When Nonprofits become big business

LISTEN: Nonprofits need to be run like businesses
1563_ 6/9/14 - The keynote speaker at the monthly ACG Denver program was Lloyd Lewis, President, ARC Thrift Stores. Lloyd spoke on the need for nonprofits to be run like businesses, and the successes this approach has achieved at Arc: •Revenue and employment has more than doubled •Earnings have quintupled during his tenure •More than $65 million in revenue •$28 million distributed to charity •1,300 employees (160 employees with disabilities) •Over 3 million customer transactions annually •Nearly 900,000 square feet of stores, warehousing, and corporate office space under lease. Lloyd is responsible for the operation of 22 retail thrift stores across the Front Range, from Fort Collins to Pueblo, now doing in excess of $65 million in annual revenue with over 3 million customer transactions annually. Lloyd is in his ninth year as President, and during his tenure revenues and employees have more than doubled and earnings have more than quintupled. Also during his tenure Arc Thrift stores has distributed $28 million to 12 Arc advocacy chapters who help people with intellectual and developmental disabilities find jobs, housing, medical services, services in schools, etc...Listen for more…
RELATED LINKS: Arc Thrift Stores || ACG Denver || Event Photos Slide Show || M&A Channel || Community Reach || KEYWORDS: Lloyd Lewis, ARC Thrift Stores, ACG Denver, Nonprofits, Front Range, Down Syndrome, Governor Hickenlooper’s Human Services Transition Team, bytes=4441968
LISTEN TO: Lloyd Lewis, President, Arc Thrift Stores

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