Fiscal Sponsorship: What and Why?

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Starting a 501(c)(3) nonprofit is a bit like jumping into the deep end of the pool. It’s a lengthy and involved process that isn’t a fit for every charitable project. And, it could turn out that you don’t enjoy swimming. Or maybe the water is too cold. But once you start a nonprofit, you’re already in the water and have no choice but to swim. Fiscal sponsorship is a great alternative. Find out more about fiscal sponsorship and whether is a good fit for you!
  1. Propel Nonprofits
  2. Fiscal sponsorship
  3. starting a nonprofit
  4. starting a 501c3
  5. Propel Nonprofits
  6. alternatives to starting a 501c3
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Very helpful and simply presented. Thank you--will be in touch!

jonnythegreek
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Our org is exploring utilizing a project fiscal sponsor while awaiting recognition by the IRS as a 501(c)3. We are incorporated as a not-for-profit corporation in NY and just about to file our 1023. I'm having trouble finding information on how we would account for monies received through such a sponsorship, which I believe is a Model C Fiscal Sponsor. Can you point me to any accounting resources that describe the tax treatment of such income on a 990?

energizedlives