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The 101 of 501(c)

Posted By Administration, Monday, February 06, 2012
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?
Tracie Holder  
Fiscal Sponsorship

Juliana Steel
What a Fiscal Sponsor can Do for You
Barbara Rick
Starting a Not-For-Profit
Thea Kerman
Starting a 501c3 a Legal Perspective
Howie Seligman
Record Keeping for Not for Profits

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)


Tags:  non-fiction  PGA East 

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