Comprehensive (Full) Fiscal Sponsorship (TAPAZ handles all accounting & finance functions)
The fiscally-sponsored project becomes a program of TAPAZ, which maintains all legal and fiduciary responsibility for this sponsored project, its employees and activities. This allows unincorporated groups and alliances to engage in their mission work without building a new, separate corporate entity. Grants are applied for in the name of TAPAZ, and donations are made directly to TAPAZ. Funds are then disbursed to execute the program goals.
Grant-specific Fiscal Sponsorship (Only specific accounting & reporting related to a new grant)
TAPAZ provides administration and support exclusively for a specific grant being applied for by an existing organization that may have other programs running outside of the sponsored project.
TAPAZ serves as an outsourced bookkeeper, providing accounting, finance, bookkeeping, and bill pay service for organizations. Requirements to be considered for this service include: (a) being a 501c3, (b) having accounting policies and procedures in place, (c) having dedicated financial staff in charge, and (d) having an experienced board of directors.