Is Your Organization Fit for Funding, Jan 10

8/3/2019 Is Your Organization Fit for Funding, Jan 10

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Is Your Organization Fit

for Funding?A RIAN Webinar

With Presenters:Tom Walker of i2E, andAmy Coates Madsen of The Standards forExcellence Institute


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Growing OklahomasEntrepreneurial Economy

Tom WalkerCEO & President

January 10, 2012


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First in Tech Job Growth

#2 for Small Business Vitality "Ranking

4th Best City to Get a JobFebruary 1, 2011

April 11, 2011

January 6, 2011

December 7, 2010

Fifth on Forbes: America's Best Job Markets

Kauffman Index of Entrepreneurial Activity-

Oklahoma the most active for entrepreneurial activity

4th Best City to Get a Job
http://www.forbes.com/


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About i2E

Legal Description:

Private not for profit

For Profit Subsidiaries

Service Area:Oklahoma

Formed:

1998

Staff:

23

Board of Directors:

26 Oklahoma leaders

3%

14%

25%58%

Funding Sources


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Impact

Companies Assisted 500

Products Launched 390

Portfolio Jobs 1500+Average Wage $65,202

2010 Revenues $200M

Additional Funds Leveraged $665M

Student Entrepreneurship $1M

Total Invested by i2E $15M


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Mentoring & Coaching

CFO-in-Residence

Sales Exec-in-Residence

Entrepreneur-in-Residence

Venture Advisory

Services

Targeted instructional

events

Focus on retaining

and building future

entrepreneurs

Entrepreneurial

Development Six staged funds

Managed AngelGroup

Access to Capital

i2E Services


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Introducing theStandards for Excellence

Programwww.standardsforexcellenceinstitute.org


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Introducing the Standards

for Excellence Institute

A national initiative launched to promote

the highest standards of ethics and

accountability in nonprofit governance,

management and operations.

Uses as a foundation the Standards for

Excellence: An Ethics and Accountability

Code for the Nonprofit Sector


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Standards for Excellence

Development of the Program

1996: Volunteers started developing the code

1998: Maryland Association of Nonprofits Launched the

first Standards for Excellence Program

2001: Began replicating the project nationally, pilot effort 2004: Launch of the Standards for Excellence Institute

2005: Launch of National Standards certification program

First group of Licensed Consultants enters the program

2007: First organizations to earn the Seal of Excellencethrough the Standards for Excellence Institute

2011: Celebration of 10 Years of the Standards for

Excellence Program and Standards for Excellence

programming available around the country


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Standards for ExcellenceReplication Partners 2012


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Why Care about Ethics and

Accountability?

Public Opinion

Easily swayed / high expectations

Limited confidence

Looking for easy answers

Competition for Funding

How do you set yourself apart?

Federal and State Regulatory ScrutinyDemonstrate the ability to self regulate

Gaps between expectations and performance


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What are They?

8 Guiding Principles and 55 Benchmarks

Mission and Program

Governing Body

Conflict of Interest Financial and Legal

Human Resources

Openness Fundraising

Public Affairs and Public Policy


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Mission and Program

Defined Mission Statement

Evaluation

Program Service Standards


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Governing Body

Roles and Responsibilities

Board Composition

Board Conduct


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Conflict of Interest

Disclose Everything

Define Interested Parties

How Decisions AreMade?

Conflict of InterestPolicy

Conflict of InterestStatement

Disclosure Forms


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Human Resources

Personnel Policies

Volunteer Policies

EmployeeEvaluation

EmployeeOrientation


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Financial and Legal

Budgets

Audits

Financial Reports

Financial Impropriety

Written Financial

Policies

Legal Compliance


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Annual Report: basic

financial data clarified

Should include asummary statement of

activities and a summary

statement of financial

position

Openness


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Fundraising

Fundraising Activities

Donor Relations/Privacy

Acceptance of Gifts

Fundraising Personnel


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Public Affairs and Public

Policy

Public Policy Advocacy

Public Education

Promoting PublicParticipation


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An Organizational Tool

A model for nonprofit organizations to implementaccountability in their management & governancepractices

A framework with a clear statement of theorganizations commitment to best practices

A self-regulatory tool to ensure public confidence

and public supportA demonstration of the organization's commitment

to public service

Earn the Seal of Excellence


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Earn the Seal of Excellence

and Show the Public You

Deserve Trust


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How do organizations earn

the Seal?Application

Submitted to

The

Standards

Institute

Is the

application

complete?

Undergo 2nd

review by

Peer

Reviewers

Have the

Standards been

met?

Undergo 3rd

review by

Ethics

Standards

Committee

Should this

organization be

approved?

Phase I Phase II Phase III


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Introducing:

Tiered recognition

Easier to navigate

Go at your own pace

Start at level one or

three Each tier builds on the

previous!

Feedback and

assistance from staff

at each Tier


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Educational materials specifically focused on theStandards For Excellence code

Direct technical assistance

Standards for Excellence specific seminars

Other topical training seminars

Providing the Help You Need


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How you can Take Part in the


Program:

Enroll in

Training

programs and

access resourcesfrom Standards

for Excellence

Partners or one

of the Standardsfor Excellence

Institute

Licensed

Consultants

Alabama

Colorado Springs

Delaware

MarylandOhio

Oklahoma

Pennsylvania The Arc of the US

National Leadership

Roundtable on

Church Mana ement


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How you can Earn the Seal of

Excellence

Apply with one

of our certifying

partners:

MarylandNonprofits

Pennsylvania

Association of

Nonprofits(PANO)

Ohio

Association of

Nonprofits

(OANO)

Apply directly with

the Standards for

Excellence Institute

if your organizationis located in an area

where no certifying

replication partner

exists

F e f t t t e


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For more information about the


Program:

Amy Coates Madsen

Program Director, Standards for Excellence

[email protected]

For a copy of the Standards for Excellence Tiered

Recognition or Full Starter Kit, email meor download it at our website.

www.standardsforexcellenceinstitute.org


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Board of Directors

Executive

Committee

Finance

& Audit

Committee

Nominating

& Governance

Committee

Investment

Committee

Seed & TBFP

Compensation

Committee

Accelerate

Oklahoma

Committee

President & CEO

i2E Governance


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Why did i2E seek Certification?

Public and private support requires confidence in managementpractices

The Standards of Excellence Institutes goals and objectives

relative to transparency and ethical management runconcurrent with i2Es

Third-party certification provides the advantage ofindependent review


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Certification Process

Oct 2010:

Standards of Excellence Institute Certificate received at i2E. Success!

March 2010 Sept 2010:Standards of Excellence Institute reviews i2Es application

April 2009 Feb 2010:

i2E works through the application and makes improvements where needed.

i2E submits their application to the Standards of Excellence Institute in early Feb.

Jan 2009 April 2009:

i2E staff attends Excellence Training Clinics

Dec 2008:i2E becomes member of the Oklahoma Center for Non-Profits


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Outcome and Value

of Certification Reinforced Governance and Accountability Practices

Beneficial in working with existing partners as wells as

identifying new partners

Advantageous in Board Recruitment

Operational benefit in going through the process

Provides competitive advantage


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Partners


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Thank You

Is Your Organization Fit for Funding, Jan 10

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