iMentor in the WSJ!
iMentor was featured in the Wall Street Journal today, thanks to its participation in Morgan Stanley’s Social Enterprise Strategy Challenge. Here’s a brief excerpt:
Halphen’s team created a five-year expansion plan and growth strategy for the nonprofit, which is nearly 10 years old and has matched 5,000 high school-aged youth in underserved New York communities with volunteer adults. Recently, iMentor created a Web-based mentoring platform to generate revenue and facilitate mentoring programs across the country.
The company grew faster than they had prepared, adding more than 40 new partners in six months, and planned to hire a consultant to figure out the most efficient and productive way to proceed. Morgan Stanley’s program offered the service for free.
While it can be difficult to merge Wall Street expectations and nonprofit realities, “we saw an opportunity to plug into private sector and draw on their experience,” said Mike O’Brien, iMentor’s chief executive.
You can read the full article here.