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photo by Leif Norman

The Board’s Employee

Most not-for-profit Boards have only one employee – the head staff person. The rest of the organization’s employees do not report to the Board and the Board has no role in managing or directing any other employees. This head staff person can have various titles: CEO, Executive Director, Executive Producer, General Manager etc. This person […]

KingRyan

The King Building Reborn

  Our Market Square neighbourhood is rich with stories. 104 King, directly across from Artspace, was designed and built in 1895 to house one of Winnipeg’s largest shoe retailers – Thomas Ryan Boots and Shoes. The owner became one of the most successful shoe retailers in 19th century Canada (known far and wide as “The […]

road sign beware of teeter totter

Why is it called a balance sheet?

Remember playing on the teeter-totter when you were a kid? I don’t know about you, but I always ended up stuck in the air, held up by my big brother who would not let me down until I cried, “Charlie Brown, Charlie Brown, Let me down!” He’d respond with, “What will you give me?” and […]

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Old Buildings, New Life

Artspace is now 30 years old. Happy Birthday to us! By contrast, the building that houses Artspace – The Gault Building – is 116 years old. The fact that it is still a vital part of downtown life is really quite remarkable. The original tenant, Gault Brothers Wholesalers, passed into history in the nineteen seventies […]

3 shelves of candy jars by Leif Norman

How to read Financial Statements (Part 3 – Balance Sheet)

Oh balance sheet, you poor misunderstood creature. How often are you ignored? So often! And so sad because the balance sheet is absolutely crucial when trying to answer that most common question: Are we ok? Too often we turn to the Profit and Loss statement to answer all our financial questions, but the P&L cannot […]

sequence of blue glasses 5 small one tall

Simple (not easy) step towards great governance

The Board of Directors can be the bane of an arts and cultural organization’s existence or, in rare circumstances, the proverbial wind beneath its wings. The Board can lift up an organization’s mission or suck up valuable time, energy and resources without adding anything but fulfilling the requirements of the corporations act. So how do […]