Tuesday, August 13, 2013

Workshop: Alternative Sources of Revenue Generation

Tuesday, August 20, 9:30 a.m. - 11:30 a.m.
Columbia College Chicago
33 E. Congress, Room 101
Price: $45 budget < $250k/ $65 budget > $250k or for-profit organization
Click to Register

In an environment where income sources for nonprofit arts organizations are flat lining and often declining, it's critical for groups to think creatively about generating new sources of revenue to ensure near - and long-term sustainability. At this workshop, you'll hear from three organizations at different stages of development that are experimenting with business models that venture beyond the traditional strategies of relying solely on grant support, fundraising events and ticket sales. The case studies presented will include examples of for hire work, rental income opportunities and the counter-intuitive model that has yielded financial growth through free programming.

You'll learn:
- How to reconsider your assets as an arts organization and determine your untapped value;
- How to challenge the traditional ways of doing business in the nonprofit world;
- What the possibilities are for growth relating to contract and commissioned work; and
- What questions need to be considered before testing out a new program.

Kristin Larsen, Executive Director, Stage 773

Alex Balestrieri, Director of Events, Redmoon Theater
Jocelyn Florence, Business Development, Redmoon Theater
Brad Little, Executive Director, Oracle Productions
Anthony Moseley, Executive & Artistic Director, Collaboraction Theatre Company

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