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Not for Profit update

by Michelle Young

NFP news

Financial skills are vital in the NFP sector

  • Organisations are becoming more varied; resources are stretched further and there is a greater call for accountability. Therefore, organisations need to become more financially aware.
  • The four key areas of financial management at the core of financially sustainable organisations are to have a plan, understand and monitor the financial position, manage cash flow and use resources efficiently.
  • By having an operations manual in place early, an organisation puts itself in the strongest position to efficiently and effectively achieve its goals.

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Complete restructure for HeartKids

  • HeartKids will be undergoing a complete restructure with a new merger and new leadership.
  • Six individual state-based HeartKids organisations have merged as of Monday, coinciding with the restructure, a new CEO and Chair have also come on board.
  • The restructure is said to allow HeartKids to grow and expand its current level of support and services nationally.

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New CEO for Family Planning Victoria

  • Family Planning Victoria has announced the appointment of Claire Vissenga as its new CEO.
  • Having held CEO roles at both e.motion21 and Aspire, she brings experience in mental health, disability health and wellbeing along with a strong background in influencing health policy and advocating for change.
  • “I am very much looking forward to leading Family Planning Victoria into the future where we will build on the many achievements to date and confirm the organisation’s place as the leading provider of sexual and reproductive health services.” Said Vissenga.

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The School for Social Entrepreneurs Australia to Close its Doors

  • After seven years of supporting early-stage social enterprise development, the School for Social Entrepreneurs Australia (SSE) has announced it will end its operations.
  • The organisation’s model was brought to Australia from the UK in 2009 by the late Steve Lawrence AO, via a franchise agreement, with the support of Social Ventures Australia.
  • SSE CEO Michele Goldman told Pro Bono Australia News the decision to close had “not been an easy one”, but would not provide further details about the reasons for concluding its operations.

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STREAT CEO Wins Entrepreneur Award

  • Rebecca Scott, CEO and co-founder of Melbourne-based social enterprise STREAT, which aims all to stop youth homelessness and disadvantage, has won the 2016 EY Entrepreneurs of the Year award in the social category.
  • Scott said the key to sustainability and scalability is “a really, really long-term vision”.
  • Earlier this year, STREAT announced it would triple its social impact with a new flagship location in Collingwood, Victoria. The new site is expected to see STREAT grow from a $3.5 million to a $10 million organisation, it will also go from helping 120 young people per year to 365.

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Google Awards $5M to Australian Charities

  • Ten Australian not for profits with innovative ideas to solve some of the world’s biggest challenges, from a reef-protecting robot to an SMS support service, were awarded a share of more than $5 million dollars in the Google Impact Challenge.
  • On Wednesday the 10 finalists pitched their tech ideas at Google in Sydney for a chance to each win a $750,000 grant, awarded by a judging panel that included David Gonski and Lucy Turnbull.
  • The winners were the George Institute for Global Health for an SMS-based support service to help people with chronic diseases lead healthier lives, the Centre for Eye Research Australia for an eyesight self-assessment system for Australians in remote areas, and Hello Sunday Morning for a personalised support app to help people with alcohol problems.

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For more insights into the Not for Profit sector, get in touch with Michelle Young on

03 8613 3527