Edmond Public Schools. Sanctioned Organizations
|
|
- Deborah Austin
- 5 years ago
- Views:
Transcription
1 Edmond Public Schools Sanctioned Organizations
2 Contact Information for EPS Jeanise Wynn, Business Manager Phone: (405) Debbie Smith, Executive Assistant Phone: (405) This entire presentation, along with other resources, will be posted on our website.
3 What is Sanctioning? Recognition & Attribution Allows organization to operate for benefit of students Permits fundraising on school property Finances are exempt from school laws over activity fund Board of Education has complete discretion whether to sanction a group
4 Sanctioning Does NOT Equal Control Board of Education does not control funds; organizations operate from their own bank accounts Organizations must obtain their own tax ID number Organizations may NOT use school district s tax ID number or tax-free status Board of Education is not responsible for ensuring that organization complies with applicable state and federal laws
5 Application Process Apply annually Due in EPS business office by late June each year Include Financial Information from June of prior year through May Approval by School Board at August meeting Board can request records at any time Board can withdraw sanctioning at any time Applications are subject to Open Records Act
6 Please let us know if any contact information changes from what was on your application. Debbie Smith Officer changes Updated information for officers address Phone number Banking information Updated signature cards
7 Hosting Events on School Property All building usage is subject to the provisions stated in District Policy #5330. Events held outside of school hours require a nominal rental fee, proof of insurance, and a completed contract. Any extra hours worked by EPS staff (custodial, event supervisor, auditorium tech) will be billed to the club. All vendors (such as food trucks, photo booths, and bouncy houses) must supply proof of adequate liability insurance and a signed Sex Offender Affidavit on file. Dunk tanks are not allowed on EPS property.
8 Compensation & Gifts to District Employees The IRS has deemed certain payments to District employees by sanctioned organizations to be taxable as if paid by the District. Compensation for services (e.g. payments to coaches, band directors, etc.) Gifts to employees of the district (unless de minimus) Call the EPS Business Office for guidance before making a taxable payment or giving a taxable gift!
9 Compensation for Services Compensation to EPS employees for services is taxable wages. Payments shall be made through EPS payroll department. Organization will reimburse the school for the compensation amount PLUS employer FICA and Teachers Retirement (totaling 25.39%). Employee will be responsible for employee FICA and income tax withholding.
10 Gifts to District Employees Taxable unless de minimis Tangible personal property of minimal value is not taxable (dollar threshold for de minimus is not defined in law) Cash and gift cards are NEVER de minimus Inform recipient of the tax consequences of your gift Inform District of any gifts given during the calendar year before Dec. 31 Income is reported on employee s W-2 Employee pays the employee FICA, federal and state tax Sanctioned organization reimburses District for employer FICA Gifts to teachers from individual parents are not taxable
11 Payments for Professional Services All individuals who will have contact with our students must have a current, clear background check on file with the district. Payment for services must be made through the school s activity fund in order to ensure compliance. This practice will alleviate the need for your club to file form(s) 1099 for these services.
12 501(c)(3) Status Exemption from income taxation by the IRS under section 501(c)(3) of the Internal Revenue Code. Certificate of Incorporation and Bylaws must be filed with the Secretary of State. Criteria and process for applying can be found in IRS Publication 557. PTAs that are members of the National Parent Teacher Association are exempt under a group and national exemption. Group exemption also available under Parent Booster USA.
13 501(c)(3) Advantages Income is tax exempt (except unrelated business income, e.g. advertising). Contributions received are tax deductible to the donor. (Many corporations and foundations require 501(c)(3) status before they will make contributions.) Individual members are protected from personal liability. Sales tax advantages. Eligible to hold bingo games in Oklahoma.
14 501(c)(3) If you have not yet received your 501(c)(3) determination letter from the IRS, EPS recommends contacting Parent Booster USA. ( PBUSA is a non-profit organization that provides services to booster clubs at reasonable prices. Tax exempt status may become a requirement of sanctioning in the near future.
15 Tax Return Requirements ALL nonprofit groups are required to file tax returns. The IRS has a rule that any organization, regardless of income, MUST file the appropriate tax return. Organizations recognized as tax-exempt file the appropriate form of IRS 990. If an organization does not have tax-exempt status it may be required to file a corporate tax return and pay tax on net income.
16 Tax Return Requirements If a booster club does not file a tax return, it risks future penalties and interest for failure to do so. If a booster club DOES NOT have federal tax-exempt status, filing a Form 990, the tax-exempt return, will raise questions
17 Tax Return Requirements The IRS expects all organizations to begin filing taxes immediately upon obtaining an EIN. Nonprofits that fail to file federal income taxes on time for three consecutive years automatically lose their tax-exempt status.
18 Federal Filing Obligations If 501(c)(3), Form 990, the annual "Return of Organization Exempt From Income Tax,". If gross receipts are normally $50,000 or less may generally file 990-N (e-postcard) If gross receipts < $200,000 AND total assets < $500,000 file 990-EZ Searchable data base of exempt organizations as well as revoked exemptions is available at Profits/Exempt-Organizations-Select-Check If an organization has unrelated business income of more that $1,000, it must file an unrelated business tax return, Form 990-T. Taxes will be due on this income regardless of the 501(c)(3) status. (This return is in addition to the Form 990.)
19 Federal Filing Obligations If non 501(c)(3), Form 1120, corporate income tax return. 1099s to report to the IRS payments of $600 or more for compensation (contract labor). W-2G to report prizes awarded in raffles, bingo, etc.
20 State Filing Obligations Nonprofit organizations that are exempt from federal income taxes are automatically exempt from Oklahoma corporate income taxes. However, they must file an informational return, Form 512-E, annually. In addition to filing taxes, organizations must renew their registration with the Oklahoma Secretary of State annually.
21 Tax Return Requirements NEW THIS YEAR: EPS will require a copy of your most recent tax return prior to receiving approval for the school year. This requirement is for all organizations, regardless of the type of return your group files with the IRS. Copies may be ed or submitted in person with your sanctioning application.
22 Parent Booster USA Founded in 2004 by an attorney skilled in nonprofit and tax law, PBUSA has more than 3,500 member organizations in 48 states with a 95% annual renewal rate. PBUSA provides peace of mind for parent volunteers, school administrators and school district leadership.
23 $tate $ales Tax Issues Not required to collect and remit sales taxes: A public or private student group/organization, or A 501(c)(3) not using a sales tax exemption, or A PTO or PTA (even if not a 501(c)(3)) Not required to pay sales tax on purchases: A PTA (member of national association; PTOs are not included), or An organization which has acquired a sales tax permit from the Oklahoma Tax Commission for items purchased for resale, or An organization which has acquired a sales tax exemption from the Oklahoma Tax Commission The Oklahoma Tax Commission allows ONE exempt parent-teacher group per school. All others cannot be exempt.
24 $tate $ales Tax Issues Per the Oklahoma Sales Tax Exemption Packet: The entities that qualify for sales tax exemption in Oklahoma are specifically legislated. Therefore, not all entities that are recognized by the Internal Revenue Service as tax exempt pursuant to 26 USC 501(c)(3) are exempt from sales tax in Oklahoma. The organization must have a Federal Identification Number before applying. Oklahoma has ruled that Booster Clubs are NOT exempt. Booster Clubs may apply for a Oklahoma sales tax resale permit. This permit would enable the group to make purchases for resale exempt from sales tax. Periodic sales tax returns will be required for a permit holder. Sales tax must be charged to the customers for all goods sold! Collected taxes must be remitted with periodic returns.
25 Raffles and Bingo Raffles are allowed under Oklahoma law for accredited public schools and affiliated student groups, PTAs, PTOs and 501(c)(3) organizations. For bingo games where consideration is paid to play, organization must be a 501(c)(3) and must obtain a license or exemption from the ABLE Commission. May be required to report prizes: Raffles - winnings >=$600 AND at least 300 times amount of wager (net of amount of wager) Bingo - winnings >= $1,200 before deducting wager May be required to withhold federal tax: Raffles winnings >$5,000 Bingo no FWT unless they don t provide TIN, then backup w/h 28% Can t provide alcohol as prize. FYI: Although sanctioned organizations can hold bingo games, school activity cannot. Raffles are ok for both.
26 Property Donated by Sanctioned Organizations Must comply with all applicable codes Must be free of liens Becomes property of the district School must maintain and inspect School is potentially liable if injury In order to coordinate our Digital Conversion initiatives, all technology items should be purchased by the district.
27 Title IX Considerations for Booster Clubs Female athletes must be given equivalent opportunities There must be no discrimination in the provision of athletic opportunities One of the many factors considered in determining overall compliance with Title IX is the funding level of related programs. Booster club funds are considered in this analysis
28 Good business practices protect your assets, your officers, your members, and our students!
29 Edmond Public Schools Sanctioned Organizations
Sanctioned Organizations
Sanctioned Organizations Presented by John Little, CFO Muskogee Public Schools What is Sanctioning? Recognition & Attribution Allows organization to operate for benefit of students Finances are exempt
More information2015 Federal Tax Returns
2015 Federal Tax Returns All Knights of Columbus subordinate units in the United States must file an annual informational tax return (IRS Form 990) with the Internal Revenue Service (IRS). This memorandum
More informationPARENT ORGANIZATIONS TAX FILING REQUIREMENTS
PARENT ORGANIZATIONS TAX FILING REQUIREMENTS Leland Dushkin, CPA Tax Manager Hereford, Lynch, Sellars & Kirkham, PC ldushkin@hlsk.com 1406 Wilson Road, Suite 100 Conroe, TX 77304 936-756-8127 or 936-441-1338
More informationFederal Tax-Exempt Status 501(c)(3) Organizations
Federal Tax-Exempt Status 501(c)(3) Organizations Most PTAs are classified as tax-exempt 501(c)(3) public charities under the Internal Revenue Code (IRC). One major advantage for organizations that are
More informationParent Support Organizations Mandatory Training August 18, 2018
Parent Support Organizations Mandatory Training August 18, 2018 Vnet & GPS Finance TRAINING AGENDA I. Purpose of Training II. Definition and Role of the Parent Support Organization (PSO) A. Types B. Role
More informationBOOSTER CLUB TRAINING. Department of Athletics Temple Independent School District
BOOSTER CLUB TRAINING Department of Athletics Temple Independent School District Booster Club Website www.wildcatstrong.com Hover over Wildcat HQ Select Booster Clubs Board Policy GE Local The Board is
More informationBooster Club Workshop
Corona-Norco Unified School District Booster Club Workshop May 1, 2017 May 15, 2017 Presenter: Dusty Nevatt, Partner Vavrinek, Trine, Day & Co., LLP Workshop Overview Definition of a Booster Club Fundraising
More informationSECTION C: Tax Manual I MISC
SECTION C: Tax Manual I. 1099-MISC The Internal Revenue Service requires a 1099-MISC form be issued to independent contractors, other individuals, LLCs, and unincorporated businesses that have received
More informationA PTA can only engage in an insubstantial amount of lobbying activity.
Most PTAs are classified as taxexempt 501(c)(3) public charities under the Internal Revenue Code (IRC). One major advantage for organizations that are exempt under Section 501(c)(3) of the IRC is that
More informationFINANCIAL GUIDE FOR PARENT ORGANIZATIONS Westminster Public Schools
FINANCIAL GUIDE FOR PARENT ORGANIZATIONS Westminster Public Schools TABLE OF CONTENTS INTRODUCTION... 1 OPTION 1... 2 OPTION 2 AND 3... 2 GENERAL GUIDELINES FOR ALL PARENT ORGANIZATION GROUPS WITHIN DISTRICT...
More informationEffective Booster Practices
Effective Booster Practices Megan E. Greulich Staff Attorney Ohio School OSBA leads the way to educational excellence by serving Ohio s public school board members and the diverse districts they represent
More informationBOOSTER CLUB HANDBOOK
BOOSTER CLUB HANDBOOK Pikeville Junior High/High School 120 Championship Drive Pikeville, KY 41501 (606) 432-0185 Message From the School Dear Stakeholders, On behalf of the students, faculty, and administration
More informationInformation for Sumner County School Support Organizations
Information for Sumner County School Support Organizations School Support Organization (SSO) Start Up Instructions and General Information These suggestions are not to be considered legal advice. You may
More informationFederal Financial Requirements
American Society of Health-System Pharmacists Federal Financial Requirements ASHP s Financial Toolkit for Affiliates Kimberlee Berry [Pick the date] FEDERAL REQUIREMENTS NOTE: All IRS forms can be accessed
More informationSumner County School Support Organizations
Sumner County School Support Organizations School Support Organization (SSO) Start Up Instructions and General Information Additional information and resources for School Support Organizations may be found
More informationInstructions for Reinstatement of Tax-Exempt Status
Instructions for Reinstatement of Tax-Exempt Status Dear Local PTA: The IRS has issued letters revoking the tax-exempt status of numerous organizations, including many local PTAs, for failure to file information
More informationSchool Support Organizations & Groups. Rutherford County Schools Boardroom 6:30 PM, Monday, Aug. 20, 2018
School Support Organizations & Groups Rutherford County Schools Boardroom 6:30 PM, Monday, Aug. 20, 2018 SSG - School Support Group SSG can be either Booster Club or a PTO SSG semi-independent group that
More informationAccounting Procedures for Student and Parent Organizations
Accounting Procedures for Student and Parent Organizations AASBO LSFM Program May 2015 David Smith, Executive Director Alabama Association of School Business Officials 1 Accounting Procedures for Student
More informationFRISCO INDEPENDENT SCHOOL DISTRICT
FRISCO INDEPENDENT SCHOOL DISTRICT STUDENT SERVICES BOOSTER CLUB REQUIREMENTS AND OPERATIONAL GUIDELINES 2017-2018 FOREWORD Frisco Independent School District recognizes the importance of parent and community
More informationBooster Organization Handbook
Booster Organization Handbook Contents Steps to Start a Booster Organization Step 1 Organize Step 2 Take Care of Legalities Step 3 Create a Financial System Step 4 Apply for Booster Recognition with your
More informationBooster Clubs Questions and Answers (in italics)
Booster Clubs Questions and Answers (in italics) Board Policy (Employees) DBD Regulations: Employees and Financial Capacity 1. If an employee is in charge of a concession stand, does that fall in the same
More informationLaunching your nonprofit
Launching your nonprofit What we ll cover What is a nonprofit What difference does that make How to establish nonprofit legal identities with government agencies Maintaining your legal identity with integrity
More informationLEGAL AND TAX ASPECTS OF PTA NOTES
LEGAL AND TAX ASPECTS OF PTA NOTES 1. PTA as a Nonprofit Organization (ERIKA) California Corporations Code Section 5000 if the primary purpose of the businesses is for charitable reasons can apply for
More informationPTA and Booster Club Training Presented by Financial Services, Athletics, and Internal Audit Services
PTA and Booster Club Training 2017 Presented by Financial Services, Athletics, and Internal Audit Services Presented By Mary Russell, Executive Director of Financial Services Greg Priest, Athletic Director
More informationAgenda for Today. Controls & Why Requirements of Boosters & Parents Groups. Fundraising
San Jacinto High School Friday, October 8, 2010 1 Agenda for Today Controls & Why Requirements of Boosters & Parents Groups Application, tax exempt status, financial reports, etc. Fundraising Food Sales,
More informationThank you for coming to the Booster Club Training! Please make sure to sign in
Thank you for coming to the 2016-17 Booster Club Training! Please make sure to sign in Dr. Michael Goddard Assistant Superintendent for Business and Operations megoddard@prosper-isd.net Shelia Winter PHS
More informationBooster Clubs and PTA/PTO Groups. also available at wfisd.net
Booster Clubs and PTA/PTO Groups also available at wfisd.net Table of Contents Introduction I. Formation, name and registration Annual self-audit Obtaining an Employer Identification Number (EIN) Becoming
More informationFORMATION AND FINANCIAL GUIDELINES FOR BOOSTER ORGANIZATIONS
FORMATION AND FINANCIAL GUIDELINES FOR BOOSTER ORGANIZATIONS Parent Organizations / Booster Groups are parent organizations established to support school programs or student groups. The School District
More informationKISD September
Many organizations offer valuable assistance to the District in fundraising, voluntary help, and substantial fan support for school activities. Although the intent of these organizations is to assist and
More informationOrganizational Guidelines for Friendship Force Clubs in the USA Effective Date: June 23, 2017
Organizational Guidelines for Friendship Force Clubs in the USA Effective Date: June 23, 2017 Friendship Force clubs are independent organizations with each club responsible for developing and maintaining
More informationDollars and Sense. The Role of the Treasurer
Dollars and Sense The Role of the Treasurer 2014-15 What do I need to know? Your PTA s tax number, formally called the Employer Identification Number (EIN). Your PTA s bank and bank account number. The
More informationNEBO SCHOOL DISTRICT BOARD OF EDUCATION POLICIES AND PROCEDURES
NEBO SCHOOL DISTRICT BOARD OF EDUCATION POLICIES AND PROCEDURES K School / Community Relations PTAs, PTOs, Booster Clubs, and Other Parent Support Groups KAB DATED: April 11, 2018 SECTION: POLICY TITLE:
More informationSPECIAL EVENTS POLICY March 2010
SPECIAL EVENTS POLICY March 2010 Purpose Statement The Northern Arizona University Foundation (NAUF) operates and raises funds for the benefit of the Northern Arizona University (University) under federal,
More informationJOHNSTON COUNTY PUBLIC SCHOOLS INTERNAL AUDIT DEPARTMENT PTA, PTO AND BOOSTER CLUB HANDBOOK
JOHNSTON COUNTY PUBLIC SCHOOLS INTERNAL AUDIT DEPARTMENT 2017-2018 PTA, PTO AND BOOSTER CLUB HANDBOOK Table of Contents Organization Guidelines 3 Financial Guidelines 3 Fundraiser Guidelines 4 Treasurer
More informationWICHITA FALLS INDEPENDENT SCHOOL DISTRICT GUIDELINES FOR OPERATIONS. BOOSTER CLUBS and PTA/PTO GROUPS
WICHITA FALLS INDEPENDENT SCHOOL DISTRICT GUIDELINES FOR OPERATIONS BOOSTER CLUBS and PTA/PTO GROUPS Table of Contents Introduction I. Formation, name and registration Annual self-audit Obtaining an Employer
More informationFRATERNITY OF ALPHA ZETA - FAQ ABOUT TAXES AND THE FORM 990
FRATERNITY OF ALPHA ZETA - FAQ ABOUT TAXES AND THE FORM 990 2018 Table of Contents FAQ Overview 2 Your Chapter s Tax Responsibility 3 Tax Designation 6 Filing the Form 990 7 Fundraising and Donations as
More informationSALES TAX School District of Okaloosa County
I. General Provisions A. Schools do not pay sales tax on the purchase of goods and services necessary for instructional and extra-curricular activities, unless those items are purchased for resale. (See
More informationFREIDAG ASSOCIATESINC
CERTIFIED PUBLIC ACCOUNTANTS FREIDAG ASSOCIATESINC Stewart Centre 50 W Douglas St #400 Freeport IL 61032 815-235-3950 Fax 815-235-4990 Text 815.235.3950 www.freidag.com CPA@Freidag.com Greetings We provide
More informationTax-Exempt Status and IRS Reporting Obligations. 1. All Undergraduate Organizations
Tax-Exempt Status and IRS Reporting Obligations All undergraduate organizations are expected to comply with the Undergraduate Regulations, and must also comply with Federal and State tax laws. The purpose
More informationLEGAL AND TAX ASPECTS WORKSHOP
LEGAL AND TAX ASPECTS WORKSHOP Marilyn Jacobs April 27, 2018 This training is provided for educational, compliance and loss-prevention purposes only, and absent the express prior agreement of DWK, does
More informationFiscal Fitness for Units: A Guide for Treasurers
Fiscal Fitness for Units: A Guide for Treasurers October 25 th, 2017 Sean M. Hannam NYS PTA Treasurer treasurer@nyspta.org What is a Treasurer? The Treasurer plays a key role in the ongoing operation of
More informationCorona Norco Uni ied School District BOOSTER CLUB MANUAL. Suppor ng the students of CNUSD
Corona Norco Uni ied School District BOOSTER CLUB MANUAL Suppor ng the students of CNUSD TABLE OF CONTENTS I. Operating Requirements A. Booster Club Basic Requirements... Page 1 II. General Guidelines
More informationReturn of Organization Exempt From Income Tax
Form 990 Return of Organization Exempt From Income Tax OMB No. 1545-0047 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2010 benefit trust or private foundation)
More informationREPORTING SEASON IS HERE AGAIN!
CSEA LOCAL 1000 AFSCME / AFL-CIO 143 WASHINGTON AVENUE, ALBANY, NEW YORK 12210 M E M O R A N D U M TO: FROM: REGION, LOCAL AND UNIT TREASURERS WILLIAM WALSH, STATEWIDE TREASURER DATE: NOVEMBER 2016 RE:
More informationForm 990 Return of Organization Exempt From Income Tax
OMB No. 1545-0047 Form 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2011 benefit trust or private foundation)
More informationIndiana 4-H Program Policy and Procedures Frequently Asked Questions A Resource for 4-H Volunteers and Extension Educators
Indiana 4-H Program Policy and Procedures Frequently Asked Questions A Resource for 4-H Volunteers and Extension Educators 1. Why does 4-H have a different status than other youth organizations? The 4-H
More informationHow to Get Your Nonprofit Back in Good Standing
How to Get Your Nonprofit Back in Good Standing Texas nonprofits are subject to numerous complicated laws and regulations, filing and reporting requirements. Failure to comply with these requirements can
More informationREDBOOK FREQUENTLY ASKED QUESTIONS. Redbook Version: July 1, 2013
REDBOOK FREQUENTLY ASKED QUESTIONS Redbook Version: July 1, 2013 Common Terms and Definitions Pages 1-2 Receipts Pages 3-6 Expenditures Pages 7-11 External Support Groups/Organizations Pages 11-16 8/1/2015
More informationPREPARATION OF TAX FORM 990
PREPARATION OF TAX FORM 990 The Temple with Combined Units return and Shrine Clubs Group return qualify under IRS Code Section 501(c)(10), Shriners International group exemption number 0229. Shrine temple
More informationLocal Section Finances
Local Section Finances Local sections, like the national association, must incur expenses, manage their budgets, pay bills, and deal with tax issues. The following information provides the basic requirements
More informationSCHOOL DISTRICT OF OKALOOSA COUNTY TECHNICAL ASSISTANCE MEMORANDUM FINANCE
SCHOOL DISTRICT OF OKALOOSA COUNTY TECHNICAL ASSISTANCE MEMORANDUM FINANCE FINANCE TAM: 2016-001 CONTACT: TELEPHONE: Julie Perry, Director or Cindy Harris, Accountant 833-5850 or 833-5821 TO: FROM: DATE:
More informationTax Guide for Nonprofits
Tax Guide for Nonprofits 4 th Edition Stephen Fishman, J.D. Chapter 1 Nonprofits and the IRS... 1 Learning Objectives... 1 Introduction... 1 What Do We Mean When We Say Nonprofit?... 1 Tax-Exempt Nonprofits...
More informationJuly 16, 2012 Gaming in Tax-Exempt Organizations
July 16, 2012 Gaming in Tax-Exempt Organizations Jim Competti and Cheryl Teser Six Important Topics for Organizations that Conduct Gaming 1. Impact of gaming on tax-exempt status 2. Internal controls and
More informationThe University had a Raffle Policy separate from the Foundation. The University s Raffle Policy can be viewed at
Western Illinois University Foundation, Inc. Policy on Raffles Effective Date: Responsible Departments: WIU Foundation Policy on Raffles (Including Cash and Non-Cash Prizes) Introduction Expenses for raffles
More informationFrequently Asked Chapter Administrative, Financial & Tax Questions (updated 7/12/10)
Frequently Asked Chapter Administrative, Financial & Tax Questions (updated 7/12/10) Table of Contents 1. What does non-profit/tax-exempt status mean? 2. What are the core responsibilities of a Chapter
More information990 Long Form Questionnaire
This information requested is in addition to the initial information submitted to us in the financial organizer and will be considered a part of the entire organizer of information and subject to the same
More informationBooster Clubs and School Support Organizations Guidelines
Booster Clubs and School Support Organizations Guidelines TABLE OF CONTENTS Organization 3 Federal and State Reporting 8 Sales Tax 10 Accounting for Transactions 12 Fund Raising 17 Donations 19 Scholarship
More informationElks Grand Lodge Government Relations Seminar
Elks Grand Lodge Government Relations Seminar Roy D Pursley, CPA October 3, 2009 Oklahoma City, OK Disclaimer This presentation is not intended to be specific legal or tax advise. It is intended to acquaint
More informationBooster Club & Parent Organization Guidelines
Booster Club & Parent Organization Guidelines October 2017 FOREWORD This manual is designed to assist Booster Club and Parent Organization officers and members by providing organizational and financial
More informationSPECIAL EVENTS POLICIES AND PROCEDURES
SPECIAL EVENTS POLICIES AND PROCEDURES Barbara Ann Karmanos Cancer Institute s staff must review and approve in writing any fundraising event or promotion intended to benefit the Institute prior to the
More informationBooster and Support Organization Guidelines
Booster and Support Organization Guidelines July 2016 Parent Support Organizations provide an invaluable service to our schools. Many of our programs and activities could not exist without your volunteer
More informationSCHOOL DISTRICT OF OKALOOSA COUNTY TECHNICAL ASSISTANCE MEMORANDUM FINANCE
SCHOOL DISTRICT OF OKALOOSA COUNTY TECHNICAL ASSISTANCE MEMORANDUM FINANCE FINANCE TAM: 2012-046 CONTACT: Julie Perry, Director or Cindy Harris, Accountant TELEPHONE: 833-5850 TO: FROM: School Principals
More informationat the end of the year may use this form. The organization may have to use a copy of this return to satisfy state reporting requirements.
Form 990-EZ Short Form Return of Organization Exempt From Income Tax Under section 501(c) 527 or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) Sponsoring
More informationKeeping it Legal: The Dos and DON Ts of Managing Your 501(c)3
Keeping it Legal: The Dos and DON Ts of Managing Your 501(c)3 Women s Collective Giving Grantmakers Network 2014 Leadership Forum April 9, 2014 Presented by: Dianne Chipps Bailey A Few Introductory Thoughts
More informationThe following are common situations where the acquisition of property by a charitable organization is not subject to sales tax.
DEPARTMENT OF REVENUE SALES AND USE TAX 1 CCR 201-4 Regulation 39-26-718 CHARITABLE AND OTHER EXEMPT ORGANIZATIONS (1) General Rule. (c) Purchases by charitable organizations are exempt from state sales
More informationChapter 11: Unrelated Business Income
Chapter 11: Unrelated Business Income INTRODUCTION... 100 Definition... 105 Filing Requirements... 110 Public Disclosure of Form 990-T... 111 Examples of Unrelated Business Activities... 115 Royalties
More informationIRS Reporting Compliance for 501(c)(3) Organizations
IRS Reporting Compliance for 501(c)(3) Organizations August 28, 2016 Mark C. Franco Associate Counsel Whiteford, Taylor & Preston, L.L.P. 3190 Fairview Park Dr., Suite 800 Falls Church, VA 22042 703-280-3383
More informationBOOSTER CLUBS, AND PARENT ORGANIZATIONS. August 2016
BOOSTER CLUBS, AND PARENT ORGANIZATIONS August 2016 OVERVIEW GASB 39- (Why we require information) Parent Organizations Booster Clubs Community Organizations WHY--- GOVERNMENTAL ACCOUNTING STANDARDS BOARD
More informationTHE SCHOOL DISTRICT OF GREENVILLE COUNTY
THE SCHOOL DISTRICT OF GREENVILLE COUNTY Fall 2018 The District appreciates the assistance that support groups provide to students Consistency of general practices and financial reporting will help ensure
More informationFIRST THINGS TO DO WHEN YOU BECOME PTA TREASURER
Part 1 of 2 FIRST THINGS TO DO WHEN YOU BECOME PTA TREASURER 1. Create or update the Treasurer s Procedure Book. 2. Obtain list of the five Florida PTA Compliance Requirements and Standards of Affiliation,
More informationSOMN.ORG SOMN.ORG. Special Olympics Minnesota Finance Guide
Special Olympics Minnesota Finance Guide 1 TABLE OF CONTENTS SOMN Finance Staff...3 SOMN Finance Overview...4 Finance Chair Responsibilities...5 Centralized Accounting Log In Procedures...6 Centralized
More informationPresentation to the Financial Administrator Development Program Financial & Tax Policies/Processes
Presentation to the Financial Administrator Development Program Financial & Tax Policies/Processes November 23, 2015 Beth Powers, Tax Manager, Financial Analysis & Reporting Lee Hunter, Chief Accountant,
More informationThank you! 7/26/2011 For information purposes only. NOT LEGAL OR TAX ADVICE.
On July 14, a webinar called How to reinstate and maintain your IRS tax exempt status was conducted. Weʹre sorry to report that some of the information was inaccurate. The presenters did present accurate
More informationFFO & Booster Club Policy & Procedure Guidelines
FFO & Booster Club Policy & Procedure Guidelines 2017-2018 Catalina Foothills Unified School District No. 16 Angelie Hawley Director of Finance ahawley@cfsd16.org 1 INTRODUCTION Thank you for attending!
More informationTHE SCHOOL DISTRICT OF ESCAMBIA COUNTY OUTSIDE SUPPORT ORGANIZATIONS
THE SCHOOL DISTRICT OF ESCAMBIA COUNTY OUTSIDE SUPPORT ORGANIZATIONS Guidelines Manual APPROVED ESCAMBIA COUNTY SCHOOL BOARD OCT 1 8 2016 MALCOLM TH0' 1/'.S, SUPCR!MTE ldent VERIFIED BY RECORDING SECRETARY
More informationPUBLIC INSPECTION COPY
PUBLIC INSPECTION COPY Form 990 OMB No. 1545-0047 Department of the Treasury Internal Revenue Service A B For the 2017 calendar year, or tax year beginning C Address change Name change Initial return Open
More informationB O O S T E R T R E A S U R E R W O R KS H O P
B O O S T E R T R E A S U R E R W O R KS H O P 2018 CHARACTERISTICS: Desire to serve with other Boosters, the school, and ultimately the students Computer literate - - must know how to use Excel, QuickBooks,
More informationGary Casteel. Dennis D. Williams REV 1/2018. SS:tr opeiu494afl-cio
Dennis D. Williams Gary Casteel REV 1/2018 SS:tr opeiu494afl-cio INTRODUCTION -------------------------------------------------------------------------------------------------- 1 PENALTIES --------------------------------------------------------------------------------------------------------------------
More informationDonations from other groups such as PTA, Booster Clubs or private donors.
Vending machine revenue Fundraising Club sponsored sales or fundraising Campus activities such as carnivals, pictures, etc. Donations from other groups such as PTA, Booster Clubs or private donors. 2 Separation
More informationAutauga County Schools. Parent Support Organizations Guidelines and Procedures
Autauga County Schools Parent Support Organizations Guidelines and Procedures Revised 6/27/2017 TABLE OF CONTENTS GENERAL INFORMATION. I. ORGANIZATION FORMATION OF ORGANIZATION BYLAWS OFFICERS AND DIRECTORS
More informationUNIVERSITY OF WISCONSIN-SUPERIOR INFORMATION PACKET FOR CONDUCTING CLASS A RAFFLES
UNIVERSITY OF WISCONSIN-SUPERIOR INFORMATION PACKET FOR CONDUCTING CLASS A RAFFLES (Raffles where some or all of the tickets are sold on days other than the day of the raffle drawing.) Any university department
More information4/30/2015 FINANCIAL PROCEDURES FOR LOCAL SCHOOLS. Accounting for Extra-Curricular Activities. Student Organizations
Accounting for Extra-Curricular Activities Sonja Peaspanen Alabama Department of Education May 5, 2015 FINANCIAL PROCEDURES FOR LOCAL SCHOOLS APPROVED June 10, 2010 www.alsde.edu Department Offices LEA
More informationAllen ISD Booster Club Guidelines
Allen ISD Booster Club Guidelines Revised: February 5, 2013 FOREWORD The Booster Club Guidelines were prepared to assist booster clubs by providing organizational and financial guidance. It also aims to
More informationSB :06. POLICY CATEGORY: Accounting/Administration. Policy on Gift Acceptance by Corporation
SB 2015-2016:06 The policies of Associated Students Incorporated are in compliance with the regulations of the California State Polytechnic University, Pomona, the CSU Chancellor and the CSU Board of Trustees,
More information18 Jan Bradley M. Kuhn, President
18 Jan. 2018 Bradley M. Kuhn, President Form 990 (2016) Page 2 Part III Statement of Program Service Accomplishments Check if Schedule O contains a response or note to any line in this Part III.............
More informationYEAR-END UPDATE FOR PAYROLL AND RELATED TAXES WITH ADDITIONAL INFORMATION FOR INDIVIDUALS
YEAR-END UPDATE FOR PAYROLL AND RELATED TAXES WITH ADDITIONAL INFORMATION FOR INDIVIDUALS JANUARY 2011 This memo provides information that is useful in the annual preparation of employment related forms
More informationReturn of Organization Exempt From Income Tax
Form 990 Department of the Treasury Internal Revenue Service Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
More informationParent and Booster Club Audit Training 2016
Parent and Booster Club Audit Training 2016 Presented By Jan Coker, Director of Internal Audit Services Just a reminder Tyler ISD encourages and appreciates parental support for the District s students.
More informationCorona-Norco Unified School District. Booster Club Manual
Corona-Norco Unified School District Booster Club Manual TABLE OF CONTENTS I. Operating Requirements a. Booster Club Basic Requirements II. General Guidelines and Information a. Purpose of a Booster Club
More informationTax Update for State and Local Governments
Tax Update for State and Local Governments Fringe Benefit and Tax Reporting Overview Presented by: Ashley M. Summers, CPA Tax Manager Sales & Use Tax Reminder Retail Sales and Use tax exemptions can now
More information990 Preparation Checklist
990 Preparation Checklist The following checklist is intended to help you prepare for Form 990. If you have any questions about this checklist or the form, please contact your Rea advisor or Maribeth Wright,
More informationRecognized Student Organization Financial Guidelines
Recognized Student Organization Financial Guidelines All recognized UNL Student Organizations are required to deposit all funds with Student Organization Financial Services (SOFS). University of Nebraska-Lincoln
More informationReturn of Organization Exempt From Income Tax
Form 990 Department of the Treasury Internal Revenue Service Return of Organization Exempt From Income Tax Under section 501, 527, or 4947(1) of the Internal Revenue Code (except black lung benefit trust
More informationPTO / BOOSTER CLUB GUIDELINES
PTO / BOOSTER CLUB GUIDELINES 2017-2018 1 Dear Parents: On behalf of the Granbury Independent School District s Board of Trustees, I want to express my sincere appreciation for the time and energy you
More informationStatement of Program Service Accomplishments Check if Schedule O contains a response to any question in this Part III...
Form 990 (2010) Page 2 Part III Statement of Program Service Accomplishments Check if Schedule O contains a response to any question in this Part III.............. 1 Briefly describe the organization s
More informationResources for Starting a 501(c)(3) Peter Shaw Assistant School District Attorney
Resources for Starting a 501(c)(3) Peter Shaw Assistant School District Attorney Disclaimer School Board Regulation 801.3AR Membership shall be primarily made up of parents and community members, though
More informationBEST PRACTICES. Best Practices #125: 501(c)(3) Chapter Organization Cover Letter and Structure
BEST PRACTICES Best Practices #125: 501(c)(3) Chapter Organization Cover Letter and Structure A lot has changed since the original Best Practices Article for Tax-Exempt Status was posted in 2009. Most
More informationOVERTON ISD FUNDRAISER/ACTIVITY FUND & PROCEDURE MANUAL
OVERTON ISD FUNDRAISER/ACTIVITY FUND & PROCEDURE MANUAL INTRODUCTION In view of the large amount of monies received from and expended for student/campus activities, the demand has developed for efficient,
More informationSummer 2017 LEXINGTON ONE SCHOOL DISTRICT
Summer 2017 LEXINGTON ONE SCHOOL DISTRICT General information Financial policies and controls Fundraising Reporting Learning from the past District policies and procedures Q&A NOTE: This presentation is
More information- - 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.
Form 990 (2015) Checklist of Required Schedules - - 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A. 2 Is the organization
More information