Sarasota Opera has announced that they have been selected to participate in an entrepreneurial opportunity called “Margin & Mission Ignition.”

Presented by The Patterson Foundation, the initiative will see Sarasota Opera work with No Margin, No Mission, a social enterprise and national consulting firm, to develop and implement new ways of generating revenue. As one of four participating organizations, Sarasota Opera will also meet and share experiences with fellow participants over the 30-month process with M&MI.

“We are looking forward to building our capacity through participation on The Patterson Foundation’s Margin & Mission Ignition initiative,” said Sarasota Opera’s General Director Richard Russell in a press release. “By diversifying our revenue streams, we hope to strengthen our ability to present world-class opera to our community.”

“We have learned that diversifying revenue streams does more than strengthen the financial viability of nonprofits — it can also build organizational capacity,” added Debra Jacobs, president and CEO of The Patterson Foundation. “Previous participants of Margin & Mission Ignition have developed and implemented earned-income plans that advance both their missions and impact. The Patterson Foundation is pleased to work with these four organizations who have demonstrated the leadership, willingness, readiness, capacity and culture for success.”