Financial Planning

Help Mission Bit improve their ability to predict the financial impact of changes in their funding and expenses, so that they can effectively plan for the future and avoid surprises.
Mission Bit
San Francisco, CA, USA
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Mission Bit
San Francisco, CA, USA

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Finance

Posted January 10th

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)
Additional Details

SLIGHTLY DIFFERENT FROM PROJECT TEMPLATE: I am looking for a writer and facilitator for a financial literacy workshop for college students. We would like to include topics such as building credit, getting approved for a loan, finding scholarships, and handling debt after graduation. This workshop will be offered to current college students, most of whom go to school in California.

What We Have In Place
  • We currently have a general financial literacy slide deck which could help you to get started.
    We also have staff that can facilitate the training if you are able to help us out with specific financial literacy information for college students!
How This Will Help
This project will save us $14,474 , allowing us to focus on speaking with our students and alumni directly to determine their needs and interests and searching for more opportunities and resources for them.

Mission Bit offers free coding classes to high school students. We now connect with our alumni, most of which are current college students, to provide ongoing support and resources. We aim to serve the whole student/person.

This project will help our alumni to become better at managing their finances in and after college!

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 & 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

Mission Bit
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Our Mission

Mission Bit is dedicated to inspiring and empowering students to unlock their full potential. We build professional pathways for under resourced high school youth across the SF Bay Area by making computer science more accessible through our free project-based courses.

What We Do

Mission Bit provides free after-school coding courses, workshops, and summer bootcamps to high school students from underserved and underrepresented communities. We offer our students a field trip to a Bay Area tech company, career and college advising related to the technology field, and an opportunity to showcase their group projects to a large community of supporters during our Demo Day event at the end of the term.

Our program's inclusive community fosters positive relationships between students, their peers, and our experienced classroom leaders. Mission Bit brings like-minded individuals together to form long-lasting meaningful connections and gives students all the tools they need to succeed in the tech industry.