Social accounting for value creation in nonprofits

Laurie Mook and Femida Handy

Chapter 18 in Handbook of Research on Nonprofit Economics and Management, 2018, pp 352-369 from Edward Elgar Publishing

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.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2018
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