Question Preview: Earned Income

#Grantchat 09.01.15 with Ericka Harney

We are constantly talking about diversifying an organization’s funding streams to build a stronger, sustainable organization. Beyond grants, nonprofit organizations have a multitude of funding models. This week on GrantChat, we will be chatting about earned income and how nonprofits can generate revenue without jeopardizing their 501(3) status.

Our guest, Ericka Harney, CFRE, GPC, CVA has developed the following questions to guide us through this topic. Ericka is the Executive Director of the Accounting & Financial Women’s Alliance (AFWA) and The Foundation of AFWA. She brings 15 years of experience with nonprofits and a high-energy entrepreneurial drive to the chat and to the topic this week.

Preview Questions for Earned Income with Ericka Harney

Q1: What is Earned Income? #Grantchat

Q2: Why should nonprofits look at earned income?#grantchat

Q3: What are the disadvantages of any earned income strategy for Nonprofits? #grantchat

Q4:What are the advantages of earned income strategies for NPO? #grantchat

Q5:What are the risks involved for a  nonprofit with earned income?  #grantchat

Q6: When you speak with nonprofits about earned income, what do you caution them about? Why? #grantchat

Q7: How does a nonprofit operate a business without jeopardizing its nonprofit status?  #grantchat

Q8: Are you familiar with UBIT? What is #UBIT and why does it matter to nonprofits? #grantchat

Q9: What are the 3 IRS requirements for income to be taxable as UBIT? #grantchat

Q10: If a nonprofit wants to look at earned income as an opportunity, what should they do first?  #grantchat

Do you have questions about earned income? Share them in the comments section below? Do you have a blog post about earned income or a great link or social media handle for a nonprofit program with earned income? Share it here and share on social media using the hashtag #grantchat We all learn from examples, so please share your examples freely.

Add this chat to your calendar

We are looking forward to having you join us on September 1, 2015 at 12 pm ET for “Lessons Learned ” with @ErickaHarney on @Grant_Chat, sponsored by Smartegrants @smartegrants and co-moderated by Jo Miller @JM_grants , Diane Leonard @DianeHLeonard – with behind the scenes assistance (aka hard work!)  Michelle Loftis @mlloftis

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