Define That: Total Fiscal Transparency

Adaptistration People 175

There’s a fascinating article by Charles T. Downey in the 8/12/19 edition of Washington Classical Review that examines the ongoing Baltimore Symphony Orchestra (BSO) lockout. Downey suggests that in order for the organization to maintain artistic integrity while addressing existing economic conditions, the BSO’s executive leadership must “establish total financial transparency.” That’s a superb suggestion and one that has certainly assisted with not only resolving pending labor disputes (Metropolitan Opera Orchestra) …

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The Problem With Nonprofit Arts Admin Pay

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There’s an excellent article in the 6/12/2019 edition of fastcampny.com by Ben Paynter that examines two recent studies on nonprofit staff compensation. Spoiler alert: both studies uncovered ample evidence that compensation is a strong pain point among most employees. Compensation is a regular topic here at Adaptistration and back in 2016, we conducted a survey of orchestra and opera staffers and managers to help determine the how and why behind orchestra …

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A Question Of Systemic Debt In Baltimore

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There’s a fascinating article in the 6/25/2019 edition of The Baltimore Sun by Mary Carole McCauley that begins to draw lines supporters use to align themselves with one stakeholder or another in the Baltimore Symphony Orchestra’s (BSO) ongoing lockout. Specifically, the article examines the recent spike of annual debt over the last 19 months and the impact it has on day-to-day cash flow. The [BSO] owed its vendors $2.1 million as …

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Thinking Outside The Piggy Bank

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Just a quick post today as I’m still playing catch-up after being away for part of last week. Fortunately, quick doesn’t mean insignificant as the topic I want to toss out is related to pensions. In light of the ongoing Chicago Symphony Orchestra work stoppage that hinges on the orchestra’s pension plan, I wanted to point out there is an alternative to traditional defined benefit and defined contribution pension plans: the …

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Are You Straight On How The New Tax Laws Impact Valuating And Acknowledging Donations?

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I won’t even pretend to have a comprehensive understanding of how the new tax laws impact a nonprofit’s requirements for valuating and acknowledging donations. Fortunately, Joe Patti recently published an article at ArtsHacker that covers several points of contact that should serve as good places your organization should to begin having these discussions with your accountants and attorneys: Acknowledging Donations Deducting Benefits Be Careful With Donor Advised Funds Acknowledging Other Things …

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