The foundation behind any successful nonprofit lies in linking business practices to the missions and goals of the organization. Stephen Covey says, “A mission statement is not something you write overnight…But fundamentally, your mission statement becomes your constitution, the solid expression of your vision and values. It becomes the criterion by which you measure everything else in your life.” Learn the necessary skills for day to day management of arts organizations. This course begins with a focus on formulation of a mission statement: the guiding principle behind and organization and its activities. Explore how goals and objectives are logically formulated from the mission statement and learn the difference between the mission and purpose statements.
All businesses and organizations must be financially viable to exist. The next necessary component of this course dives into the importance of financial documents for nonprofits. Nonprofit and arts leaders must use key financial documents, such as budgets, to assess the health of an organization and aid in decision-making. You will learn how to read and create basic financial documents and how to conduct simple research to find pertinent information to complete activities and explore other nonprofits across the country.
Through this course, you will be able to:
• Formulate effective mission statement, goals, and objectives for an organization.
• Find important information on a 990 Form and formulate documents using that information.
• Complete basic financial documents and relate the information in them to decision-making.
• Complete an annual budget.
• Understand the difference between an income statement and a balance sheet.
• Compile a cash flow report.
• Find information about an organization using GuideStar.
• Reflect your learning through a Leadership Report.
Noncredit courses do not produce academic credit nor appear on a Colorado State University academic transcript.
Textbooks and Materials
Required texbook - Brindle, M & DeVereaux, C (2011). The Arts Management Handbook: New Directions for Students and Practitioners. Abingdon: Routledge. ISBN-13: 978-0765617422
In addition to managing arts organizations, Constance DeVereaux has worked as an arts management consultant, arts advocate, and researcher. She brings both applied and philosophical dimensions to the program, and is an international expert in arts and cultural policy. She served as a Fulbright Senior Specialist in both policy and management at universities in Finland, South Africa, and Romania. DeVereaux created the arts management master's program at Claremont Graduate University and the arts management minor at Northern Arizona University, and is the former director of the arts administration program at Shenandoah University. She also lectures internationally on arts management and policy topics and is a frequent presenter at international conferences. Her research interests include cultural citizenship and the arts, culturally sustainable entrepreneurship, arts management practices, and everyday aesthetics. In addition to her academic pursuits, DeVereaux is an award-winning feature reporter for public radio.