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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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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Achieving Audit Readiness for Nonprofits

Few things are as crucial as being audit ready. For organizations, audits can be stressful and time-consuming, but with the right preparation, it can be a smooth and headache-free process. At Mission Edge, our dedicated managed services accounting team understands the importance of audit readiness, and we ensure our clients are well-prepared to face any audit with confidence.

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

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

Spinning Up Success

Daniel “DJ Danny” Torres is a SoCal-based professional wedding and corporate event DJ. With the ultimate goal of opening his own venue space, Danny needed some assistance setting up for long-term success. He started working with Mission Edge seeking help to set revenue goals and optimize his pricing strategy.

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Preparing for SMB Success

Here at Mission Edge, we’ve seen countless small to medium sized business owners like you go from overwhelmed and anxious about their finances to in-control and knowledgeable. We believe that working with an experienced, unbiased professional is the best way to get unstuck from whatever is holding you back and finally work toward unlocking your business’s full potential.

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

How Switchfoot Bro-Am Restructured to Keep Growing

Through our fiscal sponsorship program, we provided the Bro-Am with full-service accounting and human resources services, as well as a proven nonprofit structure to operate within. The partnership allowed the band to focus on focus on planning their art, community impact, signature events and fundraising, leaving nonprofit management and logistics to the experts (us).

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