Focus Areas
Accounting and Financial Reporting, Financial Planning and Analysis, Nonprofit Governance, Vendor and Contract Management
About
Eric Joseph Rubio is a nonprofit and arts management professional originally from Chicago, and now based in Washington, DC. He has served in staff and leadership roles with churches, schools, and arts organizations in the Chicago, South Florida, and Washington, DC areas. Eric is a proud alumnus of the Wheaton College (IL) Conservatory of Music, and is an occasional freelance writer across a variety of platforms.
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Article Archive
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…
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…
Worth a Look for Arts Organizations: Small Business Travel Rewards Programs
If you ever have employees or artists traveling to or from your organization’s home city, your organization should be earning small business travel rewards whenever possible. Many hotel chains and airlines have rewards programs specifically for business entities that are separate from the loyalty and rewards programs for the individual traveler. The good news is that both the traveler and the business or organization that pays for the travel can earn rewards…
A Simple Way to Distinguish Contractors’ Pay from Reimbursements
Many arts organizations will have artists as well as other vendors that need not only payment for their service fees, but also will incur various reimbursable expenses while providing their contracted services. Artists performing for you but who are based in other cities will have travel expenses. Even if airfare, hotels, and rental cars are paid directly by the producing organization, expenses like rideshares or gas for the rental car, and checked…
Are You Ready For Mastercard’s New Recurring Payment Rules?
Earlier this fall, Mastercard issued new rules for merchants processing recurring credit card charges on its network (essentially, merchants who process recurring charges to a Mastercard-branded credit card, regardless of the issuing bank). As originally announced, these new rules would have presented extra and potentially burdensome administrative work for small nonprofits, including arts organizations, that have recurring monthly donations (though enforcement for the recurring donation case was due to begin later than…
A Quick Solution To The Problem Of Missing Credit Card Receipts
We’ve all been there, on one end of the conversation or the other: it’s the end of the month and the finance team is missing receipts for charges on company credit cards. Cardholders get a list of undocumented purchases and begin the scavenger hunt. Some are easier to find and forward to bookkeeping, such as online purchases that had an email receipt. Perhaps it was a recurring charge for some software or…
Keeping Your Books Audit Ready
For arts managers outside the finance team, the idea of an audit may seem either terrifying or mundane. Even some inside the finance teams, of organizations of all sizes, the annual external audit process can consume a significant portion of staff time and mental energy for several months of the year. The external audit process results in a document known as the audited financial statements, which provides a professional opinion that the…
Bridge the Board And Management With A Working Committee Structure
“I just love board meetings!” said no arts (or any other kind of) manager ever. While I can’t promise you will actually start to say that, I can offer a model that I’ve seen work well in my own organization following its recent adoption. This model will make your governance structure more useful and palatable to all involved. In centers on the presence of a robust committee structure sitting in the space…