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JOIN US IN MAKING AN IMPACT

As an all-women collective giving organization, Impact100 Traverse City has awarded 13 transformational grants of $100,000+ each to nonprofits serving Northern Michigan.

As an all-volunteer collectivegiving organization, Impact100 Traverse City has awarded 13 transformational grants of $100,000+ eachtononprofits ser ving Nor thern Michigan.

As an all-women collective giving organization, Impact100 Traverse City has awarded 13 transformational grants of $100,000+ each to nonprofits serving Northern Michigan.

As an all-women collective giving organization, Impact100 Traverse City has awarded 16 transformational grants of $100,000+ each to nonprofits serving Northern Michigan.

As an all-women collective giving organization, Impact100 Traverse City has awarded 13 transformational grants of $100,000+ each to nonprofits serving Northern Michigan.

We’re making a big impact and invite you to join us by making your contribution today! 501(c)(3)

As an all-volunteer collectivegiving organization, Impact100 Traverse City has awarded 13 transformational grants of $100,000+ eachtononprofits ser ving Nor thern Michigan.

As an all-volunteer collectivegiving organization, Impact100 Traverse City has awarded 13 transformational grants of $100,000+ eachtononprofits ser ving Nor thern Michigan. We’remaking abig impact and inviteyou to join us for2022 membership today! 501(c)(3)

We’re making a big impact and invite you to join us by making your contribution today! 501(c)(3)

We’remaking abig impact and inviteyou to join us for2022 membership today! 501(c)(3)

Help provide four grants this year. Join us today!

Donations are 100% tax deductible.

Learnmoreatwww.impacttc.org

We’remaking abig impact and inviteyou to join us for2022 membership today! 501(c)(3)

We’re making a big impact and invite you to join us by making your contribution today! 501(c)(3)

Learn more at www.impacttc.org, (231) 499-5672

Learnmoreatwww.impacttc.org

Learnmoreatwww.impacttc.org

MEMBERSHIP DEADLINE: APRIL 1

On any given day, I may be seen wearing a number of different hats: venture firm CFO, angel investment group executive director, small business owner, or nonprofit board member.

In each role, the function of understanding the financial position of an organization is very much the same. No matter what a nonprofit or business mission said, the real story on how well a strategy is performing is revealed by its financial statement.

Indeed, it can be hard for an organization to balance its mission against its need for margins and what the market is ultimately saying it wants.

Layered on top of today’s economic uncertainty and continued inflation, the business landscape is rapidly evolving. With increasing awareness around social and environmental issues, consumers and employees are demanding that for-profit companies demonstrate a greater impact beyond the bottom line.

This has led to the emergence of new acronyms and programs such as DEI (diversity, equity, and inclusion) and ESG (environmental, social, and governance), as well as the rise of PBLLCs (public benefit limited liability companies) and B Corp certifications.

With for-profit companies needing to demonstrate more social awareness, so too must nonprofits demonstrate greater financial acumen. One of my favorite sayings is that nonprofit is a tax status, not a business model.

Indeed, nonprofits are not exempt from the need to generate and diversify revenue and control costs to maintain

EDITORIAL & BUSINESS OFFICE

P.O. Box 4020 Traverse City, MI 49685 231-947-8787

ON THE WEB tcbusinessnews.com

PUBLISHER

Luke W. Haase lhaase@tcbusinessnews.com

CONTRIBUTING EDITOR

Gayle Neu gneu@tcbusinessnews.com

HEAD WRITER

Craig Manning

CREATIVE DIRECTOR

Kyra Cross Poehlman

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