Fiscal sponsorship is a contractual relationship between a 501(c)(3) nonprofit organization and a group or individual whose activities fall within the sponsoring organization’s mission. This relationship enables the 501(c)(3) to extend certain benefits of being nonprofit to the sponsored group, without the group having to go through filing for nonprofit status by itself.
Fiscal sponsorship enables mission aligned groups to share resources, which keeps administrative expenses low and in proportion to the size of each organization.
In other words: Shunpike does the back office work, so groups can spend more time (and money) on their artistic mission.
Are all fiscal sponsorships the same?
Shunpike offers artists three types of Fiscal Sponsorship; Basic, Comprehensive, and Complete. See how they compare:
Basic
Management of tax receipts for donations, facilitate grant eligibility and funding, provide online and event fundraising platforms.
Good For:
Groups with fewer small projects. Established groups comfortable with their own financial management.
Fees:
$100 annual fee + 7% of contributed income to Shunpike
Comprehensive
Management of tax receipts for donations, fundraising eligibility and support, provide online and event fundraising platforms, full-cycle bookkeeping, tax assistance, full administrative and consulting service.
Good For:
Groups with a multitude of projects. Groups looking for administrative and financial services.
Fees:
$150 annual fee + 10% of all revenue to Shunpike
Complete
Comprehensive Services + payroll and HR services, access to health benefits for FTEs.
Good For:
Groups with a multitude of projects. Groups looking for administrative and financial services. Groups with year-round activity, wanting FT employee(s).
Fees:
$200 annual fee + 12% of all revenue to Shunpike
Services Provided | Basic | Comprehensive | Complete |
---|---|---|---|
Secure online donations page | |||
Donation processing | |||
Donor tax receipts issued | |||
Monthly contributed P&L reports issued | |||
Basic grants administration & record keeping | |||
Special event compliance review | |||
Review of fundraising materials/online campaigns | |||
Access to online templates and resource library | |||
Detailed assessment of grant applications | |||
Full-cycle bookkeeping (cash basis only) | |||
Detailed monthly transaction reports | |||
Sales and use tax records filing | |||
Annual IRS filing and distribution of 1099-MISC as required | |||
Annual and/or quarterly business filings | |||
Maintain and administer city business license | |||
Maintain WA state non-profit incorporation status | |||
Non-legal review of contracts and agreements | |||
Research and coordinate insurance coverage | |||
Run state background checks for volunteers & personnel | |||
Provide WA State charitable organization status | |||
Provide payroll and HR service | |||
Provide access to health benefits for FTE’s |
FREQUENTLY ASKED QUESTIONS
Please see the below common questions, or feel free to contact us.