Defined as “...the practice and profession of organizing, resourcing, and delivering the arts to audiences...support artists in their work with money, space, and time, while ensuring audiences can access their artistry vis marketing, structure, and opportunity.”
What is Arts Management?
It provides the overarching direction for the organization's purpose
What is the mission statement?
It is how we serve our community
What is programming?
In the for-profit world we might called these people 'investors' but they're known as this in the non-profit sector
It is the first principle of arts management
What is focus on the art?
It shares the communications priorities
What are the values or the values statement?
This type of organization showcases work created by external artists and/or companies
What is a presenting organization?
The two types of "funds" and organization's money can largely be divided into
What are restricted and unrestricted funds?
These documents detail how the organization is to be run and governed
What are bylaws?
The name of the IRS designation under which most arts organizations are filed
What is 501(c)(3)?
It communicates the intended impact and ethos of the organzation
What is the vision statement?
This type of organization shows work that is created 'in-house'
What is a producing organization?
This 'year' tracks money across time
What is a fiscal year?
This form should be filed with the IRS each year to report on an organization's activities and finances
What is a form 990?
These are the dates of the most common fiscal year organizations follow
What is July 1st to June 30th?
This type of organization offers space for programs to happen, with little to no financial share
What is a hosting organization?
Name one of the five key programming guides
What is substance, money, marketing, space and production, or personnel?
A template for a certain type of event that we can use to forecast expenses and income from previous
What are typologies?
This is the notion that because you've already spent money on something that you should keep investing in it
What is the sunken cost fallacy?
The two elements that "meld" in arts management
What are business and creativity?
These are not "givens" for an organization's sustained existence
What are values?
The term used to describe when a program has enough money to move forward
What is capitalization?
Things a company owns that adds to its value
What are assets?
Other than the bylaws and articles of incoporation, every non-profit must have this in order to be recognized by the IRS
What is a board of directors?