TSNE MissionWorks
89 South St., Suite 700
Boston, MA 02111
(617) 523-6565
Website: www.tsne.org
Contact:
Michael Nagavkar
Associate Director, Finance
mnagavkar@tsne.org
Year organization became a 501(c)(3): 1959
Year of first fiscal sponsorship: 1959
Number of sponsored projects: 59
Fiscal sponsorship fee:
Our fees are assessed on a monthly basis as a percentage of expenses and are based on the complexity and volume of financial and human resources services, transactions and reports required. Fees range from 9% to 14% and are inclusive of organizational assessments, insurance coverage, trainings, and audit costs.
Eligibility criteria:
- Aligned mission/values
- Geographic: Based in New England states and New York
- Has an advisory group
- Other: Competent leadership. Minimum two-year commitment. In most cases, we require groups to have funding in hand or pledged. We take on a small number of groups that do not yet have identified funding, but have a viable fundraising plan that would allow the organization to reach $150,000 in annual funding within a few years.
Types of projects or services we sponsor:
- Children, youth and families
- Economic development
- Education
- Environment/sustainable growth
- Health/nutrition
- Mental health
- People or communities of color/minorities
- Political advocacy/social justice
- Women
- Youth development
- Other: We work with groups that are community-based or constituent-driven, or those groups that empower communities or constituent groups to have an impact on the systems that affect their lives. Our client organizations can be in a range of fields, as long as they embody this principle.
Services we offer projects:
- Auditing
- Bill paying
- Bookkeeping/accounting
- Computer IT
- Human resource management
- Insurance
- Legal services
- Organizational development
- Payroll
- Receiving property and stock donations
- Tax reporting
- Other: We practice the model of fiscal sponsorship where all of our clients come under our 501(c)(3) status, and the staff members come onto our payroll and benefits plans. This means that their financial information is included in our annual audit and tax filings, and they are automatically covered by our general liability and property insurance. We offer limited assistance with IT and legal issues,, facilitate organizational assessments with our clients and provide trainings (usually free of charge).
Based on Fiscal Sponsorship: 6 Ways to Do It Right: Our model(s) of fiscal sponsorship are:
- Model A, Direct Project
Organization description:
TSNE MissonWorks, formerly Third Sector New England, provides support, training and management resources to strengthen nonprofit organizations and build the capacity of the progressive nonprofit community. We are committed to helping fellow organizations hone their ability to anticipate, adapt to and create social change. As stronger, more resilient organizations, they can better engage people in community and public life. TSNE’s programs and services include fiscal sponsorship, management consulting, executive transition support, evaluation services, and grant making to foster diversity and capacity building. Equally important is our emphasis on sharing best practices and promoting wider recognition of the nonprofit sector’s vital role within the United States.