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Readiness Evaluation

Here is a checklist of considerations you'll want to review before you enter into a fiscal sponsorship relationship.

 

I have an artist’s statement or mission statement for my project.
This should be short and sweet – not more than 3 sentences. Who are you? What do you do? Why do you do it?

 

I have identified possible income that requires a fiscal sponsor.
Common sources include:
Grants
Individual donations
In-kind donations (donations of goods – supplies, tools, equipment, silent auction items, etc.)

 

My project has a budget.
A list of tips to creating a good budget is here.
You can download a simplified budget template here.

 

My project has a reasonable timeline.
The grant process often takes several months – if you plan to seek grant funding, be aware of the funder’s deadlines and timetables for decisions, disbursements, and reporting requirements.

 

I know what my business structure is.
Some examples are:
Sole proprietorship/individual artist
Nonprofit incorporation
Nonprofit project affiliated with a different company

 

I have a separate bank account for my arts business/organization.
While this is not strictly necessary, it is highly, highly recommended to help keep track of your project’s income and expenses.

 

I have a bookkeeping system.
This does not have to be fancy – a spreadsheet, a check register, and a separate account are good places to start.

editIncubator Eligibility Questionnaire

Still not sure if Incubator is right for you? Test it out using this short survey.

Eligibility Questionnaire

Springboard Staff

Business Manager & Operations Assistant