Humanitarian Student Exchange Program
Solving Emerging Nonprofits Funding and Visibility Issues
The Charity Market Place LLC is a web-based community with an overall mission to connect nonprofit organizations with business tools needed for financial growth and visibility improvement. Through the Humanitarian Student Exchange program, we will provide qualified junior and senior college students to asses and provide guidance to nonprofits on how to better support their business structure and day to day operations. The goal of this program is to improve the overall business model of a nonprofit resulting in improved support to their cause.
PROBLEMThrough our direct research nonprofits are reporting systemic problems with obtaining funding and the lack of visibility as the primary reasons that they cannot effectively support their cause. Upon further analysis our current team of university students have determined this to be primarily due to poor business practices, the lack of a basic business strategy or operational plan. This would include: a written business procedures, fundraising strategy, marketing/public relations tactics, financial planning and awareness of IRS tax guidelines. .
SOLUTION:The Charity Market Place implements and facilitates the connection of college students needing internship credit with nonprofits needing business model and operational support. We will deliver this service using a four-way agreement:
i. Marketing major audits the health a nonprofits advertisement and fundraising techniques or campaigns. ii. Accounting majoraudits, a nonprofits ability to properly account incoming and outgoing revenue and for compliance tax or standing with the IRS iii. Finance major assesses the nonprofits current fundraising and revenue model. Short term and long-term financial ability to support their cause. iv. Managerial Science major audits the operational organization of day to day business task, such as capacity planning, growth production and board member roles and functions.