Why Rating
NGOs are institutions which work and exist only for public benefit. They work in fiduciary capacity and deal with public funds. Hence, their accountability quotient towards the stakeholders is very high. The development sector is also undergoing a facelift, the process bringing with it new rules and compliances from both the Government and donor agencies. Further, the notion of risk assessment is gaining momentum in the development sector. Organizations may also lack the necessary resources and capacity to have in-built systems to assess risks. All these add up to the importance of instilling effective control mechanisms within an organization. With this backdrop, FMSF took the onus and has developed a generic rating tool customized to fit the requirements of organizations in the development sector.
This rating tool developed by FMSF helps to assess the current status of an organization in the areas of Governance, Management, Finance and Program. Voluntary organizations who wish to participate in this rating exercise are provided with a secure confidential report on the performance of their organization as per legal/accountability conformity laid down by the law of the land. To increase the ease of use and utility of this rating tool, we have added a tour guide (available in the home page, after you have logged in) and support at FMSF's end. This tool comes with many exceptional features. Voluntary organizations can assess risks, plan next course of action, seek expert advice/interpretation for a rating and compare two ratings taken at different points in time. Thus, this internal assessment tool aims to strengthen the internal systems by diagnosing risks and determine the effectiveness of actions taken after a rating.
This modular rating system has been developed as social accountability standards after years of research and feedbacks received from various organizations and experts. This self-assessment tool is a humble effort of FMSF in its stance to capture the urgent need of the development sector. As an organization which has been promoting accountability for more than two decades, this is a path-breaking diagnostic tool. We hope that organizations will find this indispensable tool highly yielding in the development process.
Our Areas of Work
Financial Monitoring
Financial resources are integral to any development work. Facilitating a process by which resources reach the implementing organizations, ensuring smooth implementation of the planned activities and complying with the reporting requirements are major links in development cooperation. FMSF primarily addresses this area through financial monitoring. The Monitoring function performed by FMSF includes projects supported by EED, Germany, and
Bread for the World (BftW) Germany.
Read More
Capacity Building
In its endeavor to capacitate the voluntary sector, FMSF conducts various training programs and workshops. Apart from organizing workshops and consultations, members of the FMSF Resource team also facilitate various sessions in workshops organized by other agencies. The capacity building initiative is undertaken in areas of financial management, governance and social accountability issues.
Read More
Governance
Governance plays a crucial role in effective functioning of an NGO. Further, Governance standards of organizations are recognized as critical in maintaining the transparency and accountability of the organization. Good governance is crucial and critical also for the corporate and government sector. Over the years, FMSF has been engaging in the area of Governance and have been one of the pioneers in setting up of accountability standards for the NGO Sector.
Read More
Legal Issues
In the Societal Context, there are three sectors. The first sector being the "government", second sector being the "market" and the voluntary sector constitutes the "Third Sector". It is an independent sector playing an important role outside the realm of government and private business, though there is interdependence mongst the three of them.
Read More
Financial Monitoring
Financial resources are integral to any development work. Facilitating a process by which resources reach the implementing organizations, ensuring smooth implementation of the planned activities and complying with the reporting requirements are major links in development cooperation. FMSF primarily addresses this area through financial monitoring. The Monitoring function performed by FMSF includes projects supported by EED, Germany, and
Bread for the World (BftW) Germany.
Capacity Building
In its endeavor to capacitate the voluntary sector, FMSF conducts various training programs and workshops. Apart from organizing workshops and consultations, members of the FMSF Resource team also facilitate various sessions in workshops organized by other agencies. The capacity building initiative is undertaken in areas of financial management, governance and social accountability issues.
Read MoreGovernance
Governance plays a crucial role in effective functioning of an NGO. Further, Governance standards of organizations are recognized as critical in maintaining the transparency and accountability of the organization. Good governance is crucial and critical also for the corporate and government sector. Over the years, FMSF has been engaging in the area of Governance and have been one of the pioneers in setting up of accountability standards for the NGO Sector.
Read MoreLegal Issues
In the Societal Context, there are three sectors. The first sector being the "government", second sector being the "market" and the voluntary sector constitutes the "Third Sector". It is an independent sector playing an important role outside the realm of government and private business, though there is interdependence mongst the three of them.
Read More