Online Course: Financial Structures and Strategy

Course Description

Intended for those with little to moderate familiarity with financial concepts, this four-week course helps students better understand institutional finance and accountability. Staff, board members, and volunteers will find this course applicable to their work within nonprofit organizations, agencies, and other structures.

“Financial Structures and Strategy” introduces the “big ideas” of organizational financial management: functional accounting, transparency, the annual reporting process, and the relationship between finance and mission. Not only will students learn the basic structures and functions of financial oversight, they will also understand how to activate finance as a strategic tool to benefit organizational planning and evaluation.

Over the four weeks, students participate in dynamic discussions, review relevant and timely readings, and ultimately learn how to prepare and analyze financial systems.

The course is divided into four weekly segments, each accompanied by an online lesson, forum, chat, and assignment:

  • Week 1: Course overview and introduction to financial systems
  • Week 2: Overview of the annual audit process and preparation of financial statements
  • Week 3: Introduction to the IRS Form 990, UBIT, and other tax considerations
  • Week 4: Strategies and recommendations for long-term institutional financial health

Note: The Introduction to Financial Management course presented by AASLH is not required as a prerequisite for this course, though may prove useful in preparation.

Details

COURSE DATES: March 2 - March 29, 2020

COST: $150 AASLH Members / $250 Nonmembers

OPEN REGISTRATION: November 1, 2019 - February 23, 2020; 20 participant limit

REGISTER HERE

Course Logistics

FORMAT: Online, instructor-led, weekly-paced course 

LENGTH: 4 weeks 

PARTICIPATION STYLE: Weekly real-time online office hours; weekly assignments; final course assignment; Students should expect to spend 2-5 hours per week on the course.

MATERIALS: One required text, Financial Fundamentals for Historic House Museums, Rebekah Beaulieu, 2017 (Texts are NOT INCLUDED with your registration. You must order the book separately from the book seller of your choice.) Students should bring real-life financial information to the course to be used in course assignments to create a budget. Students should also have access to and basic knowledge of Microsoft Excel or a similar spreadsheet program as it will be used extensively to complete assignments. Note: all institutional financial information will be kept confidential and shared only with the instructor. 

Participant Outcomes

Participation in this course will help you:

  • Understand basic nonprofit functional accounting systems and the role of financial transparency
  • Structure and execute the annual financial reporting process
  • Analyze financial data according to mission relevance
  • Establish financial procedures to ensure financial sustainability.

Who Should Take This Course

Whether you have financial responsibilities at your organization, wish to build a skill set for a leadership position in the future, or simply want to better comprehend and contribute to financial decision-making, this course is for you.

Instructor

image

Rebekah Beaulieu, Ph.D. is the Director of the Florence Griswold Museum, an art museum, National Landmark historic house, and 13-acres of gardens and grounds in Old Lyme, Connecticut. She serves on the faculty of AASLH’s History Leadership Institute, and is a member of the Association’s Finance Committee. Becky is also a board member of the New England Museum Association and Connecticut Humanities, and was recently appointed an AAM Accreditation Commissioner.

Becky is the author of Financial Fundamentals for Historic House Museums (Rowman & Littlefield, 2017). She holds an M.A in Art History and Museum Studies from the University of Wisconsin-Milwaukee, and in Arts Administration from Columbia University; she earned her Ph.D. in American and New England Studies at Boston University.


White text on a purple color block reads AASLH Online Course Introduction to Financial Management. Behind the color block, there is a closeup of dollar bills.

Online Course: Introduction to Financial Management

An AASLH Small Museum Pro! Online Course

Course Description

Designed for staff and volunteers of all abilities and organizations of all sizes, this four-week course provides an accessible, clear, and even fun introduction to financial concepts. From understanding expenses and income to how to establish an endowment, this course will equip you with a toolkit to engage with finance on your terms and to your ability.

Over the four weeks, students will participate in dynamic discussions, review relevant and timely readings, and ultimately build a real, usable budget tailored to their organization’s needs.  

The course is divided into four weekly segments, each accompanied by an online lesson, forum, chat, and assignment:

  • Week One: Introduction to financial terminology and reporting systems
  • Week Two: Understanding earned, contributed, and investment income; UBIT
  • Week Three: Understanding expenses, cost projections and analysis
  • Week Four: The relationship between finance and mission relevance; financial health

Details

COURSE DATES: January 27 - February 23, 2020

COST: $195 AASLH Members / $295 Nonmembers

OPEN REGISTRATION: November 1, 2019 - January 19, 2020; 20 participant limit

REGISTER HERE

Course Logistics

FORMAT: Online, instructor-led, weekly-paced course

LENGTH: 4 weeks 

PARTICIPATION STYLE: Weekly assignments; final course assignment; elective participation in online real-time chats. Students should expect to spend 2-5 hours per week on the course. 

MATERIALS: One required text, Financial Fundamentals for Historic House Museums, Rebekah Beaulieu, 2017 (Texts are NOT INCLUDED with your registration. You must order the book separately from the book seller of your choice.) Students should bring real-life financial information to the course to be used in course assignments to create a budget. Students should also have access to and basic knowledge of Microsoft Excel or a similar spreadsheet program as it will be used extensively to complete assignments. Note: all institutional financial information will be kept confidential and shared only with the instructor. 

CREDIT: Successful completion of this course (80% or higher) will earn one credit toward the Small Museum Pro! certificate from AASLH.

Participant Outcomes

At the end of this course you will:

  • Understand processes related to budgets and basic financial systems in accordance with best practices
  • Understand institutional financial planning, goal-setting, and analysis
  • Bridge mission- and non-mission-based activities with financial outcomes
  • Feel more comfortable and better equipped to create operational and special project budgets

Who Should Take This Course

Whether you have financial responsibilities at your organization, wish to build a skill set for a leadership position in the future, or simply want to better comprehend and contribute to financial decision-making, this course is for you.  

Instructor

image

Rebekah Beaulieu, Ph.D. is the Director of the Florence Griswold Museum, an art museum, National Landmark historic house, and 13-acres of gardens and grounds in Old Lyme, Connecticut. She serves on the faculty of AASLH’s History Leadership Institute, and is a member of the Association’s Finance Committee. Becky is also a board member of the New England Museum Association and Connecticut Humanities, and was recently appointed an AAM Accreditation Commissioner.

Becky is the author of Financial Fundamentals for Historic House Museums (Rowman & Littlefield, 2017). She holds an M.A in Art History and Museum Studies from the University of Wisconsin-Milwaukee, and in Arts Administration from Columbia University; she earned her Ph.D. in American and New England Studies at Boston University.


Live Webinar: Beyond the Spreadsheet: Finance and Organizational Priorities

Many of us recognize the utility of financial management, but struggle with how to best engage it with other organizational activities like strategic planning, operational needs related to programming and community engagement, messaging, and preparation for institutional change. This webinar helps participants foresee and tackle challenges of incohesive financial planning, such as fragmentation within the institution (the “silo effect”), lack of proper fundraising strategy, and potentially weak and even uncompliant organizational management.

In this 75-minute webinar, instructor Becky Beaulieu, author of Financial Fundamentals for Historic House Museums (Rowman & Littlefield, 2017) will help participants learn to identify financial priorities as they relate to institutional needs and goals. She will also address building buy-in amongst internal and external stakeholders to best position your organization for financial stability and strong partnerships.

This webinar is designed for participants of all levels, including staff, volunteers, and board members.

This webinar is part of the StEPs Lab series of online continuing education offered to both StEPs program participants and all others interested in the topic of financial management. This is StEPs Lab 19.

Details:

DATE: December 12, 2019

TIME: 3:00 - 4:15 pm EASTERN (Remember to adjust for your time zone)

COST: $40 Members / $65 Nonmembers / $15 discount for StEPs participants with promo code found on StEPs Community website

We will record this event. Access the Recorded Webinar in the AASLH Resource Center after the event has passed. Registrants of this event receive complimentary access to the recording in their Dashboard. 

Closed captioning is provided for this event.

REGISTER HERE

Participant Outcomes:

After taking part in this webinar, participants will:

  • Learn how to engage financial systems with organizational planning.
  • Ensure effective alignment between financial best practices and the needs and responsibilities of paid/unpaid staff and board members.
  • Become more familiar with standards related to financial management and learn best practices for meeting those standards.

Speaker:

image

Rebekah Beaulieu, Ph.D. is the Director of Florence Griswold Museum, an art museum, National Landmark historic house, and thirteen acres of gardens and grounds in Old Lyme, Connecticut. Becky is on the boards of the New England Museum Association and Connecticut Humanities, on the faculty of AASLH’s History Leadership Institute, and a member of the AASLH Finance Committee. She is an AAM Accreditation Commissioner and board member for the AAM Historic Houses and Sites Professional Network.


White text on a purple color block reads AASLH Online Course Introduction to Financial Management. Behind the color block, there is a closeup of dollar bills.

Online Course: Introduction to Financial Management

An AASLH Small Museum Pro! Online Course

Course Description

Designed for staff and volunteers of all abilities and organizations of all sizes, this four-week course provides an accessible, clear, and even fun introduction to financial concepts. From understanding expenses and income to how to establish an endowment, this course will equip you with a toolkit to engage with finance on your terms and to your ability.

Over the four weeks, students will participate in dynamic discussions, review relevant and timely case studies and readings, and ultimately build a real, usable budget tailored to their organization’s needs.  

Participant Outcomes

At the end of this course you will:  

  • Understand processes related to budgets and basic financial systems in accordance with best practices  
  • Understand institutional financial planning, goal-setting, and analysis  
  • Bridge mission- and non-mission-based activities with financial outcomes 
  • Feel more comfortable and better equipped to create operational and special project budgets 

Sample Curriculum

  • Week 1: Course overview, introduction to financial terms and definitions, explanation of income and expenses
  • Week 2: Overview of budgets including maintenance and evaluation, financial systems and structures
  • Week 3: The relationship between financial systems and mission, UBIT, and introduction to restricted and unrestricted funds
  • Week 4: Next steps for budgets, the right financial questions to ask and when to ask them​

Texts Used

Required: Financial Fundamentals for Historic House Museums, Rebekah Beaulieu, Rowman & Littlefield, 2017

 Texts are NOT INCLUDED with your registration. You must order the book separately from the book seller of your choice.

Details

COURSE DATES: September 30 - October 27, 2019

COST: $150 Members / $250 Nonmembers

OPEN REGISTRATION: May 1 - September 25, 2019; 20 participant limit

REGISTER HERE

Course Logistics

FORMAT: Online, weekly-paced course 

LENGTH: 4 weeks 

PARTICIPATION STYLE: Weekly real-time online chats (schedule to be determined based on student availability); weekly assignments; final course assignment; Students should expect to spend 2-5 hours per week on the course. 

MATERIALS: One recommended text; students should bring real-life financial information to the course to be used in course assignments to create a budget. Students should also have Microsoft Excel or a similar spreadsheet program as it will be used extensively to complete assignments. Note: all institutional financial information will be kept confidential and shared only with the instructor. 

CREDIT:Successful completion of this course (80% or higher) will earn one credit toward the Small Museum Pro! certificate from AASLH.

Who Should Take This Course

Whether you have financial responsibilities at your organization, wish to build a skill set for a leadership position in the future, or simply want to better comprehend and contribute to financial decision-making, this course is for you. Participants  

Instructor

Rebekah Beaulieu, Ph.D. is the Director of the Florence Griswold Museum, an art museum, National Landmark historic house, and 13-acres of gardens and grounds in Old Lyme, Connecticut. She serves on the faculty of AASLH’s History Leadership Institute, and is a member of the Association’s Finance Committee. Becky is also a board member of the New England Museum Association and Connecticut Humanities, and was recently appointed an AAM Accreditation Commissioner.   

Becky is the author of Financial Fundamentals for Historic House Museums (Rowman & Littlefield, 2017). She holds an M.A in Art History and Museum Studies from the University of Wisconsin-Milwaukee, and in Arts Administration from Columbia University; she earned her Ph.D. in American and New England Studies at Boston University.