Managing Not-For-Profit Organisations For Financial Sustainability: A Case Study of Koinonia Community’s Social Projects, Nairobi County, Kenya
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Date
2015
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Tangaza University College
Abstract
Financial sustainability for Not-for-Profit organizations has long been of interest to not-for-profit organization leaders, current and potential donors, and the communities that not-for-profits serve. However, not-for-profits face a myriad of challenges in establishing and maintaining financial sustainability. In an effort to improve the sustainability and performance of Koinonia Community, the researcher conducted an explanatory qualitative study to establish a strategic plan of action. Through snowball sampling, a sample of 20 (16.67%) respondents out of 120 target population was interviewed. The respondents provided quality information regarding operations, management, financial constraints and possible mechanism that can enhance sustainability. The major findings depicted Koinonia Community as donor dependent organization which has potential to generate revenues through social value initiatives. Its organizational structure was described as consistent and rigid. Thus, to champion change for effective management for financial sustainability, so strategic mechanisms were proposed. These include a “culture of giving”; promotion of community to leadership; change of internal organization environment; and incorporation of innovative fundraising techniques. The researcher backed these social transformative approaches with religious motivation to increase the synergy in the new emerging organization. This would transform the agents (managers) into stewards who foster Koinonia Community’s agenda to advocate for social economic empowerment of the marginalized communities.
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Keywords
Profit Organisations, Managing, Financial Sustainability