The Center for Community Stewardship currently offers two program areas:
This initiative helps social entrepreneurs do their good work in our community without needing to have their own nonprofit. Fiscal Sponsorship is a formal arrangement in which the Center for Community Stewardship (a 501(c)3 public charity) sponsors projects that lack tax-exempt status. This alternative to starting your own nonprofit allows project to seek grants and solicit tax-deductible donations under C4CS’s exempt status. C4CS fiscal sponsorship offers projects comprehensive finance and accounting service, general liability insurance, human resources and payroll services (for projects with employees), and tax, audit, and other services to ensure projects are in full compliance with local, state, and federal regulations.
Why use a fiscal sponsor? Starting a project through a fiscal sponsor is easier for two reasons: time and money. Forming a nonprofit and applying for tax exemption from the IRS often requires a lawyer and generally takes a minimum of six months. There is a newer, simplified IRS form that shortens the process for small organizations (learn more here), but for some initiatives, fiscal sponsorship may be a better choice. Some projects go on to form their own 501(c)3, some projects remain a fiscally sponsored project, and others close after achieving the short-term goal their project was created to achieve.
Our fiscally-sponsored projects span all fields. The start-up cost for new projects is $250, and the administrative percentage charged on project income starts at 5% (on the lowest end of fiscal sponsorship fees). To talk to us about becoming a project, contact Lisa Dugdale at ldugdale @ community-stewardship.org or (608) 620-4266. After this conversation an initial meeting will be set up with the Project lead(s), Lisa, and Bert Stitt (C4CS’s Founder). If all parties agree to go ahead with the fiscal sponsorship agreement, a contract will be signed, and the project will officially be voted in by the Board of Directors at the monthly C4CS Board meeting.
Our Community Conversations program is currently in the planning stages, and will launch in 2017. The mission of this Program is to energize and facilitate individuals and groups to be active in matters that affect their lives, cultivating collaborative conversations about visions and activities that can make their community a more wonderful place.