Helpful reference for New England Grassroots Environment Fund terms.
Employer Identification Number (EIN) functions much like a Social Security Number but if for organizations. It is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to entities operating in the United States for the purposes of identification. Any group, including community volunteer groups, can request an EIN number and use it to open a bank account in the group's name.
- Fiscal sponsor
refers to a non-profit organization offering their legal and tax-exempt status to groups engaged in activities related to the organization's mission. It can improve access to funding sources for ad-hoc groups, as donors may require a tax-exemption before being willing and able to donate funds.