A new report suggests that nonprofit organizations can learn the money-management skills they need to keep after-school programs afloat.
A four-year study commissioned by the Wallace Foundation tested two different fiscal-management training models at 25 Chicago nonprofits running after-school programs. Researchers divided the organizations into two groups—14 received more expensive and extensive customized training and 11 were given more modest, group-oriented professional development in financial management.
The study found “long-lasting improvements” at all but one of the schools, including some using the less-expensive improvement model.
(The Wallace Foundation also supports coverage of expanded- and extended-learning opportunities and other topical reporting in Education Week.)
A version of this article appeared in the March 25, 2015 edition of Education Week as After-School Programs