Financial Planning

for  Allen's Lane Art Center
Philadelphia, PA, USA
Posted by
Malia N.

Development Chair, ALAC Board of Directors

Posted Date
Apr 24, 2019
Location
Virtual volunteer opportunity
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3 applications submitted

Impact statement
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.

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

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 may require a short interview with the organization.

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 and 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

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.

Our project is sponsored by: Philadelphia Foundation

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