In 2011, the Nonprofit Finance Fund (NFF) launched the second year of an initiative to strengthen the nation's leading arts and cultural organizations. NFF has provided members of TCG, Dance/USA, and the League of American Orchestras with financial guidance, tools, training, and support to address the challenges precipitated by the economic downturn. The services offered were customized based upon need.
NFF Professional Development Program Services' information is posted on the NFF Group website where you can find general information, updates, and the ability to register for upcoming events. If you are a TCG Member Theatre and would like to access the NFF Group website, please email Ilana Rose.
All of the NFF Professional Development Resources were generously funded by MetLife Foundation.
One-hour webinars are available to download and focus on key areas of financial concern. Webinars are not "live."
This webinar discusses the basics of how endowments relate to theatres. The webinar provides some useful tips on deciding whether or not an endowment is right for your theatre as well as offering some alternative ways to help strengthen your theatre's capital structure.
Endowments and Capitalization is available for download.
This three-part webinar demystifies the various fundraising and financing strategies available to pay for a facility project. Learn how acquisitions can have impact on your organization's mission, programs, structure, operations, fundraising and financial health. Topics include: planning for your upcoming project and understanding its impact on your organization; the relationship between operating, project and fundraising budgets; an overview of cash flow statements; and the lending process and various financing options.
Session 1: Impact on Operations - How to understand the impact of a project on the current operations of your organization.
Session 2: Building the Project - How to create and manage the critical budgets of a facility project. Session 3: Financing Your Project - How to pay for your project using several different financing sources and how to understand the loan underwriting process.
If you are a TCG Member Theatre and would like to access the NFF Group website, please email Ilana Rose.
While it is commonly assumed that strategic alliances always involve mergers, there are many options that not-for-profits can use to develop partnerships to help them achieve mutual goals. Mergers and alliances are powerful leadership tools that can greatly support common mission by building organizational strength. Participants will learn how to use a nationally-recognized framework to decide what type of collaboration to pursue, and they will be better equipped to discuss options for collaboration with other not-for-profits.
The purpose of this webinar is to increase the comfort of not-for-profit managers and board members in reading and interpreting not-for-profit financial statements. Learn to balance your organization's mission with its financial realities. You will receive a crash course on interpreting your financial statements to reveal the business underpinning your programs; follow a real-life not-for-profit case study, with financial information drawn to demonstrate how the choices you make impact your organization's financial health and viability; and review the use of financials in articulating your resource needs to stakeholders.
For the corresponding study guide click here.
This webinar provides participants with tips and tools to understand how to appropriately plan and monitor cash needs by analyzing your incoming and outgoing cash including a detailed lesson on how to use a monthly cash flow projection.
This practical webinar provides participants with tips and tools to lead their organizations during challenging times. Using real world examples, NFF offers guidance to enhance staff's understanding of the interplay between financial risk, revenue reliability and fixed costs. It also reviews how this information can be used to inform planning and decision-making organization-wide.
This practical webinar will offer nonprofit leaders the insight and tools on how an organization is assessed for credit-worthiness, how to leverage financial information for communicating the organization's financial needs and repayment strategies to creditors and how to manage credit effectively.
NFF workshops offered members of TCG, Dance/USA and League of American Orchestras a wide range of services that helped them stay in balance and in business. In these interactive workshops, organizations of various sectors, sizes and situations learned how management and financial decisions affect their mission and health.
These half-day workshops were designed for executive directors, senior level staff and trustees and engaged participants in how to incorporate financial goals into planning for a vibrant and viable future. Using real-life case studies, NFF offered interactive exercises to help staff develop financial plans that considered current financial dynamics, underlying business models and the full cost of providing healthy artistic programming.
Registration is closed.
NFF Office Hours was a free consultation service available to TCG Member Theatres to discuss an array of financial topics including: financial basics, optimizing the value of financial reporting, financial planning and financial strategy. A limited number of these one-on-one coaching sessions were available to our members.
(No longer available for download.)
The purpose of this webinar was to learn how an organization is assessed for creditworthiness and how an organization is assessed in its ability to qualify for and access credit. At the end of the webinar, not-for-profit managers and board members were more comfortable understanding how their organizations could consider various credit scenarios and identified the various approaches available for their non-profits.
This half-day workshop was designed for TCG Member Theatre executive directors, senior level staff and trustees and engaged participants in a discussion about how to incorporate financial goals into planning for a vibrant and viable future. Using real-life case studies, NFF offered interactive exercises to help staff develop financial plans that considered current financial dynamics, underlying business models and the full cost of providing healthy artistic programming. This practical symposium offered not-for-profit leaders the insight, tools and guidance they needed to better understand the revenue and expense drivers of their annual operating budget.
Chicago, IL NFF Faculty:Kayla RosenbergJina Paik
San Francisco, CA This workshop was held at the World Affairs Council of Northern California. NFF Faculty: Brian Ramos Jessica LaBarbera
New York, NY This workshop was held at the Bank of America Tower. NFF Faculty: Emily Guthman, Associate Director Kayla Rosenberg, Manager Jina Paik, Associate
Boston, MA This workshop was held at the Nonprofit Finance Fund New England office. NFF Faculty: Jessica LaBarbera, Associate Director, Northeast Region Sandi Clement McKinley, Associate Director, Advisory Services
New York, NY This workshop was held at the Desmond Tutu Center. NFF Faculty: Bill Holmes, Associate, Advisory Services Renee Jacob, Associate Director, Advisory Services Jessica LaBarbera, Associate Director, Northeast Region
New York, NY Fall Forum Pre-Conference 2009Strategic Financial Planning: Tools for Assessing and Addressing Risk This workshop was open to all attendees of the 2009 TCG Fall Forum on Governance. It was designed for not-for-profit theatres and engaged senior level staff and trustees in a discussion about the financial realities of meeting their missions during an economic crisis. Using real world examples, NFF offered interactive exercises to enhance staff's understanding of the interplay between financial risk, revenue reliability and fixed costs. It was also discussed how participants could make better plans and decisions for their theatres with this information. NFF Faculty: Emily Guthman, Associate Director, New York Program Renée Jacob, Associate Director, Advisory Services