Wednesday, Dec 07th

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You are here: Business Finance Nonprofits in The Last Frontier
Dennis McMillian is an entrepreneur with a cause. As president of the not-for-profit Foraker Group, he has dedicated himself to ensuring the sustainability of the nonprofit industry by offering consulting and other services throughout the state.

Over 25 years of executive experience have prepared him well for this demanding role. He travels about 200 days out of a year to remote parts of the state, often working with indigenous tribes and their budding enterprises.

Founded in 2001, the Foraker Group offers management services to foster healthy growth within the industry, including backroom services for multiple organizations in areas such as finance, human resources, and legal issues. They also provide employee training and consultation for organizations in need of new business strategies. “We have senior-level consultants that are providing services at a level most smaller organizations couldn’t afford otherwise,” he said.

Although the group’s opening success was partially based on luck—being in the right place with the right resources at the right time—learning from others and thinking ahead have also been the keys to the group’s stability, McMillian said. “We had to be innovative because no one had done what we were doing in the way that we were doing it.”

Many nonprofits depend on federal funding, so government budget cutbacks in recent years have increased the risks to many organizations, McMillian said. The Foraker Group is working to address the crisis as Alaskan economy heads toward the peak of the recession. They look forward to expansion in order to continue doing what they do best. And in these tough times, their services are more necessary than ever.

For more information, please visit:  www.forakergroup.org
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