Fundraising Events on Form 990

If your nonprofit arts organization hosts any fundraising events (that raise more than $5,000), you will need to complete Schedule G, “Supplemental Information Regarding Fundraising or Gaming Activities,” with your annual Form 990. For reasons of tax law regarding deductibility of charitable donations that are beyond the scope of this article, the way we report the revenue and expenses associated with galas and other fundraising events on Schedule G is somewhat misaligned with how we …

Finance

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Should Your Work Be Protected By An LLC?

Recently Observer posted on a topic well worth considering – artists forming limited liability corporations (LLC) to shield their personal assets from being subject to lawsuits. By separating personal assets like home, car, personal bank accounts, etc., from the entity controlling the ownership and production of professional work, the personal assets are protected from lawsuits due to injury due to a sculptural piece falling, claims of copyright violations, breach of contract etc. Similarly, personal assets …

Legal

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Let’s Talk About Press Kits

Let’s talk about Press Kits. I’ve seen so many artists fumble when it comes to providing a good press kit with the necessary photos or biography needed for a marketer. And it’s not just artists, I’ve worked with agents who are also doing things that are a roadblock to marketers. So let’s look at how you can better market yourself as a performer, composer, or any kind of artist with your Press Kit.

Don’t Be Too Quick To Paint That Mural

One of the ways communities are using arts and creativity to revitalize buildings and downtown districts are murals on buildings. However, not all surfaces are suited for murals. The best intentions of contributing to a more attractive, welcoming streetscape may result in the building owner regretting their decision. The Historic Preservation Commission for Loveland, CO has created a webpage and downloadable publication warning about the damage and potential structural issues that may result in painting the old …

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