Fiscal Sponsorship Overview
A Fiscally Sponsored Program is the product of an agreement between an established 501c3 public charity and a small group of individuals who are interested in soliciting donations and grants but lack their own unique tax-exempt status. Under this agreement, a program manager, or the person responsible for the small group of individuals, works with the non-profit to help achieve their mission. The program manager or person responsible for the small group of individuals is the representative of the sponsored organization.
Key Benefits of Using a Fiscal Sponsor:
Simplification: Because doing something good shouldn't be hard. Let Service After Service make it easier for you to focus on what matters most to you, your project. Use the infrastructure that we already have in place.
Speed: Applications to the IRS for tax-exempt status can take in excess of 6 months to establish plus having to apply for an Employer Identification Number (EIN). Processing through Service After Service can be completed in less than half that time since we already have established both.
Efficiency: Administrative responsibilities can be burdensome for small groups. Service After Service can help with the paperwork and operational reporting can be a huge relief.
Fundability: Some grant-awarding organizations that will not fund start-up organizations. By becoming fiscally sponsored under an established charity, you can avoid this restriction in many cases.
Tax Deductible Donations: Your donors will benefit from making tax-deductible donations to your project if you use a fiscal sponsor. Service After Service is an approved 501 (c) 3 organization eligible to accept tax-deductible donations on your behalf.