Anquillare, Ruocco, Traester and Company

                                         Certified Public Accountants and Consultants

Nonprofit organizations are beginning to explore the benefits of capitalism.  More and more organizations have developed good quality business ventures that generate substantial and predictable cash flow.  And they are using the extra cash to advance their important mission-driven social programs.

Creative nonprofit organizations are leveraging their know-how to own and operate all sorts of businesses.  For example, one can find nonprofit organizations involved in management services, hotels, restaurants, tour operators, landscaping, and even caskets.  The list is endless.  While it is easier said than done, earned income ventures provide a level of independence that nonprofit parents never would have experienced had it not been for their for-profit subsidiaries.

We would be delighted to explore how your nonprofit organization could benefit from an earned income venture.  There will be a lot to talk about.  For instance, there are topics associated with production, infrastructure, management, governance, planning, risk, capital procurement, due diligence, business formation, tax matters, as well as philosophical concerns, cultural issues, and supporter perceptions.

You don't have to start out with a giant leap- something small may be better just to get the "bugs" out. Whatever you decide, don't let the opportunity slip away- call or email Vincent Ruocco, LLC, CPA today at (203) 932-2931 or vruocco@artcpas.com.