What is Fiscal Sponsorship?
April 23, 2024
What is Fiscal Sponsorship? Definition of Fiscal Sponsorship in the Performing Arts Fiscal sponsorship is a relationship in which a nonprofit organization (the fiscal sponsor) agrees to accept and...
When to Choose Fiscal Sponsorship Over 501(c)3 Incorporation
April 23, 2024
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...
History of Fiscal Sponsorship
April 23, 2024
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...
Tips for Obtaining Institutional Funding
April 23, 2024
Tips for Obtaining Institutional Funding Development & Fundraising through Institutional Funding Everyone needs money, and if you are an artist, nonprofit, or dance organization, a good chunk of...
Determining Pay Rates for Your Team
June 12, 2023
Considerations for Determining Pay Rates Determining How Much to Pay Your Team Pentacle recommends using the W.A.G.E. calculator to get a sense for how much established institutions are paying for...
Top CRMs for Non-Profit Entities
May 22, 2023
Top CRMs for Non-Profit Entities Salesforce Salesforce is a widely used CRM system that offers robust features and customization options. Nonprofits can use Salesforce’s Nonprofit Success Pack...
What is a Board of Directors and What to Consider When Creating One
May 22, 2023
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...
Understanding A Balance Sheet
January 13, 2022
Understanding a Balance Sheet What is a Balance Sheet? A Balance Sheet is a financial statement that summarizes the company’s assets, liabilities, and equity at a specific point in time. The Balance...
Understanding A Profit and Loss Statement?
January 7, 2022
Understanding A Profit and Loss Statement What is a Profit and Loss Statement? A Profit and Loss Statement (P&L) is a financial statement that measures the revenues, costs, and expenses incurred...
Employee versus Independent Contractor
August 20, 2021
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...