Business Case Studies & Business Publications

Boys & Girls Clubs of Central Virginia B...

Murray, Meghan

Case

Boys & Girls Clubs of Central Virginia Budgeting: Achieving Bright Futures

Murray, Meghan

C-2462 | Published March 14, 2024 | 10 pages Case

Collection: Darden School of Business

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Product Details

This case covers strategic financial planning at the Boys & Girls Clubs of Central Virginia (BGCCVA), a nonprofit youth-serving organization with an annual expense budget of $6.7 million. In preparation for the next fiscal year, the CEO and CFO were compiling data and talking points for the May 2023 board meeting. BGCCVA was a high-performing, complex nonprofit with multiple locations serving more than 1,000 kids annually, and was often recognized as a standout by Boys & Girls Clubs of America (BGCA). The case explores two strategic challenges with financial implications: a new building and a staff development initiative, in addition to a recent leadership change. This case is inherently about managing competing strategic priorities, and gives instructors the option to explore everything from leadership transitions to annual budgeting. An obvious way to focus the discussion is through financial storytelling: first, understanding what the numbers mean, then second, evaluating the best way to communicate. There are opportunities to compare for-profit and nonprofit organizations as well. The teaching note includes an optional individual or team class exercise. This case is appropriate for full-time MBA, part-time MBA, and Executive MBA students, and can be taught in person or virtually.

• Quickly assess organizational priorities. • Understand risks to the nonprofit. • Discuss the budgeting process and how to communicate financials. • (Optional) Practice creating a financial storytelling slide.