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Financial Planning

Help Allen's Lane Art Center improve their ability to predict the financial impact of changes in their funding and expenses, so that they can effectively plan for the future and avoid surprises.
Allen's Lane Art Center
Philadelphia, PA, USA
Allen's Lane Art Center
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Allen's Lane Art Center
Philadelphia, PA, USA

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Cause
Arts & culture
Skills
Finance

Posted April 24th

Financial Planning

Project details

What we need
  • An Excel spreadsheet custom-built specifically for the Organization's finances
  • Training on how to use the spreadsheet to understand the current financial situation and predict future states (e.g., plan for budget increases or decreases, hiring, and other key drivers)
What we have in place
  • We currently have audited financial statements and an organizational budget, which should make it easy for you to get started. We also have a grants manager, and the ability to provide any other information you need.
How this will help
This project will save us $14,474 , allowing us to improve our workshops and offer more courses, and provide more summer camp scholarships for underserved youth in our community.

We want to ensure that we are using each dollar we receive from organizational supporters to refine our programming and make the most impact in our community. This project is an integral step to achieving our goals.

Project plan

P
Prep: Distribution of Prep Materials
  • Volunteer Manager provides Professional with current accounting needs and practices, chart of accounts or operating budget, and financial statements currently being generated (e.g,. statement of financial position, statement of activities, or statement of cash flows)
  • Optional: If you are concerned about the sensitive nature of your financial data, have a volunteer sign a non-disclosure agreement
1
Milestone 1: Analysis & Recommendations
  • Professional analyzes current accounting system, and recommends improvements to data gathering, reporting, or implementation of new bookkeeping software
  • Volunteer Manager provides feedback which Professional incorporates
2
Milestone 2: Implementation
  • Professional helps the Volunteer Manager to implement recommendations
3
Milestone 3: Training
  • Professional trains Volunteer Manager on how to fully implement recommendations to ensure sustainability
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About the org

Allen's Lane Art Center
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Causes
Arts & culture Diversity & inclusion Youth development
Posted by
MN
Malia N.

Development Chair, ALAC Board of Directors

Our mission

Allens Lane Art Center (ALAC) was founded nearly 70 years ago in response to growing racial tensions in the Mt. Airy neighborhood of Philadelphia. An interracial group of neighbors who believed in the arts as an agent for unity and change established ALAC in 1953,

Today, the organization provides programs and activities that bring our diverse community together to experience and support the arts. Our vision is for ALAC is to be the model of community engagement in the arts in Northwest Philadelphia, providing quality and innovative art and cultural programming for the Greater Philadelphia Region.

What we do

Allen's Lane Art Center offers four core programs: Gallery Exhibitions, Theater Performances, Classes in Visual and Performing Arts, and Summer Art Camp for youth.

In following our mission to make the Arts as accessible as possible to our community, many events are either low-cost or free when possible.

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