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Change lives. Change organizations. Change the world.
The case study discusses San Jose, Calif.-based nonprofit HOPE Services’ merger with Santa Cruz-based Skills Center.
Thanks to the merger with Skills Center, two additional acquisitions, and the development of new business ventures, HOPE had increased in size to a staff of more than 600 and an annual budget of $38 million.
Supporting revenue was derived from 56 percent government contracts, 29 percent program service revenue earned from commercial projects, 12 percent philanthropic support, and 3 percent indirect support from miscellaneous sources.
All parties believed that the merger, completed four years previously, had been an overall success. But, as is common with most for-profit and nonprofit mergers, especially in social services, the change was not without its costs and challenges.
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Paper Copy: You may purchase this case from Harvard Business Publishing.
Case No: SI104