Wednesday January 23, 2008

County Volunteers Contribute Over $700,000 in Labor

SUNY report puts dollar values on time contributions
By Press Release

    How much are local volunteer hours worth in economic impact?

    The SUNY Oswego Office of Business and Community Relations recently completed an impact analysis of 11 human service nonprofits located in Oswego County. The report focused on the areas of business, financial support from outside Oswego County, their effects on the local economy, the efficiency and effectiveness of funds used,and the impact that volunteers have on the services provided to the Oswego County community.  

    Volunteer agencies
    participating in this analysis included board members, pre-school assistants, program instructors, drivers, mentors, advocates, clerical support and fundraisers.

    The report established that volunteer support for many nonprofits allows them to accomplish their mission without expending financial resources. The types of activities that utilize volunteers varied greatly by agency but all were valuable to the people they benefit.

    In 2004 the agencies reported utilizing 1,443 total volunteers, with 1,413 adults and 30 volunteers under 18 years old. Together they contributed 29,856 hours to community service. In 2005 that number rose to 1,548 with 1,262 adults and 286 volunteers under 18 years old. They contributed 30,095 hours.

    The value of the hours, as calculated by the U.S. Bureau of Labor Statistics for New York State factors out to an hourly wage of $23.60. This method of reporting is supported by Statement 116 of the Financial Accounting Standards Board used in reporting volunteer time. The 2004 value of volunteer time was calculated at $704,601.60, the 2005 at $710,242.00.

    The numbers do not reflect the skill levels of the contributing volunteers that range from physicians, accountants, lawyers, and teaching professionals. Volunteers contribute thousands of hours annually to the nonprofit organizations and provide an outstanding service that creates a direct benefit to the organizations and the communities that may not be otherwise affordable.