The Arts & Business Council of Chicago convenes a monthly morning gathering for arts administrators to discuss topics and share ideas relevant to the business of art. Breakfast Club supports leaders and staff of nonprofit arts organizations through informal peer-to-peer sharing, casual facilitated conversation, and information dissemination.
Join us Tuesday, May 1st from 8:30-9:30am.
Topic: Making Money
Say it again for the people in the back. Nonprofits can make money! The nonprofit sector often carries a stigma of unprofitable, but business planning is just as important for nonprofit organizations as it is for any business or corporation. Sustainable nonprofits don’t wait around for the next big grant or angel donor. They create several diverse revenue streams to support the organization’s financial well-being. Join Breakfast Club: Making Money to connect with peers over successes and strategies in creating mission-driven generated revenues.
A cereal bar, tea, and coffee will be provided.
Looking forward to seeing you there!
The Arts & Business Council of Chicago reserves the right to cancel or re-schedule any Breakfast Club for which registrants will receive a full refund.
No refunds are issued for cancellations. No refunds are issued for “no shows.”
Tony Award-winning Steppenwolf Theatre Company was born from an idea a couple of former high school classmates had to produce a play in a suburban church. Four-time Grammy award-winning ensemble, Eighth Blackbird, have called Chicago home since 1996. With the right foundation in place, the growth potential for Chicago arts organizations just like yours is immense.
In Arts Administration 101, smARTscope Consultant Lisa Tylke will guide emerging arts organizations through two key pillars of stability: understanding the roles and responsibilities of a board of directors and concept development for the artistic and administrative visions of organizations. These pillars are vital for mastering the basics; understanding who you are, what you do, and how you do it.
This Learning Lab is most appropriate for emerging organizations that have:
- Unpaid or stipend-payed staff and artists
- A few sources of contributed income
- Hands-on Boards of Directors that fulfill administrative roles and do minimal fundraising
- Average budgets of $0 – $100,000
- A strong desire to grow and develop!
A superb board member brings a wealth of time, treasure, and talent to an organization. So why do we continue to evaluate and prospect board members strictly on financial capacity? If a board of directors is to reflect the community it serves, the sector must consider more equitable models of assessment.
Arts & Business Council of Chicago Executive Director Kristin Larsen will present her innovative, point-based, assessment model for boards of directors. Larsen – with A&BC Board Governance Chair and COO of HBR Consulting, Evan Trent – will guide you through using game theory and a points-based evaluation system to reduce anxiety around giving capacities and create an equitable board of directors that is welcoming to marginalized groups.
In practice, Larsen has seen this fresh accountability system increase committee participation, mobilize current board members to prospect new members and donors, and ignite a sense of self-governance that reduces stress and time for the Executive Director. You’ll leave this lab with an action plan to define the entire scope of what your board of directors can bring to the organization and design your own point-based assessment model that’s not all about the give/get.
Leaders in non-profit organizations – board members, executive directors and everyone else – should be comfortable asking for money. But, too few of them are actively doing it.
In this fast-paced, interactive session, fundraising veterans Christopher Jabin and Charles Katzenmeyer will offer a practical framework for identifying and cultivating prospective donors, engaging them in the work of your organization, getting the meeting, and finally, making the ask.
Participants in this Learning Lab will understand how to:
- Identify prospective donors for a non-profit organization
- Build cultivation efforts that help move distant prospects toward being top prospects
- Request and structure a solicitation meeting
- Make the ask and answer potential objections
- Close a gift and begin donor stewardship
Nonprofit organizations are born from creative ideas and passions for social good. To execute your mission and create real impact, you need to have a business plan. A business plan is your guide to defining your organization’s identity, developing solutions to your problems, and setting and measuring goals. You don’t need an MBA to run a successful organization, but you do need a plan to manage finances, be accountable to your vision, organize your team, and generate revenue and control expenditures to keep your ideas and passions alive. “Building the Nonprofit Business Plan” will help you do just that!
Instructor: Irv Michaels, Founder – Michaels Consulting, Ltd.
Click here to read Irv’s bio.
Learning objectives include:
- Define your identity in the marketplace and your “problem worth solving”
- Gain a clear understanding of your product / service and its relevance in the market
- Explore financial aspects of the plan: developing generated revenues and necessary expenses
- Learn the importance of setting goals, measuring results and responding to inevitable changes
Irv Michaels majored in accounting at college where his interest in the arts grew. His first job post-college was at Chess Records, where he worked as an administrator and nascent record producer. This led him to the intersection of traditional and creative businesses. He practiced at a local CPA firm, attaining senior partner status, serving entrepreneurial businesses. He 1986, Irv founded Michaels Consulting, Ltd., providing financial, business development, technology and human resources advice to graphic design firms, architecture firms and other creative organizations. The firm’s focus is to help creative businesses thrive.
Certifications: C.P.A.; Strategic LivePlan (business planning application) Expert Advisor; QuickBooks ProAdvisor; TSheets Pro Certified
Memberships: American Institute of Certified Public Accountants; Illinois CPA Society; Chicago Creative Coalition; Art Institute of Chicago; Business Solutions Network
Tuesday, April 2 from 9:00am – 12:00pm
Wednesday, April 3 from 9:00am – 12:00pm
QuickBooks Online gives you many ways to improve your accounting efficiency and choose the processes and reports that are most important to your nonprofit organization. This hands-on Learning Lab will show you tips and shortcuts that’ll help you cut down on time spent working, while maximizing the accuracy of your accounting.
- Overall settings and structure
- User access
- Memorized and automated transactions
- Banking downloads and account reconciliations
- Clients vs. vendors
- Detail vs. summary transactions
- Payroll setup, timesheets, and processing
- Importing options to reduce data entry (i.e. from third-party payroll, PayPal, etc.)
- Exporting data
- Financial reports and notes
- Audit preparation and attachments
And more! This Learning Lab is limited to 10 people. Registration will close once capacity is reached. Attendees must be available for both sessions.
Instructor: Yvonne Afable
Managing Partner, Accounting
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Yvonne P. Afable is the Managing Partner of Accounting Services for Afable Consulting LLC, a firm providing accounting and technology support to not-for-profit organizations and small businesses. She earned her Bachelor’s degrees in Accounting & Finance from DePaul University and is a Certified Management Accountant. After starting her career in public accounting, she decided to focus on the nonprofit industry and joined the management staff of American College of Surgeons and Rotary International.
For the past 18 years, she’s been consulting with nonprofit organizations and small businesses, helping them understand and tell their financial story. Using Intuit/QuickBooks and Sage products, she and her team offer services to meet each client’s needs: accounting system set-up and training, bookkeeping services including payroll processing, audit preparation, financial reporting and analysis, and documentation of fiscal policies and procedures.
Yvonne serves as Treasurer on the board of Kartemquin Educational Films and teaches the Financial Management course at the School of Art Institute and Zumba at LA Fitness, South Loop. She resides in Chicago, with her partner, Jose-Albin D. Afable. They have three children (Nicole, Gabrielle, and Justin) and two dogs (Kona and Kai).
What function does the annual budget play in your organization? What decisions should a board make in setting or approving an annual budget? Although budgeting is a central duty for many boards, the answers to these questions can vary between organizations and different perspectives can lead to confusion and conflict. This Learning Lab will explore several frameworks for organizational budgeting and practices that can make the budget a more useful tool for planning and accountability throughout the year. This will include the processes of creating, approving, monitoring, and amending a budget.
Who should attend:
- Executive Directors & Finance Staff
- Board Members & Finance Committee Members
What you’ll learn:
- How board and staff can create, approve, monitor, and amend a budget;
- How your budget can be used as a tool for planning, reporting, control, and accountability; and
- Who among board and staff hold responsibility for these functions.
Instructor: Corrigan Nadon-Nichols / Corrigan Consulting
For more information, and accessibility accommodations, email Braden Cleary at firstname.lastname@example.org or call 312.372.1876 x 105.
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Corrigan helps people create healthy organizations where they can achieve their shared goals. He has assisted dozens of groups through initial formation, start-up, growth, and recovery phases. He provides training and consulting for boards to improve financial, management, and governance systems that suit the unique context and goals of each organization.