Services & Fees
Once accepted, a project becomes part of the Colorado Nonprofit Development Center, a fully qualified, tax-exempt public charity. CNDC shares the benefits of its corporate and tax status with approved projects and agrees to be financially accountable for the projects’ charitable dollars.
In addition to the following services, the Colorado Nonprofit Development Center offers a nurturing, supportive environment to help project leaders achieve their project's community service goals.
Services
Compliance
• Benefit of CNDC’s tax-exempt designation by the
Internal Revenue Service.
• Tax filings with the IRS as part of CNDC’s return.
• Registration with the Colorado Secretary of State for
Charitable Solicitations.
• Assistance with filing paperwork with the IRS and
Secretary of State once the project is ready to
become its own legal entity. (Projects must be with
CNDC a minimum of six months prior to filing
separation paperwork.)
Financial and Administrative Support
• Record keeping and reporting of project finances,
including cash receipts and disbursements.
• Monthly balance sheet, income statement and
general ledger report.
• Assistance in developing a budget and monitoring
cash flow.
• Tracking of restricted funds.
• Daily deposits and check runs twice a week.
• Inclusion in CNDC’s year-end audit.
• Financial reporting and billing for reimbursable
government grants.
• Administration of property, liability and other
insurance as needed.
• Acknowledgement to donors of tax-deductible
donations.
Human Resources
• Employment by CNDC of all project staff under a
uniform set of personnel policies with salaries and
wages, federal and state taxes, workers' compen-
sation, employee benefits, and other employee-
related expenses paid from project funds.
• Benefits available to qualified project employees
include health, dental and life insurance and non-
matching 401K plan.
• Administration of benefits and workers' compensation.
• Payroll and tax accounting for project staff.
Capacity Building
• Coaching and leadership development for the project
director on fundraising, board development, strategic
planning, and volunteer management.
• Assistance and consultation on budgeting, finance,
and human resources.
• Regular email, phone and in-person contact.
• Access to CNDC’s online help desk for 24/7
assistance on nonprofit management topics and easy
access to CNDC forms.
• Regular seminars on nonprofit management issues.
• Networking with other project leaders.
Fees
The Colorado Nonprofit Development Center keeps administrative charges to 9% of project revenues by sharing costs across all projects. This fee is assessed as project revenues are received by CNDC. The small amount of interest income generated by project funds in CNDC's bank account is also part of the administrative charge.
Projects must meet an annual minimum project fee of $495. In other words, projects that raise less than $5,500 in a year must pay up to $495 in fees. Projects that raise more than $5,500 pay no additional fee other than the 9% administrative charge on revenue. The annual minimum project fee is pro-rated the project’s first year.
In addition, once accepted, projects pay a $50 set-up fee at the time a Memorandum of Understanding is signed. The fee goes toward initial expenses such as background checks of the directors and registering the project name with the Secretary of State.
"At the time, we were a handful of families trying to establish a high-quality, full-time cooperative day care. The Nonprofit Development Center was there to provide all the key administrative functions, including bookkeeping, payroll, benefits administration and general liability insurance. Just three years later, Explore & Discover has evolved into a stable, thriving operation that will continue to serve the community for years to come."
Chip Galaty, Former Board Member
Explore & Discover
