by pennextsteps | Apr 23, 2024 | Budgeting
How to Create an Operating Budget An Operating Budget in the Performing Arts An Operating Budget differs from a Project Budget in that it takes into account all of your project budgets, fundraising budgets, and general operating budgets in one report. This type of...
by pennextsteps | Apr 23, 2024 | Accounting for the Performing Arts, Budgeting
How to Complete a Cash Flow Statement What is a Cash Flow Statement? A Cash Flow Statement is a financial statement that tracks the movement of a company’s cash over a selected period of time. This is an all-inclusive statement because it includes the inflow and...
by Pentacle-nextSteps | Apr 23, 2024 | Become a 501(c)3 Non-Profit in the Performing Arts, Become Fiscally Sponsored in the Performing Arts, Fiscal Sponsorship, What is Fiscal Sponsorship?
When to Choose Fiscal Sponsorship Over 501(c)3 Incorporation If you have a short-term or one-time project, or are just starting out as a creator, incorporating as a 501(c)(3) is not the most practical or cost-effective way to incorporate. Instead, fiscal sponsorship...
by Pentacle-nextSteps | Apr 23, 2024 | Fiscal Sponsorship, What is Fiscal Sponsorship?
History of Fiscal Sponsorship Where does Fiscal Sponsorship in the United States Come From? Fiscal sponsorship, the practice of one nonprofit organization providing administrative and financial support to another organization or project that lacks 501(c)(3) status,...
by pennextsteps | Apr 23, 2024 | Become a 501(c)3 Non-Profit in the Performing Arts, Choose A Structure
What is a C-Corp? What is a C-Corp, and how does it differ from other types of corporate structures? A C corporation (C corp) is defined as a legal business entity that is taxed separately from its owners or shareholders. This includes performing arts entities. Often...
