Thursday, January 22, 2015

DAY 18 (52 Days)

non-proFIT... As many of you know, GTD is a 501(c)(3) non-profit organization. Most people think that being a non-profit means you either have to lose money each year or, at best, break-even. This is a common misunderstanding. Actually non-profit organizations are allowed by law to make a profit, but those profits have to go back into the mission of the organization instead of going out as dividends to shareholders. In fact, the most financially healthy non-profits are the ones that finish with a surplus each year that can be used to expand their outreach, improve their organization, or tuck it away for emergencies. I refer to these financially fit organizations as non-proFITs. GTD strives to be fiscally fit. With a miraculous finish during the final 6 days of 2014, GTD just completed our 5th straight year of finishing with a small surplus since our catastrophic struggle during The Great Recession. We are trending in the right direction, but much of those surpluses have come as a result of harsh salary cuts in order to make budget. We have to breakthrough to the next level - beyond the struggle. And we believe we are on the cusp of doing exactly that. One of the areas we are addressing during our 52 Days campaign is developing our strategy to become financially stable. We are setting out to improve our fundraising, develop our grant writing, and increase our event revenues so that we can finally put the FIT in non-proFIT. We are happy to say that we are partnering with a great organization called Mission Increase Foundation (MIF). They specialize in financially strengthening non-profits. It's an excellent and effective ministry that helps ministries. It's a non-profit for non-profits. Today we attended our first seminar with MIF, and it couldn't have gone better. We are looking forward to the impact God is going to make in GTD through MIF. The future looks bright. It's an exciting time to be a part of GTD!