by pennextsteps | Apr 23, 2024 | Budgeting
How to Create a Project Budget What is a Budget? A budget is an estimate of income and expenses for a set period of time in the future. You can create a budget for your entire organization or individually for each of your projects/programs. Budgets are meant to be...
by pennextsteps | Apr 23, 2024 | Budgeting
How to Create an Operating Budget An Operating Budget in the Performing Arts An Operating Budget differs from a Project Budget in that it takes into account all of your project budgets, fundraising budgets, and general operating budgets in one report. This type of...
by Pentacle-nextSteps | Apr 23, 2024 | Become a 501(c)3 Non-Profit in the Performing Arts, Become Fiscally Sponsored in the Performing Arts, Fiscal Sponsorship, What is Fiscal Sponsorship?
When to Choose Fiscal Sponsorship Over 501(c)3 Incorporation If you have a short-term or one-time project, or are just starting out as a creator, incorporating as a 501(c)(3) is not the most practical or cost-effective way to incorporate. Instead, fiscal sponsorship...
by Pentacle-nextSteps | Apr 23, 2024 | Fiscal Sponsorship, What is Fiscal Sponsorship?
History of Fiscal Sponsorship Where does Fiscal Sponsorship in the United States Come From? Fiscal sponsorship, the practice of one nonprofit organization providing administrative and financial support to another organization or project that lacks 501(c)(3) status,...
by Pentacle-nextSteps | Apr 23, 2024 | Individual Donations
Crowdfunding versus Fundraising What is the difference between Crowdfunding and Fundraising? Crowdfunding is exclusively online while fundraising could be either in person or virtual. The majority of Crowdfunding websites make it free to begin so you retain most of...
