Students Consulting for Non-Profits (SCNO) at the University of Illinois at Chicago (UIC) has been a partner with Students for a Smarter Planet for the 2013-2014 school year. SCNO is a national organization of undergraduate student-led consultant groups that provide pro-bono consulting to local non-profits. The SCNO at UIC chapter was formed in the fall of 2012. SCNO projects typically include various business aspects such as marketing, fundraising, organizational strategy, and finance.
SCNO at UIC first partnered with Students for a Smarter Planet to support a financial analysis and strategy plan for a small non-profit based in Chicago called Community Building Tutors (CBT). CBT provides free after-school tutoring and programming to Chicago Public School students and focuses on positive character development and social-emotional learning. The organization was founded in 2004 and relies primarily on donations to cover its operating expenses. Due to this, its funding has been cyclical over time and maintaining stable operations has been a challenge for the organization.
Thus, a team of SCNO at UIC consultants worked with CBT to complete an analysis of its budgets since its inception in 2004 as well as financial projections for the next 5-10 years. CBT has plans to expand throughout the Midwest and nation within the next 5-10 years in order to have a greater impact on urban students. In doing so, it’s imperative for CBT to know the level of funding required to fuel this growth. The final scope of the project included an analysis of CBT’s past operations, financial projections for expansion, and overall recommendations in terms of securing funding and expanding the organization strategically.
In addition to the CBT project, Students for a Smarter Planet also supported an additional three projects with different non-profits in the fall semester and is currently supporting three new projects this semester. This semester’s projects will be wrapping up within the next few weeks, stay tuned for updates on those!