by Pentacle-nextSteps | May 1, 2024 | Taxes
Key Differences Between a Financial Audit & Financial Review A financial audit and review are two different types of financial assessments conducted by professionals to evaluate the accuracy and completeness of financial statements. The main difference between an...
by Pentacle-nextSteps | Apr 23, 2024 | Institutional Funding, Making Money in the Performing Arts
Tips for Obtaining Institutional Funding Development & Fundraising through Institutional Funding Everyone needs money, and if you are an artist, nonprofit, or dance organization, a good chunk of your income is probably raised through fundraising. In the nonprofit...
by Pentacle-nextSteps | Jun 27, 2023 | Rehearsal Spaces
How to rent studio spaces for discounted rates Rent Studio Space at a Discounted Rate Fiscal sponsors typically rent studio space at a discounted rate through negotiations and partnerships with landlords, property owners, or organizations that have available space....
by Pentacle-nextSteps | Jan 13, 2022 | Accounting for the Performing Arts, For 501(c)3 Arts Orgs, For Arts Administrators, For Individual Performing Artists
Understanding a Balance Sheet What is a Balance Sheet? A Balance Sheet is a financial statement that summarizes the company’s assets, liabilities, and equity at a specific point in time. The Balance Sheet is an essential tool used by organizational leaders, Board of...
by Pentacle-nextSteps | Jan 7, 2022 | Accounting for the Performing Arts, For 501(c)3 Arts Orgs, For Arts Administrators, For Individual Performing Artists
Understanding A Profit and Loss Statement What is a Profit and Loss Statement? A Profit and Loss Statement (P&L) is a financial statement that measures the revenues, costs, and expenses incurred over a specific accounting period. P&Ls reflect an organization’s...
