Pittsburgh Post-Gazette: Hard times can make it harder for small nonprofits to stay afloat, but five small arts groups in Pittsburgh have found a creative way to collaborate by sharing the services of a certified public accountant.
Since 2014, these groups with annual budgets of about $1 million have relied on the expertise of Rebecca McNeil, who has shown her clients the life-changing magic of tidying up their budgets.
2 comments:
I was recently introduced to the concept of businesses coming together to form a new company that is separate from their original company or -like the example explained in this article- companies coming together to share resources. With all of the progression in things having to do with conservation of resources and efficiency, I think that this new occurrence for many companies is a step in the right direction. It is always a good idea for any group to get feedback and helpful tips from other groups with different experiences. Especially companies that are considered part of the artistic community just because these companies gain revenue in the same way and interact with similar communities and financial problems. The work that Ms. McNeil is doing sounds extremely organized and helpful to these companies as well. I think its great to see research of the financial situations put in simpler terms. If a company is struggling in a financial situation or simply confused by it all, I think combining with others in the same situation would be very beneficial.
Yes. This is excellent. I think it is vitally important that arts and other smaller non-profit organizations find ways to share resources. Not only does it build a supportive community across organizations with shared missions and outlooks (ex: Ms. McNeil suggesting PICT share space with the Union Project,) it helps them run leaner.
I have admittedly little experience or expertise, but I think many non-profits, including artistic ones, would benefit from leaner operations and a focus on non-traditional, creative solutions. The implementation of new technology, shared space, shared consulting, shared resources or reuse of resources, and inter-community promotion are all helpful.
It’s also interesting to me that the article focuses on sharing a financial resource - a CFO. So many non-profits scrape and struggle by because they always prioritize their mission above financial efficiency. Kudos to these organizations for investing in financial resources that will help them further their cause in the future.
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