Fiscal Sponsorship 101

Pensacola Community Action Network is a non-profit corporation operating under Section 501(c)(3) of the IRS tax code. PensacolaCAN supports environmental and social projects with special emphasis on providing transparency to donors and simplified administration for nonprofits.

Through our Fiscal Sponsorship Program, PensacolaCAN assists individuals and community organizations consistent with its mission by providing administrative support, tax-exempt status, and fiscal sponsorship. The purpose of the PensacolaCAN Sponsorship Program is twofold:

First: Provide managerial support and guidance to individuals and organizations so that they may implement temporary projects or initiate development of a long-term organization.

Second: Ensure funding agencies and contributors that funds are well-managed, spent according to their guidelines, and that proposed services are delivered.

The application can be downloaded or submitted by following this link.

As your Fiscal Sponsor, PensacolaCAN is able to provide:

• Accountability to funding sources through the monitoring of sponsored project expenditures to ensure that they are consistent with the original proposals, contracts, or funding letters

• Administration of grant funds

• Presence on our website

• Access to PensacolaCAN’s shared administrative resources

Please note: In order to receive sponsorship, projects must be approved by PensacolaCAN. Applications are welcome at any time. Every sponsored project remains a separate legal entity that is liable for its own taxes, insurance and debts. Both temporary projects and developing organizations can be considered for fiscal sponsorship.

Benefits of Fiscal Sponsorship with PensacolaCAN

INCREASED EFFICIENCY AND REDUCTION OF PAPERWORK

Sponsored community service projects can begin to deliver programs and services quickly. As a sponsored project you do not have to create your own nonprofit status and go through time-consuming filings.

COST-SAVINGS

PensacolaCAN helps your project save money by providing you with access to shared administrative and marketing services.

NETWORKING

PensacolaCAN provides a network of allies, contributors, similar projects, pro bono resources, and volunteer connections who can support and aid your project.

NO NEED FOR A BOARD OF DIRECTORS

PensacolaCAN removes the requirement for each sponsored organization to have its own Board of Directors. This allows the visionary to have more control over the design and implementation of their project.

FUNDING CREDIBILITY

PensacolaCAN provides an added layer of oversight and transparency to your project making it more appealing to potential donors.

IMMEDIATE FUND RAISING

Our sponsored projects can immediately begin to solicit and receive tax-deductible donations.