Last week was a abuzz with Philadelphia Orchestra Association (POA) bankruptcy news at the Philadelphia Inquirer. It published op-ed articles on 5/18/2011 about the POA’s bankruptcy decision from board chair Richard B. Worley and musician spokesperson and cellist John Koen. On 5/19/2011 classical music critic Peter Dobrin posted a commentary piece that cast reservations on the POA’s recent “Listen With Your Heart” campaign but perhaps the largest cause for concern came on 5/22/2011…
Finance
Louisville Makes Payroll While Syracuse Sweats
News out of Louisville indicates that although the Louisville Orchestra (LO) musicians were initially only paid a portion of the compensation owed following the bankruptcy ruling last month, the orchestra is now looking to receive advances against future seasons’ endowment allocations from the organizations that govern the orchestra endowment…
Louisville Musicians Begin Branching Out
According to a report from Elizabeth Kramer in the 1/18/2011 edition of the Louisville Courier-Journal, the musicians of the Louisville Orchestra (LO) have restructured the existing nonprofit players’ association into “Keep Louisville Symphonic,” (KLS) an organization the musicians describe as “[preserving] the artistic excellence and essential tradition of great music provided by the Louisville Orchestra musicians.”…
If It Were Only That Easy
It has been making the rounds throughout the culture blog circuit all week but in case you haven’t seen it already, there’s a wonderful piece of satire at The Nonprofit Quarterly titled A Strategic Nonprofit Reorganization Plan that deals with the frustrations many arts organizations experience when playing the grant application game. On a more serious note, the piece serves an excellent vehicle to explore one of the topics that will …
BOOM Went The Gavel
It happened so close to the New Year holiday you may have missed it but the decision by Judge David T. Stosberg denying the Louisville Orchestra’s (LO) filing for Chapter 11 bankruptcy as means for temporary relief from its collective bargaining agreement (CBA) is, to put it mildly, a big deal. At the same time, it hardly serves as the final punctuation in the narrative that is the LO’s financial condition…