We were operating for I don't know how many years under the bank that we banked at EIN number. We called the IRS and within 5 minutes we had our own ein number. Call them at 1-877-829-5500 for general information. or you can call them at 1-866-816-2065 for tax id information. All we had to provide was some basic information on what our group was called and our address. We received a letter in the mail about 3 weeks after I called with more information concerning filing for tax exempt status.
You may find many answers under the Roberts Rules, Legal postings. If you are going to be independent of the school, you will have to get an EIN and apply for 501c3 status. You can find information on these topics on the IRS website. Not having an EIN means operating under someone's social security number-not a good idea. Not having your 501c3 non-profit status would mean that any organizations or individuals who give you money could not take it off their tax return. It also means paying taxes on your income. We discovered a year ago that we were using the schools EIN and operating under the schools non-profit status. It wasn't quite kosher. We have worked hard filling out paperwork and writing a constitution and by-laws and now have all our ducks in a row. Keep posting on this site and you can probably get most of your questions answered and even some examples of by-laws and such. It was an invaluable tool for us.
I have been involved inour PTO for 8 or more year now and have been Pres. for 6 yr. We have never had by-laws, all funds go in a school account labled PTO we tell the sec who and what to pay in writeing and she pays it. We give all deposites to her and she also makes all withdrawls. We do however keep a log of our own and she gives us a monthly statment. I thought everthing was just perfect!! Now our school wants us to pull all funds and get our own account, what do I do????
How do I get a TIN?
Do we have to be a 501 C 3??
This really puts a whole new look on things!!
Do all members have to be bonded??
HELP ME PLEASE??!!!!
