Fiscal Sponsorship
Let us handle your nonprofit’s administration so you can focus on your mission.
Fiscal Sponsorship with Team Up is a complete and comprehensive solution that lets your organization concentrate on fundraising and impact, while we take care of everything else!
That means your organization will not be burdened with learning or managing accounting, human resources, taxes, and/or regulatory compliance.
What is a Fiscal Sponsorship?
The services we provide will be tailored to your organization’s specific needs. But generally, you can expect to receive:
Comprehensive bookkeeping and accounting, including regular and on-demand financial reporting.
Payroll processing
Medical, dental, vision and paid time off offered to your qualified staff
Tax reporting and filing
General Liability and Workman’s Comp insurance coverage
Assistance with grant applications
Grant tracking
Donation processing and donor acknowledgement
Best practices advice
What Services Can We Expect?
Fiscal Sponsorship FAQs
Do I need my own EIN?
No. Under our fiscal sponsorship, your organization will become a “project” of Team Up. That means you will use our EIN whenever promoted for this number. This also means you do not need to do any tax filings of your own.
Do I need to register with the Secretary of State?
No. For your own business purposes, you may want to. But we do not require it.
How will our finances be kept separate from yours?
In most cases, we will open a separate, joint bank account with your organization for which all of your income and expenses will flow through. We will keep a separate set of QuickBooks for your organization for easy reporting and tracking as well.
What sort of fee do you charge?
The type of fiscal sponsorship we offer is called Model A. With this type of sponsorship, your organization receives the most hands-on support of all the models. This inherently comes more risk and administrative cost to the sponsor (Team Up). Therefore, there is a 10% administrative fee for all our fiscally sponsored programs so that we can continue to provide the highest-quality support.
What is your application process like?
Please complete the narrative questions below and provide the appropriate and applicable documentation as indicated. Once we receive all of your information, we will review internally and determine if partnership seems like a good fit for both you and Team Up. If so, we will present your application to our Board of Directors for preliminary approval. If approved, we will get together with you to draft our final fiscal sponsorship agreement. Once completed, we will take this back to our Board for final approval and welcome you to the Team Up family!
Have More Questions?
Contact Team Up Vice President of Operations, Elise Savastano, at elises@teamupsw.org.
Application
Apply for fiscal sponsorship with Team Up today by clicking the link below.
Email Elise Savastano elises@teamupsw.org with any questions during the application process.
Current Programs Fiscally Sponsored by Team Up:
Community Emergency Assistance Coalition (CEAC)
CEAC is a group of dedicated organizations who provide one-time financial assistance to residents of La Plata and San Juan Counties.
Indigenous Wellbriety Program (IWP)
IWP uses the White Bison Wellbriety approach to addiction recovery, which honors Native American culture and helps uplift individuals to sobriety. IWP is based in Cortez, CO.
Pagosa Outreach Connection (POC)
POC is a cohort of dedicated organizations in Pagosa Springs who provide last-resort emergency financial assistance to residents of Archuleta County.
