What led you to ImpactLab? Our MoneyTime financial literacy program for 10-14 year olds is provided free of charge into New Zealand schools. We are funded by corporates and organisations who think our work is important. We thought that a GoodMeasure report would help show current and future sponsors the impact our program is having on the young people in our community.
What did the project look like? ImpactLab asked us to provide data on things like program outcomes, levels of engagement, participation numbers and delivery costs. We were already recording most of the information, so it was a relatively straight forward process.
What did you learn? We learned our SROI is $7.70 for every $1.00 spent. This is validation for our sponsors and shareholders that we are being very efficient in creating positive impact for NZ kids. The report also confirmed that our engagement rate is particularly high for an educational resource.
How did the work impact your organisation? As a team we are proud to have it confirmed independently that our work generates a measurable social impact. On an operational level the discussion around what constitutes meaningful engagement motivated us to develop more detailed reporting on each student’s progress.
How have you leveraged your GoodMeasure report? We have shared our report results with teachers, sponsors and the media. The results are particularly important for the social impact managers we are reaching out to for sponsorship. They want to know that if they sponsor us, their funding is going to make a significant difference to the youth of New Zealand.