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Before the SingingStructuring Children's Choirs for Success$
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Barbara Tagg

Print publication date: 2013

Print ISBN-13: 9780199920686

Published to Oxford Scholarship Online: May 2015

DOI: 10.1093/acprof:osobl/9780199920686.001.0001

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Finances

Finances

Chapter:
(p.60) 5 Finances
Source:
Before the Singing
Author(s):

Barbara M. Tagg

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780199920686.003.0006

This chapter suggests ways a nonprofit children’s choir or youth choir organization can successfully navigate the financial world. When a new choir is established, artistic planning should be accompanied by responsible financial planning while a solid financial structure is necessary to sustain it. Managing balance sheets, revenue streams, grant writings, audits, and annual budgets is important in securing a strong financial structure for the choral organization. The founding director will likely have a good understanding of what specific resources will be needed because he knows what the vision will be for the choir.

Keywords:   financial planning, balance sheets, revenue streams, grant writing, audits, budget, financial structure, resources

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