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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 […]

Wpg Exchange banner

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 […]

Bustling crowds watching a Fringe Festival concert in Old Market Square

Summer in the Square

Every spring Winnipeg’s Exchange District experiences a transformation from cool-weather commercial/residential district to warm-weather central gathering district. The energy level grows as the landscape gets greener and the clothing gets lighter. At the heart of that energy is the Old Market Square, which has been waiting, by this time, for six or seven months to […]

photo by Leif Norman

Executive Director Posting

After eight years at Artspace, I’m moving to Victoria B.C. I have truly loved my time at Artspace and the opportunity to serve as its Executive Director has been a time of real growth for me. I will miss the great Artspace team and being at the heart of Winnipeg’s creative centre. The search is […]

candy shelf with half-filled jars by Leif Norman

How to read Financial Statements (Part 1 – Basic Profit & Loss)

So you’re at the board meeting of your favourite organization and the treasurer passes around a copy of the latest financial statements. Everyone gives them a respectable two minutes of silence, a few nods of the head, and then looks expectantly at the treasurer, hoping she will say everything is fine because no one wants […]

Artspace earns Imagine Canada Accreditation

Artspace is pleased to announce that we have achieved accreditation from Imagine Canada’s Standards Program. To achieve this accreditation, an organization must demonstrate excellence and compliance in seventy-three standards in the areas of Board Governance, Financial Accountability and Transparency, Fundraising, Staff Management and Volunteer Management. Working through the comprehensive accreditation process has been a terrific […]

New wheelchair elevator installed at Artspace

Artspace has installed a new elevator-style wheelchair lift in its Exchange District heritage building. The new lift, located at the King and Bannaytne entrance,  is a much needed improvement over the existing rail-lift at the Arthur and Bannatyne doors. “The new elevator-style lift is significantly more robust and user friendly than the rail-style lift that […]