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
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.
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.
More information coming soon!
Instructor: Kelsey Riley
Kelsey Riley is an independent event, marketing, and project management consultant who helps brands and organizations tell stories, impact people, leverage relationships, and increase brand awareness.
Having years of experience in communications, event management, and marketing, she has lent her services to Art of Culture, Inc. (formerly known as Donda’s House), an arts education non-profit as Social Media Manager. She has provided provide project-based consulting services to creatives, organizations, and brands based in Chicago and remotely as well. Past clients include Contexture TV, Vic Mensa, Red Bull’s 30 Days in Chicago, Vocalo Radio 91.1 FM and currently include Chicago Public Schools. She has also contributed to digital publications including Blavity, My Creative Connection and more on various topics such as #BlackLivesMatter, and emerging icons in pop culture. She has been honored for her commitment to using her platform for advocacy and social justice by Rolling Out, her alma mater’s alumni chapter, the Chicago Alumnae Chapter of Delta Sigma Theta Sorority, Inc. and more. Among these honors, in 2016, she was selected to be a Social Media Ambassador for the 2016 Aspen Institute Symposium “State of Race” in Washington, DC.
In recent years, she has contributed to Twitter chats for blkcreatives (“Social Media + The Revolution”), facilitated workshops at Social Media Week, and has been featured as a panelist for events that spark invigorating dialogue on various topics including branding strategy and the entrepreneurship journey. An emerging visionary and cultural entrepreneur, identifying as queer, Kelsey continues to advocate for the support of Black and Brown LGBTQIA+ creatives in Chicago and beyond. She is also an advocate for self-care and mental health awareness as a survivor of sexual assault and domestic abuse. You can find on her Twitter and Instagram @KRileyTips. You can also follow the hashtag #krileytips across social media platforms.
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 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, this fresh accountability system increases committee participation, mobilizes current board members to prospect new members and donors, and ignites 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.
Kristin Larsen rejoined the Arts & Business Council of Chicago in 2017 after serving as Director of Programs in the early aughts. Prior to returning to A&BC, Kristin was Executive Director of Stage 773 (2013-2017), a performance venue in Lakeview and Executive Director of Remy Bumppo Theater Company from 2002 to 2012. From 1995 to 2000 Kristin was a business representative with Actors’ Equity Association after many years of being an Equity Stage Manager. Kristin has her BFA in production management from The Theatre School, DePaul University and her MA in facilitating organizational effectiveness in the arts from DePaul University’s School for New Learning. Kristin serves on Americans for the Arts Private Sector Council, The Actors Fund Central Region Advisory Council, Pivot Arts Advisory Council and volunteers with DePaul’s Alumni Sharing Knowledge program and the Joseph Jefferson Awards Committee. Kristin is an active member of the Unitarian Church of Evanston.
More information coming soon!
Instructor: Vanessa Abron
Agency Abron Public Relations
Vanessa Abron is a public relations professional with expertise in securing positive media coverage for brands in national and local media outlets such as Good Morning America, Extra, The Insider, The Huffington Post, The Breakfast Club, the Associated Press, and ABC News to name a few. Some of her past client work includes, but aren’t limited to, Aflac, Illinois Lottery, Chicago 2016, Pringles, Adidas, Salesforce.com, ComEd, American Optometric Association, Mercedes-Benz, Nike, Interscope Records, Def Jam Recording, Virgin Records and Reebok. Vanessa’s experience represents a broad range of public relations initiatives in a variety of industries, making her a valuable asset to any campaign. She accredits her success on her passion for continuously building positive relationships with a broad spectrum of individuals combined with her steadfast commitment to ensuring that the media, community and the client all receive mutually beneficial rewards from any project.