Edfirst Foundation Case Study

Finance is the lifeblood of every foundation. Therefore, no organization can achieve its aims without sufficient cash outlay. In the same capacity, the EdFirst Foundation is a victim of circumstances. The organization is concerned with the provision of mentoring and afterschool programs, as well as other resources for the k-12 children from the low-income families in the inner cities. Historically, the foundation is open to all the children from the ten cities where the EdFirst operates. Similarly, all the families that fall under the federal poverty line receive all the services for free. Notably, the children from the families that are above the federal poverty line are served at highly discounted rates annually. In essence, the majority of the children that benefited from the EdFirst were from the families that were below the federal poverty line. Consequently, …show more content…
Therefore, according to the previous two distinct performance appraisals, there has been an encouraging improvement as concerns the levels as well as the graduation rate. However, a comparison to the other foundations indicated a wayward expenditure directly involved in the educational programs. In fact, it is contrary to the accounting principle resource maximization that is, keeping the expenses as low as possible. The spend was extremely adverse as it took the center stage in the cost-benefit management factor. For instance, the cost of rent, the individual educational centers, supply materials, various afterschool activities, as well as the provision of the transportation costs, were significant factors. Therefore, it precisely indicates that an extra source of funding is necessary; otherwise, the foundation has to cut the services for other children, and that is a factor that is against the foundation’s aims and vision. Further, the average cost of supporting an individual child in the program annually sums to approximate