The NYT business section had a story this morning about Open Book, a Minneapolis nonprofit that is the combination of four literary- and book-related organziations (plus a coffee shop, of course), all housed in a beautiful old mill. It's kind of a Mass MoCA for the literary crowd.
The article is slanted towards a real estate/development story, so it leaves out the business details I would have found most interesting--like how does the four-way partnership work? What's the relationship between the member organizations and the umbrella organization?
Also this morning, the Stanford Social Innovation review website introduced me to a related term: the Management Service Organization. Basically, this refers to organizations formed by combinations of small businesses, often nonprofits, to share "back room" administrative resources such as HR and accounting. You are going to be hearing more about them.
btw, the Times article mentions that the Loft Literary Center, one of the members of Open Book and an NPO crush of mine for a long time, earned $570,000 in tuitions last year and has 3,000 members. Swoon!
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