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Sharon Magee Appointed to Dublin’s Convention and Visitors Bureau

Sharon Magee Appointed to Dublin’s Convention and Visitors Bureau

Sharon Magee Appointed to Dublin’s Convention and Visitors Bureau

Sharon Magee was recently appointed to the Board of Directors of Visit Dublin. Formerly the Dublin Convention and Visitors Bureau, Visit Dublin drives economic development through tourism and offers complementary services to event planners, group tours, and sporting events, as well as provides resources for out-of-town guests. Visit Dublin supports events like the annual Dublin Irish Festival, The Memorial Tournament, The Celtic Cocktail Trail, and The Irish Fairy Door Trail, among others. Sharon is serving a 3-year term as the Dublin City Council representative. 

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All Hands 2021 Award Winners

All Hands 2021 Award Winners

2021 Award Winners

Congratulations to these Associates for their recent award at the FocusCFO All Hands meeting.

Client for Life Award

Gold Level

Tom Flynn

Area President, Central Ohio

David Green

CFO, Central Ohio

Jeff Lacy

Area President, Central Ohio

Pat Lang

CFO, Central Ohio

Client for Life Award

Bronze Level

Mike Derringer

Area President, Central Ohio

Joe Dougherty

CFO, Central Ohio

Peter Geise

CFO, Central Ohio

Greg Gens

Area President, Northern Ohio

Jim Gilbride

Area President, Northern Ohio

David Gouttiere

CFO, Northern Ohio

Jeff Lacy

Area President, Central Ohio

Scott Lee

CFO, Central Ohio

Sherif Matar

CFO, Central Ohio

Jim McKinney

CFO, Central Ohio

Todd Peter

CFO, Northern Ohio

Jeff Semple

Area President, Northern Ohio

Skip Vermilya

CFO, Northern Ohio

Todd Whetstone

CFO, Northern Ohio

Lynette Zody

CFO, Central Ohio

CFO Hall of Fame

Gold Level

CURRENT MEMBERS

David Bourke

Director, CFO Services

Bruce Collen

CFO, Central Ohio

Pat Lang

CFO, Central Ohio

Lynnette Zody

CFO, Central Ohio

CFO Hall of Fame

Silver Level

NEW MEMBERS

Joe Dougherty

CFO, Central Ohio

CURRENT MEMBERS

Dan Bloom

CFO, Central Ohio

Don Cain

CFO, Central Ohio

Jim McKinney

CFO, Central Ohio

Jim Zins

CFO, Central Ohio

CFO Hall of Fame

Bronze Level

NEW MEMBERS

Scott Lee

CFO, Central Ohio

Walter Himmelman

CFO, Northern Ohio

Scott Davis

CFO, Southwest Ohio

Richard Murch

CFO, Central Ohio

Ric Butler

CFO, Central Ohio

CURRENT MEMBERS

Wendy Brugmann

CFO, Northern Ohio

Will Cooper

CFO, Central Ohio

Dean Cole

CFO, Central Ohio

Kathleen Ferry

CFO, Northern Ohio

David Gouttiere

CFO, Northern Ohio

David Green

CFO, Central Ohio

Sherif Matar

CFO, Central Ohio

Todd Peter

CFO, Northern Ohio

Jim Rowlands

CFO, Northern Ohio

Bob Stecki

CFO, Central Ohio

Skip Vermilya

CFO, Northern Ohio

Area President Awards

Rookie of the Year

Michael Stier

Area President, Carolinas

Area President Awards

Rising Star

Lesli Matukaitis

Area President, Michigan 

Mitch Willis

Area President, Pennsylvania

Area President Hall of Fame

Gold Level

NEW MEMBERS

Jim Gilbride

Area President, Central Ohio

CURRENT MEMBERS

Mike Derringer

Area President,
Central Ohio

Tom Flynn

Area President,
Central Ohio

Jeff Lacy

Area President,
Central Ohio

Jeff Semple

Area President,
Northern Ohio

Area President Hall of Fame

Silver Level

NEW MEMBERS

Bob Miller

Area President, Central Ohio

Darren Cherry

Area President, Central Ohio

CURRENT MEMBERS

Forest Bookman

Area President,
Northern Ohio

Fred Dannhauser

Area President,
Northern Ohio

Peter Geise

Area President,
Northern Ohio

Area President Hall of Fame

Bronze Level

NEW MEMBERS

Bob McAdams

Area President,
Central Ohio

Jeff Farrington

Area President,
Michigan

CURRENT MEMBERS

Bob Miller

Area President,
Central Ohio

Greg Gens

Area President,
Northern Ohio

2020 Continuous Learning Award

Exit Planning Institute – CEPA

NEW MEMBERS

Kim Cooper

CFO, Carolinas

Mark Clower

Area President, Southwest Ohio

Michael Stier

Area President, Carolinas

Randy Feger

CFO, Pennsylvania

Mike Derringer

Area President, Central Ohio

Greg Gens

Area President, Northern Ohio

David Green

CFO, Central Ohio

Lesli Matukaitis

Area President, Michigan

Jeff Farrington

Area President, Michigan

Tom Bartos

Area President, Pennsylvania

Forest Bookman

Area President, Northern Ohio

Bob Palmerton

CFO, Michigan

Mark Rust

CFO, Pennsylvania

Peter Geise

Area President, Northern Ohio

VETERANS

David Bourke

Director,
CFO Services

Darren Cherry

Area President,
Central Ohio

Mark Clower

Area President,
Southwest Ohio

Kathleen Ferry

Area President,
Northern Ohio

Tom Flynn

Area President,
Central Ohio

Jim Gilbride

Area President,
Northern Ohio

Brad Martyn

Visionary and Founder
FocusCFO

Jeff Semple

Area President,
Northern Ohio

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The Third Growth Option Podcast

The Third Growth Option Podcast

The Third Growth Option Podcast

With Jim Collins and David Tramontana

Two partners share two different growth stories – David Tramontana grew a company from 2 to almost 2000 employees (about $50M in revenues) through both organic growth and acquisition, and now he and Jim Collins lead a professional services business, FocusCFO.

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Sources of Funding for a Not-for-Profit

Sources of Funding for a Not-for-Profit

Sources of Funding for a Not-for-Profit

The size of the nonprofit sector is very large, contributing an estimated $1.047.2 trillion to the U.S. economy in 2016, composing 5.6 % of the country’s gross domestic product. According to statistics from the National Council of Nonprofits, there are 1.3 million registered non-profit organizations in the United States. They employ 12.3 million individuals and 64 million serve as board members or volunteers. 

An estimated 25.1 percent of US adults volunteered in 2017, contributing an estimated 8.8 billion hours. The value of these hours is approximately $195.0 billion.

Successful non-profit organizations operate similarly as do for-profit businesses with cash flow management top of mind. We will review the various sources of funding for non-profits and how that relates to developing a sustainable business model.

Contributions, Gifts and Grants

This is the primary source of revenue for most non-profits and also requires an equal amount of effort in development activities. Consider the following when determining how to solicit contributions for your cause: 

  1. Who are the people and organizations with an interest or ties to your cause? 
  2. Who are you serving? Does your organization have members? 
  3. There is an entire industry that has been developed around grants and grant proposal writing. Seek an experienced professional for advice. 
  4. Corporate and individual giving for the general good of the community that your organization supports is another source of funding. 
  5. Other nonprofits may also be a source of funding, and the most well know example of this is United Way. 
  6. Vendors may become a potential resource. While your primary goal for your business relationship with your vendors is to receive the best service for the best price, you may find that when your vendors get to know your organization and mission, they will support your cause. 

Building a Sustainable Business Model

Organizations and individuals contributing to a nonprofit will want to feel comfortable that they are supporting a nonprofit that is being run in a financially prudent matter, and one that will still exist to 

fulfill its mission in the future. Having a sustainable business model and documenting realistic, justifiable projections that show the ongoing viability of the nonprofit are crucial to raising funds from any source. Monitoring performance compared to the business model and plan (both financially and in terms of service provided) and updating the model as circumstances change are important to maintain funding sources and to ensure the sustainability of the nonprofit organization. 

Founded in 2001, FocusCFO is the leading onsite fractional CFO services provider in the Midwest and Southeast, with more than 100 CFOs and Area Presidents throughout Ohio, Indiana, Kentucky, Michigan, North Carolina Pennsylvania, South Carolina, West Virginia and Tennessee. FocusCFO works closely with small to medium sized businesses helping business owners gain control over three key financial and operational areas: increasing cash flow, reducing business risk, and creating a platform for scalable growth. This allows business owners to then realize full financial control and increased value in their businesses.

For more information, visit us at focuscfo.com or follow us on LinkedIn.

FocusCFO Logo 2021

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