Finance
Paycheck Protection Program Introduces Exclusive Period For Smaller Businesses
Fri, Feb 2, 2021
by Drew McManus
President Biden announced that through Tuesday March 9, 2021 the Small Business Administration (SBA) will exclusively accept applications for Paycheck Protection Program (PPP) loans from businesses and nonprofits with fewer than 20 employees. During the 14-day exclusive period, financial institutions are still allowed take and review applications from all size small businesses, but they will
AFM-EPF Drops the Hammer
Thu, Jan 1, 2020
by Drew McManus
While it comes as no surprise, the recent announcement from the American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) heralding massive cuts to member benefits is sure to bring more than its fair share of angst among AFM members who are part of the plan. While the plan has to be approved by the
The Problem With Nonprofit Arts Admin Pay
Tue, Jul 7, 2019
by Drew McManus
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
A Question Of Systemic Debt In Baltimore
Fri, Jun 6, 2019
by Drew McManus
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
Define That: Total Fiscal Transparency