The Social Enterprise: A hybrid organization at the intersection of the business and non-profit worlds
We live in a world where business, not-for-profits and government have historically stayed in separate silos of purpose:
Business focuses on positive financial results, non-profits provide myriad supports, from housing to medical care and government attempts to help fund the efforts of one while regulating the other.
But times have changed. For non-profits, government funding is not returning to pre-recession levels and the philanthropic dollars are limited. Meanwhile, demand for critical service continues to increase. These conditions require systemic change and innovation to meet the needs of our society. According to the Nonprofit Finance Fund 2013 annual survey of 6,000 non-profits across the county, the need for new solutions is critical:
- 42% of survey respondents report they do not have the right mix of financial resources to thrive and be effective in the next 3 years.
- Only 14% of nonprofits receiving state and local funding are paid the full cost of the services: just 17% of federal fund recipients receive full reimbursement.
- 1 in 4 nonprofits has 30 days or less cash-on-hand.
- For the first time in the five years, more than half (52%) of the survey’s respondents reported they were unable to meet demand over the past year.
- Jobs (59%) and housing (51%) continue to be the top concerns for those in low-income communities.
These difficult conditions require new solutions. The social enterprise creates a hybrid venture combining the power of the marketplace and business practices with mission focus to provide additional revenue streams and mission solutions.
Social Enterprise Solutions was formed in 2013 by Roy Soards to help non-profits navigate this sometimes unfamiliar territory. His decades of experience in the field allows client organizations to steadily move from concept to implementation— improving chances of success while avoiding pitfalls.
For details about the process we follow, see Our Approach.