Fiscal Sponsor Organizations

[the] 501c3 [i’m in doesn’t] exist to just fiscally host—supposedly that’s not allowable—not sure if that’s true—can anyone confirm/deny that?
[….]


[we are] super interested in egalitarian education via peer support and experimentation in order to improve society, especially bc our communities r also feeling this type of energy and direction. so we’re going for W99 and dropping R99. i just started a dialogue with the IRS last week about changing it.

hopefully there’s something useful in there.

@Christopher Preciado It’s nuanced, but basically “fiscal sponsorship” in and of itself is not an exempt purpose, so the FSO/FSP activities need to further the FS’s exempt purposes. A bunch of us here probably have NTEE codes all over the place; and fiscal sponsorship is the business model we use to further our exempt purposes.

We use Management & Technical Assistance (S02)

ETA: This code has not ever prevented us from receiving a grant for one of our FSOs

fwiw we did successfully change our ntee by using these instructions https://www.legalforgood.com/post/ntee-codes-what-they-are-and-how-to-change-them

in researching the above issue i became curious if it’s possible for a 501c3 to have multiple NTEEs—we don’t have multiple NTEEs and we didn’t try that.