Is Your Organization Fit for Funding?

A RIAN Webinar
With Presenters: Tom Walker of i2E, and Amy Coates Madsen of The Standards for Excellence Institute

Growing Oklahomas Entrepreneurial Economy

Tom Walker CEO & President

January 10, 2012

January 6, 2011

Fifth on Forbes: America's Best Job Markets

#2 for Small Business Vitality "Ranking

April 11, 2011

Kauffman Index of Entrepreneurial ActivityOklahoma the most active for entrepreneurial activity

4th Best City to Get a Job

February 1, 2011

First in Tech Job Growth

December 7, 2010

About i2E
Legal Description: Private not for profit For Profit Subsidiaries Service Area: Oklahoma
Formed: 1998 Staff: 23

Funding Sources

3%
14% 25% 58%

Board of Directors: 26 Oklahoma leaders

Impact
Companies Assisted
Products Launched Portfolio Jobs Average Wage 2010 Revenues

500
390 1500+ $65,202 $200M

Total Invested by i2E

Additional Funds Leveraged Student Entrepreneurship

$15M
$665M $1M

i2E Services

Mentoring & Coaching CFO-in-Residence Sales Exec-in-Residence Entrepreneur-in-Residence

Entrepreneurial Development
Targeted instructional events Focus on retaining and building future entrepreneurs

Six staged funds Managed Angel Group

Venture Advisory Services

Access to Capital

Introducing the Standards for Excellence Program

www.standardsforexcellenceinstitute.org

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

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 Excellence through 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

Standards for Excellence Replication Partners 2012

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 Scrutiny

Demonstrate the ability to self regulate

Gaps between expectations and performance

Standards for Excellence

Standards for Excellence 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

Mission and Program

Defined Mission Statement Evaluation Program Service Standards

Governing Body

Roles and Responsibilities Board Composition

Board Conduct

Conflict of Interest
Disclose Everything

Define Interested Parties

How Decisions Are Made?
Conflict of Interest Policy Conflict of Interest Statement Disclosure Forms

Human Resources
Personnel Policies

Volunteer Policies
Employee Evaluation Employee Orientation

Financial and Legal

Budgets Audits Financial Reports Financial Impropriety

Written Financial Policies

Legal Compliance

Openness
Annual Report: basic financial data clarified Should include a summary statement of activities and a summary statement of financial position

Fundraising
Fundraising Activities
Donor Relations/Privacy Acceptance of Gifts Fundraising Personnel

Public Affairs and Public Policy

Public Policy Advocacy

Public Education
Promoting Public Participation

Standards for Excellence An Organizational Tool

A model for nonprofit organizations to implement accountability in their management & governance practices A framework with a clear statement of the organizations commitment to best practices
A self-regulatory tool to ensure public confidence and public support A demonstration of the organization's commitment to public service

Earn the Seal of Excellence and Show the Public You Deserve Trust

How do organizations earn the Seal?

Phase I
Application Submitted to

Phase II
Undergo 2nd review by

Phase III
Undergo 3rd review by

The Standards Institute

Is the application complete?

Peer Reviewers

Ethics Standards Committee

Should this organization be approved?

Have the Standards been met?

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

Providing the Help You Need

Educational materials specifically focused on the Standards For Excellence code

Direct technical assistance Standards for Excellence specific seminars Other topical training seminars

How you can Take Part in the Standards for Excellence Program:
Enroll in Training programs and access resources from Standards for Excellence Partners or one of the Standards for Excellence Institute Licensed Consultants
Alabama Colorado Springs Delaware Maryland Ohio Oklahoma Pennsylvania The Arc of the US National Leadership Roundtable on Church Management

How you can Earn the Seal of Excellence

Apply with one of our certifying partners:
Maryland Nonprofits Pennsylvania Association of Nonprofits (PANO) Ohio Association of Nonprofits (OANO)

Apply directly with the Standards for Excellence Institute if your organization is located in an area where no certifying replication partner exists

For more information about the Standards for Excellence Program:

Amy Coates Madsen Program Director, Standards for Excellence acmadsen@standardsforexcellenceinstitute.org 443-438-2314 For a copy of the Standards for Excellence Tiered Recognition or Full Starter Kit, email me or download it at our website. www.standardsforexcellenceinstitute.org

i2E Governance
Board of Directors
Executive Committee

Finance & Audit Committee

Nominating & Governance Committee

Investment Committee Seed & TBFP

Compensation Committee

Accelerate Oklahoma Committee

President & CEO

Why did i2E seek Certification?

Public and private support requires confidence in management practices
The Standards of Excellence Institutes goals and objectives relative to transparency and ethical management run concurrent with i2Es Third-party certification provides the advantage of independent review

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

Jan 2009 April 2009: i2E staff attends Excellence Training Clinics

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.

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

Oct 2010: Standards of Excellence Institute Certificate received at i2E. Success!

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

Partners

Thank You