The fiscal sponsorship is an agreement between an organization that has a local / federal tax exemption and a group or entity. The fiscal sponsorship helps groups and people carry out non-profit projects. It includes administrative, legal and fiscal support in the handling of funds, as well as reporting requirements for local and federal government. I
Here is a list of services and benefits that could be received by a group or entity under the auspices of HASER, as well as the responsibilities involved.
BENEFITS
- Administration and finance
- 501(c)(3) and 1101.01 status to receive donations exempt from contributions
- Local and federal tax return filing
- Board of Directors recruitment and training
- Articles of Incorporation review
- By-Laws review
- Corporate Resolutions for Incorporation
- Submit necessary documentation to the Department of State
- Access to information related to:
- Corporate Law in relation to non-profits
- Legal and fiduciary responsibility of a Board of Directors
- Basic responsibilities of a management team
- Postal mail space
- Public Liability Insurance
- “Domain & Shared Hosting”
- Monthly Financial Statements
- Annual Financial Statements
- Payment of Professional Services
- Direct deposit
- Purchase by Credit Card
- Information about individual donors and granting entities
- Access to work space with office equipment and a meeting area
Fundraising and Program Development
- Support in developing strategies for the organization and individual projects
- Donations exempt from local and federal contributions
- Unique and recurring online credit card transactions
- Consulting and training in proposal writing and grant management
Capacity building
- Administrative management strategies
- Board minutes book and its content
- Budget preparation and planning
RESPONSIBILITIES
- Follow the administrative, financial and legal processes agreed with HASER
- Report on actions and use of funds as agreed
- Connect with donors directly
- Provide HASER with photos, artwork, announcements and audiovisuals of actions and projects
- Promote equity and quality of life through local actions and transparent processes
- Recognize HASER as a fiscal sponsor in public communications.
- Establish a protocol with HASER on how to share information with the public (press, social networks, etc.) about the relationship with HASER and any related activities.