The quest for sustainability and new sources of revenue has led many nonprofits to consider social enterprise, generally defined as mission-related businesses that have promise for producing income directly benefiting the nonprofit’s clients or enhancing its ability to fulfill its mission.
The social enterprise business model challenges nonprofits to think in a more precise business frame of mind—but one that includes commitment to the nonprofit’s mission and purpose.
Via has operated as a social enterprise business model for more than 20 years. Via’s three large earned-income contracts—the HOP, Access-a-Ride and Call-n-Ride are revenue-generating transportation programs that provide significant financial support to Via’s core, mission services.
In 2014, Via’s earned income contracts generated more than $1 million in net revenue which offset the operating losses of the paratransit, travel training and mobility options information and referral programs.
As a nonprofit organization, Via ensures that all profits from the earned-income contracts are reinvested to enhance our mission services, to nurture the well-being of our organization, to reinforce our commitment to the communities we serve and to make our organization’s vision a reality.