The O+M: Review

What are non-profit organizations?

• 1. They exist to bring about a change in individuals and in society. 

• 1. They are organizations whose missions are to serve the public good. 

• 1. Are known as public charities and 501(c)(3)s

• 1. All of these! 

TRUE OR FALSE: A mission statement is a succinct statement that denes the organization’s core purpose.

• True

• False

This defines what our organization will look like in 3, 5, or 10 years

• 1. Mission Statement 

• 1. Vision Statement 

• 1. Values Statement 

• 1. Presidential Statement

1. TRUE OR FALSE: Core values describe the median price of tickets to your show

• True

• False

A statement that summarizes why a consumer should buy a product or use a service

• Value Proposition

• Mission Statement

• Bill of Rights

• Gap Analysis

Technique used to determine what steps need to be taken in order to move from a current state to a desired future state.

• Trend Analysis

• Value Analysis

• Gap Analysis

• Crystal Ball Analysis

TRUE OR FALSE: S.W.O.T. stands for Strengths, Weaknesses, Options, and Threats

• True

• False

A competitive advantage

• 1. Defines what you are best at in relation to your competitors. 

• 2. Connects your mission to your vision.

• 2. Is the guiding statement that explains how you get to your vision. 

• States the when, where, how and who of your customer base. 

TRUE OR FALSE: For your budget, a commonly used reserve goal is three to six months’ expenses

• True

• False

TRUE OR FALSE: For your budget - on the high end, your reserves should not exceed the amount of ve years' budget.

• True

• False