Sunday, July 22, 2-5pm
& Sunday, July 29, 2-5pmat Intersection for the Arts
925 Mission Street, San Francisco
Sliding scale $20-$80 per session
Free for EAP Fellows
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This workshop is provided in two parts. In our first session on July 22, we will review the differences between cash and accrual accounting and financial statements: Balance Sheets, Income Statements, and Statements of Cash Flows. In the second part we will learn how to analyze these statements so you can determine the viability of an organization and its projects, and make projections for future years.
The discussions in the second session on July 29 are extremely important in creating a long-term plan. Too often, nonprofits make the mistake of creating budgets on the fly: organizations create balanced budgets one or two months prior to the new fiscal year. Such a document becomes useless in the case of economic booms and busts. Solid financial planning gives a nonprofit the tools to make decisions.
You will gain the most from the second session if you are able to bring 5 years of financial data from your organization. This can come in the form of Cultural Data Project, Annual Reports, or IRS 990s. All nonprofit 990s are available through guidestar.org (registration is free). Please remember that analysis and forecasting requires 5 years of data. Participants without access to historical data will use a sample set.
You are welcome to participate in only one of the two sessions, but encouraged to do both!
About the Instructor
THERESE F. MARTIN is a management consultant and professor of management and finance. She has worked, consulted, and lectured in the fine arts sector and has overseen multi-sector projects and served on numerous boards of directors and on panels for the City of San Francisco and San Francisco Unified School District’s Visual and Performing Arts Office.
She was the executive director | chief executive officer of ArtSpan, a San Francisco visual arts nonprofit, where she executed turnaround and re-organization. She was the development director of Young Audiences of Northern California. She will serve as a faculty senator at Golden Gate University in 2012-2014 and has served as the treasurer | board member of the Association of Fundraising Professionals; as secretary | board member of Oasis for Girls, a young women’s resource organization; and as the treasurer | executive committee member of the Arts Providers Alliance of San Francisco, a consortium of arts education providers. Prior to nonprofit work she was a project manager in the publishing industry and art consultant.
Ms. Martin is a doctoral candidate at Golden Gate University and was a 2010-11 Fellow with the Emerging Arts Professionals of San Francisco. She holds an MBA in Executive Business Administration from Golden Gate University, a Certificate in Fund Raising Management from the Center on Philanthropy at Indiana University, and a BFA in Art History from the University of Kansas.
