projects. Through this realworld experience, Fellows develop the skills to build long-term careers as leaders in the social sector while helping organizations better meet the needs of communities. Background Statement Many young college graduates, potential future leaders in non-profit and mission driven organizations, want to pursue social sector careers. But they turn away because they see a lack of training and career development opportunities in the social sector, especially compared to other career opportunities in the private sector that beckon the brightest college graduates. In New Sector, our Fellows participate in cohort models that include between 15 and 2 Fellows per Region and work in Host Sites for the duration of the cohort, from two to 11 months. Their cohort experience includes one half day group training session every other week; participation in a leadership development group, a smaller subsection of the cohort; an assigned mentor and daily responsibilities working with the leadership level staff of their assigned host sites. New Sector has engaged alums in over 1, hours of training. 95% of our Alumni say that the training and host site experience they had while in New Sector Alliance remains transferable and relevant to their work today. Currently our active Alumni association numbers over 8 members. Alumni continue to rely on New Sector and the relationships they developed to guide and support them in careers of service. The mission, to build the future capacity and leadership of non-profits, by training interested young people, has the additional and substantial benefit of strengthening the specific non-profits which provide the Host Site experience for our Fellows. These organizations get young talent, passionate about the field, selected through a very competitive application process that draws from across the USA. The Fellows not only learn from the experience, they make a substantial difference in the Host Site. These host sites represent a wide range of non-profit organizations, different sizes, different missions and different challenges. Our Fellows have completed capacity building, leadership development and management projects at more than 4 unique host site organizations across the country. Over 97% of Alumni tell us that the projects made them more effective as social sector managers and leaders. The host sites also routinely report enthusiastic responses to the passion, enthusiasm, talent and work these Fellows bring to host site organizations. In recent years Fellows have been placed in large and small Host Sites, primarily in the cities where New Sector operates. Impact Statement New Sector was founded in Boston and is entering its fifteenth year of providing local fellowship programs to train future non-profit leaders. We have expanded successfully to San Francisco (21), Chicago (213) and the Twin Cities (214) and have over 85 Alumni of our programs. Our Fellows have engaged in over 1, hours of training, and 95% of our Alumni say that the training remains transferable and relevant to their work today, which multiplies the impact of the training. Our Fellows have completed capacity building projects at more than 4 unique host site organizations, over 97% of whom tell us that the projects made them more effective, also multiplying the effect of our programs on thousands of community members. We are currently investing in growth priorities to reach 1, Fellows per year. 2

3 Needs Statement New Sector has been using its own internal funds to subsidize those particularly needy, vulnerable and underfunded non-profit organizations to enable those organizations to participate in the New Sector Alliance Fellowship programs. New Sector wants to rebuild it's scholarship pool to continue to both provide services to these underfunded, smaller and more challenged non-profits because it helps the non-profits and because helping these more high risk non-profits provides an excellent learning opportunity for our Fellows. We seek scholarship funds from foundations, corporations and city governments who are committed to supporting and building the capacity of non-profit organizations. The full cost of supporting a Fellow in a Host Site is about $1 per month. Our main cohort program is our RISE Fellowship which lasts for 11 months, about $12,. We want to raise $5, for scholarships. These funds will enable New Sector to offer Fellows organizational experience with a much wider range of non-profits and will enable these smaller, more at-risk nonprofits to take advantage of the capacity building skills brought to their service through the Fellows' contributions. Service Categories Nonprofit Management Geographic Areas Served San Francisco, California (including Bay Area communities such as Oakland)Boston, Massachusetts (including nearby communities such as Cambridge)Chicago, Illinois (including nearby communities such as Evanston)Minneapolis and Saint Paul, Minnesota Please review online profile for full list of selected areas served. 3

4 Programs Residency in Social Enterprise (RISE) Description New Sector's Residency in Social Enterprise is a competitive program that provides recent graduates and young professionals with the opportunity to serve at a nonprofit organization with a competitively selected cohort of recent college graduates who are passionate about developing a career of service. Through their efforts to further the mission of their host sites, their experience with daily nonprofit operations, and the training and support New Sector provides, RISE Fellows develop a holistic understanding of community, service, leadership, and the elements of a socially responsible career. During their term of service, Residents produce tangible results and enhance organizations' abilities to address the needs of their constituents while developing the knowledge and skills necessary for continued success in the social sector. The standard RISE Fellow program is an 11 month program. New Sector also offers a summer Fellowship and plans to launch additional RISE Fellowship models starting in early 217. Budget 23 Category Population Served Program Short Term Success Program Long term Success Program Success Monitored By Education, General/Other Adults, College Aged (18-26 years), Daily victories as our Fellows work to strengthen their host sites' service delivery capacity and as our Fellows strengthen their commitment to a career of service in the social sector. A strong Alumni association with over 8 members; and a network of over 1 non-profit organizations that have been strengthened through their participation with New Sector Alliance Director of Evaluation and Training with the assistance of our new performance management dashboard which monitors closely the Fellows' and the Host Sites' goals and performance. Examples of Program Success 4

5 Management CEO/Executive Director Executive Director Ms. Barbara Thornton Term Start May 216 Senior Staff Mr. Brian Garshelis Title Experience/Biography National Program Director Staff Information Full Time Staff Part Time Staff Volunteers Contractors Retention Rate % Staff Demographics - Ethnicity African American/Black Asian American/Pacific Islander 4 Caucasian 6 Hispanic/Latino 2 Native American/American Indian Other Staff Demographics - Gender Male Female Unspecified 4 6 Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Annually 5

6 Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Annually Annually Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Management Succession Plan? Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Document Destruction Policy Directors and Officers Insurance Policy Under Development 6

7 Board & Governance Board Chair Board Chair Mr. Roger Krakoff Company Affiliation Cloud Capital Term Mar 213 to Sept 217 Board Members Name Affiliation Status Harry (Hap) Brakeley III Partner, Merkle, Inc. Voting Lance Bultena Partner, Hogan Lovells Voting Michael Etzel CEO, Bridgespan Group Voting Nan Giner Partner, Choate Hall Voting Linda Hood Senior Manager, Simplivity Voting Roger Krakoff Partner, Cloud Capital Voting Jay Lorsch Faculty, Harvard Business School Voting Rebecca Shin MPA Candidate, Harvard Kennedy School of Government Voting Anne Shoemaker TechnoServe, NYC Voting Fay Shong Partner, Ernst & Young Voting Board Demographics - Ethnicity African American/Black Asian American/Pacific Islander Caucasian 1 Hispanic/Latino Native American/American Indian Other Board Demographics - Gender Male Female Unspecified 5 5 Board Information Board Term Lengths Number of Full Board Meetings Annually 3 4 7

8 Board Meeting Attendance % Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions Constituency Includes Client Representation 8% 9% Constituent Board Members Name Sana Aaser Marie Angeles Hilary Baker Dan Benevento Damen Erf Jenna Fiore Nathan Hixson Joelle Hughley Elise Jun Sithara Kodali Elizabeth Lee James Liu Colleen Ludwig Lindsay Rosenfeld Anne Shoemaker Carly Strauss Lauren Ting Sathya Vijayakumar Lynnli Wang Kyle Warner Ashley Zlatinov Affiliation Noor Kids and New Sector Alumna University of Michigan and New Sector Alumna Education Superhighway and New Sector Alumna HealthDataViz and New Sector Alumnus McMaster-Carr and New Sector Alumnus St. Anthony's Foundation and New Sector Alumna Enterprise Assistance Fund and New Sector Alumnus YMCA Greater Twin Cities and New Sector Alumna Egon Zehnder and New Sector Alumna Third Sector Capital Partners and New Sector Alumna Morgan Stanley and New Sector Alumna Dropbox and New Sector Alumnus The Possible Project and New Sector Alumna Benevolent and New Sector Alumna Alumni Board Chair Neighborhood Funders Group and New Sector Alumna Google and New Sector Alumna University of Michigan and New Sector Alumnus Harvard University and New Sector Alumna Simon-Kucher and Partners, and New Sector Alumnus Harvard Government Performance Lab and New Sector Alumna 8

9 Financials Fiscal Year Fiscal Year Start Sept 1, 216 Fiscal Year End Aug 31, 217 Projected Revenue $3,995,719. Projected Expenses $3,88,891. Endowment? No Spending Policy N/A Credit Line? Reserve Fund? Months Reserve Fund Covers Detailed Financials Revenue and Expenses Fiscal Year Total Revenue $3,633,564 $3,51,517 $2,119,52 Total Expenses $3,918,712 $3,449,444 $2,427,126 Revenue Sources Fiscal Year Foundation and Corporation Contributions Government Contributions $529,138 $55,916 $529,98 Federal State Local Unspecified $529,138 $55,916 $529,98 Individual Contributions $84,35 $48,34 $26,481 Indirect Public Support Earned Revenue $2,262,546 $1,636,259 $1,76,762 Investment Income, Net of Losses $44 Membership Dues Special Events Revenue In-Kind $757,26 $86,332 $484,128 Other $819 $67 $2,179 9

10 Expense Allocation Fiscal Year Program Expense $3,626,188 $3,66,426 $2,333,324 Administration Expense $153,37 $259,513 $9,91 Fundraising Expense $139,154 $123,55 $2,892 Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses 93% 89% 96% Fundraising Expense/Contributed Revenue 23% 22% 1% Assets and Liabilities Fiscal Year Total Assets $753,495 $1,42,32 $1,44,524 Current Assets $753,495 $1,42,32 $1,42,754 Long-Term Liabilities $ $ $ Current Liabilities $5,172 $53,849 $18,126 Total Net Assets $73,323 $988,471 $1,386,398 Short Term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long Term Solvency Fiscal Year Long-Term Liabilities/Total Assets % % % Top Funding Sources Fiscal Year Top Funding Source & Dollar Amount Second Highest Funding Source & Dollar Amount Third Highest Funding Source & Dollar Amount Capital Campaign Currently in a Capital Campaign? Capital Campaign Anticipated in Next 5 Years? No Comments Foundation Staff Comments Financial summary data in charts and graphs are per the organization's audited financials. Contributions from foundations and corporations are listed under individuals when the breakout was not available. Created Copyright 218 The Boston Foundation 1