What is Fiscal Sponsorship?
Fiscal sponsorship is a fast and cost-effective way to bring your nonprofit idea into fruition. Fiscal sponsorship is also an excellent way to support one-time fundraising projects. Once an organization becomes fiscally sponsored, the organization is instantly eligible to receive tax-deductible donations, to obtain liability insurance and corporate protection, and enjoy access to our extensive experience and leadership.
Fiscal Sponsorship allows nonprofit organizations to get started fast – without the burdensome task of applying, and then waiting for 501(c)3 nonprofit status with the IRS.
For many organizations, fiscal sponsorship quickly solves a multitude of problems. They stay focused on their programs, freed from the worry of ‘compliance,’ and resting easy, knowing their administrative ‘stuff’ is being safely and efficiently handled for them by their fiscal sponsor.
Inquiring Systems, Inc. (ISI) provides:
- Administrative and regulatory expertise
- Governmental and regulatory compliance
- The corporate shield of protection
- Workers comp and liability insurance (especially important for events)
- Tax-exempt status, tax reporting, and accounting for tax-deductible donations (including audits).
These services can save each project at least $5,000/year. We would love to talk with you about your unique situation. Contact us to learn more about fiscal sponsorship opportunities with ISI.
Q: How do I know if my organization is right for fiscal sponsorship? Or if ISI can help my organization?
A: ISI is happy to provide a complimentary assessment of your situation, either over the phone or in person at our offices in Sonoma, CA. We will look at your mission statement, or give you guidance if you haven’t written one yet. Based on our discussion, we will offer our assessment of the best next step for you on your journey.
Q: How is ISI different from other fiscal sponsorship, training & consulting services?
A: We are a small and friendly group. With almost 40 years of experience in the nonprofit world! You’ll get to talk with real people, and have extensive conversations about your unique situation. ISI uses a unique ‘Inquiring Systems’ approach to problem-solving. We have a systemic approach to understanding and managing ecosystems (nonprofit and for-profit organizations ARE ecosystems) that involve asking lots of questions. This helps us determine what resources might work best for your group. We have lots and lots of resources!
Q: What does it cost?
A: It depends on which services you contract with us to receive. Our base rate for Fiscal Sponsorship services is 7% of revenues. Plus we have a start-up fee of $750. The fee may be split into payments, if needed.
Q: How do people learn about ISI?
A: We are known almost exclusively through word-of-mouth referrals. Plus a few have now found us on the Internet. Satisfied clients have referred over 98% of our 3600 clients to us over the years. ISI has been in business since 1978 and has a long successful track record of providing comprehensive, beneficial services. In addition to over 3600 clients, we have also trained over 26,000 senior executives and board members in our workshops.
Q: Can we get a grant or financial support to cover the cost of your services?
A: Over the years, foundations have occasionally provided technical support grants to help cover the cost of our services. Because we use very detailed contract language, outlining the full scope of services and costs in our contracts, foundations can easily evaluate the services and benefits provided by ISI.
Please contact us for more information our services and learn more about how we can offer real help right away.