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 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 a 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 FlexRide (formerly 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.