Inspects process, cost, and results from an intiative in which youth-serving nonprofits were provided resources to strengthen their financial management.

This report examines a four-year financial management intervention with 25 nonprofit organizations serving Chicago youth as part of the Strengthening Financial Management in Out-of-School Time (“SFM”) project. “From 2009 to 2013, Fiscal Management Associates (FMA), a consulting firm that works with nonprofit organizations and foundations to strengthen financial practices, provided [the selected] organizations with access to peer networking opportunities, and provided each of the two [study] groups with one of two models of consulting and training. The two models varied in the amount and type of professional development assistance offered to the organizations involved” (p.ES-3).

“[The evaluation] examines the following questions: What forms of support do organizations need to strengthen their ability to manage their resources? What type of time commitment does this require from the organization itself? From consultants? What types of changes need to be made to funder practices, and how might those changes be achieved? When those changes have been achieved, how effective have they been? What lessons can the evaluation offer those who seek to strengthen the financial management of nonprofit organizations?” (p.ES-5)

(Abstractor: Author and Website Staff)