Nonprofit Tips for Producers: All you need to know about starting a 501c3 for your production company.
By Tanja Meding
Not-for-Profit corporations and how they can benefit producers was the topic of the 101 or 501, a panel discussion produced by PGA East Documentary and Employment Committees.
An expert panel provided firsthand experiences and important answers to all things 501(c)(3): legal, accounting and a non-profit organization as a business model, plus how to set up one’s own not-for-profit organization.
Moderated by PGA East Doc committee chair Shirley Escott
, panelists Tracie Holder
, Filmmaker and Program Consultant for the Production Assistance Program at Women Make Movies, lawyer Thea J. Kerman
, filmmaker Barbara Rick
, Financial Consultant Howie Seligman
and Juliana Steele
, Program Specialist for Fiscal Sponsorship at Fractured Atlas, addressed questions such as:
- Do you have an idea for a film and are you looking into funding from private sponsors and public grants?
- What does it mean when funders are asking for a fiscal sponsor or a not for-profit organization?
- When should you set up a non-profit organization versus using a fiscal sponsor?
- How can you actually make money with a non-profit organization?
|The 101 of 501
View the entire panel discussion featuring all the excerpts above and more. Tips for Producers on starting and maintaining a 501c-3 from legal and financial considerations to choosing a fiscal sponsor. (TRT 19:17)