Fiscal Sponsorship for Food Organizations Final Quiz

Who assumes responsibility for compliance and risk in a fiscal sponsorship?

A large nonprofit agency is getting ready to sign a Fiscal Sponsorship Agreement with a small 501(c)3 nonprofit. Which of the following items are required?

A group of residents wants to start a food pantry in their apartment building. A church has offered to sponsor them, but they don’t have insurance that covers the location. Should they accept the offer and then find another nonprofit to extend their insurance coverage?

Should a fiscally-sponsored project file IRS Form 990 at the end of the year?