Pentacle To Provide Pro Bono Financial Urgent Care Program
Immediate and comprehensive financial arts relief
In response to a prevalent need in the community for immediate and comprehensive financial relief for arts nonprofits and individual artists, Pentacle’s Financial Urgent Care will now offer pro bono financial assistance for artistic entities with annual operating budgets under $125,000.
Financial Urgent Care was designed specifically to assist artistic entities through extraordinary circumstances such as these. This program is best suited for artistic entities who feel their finances or financial practices need an expert’s eye and someone with advanced Quickbooks accounting software skills. Entities with budget sizes over $125,000 will also have access to the program at significantly subsidized rates.
Please see the chart below for rates:
| Annual Budget Size | Total Fee | Number of Hours |
| $0-125,000 | $0 | 5 |
| $125,001-250,000 | $100 | 3 |
| $250,001-750,000 | $125 | 3 |
| $750,001+ | $150 | 3 |
How it Works:
The artistic entity will undergo a financial assessment with a Pentacle Staff Member, which will help us provide you with a diagnosis and create a customized treatment plan outlining what is necessary to build a strong financial structure. The most common treatment plans will address cash flow issues, the effects of staff changes, and/or the lack of sound financial policies and procedures due to COVID-19. Additional administrative help after the initial number of hours is met can be provided for an additional hourly rate or fee.
Possible Areas of Assistance
Financial Assistance:
- Budgeting
- Cash flow templates and procedures
- Preparation & Presentation of financials for Boards
- Assistance in preparation of grant/loan applications
Bookkeeping Assistance:
- Standardizing and simplifying the Chart of Accounts and Class List.
- Reconciling and writing off unpaid bills (Accounts Payable), expected income (Accounts Receivable) or unpaid taxes (Payroll Liabilities).
- Customer and Vendor list and records standardization and consolidation.
- Correcting coding errors made throughout the year.
For those interested, please fill out this Application Form. Due to the high volume of applications, we will be proceeding on a first come first serve basis.
To learn more about Financial Urgent Care, visit Pentacle’s website by clicking here.
Please contact financialurgentcare@pentacle.org with any questions or concerns.
NEXTSTEPS | 05.01.20
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