Eide Bailly’s Resourcefullness Award for Nonprofit Organizations

The Eide Bailly’s Resourcefullness Award is designed to bolster the financial health of the nonprofit sector and celebrate organizations across the U.S. for their innovative and sustainable revenue-generating initiatives. This award aligns with a broader mission to strengthen the nonprofit landscape by promoting financial resilience and showcasing successful strategies. The program seeks to support the sector's ability to maintain operations and achieve its goals through robust and creative funding methods. The primary beneficiaries of this award are 501(c)(3) organizations across all states and counties within the U.S. The impact goal is to recognize and reward nonprofits that demonstrate exceptional creativity and sustainability in their revenue generation efforts. By highlighting these successful models, Eide Bailly aims to inspire and educate other organizations about effective fundraising trends, ideas, and campaign strategies, ultimately fostering a more financially secure and innovative nonprofit community. The program's priorities and focuses are centered on evaluating initiatives based on several key criteria. These include Sustainability, assessing how reliable the initiative is in generating continuous revenue; Creativity, looking for unique, inventive, or clever approaches within the nonprofit industry; Impact, measuring the direct financial contribution of the initiative in terms of revenue generated or cost savings realized; Overall Impression, capturing the judges' general perception of the organization's initiative; and Implementation, evaluating how well the initiative was executed. The expected outcomes are to award a $50,000 grand prize annually to one outstanding 501(c)(3) organization. Measurable results include the selection of a remarkable organization based on the aforementioned evaluation criteria, and the broader goal of disseminating best practices to the nonprofit sector. The foundation's strategic priority, as implied by this award, is to contribute to the long-term viability and effectiveness of nonprofits by promoting innovative and sustainable financial practices, thereby fostering a stronger, more resilient sector. The theory of change suggests that by identifying and celebrating successful revenue generation, Eide Bailly can elevate these models, encourage their adoption, and ultimately improve the financial health and impact of nonprofits nationwide.