Operating Budget

Help Creative Healing Space, Inc put together a detailed operating budget covering at least one full fiscal year and provide expert advice on managing cash flow.
Creative Healing Space, Inc
Worthington, MN, USA
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Creative Healing Space, Inc
Worthington, MN, USA

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Posted June 4th

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Project Details

What We Need
  • A detailed Operating Budget covering at least one full fiscal year
  • Expert advice on how to reconcile actual expenses with budgeted expenses
Additional Details

Support to our new Treasurer and Co Director on how to do these budgets in the future.

What We Have In Place
  • Creative Healing Space recently got a new treasurer and Co Director who would like to provide an official budget that we could use for our grant applications vs. the one we currently have. We have few expenses as our budget this year is $10,000. In addition, last year, we spent less than $5,000. Now that we are applying for grants asking for FY2020, FY2021, and project FY2022 and sometimes FY2023 finances, we want to be able to provide that to them with assistance.
How This Will Help
This project will save us $9,114 , allowing us to pay rent for 2022, provide trainings to our board, and resource our programs so more families can participate in our art opportunities.

We need an official budget and overall glimpse of our finances to see where to go in regards to budget, fundraising, grant opportunities, etc.

Project Plan

P
Prep: Distribution of Prep Materials
  • Volunteer Manager provides Professional with materials currently being used for financial planning, such as the current operating budget or chart of accounts, and current financial statements
  • Volunteer Manager also provides any additional materials that will affect budgeting, such as a fundraising plan, earned income plan, or business plan
1
Milestone 1: Information Gathering & Outline
  • Professional does additional due diligence to address any questions or issues
  • Professional creates a detailed outline for the budget, to be shared with Volunteer Manager for feedback
2
Milestone 2: Budget Creation
  • Professional creates budget and shares it with the Volunteer Manager for feedback
  • Professional incorporates any feedback into the model for final draft version
3
Milestone 3: Explanation & Training
  • Professional delivers the budget, alongside a detailed written or verbal explanation of how the budget should be utilized and modified in the future
  • Professional provides advice on how to record and reconcile actual expenses against the budget
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About The Org

Creative Healing Space, Inc
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Our Mission

Creative Healing Space, Incorporated was founded in 2019 to create an intentional safe space that utilizes art as a form of healing and community building.

We aim to serve students, women, families, immigrants, and youth in southwest Minnesota. Our programming echoes the themes of addressing and bringing awareness to mental health, education, and creative art. Our work is community led and community centered.

What We Do

In 2019, our founder, Sureeporn Sompamitwong, brought this space to life with poetry nights, painting events, talent shows, and storytelling series. She curated a safe space for youth and Black and Brown community members, so they could gather and heal together through different artistic forms of expression. Creative Healing Space has since continued to build on the momentum we gained from community support, becoming a permanent resource in our community.

We continue to envision a space that provides workshops, events, and community groups for Black and Brown community members, LGBTQIA folks, and immigrant community members in Worthington and the surrounding area.

Over the course of a year, Creative Healing Space has provided a variety of different art programming for students, families, and young professionals in the Worthington community. We've hosted a range of art-related events, including open mic nights as well as sculpting and painting events, and we've recently hired an art therapist to lead our art therapy sessions.

In Worthington, Minnesota and many rural communities, there is a lack of investment in safe spaces and community-led organizations dedicated to equity and inclusivity. Creative Healing Space strives to invest in its rural communities. We are the only nonprofit founded and led by women of color in Worthington. We pride ourselves in having a diverse and inclusive team, Board of Directors, and following.

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