The Power of a 501(c)(3), Quickly, and Without the Headaches.
Starting an IRS-registered 501(c)(3) charity from scratch is expensive, complicated and takes many months at minimum. Compliance and reporting are an ongoing burden. A Fiscal Sponsorship from GVNG solves all of that.
What is a Fiscal Sponsorship?
A fiscal sponsor is a tax-exempt organization that receives funds and conducts administrative functions on your group’s behalf. A fiscal sponsor oversees charitable projects and programs, then disburses donated funds to your organization and its causes.
Why do we need a Fiscal Sponsorship?
- You need to move fast. Many causes can’t wait months for the IRS to process an application.
- You don’t want to manage the complex ongoing regulatory compliance and reporting.
- You want to partner with somebody who knows how to raise money and operate a charity.
Empowering others to do good is GVNG’s mission and reason for being. We built an organization, structure, and toolset specifically to solve the time-to-market and compliance concerns that are entailed in starting and operating a 501(c)(3). Our “Nonprofit In A Box” solution provides a compliant and safe structure for almost any charitable endeavor.
Why a GVNG Fiscal Sponsorship is the Answer
A GVNG Fiscal Sponsorship puts your charitable efforts into action right away. According to IRS, most nonprofit applicants can expect to be “contacted” in 6 months. However, this can take up to 12 months in many cases.
A GVNG Fiscal Sponsorship is far less expensive than starting an effective 501(c)(3). That can be very expensive, typically $28,000-$45,000 in first year costs. With GVNG, a charitable organization can be launched for a small startup fee and a low monthly fee that can usually be paid from funds raised.
GVNG manages the paperwork. Starting and managing a 501(c)(3) requires ten or more laborious steps and over 250 pages of forms to be compliant at federal level and in all states. And that’s just the first year – numerous financial reporting, tax, and compliance documents are required annually from federal and state agencies.