by Pentacle-nextSteps | Apr 23, 2024 | Become Fiscally Sponsored in the Performing Arts, Choose A Structure, Fiscal Sponsorship, What is Fiscal Sponsorship?
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 manage funds on behalf of another organization or individual project...
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, 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...
by Pentacle-nextSteps | Jan 14, 2021 | Accounting for the Performing Arts, For 501(c)3 Arts Orgs, For Arts Administrators, For Individual Performing Artists, Taxes
Checklist for Processing 1099’s and W2’s End of Year Payroll Tax Forms: W2, 1099 Some of the most important payroll tax forms—W2 and 1099 forms—must be mailed out to your employees and contractors shortly after the calendar year ends. Any contractors who were paid...
