Innovative Charitable Initiatives, Inc.

Innovative Charitable Initiatives, Inc.

272 Broadway
Albany, N.Y. 12204
(518) 434-9194
Website: https://www.iciinc.org

Contact:
Keri Kramer
Accountant & Client Coordinator
info@iciinc.org

Year organization became a 501(c)(3): 2006
Year of first fiscal sponsorship: 1998
Number of sponsored projects: 13

Fiscal sponsorship fee:
Engagement fee, $400; fiscal sponsorship services, $40/hour, billed in 1/2 hour increments (1/2 hour minimum), include bank reconciliations, cash receipts and disbursements, file maintenance, third-party reporting/vouchering, general ledger, subsidiary ledger maintenance, budgeting assistance, accounts receivable/payable maintenance, payroll journal maintenance.

Eligibility criteria:

  • Aligned mission values
  • Has an advisory group

Types of projects or services we sponsor:

  • Arts and culture
  • Children, youth and families
  • Disaster relief
  • Economic development
  • Education
  • Environment/sustainable growth
  • Festivals and events
  • Health/nutrition
  • Mental health
  • People or communities of color/minorities
  • Political advocacy/social justice
  • Social services
  • Women
  • Youth development

Services we offer projects:

  • Auditing
  • Bill paying
  • Bookkeeping/accounting
  • Computer IT
  • Human resource management
  • Insurance
  • Legal services
  • Organizational development
  • Payroll Tax reporting

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

  • Model A, Direct Project
  • Model B, Independent Contractor Project
  • Model C, Preapproved Grant Relationship

Organization description:
Innovative Charitable Initiatives, Inc. (ICI) offers administrative services including fiscal sponsorship, employee administration, and a temporary home for programs in transition to emerging charitable organizations or funders supporting transitioning programs. With ICI as a charitable home, our back-office support and guidance allows emerging or transitioning groups to incubate and focus their efforts on developing their mission, services and programs.