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
12/12/2012 Confidential For Internal Use Only
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*Personnel, Office Expense, Fund Development, Web Presence/Technology, Meeting, Travel & Conference, Marketing & Communications, Memberships, Professional Services, Other Miscellaneous
Partnership Budget 2013Partnership Budget 2013
12/12/2012 Confidential For Internal Use Only
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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
Partnership Budget 2013Partnership Budget 2013
12/12/2012 Confidential For Internal Use Only
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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
12/12/2012 Confidential For Internal Use Only
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Income ExpensePartnership Allocation
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
12/12/2012 Confidential For Internal Use Only
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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
12/12/2012 Confidential For Internal Use Only
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Income ExpensePartnership Allocation
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
12/12/2012 Confidential For Internal Use Only
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Income ExpensePartnership Allocation
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
12/12/2012 Confidential For Internal Use Only
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Income ExpensePartnership Allocation
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
12/12/2012 Confidential For Internal Use Only
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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
12/12/2012 Confidential For Internal Use Only
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Income ExpensePartnership Allocation
Total $167,597 $192,988 $47,688
Current Funders: •Fred Tattersall•The Community Foundation Serving Richmond and Central Virginia
Earned Income Opportunities: •Organizational Assessment Toolkit and Training: Q1 – Q4 2013•Technical Assistance Funding: TBD
Sector Approach: •Collaborate with individual, corporate and foundation funders to determine aligned capacity building strategies for organizational development supports
Organizational Solutions Budget 2013
12/12/2012 Confidential For Internal Use Only
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Income & Carryover
2011 Budget
2012 Budget
2013 Budget
2014 Projectio
n2015
Projection
- Unrestricted$ 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
12/12/2012 Confidential For Internal Use Only
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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
12/12/2012 Confidential For Internal Use Only
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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
12/12/2012 Confidential For Internal Use Only
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