1st Step | Q & A | Clients
If you'd like to explore fiscal sponsorship with us:
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Please read and respond to the following 5 questions
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Then email us your responses. Be sure to include a phone number.
1. In 2-3 sentences, describe what you wish to accomplish - what's your project all about?
2. How long will your project take? Or if it's ongoing, how long will the first phase take?
3. How much money will be required to complete the first full year of your project?
4. How do you plan on raising funds for your project?
5. Have you read and understood the guidelines below?
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CMS Fiscal Sponsor Guidelines - Please read the following:
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Accounting/Checks - We keep an accurate account of your funds deposited with us. When expenses need to be paid, email us your requests and we'll write checks within one business day. (Or if you wish, we'll send your funds to you when we receive them and you can pay your project's expenses directly.)
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Our Fee - It's customary for a fiscal sponsor to receive a percentage of your revenues. Our usual fee is 10% of your gross revenues (before expenses).
- Minimum Budget - Because of the energy and focus that all fiscal sponsorship arrangements require, your minimum annual anticipated revenue must be at least $10,000.
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Hands Off - We have no interest in controlling your project or meddling in the details of its execution. Our only concern is that all your expenditures be permissible for a 501(c)(3) organization.
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CPAs - Some formal grant-making foundations require CPA-audited financial statements. However, CMS does not have a CPA to create these statements (which cost $10K-$30K).
- PayPal - We can handle a small volume of PayPal donations through our PayPal account (we'll send you the code to add to your Web site). However, if you're anticipating more than 10-12 donations per month through PayPal, it may be necessary to use your own PayPal account to receive donations.
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