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Session 1
May 26
 Guiding
Principles
 Social Value
Creation
 Stakeholders
Session 2
Session 3
June 23
Sept. 22
 Mapping
 Financial
outcomes
Proxies
 Selecting
 Establishing
Indicators
Impact by
 Predictive vs.
Stakeholder
Evaluative SROI
Session 4
Oct. 27
 SROI
calculations
 Preparation
for
presentation
of results
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Step by Step Example of Calculation
Double counting
Future projections
Break
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Example using the Social Evaluator
SROI Membership and Assurance
December’s Presentation
Karen summarizing feedback from evaluation
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Understand how to make an SROI calculation
Appreciate the choices and decisions required
when projecting value into the future
Have the tools you need to finalize an SROI
analysis for your initiative
Clarify presentation of final SROI report
Impact = Outcomes
MINUS
Attribution, displacement and
deadweight
Total Impact
= SROI
Total Input
Stakeholder
Outputs
Select key beneficiaries - those are the stakeholders who benefit most
directly, and indirectly, from your work.
Track the tangible numbers associated with your activity.
Name the specific changes that will result from your work (from the
perspectives of various stakeholders).
Select indicators that measure the outcomes you seek. The indicators
Indicators
need to be expressed in take the form of dollars.
Select proxies if you cannot find data that directly corresponds with the
Proxies
indicators.
Data Sources Go to the Social Enterprise Fund website for indicator and proxy data
Assess your impact by calculating the deadweight (what would have
happened if you hadn't intervened) attribution (how many others
Impact
contributed to the outcome) and displacement (if relevant)
Quantify your Inputs, Outputs, and Outcomes
Data
Collection
Add up all the inputs. Add up all the benefits. Subtract the deadweight,
attribution and displacement. Calculate the SROI. Conduct a sensitivity
Calculation
analysis. Calculate the pay-back period. Project the value into the future
Outcomes
If you are starting an employment program with troubled youth.
Your stakeholders are youth, funders, and the Solicitor General.
This could include number of people trained through the program;
Outputs
the number of jobs created, etc.
You may increase income, improve self esteem, reduce reliance
Outcomes
on public benefits and reduce EYOC time/recidivism.
You could compare monthly income before and after program
Indicators
participation, changes in welfare payments, days spent in EYOC.
You may wish to find a proxy to stand in for increased self-esteem
Proxies
such increase in volunteer hours.
SROI database shows that Wild Rose Foundation values
Data
volunteering @ $15/hr and incarceration costs; welfare rates and
Sources
employment income from own data base.
If 25% of all young offenders gain steady employment without your
program, you have 25% deadweight. If you collaborated with 1
Impact
other agency, you could attribute 30% of the success to them.
See data table on next page.
Data
Stakeholder
Variables
Inputs
Outputs
Outcomes
Impact
Indicators
Grant for one year’s operation
No. of youth trained per year
Average hours of volunteering per mo.
Average employment (in months)
% of Youth who do not re-offend (1 yr)
% of Youth who found employment
% of Youth with increased self-esteem
Youth: Average wage based income/mo
Youth: Increased self-esteem thru
volunteering
Funder: Average reduced IS payment/mo
Sol Gen: Average reduced stay in EYOC
Deadweight
Data/Value
$400,000
50
7
8
90%
75%
85%
$1,850
$15
$583
$10,530
25%
Annual Benefit
Value
$
555,000
Employee Wages Earned
$
(174,900)
Less Lost IS Benefits
$
53,550
Increased Self Esteem
$
433,650
Sub-total Benefits to Youth
$
174,900
Welfare benefits Re-allocated
473,850
Young Offender Centre Re-allocated $
$
648,750
Sub-total Benefits to State
$ 1,082,400
Total Benefits Created
Calculation
$1850 *8 mo* 50 * 75%
$583 * 8 mo * 50 * 75%
$15 x 7hrs x 8 mo x 50 x 85%
Sum of 3 lines above
$583 * 8 mo * 50 * 75%
$10,530*50* 90%
Sum of 2 lines above
Sum of 2 sub-totals
Total benefits Created
Minus deadweight
Minus attribution
Net Value Created Year 1
SROI for Year 1
Value
Description
$
1,082,400
As taken from above
-$
270,600
Used 25%
-$
324,720
Used 30%
Total benefits minus deadweight
$
487,080
and attribution
Net Value divided by Investment
1.2:1
(Input) $400,000
The basic formula is:
Payback Period in Months =
Investment .
Annual impact * 12
Value
Net Value Created Year 1
Investment
Mo’s to Break Even
$
$
Description
Total benefits minus deadweight
487,080
and attribution
400,000
Investment (Input) $400,000
10
$400,000/$487,080*12 = 10
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Be clear on the chain of events ala WBF:
 Preparation for the GED exam led to
 Graduation from the Training Program led to
 Employment
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Counting all the links in the chain
artificially inflates the value
Only count the last link – the end
and not the means
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The impact may last longer than the initial
period of investment.
Longer term impacts can be measured (if
indicators are tracked over time) or
estimated.
Where outcomes last for more than the
period over which the investment or
expenditure relates, the financial proxy for
the value of those outcomes needs to be
discounted.
Discounting relates to financial
values. (Drop off relates to
duration of benefits).
Group Discussion:
Would you prefer to receive $1,000
today or in five years? Why?
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What is the future value of money?
According to the Treasury Board, $1,000 is
worth $837 in 5 yrs time.
$1,000 loses value at 3.5% per year
A blunt instrument, but more credible than
0%
Indicators
Data
Discount rate
3%
Benefit period
Drop Off Rate
3
15%
Source/Description
Time value of money - used Alberta
inflation rate from AED website
Number of years into the future that
we are projecting
Decline in success rate, year on year
Value
Net Value Created Year 1
Net Value for Year 2
Net Value for Year 3
Net Present Value for 3 Years
SROI for 3 Years
$
$
$
$
Description
Total benefits minus deadweight
487,080
and attribution
414,018
85% of Year One Net Value
351,915
85% of Year Two Net Value
1,185,197
Used 3% discount rate
Net Present Value over 3 years
3:1
divided by the Input $400,000
Check different assumptions and their impact:
• deadweight, attribution and drop-off
• financial proxies
• quantity of the outcome
• value of non-financial inputs
Having completed the impact map, you are
ready to start inputting your information
into the Social Evaluator.
Other than what’s in the impact map, What
else do you think should be in a report?
SROI aims to create accountability to
stakeholders. As such it is important that the
results are communicated to stakeholders in a
meaningful way.
Your final report should comprise much more
than the social returns calculated. It should tell
the story of change and explain the decisions you
made in the course of your analysis.
When telling our story we need to include
qualitative information to bring the data alive
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www.socialevaluator.eu
Demonstration of how I had to tweak the
SROI example (done in excel) to fit the Social
Evaluator model
The SROI Network is developing an
assurance scheme that will include:
• Accreditation of practitioners
• Assurance of SROI analyses
• Verification
• Assurance
• Audit
To have a report assured by the SROI
network practitioners must:
• Become a member of the network
• Pay approximately $500 for the peer
review (this cost will be covered for
SROI’s produced through this
training IF they are submitted by
December 15th.)
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Gather the data required to complete filling
in the balance of the Evaluator software
Add in all the qualitative elements needed for
a complete SROI
Complete your SROI analysis
Present your draft SROI report to
stakeholders for feedback
Develop your presentation
Consider applying for membership in SROI
Network and trying for assurance
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Your application included a commitment
checklist with an agreement to complete an
SROI report – still an expectation
All participants are expected to attend and
present their findings
Assistance with report research and inputting
into the Evaluator available until Dec. 10th
Members of the SROI Network will attend as
part of a mutual learning exchange
The presentations will run from 9 – 12 (a
presenter’s schedule will be emailed)
The location will be the United Way
 Presentation will not exceed 10 minutes; 8 minutes
summarizing your SROI analysis; 2 minutes sharing
your insights into SROI (as it relates to your project)
 We will leave 5 minutes for Q & A
 Power point projector available – please email
presentations to Anna so that they can be loaded
BEFORE the event
 Up to you to make hand outs for audience members
(no more than 35)
 Results will not be published on the Social Enterprise
Fund website
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In case you think you have it hard…. It could
be worse 
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Karen Kerr on Interim Evaluation Results
Plans for the Final Evaluation (tie in to the
presentation day?)
Session #4 evaluation