Economic Empowerment Foundation for Exempt Startups & Small Businesses (EEF-501c)™
6710 Laurel-Bowie Rd.
P.O. Box 609
Bowie, MD 20718
Website: https://FoundationFiscalSponsorships.com
Contact:
Chair FS Program Review Panel
Founder, CEO, Board Chair
FiscalSponsorships@501cEconomicEmpowermentFndn.org
Year organization became a 501(c)(3): 2015
Year of first fiscal sponsorship: 2015
Number of sponsored projects: 35
Fiscal sponsorship fee:
Our fiscal sponsorship program is category-based, and has modest application and registration fees. Additional costs for program services, delivered through us internally or with Pollination Partners, range on a sliding scale from free to below market rate. (See details under the fiscal sponsorship models we offer.)
Eligibility criteria:
- Other: Only entities in the U.S., District of Columbia and Puerto Rico. No internationals. We do not issue grants. Awards are based on our capacity to meet the applicants’ operational needs only. We are volunteers. Applicants must be able to qualify as an IRS tax-exempt organization without exception, even if at the idea stage or well into your 5th year as an IRS-approved 501C. For-profits with charitable projects or considering conversion to a non-stock 501c also are welcome.
Types of projects or services we sponsor:
- Arts and culture
- Children, youth and families
- Disaster relief
- Drug treatment
- Economic development
- Education
- Environment/sustainable growth
- Faith-based/religious
- Festivals and events
- Food insecurity/Nutrition
- Health
- Homelessness
- Housing
- International development
- Mental health
- Open space/Parks
- People or communities of color/minorities
- Political advocacy/social justice
- Social services
- Transportation
- Veterans
- Women
- Youth development
Services we offer projects:
- Auditing
- Bill paying
- Bookkeeping/accounting
- Computer IT
- Human resource management
- Insurance
- Legal services
- Office space
- Organizational development
- Payroll
- Receiving property and stock donations
- Tax reporting
- Other: We do everything to assist with operational needs, including small dollar lending thru our Helping Hand Fund, our federal credit union for 501c’s, face-2-face/virtual/mobile business center and market exchange.
Based on Fiscal Sponsorship: 6 Ways to Do It Right: Our model(s) of fiscal sponsorship are:
Models
- Model C, Preapproved Grant Relationship
- Model F, Technical Assistance
- Model L, Single Member LLC
Details: Model C and L: Our parent 501c Business Incubator Council provides proposal review and analysis services. We have a pool of grant professionals available for writing/development until our Fellowship Academy’s Grant Writer/Development Services Fellowship program resumes. We have begun recruitments for two chief development officers and a chief scholar in residence who will co-administer our Fellowship Program operations.
Model F and L: Our programs are customized based on the needs listed in the fiscal sponsorship application, then articulated in the awardee’s program’s registration. Service/support delivery is administered by our parent Incubator Council members who, if needed, may engage the assistance of Pollination Partners – individuals registered to serve through our 501c Small Business Collaborative.
Organizational description
A pre-teen volunteerism organization helping 501c startups became an LLC and its charitable foundation. Both exploded unexpectedly and have been retooled into the 501c Business Incubator Council and the Economic Empowerment Foundation for Exempt Startups & Small Businesses™. The assets we’ve expanded or created (live or relaunching) include: a chamber, founders association; 501c Federal Credit Union (charter pending) and small $1 lending; a Startup2SmallBiz Market Exchange; a discount supply network for business supplies, furniture, vehicles, IT and more; a fellowship academy: Biz2Trainee venues pairing 501c s with interns/fellows.