Today’s episode explores a unique path that one nonprofit took to transition from steady, incremental growth to a dramatic program expansion and impact. : buying a for profit company.
We spoke with David Shaffer, CEO of First Step Staffing. In 2015, First Step Staffing was a $2 million nonprofit organization providing employment opportunities for low-income, hard to employ people (including those who are homeless and citizens returning from incarceration). The nonprofit took a bold step by purchasing a for profit staffing firm with annual revenues of about $20 million!
One year after the purchase, First Step staffing was using the combined infrastructure to have a much larger impact on the community. They provided employment to over 2,100 of Atlanta’s homeless, and 86% of those working over 180 days were able to rent their own residence!
This unique conversation explored:
For decades, the nonprofit sector has sought cost savings and a better continuum of care through the strategic merge of two or more organizations. Some well known mergers have been phenomenally successful, while others feel like Absolute blunders.
Our featured conversation this week is with Erik Speakman, a partnership and merge specialist who has successfully led facilitated many successful mergers. In our conversation we discuss:
Article of the Week
Denise Spivak, the Senior Director of Programs and Outreach with CenterLink, introduced us to the NonprofitPro website with this week’s Article of the Week: 6 Steps to Volunteer Happiness by Katrina VanHuss. Happy volunteers make great ambassadors and supporters for an organization, and this article helps us understand how to recruit, engage, and retain truly happy volunteers.
Listen on iTunes Android Stitcher Sound Cloud
Search the archives
Browse archives by category