Fiscal Sponsorship Allies Inc

Nonprofit profile at a glance

EIN
850839183
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Indianapolis, IN, USA
Phone
4632290229
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$87,400,211
Expenses
$87,301,266
Assets
$4,541,949
Liabilities
$562,184

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • OLIVIA FROEDGE (CEO)

Highest reported compensation

  • ZACHARY KESTER (CHAIR, FORME): $306,767 total reported compensation
  • ROBERT MILLER (SECRETARY): $181,452 total reported compensation
  • OLIVIA FROEDGE (CEO): $152,793 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fiscal sponsorship allies, inc. Exists to provide the best fiscal sponsorship services at affordable rates to those engaging in charitable work for the larger community.

What it reported doing in 2025

Fiscal sponsorship allies operates a model c (pre-apprioved grantor-grantee relationship) fiscal sponsorship program--in which fiscal sponsorship allies receives donations for a given charitable project's purposes, retains discretion and control over the funds, grants them to sponsees for use in furtherance of the sponsee charitable projects, and requires recordkeeping and reporting to confirm that the funds were spent properly.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.6%; rating input score 100
  • Program expense ratio: 99.8%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 15th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99%; rating input score 99; 45th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.1%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 0.2%; rating input score 88; 88th percentile among comparable filings

Growth

  • Program expense growth: 64.7% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 63.3% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 43.2% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 99.6% of revenue deployed · 99.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $87.1M in reported program spending
  • Leadership: top reported pay $307K · 6 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 26 of 27 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.