Advice from PTO Today

Craig writes:
The answer depends on how the PTO was organized. If it is a 501(c)(3) organization, the board votes to dissolve, then the general membership votes to approve the dissolution. Once that has been done, you file notice of dissolution paperwork with the state (usually the attorney general's office). When that has been approved, forward the approval to the IRS. If the group is incorporated, you may also need to file paperwork with the state corporations office. If your group is not a 501(c)(3) and not incorporated, voting to dissolve is enough. You don't need to file paperwork with the state or IRS. Any money or assets the group posses may be donated to another 501(c)(3), including the school as long as it's not a for-profit school. Just a side note, it's not unusual for parent groups to go dormant for a time until a new group of parents gets involved. In that case it might be worth continuing to file the annual paperwork if the group is a 501(c)(3) or incorporated so you avoid having to start from scratch next year.

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