ABOUT OUR FISCAL SPONSOR
Why does NIE have a Fiscal Sponsor?
Next Iteration is a theatre ensemble, a company of actors and theater professionals, in Houston. As such, we need time to develop innovative, original new work and programs. By having a fiscal agent that is a 501c-3 organization we can raise tax deductible* dollars.
Theatre artists get into the business of ensemble work because they love their craft, the have spent hours and years developing their skills and making theatre. This is their profession. But the cost of tickets is unlikely to be able to support the time and efforts it makes to pay artists a living wage for their full time work. So we need investment in our innovation and work.
NIE believes in theater that gives back to its community by developing programs to further the creative and professional life of Houston actors, by making affordable theater accessible to everyone, by bring theater training to youth and adults, and by creating theater that represents all voices.
By having a fiscal agent that also keeps accounts of our donations and expenses and makes sure we are working within federal parameters as we utilize our funds, frees us up to do the creative work that is our mission. Fractured Atlas make our fundraising information available to us at all times.
The fiscal agent does not solicit funds for NIE nor do they share NIE's information with others, of course other than any reporting required by the IRS.
Why did we choose Fractured Atlas?
Fractured Atlas was founded in 1998, when they worked basically in NYC. After 2002, they reinvented themselves and became a much needed national arts service organization. They now have over 250,000, theater companies, dancers and artists of all genres as members benefiting from their network of support services. Our Artistic Director began working with Fractured Atlas around 2002 and has consistently found them to be knowledgeable and attuned to the needs of start-up and ongoing arts endeavors. Fractued Atlas's experience and expertise gives Next Iteration Ensemble the biggest bang for every dollar we raise.
How much of my donation does Fractured Atlas receive for their services?
Fractured Atlas charges Next Iteration 7% of our donations as a fee for their services. Donors, at the time of their online donation, have the option of having this amount deducted from their gift or they can add it to their gift. At NIE we are thrilled to pay this 7% considering the breadth of services we received from Fractured Atlas.
What does Next Iteration receive for that percentage or funds?
Fractured Atlas files all required donation reports to the IRS
Donor receipt production for all donors
An online platform to raise money, sell tickets, register for classes, etc. seamlessly through their Artful.ly connection
Constantly updated, downloadable spreadsheets of our donations
Approval of all fundraising letters to meet all legal and IRS regulations
Fractured Atlas's quick online help for any of our questions
Resources for the best insurance rates for all of our insurance needs
Grant writing support
Fractured Atlas and Artful.ly also alert us to grant possibilities, send us their national newsletter, and share their expertise with us whenever we need it.
Tell me more about Fractured Atlas.
The best way to understand Fractured Atlas and their organization is to visit their website. Check them out here
* Next Iteration Ensemble is a sponsored project of Fractured Atlas, a non-profit arts service organization. Contributions for the charitable purposes of Next Iteration Productions must be made payable to “Fractured Atlas” only and are tax-deductible to the extent permitted by law.
Fractured Atlas Data
artists and organizations served:
Next Iteration Productions is a sponsored project of Fractured Atlas, a non-profit arts service organization. Contributions for the charitable purposes of Next Iteration Productions must be made payable to “Fractured Atlas” only and are tax-deductible to the extent permitted by law.