Foundation for Independent Artists, Inc. (FIA)
c/o Pentacle
3 Lafayette Ave.
Brooklyn, NY 11217-1415
(212) 278-8111 x3428
Website: https://www.pentacle.org/services/financial/sponsorship/fia/
Contact:
Lillian Osei-Boateng
Fiscal Sponsorship Manager
fia@pentacle.org
Year organization became a 501(c)(3): 1981
Year of first fiscal sponsorship: 1981
Number of sponsored projects: 7
Fiscal sponsorship administrative charge:
$4,000 per year or 8% of all income (earned and contributed) received on artist’s/project’s behalf.
Eligibility criteria:
- Type of service: Performing Arts
- Minimum budget: $50,000 annual operating budget
Types of projects or services we sponsor:
- Other: An alternative to establishing and maintaining your own corporation: Use of FIA’s not-for-profit umbrella to apply for government, foundation and corporate grants, as well as allowing private donors to take a tax deduction on their donations. Entering into agreements for earned income under FIA’s nonprofit corporation. Full financial accounting services including bookkeeping and payroll. Financial and organizational planning. General Liability, Workers Compensation and Unemployment Insurance.
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 (FIA) is a comprehensive fiscal sponsorship program providing performing artists/projects with a corporate “home,” 501(c)(3) incorporation without the challenges of incorporating. Participating artists/projects work with a dedicated team to build their financial infrastructure, implement best business practices, and work toward a sustainable creative practice. FIA is ideal for performing artists/projects looking for financial services, insurance, the ability to raise contributed income, without incurring the cost of hiring in-house staff, and who are open to exploring sustainable, affordable management models.