You focus on strategy, program development and fundraising. We’ll take care of the rest.
We provide all the financial, human resources and other core functions nonprofits desperately need and often lack. But don’t make the mistake of thinking we just provide these services only to small start-ups. Our full suite of business services are also in demand among mid-size and larger community projects, too.Think how much more time you could devote to the issue that ignites your passion if only those nagging business issues didn't keep getting in the way. Think of us as an incubator and outsourcing firm that handles the operational headaches.
What is Fiscal Sponsorship?
Fiscal sponsorship is a formal arrangement in which a 501(c)(3) nonprofit organization sponsors a project that may lack exempt status. This alternative to starting your own nonprofit allows you to seek grants and solicit tax-deductible donations under the sponsor's exempt status.
OneOC is legally and financially responsible for all of our fiscally sponsored projects and activities. Projects are not separate entities or affiliated organizations, rather they are a part of OneOC. Because they are an integral part of OneOC and not separate legal entities, projects are able to receive charitable donations and grants available only to tax-exempt organizations.
OneOC fiscal sponsorship provides community projects and initiatives with:
- administrative support
- the opportunity to focus on programs and fundraising during the early stages of their organizational growth
- tax‐exempt status for short-term projects and events
Additionally, OneOC’s Board of Directors has full governing authority, and full legal and fiduciary responsibility, for all projects, employees, and activities of our fiscally sponsored projects. OneOC staff monitors and maintains project finances, human resources, payroll, leases, contracts, and insurance to uphold OneOC’s legal nonprofit status, to ensure all projects follow the IRS regulations, and to maintain compliance with the law.
Benefits of Fiscal Sponsorship
- Generating accounting records and financial reports
- Administering grants and reports
- Check processing and issuance for expenses, W9s and 1099s
- Managing income and disbursements
- Managing outside audits and reviews
- Making payroll tax remittance and filings
- Preparing federal and state annual returns
- Providing receipts and acknowledgements for donations and grants
- Managing all employment and full benefits administration
- Ensuring documentation & compliance
- Overseeing the institution and implementation of personnel policies, procedures and mandated trainings
- Providing comprehensive liability, umbrella, volunteer, employment practices liability insurance
- Ensuring county, state, and federal regulations and contract compliance
- Managing contribution records, reports and acknowledgements
- Providing grant documentation and oversight
- Reviewing grant applications for policy and legal compliance
- Attending key committee and major funder meetings
- Approving fundraising event applications
- Reviewing fundraising events for policy and legal compliance
- Financial management of fundraising event
Starting a nonprofit and gaining 501c(3) tax-exempt status on your own is time-consuming and can be expensive, as is developing the administrative, legal, and financial operations necessary to build and grow a nonprofit. Fiscal sponsorship saves projects time and money by providing tax-exempt status and a shared administrative services. You can become a project as an interim step before creating your own 501c(3) organization, or like some of our projects, you can benefit from the efficiencies and cost savings of our shared platform for an extended period of time. Working under the umbrella of a fiscal sponsor makes sense for projects that are just starting out, short-term or one-time events, or collaborative efforts.
Click here to view a comparison chart between a 501c3 nonprofit, private foundation, and fiscally sponsored project
A well-run nonprofit can expect to spend between 20-30% of annual revenue on administrative and overhead expenses. For the comprehensive suite of back-office services, including financial, HR, risk management, and capacity-building support that OneOC provides, projects pay only six to ten percent (6-10%) of their annual revenue. The range depends on size of project and human resource needs.
OneOC focuses solely on accelerating nonprofit success in Orange County. We are passionate about nonprofits and strengthening Orange County, and we seek to support those who share our vision. Our projects benefit from being part of our 50+ year history; and at the same time, we are small enough to offer customized, individual attention with excellent service yet large enough to provide a full array of services to help you build your organization.
To get started, submit a “Letter of Interest” (LOI), 1-2 pages sharing basic information about your initiative’s ideas and plans, including:
- Planned program services and activities
- Proposed funding
- Key leadership, who is ensuring success
Submit your letter to Valerie Fryer, Director of Finance, at [email protected].
We will contact you with the next steps within two to three weeks of receipt of your LOI. Should your plans fit OneOC’s mission and goals, we will ask you to submit an application with more program and budget details.
View OneOC's current, past, and graduated fiscal projects.