Is Your Nonprofit’s Fiscal Sponsor Doing These Four Things?

Like an umbrella, a nonprofit fiscal sponsor is an established 501(c)(3) that lends its tax-exempt status and administrative backbone, things like accounting and payroll, to a newer group that doesn’t have its own nonprofit status yet. It’s a common shelter arrangement for grassroots projects just getting off the ground. Recently, we’ve been working with a…

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Is It Okay to Run a Planned Budget Deficit?

We often get this question from clients as budget season approaches, and most organizations fall into one of two camps. On the one hand, I’m reminded of a client we’ve been working with that has been going to extraordinary lengths to end in the black every fiscal year. Their Executive Director feels tremendous pressure from…

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