Some Services Typically Provided by Fiscal Sponsors
There is really no such thing as a "typical" bundle of services provided by a sponsor. The services available from sponsors vary from nothing to those listed below that are often provided by a professional sponsor.
- Financial
- Federal, state and local tax & informational returns
- Receipt and acknowledgment of tax-deductible donations and grants
- Payroll tax remittance and filings
- Monthly financial statements
- Financial record-keeping
- Independent Audit
- Check processing and issuance for expenses, I-9s, 1099s
- Insurance
- Directors' & Officers Insurance
- Volunteer Insurance
- General Liability
- Umbrella
- Commercial Automobile
- Human Resources Administration
- Payroll processing, W-2s
- Personnel policies in compliance with federal, state and local laws
- Comprehensive benefits package
- Benefits administration
- Technical assistance on personnel issues
- General Administration
- Bulk rate postal permit
- Resale permit
- Sales tax reports
- Grant progress reports
