Philadelphia Foundation

Project

Earned Income Plan

Community & Economic Development

THIS PROJECT IS

Canceled
This project will save us $11,794 , allowing us to This project would help us diversify our revenue sources, which currently heavily rely on foundation grants and corporate contributions.

What We Need

  • Assessment and recommendations for income-generating activities that will complement the Organization's current mission and existing programs
  • Actionable steps necessary to implement recommendations, alongside estimates of upfront time and monetary investment required
  • Challenges and potential risks identified in pursuing the plan

Nice To Have

identification of legal/tax implications to be considered.

How This Will Help

The success of our organization depends on identifying a source of revenue that is market-driven. Without your help, we cannot comprehensively analyze and develop an action plan. Your skills will empower us to develop a plan for executing earned income stream.

What We Have In Place

We currently have a draft of a strategy, summary of services which should make it easy for you to get started. We also have a clearly defined idea of the product we want and the ability to provide any other information you need.

Fun Fact

We call ourselves the Mighty Chamber and occasionally host restaurant crawls to showcase Latino culinary entrepreneurs.

  • Location: Remote (work anywhere)

Project Steps

Prep: Distribution of Prep Materials
  • Volunteer Manager provides all relevant marketing and branding materials, including but not limited to annual reports, fundraising collateral, website copy and information on representative stakeholders such as donors, advocates, and constituents served
Milestone 1: Analysis and Feedback
  • Professional provides initial analysis of existing programs, constituents served, and representative supporters
  • Professional and Volunteer Manager brainstorm potential revenue-generation streams and potential target markets
Milestone 2: Recommendations
  • Professional provides recommendations for most promising revenue streams, target markets and customers/supporters
  • Volunteer Manager provides feedback, and a specific revenue stream is chosen
Milestone 3: Delivery of Plan
  • Professional provides the actionable steps, costs, and time estimates involved in developing the income stream
  • Professional outlines key milestones and performance indicators to help assist the Organization as they execute the plan
  • Professional outlines and challenges to be aware of as the Organization executes on plan should also be laid out
Prerequisites for Professional
  • Background in business development, entrepeneurship, or strategy consulting
Prerequisites for Organization
  • Staff member involved in either financial or strategic planning committed to this project
  • Business plan in place, or demonstration of clear mission, goals and strategies
  • Clear idea of earned income stream(s) that would serve your mission well

Our Mission

To develop, promote and advocate for Hispanic business in the Greater Philadelphia region while encouraging the advancement and economic growth of the Hispanic community.

What We Do

We help close the outcome gaps for Latino entrepreneurs and professionals by providing access to networks, resources, and education.

Community & Economic Development Employment Services