Projects do have access to CNDC’s meeting space, computers, printer, and internet. translation missing: en.layout.general.title. Fiscal sponsors often offer additional services and supports to their sponsored projects; the range of services provided varies by sponsor. >> Learn About Models of Fiscal Sponsorship >> Learn More About the Myths of Fiscal Sponsorship >> Join NNFS. Q: What if we have already incorporated in Colorado or even received our 501(c)(3) designation from the IRS?

Fee Amount. Charged on all incoming Disbursement Requests that are not submitted electronically (email or fax).

There is an annual, base fee of $125 that is prorated if fiscal sponsorship begins after the New Year. Regular Fees. Some services may be required beyond the sponsorship services outlined above. “Rethink Charity” is represented by several non-profit organizations in the US and Canada, including Rethink Charity USA (EIN# 82-5325150), the Students for High-Impact Charity Foundation of Canada (BN 75152 2293 RC0001), and Rethink Charity Foundation (BN 793187881 RR 0001). Annual fee is charged for the use of a pre-paid card to manage funds for the sponsored organization. * All fees are subject to change without notice. This includes fund transfers to a charity affiliated with the Program Manager. Q: How can I apply to be a Project of CNDC? 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. The application review process takes three to six months. $250 or $1000. 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. 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. These can result in additional charges, as follows. We ask that you make sure your Project plan fits within CNDC’s eligibility requirements and criteria by reading our How to Apply page. In rare cases, there may be a small “pass-thru” fee for funds received on behalf of park projects; “pass-thru” fees apply to situations where Friends of the Parks has to reissue a check on behalf of a project. Get Accounting Services for an Existing 501(c)(3). The purpose is to outline the exact nature of services that the sponsor will provide for the project. Most fiscal sponsors charge sponsored projects a fee to offset the additional cost. What resources are available for me? Minimum requirement: If less than $50,000 is donated to a project, we will charge 9% on that amount. A: CNDC acts as the 501(c)(3) umbrella for each Project. Q: What is the role of CNDC’s Board of Directors versus the role of the Project’s board? Q: I have an idea for a nonprofit, but am not quite ready to apply for fiscal sponsorship. 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. A: The fee offsets the cost of services provided to Projects. Charged when extensive copies of records or research is requested, including historical account information. You can find more detail on fee transparency in … A: CNDC does not provide office space to Projects. Services include accounting, audit, 990, payroll service, benefits administration, coaching, and technical assistance. ... service category, or keyword for nonprofit fiscal sponsors. However, CNDC is committed to supporting these efforts. This fee covers the cost of staff time to convert the mailed contents into an electronic document. Charged by the bank to stop payment on checks. A: CNDC receives more proposals for fiscal sponsorship than we can accept. If you would like to keep your individual 501(c)(3)  status, you may still want to consider using CNDC’s accounting services, which provide professional accounting services to established 501(c)(3) organizations. Charged for all background checks performed by Service After Service – contact us for details. Fees also apply to other mail carriers UPS, DHL, etc. 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. Projects may also use CNDC’s copiers at a minimal charge. The additional insurance costs to cover a Project’s property or special events are passed on to the Project. Service After Service reserves the right to assess these fees as we determine necessary. A: The fee offsets the cost of services provided to Projects. Includes bank and service fees.

If in Year 1, “'Project X”' receives $200,000, it incurs Bronze fees (4% – 7%). CNDC has worked closely with the funding community to understand the accounting and oversight benefits of CNDC’s comprehensive fiscal sponsorship program. $1,000 is charged if the sponsored organization plans to be covered under the Service After Service insurance policy. There is no maximum amount of time an active Project can remain with CNDC. Q: Is there a minimum or maximum amount of time CNDC requires a Project to remain under its umbrella? A: Most Project activities are covered under CNDC’s general liability insurance and property coverage. Q: How does funding work as a Project of CNDC? 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 … We also do not charge an application fee, renewal fee, or minimum balance fee, as many other fiscal sponsorship programs do. 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. The $50,000 that comes in Year 2 would also incur Bronze fees (4% – 7%) as well. 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.). Fiscal Sponsorship Fees. 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).

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. One-size-fits-all solutions rarely work in the real world. For express deliveries and will increase depending on the timeframe requested and destination. A: Most foundations accept proposals from CNDC-sponsored Projects. Q: What does it mean that the Colorado Nonprofit Development Center (CNDC) is a “fiscal sponsor” for Projects?

Charged to all fiscally sponsored organizations that will require project management support from Service After Service. A fiscal sponsorship agreement is signed between a project group and a non-profit organization. CNDC holds legal and financial responsibility for its Projects. $250 is charged to all operating fiscally sponsored organizations on an annual basis if they are using their own insurance. Negotiable but no less than 2% of assets is assessed when Service After Service transfers assets from a closing program to another 501c3 organization.
On occasion, CNDC will expedite a review process for legitimate funding or other time-sensitive reasons. A: CNDC acts as the 501(c)(3) umbrella for each Project. A: Although there are exceptions, in most cases CNDC does not sponsor groups that have a separate legal entity. Please contact us if you have any questions about specific funders. A: No, but Projects do cover the costs associated with this process, which includes the filing fees. Charged on all private donations (not grants), etc.

Q: Does CNDC offer office space to Projects? 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%). Charged to refund donations made in error. 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. These fees can range based on the services that are provided and the complexity of grants to be administered. Feel free to inquire for a specific quote with our fiscal sponsorship inquiry form.

Q: Why does CNDC charge Projects a fee? Click here to learn more. Annual Fee.
$1,000 is charged if the sponsored organization plans to be covered under the Service After Service insurance policy. Profiles include eligibility requirements, fees, services, and types of projects supported. Generally, that fee is somewhere between 5%-10% of all funds held on behalf of the sponsored group. Fee Description. One-size-fits-all solutions rarely work in the real world.

$250 is charged to all operating fiscally sponsored organizations on an annual basis if they are using their own insurance. Annual reset: After one year of regranting, the total amount counted toward each project resets to $0. Fiscal sponsors assess an administrative fee based on a percentage of a project's revenue or expenses. You can find more detail on fee transparency in our FAQ section. A: No, Projects are responsible for their own fundraising. Fiscal sponsorship can also open a world of grant opportunities to individuals, such as artists. You can also contact CNDC at 720-855-0501 with any further questions. “'Project X”' receives $250,000 over two years. 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). CNDC provides one-on-one coaching to Project staff and boards on fundraising, and will review Project grant proposals prior to submission. A: Generally, a Project must be with CNDC a minimum of six months prior to beginning the separation process to become an independent 501(c)(3). CNDC can help with that process. Terms include details regarding the services and the sponsor’s fee. FJC’s transactional fee is significantly lower than other fiscal sponsors, which often charge 7-12% per contribution! Fiscal Sponsorship: FAQs Q: What does it mean that the Colorado Nonprofit Development Center (CNDC) is a "fiscal sponsor" for Projects? Projects are required to maintain a Project board with a minimum of four (4) members that meet at least quarterly.