Partner Artists: Fiscal Sponsorship
How It Works
Fiscal sponsorship - sometimes called a "non-profit umbrella" - provides community-minded projects with the benefits of tax exemption, without needing to apply for and maintain IRS 501(c)(3) status.
At Shunpike, sponsored groups enter into a contract whereby they become an "Associated Program" of Shunpike. This allows the artist(s) to raise funds and otherwise act as if they were a 501(c)(3) tax-exempt non-profit. In exchange, Associated Programs are required to act in a manner consistent with such a non-profit and coordinate their activities with Shunpike.
Basic Fiscal Sponsorship Services
Just need fiscal sponsorship for your group or project? Shunpike provides basic fiscal sponsorship to groups or projects that need the benefits of 501c3 status, but are comfortable with doing their own accounting, tax reporting, and procuring their own licenses and permits.
Fees
Basic fiscal sponsorship fees are 7% of all revenues that Shunpike processes, with an additional $100 annual contract fee.
Apply
There are two ways to get fiscally sponsored by Shunpike. Need help? Contact us.
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Basic fiscal sponsorship • 7% of processed revenue • Limited support Download the Application |
Partner Artist Program • 10% of all revenue • Full back-office services Download the Application |