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Asked 399 days ago by a user from Beverly Hills, CA

I have a 501(c)(3) nonprofit and another nonprofit (but not tax exempt) has asked that my organization be a fiscal sponsor.

I am aware of the sponsorship models and my requirements to act as sponsor. However, I can't figure out if I need to file any kind of form or amendment to my 1023, with the IRS, indicating that I am planning to act as a fiscal sponsor. Is there such a requirement?

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Answer 1 of 1 - Answered 393 days ago

Ashley C. L. Brown - Lawyer from Newport Beach, California

There may be tax and legal issues to consider here. Make sure that you consult with your accountant and with an attorney knowledgeable in the area of nonprofit law.

View Attorney Profile | Phone: (949) 478-1929 Abuse

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