City Startup Labs, Inc.
4 - 5 weeks
Can be done remotely
Charlotte, North Carolina
Accounting & Finance

Posted July 27
Member since 2021-03-02

This project is currently inactive, and cannot accept applications at this time.

Project Overview

Project overview:
A Financial Analysis project defines the costs of an organization’s programs, a potential expansion, or revenue generation. The resulting financial model equips staff with data for assessing past financial decisions, evaluating current costs and revenue generation, and/or forecasting future costs.

Project deliverables. The skilled volunteer will complete some or all of the following:
Financial Model: Excel-based tool for gathering data that capture the costs of an initiative
Financial Analysis: Report that analyzes data collected using the financial model
Complete in-depth investigation and analysis of the full cost structure around a program, site, or revenue stream
Training and documentation on how use the Financial Model in the future

We are growing through community building in Charlotte, and have expanded programming as we have received new funding. We need assistance getting our financial ducks in a row as we grow in the community, with our sights set higher for the future.

Project impact. The project will impact our organization in the following ways:
Strengthened internal capacity to collect and monitor the right financial data
Better understanding of actual program costs and other financial information necessary for making strategic and operating decisions, including more efficient revenue generation and better service/product pricing
More successful grants proposals and improved reports through better articulated costs
Better understand the costs associated with running a particular program

Skills necessary for this project:
Accounting: The production of financial records about an organization to show the economic resources under the control of management.
Auditing: A systematic and independent examination of data, statements, records, operations and performances (financial or otherwise) of an enterprise for a stated purpose
Budgeting: Estimating the revenue and expenses of an organization over a specified future period of time, and the planned allocation of available funds to each department within that organization for that period.
Cost Analysis: Calculating the costs of a project or decision to identify the impact in terms of true costs, inconsistencies, or potential savings.
Financial Analysis: Evaluating finance entities such as businesses, projects, and budgets to determine their suitability for investment or reinvestment.
Financial Planning: Setting the steps to accomplish a financial goal or address a financial issue (such as debt elimination).


Nonprofit Overview

City Startup Labs (CSL), a Charlotte, NC-based nonprofit, is closing the entrepreneurial divide, where under-represented populations of African American millennials, as well as returning citizens (the formerly incarcerated) are not adequately participating in startup activity and business building. CSL creates this new class of entrepreneurs by providing a robust, accelerated, progressive, culturally relevant and disciplined approach to developing entrepreneurial talent, new venture creation and deployment.


Financial analysis
Cost analysis