The NonProfit Times - June 1, 2008 - (Page 26)

BUSINESS BRIEFS Nonprofit Insurer Issues Dividend To Policyholders For the second consecutive year, the Board of Directors of the Nonprofits’ Insurance Alliance of California (NIAC) has declared a dividend to be paid to its nonprofit insureds in California. During 2008 and 2009, some 3,200 nonprofits insured with NIAC will share a dividend totaling $4.2 million. The dividend reflects better than anticipated claims experience in the policy years 2001 through 2003. This is in addition to the $3.7 million dividend paid to 2,700 nonprofit insureds in 2007, according to Pamela Davis, the founder, president & CEO of NIAC. Based on individual member premiums paid during the dividend period, this plan rewards members for length of continuous coverage with NIAC, as well as favorable claims experience.The largest check issued will be $72,013.The dividend will be paid to member nonprofits that qualify upon renewal of their 2008-2009 policies, according to Davis. Established in 1989, the Nonprofits’ Insurance Alliance of California (NIAC) is a 501(c)(3) charitable risk pool. NIAC is one of four companies that make up the Nonprofits Insurance Alliance Group.The Nonprofits Insurance Alliance Group includes four distinct 501(c)(3) nonprofit organizations that insure more than 8,000 nonprofits in 24 states plus DC. For more information, visit www.insurancefornonprofits.org Technology Fund money to emerging technology companies and helped more than 200 client companies raise more than $500 million in capital and create 3,000 new jobs.The center strives to make the greater Houston region one of the top technology innovation hubs in the country by 2012. “The use and development of technology crosses all sectors -- business and nonprofits -- to enhance product development, productivity and communication and solve critical issues,” said Toyota.“Receiving the GPS system is another example of how technology has transformed our lives.” Sage Fundraising 100 Is Upgraded Sage Software released the latest version of Sage Fundraising 100, its donor relationship management solution for medium to large nonprofits. Sage Fundraising 100, version 7.0, includes a full suite of integrated modules for management of sophisticated development programs, and features new capabilities, including managing endowments, volunteers, and grants, according to the firm. This latest version of Sage Fundraising 100 was enhanced with a focus on simplifying how customers can use the software with their office systems, such as Microsoft® Excel and Microsoft Outlook. For more information about Sage Fundraising 100 solution and other Sage Software Nonprofit Solutions, visit www.sagenonprofit.com MPower Launches Web Integration Platform MPower, a vendor of software for nonprofit constituent relationship management (CRM) and fundraising, has released a Web integration platform. It enables users of the company’s full feature donor database to integrate in real time with Web content management systems (CMS) of their choice. Many nonprofits use proprietary CMS solutions that do not automatically integrate with donor databases, according to Leo D’Angelo, CTO, of Dallas-based MPower. Those nonprofits have to custom develop an application programming interface (API) to connect the two systems. In addition to integrating with commonly used proprietary CMS solutions, MPower integrates with open source CMS solutions used by nonprofits including Joomla, Plone, Drupal and DotNetNuke, he said. For information, go to www.mpowewr.com Kintera Narrows Losses, Cuts 14% Of Workforce Continuing an effort to try to reduce costs, Kintera will have cut half its staff in two years by the time the latest round of layoffs take effect. And, the firm continues to lose money, although less than last year. During its conference call on first-quarter results, the San Diego-based software provider to nonprofits announced a reduction of 14 percent of its current staff of 276. The move is expected to save $1 million per quarter by the third quarter, which Chief Financial Officer Dick Davidson said would bring the company to profitability by the second half of this year. Company officials also said during last year’s first quarter call that they expected profitability by year’s end. Kintera opened at 57 cents a share after Wednesday’s call, up one cent from the previous day’s close.The company raised $40 million in its July 2003 initial public offering before beginning trading that December. By April 2004, it had reached an all-time high of $17.73 per share. On March 20, it hit a 52-week low of 20 cents per share. At one time, Kintera had as many as 550 employees and as recently as two years ago, there were 473 employees. Layoffs last spring pared the staff from 361 to a year-end total of 281. At the end of March, there were 276 employees and a 14-percent cut would drop the company to less than 240. The latest round of layoffs was expected mostly to be in finance, followed by marketing and product management, according to company insiders. Last spring also brought calls for change in management from some investors, and shortly thereafter founder and CEO Harry Gruber stepped down, replaced by current CEO Richard LaBarbera. Total net revenue for the first quarter was $8.9 million compared to $10.7 million for the first quarter of 2007.The elimination of five businesses last year was expected to impact annual revenue by $1 million, said Davidson. Transaction revenue also declined with the loss of two large customers, which contributed to a 14-percent drop in online donations processed, from $66.9 million to $57.8 million. One of those large customers,American Cancer Society’s Relay For Life, was lost to Austin,Texas-based competitor Convio. The net loss in the first quarter was $4.3 million, an improvement of almost 50 percent more than last year’s first-quarter loss of $8.3 million.Total operating expenses were $9.2 million, a decrease of 37 percent compared to last year’s first quarter expenses of $15 million. Early last month Kintera received notice about potential de-listing from NASDAQ for failing to keep up a minimum $1 stock price for 30 consecutive business days.The minimum bid price of the stock must close at $1 per share or more for a minimum of 10 consecutive business days by Sept. 29 to be in compliance with NASDAQ. We Have A Winner Linda Toyota, senior vice president of development at Houston Technology Center (HTC), won a Magellan Roadmate Navigation System by stopping by The NonProfit Times booth at the Association of Fundraising Professionals International Conference on Fundraising in San Diego, Calif. “This tool will certainly maximize my time and efforts to continue helping make a difference in the Houston community,” said Toyota. The GPS drawing received more than 300 entries during the four-day conference. HTC is the largest nonprofit technology business incubator in Texas and works to accelerate the growth of technology companies in energy, information technology, life sciences, nanotechnology and aerospace. HTC flows millions of dollars of state Emerging Gumb Joins MINDset Mindy Gumb, who spent 14 years with the National Multiple Sclerosis Society, most recently as vice president of database marketing, joined Arlington, Va.-based fundraising consultancy MINDset direct. With more than 25 years experience in the nonprofit world in a variety of fundraising and marketing roles, Gumb has consulted to MINDset direct since 2006. While at NMSS she helped to raise nearly $250 million in direct marketing revenue while leading the database marketing strategic direction. She also held key development roles at the Denver Museum of Nature & Science, the Children’s Hospital Foundation and National Jewish Center. JUNE 1, 2008 THE NONPROFIT TIMES www.nptimes.com http://www.insurancefornonprofits.org http://www.sagenonprofit.com http://www.mpowewr.com http://www.straightforwardsoftwareinc.com http://www.straightforwardsoftwareinc.com http://www.nptimes.com

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The NonProfit Times - June 1, 2008 First Kroc Center Set To Open It’s Layoffs And A Lawsuit At ARC In The Twin Cities Hospices Put On Life Support Contents Who...When...Where...How...What? Idol Charities Still Waiting For Funds Heck Of A Job Play On Words Make Endowments Pay Donor Management Software Who’s Next? Joining The Masses Online Email Evangelism Three Corners Business Briefs Fiduciaries And The 990 Calendar United Way Refocusing On Programs, Reducing Affiliates NPT Jobs Resource Directory

The NonProfit Times - June 1, 2008

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