Important Financial Management Elements of a Guest Artist Contract

It’s spring, so your artistic operations team might be in the thick of drafting and sending contracts to next season’s guest artists. Regardless of your contracting cycle or when you read this article, here are four important elements of a guest artist contract that your finance team will appreciate having included. Disclaimer: What is a blog post about a legal or financial topic without a disclaimer? This is not legal advice. You should not be ...

Arts Admin, Contracts, Finance

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Budgeting Tip: Separating Types of Expenses in your Chart of Accounts

If your programming runs from fall to spring/early summer, you most likely have a fiscal year that begins in mid-summer, and you most likely are presently in budget season. Here are two quick tips for organizing your Chart of Accounts. What is a Chart of Accounts? A Chart of Accounts is less a chart in the visual sense than it is a list of all the account names your organization uses within its accounting software, ...

Finance

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AmazonSmile Closing on February 20: What Your Organization Should Do Now

Disappointingly to the broader nonprofit community, including many arts organizations, Amazon announced on January 18 that effective February 20, 2023, it is closing its AmazonSmile program. Established in 2013, the program had allowed Amazon users to designate a charity to receive 0.5% of the cost of their purchases. It had been a case study in establishing a “set it and forget it” ancillary revenue stream for charitable organizations. Supporters had only to pick their chosen ...

Development

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