SROI Report Card: Year Ending April 30 2006

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SROI Report Card Year Ending April 30 2006
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Cook Studio Social Mission Overview
SROI Report Card Year End 2006
Goals
Methods
Success Metrics

• Provide job skills training and employment
  placement to people with employment barriers
• Help participants at end of employment placement
  to career ladder internally, access mainstream
  job market or access formal education/training
  system
• Actively participate in the revitalization of
  Vancouvers Downtown Eastside (DTES)

• Operate two employment
  training programs (disadvantaged youth and
  long term unemployed)
• Hire locally from DTES
• Train people in an environment that supports the
  whole person while providing high quality food
  product and service to customers
• Establish partnerships in the food service
  industry for trainee practicums and next step
  employment
• Hire past trainees into Cook Studio as full time
  employees
• Where possible source food product from local
  suppliers

• At least 75 of youth secure employment and/or go
  back to school at end of 6 month employment
  training program
• At least 65 of long term unemployed are able to
  become independent of income assistance at end of
  6 month employment training program
• At least 50 of Cook Studios employees are
  hired from training programs and DTES
• Source approximately 30 of food product and
  supplies from local DTES suppliers for Cook
  Studio operations

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SROI Report Card Year End 2006
Enterprise Cook Studio Food Services
Location Vancouver, British Columbia Date of
Inception 1990

• Overview of Business
• Incorporated in 1990 in North Vancouver and
  relocated to Downtown Eastside (DTES) in 2000
• Since 1990, created employment opportunities for
  more than 1200 disadvantaged, multi-barriered
  lower mainland residents
• Three distinct operations full service café
  commissary kitchen and catering contract food
  services
• Grew revenues by 76 (compared to 04/05)
• 2005 won contract to operate all food and
  beverage operations at Edgewater Casino as part
  of the Vancouver Agreement
• 2006 won contract to operate Vancouver Olympic
  Organizing Committee food services contract as
  part of the Vancouver Agreement
• Currently purchase over 500,000 per year in
  supplies and products from small DTES business

• Overview of Target Participant Group (sample
  group)
• 95 unemployed 52 long term unemployed 34
  disadvantaged youth 14 local DTES recruitment
• 57 receiving government financial assistance at
  start of training program
• Average age 31
• 57 Caucasian 29 Metis/Aboriginal 10 Asian
  4 Spanish
• 57 female
• 14 single parent households with 1 or more
  children
• 57 completed high school

• Employment Outcomes (sample group)
• Currently employ approximately 100 people, 45 of
  whom are Downtown Eastside residents or graduates
  of Cook Studio training programs
• Target employees currently paid approximately 1
  million a year in wages plus Medical Service Plan
  and a comprehensive long-term disability and
  dental insurance plan
• 72 of trainees went onto second stage employment
  (sample group)
• 38 secured job at Cook Studio and 62 went onto
  outside employers
• 85 secured full time jobs and 15 secured part
  time jobs
• 100 second stage employment secured in food
  service industry
• 14 recruited locally from DTES
• 9.73 average wage for next job

• Sustainable Livelihoods Outcomes (sample group)
• 73 of long term unemployed trainee group
  receiving government income assistance during the
  training program were able to secure jobs at end
  of program and get off social assistance
• Cook Studios open, friendly and supportive
  organizational culture enables trainees to
  develop confidence in themselves and their
  ability to establish a career track
• The routine of the training program, the rotation
  structure of diverse food preparation stations
  and different service environments enabled people
  to learn what particular areas they are most
  interested in developing re career laddering in
  the food service industry

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SROI Report Card Year End 2006
Definitions and Methodology
Total operating losses Grants and Subsidies
Additional Social Support Infrastructure Total
Investment Required Annual Government Financial
and/or Social Service Assistance Before Hire -
Annual Income Tax Paid Before Hire Annual
Income Tax Paid After Hire / Number of Target
Employees in Sample Group Average Change in
Societal Contribution Total Change in Societal
Contribution / Total Investment
Required Current Year SROI Average Change in
Societal Contribution x Number of Target
Employees completed Employment Program in Current
Year The calculation is the inverse of the
Current Year SROI or Total Investment
Required/Total Change in Societal Contribution
Y1 Change in Societal Contribution Y2 Change
in Societal Contribution Y3 Change in Societal
Contribution/Y1 Total Investment Y2 Total
Investment Y3 Total Investment /3 Cumulative
SROI Y1 Total Investment Y2 Total Investment
Y3 Total Investment / Y1 Total Change in
Societal Contribution Y2 Total Change in
Societal Contribution Y3 Total Change in
Societal Contribution x3 years

• Total Investment Required
• Represents all cash injections in the business
• Average Change in Societal Contribution (Target
  Employees)
• Difference between the direct societal cost or
  benefit contributed by the employee before hire
  versus after hire
• Current Year SROI
• Return on investment generated by the current
  year change in target employee financial position
• Current Year Cost Savings to Society
• Dollars saved that year by employing target
  group and eliminating or lessening government
  financial assistance
• Societal Payback Period
• The number of years it would take for the social
  returns to equal the financial investment
• Cumulative SROI (not applicable for first
  year SROI calculation)
• Average return on investment generated by year
  1, 2 and 3 change in target employee financial
  position
• Cumulative Societal Payback Period (not
  applicable for first year SROI calculation)
• The number of years it would take for the social
  returns to equal the financial investment made in
  Y1, Y2 and Y3 combined

• Data Gathering Process
• The sample group was drawn from the
  trainee/target employee group working at Cook
  Studio during 2005/2006
• SCP staff conducted 8 face to face interviews
  from the overall sample of 21 to learn their post
  program status, participant beliefs about program
  and CS employment benefits and sustainable
  livelihood outcomes
• Only trainees that had completed the training
  program or were hired directly from the local
  community were considered for SROI calculations