Maybe (although I'm not sure why you would call it a PTO). But if your only activity is selling product for the purpose funnelling money into the schools - will the org qualify for charitable status with the IRS - and more importantly - sales tax exemption within your state?
I'm not sure if this should be here or in fundraising, but I have a question.
We have a PTA for Pre-K through 3, a PTSA for the middle school and another group, not PTA affiliated at the highschool.
We're thinking of starting a scrip program that would be promoted through the whole district. (central campus).
We're running into obsticles already with the three parent groups. First PTA checks must be signed by two people, so ACH probably won't work with the PTA account.
We want to take the entire profit each year divide it by the number of students and donate the money to each building based on how many children they have without regard to which school actually made the sales.
To do this we'd need a separate scrip account and maybe the scrip committee should have it whole own board. I was thinking perhaps we should form a PTO, get a separate tax number and run concurently for the sole purpose of fundraising via scrip.
