A: Although there are exceptions, in most cases CNDC does not sponsor groups that have a separate legal entity. Get Accounting Services for an Existing 501(c)(3). Project boards have no legal or governing authority, however, they still provide an important mechanism for accountability and support for Projects, including financial and programmatic governance to ensure the Project has the resources it needs to fulfill its mission. “'Project X”' receives $250,000 over two years. These fees can range based on the services that are provided and the complexity of grants to be administered. >> Learn About Models of Fiscal Sponsorship >> Learn More About the Myths of Fiscal Sponsorship >> Join NNFS.
Exploratory and Setup: We charge a $1,000 exploratory and setup fee per project, $500 of which is credited towards fees if the fiscal sponsorship arrangement moves forward beyond the exploratory stage. $1,000 is charged if the sponsored organization plans to be covered under the Service After Service insurance policy. FJC’s transactional fee is significantly lower than other fiscal sponsors, which often charge 7-12% per contribution! Most fiscal sponsors charge sponsored projects a fee to offset the additional cost. You can find more detail on fee transparency in our FAQ section. Fiscal Sponsorship: FAQs Q: What does it mean that the Colorado Nonprofit Development Center (CNDC) is a "fiscal sponsor" for Projects? A: No, Projects are responsible for their own fundraising. Charged on all private donations (not grants), etc. Annual reset: After one year of regranting, the total amount counted toward each project resets to $0. translation missing: en.layout.general.title. Depending on the nature of a Project’s activities, a Project may need to purchase additional insurance with Project funds (e.g., a childcare center will need specialized insurance). However, CNDC is committed to supporting these efforts. $250 or $1000. Feel free to inquire for a specific quote with our fiscal sponsorship inquiry form. There is no maximum amount of time an active Project can remain with CNDC. By sharing these costs with other CNDC Projects, the fee is less than what Projects would pay vendors independently for the same service of a similar quality.
4% – 7% on first $200,000 granted ($50,000 – $200,000), 2.5% – 3.5% on next $800,000 granted ($200,000 – $1M), 0.5 – 2% beyond $1,000,000 granted ( >$1,000,000). $250 is charged to all operating fiscally sponsored organizations on an annual basis if they are using their own insurance. To the extent reasonably possible, Service After Service will disclose such extraordinary costs to the Program Manager in advance of proceeding with the fulfillment of these requests, which require work that is above and beyond our normal services. Terms include details regarding the services and the sponsor’s fee.
You can also contact CNDC at 720-855-0501 with any further questions. We ask that you make sure your Project plan fits within CNDC’s eligibility requirements and criteria by reading our How to Apply page. Charged by the bank to process incoming checks issued from banks outside of the U.S. Charged by the bank on checks returned by the donor’s bank (insufficient funds, closed account, etc.). We also do not charge an application fee, renewal fee, or minimum balance fee, as many other fiscal sponsorship programs do. Click here to learn more. A: CNDC’s Board of Directors is the legal governing body for all of CNDC; they have legal and fiduciary responsibility over CNDC as a whole. We understand that every project has specific needs, and we therefore offer a range of potential fees* for our fiscal sponsorship services that depend on the level of intricacy estimated for each arrangement.
Projects are required to maintain a Project board with a minimum of four (4) members that meet at least quarterly. What resources are available for me? The amount disbursed to you at the end of your campaign would be the total of any grant funds plus all the online donations you’ve raised, and ioby’s 5% fiscal sponsorship fee would apply to … Regular Fees. Minimum requirement: If less than $50,000 is donated to a project, we will charge 9% on that amount. If in Year 1, “'Project X”' receives $200,000, it incurs Bronze fees (4% – 7%). Q: Does CNDC provide liability insurance for Projects? Some services may be required beyond the sponsorship services outlined above. The application review process takes three to six months.
Q: What if we have already incorporated in Colorado or even received our 501(c)(3) designation from the IRS? Includes bank and service fees. Fiscal sponsorship can also open a world of grant opportunities to individuals, such as artists. This fee covers the cost of staff time to convert the mailed contents into an electronic document. Q: What is the role of CNDC’s Board of Directors versus the role of the Project’s board? Charged by the bank to stop payment on checks. A: CNDC acts as the 501(c)(3) umbrella for each Project. Annual Fee. You can find more detail on fee transparency in … The $50,000 that comes in Year 2 would also incur Bronze fees (4% – 7%) as well. Service After Service reserves the right to assess these fees as we determine necessary. A: The Colorado Nonprofit Association has a Business Member Directory to connect you with business members specializing in serving nonprofits. The purpose is to outline the exact nature of services that the sponsor will provide for the project. Profiles include eligibility requirements, fees, services, and types of projects supported. Fee Amount. Projects may also use CNDC’s copiers at a minimal charge. Q: Why does CNDC charge Projects a fee? Negotiable but no less than 2% of assets is assessed when Service After Service transfers assets from a closing program to another 501c3 organization.
Generally, that fee is somewhere between 5%-10% of all funds held on behalf of the sponsored group. Services include accounting, audit, 990, payroll service, benefits administration, coaching, and technical assistance. That means that in order to apply for fiscal sponsorship, you must be willing to dissolve your nonprofit corporation and shelve your 501(c)(3) while under CNDC’s umbrella. A: CNDC acts as the 501(c)(3) umbrella for each Project. For that single year, $200,000 of that would be subject to Bronze fees, and $50,000 would drop to Silver fees (2.5% – 3.5%). A: CNDC does not provide office space to Projects. One-size-fits-all solutions rarely work in the real world. The site also provides statistics and resources on fiscal sponsorship.
Exploratory and Setup: We charge a $1,000 exploratory and setup fee per project, $500 of which is credited towards fees if the fiscal sponsorship arrangement moves forward beyond the exploratory stage. $1,000 is charged if the sponsored organization plans to be covered under the Service After Service insurance policy. FJC’s transactional fee is significantly lower than other fiscal sponsors, which often charge 7-12% per contribution! Most fiscal sponsors charge sponsored projects a fee to offset the additional cost. You can find more detail on fee transparency in our FAQ section. Fiscal Sponsorship: FAQs Q: What does it mean that the Colorado Nonprofit Development Center (CNDC) is a "fiscal sponsor" for Projects? A: No, Projects are responsible for their own fundraising. Charged on all private donations (not grants), etc. Annual reset: After one year of regranting, the total amount counted toward each project resets to $0. translation missing: en.layout.general.title. Depending on the nature of a Project’s activities, a Project may need to purchase additional insurance with Project funds (e.g., a childcare center will need specialized insurance). However, CNDC is committed to supporting these efforts. $250 or $1000. Feel free to inquire for a specific quote with our fiscal sponsorship inquiry form. There is no maximum amount of time an active Project can remain with CNDC. By sharing these costs with other CNDC Projects, the fee is less than what Projects would pay vendors independently for the same service of a similar quality.
4% – 7% on first $200,000 granted ($50,000 – $200,000), 2.5% – 3.5% on next $800,000 granted ($200,000 – $1M), 0.5 – 2% beyond $1,000,000 granted ( >$1,000,000). $250 is charged to all operating fiscally sponsored organizations on an annual basis if they are using their own insurance. To the extent reasonably possible, Service After Service will disclose such extraordinary costs to the Program Manager in advance of proceeding with the fulfillment of these requests, which require work that is above and beyond our normal services. Terms include details regarding the services and the sponsor’s fee.
You can also contact CNDC at 720-855-0501 with any further questions. We ask that you make sure your Project plan fits within CNDC’s eligibility requirements and criteria by reading our How to Apply page. Charged by the bank to process incoming checks issued from banks outside of the U.S. Charged by the bank on checks returned by the donor’s bank (insufficient funds, closed account, etc.). We also do not charge an application fee, renewal fee, or minimum balance fee, as many other fiscal sponsorship programs do. Click here to learn more. A: CNDC’s Board of Directors is the legal governing body for all of CNDC; they have legal and fiduciary responsibility over CNDC as a whole. We understand that every project has specific needs, and we therefore offer a range of potential fees* for our fiscal sponsorship services that depend on the level of intricacy estimated for each arrangement.
Projects are required to maintain a Project board with a minimum of four (4) members that meet at least quarterly. What resources are available for me? The amount disbursed to you at the end of your campaign would be the total of any grant funds plus all the online donations you’ve raised, and ioby’s 5% fiscal sponsorship fee would apply to … Regular Fees. Minimum requirement: If less than $50,000 is donated to a project, we will charge 9% on that amount. If in Year 1, “'Project X”' receives $200,000, it incurs Bronze fees (4% – 7%). Q: Does CNDC provide liability insurance for Projects? Some services may be required beyond the sponsorship services outlined above. The application review process takes three to six months.
Q: What if we have already incorporated in Colorado or even received our 501(c)(3) designation from the IRS? Includes bank and service fees. Fiscal sponsorship can also open a world of grant opportunities to individuals, such as artists. This fee covers the cost of staff time to convert the mailed contents into an electronic document. Q: What is the role of CNDC’s Board of Directors versus the role of the Project’s board? Charged by the bank to stop payment on checks. A: CNDC acts as the 501(c)(3) umbrella for each Project. Annual Fee. You can find more detail on fee transparency in … The $50,000 that comes in Year 2 would also incur Bronze fees (4% – 7%) as well. Service After Service reserves the right to assess these fees as we determine necessary. A: The Colorado Nonprofit Association has a Business Member Directory to connect you with business members specializing in serving nonprofits. The purpose is to outline the exact nature of services that the sponsor will provide for the project. Profiles include eligibility requirements, fees, services, and types of projects supported. Fee Amount. Projects may also use CNDC’s copiers at a minimal charge. Q: Why does CNDC charge Projects a fee? Negotiable but no less than 2% of assets is assessed when Service After Service transfers assets from a closing program to another 501c3 organization.
Generally, that fee is somewhere between 5%-10% of all funds held on behalf of the sponsored group. Services include accounting, audit, 990, payroll service, benefits administration, coaching, and technical assistance. That means that in order to apply for fiscal sponsorship, you must be willing to dissolve your nonprofit corporation and shelve your 501(c)(3) while under CNDC’s umbrella. A: CNDC acts as the 501(c)(3) umbrella for each Project. For that single year, $200,000 of that would be subject to Bronze fees, and $50,000 would drop to Silver fees (2.5% – 3.5%). A: CNDC does not provide office space to Projects. One-size-fits-all solutions rarely work in the real world. The site also provides statistics and resources on fiscal sponsorship.