OKR template to increase financial sustainability of our non-profit organisation
The OKR titled 'Increase financial sustainability of our non-profit organisation' focuses primarily on enhancing economic viability. It targets attaining funds enough for two years by applying for a minimum of ten grants, marking the completion of this objective at 100%.
In addition, the OKR outlines fundraising goals through corporate sponsorship and public donations. It has set a financial target of raising $50,000 through these campaigns, tracking it to completion as another 100% of this shared mission.
Part of the financial sustainability strategy also targets a decrease in operational expenses. Through cost-effective resource utilisation, the OKR aims to cut down the operational costs by 10%, posing another significant phase in achieving the organisation's overarching objective.
Every outcome has corresponding initiatives designed to facilitate its achievement. For instance, in the first outcome, initiatives include finalizing applications and researching suitable grants. The second incorporates a donation campaign and the creation of compelling sponsorship deals, while the third seeks to renegotiate supplier contracts and implement energy-saving practices.
In addition, the OKR outlines fundraising goals through corporate sponsorship and public donations. It has set a financial target of raising $50,000 through these campaigns, tracking it to completion as another 100% of this shared mission.
Part of the financial sustainability strategy also targets a decrease in operational expenses. Through cost-effective resource utilisation, the OKR aims to cut down the operational costs by 10%, posing another significant phase in achieving the organisation's overarching objective.
Every outcome has corresponding initiatives designed to facilitate its achievement. For instance, in the first outcome, initiatives include finalizing applications and researching suitable grants. The second incorporates a donation campaign and the creation of compelling sponsorship deals, while the third seeks to renegotiate supplier contracts and implement energy-saving practices.
Increase financial sustainability of our non-profit organisation
Secure funds for 2 years of operation by applying to at least 10 grants
Prepare and finalize grant applications- Research potential grants suitable for business operations
- Submit applications to a minimum of 10 grant bodies
- Raise $50,000 in fundraising campaigns by targeting corporate sponsorship and public donations
- Launch campaign to solicit public donations
- Develop compelling sponsorship packages to attract sponsors
- Identify potential corporate sponsors for targeted outreach
- Decrease operational expenses by 10% through cost-effective resource utilization
- Renegotiate supplier contracts for favorable terms
- Implement energy-saving practices across operations
- Identify underutilized resources and reassign for maximum efficiency