Resources

FISCAL SPONSORSHIP

The Detroit Parks Coalition offers fiscal sponsorship and capacity support for projects or programs supporting healthy, equitable & vibrant parks in Detroit. All sponsored projects must demonstrate alignment with DPC’s mission and values.

TIER 3 – 5% of incoming revenues

• DPC receives all grant funds and/or contributions on behalf of sponsored project

• DPC holds grant funds and/or contributions and remits to sponsored project

• Sponsored project manages all activities, payments, and reporting

• DPC sends all required acknowledgments to donors of tax-deductible contributions

• DPC administers all funds that sponsored project will use to carry out its activities.

• Sponsored project will invoice DPC for payments.

• Sponsored project completes all narrative and financial grant reports; DPC submits with required information.

TIER 2 – 7% of incoming revenues

• DPC manages payables for sponsored project, including processing payments, collecting application documentation, and tracking expenses

• DPC maintains a policy of comprehensive general liability insurance and other insurance, including but not limited to unemployment and worker’s compensation insurance to cover the project activities.

• DPC provides project updates to key stakeholders as necessary

TIER 1 – 10% of incoming revenues

• DPC provides consulting/advisory services on programs, accounting system implementation, and financial, operational, or governance policies

• DPC enters into consultant contracts with and provide fiscal oversight for person(s) who perform work on the project

• DPC writes grant reports and administers grant application process

• DPC process payroll, income tax withholding and reporting