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7649: Non-Profit Tips with Linsey Grove, CEO HypatiaCollaborative
Manage episode 423625682 series 3317264
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RadioStPeteINSIDER news director Nanette Wiser chatted with Linsey Grove, CEO HypatiaCollaborative.co about their work with non-profits, grants and an upcoming cohort of ten local non-profits (soon to be named) who will be mentored by their talented team, supporting the city's health equity initiative. Managing, planning, strategy and how to find and manager grants were just a few of the topics we touched on. "We believe in creating nonprofit operational and administrative capacity to address community inequities," says Grove. Here's what's going on:
The new Shared Services Organization (SSO) program will be a three-year pilot and will provide eligible nonprofit organizations in St. Pete with key administrative services and support that will help them build capacity and scale their work in the community. The Hypatia Collaborative plans to use these funds to connect its nonprofit clients with local consultants to help scale and support their organization and mission. Nonprofit organizations that serve residents in St. Pete will be eligible to apply for these free capacity-building and support services, including:
The new Shared Services Organization (SSO) program will be a three-year pilot and will provide eligible nonprofit organizations in St. Pete with key administrative services and support that will help them build capacity and scale their work in the community. The Hypatia Collaborative plans to use these funds to connect its nonprofit clients with local consultants to help scale and support their organization and mission. Nonprofit organizations that serve residents in St. Pete will be eligible to apply for these free capacity-building and support services, including:
- Grant writing
- Accounting
- Marketing
- Legal support
- Strategic planning
- Program evaluation
The Shared Services Organization will launch on May 15, 2024, at an informational kick-off event, from 5:30-6:30 p.m. at Thrive DTSP (136 4th St. N. Suite 201). Attendees can park in the City Hall parking lot on 2nd Ave. N. or in adjacent street parking. The event will also be live-streamed on Hypatia's YouTube channel (www.youtube.com/@HypatiaCollab).
"I'm excited to see that the SSO model offers a creative and collaborative approach to address the hurdles encountered by small nonprofits. By enhancing efficiency, effectiveness, and impact, it contributes to the overall advancement of the nonprofit sector," said Hypatia CEO, Dr. Linsey Grove. “Our goal is to build real capacity in BIPOC-led and serving nonprofits in St. Petersburg to increase equity in the philanthropic sector and address community needs with community assets.”
The SSO is part of the overall ARPA Coordinated Social Services/HUBs project umbrella that allocated over $8 million in funding using a two-prong approach:
"I'm excited to see that the SSO model offers a creative and collaborative approach to address the hurdles encountered by small nonprofits. By enhancing efficiency, effectiveness, and impact, it contributes to the overall advancement of the nonprofit sector," said Hypatia CEO, Dr. Linsey Grove. “Our goal is to build real capacity in BIPOC-led and serving nonprofits in St. Petersburg to increase equity in the philanthropic sector and address community needs with community assets.”
The SSO is part of the overall ARPA Coordinated Social Services/HUBs project umbrella that allocated over $8 million in funding using a two-prong approach:
- Establish a series of Community Support Hubs in the city
- Provide administrative backbone and capacity-building services through an SSO to support the nonprofits serving residents through the Hubs, as well as other community nonprofits doing impactful work in the community.
More information about the SSO project and the Hypatia Collaborative can be found at hypatiacollaborative.co.
About ARPA As of May 2021, $45 million in ARPA State and Local Fiscal Recovery Funds has been budgeted to continue the response to the COVID-19 pandemic and to help drive an equitable recovery for residents most impacted by COVID-19. More information about ARPA funding in St. Pete can be found at stpete.org/ARPA.
MORE BACKGROUND
According to the Foundation for a Healthy St. Petersburg’s 2018 Nonprofit Assessment Report, approximately 82% of Pinellas nonprofits have assets of less than $10,000. Of the approximately 6,200 nonprofits in Pinellas County, only 1,004 have assets of more than $10,000. According to the report, these numbers demonstrate a financial capacity smaller than the national average. Almost 40% of nonprofit respondents stated that their annual operating budget was less than $250,000. For many of these nonprofits, their main source of funding is government sources; administrative capacity is critical to these sources of funding as they require extensive effort in applying, administering, monitoring, and reporting. These efforts are typically funded by administrative fees, indirect expenses, and overhead built into grants; limits on overhead and indirect expenses are common for these contracts if allowed at all. However, many government contracts often do not pay the true value of the services nonprofits provide.
Almost 35% of nonprofits reported that less than 15% of their revenue is unrestricted. Over 70% of respondents stated that they would like to see an increase in unrestricted funding as the top way to increase the capacity of their nonprofit. Additionally, 42% of nonprofits reported that over the last three years, they did not meet their fundraising goals. Almost three-quarters of respondents stated that the majority of their gifts in the past 24 months were less than $5,000 and over half were unable to recruit donors at $5,000 and above on an annual basis.
Respondents overwhelmingly ranked fundraising and grant writing as their greatest need with marketing and communications, and technology and infrastructure following. Without these unrestricted funds, many nonprofits struggle with meeting their administrative needs (like grant writing) as well as planning and implementing new, innovative programming.
#grants #hypatiacollaborative.co #linseygrove #smallbusiness #nonprofits #stpetersburg #healthequity #grants #stpete #stpetefl #tampabay #radio #radiostpete
#nanettewiser
About ARPA As of May 2021, $45 million in ARPA State and Local Fiscal Recovery Funds has been budgeted to continue the response to the COVID-19 pandemic and to help drive an equitable recovery for residents most impacted by COVID-19. More information about ARPA funding in St. Pete can be found at stpete.org/ARPA.
MORE BACKGROUND
According to the Foundation for a Healthy St. Petersburg’s 2018 Nonprofit Assessment Report, approximately 82% of Pinellas nonprofits have assets of less than $10,000. Of the approximately 6,200 nonprofits in Pinellas County, only 1,004 have assets of more than $10,000. According to the report, these numbers demonstrate a financial capacity smaller than the national average. Almost 40% of nonprofit respondents stated that their annual operating budget was less than $250,000. For many of these nonprofits, their main source of funding is government sources; administrative capacity is critical to these sources of funding as they require extensive effort in applying, administering, monitoring, and reporting. These efforts are typically funded by administrative fees, indirect expenses, and overhead built into grants; limits on overhead and indirect expenses are common for these contracts if allowed at all. However, many government contracts often do not pay the true value of the services nonprofits provide.
Almost 35% of nonprofits reported that less than 15% of their revenue is unrestricted. Over 70% of respondents stated that they would like to see an increase in unrestricted funding as the top way to increase the capacity of their nonprofit. Additionally, 42% of nonprofits reported that over the last three years, they did not meet their fundraising goals. Almost three-quarters of respondents stated that the majority of their gifts in the past 24 months were less than $5,000 and over half were unable to recruit donors at $5,000 and above on an annual basis.
Respondents overwhelmingly ranked fundraising and grant writing as their greatest need with marketing and communications, and technology and infrastructure following. Without these unrestricted funds, many nonprofits struggle with meeting their administrative needs (like grant writing) as well as planning and implementing new, innovative programming.
#grants #hypatiacollaborative.co #linseygrove #smallbusiness #nonprofits #stpetersburg #healthequity #grants #stpete #stpetefl #tampabay #radio #radiostpete
#nanettewiser
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