Pentacle’s Fiscal Sponsorship programs come in four levels and can be tailored to meet the needs of all artists. Unique projects is our most basic sponsorship service offering tax exempt donation processing, while the Foundation for Independent Artists (FIA) sponsorship program provides full fiscal administration services and all the benefits of incorporation on an annual basis. In between these two levels, artists can add bookkeeping services to Unique projects (Unique plus) or utilize our FIA fiscal sponsorship program on a single project basis (FIA projects).
Features
| FIA | FIA projects | Unique projects | Unique plus | |
|---|---|---|---|---|
| Bookkeeping & Financial Reporting | ||||
| Daily Banking & Deposits | ||||
| Bill Payments & Debit/Credit Card | ||||
| Disbursements | ||||
| Management of Payables & Receivables | ||||
| Payroll Services & Administration | ||||
| W2 Preparation & Filing | ||||
| Worker's Comp, Disability & Unemployment Insurance | ||||
| General Liability Insurance | ||||
| 1099 Preparation & Filing | ||||
| Inclusion in an Audited Financial Statement | ||||
| Access to NEA Funding | ||||
| Access to NYSCA Funding | ||||
| Eligible for Foundation/Corporate Funding | ||||
| Receipt & Acknowledgement of Individual Donations | ||||
| Access to Discounted Rehersal Space | ||||
| Dedicated Administrator | ||||
| 40+ Years of Experience |
FIA
FIA is a comprehensive Fiscal Sponsorship program which offers performing artists instant 501(c)(3) incorporation without the challenges of incorporating. It is ideal for those in need of bookkeeping, payroll services and insurance. Participating artists work with a dedicated administrator on a weekly basis to build their infrastructure and financial foundation.
Fees are assessed at 5% of income, with a minimum base fee of $2500/year.
FIA projects
FIA projects is a comprehensive Fiscal Sponsorship program offering instant incorporation on a project basis. It is ideal for artists in need of bookkeeping, insurance, and payroll services for a particular performance engagement or tour. For the length of the project, artists will work one-on-one with a dedicated administrator who will handle all of the day-to-day fiscal tasks associated with the project.
Fees are based on income with a minimum base fee of $500/project.
Unique projects
Unique projects is our basic sponsorship program which gives artists the ability to receive tax deductible donations, apply for foundation grants, as well as other nonprofit benefits, such as discounted rehearsal space. Artists work with a dedicated administrator to clearly, reliably, and efficiently process their donations and send acknowledgments on their behalf. This service is ideal for emerging or established artists with project-specific fundraising needs.
Fees for Unique projects are the lowest for individual artists in New York City, starting at 5.5% of income.
Unique plus
Unique plus offers fiscal sponsorship plus a bookkeeping service. The program is ideal for individual artists, or organizations who are looking to build their business structure and financial foundation, as well as receive tax deductible donations and apply for grants. Participating artists work one-on-one with a designated Pentacle administrator who will record all of the financial transactions for their project.
Fees are based on income, starting at $1500/year.
