Performing Arts Specialization
We Set The Stage For Performing Arts Success!
Passionate about performing your financial functions so you can succeed!
We help arts organizations prioritize the efficient use of resources!
Since before the Medici’s were the patrons of DaVinci and Michelangelo, the arts have had limited resources, an over reliance on donors, and a need to manage the efficient use of resources.
For over 30 years Performing Arts organizations have relied on YPTC to read and interpret the story the numbers tell to provide a clear path for creativity and achievement of mission.
We create space for your creativity by providing customized ongoing and interim accounting and Controller/CFO solutions, as well as specialized services, including:
Reporting
We work with you to develop financial reports and visualizations that are meaningful for management and the board. Our Data Visualization team can even build dashboards to track progress towards your DEI goals, ticket sales, community engagement, financial results, and grant reports. We are also familiar with all of the additional note disclosures, such as venue leases and prepaid marketing expenses, required for your audited financials and will help you track this information to stay audit ready year-round!
Revenue
We provide analysis for managing advancement and ticket revenue to help you maximize your revenue diversification. We ensure your donor restricted revenues are tracked properly, so that you can ensure optimal donor stewardship and management. We are experts at the complexity of revenue recognition, especially from subscriptions, single tickets, special events, and donor restricted and conditional grants.
Technology
We can help you get the best financial information from your accounting system, patron and donor management software, and other software applications. We ensure your data and reporting matches across all your systems!
We also improve the efficiency and timeliness of your reporting by providing process improvements and recommending and implementing automation solutions.
Budgeting and Forecasting
We understand that you must plan multiple years/seasons into the future and then continuously update those forecasts. We take the burden off of you and train your team to become expert budgeters and support them until they are. We understand that cash forecasting and budgeting is even more important when you are building and marketing productions far in advance of ticket revenue or receiving grants and contributions to support them.
Rely on our talent, so you can develop and realize the full potential of your talent!
Close The Curtain On Having to Do It All
Now more than ever, performing arts leaders are often expected to maintain this level of influence in their communities with limited resources.
To accurately tell the organization’s financial story, you need the tools, expertise, and financial leadership that a nonprofit financial expert provides.
YPTC's first clients were Arts & Culture nonprofits, and we've been clearing a path for your creativity for 30 years!
Check out our Mission Business Podcast episodes featuring two performing arts clients:
Read a few of our performing arts client testimonials:
Justine Townsend, Manager, and Leader of YPTC's Arts & Culture Specialization
Justine Townsend, CPA, is a lover of the arts and has worked with many arts organizations, she is also an adjunct professor of Financial Management of the Arts for the University of Houston’s Master of Arts Leadership program. She has served in financial leadership roles and as an auditor for nonprofits for over 16 years. Justine uses her in-depth knowledge of nonprofit financial management and passion for service to the arts, to assist arts organizations achieve their missions.
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