Have gotten requests from our county school board stating that until our 501c(3) status comes through we have to put our fundraising money into our school's account to avoid getting into trouble... They would then transfer those funds back once the 501c(3) has been received. To me, this sounds like trouble itself... Has anyone out there run into anything like this before?

We are a PTO, LLC and our incorporation was completed at the end of the year last year, but still haven't received the 501c(3) status acknowledgement back as yet.. Applied for it in February of this year, but was told that it could take a while and would most definately be retroactive to December's incorporation status....

If you have had any experiences with your county's board of education regarding this , please let me know how you handled it... Are they correct in their requirements?