Fee Structure

Innovative Charitable Initiatives, Inc. makes available affordable and quality fiscal sponsorship services to selected nonprofit organizations and community groups. All accounting records are maintained on Fund E-Z accounting software. Terms, services, and fees are defined in a written Memoranda of Understanding specific to each organization’s mission and needs. A standardized fee structure applicable to Client organizations is outlined below. All organizations must be a member in good standing with the New York Council of Nonprofits, Inc.

Fees for Fiscal Sponsorship Services

ICI services are provided under a fee-for-service arrangement and charged as follows:


  • Engagement Fee                         $400 engagement fee

  • Fiscal Sponsorship Services     $46/hour - billed in 1/2 hour increments (1/2 hour minimum)

                 Fiscal Sponsorship Fees includes:

  • Bank Reconciliations

  • Cash receipts and disbursements

  • File maintenance

  • Third-party reporting/vouchering

  • General ledger, subsidiary ledger maintenance

  • Budgeting assistance

  • Accounts receivable/payable maintenance

  • Payroll journal maintenance

  • Financial reports: $25.00 per report

  • Vouchering: $46 per hour, billed in minimum1 hour increments – 1-hour minimum

  • A pro-rata share of ICI's professional and other insurance will be allocated to our fiscal sponsorship groups on a quarterly basis

  • Reimbursements to ICI for postage used: billed at actual dollar amount per month

  • Reimbursements for facsimile pages, incoming or outgoing: billed at $1.00 per page

  • Photocopies: $0.10 per page

  • Additional fees may be incurred for consultations w/ICI’s Audit firm

  • Fees may be waived by prior agreement for applicable administration percentage

  • 10% administrative fee to cover incidental charges and administrative support

Please Note: Interest earned on any funds covered by this arrangement is retained by ICI.

All fiscal sponsorship clients may utilize NYCON Consultation and Training services at their member rates, posted at www.nycon.org .

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