Are donations made in the USA tax exempt?
Yes, please see information below to see our text exempt status.
I see the Amphibian Survival Alliance (ASA) has a fiscal sponsor, what does this mean?
As a new Alliance we want to focus our efforts on developing projects and having a positive impact on amphibians around the world as quickly as possible. Establishing an independent 501(c)(3) is expensive with some estimates stating that the process can cost upwards of USD$100,000. Fiscal sponsorship is an efficient, economic way to reduce the cost of running an organization and still maintain the integrity of the organization’s purpose. By establishing a fiscally sponsored project the Alliance is able to receive charitable status as well as financial administration, human resources management, governance, compliance, and risk management thereby avoiding using our project resources on administration and overhead.
What is the relationship between the fiscal sponsors and the Alliance?
Within the US the Alliance is an integral part of our comprehensive fiscal sponsors organization and not a separate legal entity. As such we are able to receive charitable donations and grants available only to tax-exempt organizations. The comprehensive fiscal sponsor is legally and financially responsible for all of our projects and activities.
Outside of the US the Alliance is developing additional partnership to help further our work. If you would like to know more about these partnerships please feel free to contact us.
Does the ASA operate as a nonprofit?
Yes, as a project of a fiscal sponsor we are a nonprofit and have 501(c)(3) tax-exempt status. The Alliance abides by strict federal regulations governing nonprofits, such as limits on lobbying and political activities, as well as our fiscal sponsors policies and procedures. The fiscal sponsors Board of Directors is responsible for all legal, taxation, and regulatory issues for the Alliance. The Alliance however has a leadership structure that is designated as caretakers of our mission, responsible for strategic planning, program oversight, fundraising, outreach, and assistance to and review of the Alliance Executive Director. If you would like to learn more about the Alliance governance please contact us.
What is a 501(c)(3) nonprofit organization?
The term 501(c) refers to a subsection of the United States Internal Revenue Code that lists the types of nonprofit organizations exempt from certain federal taxes. Section 501(c)(3) is one of the tax law provisions granting exemption from the federal income tax to nonprofit organizations that exist for religious, charitable, scientific, literary, or educational purposes, among others. See the IRS’s website for more information on the designation of charitable organizations.
How are donations to our fiscal sponsor handled?
Donations made to the ASA in the United States are provided to our fiscal sponsor. Using a fiscal sponsor satisfies IRS requirements as long as the fiscal sponsor maintains the right to decide, at its own discretion, how it will use the contribution, and in fact uses it consistently with its own tax-exempt status. Whenever funds are received by our fiscal sponsor we coordinate with them to ensure that the funds are spent in a way that meets both the needs of the donor and are in accordance with the fiscal sponsors mission. This means that every dollar donated is clearly tracked and approved to ensure that it goes to where it is most needed. If you have further questions about how ASA funds are us.