Earning Our Money vs Asking for Money
The least fun part of leading LTO Ventures is asking for money, but here goes...
I formed LTO Ventures in 2010 to serve a charitable mission focused on developing residential, vocational, educational, recreational, and social engagement options for adults with intellectual or developmental disabilities (IDD) inspired by my daughter.
I have always had a very clear vision of what I wanted to create, the impact I wanted to have, and the individuals I wanted to support. I formed LTO Ventures as a 501(c)(3) nonprofit public charity because of the nature of our mission and because it was important to be able to accept donations, but I never wanted to have to ask for money to accomplish our goals.
The first advice I got when I formed LTO Ventures as a nonprofit was "run it like a for-profit corporation" and I have done just that because first and foremost we are a business, hopefully soon a multimillion dollar business.
We have operated in the black every year and will again this year. Most of our revenues are Earned Income from professional fees billed to our nonprofit clients for our consulting and project management services to help them build their intentional communities, and most of our expenditures have been in delivering those services.
I preach financial self-sustainability to all of our clients and the proformas we create with them for their projects never have charitable contributions as an operational dependency. However…
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