What is a Fiscal A Sponsor?
Fiscal sponsorship is a formal arrangement in which a 501(c)(3) organization sponsors a project that may lack exempt status. This alternative to starting your own nonprofit allows you to seek grants and solicit tax-deductible donations under sponsor's exemption status.
Sponsorship's that have NOT been registered will not be recognized for 501c3 donations or funding. You must register EACH project BEFORE submitting our tax id information on any form or entries.
We will not honor or confirm an affiliation UNLESS the project/program has been registered.
* Mission Statement required for ALL Grant Fiscal Sponsorship
* Check your welcome email for Membership ID# or Text (919)589-2911
EACH EVENT, PROJECT OR PROGRAM MUST BE REGISTERED SEPARATELY
Frequently asked questions
Who can apply for sponsorship?
Business 911 Members and Registered Business 911 Businesses.
What kind of things would I need a Fiscal Sponsor for?
There are many benefits to having a Fiscal Sponsor:
What is a COMPREHENSIVE Fiscal Sponsor?
In a Comprehensive Fiscal Sponsorship Relationship, the fiscally sponsored project becomes a program of the fiscal sponsor, (a distinct difference from the pre-approved grant relationship), and is a fully integrated part of the fiscal sponsor who maintains all legal and fiduciary responsibility for the sponsored project, its employees and activities. Any work product is available to the public or to the charitable sector. The fiscal sponsor assures funders that the purposes and any restrictions of all grants and/or contributions will be met.
What is a PRE-APPROVED GRANT RELATIONSHIP Fiscal Sponsor?
In a Pre-approved grant relationship Sponsorship Relationship, the fiscally sponsored project does not become a program belonging to the sponsor (as is the case with Comprehensive Sponsorship), but is a separate entity responsible for managing its own tax reporting and liability issues. In addition, the sponsor does not necessarily maintain ownership of any part of the results of the project’s work. Ownership rights should be addressed in the fiscal sponsor agreement and could potentially result in some type of joint ownership. The sponsor simply assures itself that the project will use the grant funds received to accomplish the ends described in the grant proposal.
Is there a fee for sponsorship?
There is a 2-5% Fee for Grant Sponsorship to cover admin & any bank fees.
How do I know if I have been approved for Fiscal Sponsorship for my grant?
Once you have registered your project/program you will recieve a email within (48) hours scheduling a phone interview providing further information about the project and your needs.
Can I be denied for Fiscal Sponsorship?
Yes, sponshorship is based on your mission and project details as well as the connection to OUR mission. Please read guidelines for sponsorship.
Who gets money if im approved for a grant or funding?
Business 911 will recieve money on your behalf. We will work with Project Organizer to disburse funds. Records and receipts will be required. Funds will be allocated to project as discribed in Fiscal Agreement.
What if I don't get the grant, is there a fee?
Does Business 911 find me the grants or funding?
No, we can be of some assistance in pointing you in the right direction. It is your responsibility to locate grants and apply for any funding.