For our various groups in the state of Tennessee - how are you doing with the new law?
===========================
History: The state of Tennessee recently passed the
Local Education Support Group Financial Accountability Act of 2007. This requires school districts to set policies for
school support groups (like PTO, PTA, band boosters, etc.). Those groups then need to follow some basic best practices regarding organizational structure, handling of funds, reporting accountability, and assuring activities support the organization's mission. The law defines
student activity funds and
school support group organization funds and specifies provisions and restrictions for each.
Old Thread
============================
One of the key provisions is that a school support group (i.e. PTO) must provide proof of recognition as a nonprofit organization in order to be recognized.
For a 501(c)(3), it should be simple. But what exactly are your districts asking for as proof?
The understanding of student activity funds versus school support group funds is already causing confusion from what I hear.
Please share your experiences.