An independent evaluation of Souths Cares’ “Nanga Mai Marri Program” has revealed the Program has so far delivered $977,000 in benefits for participants and the community.
With the financial support of The Trust Company, Souths Cares were presented the results of Social Ventures Australia’s (SVA) independent review into the Social Return on Investment (SROI) for Souths Cares “Nanga Mai Marri” program on Tuesday, courtesy of consultants Hannah Chadwick and Simon Faivel.
The report – which took ten weeks to research – involved representation from all key stakeholders, including students/participants, their families, schools, training and employment providers, and government.
Of the 47 participants, 94% were either working, at University or TAFE, still in school or a traineeship; with all participants on track to transition to their chosen field.
The results compare favourably with the nationwide average of 65% of young indigenous people achieving positive transitions into employment.
“The purpose of this analysis is so Souths Cares can report to stakeholders on the SROI value the program provides the participants, the community and the government,” said Hannah.
“It helps Souths Cares tell the story of what they do in the community as a non-profit organisation.”
For participants, the sense of belonging and a ‘greater sense of pride about being an Indigenous person’ were identified as important factors in the Programs’ success, centred around themes such as; belonging, self-development and school/work.
The mentor/participant relationship was also identified as a key component for the success of the Program. Rhys Wesser, (Indigenous Program Coordinator) stated that this analysis would be positive in helping improve the participant’s skills and understanding the reasons for developing their specific career pathways.
“I know where the students are at and this analysis will assist us to identify where we can get them and how we will get them there,” said Rhys.
Souths Cares would like to add a special 'thank you' to The Trust Company Ltd as trustee for the Cecil and Neita Quail Trust’ and the Department of Prime Minister & Cabinet who funded this important evaluation.
Summary of value created by “Nanga Mai Marri,” key success factors of the program:
- An investment of $466,590 between FY2012 to FY2014 in the “Nanga Mai Marri” program created $977,000 in value to the participants and government.
- This result in an SROI ratio 2.1:1 that means that for every dollar invested in “Nanga Mai Marri,” $2.10 of value is created for the participants and government.
- Of the total value created, 85% accrued to participants and 15% to government.