Socialenterpriseblog.com

Wars, natural disasters, and rising energy costs have recently created large federal budget deficits. These deficits have led to reductions in public spending at all levels. The same events have also overwhelmed donors and created donor fatigue. This has led to reductions in private contributions for many causes. These declines in the traditional sources of income for not-for-profit organizations have created a need to develop new sources of income

Mr. Romano will discuss 509(a)(3) Supporting Organizations as defined in the IRS regulations. These are earned income subsidiaries, who generate non-taxable business income on the basis of their purpose to the supporting a non-profit parent, albeit separate mission structurally from the parent nonprofit organization. Often times this requires board member inter-locking between the two organizations

Social entrepreneurs are reformers and revolutionaries, but with a social mission. They make fundamental changes in the way things are done in the social sector. Their visions are bold. They attack the underlying causes of problems, rather than simply treating symptoms. They often reduce needs rather than just meeting them. They seek to create systemic changes and sustainable improvements. Though they may act locally, their actions have the potential to stimulate global improvements in their chosen arenas, whether that is education, health care, economic development, the environment, the arts, or any other social field.

John K. Romano (facilitator)

Is the executive director of the International Open Finance Association Inc. a 501 (C) (3) organization which has been involved in Social Entrepreneurship for over five years. He is also the moderator of the socialenterpriseblog.com His 3 hour workshop gives other nonprofits guidance on how to start a “for profit” business in order to finance “a non-profit” cause. After all, non-profit is really a legal status not a business strategy!

Date: November 8th The number to call is: 712-432-3900; when prompted press conference access code - 3326790 and then hit the “#” sign the call is free to cell phone users, otherwise normal long distance phone charges will apply.