How Financial Statements Are Born
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If you have been in a meeting about the financial status of your organization and are confused about the differences between balance sheet, cash flow statement and income statement when they are mentioned, you aren’t alone. Even if you have taken an accounting class, you may have a little trouble reconciling what you learned with the non-profit approach to finance. A few years back, the Non-Profit Finance Fund conducted a webinar for the Theatre Communications ...
You Might Get Hurt: Volunteer Waivers
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I have often told my siblings that if they committed action I found offensive, there would be consequences. When I was forced to make good on my threats and they went crying to our parents, sometimes I would be vindicated, sometimes I would get punished. The same sort of situation exists in regard to volunteers and waivers/releases you have them sign. (Except presumably you aren’t threatening to beat up your volunteers.) According to lawyer Ellis ...
UPDATE: Get Ready for New Wage Rules
In October, 2015, I wrote an ArtsHacker article about new proposed overtime limits and wage rules. In May, 2016, the Department of Labor released the finalized rules which will go into effect on December 1, 2016. Since these new rules have the potential to affect millions of employees, particularly those who work in arts nonprofits, it’s important to take a look at them. As the regulations stand right now, workers must earn $23,660 per year or more ...
IKR? I'm keeping an eye on it and if Chrome releases an update that returns the ability to adjust the…