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Tracy Clark

Your Guide To Creating A For Profit Business To Fund Your Nonprofit, According To Tracy Clark

#036 – Today I am speaking with Tracy Clark, the Founder and CEO of Clark & Clark, a nonprofit consulting firm she runs with her husband Robert Clark.  Tracy has been coaching and setting up non profit organizations for over 10 years.  Together, they have set up over 4,000 Nonprofits and received over 10 million dollars in grant funding.

Clark & Clark teaches self-sufficiency and business development.  Their top priority is to see more minorities access the required funds to pursue their purpose. 

In this episode, we talk about how some nonprofits start a real for profit business that sells products and services and then use the funds generated by that business to fund their programs.

Tracy says:

“even though they may have had some successful fundraising campaigns, what they’re realizing is they want a little bit more control over the funding that’s coming in.”

Be sure to stick around to hear how Tracy started her 1st business at the age of 10.
Check out Clark & Clark at – https://www.clarkandclark.org/

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4 Key Takeaways  

#1 Grant funders want you to demonstrate sustainability;

#2 You can likely operate a business without a storefront;

#3 Nonprofits face a lot competition so make sure you understand why people will want to support yours;

#4 Make sure you do a good job of budgeting.

Check out Groupfinity.com for the show notes and links for this episode.  

Show Notes

**Click the time stamp to jump directly to that point in the episode

[2:14] Nonprofits are realizing they want more control over the funding that's coming in.
[8:10] Do I need a storefront?
[9:22] I would really challenge you to really think about ways to share space with others.
[11:24] There is a lot of competition in the nonprofit world.
[12:34] Find an area of need and think about how you can provide a service and add value.
[13:47] The first thing that you should start thinking about is your budget and what you really need.
[17:30] Find something that you're passionate about and fulfills a need.
[19:27] The biggest thing I learned in the pandemic is you really have to cut out the fluff.
[21:10] When it comes to the virtual space, nonprofits can reach new areas of the world.
[21:53] I started my first business at the age of 10.
[25:13] Connect with Tracy
[26:03] A nonprofit organization does not mean that you don't generate funds.

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Posted in PodcastTagged 501c3, Clark and Clark, fundraising, fundraising ideas, Groupfinity, nonprofit, relationship building, small business, Strategy, Tracy Clark
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