The onboarding process is designed to ensure that all fiscally sponsored programs understand the structure, policies, and expectations required to maintain a successful partnership with NOPI.
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View the recording and transcript from our 10/3/24 Onboarding/Open Office Hours
onboarding starts at the 22:15 mark
NOPI Onboarding Summary
The NOPI Onboarding process is designed to ensure that all fiscally sponsored programs understand the structure, policies, and expectations required to maintain a successful partnership with NOPI. Below are the key components of the onboarding process:
1. Fiscal Sponsorship Overview
NOPI operates as a Model A, Model C, and Model F Fiscal Sponsor. These various models allow programs to focus on their mission without needing to establish their own nonprofit status and/or infrastructure. NOPI handles many administrative tasks, including compliance, financial reporting, and donation processing.
2. Financial Policies and Fundraising Requirements
Programs are required to meet specific fundraising thresholds to maintain sponsorship:
- Minimum Fundraising: $1,200 annually ($100 per month) or $12,000 per year to waive the monthly minimum.
- Donation Processing: NOPI manages donation processing, ensuring that all contributions are acknowledged and allocated correctly. Programs must submit any necessary documentation for larger gifts or grants.
3. Financial Management and Reporting
NOPI emphasizes transparency and accuracy in financial reporting:
- Expense Reporting: Programs must submit receipts for expenses, and there is a zero-tolerance policy for missing or delayed receipts.
- Negative Balances: Programs are responsible for covering any negative balances through contributions or additional fundraising.
4. Fund Access and Payroll Procedures
Programs must request funds at least 15 business days in advance to ensure smooth disbursement. Additionally, programs are responsible for submitting payroll requests in a timely manner to avoid delays in staff and contractor payments.
5. Program Operations and Communications
All sponsored programs must operate in line with the mission and goals stated in their sponsorship agreement. Additionally, any external communications, such as social media or press releases, must follow NOPI’s Communications Policy to ensure consistent messaging and compliance with nonprofit regulations.
6. Compliance and Termination
NOPI reserves the right to terminate sponsorship for programs that fail to meet their financial or operational requirements, including non-compliance with fundraising thresholds or IRS regulations. Regular compliance checks and an annual review process are in place to monitor performance and ensure all programs adhere to these guidelines.
Conclusion
The onboarding process provides programs with a clear understanding of NOPI’s expectations and the resources available to help them succeed. By following the guidelines set during onboarding, fiscally sponsored programs can focus on their mission while NOPI handles administrative, financial, and compliance matters.
For any questions or additional guidance, programs are encouraged to contact us and utilize the NOPI Knowledge Base for support.