Common use of Financial and Tax Reporting Clause in Contracts

Financial and Tax Reporting. The Fiscal Sponsor and the Sponsored Organization shall reflect the activities of the Project, to the extent required, on their respective state and federal government tax returns and financial reports. All disbursements from an Account must be treated as payments made to or on behalf of the Sponsored Organization to accomplish the purposes of the Project. The Sponsored Organization shall provide the Fiscal Sponsor with the Sponsored Organization’s Federal Employer Identification Number (EIN), unless the Fiscal Sponsor specifically exempts the Sponsored Organization from the need to obtain an EIN.

Financial and Tax Reporting. The Fiscal Sponsor and the Sponsored Organization shall will reflect the activities of the Project, to the extent required, on their respective state and federal government tax returns and financial reports. All disbursements from an Account must shall be treated as payments made to or on behalf of the Sponsored Organization to accomplish the purposes of the Project. The Sponsored Organization shall will provide the Fiscal Sponsor with the Sponsored Organization’s Federal Employer Identification Number (EIN), unless the Fiscal Sponsor specifically exempts the Sponsored Organization from the need to obtain an EIN.