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Social accounting for value creation in nonprofits

In: Handbook of Research on Nonprofit Economics and Management

Author

Listed:
  • Laurie Mook
  • Femida Handy

Abstract

One challenge faced by nonprofit organizations is capturing and reporting the creation of social value. Social accounting is one way of doing this. The framework of social accounting can be applied to any type of organization, but is particularly relevant for organizations that prioritize their social objectives. This chapter outlines the development of social accounting, which grew out of a critique of traditional accounting, and focuses on models for nonprofit organizations. It details one particular model, the Expanded Value Added Statement (EVAS) which reports on the economic and social value added (or destroyed) by the organization and how that is distributed to multiple stakeholders. A case study is used to construct an EVAS for Literacy Volunteers of Rochester, and show how non-monetary items, for instance volunteer contributions, can be included in an accounting framework. Limitations and challenges to adopting social accounting are also addressed.

Suggested Citation

  • Laurie Mook & Femida Handy, 2018. "Social accounting for value creation in nonprofits," Chapters, in: Bruce A. Seaman & Dennis R. Young (ed.), Handbook of Research on Nonprofit Economics and Management, chapter 18, pages 352-369, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16909_18
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