Opportunity Arts is excited to announce a new fiscal sponsorship opportunity for our Affiliates through our partnership with Pentacle, a not-for-profit infrastructure support organization based out of New York City with over 40 years of experience providing fiscal services to the arts community.
As an Opportunity Arts Affiliate, you receive the following benefits from Pentacle:
Automatic membership to Pentacle's basic sponsorship program, Unique Projects at no extra fee.
Benefits
Ability to accept tax deductible donations.
Ability to apply for corporate/foundation funding and certain grants.
Discounted studio space.
The opportunity to join Pentacle's Unique plus, a fiscal sponsorship AND bookkeeping service at a discounted rate of $500 off the annual fee!
All the benefits of Unique projects, plus a bookkeeping component.
Monthly fiscal reports.
1099 tax form prep and mailing.
Access to a fiscal associate.
Unique projects: Unique projects is a basic sponsorship program which gives artists the ability to receive tax deductible donations and eligibility to apply and receive foundation grants. 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. An administrative fiscal sponsorship fee will be applied to all incoming donations/grants received by Unique Projects on the artists' behalf - 5.5% fee for unincorporated artists and 7.5% fee for incorporated artists.
Interested in applying? Complete the Unique projects Interview Form
Unique plus: Unique plus is a fiscal sponsorship and bookkeeping service. This 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 eligibility to apply and receive grants. Participating artists work one-on-one with a designated Pentacle administrator who will record all of the financial transactions for their project. An administrative fiscal sponsorship fee of 5% will be applied to incoming donations/grants that are received through Unique Plus on the artists’ behalf. Bookkeeping fees are based on income, starting at $1000/year for Opportunity Arts Affiliates.