Foundation for Independent Artists, Inc. (FIA)

c/o Pentacle, 75 Broad St., Suite 304
New York, NY 10004
(212) 278-8111 x318
Website: http://www.pentacle.org/administrative-services/fiscal-sponsorship/

Contact:
John Hoobyar
Fiscal Administrator
johnh@pentacle.org

Year organization became a 501(c)(3): 1981
Year of first fiscal sponsorship: 1981
Number of sponsored projects: 9

Fiscal sponsorship fee:
FIA charges artists a fee of 5% of all earned and unearned income received against a minimum of $2500 paid in fees per fiscal year.

Eligibility criteria:

  • Type of service: Performing Arts
  • Minimum budget: $50,000 annual operating budget

Types of projects or services we sponsor:

  • Arts and culture: Dance, Theater, Interdisciplinary/multimedia including either dance or theater

Services we offer projects:

  • Auditing
  • Bill paying
  • Bookkeeping/accounting
  • Insurance
  • Payroll
  • Tax reporting

Based on Fiscal Sponsorship: 6 Ways to Do It Right: Our model(s) of fiscal sponsorship are:

  • Model A, Direct Project

Organization description:
Foundation for Independent Artists, Inc. (FIA) is a 501(c)(3) not-for-profit corporation established in 1981 and administered by Pentacle to serve the needs of emerging and mid-career artists. FIA functions as a crucial step to unincoporated companies whose activities have outgrown what’s provided by a fiscal sponsorship program but are not ready for the management of their own 501(c)(3) organization. In addition to providing an immediate corporate structure to unincorporated/independent artists, putting them in compliance with employment laws and providing access to new funding opportunities, member artists receive comprehensive fiscal administration of their professional activities. Working in Quickbooks Pro software, FIA will create and maintain a complete general ledger and administer all inflows and outflows of funds.

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