Financial Planning

Help PostClassical Ensemble 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.
PostClassical Ensemble
Washington, DC, USA
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PostClassical Ensemble
Washington, DC, USA

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Posted May 4th

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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)
Additional Details

We have the fundamental tools in place: an operating budget, a strong accounting team, Quickbooks, and monthly review of financials. I need help creating a strategic financial growth plan and understanding how to move from post-pandemic deficits to strong financial position. What are the key decision-making points? How and where to best to allocate grant and donor funding for growth?

What We Have In Place
  • We currently have an operating budget (9/20-8/21), which should make it easy for you to get started. We also have financial reports, and the ability to provide any other information you need.
How This Will Help
This project will save us $14,474 , allowing us to perform live music and pay musicians.

Up to 60 professional musicians count on PCE not just for work, but for the opportunity to play new and interesting repertoire that is rarely performed anywhere else. We regularly commission work from living composers. PCE is committed to growing and thriving for the benefit of our musicians, composers, and our audiences.

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

PostClassical Ensemble
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Posted by
Michelle R.

Executive Director

Our Mission

PCE challenges and redefines what an orchestra is
by radically rethinking the concert experience through
format and repertoire. Our programming aims to tell
stories--exploring the role of music in its cultural and
historical context. It aims at being collaborative, often
integrating theater, dance, film, and art, as well as
international folk music and non-Western instruments.
And, we believe that music should be creatively
contextualized in new spaces--for all audiences new and
old.

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