Arts and Culture

Arts and cultural institutions are essential to making our communities vibrant. They help provide meaning and fulfillment so that we can all enjoy a better quality of life. Providing this enrichment to our society, however, comes with a cost. Organizations need to plan for years in advance and make critical financial commitments, while being reliant on the generosity of donors. The BPM Nonprofit team is deeply experienced with arts and cultural institutions, helping them navigate the ever changing tides of industry updates and regulations. As the premier nonprofit accountants and consultants, we have worked with a number of world-class cultural organizations of varying types, including:

Performing Arts Visual Arts Museums

Centers for the Arts Festivals

Relying on public support, complying with regulations, building reserves, and establishing sufficient capacity and facilities are just a few of the financial and operational challenges that arts and cultural institutions must face. The BPM Nonprofit team understands the unique business model you have and can help your efforts become more effective. Our range of expertise includes:

Audit Dashboards and Benchmarking Endowments and UPMIFA Alternative Investment Due Diligence Enterprise Risk Management Planned Gifts Capital Campaigns Cash Flows and Projections Pension Audits Art Collections

Tax Unrelated Business Taxable Income Tax-Exempt Bonds Nonresident Alien Taxation IT Services and Outsourcing Cloud Computing Boards and Governance Compensation Planning Sales and Use Tax

For more information on our arts and culture services, e-mail us at bpm@bpmcpa.com