The Role of Marketing in Achieving and Maintaining Financial Health of Nonprofit Arts Organizations: The Case of the Symphony Orchestra Sector

2016 ◽  
pp. 831-832 ◽  
Author(s):  
Theresa A. Kirchner ◽  
Edward P. Markowski ◽  
John B. Ford
Keyword(s):  
Symphony Orchestra ◽  
Arts Organizations ◽  
Financial Health ◽  
Nonprofit Arts

scholarly journals Nonprofit Arts Organizations’ Pursuit of Public Interests: The Role of Board Diversity

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Young-Joo Lee
Keyword(s):  
Nonprofit Organizations ◽  
Racial Diversity ◽  
Arts Organizations ◽  
Board Governance ◽  
Public Interests ◽  
Board Diversity ◽  
The Public ◽  
Nonprofit Boards ◽  
Nonprofit Arts

Abstract Although nonprofit organizations are expected to contribute to public interests, their tax exemption does not necessarily entail serving the broader public. What, then, makes nonprofit organizations orient their work externally, serving the broader public, instead of internally, pursuing private goals? This paper examines this question by studying the link between nonprofits’ board governance, with a specific focus on boards’ racial diversity, and their contribution to public interests. The analysis of the 2015 US Local Arts Agency Census reveals that boards’ racial diversity is closely related with nonprofit arts organizations’ participation in serving the broader public through civic engagement and community development activities. The findings offer insights on how nonprofit boards, which are neither publicly elected nor publicly accountable, can be trusted to attend to broader issues of the public interest.

How Nonprofit Arts Organizations Sustain Communities: Examining the Relationship Between Organizational Strategy and Engagement in Community Sustainability

2019 ◽  
Vol 50 (3) ◽  
pp. 244-259
Author(s):  
Alisa V. Moldavanova ◽  
Nathaniel S. Wright
Keyword(s):  
Nonprofit Organizations ◽  
Research Question ◽  
Organizational Strategy ◽  
Arts Organizations ◽  
Community Sustainability ◽  
Arts And Culture ◽  
Nonprofit Arts ◽  
Scholarly Discourse ◽  
The Relationship

This article investigates the relationship between several elements of organizational strategy and arts and culture nonprofits perceived contributions to community sustainability. We ask the following research question: What are the drivers of arts and culture nonprofits’ engagement in community sustainability? Drawing on data collected from a survey of 175 nonprofits in the state of Michigan, this article reports the findings about arts and culture organizations perceived engagement in community sustainability and factors that may foster or inhibit such engagement. The study advances our understanding of the role that nonprofit organizations play in fostering local sustainable development, and it also informs broader scholarly discourse on the role of arts and culture organizations in a society.

The Effects of Capital Campaigns on Local Nonprofit Ecologies

2018 ◽  
Vol 47 (3) ◽  
pp. 645-656 ◽  
Author(s):  
Joanna Woronkowicz
Keyword(s):  
Nonprofit Organizations ◽  
Internal Revenue Service ◽  
Arts Organizations ◽  
Natural Distribution ◽  
Capital Campaign ◽  
Internal Revenue ◽  
Capital Campaigns ◽  
Short Period ◽  
Distribution Of Resources ◽  
Nonprofit Arts

When charities launch capital campaigns, they hope to attract large amounts of resources in a relatively short period of time; however, other charities in the area are likely to see such campaigns as disruptive to the natural distribution of resources to area nonprofits by disproportionately directing area donations to a single organization. This study seeks to understand the effects capital campaigns have on both the fundraising performance of other nonprofits and the makeup of a local nonprofit ecology. The analysis uses data from a randomly sampled set of nonprofit arts organizations that had capital campaigns for facilities projects between 1994 and 2007 and Internal Revenue Service Form 990 data on 501 (c) (3) nonprofit organizations in each county. The results illustrate that a capital campaign positively affects the fundraising performance of other charities in a local nonprofit ecology, but that campaigns decrease the size of a local nonprofit ecology.

scholarly journals Reporting companies’ performance – in respect of the international financial reporting standards (IFRS)

2013 ◽  
Vol 7 (4-5) ◽  
pp. 107-112 ◽  
Author(s):  
Ildikó Dékán Tamásné Orbán
Keyword(s):  
Financial Reporting ◽  
Evaluation Method ◽  
Great Influence ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Health ◽  
Financial Reporting Standards ◽  
Globalizing World ◽  
Rule System

The role of information became more important due to rapidly changing technical conditions, market and economic regulations in our globalizing world. Several regulations tend to provide the framework for reporting performance and income of the companies, but in different statements performance is inconsistently presented and many kind of evaluation method exist in the practice. These facts led to the demand of properly assess the financial health of an organization, and created a commonly accepted rule-system, which name was International Financial Reporting Standards (IFRS). In this paper I tend to present the statements, definitions and factors, which can have great influence in representing the performance, income of the company in the frame of the IFRS, and reveal the differences between the other accounting regulations (EU directives, Hungarian Accounting Act) in this field.

scholarly journals The Role of Psychological Well-Being and Life Satisfaction in Perception of Daily Stress

2018 ◽  
Vol 26 (4) ◽  
pp. 8-26
Author(s):  
L.A. Golovey ◽  
M.D. Petrash ◽  
O.Y. Strizhitskaya ◽  
S.S. Savenysheva ◽  
I.R. Murtazina
Keyword(s):  
Life Satisfaction ◽  
Perceived Stress ◽  
Well Being ◽  
Daily Hassles ◽  
Subjective Well Being ◽  
Life Domains ◽  
Financial Health ◽  
Satisfaction Scale ◽  
Psychological Well Being

The present paper considers daily hassles in different life domains, reveals their connections to the level of strain and perceived stress, investigates the role of psychological well-being and life satisfaction in the perception of the number of stressors and strain caused by stress. Methods: Inventory of daily stressors (Petrash et al.), Scale of perceived stress (Ababkov et al.), Psychological well-being scale (C. Ryff), Life satisfaction scale (E. Diener), a survey on satisfaction with different life domains. Sample: 334 adults aged 20—60 (118 males, 216 females). Results revealed hassles in all the life domains. Most pronounced hassles in women were those related to health, loneliness, competitiveness, job; most pronounced hassles in men were job-related, financial, health and family stressors. Perception of daily hassles was associated with an increase in the levels of stress overstrain and perceived stress. The number of stressors and the level of overstrain was higher in women. Psychological well-being, subjective well-being, and financial satisfaction were shown to be direct positive predictors of the number of perceived hassles and the level of overstrain.

scholarly journals Single Carrot Theatre: Financial Crisis Leads to Artistic Pivot

2021 ◽  
Vol 3 (1) ◽  
pp. 12-16
Author(s):  
Stephanie Chin ◽  
Sidney Pink
Keyword(s):  
Undergraduate Students ◽  
Financial Risk ◽  
Learning Objectives ◽  
Financial Sustainability ◽  
Arts Organizations ◽  
Artistic Vision ◽  
Instructor's Manual ◽  
Business Structure

This teaching case study examines how Single Carrot Theatre in Baltimore, Maryland used adaptive capacity, leadership structures and risk assessment to implement a large organizational and artistic pivot. The case study is designed for undergraduate students to analyze how an established arts organization in financial risk can pivot from a traditional model to an innovative business structure while managing financial sustainability, audience growth and artistic vision. The Instructor’s Manual includes learning objectives, sample questions and additional resources to guide discussion around organizational culture and the important role of artistic vision in arts organizations.

The Role of Collaboration to Encourage Civic Engagement through the Arts

2017 ◽  
pp. 476-498
Author(s):  
Tina Dippert ◽  
Erna Gelles ◽  
Meg Merrick
Keyword(s):  
Arts Organizations ◽  
Arts Funding ◽  
Collaborative Relationships ◽  
Art Programs ◽  
Universal Language ◽  
The Arts ◽  
Governance Challenges ◽  
Diverse Community ◽  
Relevant Community

Historically governments have used art's universal language to achieve various goals, including political engagement through cultural enrichment. Employing nonprofit/public sector relationships for the arts presents myriad governance challenges, but always with the promise of intrinsic and extrinsic benefits. This chapter presents two cases to illustrate such collaborative relationships. Applying various nonprofit theories, stakeholder discussions and Sherry R. Arnstein's still relevant community engagement work to explore relationships between sectors in arts funding, the first involves the passage of a local tax to provide funding for arts education and arts organizations. The second illustrates an instrumental relationship between a local government and nonprofit to provide art programs to promote tolerance in an increasingly diverse community. Both cases present imperfect policies, but represent the continuation of an ancient practice wherein the arts are being used for more than arts' sake, but to serve a multitude of non-arts instrumental societal functions.

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