Pentacle’s Fiscal Services offer reliable financial support for artists. Services include full fiscal administration for incorporated companies, fiscal sponsorship for individual artists, and bookkeeping services that meet individual companies’ and artists’ needs. With programs that fit every size and business type, our goal is to empower artists with the tools they need for success.
Fiscal Services
Fiscal Administration
Fiscal Administration is an all-inclusive program designed for 501(c)(3) arts organizations. The company works directly with a dedicated administrator who handles all of the fiscal tasks including bookkeeping, financial reporting, payroll administration, receipt of income and payment of bills.
Fiscal Sponsorship
Fiscal Sponsorship offers individual artists and companies the legal and tax-exempt benefits of a 501(c)(3) organization without the challenges of incorporating. Pentacle's multiple Fiscal Sponsorship offerings come at a range of levels, and can be utilized by artists at all stages of their careers.
Bookkeeping
Bookkeeping helps artists build better financial practices and organizational systems by accurately recording and tracking all of their financial transactions. Our bookkeeping service can be customized for companies and individual artists with budgets of any size.
Financial Care
Financial Care begins with a financial assessment provided by a Pentacle Staff Member, which which helps diagnosis and create a customized treatment plan outlining what is necessary to build a strong financial structure. The most common treatment plans will address cash flow issues, the effects of staff changes, and/or the lack of sound financial policies and procedures.
Pentacle’s Fiscal Services are supported, in part, by public funds from the National Endowment for the Arts, the New York State Council on the Arts with the support of Governor Kathy Hochul and the New York State Legislature, and the New York City Department of Cultural Affairs in partnership with the City Council. Pentacle receives private support for its Fiscal Services from the Howard Gilman Foundation, The Hyde and Watson Foundation, The Jerome Robbins Foundation, and The Harkness Foundation for Dance.