Please see the Document attached. This project is a culminating course project, you are tasked with crafting a comprehensive Resource Development Plan proposal for a startup nonprofit organization. You have been automatically assigned to a group on Canvas. we are conceptualizing one of your own organizations, this proposal should encompass the following key components: (Pleas See attached document) I am only responsible for 8&9 and have the chart already I just need to have the rest completed and adress the concerns: ( Please use my other classmates parts of the project to have this flow and connect and use the citations that my other classmates have used in the document.)
8. RESOURCE AND BUDGET ALLOCATION
To ensure that the MADE in NJ operations and programs run smoothly, there is a need for a clear and concise allocation of resources and a clear budget
Specify the allocation of resources, including finances, personnel, and other assets. Develop a comprehensive budget that outlines the anticipated costs associated with your programs, operations, and resource development efforts.
Concerns and Edits needed:
(This is the budget that
breaks down your annual projected revenue and expenses for the organization. It
categorizes your revenue by different funding sources and your operating
expenses by program and overhead costs.
Program budget: If your
organization is launching a new project or program, you may create a separate
budget that covers the specific revenue you’ll need and the expenses you expect
to incur while launching the program. Be sure to consider both the one-time
expenses involved with launching the program as well as those that you’ll need
to incorporate into your operating budget from year to year to maintain it.
Grant proposal budget: When
you apply for a grant, you may need to develop a budget describing how you will
use the grant funds to advance your organization’s mission.
For example, if you’re
expecting to receive $100,000 from individual fundraising this year, you may
determine that $50,000 will come from major donors, $20,000 from peer-to-peer
campaigns, $20,000 from your online donation page, and $10,000 from direct mail
fundraising.
Fundraising
Status
Related
files
Notes
BAG TO BAG
Not
started
File
Major Donors
In
progress
File
Peer-to-Peer Campaign
Launched
File
Mobile
Not
started
File)
9. Funding Goal:
Clearly state your funding goal, indicating the amount required to execute your Resource Development Plan successfully. Provide a breakdown of how these funds will be utilized across different aspects of your nonprofit’s initiatives.
Concerns and Edits needed: (So
crowdfunding is the general term for a particular fundraising. In it – i believe
– is peer-to-peer and mobile – but I don’t know… should we break down
fundraising?
Also,
we have expenses but we need to put revenues in, correct? Like what do we expect
to receive in terms of fundraising from each fundraising tactic and the
government contract?
This is
the budget that breaks down your annual projected revenue and expenses for the
organization. It categorizes your revenue by different funding sources and your
operating expenses by program and overhead costs.
Program
budget: If your organization is launching a new project or program, you may
create a separate budget that covers the specific revenue you’ll need and the
expenses you expect to incur while launching the program. Be sure to consider
both the one-time expenses involved with launching the program as well as those
that you’ll need to incorporate into your operating budget from year to year to
maintain it.
Grant
proposal budget: When you apply for
a grant, you may need to develop a budget describing how you
will use the grant funds to advance your organization’s mission.
For
example, if you’re expecting to receive $100,000 from individual fundraising
this year, you may determine that $50,000 will come from major donors, $20,000
from peer-to-peer campaigns, $20,000 from your online donation page, and
$10,000 from direct mail fundraising.)
Please use these sources to complete the assignment (Not all just the ones that relate to RESOURCE AND BUDGET ALLOCATION and FUNDING GOAL )
WORKS CITED
Bell, J. (2021, March 2). Developing human capital: Moving from extraction to reciprocity in our organizational relationships. Non Profit Quarterly. https://nonprofitquarterly.org/developing-human-capital-moving-from-extraction-to-reciprocity-in-our-organizational-relationships/
Beyond Intranet. (2024). Non-Profit Intranet. https://www.beyondintranet.com/intranet-for-nonprofits
Boardsource (2024). What does board service entail? [Infographic] Boardsource.org. https://boardsource.org/board-service-infographic/
Browzwear. (2022, July 6). What are the benefits of using 3D clothing design software? https://browzwear.com/blog/what-are-the-benefits-of-using-3d-design-software
https://hmgroup.com/sustainability
Dees, J. G. (1998, January-February). Enterprising nonprofits. Harvard Business Review, Social Enterprise section. https://hbr.org/1998/01/enterprising-nonprofits
H&M Group. (2023). Memberships and Collaborations. H&M Group. https://hmgroup.com/sustainability/leading-the-change/memberships-and-collaborations/
Hossain, M., & Oparaocha, G. O. (2017). Crowdfunding: Motives, definitions, typology and ethical challenges. Entrepreneurship Research Journal, 7(2). https://www.degruyter.com/document/doi/10.1515/erj-2015-0045/html
Indeed Editorial Team. (2023, March 10). What is resource mobilization and why is it important?
https://www.indeed.com/career-advice/career-development/resource-mobilization
Laidler-Kylander, N., Samali, M., Simonin, B., and Zohdy, N. (2016, May 19). Why and how do nonprofits work together?. Philanthropy News Digest. https://philanthropynewsdigest.org/features/the-sustainable-nonprofit/why-and-how-do-nonprofits-work-together
Magnin, C. and Hedrich, S. (2019, July 25). Refashioning clothing’s environmental impact. McKinsey Sustainability. https://www.mckinsey.com/capabilities/sustainability/our-insights/sustainability-blog/tackling-scope-3-emissions-through-supplier-collaboration
Markovits, M. and Eddington, T. (2014, July 21). Human Capital management: Don’t reinvent the wheel. Bridgespan. https://www.bridgespan.org/insights/human-capital-management
McCambridge, R. (2018, October 22). Nurturing renewable human capital in the nonprofit workplace. Non Profit Quarterly. https://nonprofitquarterly.org/nurturing-renewable-human-capital-in-the-nonprofit-workplace/
Snyder, J., Mathers, A. and Crooks, V. A. (2016). Fund my treatment!: A call for ethics-focused social science research into the use of crowdfunding for medical care. Social Science & Medicine 169 : 27–30.10.1016/j.socscimed.2016.09.024
The Bridgespan Group. (2014). Making sense of nonprofit collaborations. https://www.bridgespan.org/getmedia/f5d1a314-a277-4a5f-a13c-8483360fac25/MakingSenseOfNonprofitCollaborations_1.pdf