Nonprofit Business

2010-2011 Committee Chairs

Jorge Lazaro Diaz, Chair
Terremark 
Patrick Morris, Vice Chair
YMCA of Greater Miami

Nonprofit Business Goals

Continue to recognize nonprofit management excellence by presenting the 10th annual NOVO Awards including an award honoring partnerships between nonprofits and for-profits; and the Julia Tuttle Award for Community Involvement and Corporate Citizenship during the 24th annual National Philanthropy Day Awards.

Promote strategic partnerships and collaboration between nonprofit business and for profit business:  

  • Improve nonprofit business practices by hosting capacity building seminars 

  • Work collaboratively with other Chamber committees

Increase nonprofit business Chamber membership in the Chamber by showcasing value added benefits offered to South Florida's nonprofit community:

  • Engage nonprofit businesses into the Greater Miami Chamber of Commerce

  • Communicate the value through testimonials

Collaborate with nonprofit membership organizations and/or funders for better connectivity and potential programs

 

Committee History and Description

Miami-Dade County’s 7,354 nonprofit businesses represent the third largest employment sector with 76,741 jobs in 2006, exceeded only by retail and hospitality services. With annual gross receipts exceeding $12.5 billion, nonprofit businesses are a major economic force in the region.

The Nonprofit Business Committee engages the nonprofit sector within the Chamber. Linking nonprofit businesses with the broader business community, the committee assists nonprofit businesses with issues management, recognizes nonprofit business management excellence through its NOVO Awards program, develops strategic partnerships with the business community for their mutual benefit, and communicates nonprofit business accomplishments to the broader business community.


Information You Can Use

The nonprofit business sector adds more than $12.5 billion annually to the economy, according to a survey by Dade Community Foundation and The Beacon Council. Consider these facts:

  • Nonprofit businesses account for 76,741 jobs, making it the third largest employment sector in the county.
  • In May 2006, Miami-Dade had 7,354 registered nonprofit businesses, a 30% increase over 1999.
  • 9% of all corporations in the county are classified as nonprofits.
  • With 11% of the state’s nonprofit businesses, Miami Dade has more than any other county.
  • Miami-Dade’s nonprofit businesses have total assets of more than $14.3 billion, a 74% increase over 1999.
  • Hospitals are the largest group in the sector with nearly $3 billion in assets.
  • Higher education is second with more than $2.4 billion in assets.
  • The greatest growth since 1999 occurred in the area of Human Services which more than doubled in size to 1,764 organizations.
  • The number of jobs in the nonprofit business sector increased by 15,258 from 2001-2006.

Dade Community Foundation and The Beacon Council released Sector of Impact II in late 2006, as a follow up to an earlier study in 2002. The nonprofit business sector continues to represent a significant, dynamic, and growing part of the local economy in terms of its size, revenue generation, and employment. For the full report, visit the Dade Community Foundation website.


Helpful Links

Center on Nonprofit Effectiveness (C-ONE)
The 2008 Novo Awards application form.


Additional Information

Contact: Jennifer Sanchez, 305-577-5451 | jsanchez@miamichamber.com