In its tenth year, we are excited to offer this award nationwide with our winner receiving $50,000! Check back for more information or enter your email to receive alerts and reminders as we near the application period.
2022 Application Period Opens July 14, 2022
Our nonprofit industry advisory group is thrilled to offer this opportunity for nonprofit organizations who develop outstanding initiatives to support their communities. Our Resourcefullness Award program was established in 2013 and each year we receive an abundance of wonderful applications. It’s hard choosing a winner!
Ultimately, we are passionate about helping our clients (and non-clients) thrive and succeed. This award program allows us to showcase nonprofit organizations that stand out and in turn, we are able to offer education around revenue generating trends, ideas and campaign strategies.
Eide Bailly’s Resourcefullness Award is our way to support the financial health of the nonprofit sector while recognizing and celebrating nonprofits across the nation for their creative and sustainable revenue-generating initiatives. Through a short application process, three judges from outside of the firm will select one 501(c)(3) organization as the Award winner, receiving a $50,000 prize.
Our Resourcefullness Award judges will reference the following criteria when evaluating application submissions:
Sustainability
Sustainability
How reliable is the initiative in generating continuous revenue for the organization itself?
*Note that this does not refer to sustainability as it relates to the environment.
Creativity
Creativity
How unique, inventive or clever is this initiative in the nonprofit industry?
Impact
Impact
How great was the direct financial impact of the initiative to the nonprofit organization, in terms of revenue generated or cost savings realized?
*Note that this does not refer to specific benefits of an organization's program(s).
Overall Impression
Overall Impression
What is your overall impression of this organization's initiative?
Implementation
Implementation
How well was this initiative executed?
Q: Why should I nominate my revenue-generating efforts for the Eide Bailly Resourcefullness Award?
A: First and foremost, all submitting organizations will have the chance to win $50,000. Beyond that, we will be reading each submission with an eye for new ideas, trends and effective implementation. Our hope is to share general findings with all submitters and others, following the announcement of awards.
Q: Are there restrictions on who may apply for the award?
A: Yes. Only 501(c)(3) organizations headquartered in the U.S. may submit.
Q: What are the criteria for evaluating submissions?
A: Each submission will be evaluated on the following five categories: Creativity, Implementation, Impact, Sustainability and Overall Impression. More information about the criteria can be found on the award website page.
Q: Are there requirements regarding the age of the program being submitted?
A: The initiative submitted should have occurred or been implemented at the time of your submission. With judges being asked to score applicants based on impact and sustainability it is easier to highlight when you have financials to reflect upon.
Q: How do I provide a submission?
A: Visit www.eidebailly.com/resourcefullness and click on the APPLICATION button which will be made available July 14, 2022 - August 12, 2022.
Q: Will my submission be kept private?
A: You can expect basic information, such as your organization’s name to be identified on the Eide Bailly website. Should you want additional information provided within your application to remain private, you will be responsible for noting those sections within the confidentiality portion of the application.
Q: Beyond judging for the Award will the information within my application be utilized in other ways?
Because an important purpose of the awards is to encourage discussion and spark ideas related to creative and sustainable revenue generation ideas, submissions will be combed and used as examples in articles and throughout Eide Bailly seminars and webinars, when applicable. Ideas will always be credited to the original organization.
Q: Who will be judging the submissions?
A: We are thrilled to have prestigious community leaders lined up as our award judges. Eide Bailly staff will provide an initial review of all submissions and evaluate them utilizing the same criteria that our formal judging panel will use. From there, the judging panel will be given top entries to review and score.
Q: When will winners be announced?
A: Winners will be announced on October 21, 2022.
Q: Are there restrictions on how the winners can use the money?
A: None. Use it in whatever way best serves your organization and your mission!
Q: Are there geographic restrictions to the Award?
A: Historically the Award has been restricted to specific states. In its tenth year, we have removed those barriers and are opening up the Award to any 501(c)(3) organization within the U.S. who wishes to apply.
Q: What’s in it for Eide Bailly?
A: Like any other business, we have to get the word out about our services. Rather than spend tens of thousands of dollars on an advertising campaign, we thought we could generate just as much – if not, more – name recognition with these awards and, at the same time, make valuable contributions to an industry we cherish.
Each of our five winners were awarded $10,000 for their creative and sustainable revenue-generating initiatives. In addition, we were also able to add a $5,000 honorable mention award to one deserving organization in Arizona, thanks to broad community support. Our honorable mention award went to the Cochise College Foundation.
Watch the below video honoring our 2021 Award winners:
We are grateful for our external judges who graciously dedicate significant time combing all the outstanding submissions. The award would not be possible without them, so a big thank you to them!
