Our Services to...

Arts, Entertainment and Museums

ODMD has served cultural institutions for many years and today counts a number of such organizations among its not-for-profit clients. These entities range from small performing arts groups to organizations with full season programs. The firm’s clients in this sector also include several museums ranging from large arts museums to science and historic centers and focused collections.

The firm’s involvement with the Cultural sector provides ODMD partners and staff an opportunity to identify problem areas specific to those organizations and to develop solutions targeted to those issues and needs.  ODMD professionals can assist with the accounting and controls for admissions and ticketing, gifts and donor restrictions and compensation issues surrounding artistic and other staff.  They can also provide guidance in developing stronger internal controls and minimizing operational risk.

Cultural institutions today face many challenges to the successful exercise of their mission and charitable objectives.  ODMD can assist you as you navigate

• an increasingly complex economy and volatile investment marketplace
• the ever present need to attract visitors and enhance their experience
• the ever increasing competition for charitable resources both human and monetary

Services we currently provide to cultural institutions include:

Annual Reporting

Taxation

• Annual exempt organization filings (Form 990, etc)
• Payroll tax compliance reviews
• Staff  compensation tax planning
• Unrelated business income planning
• Application for exempt status
• IRS and State tax representation
• Fund-raising tax issues
• Tax structuring for controlled affiliates
• Executive benefits planning

Investments

Organizational and Operational Consulting

The ODMD Not-for-Profit team is your bridge between the requirements of today’s world and your organization’s goals and objectives.

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