Upcoming Programs

From Red Ink to Rethink:
Managing your way through a deficit
Textile Museum of Canada, Toronto, ON
Monday, June 16, 2008, 9:30 a.m. to 4:30 p.m.
Registration Fees: $150 OAAG Members / $195 General (lunch included)

Content Contributor: Heather Young, Accountant, Young Associates

Registrants are required to bring a calculator to the workshop.

Program Summary
From Red Ink to Rethink will provide gallery directors, managers, administrators, and bookkeepers the ability to recognize a deficit within their institution and some of the possible solutions to address the problem.

Topics for the day include:

Nuts & Bolts
- What’s the difference between an operating and an accumulated surplus/deficit?
- Where would I see these things on my financial statements?
- How do I report them on grant application financials?

How Bad Is Bad?
- How severe is my organization’s situation? How can I tell if it’s a crisis?
- What does it cost to carry a deficit?
- How long does it take to eliminate a deficit?

Communicating The Problem
- Who needs to know ­ and when?
- How can I communicate disappointing financial results in an effective way?
- How much detail do I need to release?

Solutions
- Bottom line fixes
- Cashflow fixes
- Financial statement fixes
- How to buy time to manage the situation while I plan the solution

Presenter Heather Clara Young has worked in the field of arts management for close to twenty years. Her experience includes leadership roles with a variety of arts service organizations, theatre and dance producing companies, facilities, festivals and community organizations, in both professional and volunteer capacities.

Heather teaches accounting and financial management to diploma and continuing education students in Humber College’s Arts Administration programs. Heather was a 2004 recipient of Humber College’s Continuing Education Award of Excellence for Outstanding Academic Contribution.

Her company, Young Associates, founded in 1992, provides consulting, financial management and bookkeeping services to both not-for-profit and commercial arts and cultural organizations.

To register, please contact Shay Gibson, Membership and Publications Coordinator through his email at members@oaag.org. You can also reach him by telephone at (416) 598-0714.

2008-2009 Membership

- Revised 2008-2009 Membership Fees - click here for details

The Ontario Association of Art Galleries was established in 1968 to encourage the ongoing and cooperative development of Ontario's public art galleries,art museums, community galleries and related visual arts organizations. Incorporated in Ontario by letters patent in 1970, and registered as a charitable organization, OAAG aims to serve and represent all of Ontario's public art galleries as essential and valued cultural resources.

OAAG'S MISSION

• To establish and uphold the highest standards for the care, preservation, and presentation of the visual arts in Canada;
• To support public access to the visual arts in communities throughout Ontario;
• To develop programs which enlarge knowledge, understanding and enjoyment of the visual arts;
• To foster positive and responsive relationships with the public, volunteers, cultural trustees, granting agencies, all levels of government and the media;
• To promote art gallery and cultural work as valuable professions;
• To publicly recognize high achievement in the visual arts.

OAAG gratefully acknowledges the financial support of its members, donors, corporate sponsors.