Independent Filmmaker Project Minnesota

550 Vandalia Street, Suite 120
St. Paul, MN 55114
(651) 644-1912
Website: www.ifpmn.org/fiscal-sponsorship

Contact:
Andrew Peterson
Executive Director
jminton@ifpmn.org

Year organization became a 501(c)(3): 1999
Year of first fiscal sponsorship: 2007
Number of sponsored projects: 30

Fiscal sponsorship fee:
5%. Fiscal sponsorship fees vary from organization to organization and in some cases they may equal 10% of the contribution. A $500 fee is charged initially; this will apply to the first $10,000 raised through the program. Thereafter, fees are paid at the time of the contribution. Fees cover administrative costs and bank charges. IFP MN will charge the project for any liabilities or direct expenses it incurs on behalf of the project, such as legal fees, late fees, etc. All contributions received are depositied into IFP Minnesota's federally insured bank account. After 3-5 business days, IFP MN will issue a check in the same amount, minus any fees, to the project. IFP MN will accept up to $50,000 on behalf of a fiscal client. Larger sums require advance approval by the executive director and/or the IFP MN Board of Directors.

How are funds disbursed: Once funds are contributed on behalf of your project, IFP MN will issue a check to the project director or your production company and not to individual vendors, the project director or production company usually establishes separate bank account for the project.

Tax Reporting Requirements: Project is responsible for maintaining its own financial records. You should consult your tax advisor concerning your participation in the program and proper tax reporting. IFP MN will provide its 501(c)(3) letter from the IRS and a letter stating filmmaker's status as a fiscal sponsorship client and as an IFP MN member. Upon request from foundations that the filmmaker is applying to, we will provide documentation (such as IP MN's Form 990, budgets, etc). Filmmaker is responsible for including copies of the 501(c)(3) letter and for acknowledgements to donors for the project. IFP MN requires an annual report from the fiscal client on the progress of the project, and an income/expense report on grants/donations received and how these funds were expended.

Eligibility criteria:

  • Aligned mission/values
  • Geographic
  • Other: To be considered for the IFP Minnesota Fiscal Sponsorship Program, your project must fall into any of the following categories: 1. Documentary films and other works of nonfiction. 2. Films produced by first-time filmmakers (or students). 3. Works of fiction with proposed budgets that do not exceed Tier 1 of the IATSE National Agreement, currently $3.6 million. At IFP MN, applications are available online, accepted year-round and reviewed every two weeks. After being accepted into the fiscal sponsorship program, you will take part in a 30-minute meeting with our executive director, and after that, you're "up and running."

Types of projects or services we sponsor:

  • Other: Film, video and photography projects.

Services we offer projects:

  • Receiving property and stock donations
  • Other: Benefits of IFP MN Fiscal Sponsorship: Credibility and Reputation: IFP MN's respected programming opens the door to valuable industry services and a wide network of industry relationships intended to complement those services. Your Project on www.ifpmn.org: Our Website is the one of the most recognizable URLs in the independent film sector. As a fiscal sponsorship participant, you can publicize your project to potential donors and allow donors to link to your Website for donation information. The site will also offer access to useful information, interviews and sample proposals on fundraising, production, marketing and distribution. Individual Consultations: Throughout your project's development, you can access staff to discuss your fundraising and film distribution strategies and tactics to identify, target and approach. Tap us for strategic advice on proposals to specific donors, help in understanding your distribution options as you move into post-production, and assistance with resource allocation or establishing a budget. Up to 25% off IFP MN Classes, Seminars & Conferences: You will receive discounted access to all IFP workshops on the art, craft and business of writing and making movies for film and TV. FILMMAKER Magazine: A one-year subscription to FILMMAKER: The Magazine of Independent Film, now in its 12th year. Other benefits: IFP Fiscal Sponsorship participants also receive access to discounts on many steps of the filmmaking process (from film stock to post-production services), free one-on-one sessions with staff on such issues as post-production, legal, festival and distribution/foreign sales, and free monthly screenings of great new short films at the Cinema Lounge with writers, directors, and producers who are interviewed by the Lounge host.

Organization description:
IFP Minnesota's mission is to advance a vibrant and diverse community of independent film and media artists through networking, education, funding, and opportunities for showcasing their work.

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