Conference Review: SphinxConnect
In late January 2024, your correspondent attended the Sphinx Organization’s SphinxConnect in Detroit, Michigan. The conference is billed as “the largest and longest-standing convening dedicated to diversity and inclusion in classical music” and there were over a thousand people gathered in Detroit with many more viewing plenary sessions and other selected portions of the conference online. The streamed content should be available for on-demand viewing at Sphinx’s YouTube channel later this winter. This review consists solely of my ...
Level Up the Net Assets Portion of Your Balance Sheet
Accounting software will come “out of the box” with at least two accounts within the Equity (or Net Assets, in nonprofit terminology) section of your Statement of Financial Position (also called the balance sheet): Retained Earnings and Net Revenue. In a nonprofit context, Retained Earnings might be renamed Unrestricted Net Assets. None of the day-to-day bookkeeping entries, whether logging a ticket sale, a donor pledge, the collection on that pledge, an artist’s fee payment, the ...
Depreciation Basics for Non-Profit Arts Organizations
Depreciation, in the accounting sense, is the bookkeeping process of lowering the value of something that your organization owns over time. It is generally applied to physical or tangible objects that an organization uses long-term. Disclaimer: What is a blog post about a legal or financial topic without a disclaimer? This is not legal advice. You should not be getting your legal advice from a blog post. The purpose of this post is to give ...
IKR? I'm keeping an eye on it and if Chrome releases an update that returns the ability to adjust the…