Community Business Grants now OPEN
As part of Community Business Bureau’s commitment to building a stronger not for profit sector, we are proud to offer you the opportunity to apply for one of our Community Business Grants.
CBB is a not for profit social enterprise. This means that we reinvest our annual profits into developing our organisation and supporting the not for profit sector through the provision of grants and other initiatives. For more information about how we support the sector, click here.
Working with over 550 not for profit organisations across Australia, we see various trends and needs within the sector. In each grant round we will offer targeted solutions to support these common sector themes.
In this current round, we are offering grants in the form of financial management consulting projects, as follows:
- Financial health check and analysis (2 grants available).
- Financial budget for 2020/21 (2 grants available).
- Finance for non-financial managers: an online program to build your understanding of not for profit business finance (8 grants available).
Future grant rounds and the consulting projects offered will vary. If the above grants are not of interest to your organisation, please register to be notified about future grant rounds as they are announced.
Applications for this grant round are now open.
To apply, please read through the detailed information below (simply click on the heading to expand the information). When you are ready, click the APPLY NOW button at the bottom of the page.
Applications close at 1pm (ACST) on Friday 14 February 2020. Consulting will commence in March, with all work to be completed by 30 June 2020.
- Grant 1: Financial health check and analysis
Financial health check and analysis (Two grants available)
This grant is for not for profit organisations (with an annual turnover between $500,000 and $5 million) who do not have any internal, strategic financial management resources. For example, you might have someone who does your organisation’s bookkeeping and financial administration, but you don’t have a Chief Finance Officer.
- To improve your detailed understanding of the financial health of the organisation.
- To identify actionable opportunities to improve financial health and management.
- The project will begin with a discussion about your organisation, its current financial position and any concerns.
- Our consultant will conduct an analysis of your accounts including revenue trends, revenue concentration, revenue certainty, cash reserves, profit trend, liquidity, and cash flow gap.
- Our consultant will prepare a report of the findings and share it with the organisation’s CEO via a video conference. This will be followed by an in-person presentation of all findings (at your premises) for your leadership team and/or board.
- Following the presentation to your team, CBB will provide a final written report.
- Grant 2: Financial budget for 2020/21
Financial budget for 2020/21 (Two grants available)
This grant is for not for profit organisations with an annual turnover between $500,000 and $5 million. This product is designed for organisations that are looking for better planning and management of their existing budget. It is aimed at organisations that have relatively stable income and expenditure.
Please note: It will not be possible to develop budgets for major change projects (either growth or loss of funding) within the scope of this grant.
To provide a meaningful profit and loss budget to help your organisation:
- Understand how different activities contribute to your bottom line.
- Identify any key financial risks.
- Plan for long term organisational stability.
- The project will begin with a discussion about your organisation to better understand your current position, challenges and opportunities.
- Our consultant will review expected and one-off revenue/expenses and prepare a profit and loss budget for FY 20/21.
- Our consultant will share the results with the organisation’s CEO via a video conference. This will be followed by an in-person presentation of all findings (at your premises) for your leadership team and/or board.
- Following the presentation, CBB will provide a final written report.
- Grant 3: Finance for non-financial managers (online program)
Finance for non-financial managers – online program (Eight grants available)
This grant is for a senior manager, member of the leadership team or a board member in not for profit organisations with an annual turnover between $500,000 and $5 million who do not have senior level finance staff.
To build board/management confidence and capability in interpreting their organisation’s financial reports; understanding the implications for the business and knowing what questions to ask.
All grant recipients will attend the series of eight weekly webinars (commencing second half of April) to build their understanding of profit and loss statements, balance sheets and cash flow reports, and to help identify the key financial questions for your business. Each webinar will be approximately one hour.
Participants will also be given a 30 minute one-to-one discussion with a CBB Business Consultant for any questions arising from the online program.
- Who is eligible to apply?
CBB welcomes applications from not for profit organisations across Australia. You do not need to be an existing CBB client to apply.
- Organisational criteria
- Organisations must be registered as a charity with the ACNC or as an Indigenous Corporation with ORIC.
- Organisations must have been operating for at least 12 months.
- The majority of the organisation’s services must be delivered in Australia.
- Organisations who have purchased similar consulting services from CBB within the last six months from their own funds are not eligible to apply. However, clients who have received CBB consulting services under a government funded program, or paid for CBB consulting services under a government grant for consulting, are still eligible to apply.
- Organisations who have a current proposal from CBB to provide consulting services are ineligible to apply for a grant in the same area covered by the proposal.
- Organisations who have previously applied for or received a CBB grant are eligible to apply.
- Financial criteria
CBB Community Business Grants are available to organisations with an annual income of between $500,000 and $5 million.
- Other criteria
- Successful applicants must be happy to acknowledge CBB as a sponsor of the initiative and provide information to CBB as to how the grant has assisted your organisation or the community you serve.
- Successful applicants must be prepared to participate in CBB’s marketing and community engagement in relation to the grant. You may be requested to provide a case study and to participate in activities such as podcasts, webinars, annual reports, videos or other marketing collateral.
- Applications must be approved by the applicant organisation’s Chief Executive or Board Chair.
- Other important information
- Each grant is provided in the form of pro bono consulting services. For the Financial health check and analysis and Financial budget for 2020/21 grants, the grant includes provision for a consultant to travel to your organisation for one face to face meeting. If you would like our consultant to be at your organisation for a longer period, or for additional site visits, then you will need to fund the additional travel and accommodation costs.
- The Finance for non-financial managers online program will be delivered online via Crowdcast. If you are using a desktop, laptop or Android device you will need the latest versions of Chrome or Firefox.
- If you wish to extend the scope of the project beyond that which has been provided by CBB, then you will need to contribute additional funds towards the project.
- All consulting projects must be completed by 30 June 2020.
- Successful applicants will not receive a cash grant, nor will they be reimbursed for the value of any unused consulting services.
- You can apply for multiple Community Business Grants, but we will only award one grant per organisation.
Due to the large number of applications received for CBB Community Business Grants, unfortunately we cannot take telephone enquiries.
Enquiries are to be made by email only to email@example.com. Every effort will be made to answer all email enquiries within two working days. Please allow for this response time when making your enquiry.
Before making an enquiry, please ensure you have read these guidelines carefully. Applications are welcome from organisations that meet the criteria outlined above.
- Application guidelines
Your application must be submitted via the online application form on the CBB website. You will be required to provide CBB with the following supporting documentation:
- Your latest annual financial statements
- Details of your ACNC or ORIC registration
You can attach your supporting documentation when you complete the application.
- Selection process
- Online application forms must be completed by the closing date (1pm ACST on Friday 14 February 2020). CBB will then review all applications for best fit with our selection criteria. We will endeavour to award grants across a range of different organisation types and geographies.
- Successful applicants will be notified by CBB within four weeks of the closing date.
- Unsuccessful applicants will be advised of the outcome of their application within six weeks of the closing date. Unfortunately, due to the volume of applications received, we will be unable to provide specific feedback on the reasons why your application was unsuccessful.
- Successful applicant/s are asked to publicly acknowledge receipt of the grant through such means as social media, organisational newsletter or website announcement, or otherwise as specified in the guidelines.
- CBB’s decision is final.
If you need immediate support with any aspect of your business, you can book a free consult with any of the CBB consultants here.