The Economic Impact of Florida Nonprofits by Florida Nonprofit - PowerPoint PPT Presentation

WEBI EBINAR The Economic Impact of Florida Nonprofits by Florida Nonprofit Alliance Thursday, August 10 2 p.m. ET Presented by

Welcome OUR VISION Florida Philanthropic Network builds philanthropy to build a better Florida. OUR MISSION The mission of the Florida Philanthropic Network is to promote, develop and advance philanthropy in Florida. OUR VALUES Leadership • Inclusion • Collaboration • Learning • Integrity •

Questions & Conversation Submit your questions in the Chat Box Join the conversation on Twitter: @flphilanthropy #LearnFPN @PEAKgrantmaking @FLnonprofits

Who is PEAK Grantmaking? ► Member-led national association of 3,400 professionals who specialize in grants management for funding organizations ► This is where Practice Meets Purpose

PEAK Grantmaking offers… ► Effective practices, data intelligence, and grantmaking technology resources ► Peer-to-peer discussions and idea sharing ► Knowledge Base with 100s of articles, reports, sample documents, and webinar recordings ► Latest job postings in the field ► Extensive PEAK Grantmaking membership directory, connecting you with your peers

Florida Regional Chapter ► Webinars, socials, message board & more! Chair: Vice Chair: Jaime Dixon Mary Giraulo Foundation for a Healthy United Arts of Central Florida St. Petersburg Mary@UnitedArts.cc Jaime@HealthyStPete.foundation 407.790.7844 727.440.7952 Programs Chair: Membership Chair: Ashley Heath Phyllis Corkum United Way Suncoast Edyth Bush Charitable Foundation AHeath@UWSuncoast.org PCorkum@EdythBush.org 813.274.0910 407.647.4322 x 17

Florida Regional Chapter Upcoming Events ► Thurs Oct 5, 2-3:30 pm Webinar: Choosing a New Online Grant Management System ► Wed Nov 15, 6-7pm Social at the Southeastern Council on Foundations meeting (FREE) ► Wed Dec 6, 2-3:30pm Webinar: Fluxx Database Show- and-Tell (FREE) ► Wed Jan 24, time TBA Social prior to Florida Philanthropic Network Summit (FREE) ► Thurs Feb 1, 2-3:30 pm Webinar: Collective Impact ► Mon-Wed, March 19-21 PEAK Grantmaking Conference in Orlando (+chapter social/meeting) We hope to see you there!

Grants Managers Affinity Group Ashley Heath Matt Spence GMAG Co-chair GMAG Co-chair Vice President, Community Impact Sr. Manager of Investment Strategies Community Foundation of Tampa Bay United Way Suncoast

ECONOMIC IMPACT OF FLORIDA NONPROFITS

History  With more than 83,000 nonprofit organizations, there is a demonstrated need for increased connectivity and a collective voice for the sector  Florida Nonprofit Alliance launched in 2012

Why a statewide organization?  FNA provides a collective voice for nonprofits at the local, state, and federal levels to inform, promote, and strengthen the influence of the nonprofit sector  FNA is a central resource for all nonprofits to gather, analyze, and share important sector data, fostering statewide nonprofit communication and collaboration.  FNA represents the needs of the nonprofit sector in Tallahassee and Washington D.C.

Florida’s Nonprofit Sector Organizations comprising the nonprofit sector provide a level of stability in many communities. Maintaining the critical infrastructure the nonprofit sector provides to our economy is crucial to Florida’s health and economic vitality .

FNA Florida Overview  17 th Largest Economy in the world

Five states within Florida 1. North Florida 1-10 Corridor: same number of votes as Iowa 2. Orlando: size of Oregon, 20% Hispanic voters 3. Tampa/SW Florida: same number of votes as Missouri 4. SE Florida: same number of votes as Oregon 5. Miami: same number of votes as Nevada. 85% people of color

FNA Advocacy  Economic Impact Report for State of Florida’s Nonprofit sector ◦ First of its kind ◦ Data has not been updated in over ten years ◦ Free ◦ Will be updated every two years or so

Components of Report  Statewide infographic accompanied by a two-page summary of key nonprofit sector statistics  Infographic created for Florida includes information on the number of nonprofits, assets, revenues, employment, and wages.  District summary reports can bring to light the importance of the sector to Florida Senators.  Ability to filter by foundations, noncharitable nonprofits and 501c3s

What is a Nonprofit?

How does the sector rank? Florida’s nonprofit organizations:  Falls about 7 th  The nonprofit sector is at 6.3%  The construction industry employed 565,396, making up 6.6 percent of employment  Other industries that are comparable include:  Manufacturing with 5.2 percent of employment  Finance, insurance, and real estate with 7.7 percent employment.

How does the sector rank? Florida ranks:  40 th lowest in the nation for nonprofit assets per capita  44 th lowest in the nation for most charitable states  50 th lowest in the nation for volunteerism

Key Data Points Florida’s nonprofit organizations:  Number at 83,449  Directly employed more than 530,000 people in 2016, or 6 percent of Florida’s employed workforce  Provide an annual payroll of $26.6 billion  Hold assets of $205.7 billion  Receive nearly $90 billion in annual revenue

Growth over 2007-2017  The number of nonprofits has grown 80% from 46,587 to 83,449  Their workforce has grown 40% from 380,000 to 530,000 employees

State Rankings County Number of Nonprofits Miami Dade 1 Broward 2 Palm Beach 3 Orange 4 Hillsborough 5 Duval 6 Pinellas 7 Lee 8 Brevard 9 Polk 10

State Rankings County Nonprofit Assets Hillsborough 1 Miami Dade 2 Duval 3 Palm Beach 4 Seminole 5 Orange 6 Pinellas 7 Broward 8 Alachua 9 Brevard 10

Florida Nonprofit Organizations Revenue and Assets in 2015 Type 2015 Revenue 2015 Assets Non-charitable $11,736,228,374 $50,862,792,451 nonprofits Public charities 75,410,508,023 129,484,945,916 Private foundations $2,789,510,702 25,445,050,146 Total $89,936,247,099 $205,792,788,513

Employment Breakdown for all nonprofits  The Southeast Region, Tampa Bay Region, and East Central Region have the greatest number of paid nonprofit employees  They also pay the most in total wages, mirroring the number, revenue, and assets of those regions.  However, the North Central Region has the highest average hourly wage, followed by the Southeast and the Southwest Regions, respectively.

Employment Breakdown Florida Economic Average Annual Wages Average Hourly Regions Employment Wage Southeast 175,609 $9,322,813,284 $25.52 Tampa Bay 105,897 $4,793,118,940 $21.76 East Central 98,327 $4,646,790,204 $22.72 North East 47,409 $2,250,525,876 $22.82 State 534,116 $26,638,770,876 $23.98

Data Dashboard

Nonprofits by Social Function

Florida Nonprofits

Social Function Defined

Private foundations  Among Florida’s largest private foundations are: 1. Maxcess Foundation 2. John S. and James L. Knight Foundation 3. Ted Arison Family Foundation 4. Batchelor Foundation

Data Sources  Internal Revenue Service Business Master Files for Exempt Organizations for 2015  The National Center for Charitable Statistics Core Files for 2013 (or most recently available), which report the assets of tax-exempt organizations who are required to file a Federal 990, 990-EZ, or 990-PF.  Individual annual reports for the 15 largest private foundations in Florida to ensure data accuracy.  The U.S. Census Bureau and the U.S. Bureau of Labor Statistics.  The Florida Department of Economic Opportunity — official source for state employment figures.

What’s Next?  The data is live  State Senate District Summaries have been mailed out  Report results have been sent to all Florida elected officials  Report release tour underway  Partnerships with Florida Chamber Foundation, Philanthropy and Business Partners

Opportunities 66 New Members of the Legislature  46 in the house  20 in the senate  Opportunity to build relationships while informing and educating

Opportunities Independent Sector Research (2016)  78 percent support a bigger role for the charitable sector in working with the federal government to produce more effective and efficient solutions to problems  About 88 percent of voters believe we should make it easier for people to deduct charitable contributions from their taxes  74 percent trust charities with their checkbooks over the federal government

Charitable Deductions  Use economic impact data to highlight your impact in your funding community  How do your grant dollars help the communities your grantees serve?  Share your story through your funding  Urge your representative to preserve the Charitable Deduction

Economic Impact & Storytelling  Nonprofits need to influence behavior change across many different stakeholders  Empower board members to become cheerleaders for the sector  Meet with elected officials to share your work over the summer  Illustrating funding gaps