What Does It Mean to Be A Comprehensive Project of New Sun Rising?

 

Comprehensive Fiscal Sponsorship

  • Good for individuals and unincorporated organizations
  • Fiscally sponsored project becomes a project of the fiscal sponsor
  • The fiscal sponsor strives for an equitable balance between delegating full program responsibility to project leaders and the fiscal sponsor’s fiduciary and other obligations as the legal and ethically accountable organization through which the project operates.
  • The fiscal sponsor discloses any charges, such as bank fees, or those for fee-for-service activities, for which projects are liable.
  • The fiscal sponsor monitors all projects for appropriateness of expenditures and for fiscal solvency and routinely reviews project fund balances down to the level of individual grants.
  • The fiscal sponsor ensures that projects comply with financial and administrative requirements of grants and government contracts
  • The fiscal sponsor expects project leaders to conduct the primary work of resource development.
  • The fiscal sponsor expects project leaders to assume responsibility for reporting orally and in writing to fiscal sponsors and project donors, and for maintaining relationships with donors.
  • Individuals or entities that work on Project activities will be considered Independent Contractors as allowed by law and will receive a 1099. Individuals or entities will need to fill out a W9 found here: https://www.irs.gov/pub/irs-pdf/fw9.pdf

In Addition, Independent Contractors will need to fill the following form and return it to info@newsunrising.org

Source: National Network of Fiscal Sponsors

Revisions: