Can we “self proclaim” tax exempt status?
The IRS explains that 501(c)(7) social clubs do not have to file an application to be considered tax exempt:
Financial Reports: What and how often?
Carol, Thank you for your wonderful words of wisdom. I am looking for a simplified report to publish every month in our newsletter. Would QuickBooks give a report that fit the needs of what is required for non-profit? It seemed…
Does a Release of Liability Agreement really count for anything?
A homeschool leader wonders if the waivers her group uses are really helpful.
Can a board appoint members without a vote?
A new homeschool leader asks several questions about appointing board members and if members need to be allowed to vote.
Can a co-op refund fees to members?
A homeschool co-op leader asks about returning supply fees charged to members.
Box Tops now requires 501c3 status for homeschool groups
Box Tops for Education now requires homeschool groups to have 501c3 tax exempt status with the IRS in order to participate.
What to do with a surplus of cash?
A homeschool leader, Michele in Colorado, asks, We will have less than $100 left in the check book. We have a Fed ID #. What do we do? What about next year? You did the right thing by getting a…
Questions on taxes, incorporation and leaving a group
A homeschool leader has questions about taxes, incorporation and leaving a group.
Have you figured out what type of organizations you are?
A visual picture of homeschool nonprofit organizations
Co-op Policy Pop Quiz!
One year my co-op got creative with how to explain our policies, so we created a quiz and made a skit doing it as a game show. Here’s the whole quiz if you’d like to see it: 1. If…