Financial Management for the Arts
No matter what role you play in a cultural organization, understanding the financial foundation is critical to your success and the success of your organization. This course is designed to provide that basic understanding. Using real world examples, you will explore how cultural institutions finance themselves and how they price services, manage funds, and comply with financial laws and practices. Learn how to think critically about an organization’s revenue opportunities, such as admissions, memberships, food services, retail, and intellectual property. You will acquire a basic understanding of cultural organization accounting and its impact on day-to-day decision-making. The role of the board is discussed, as are current trends in institutional financing. The course may include one field trip.
You'll Walk Away with
- Enhanced management skills for use at arts institutions and nonprofits
- An understanding of financial principles