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Revision of Fiscal Sponsorship from Wed, 2011-09-14 10:33

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Fiscal Sponsorship

Learn about how to get your space non-profit status on day one, so you can take grants and donations.

501(c)3 status is incredibly helpful when trying to make a difference in the world. It makes it easier for people to donate money to your cause, to qualify for most grants, gives you access to an incredible set of resources, and blahdeblah. But it's also difficult to come by  - lots of paperwork, lengthy process, and the cost of operations can make 501(c)3 status not worth the effort for smaller organizations.

Fiscal sponsorship allows a larger organization to umbrella smaller organizations. Your organization gets all the benefits with far less hassle. The School Factory not only tracks useful information for space facilitators and community teachers, but also provides this fantastic resource. We'll even help with the paperwork and tax filings - we take a very small cut (10%) of large donations to pay lawyers and accountants so we can keep working on the projects we care about.

 

1Review the [nodepicker==node/29091==Understanding%20the%20Fiscal%20Sponsorship%20Agreement==Understanding%20Fiscal%20Sponsorship] document so your board understands the implications and limitations of Fiscal Sponsorship.
2Download, fill out, and have your Board President sign the [nodepicker==node/7133==Fiscal%20Sponsorship%20Agreement==Fiscal%20Sponsorship%20Agreement] and [nodepicker==node/7132==Fiscal%20Sponsorship%20Policies==Fiscal%20Sponsorship%20Policies] PDFs. Email them to sponsor@schoolfactory.org. We will sign the documents and email you a copy.
3Complete the steps to [nodepicker==node/28985==Getting%20involved%20with%20Space%20Federation%20/%20Using%20this%20OpenAtrium==sign%20up%20on%20this%20OpenAtrium%20site] so we can communicate with your space.
4Schedule an introductory conference call with your board and School Factory management to learn more about how to use your Fiscal Sponsorship.
5Use the Donation Form to log any cash or item donations you receive. We will take care of receipts!

If you have any questions or need help, please Create a Case in the [nodepicker==node/28985==Getting%20involved%20with%20Space%20Federation%20/%20Using%20this%20OpenAtrium==project%20you%20created%20for%20your%20space] and assign to James, or feel free to call our main number at any time with your questions.

Referenced by Last post Author
Fiscal Sponsorship and Group Exemption Wed, 2012-06-06 14:52 James Carlson
Space Federation
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