Please join us for a live chat about how your organization can make use of the CARES Act with Sibi Thomas, a Partner in the Nonprofit, Government & Healthcare Group at Marks Paneth LLP, and our CEO Jim McCarthy on Wednesday, April 15 at 4:00pm Eastern/1:00pm Pacific.  An expert in accounting, auditing, tax and consulting experience in the nonprofit industry, Thomas will provide an overview of the CARES Act and what applies to small businesses and the live entertainment industry....

Read More

Happy #TBT. To celebrate, we’re sharing an oldie-but-goodie post from Jim: The 4% Rule. For nonprofits in the live entertainment business, I’d like to suggest that no donor make up more than 4% of your total budget. This is a percentage that a lot of wealth managers set as the maximum you should hold in any one stock, and while there’s nothing magical about this number, you’ve got to put a line in the sand somewhere, and here’s where I suggest it...

Read More

Happy #TBT. To celebrate, we’re sharing an oldie-but-goodie post from Jim: A Nonprofit Doesn’t Have to Lose Money. Technically, the main difference between a nonprofit organization and a for profit one is that a nonprofit can’t distribute its “surplus” (aka, profits) to shareholders. In other words, investors/donors can’t expect any money back from their investment. But that surplus can be “reinvested” in things like salaries, buildings and new programs, and often is. Or it can be retained for future use. There’s no...

Read More

Everyone wants "Butts in the Seats," which makes that phrase such as a fitting title for Joe Patti's blog. Patti, currently the Director of the Vern Riffe Center for the Arts at Shawnee State University, presents his musings on practical solutions for arts management. He covers a wide range of topics, from contract law, marketing and human resources to grant writing and the philosophy behind ticket pricing. Here, we asked Patti to share his thoughts on the three biggest...

Read More

Happy #TBT. To celebrate, we’re sharing an oldie-but-goodie post: Closing the Barn Door Before the Horses Leave.   The following post is by Kara Larson who, along with Barry Kahn, is one of the people I consider to be the smartest and most experienced in thinking about dynamic pricing. Different from Barry, Kara’s experience with dynamic pricing is as a marketer for various performing arts venues, including Carolina Performing Arts (University of North Carolina). So, with no further delay, take it...

Read More

Before we once again ask, “What Is the Best Broadway Can Be?” on Monday, February 23, 2015, at New World Stages, we’re asking our TEDxBroadway 2015 speakers to tell us a little more about themselves. Emily Simoness is the founder and executive director of SPACE on Ryder Farm, a nonprofit artist residency program committed to supporting and developing artists and their work. Housed on 130 acres of organic farmland in Brewster, NY, SPACE has quickly become one of the premier...

Read More