Manager, Arts & Business Council of Greater Houston
During the month of April, the Arts & Business Council of Greater Houston (ABC) has encouraged arts and culture organizations to establish and maintain healthy financial habits. We've shared articles and research, held workshops, matched organizations with financial mentors and posted a few blogs, including a test to measure your knowledge of financial literacy.
Financial Literacy for the Arts is a principal program under the ABC dedicated to providing ongoing opportunities for arts administrators and board members to increase their financial acumen. This spring, the program piloted a series of workshops addressing nonprofit accounting and tax related topics. Over 50 individuals participated, representing 35 organizations ranging from start-ups to the well-established with budgets totaling more than $30 million in revenues. In addition to offering this series again in early 2016, the ABC will add evening workshops programmed specifically for board members and a workshop focused on topics surrounding the financial aspects of banking.
If you feel your financial management skills are in tip-top shape, but are looking to increase your knowledge, read what it takes to become a financial leader in An Executive Director’s Guide to Financial Leadership by Kate Barr and Jeanne Bell. In this article you will find eight tips on transitioning from a financial manager to a leader, including tips on how to engage your board.
Although National Financial Literacy Month is coming to a close, it’s important for organizational leadership to continue to increase its knowledge related to all things financial and encourage colleagues and staff to do the same.
Thank you to all who joined us in April!