fiscal sponsorship
Hi everyone!
I was wondering, do any of your projects have experience with fiscal sponsorship, either being a sponsor or seeking out sponsorship?
I'm involved with a social ride group as well as a nonprofit community bike shop, and am looking into pursuing an arrangement where the ride group is sponsored by the bike shop. I'm hoping to write a grant to fund a program coordinator position that could then be shared between the shop and the ride group.
Has anyone navigated anything similar to this before? I really appreciate any help/guidance you could give me!
Thanks! Emily
For the big picture, try herehttp://www.grantspace.org/Tools/Knowledge-Base/Funding-Research/Definitions-and-Clarification/fiscal-sponsorship. Lot's of info on grant writing, too.
Kevin The Bicycle Collective SLC, UT
On Tue, Oct 15, 2013 at 4:37 PM, Emily Strong strong.emily.s@gmail.comwrote:
Hi everyone!
I was wondering, do any of your projects have experience with fiscal sponsorship, either being a sponsor or seeking out sponsorship?
I'm involved with a social ride group as well as a nonprofit community bike shop, and am looking into pursuing an arrangement where the ride group is sponsored by the bike shop. I'm hoping to write a grant to fund a program coordinator position that could then be shared between the shop and the ride group.
Has anyone navigated anything similar to this before? I really appreciate any help/guidance you could give me!
Thanks! Emily
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IMPORTANT: This communication is intended solely for the use of the individual or entity to which it is addressed. It may contain information that is confidential and/or protected by the attorney-client or other applicable privilege. If you are not the intended recipient, or if you are not responsible for delivering this communication to the intended recipient, you are hereby notified that the disclosure of this communication is strictly prohibited. If you have received this communication in error, please notify me immediately by telephone at (801) 647-0797, and return the original message to me at the above address via email. Thank you.
Emily, Utica Bike Rescue incorporated with the State of New York in July and we are in the process of obtaining our Letter of Determination from the IRS. In the meantime we are working with our statewide bicycle advocacy organization as our fiscal sponsor. There are many obvious reasons to do this as I'm quite sure you're already aware. Our arrangement is relatively simple and straightforward. I started with the MOU that Georgia Bikes! has posted on their website (thanks!) and we modified it to fit our arrangement and to satisfy the board of the sponsoring organization. http://georgiabikes.org/index.php/orginfo/aboutus/82-fiscal-sponsorship
In case you haven't seen what The Alliance has, check out http://www.peoplepoweredmovement.org/site/index.php/site/memberservices/C217...
Fortunately I have a history with the sponsoring organization and know the staff and board personally. That sure helped move the deal along. When I talk to potential funders and inform them that we are working with a fiscal sponsor they have always asked who it is and how our missions mesh. It sounds as if you have a similar synergy, and that should help too.
This arrangement has worked really well as we get our community bike project off the ground. It allows us to pretty much operate as if we are our own 501(c)(3). That is because of two things: (1) the fiscal sponsorship, but also (2) the fact that we have incorporated with our state. According to the IRS, we are able to accept tax-deductible donations while we are awaiting our Letter of Determination. You'll obviously need to check your state's law but in our case these two things have been instrumental in allowing us to make really good progress.
I hope this isn't confusing. I'm happy to talk with you more if you'd like.
Matt
It's basically training time, of about up to a year while you are pending to learn from the host org, how to keep records, file, take donations, do fundraising, customer service, be a non profit, etc. Er. Training wheels fora business. SCORE and other resources exist.
N.B. IANAL, and experience from another realm. BTW you sure it has to be a paid position, and not volunteer? Separation between paid and vol seems to be toxic,IMO
Please excuse the typing, very small keyboard...
On Oct 15, 2013, at 20:47, Matthew VanSlyke vanslyke.matthew@gmail.com wrote:
Emily, Utica Bike Rescue incorporated with the State of New York in July and we are in the process of obtaining our Letter of Determination from the IRS. In the meantime we are working with our statewide bicycle advocacy organization as our fiscal sponsor. There are many obvious reasons to do this as I'm quite sure you're already aware. Our arrangement is relatively simple and straightforward. I started with the MOU that Georgia Bikes! has posted on their website (thanks!) and we modified it to fit our arrangement and to satisfy the board of the sponsoring organization. http://georgiabikes.org/index.php/orginfo/aboutus/82-fiscal-sponsorship
In case you haven't seen what The Alliance has, check out http://www.peoplepoweredmovement.org/site/index.php/site/memberservices/C217...
Fortunately I have a history with the sponsoring organization and know the staff and board personally. That sure helped move the deal along. When I talk to potential funders and inform them that we are working with a fiscal sponsor they have always asked who it is and how our missions mesh. It sounds as if you have a similar synergy, and that should help too.
This arrangement has worked really well as we get our community bike project off the ground. It allows us to pretty much operate as if we are our own 501(c)(3). That is because of two things: (1) the fiscal sponsorship, but also (2) the fact that we have incorporated with our state. According to the IRS, we are able to accept tax-deductible donations while we are awaiting our Letter of Determination. You'll obviously need to check your state's law but in our case these two things have been instrumental in allowing us to make really good progress.
I hope this isn't confusing. I'm happy to talk with you more if you'd like.
Matt
-- Matt VanSlyke Utica Bike Rescue 714 Washington Street, Utica, NY 13502 315.525.9554 matt@uticabikerescue.org www.uticabikerescue.org www.facebook.com/uticabikerescue Learn. Earn. Ride.
On Tue, Oct 15, 2013 at 6:51 PM, Kevin Dwyer kevidwyer@gmail.com wrote: For the big picture, try here. Lot's of info on grant writing, too.
Kevin The Bicycle Collective SLC, UT
On Tue, Oct 15, 2013 at 4:37 PM, Emily Strong strong.emily.s@gmail.com wrote: Hi everyone!
I was wondering, do any of your projects have experience with fiscal sponsorship, either being a sponsor or seeking out sponsorship?
I'm involved with a social ride group as well as a nonprofit community bike shop, and am looking into pursuing an arrangement where the ride group is sponsored by the bike shop. I'm hoping to write a grant to fund a program coordinator position that could then be shared between the shop and the ride group.
Has anyone navigated anything similar to this before? I really appreciate any help/guidance you could give me!
Thanks! Emily
Thethinktank mailing list Thethinktank@lists.bikecollectives.org To unsubscribe, send a blank email to TheThinkTank-leave@bikecollectives.org To manage your subscription, plase visit: http://lists.bikecollectives.org/listinfo.cgi/thethinktank-bikecollectives.o...
IMPORTANT: This communication is intended solely for the use of the individual or entity to which it is addressed. It may contain information that is confidential and/or protected by the attorney-client or other applicable privilege. If you are not the intended recipient, or if you are not responsible for delivering this communication to the intended recipient, you are hereby notified that the disclosure of this communication is strictly prohibited. If you have received this communication in error, please notify me immediately by telephone at (801) 647-0797, and return the original message to me at the above address via email. Thank you.
Thethinktank mailing list Thethinktank@lists.bikecollectives.org To unsubscribe, send a blank email to TheThinkTank-leave@bikecollectives.org To manage your subscription, plase visit: http://lists.bikecollectives.org/listinfo.cgi/thethinktank-bikecollectives.o...
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participants (4)
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Emily Strong -
Jerry -
Kevin Dwyer -
Matthew VanSlyke