What is a Board of Directors and What to Consider When Creating One

by Pentacle-nextSteps | May 22, 2023 | Build Your Startup

What is a Board of Directors and What to Consider When Creating One What is a Board of Directors? A board of directors is a group of individuals who are elected to govern and oversee the organization’s operations. The board is responsible for setting the...

What Do I Need to Apply for Fiscal Sponsorship?

by Pentacle-nextSteps | Apr 23, 2023 | Become Fiscally Sponsored in the Performing Arts, Choose a Fiscal Sponsor, Fiscal Sponsorship, Register & Apply

What Do I Need to Apply for Fiscal Sponsorship? The specific requirements for applying to different fiscal sponsorship programs will vary depending on the nonprofit that is offering fiscal sponsorship. There is no downside to contacting a prospective fiscal sponsor...

Employee versus Independent Contractor

by Pentacle-nextSteps | Aug 20, 2021 | Build Your Startup, For 501(c)3 Arts Orgs, For Arts Administrators, Taxes

Employee vs. Independent Contractor What’s the difference between an employee and an independent contractor? The payment for an independent contractor is performance-based and is determined by the completion of the service they provide while an employee’s...

5 Ways That You Can Benefit From Fiscal Sponsorship

by Pentacle-nextSteps | Jan 14, 2021 | Become Fiscally Sponsored in the Performing Arts, Fiscal Sponsorship, What is Fiscal Sponsorship?

5 Ways That You Can Benefit From Fiscal Sponsorship Fiscal Sponsorship Has Both Financial and Administrative Benefits   Fiscal Sponsorship has many financial and administrative benefits. Fiscal sponsorship refers to the practice of non-profit organizations...