Fiscal Sponsorship Pitfalls Nonprofit Ace Podcast

This week, we discuss how fiscal sponsorship can go wrong and damage an organization's reputation and financial standing if you select the wrong firm. Fiscal sponsorship is when an organization outsources their financial management to a third party. If you decide to employ an outside firm to handle your money, make sure you do your due diligence when selecting one. Hiring a firm capable of managing all your financial needs will help you prevent any hiccups down the road. It is imperative to interview several firms and not only those referred to you in order to find the best fit and ensure your finances are handled properly and soundly. 
 
Thanks for tuning into this episode of the Nonprofit Nuggets Podcast! If you liked what you heard, please leave a review and share this episode! 
 
Connect with Chyla and CNRG Accounting Advisory:
Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
Like us on Facebook: https://www.facebook.com/cnrgadvisory/
Follow us on Twitter: https://twitter.com/cnrgadvisory
Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
This Week’s Story
 
https://baltimorebrew.com/2020/08/20/inspector-general-opens-investigation-into-strong-citys-handling-of-grantee-money/
 
Podcast Resources
 
https://www.cnrgaccountingadvisory.com/About/
https://nonprofitnuggets.podbean.com/
 
DIY 990
 
https://www.cnrgaccountingadvisory.com/990/