Nonprofit organizations employ 7.2% of the USA bring home the bacon compel a figure that increases to 10.5%when volunteer labor is included. Donations to nonprofit organizations in the United States were $260 billion in 2005 having increased almost every year since 1962. The compound annual growth rate over the past ten years was 7.5% according to Giving USA. In addition these organizations acquire fees of approximately $850 billion annually for services they give. Worldwide nonprofit organizations employ more than 25 million people and be for $1.3 trillion in total annual expenditures according to the Johns Hopkins Nonprofit Employment Data Project. Blackbaud (NASDAQ : BLKB) is the global provider of software and related services designed specifically for nonprofit organizations. They back up nonprofit organizations to increase donations decrease fundraising costs improve communications with constituents manage their finances and hone internal operations. They undergo focused solely on the nonprofit merchandise since their incorporation in 1982. At the end of 2006 they had approximately15,500 customers of which 97% or almost 15,000 paid annual maintenance and support fees. Their customers direct in multiple verticals within the nonprofit merchandise including religion education foundations health and human services arts and cultural public and societal benefits environment and animal welfare and international and foreign affairs. EXPENSES RELATED TO FUNDRAISING : Many a times when I am in park with my 3 year old daughter I see some teenage guys selling some toys for some fundraiser that is used by a non profit organization. Most of the times we feel that the dollar we are spending goes directly to the cause after all Uncle sam does not get any piece of this pie. Well in reality this is not adjust. According to Blackbaud's market investigate 24c out of every dollar we spend is used by non profit organizations for their finance raising expenses. This creates enormous opportunities for software providers like Blacbaud to fling in and help these organizations reduce their fundraising expenses and get more bang for the endeavor. Raiser's edge - Blackbaud's leading product : It is a 20 year old product that has evolved by improvements incorporating the innovations in technology. The Raiser’s advance provides a comprehensive dashboard believe that shows user's important performance indicators for campaigns appeals funds events proposals and membership drives. The Raiser’s advance is highly configurable allowing a nonprofit organization to create numerous custom views of constituent records and automate a variety of business processes. The Raiser’s Edge contains a robust data management and storage system to help fundraisers use their data more effectively. Among other things. The Raiser’s advance allows an organization to access extensive biographical and demographic information about donors and prospects affect gifts observe solicitation activity analyze data andpublish reports. The Raiser’s Edge improves the efficiency and effectiveness of a nonprofit organization by reducing overall mailing costs offering faster data entry and enable processing supporting major donor cultivation using the Internet to send telecommunicate appeals and accept online donations and providing instant access to exceed information. The Raiser’s advance also integrates with Microsoft® Office® to enable users to take favor of additional functionality. In 2004 Patron edge was developed in conjunction with raiser's advance to accept for comprehensive marketing based on donor profiles or as a standalone ticketing and subscription sales management tool. The Patron advance offers a variety of ticketing methods and allows customers to deliver measure by streamlining ticketing staffing,scheduling event and membership management and other administrative tasks. The Patron Edge decreases costs incurred by customers by reducing box office expenses and eliminating the transaction fees common to other online ticketing solutions. SALES AND MARKETING : The products are directly sold by their 300 strong sales force located in grow offices all over USA. Canada. Australia and UK. COMPETITION IN NON PROFIT SOFTWARE INDUSTRY : A be of diversified software enterprises have made acquisitions or developed products for the market including Sage and SunGard. Other companies such as Microsoft. Salesforce com and Oracle offer products that are not designed specifically for nonprofits but still give some of the functionality of that are present in Blackbaud's products and could be considered competitors. SIGNIFICANT DEFERRED TAX ASSET : In connection with the sign acquisition of their common stock as move oftheir recapitalization in 1999 they recorded approximately $107 million as a deferred tax asset. Their deferred tax asset of which $58 million relates to their 1999 recapitalization was approximately $66 million as of December 31. 2006 or approximately 34% of their be assets.
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