The Theater Budget Summary

In class we discussed a case study called “The Theater Budget” about an organization called Greater Euclid Little Theater, which is a small group of adults staging performances. The organization changed after Cathy Cole, the then newly artistic director was appointed. After Cathy Cole, left her position, Andy Spaulding took on the position as an artistic director. In the case study provided, the case starts with the discussion on increasing salary pay for Any Spaulding, however many board members including Jane Dobbs, the Vice President for Administration and President-elect, David Price, President and Treasurer Nicky Counts all came with the agreement that they were unable to provide the amount of salary Spaulding wanted because of insufficient …show more content…
The not for profit sector not only measures the services that are being provided to the community, but also measures the finances. Without the capital or revenue, the not for profit sector will never be able to run as an organization. For a not for profit organization to run successfully, there are different roles that are needed for an organization to run such as fundraising, policies, strategic plan, a communication plan and many more. But each one of these need finances to ensure that the not for profit sector is running successfully. Finances play a significant role to ensure that assets are being protected and to also ensure adequate resources are being provided that will meet the goals, values and missions of the