Impact Lab, Small Business, Client Success Story Westerly Creative Studio Impact Lab, Small Business, Client Success Story Westerly Creative Studio

Joining the Impact Lab: How is it Free, and Do I Qualify?

Every year, our team here at Mission Edge works to spread the word about our Impact Lab cohorts: completely free finance support for small business owners who qualify. Our team of finance coaches is dedicated to helping you achieve your business and financial goals. When you join a cohort, you're not just learning new things about owning a business; you're transforming the way you do business.

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Nonprofit, Small Business, CSR Westerly Creative Studio Nonprofit, Small Business, CSR Westerly Creative Studio

How Your Company Can Prepare for a Volunteering Event

At Mission Edge, our expertise in Community Engagement programming places us at the forefront of understanding the intricacies of volunteering. We've compiled a series of practical tips designed to ensure your employees are well-equipped during your CSR volunteer event and that they feel wholly supported as you send them off into the world to lend a hand.

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Impact Lab, Small Business, Client Success Story Westerly Creative Studio Impact Lab, Small Business, Client Success Story Westerly Creative Studio

How the Impact Lab Helped This Entrepreneur Change Her Money Mindset

Impact Lab graduate Abby Brown is the driving force behind H2OM, a sustainable apparel brand that’s making waves in the fashion industry with its eco-friendly activewear. Our team provided guidance on efficient inventory management, strategic fundraising, and navigating the complexities of fashion retail, all while keeping Abby's commitment to the environment at the forefront.

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Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio

Mission Edge Celebrates the Majdal Center’s Impressive YOY Growth

Our fiscal sponsorship program has allowed the Majdal Center to focus on what it's best at: interacting with and impacting our local San Diego community. Our collaboration with Majdal Center led to significant growth, including the center’s budget has increased nearly 25% year over year since joining! Learn how Fiscal Sponsorship helped them continue to empower the Arab community in San Diego.

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Impact Lab, Small Business, Client Success Story Westerly Creative Studio Impact Lab, Small Business, Client Success Story Westerly Creative Studio

Before-and-After Stories: The Power of Working with a Finance Coach

Learn why working with a finance coach can transform your small business and see the success stories from our recent Impact Lab participants! From creating a clear business plan to getting you on track to pay yourself a living wage, our team can give you the financial clarity you need to reach sustainable profitability.

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Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio

Fiscal Sponsorship vs. Nonprofit Formation: A Comprehensive Guide

Fiscal sponsorship is when a nonprofit sponsor invites a charitable project to operate under its tax-exempt status. This arrangement allows the charitable mission to focus on fundraising and impact, while the sponsor handles administrative responsibilities, from finances to HR. Fiscal Sponsorship can be a helpful tool because it offers a streamlined way to access funds and operate efficiently.

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Fueling the Future: Indigenized Energy and Mission Edge

The best part about our jobs here at Mission Edge is helping our community's heroes go further, faster. Our collaboration with Indigenized Energy is one of our favorite stories to tell because the organization is creating waves of change for Native tribes across the country. Through fiscal sponsorship, we came alongside them to help them develop new practices and policies.

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Impact Lab, Small Business, Client Success Story Westerly Creative Studio Impact Lab, Small Business, Client Success Story Westerly Creative Studio

Embracing Full-Time Entrepreneurship with Mission Edge

Elliss joined our Impact Lab program to transform her clothing rental business into a full-time endeavor. Her journey with Mission Edge is a testament to the importance of targeted inventory management, financial planning, and marketing interventions that can lead to substantial improvements in business performance and sustainability.

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Nonprofit, Small Business, CSR Westerly Creative Studio Nonprofit, Small Business, CSR Westerly Creative Studio

Trust-Based Philanthropy and Corporate Social Responsibility

Traditionally, grantmaking is straightforward: the wealthy donate to the less fortunate to address societal issues. But here at Mission Edge, we want funders to bring an awareness of power and equity. Trust-Based Philanthropy seeks to rebalance the power dynamics in philanthropy. At its foundation, it acknowledges the reality that philanthropy has contributed to systemic inequities.

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Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio

What is Fiscal Sponsorship? Agreements, Benefits, and Costs

Fiscal sponsorship allows organizations to operate under the umbrella of an established nonprofit, giving them access to charitable funds without the hassle of setting up their nonprofit entity so they can focus on what they do best: bringing their social change projects to life. With Mission Edge, we handle the administrative workload and provide strategic support to help you scale and grow.

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Impact Lab, Small Business, Client Success Story Westerly Creative Studio Impact Lab, Small Business, Client Success Story Westerly Creative Studio

Marketing Business Increases Profit Margin with the Impact Lab

Sometimes, all it takes is fresh eyes and a new perspective. That's precisely what our finance experts did to help Gwen get her marketing business on a path toward profitability and scalable growth. Gwen's journey with the Impact Lab demonstrates the importance of strategic financial analysis, tracking expenses, niche targeting, and specific pricing strategies that can lead to profitability.

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Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio

Fiscal Sponsorship – Which Model Is Right for You?

When considering Fiscal Sponsorship, both Model A and Model C have a range of benefits that vary depending on your specific situation. There are financial, administrative and cultural advantages to both options. Understanding the diverse ways fiscal sponsorships can affect your organization can help make your decision easier.

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Nonprofit, Small Business, CSR Westerly Creative Studio Nonprofit, Small Business, CSR Westerly Creative Studio

From an Idea to a Plan: Qualcomm’s Racial Justice Initiative

Qualcomm’s racial justice initiative sought to allocate $500,000 across 10 different organizations, each actively working to dismantle racial injustices in unique ways. Mission Edge facilitated this process, making sure the initiative was not just about financial support, but that it also brought employees together to engage in meaningful dialogues on racial justice.

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Breathing Life Into End-of-Life Care

A veteran, death doula, and educator, Dr. Qwynn Salazar is on a mission to ignite change in how we provide end-of-life care for those who served in the military. That’s why she started her organization, In Their Honor (ITH), in 2021 — to raise awareness and address veterans’ challenges as they approach the end of their lives.

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Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio Fiscal Sponsorship, Small Business, Nonprofit Westerly Creative Studio

Fiscal Sponsorship: Model A vs. Model C

There are two main types of fiscal sponsorship: Model A and Model C. Also known as "direct" or "comprehensive" fiscal sponsorship, Model A is an all-in-one solution; this is a nonprofit in a box. Model C is sometimes called "indirect" fiscal sponsorship or a "pre-approved grant relationship."

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Impact Lab, Small Business, Client Success Story Westerly Creative Studio Impact Lab, Small Business, Client Success Story Westerly Creative Studio

From Losses to Long-Term Profitability

At the time Andrea joined Mission Edge, her primary challenge was profitability. Despite the fact that they’d been able to generate significant revenue, the company was still incurring losses. Andrea knew she needed help identifying areas to cut costs and improve margins, as well as advice on how to allocate an employee retention tax credit payment she received as she was going through our program.

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