Executive Director

20Fathoms • Traverse City, MI

37d • Onsite

About The Position

20Fathoms is Northern Michigan’s startup incubator and accelerator, focused on building high-growth companies. Our mission is to be the region’s home for innovation and entrepreneurship by cultivating a thriving, connected ecosystem for early-stage, scaling companies. With emphasis on a team-first, energetic culture, we build and accelerate companies by providing the structure, resources, and support founders need to move from concept to market to scale. 20Fathoms partners with high-potential entrepreneurs to drive meaningful progress, through focused programming, expert mentorship, access to capital, and a strong network of peers and partners. We also provide a community space that feeds that pipeline and enables collisions.

Requirements

• BA/BS required, advanced degree preferred in a relevant technology or business discipline or equivalent experience with a technical background
• Experience scaling businesses from 2-20 employees
• Experience leading a business or business unit with at least 5 full time employees and commensurate annual budget
• Knowledge of and/or experience with nonprofit organizations and grant compliance helpful
• Knowledge of tech and/or startup sector
• Relationships, particularly local/regional relationships, that allow you to appropriately network, advocate, and influence on behalf of the region
• Public speaking proficiency
• Experience managing commercial business relationships, including ongoing procedures and leases, contracts, and agreements
• Proficient with CRM software applications (HubSpot preferred) helpful

Nice To Haves

• Advanced degree preferred
• Knowledge of and/or experience with nonprofit organizations and grant compliance
• Proficient with CRM software applications (HubSpot preferred)

Responsibilities

• Accountable for all aspects of 20Fathoms’ vision, mission, values, and execution.
• Develop and lead the team with clear alignment to objectives and ensure future sustainability of the organization.
• Develop and execute the 5+ year organizational vision.
• Responsible for the day-to-day execution of the organizational vision and strategy, including facility management, Annual Operating Plan development, and allocation of funding expenditures.
• Maintain significant financial acumen and responsibility for near-term expense requirements and future multi-year planning.
• Ensure adequate income across donor, sponsor, grant, and program income.
• Ensure appropriate governance and internal controls, and all compliance requirements are met, including Federal and State Grant management and compliance.
• Collaborate with the CFO to manage the affairs of the organization with frugality and stewardship of funding.
• Fundraise and work with donors and sponsors.
• Hire, develop, and manage a team of 5-15 individuals aligned with the objectives of the organization.
• Support entrepreneurs and founders across the ecosystem with the end-goal of creating highly skilled jobs in the NW Region of Michigan.
• Attend most 20F events.
• Develop and maintain crucial relationships with other community, regional, and state-wide supporters and influencers.
• Speak publicly about the mission and progress of 20Fathoms.
• Maintain and grow the strength of the 20Fathoms’ brand.
• Act as the go-to person for high-growth companies and entrepreneurship topics from around the region and state.
• See the strengths and weaknesses in individuals and the team and work to improve the collective through development and management of the team.
• Maintain regular on-site availability for unhindered people access.
• Prepare and present clear and concise briefing materials and presentations for the Board of Directors.
• Work collaboratively with the Board to execute on the organization’s Vision and Mission.
• Ensure cash flow health at all times, managing the budget, and accurately projecting future needs and expectations.
• Maintain transparent, compliant, and auditable financial records.
• Ensure all appropriate grant compliance reporting takes place accurately and on time.
• Accountable for all organization-wide leadership of nonprofit and grant program compliance.
• Maintain systems access for government and grant agency systems.
• Ensure organization-wide grant compliance objectives are met.
• Report compliance in alignment with government and grant specifications on time.
• Ensure all state and federal nonprofit and solicitation registrations are maintained and up to date.
• Leverage appropriate financial controls.

Benefits

• Health, dental and vision insurance premiums are fully paid by 20Fathoms for the employee, eligible for coverage 1st of the month following hire.
• Employees may purchase coverage for eligible family members via payroll deduction.
• Retirement plan includes options for 401k and/or Roth, eligible to participate after 1 month of service.
• Customary paid holidays and generous paid time off (PTO) policy.
• On-site fitness center use included.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive