So, what’s the right question? “See what the company looks like with a $6 million budget.” “Okay, but you know the income will take a beating, too.” “See what the company looks like with a $6 million budget.” These were some of the final words spoken to me by a board member at the then-$12 million Alabama Shakespeare Festival. After a whole bunch of years of … [Read more...] about Nonprofit Arts Orgs: If Your Only Answer Is ‘Cut,’ You’re Asking the Wrong Question
Budgeting
Nonprofit Arts Leaders: Just Like the Overhead Myth, Ratios are Ridiculous
Plus: a bonus, non-hypothetical question for you! Now that the end of the fiscal year has passed, and while you're busy toting up the red ink and how you'll hide it from the board and your funders, let's all try not to make the same mistakes regarding your marketing budget for the coming year, okay? This one’s not for the marketing folks. They know what they’re doing. … [Read more...] about Nonprofit Arts Leaders: Just Like the Overhead Myth, Ratios are Ridiculous
Reminder: No One Cares About Your Fiscal Year-End Except You
With June 30 just a couple of weeks away, remember why your donors donate to you If you are a nonprofit leader—executive director, board chair, development director, or another concerned citizen—and you saw the image of June 30 and panicked…relax. I mean, you probably won’t hit your financial goals if the money in hand, the pledges that will in fact be paid, or last year’s … [Read more...] about Reminder: No One Cares About Your Fiscal Year-End Except You