Are discounts to homeschool board members taxable compensation?
Free or reduced tuition may be taxable compensation to your board members.
Category Boards
Welcome to HomeschoolCPA’s collection of blog posts about boards: the leadership for a homeschool nonprofit organization. You’ll find helpful tips for recruiting and replacing board members and clear explanations of board duties.
The board’s duties are outlined in an organizations’ bylaws. You can find sample bylaws here: https://homeschoolcpa.com/leader-tools/sample-documents/
Adding religious purpose to bylaws and Articles
How can a homeschool group add a religious purpose to their founding documents if it was not there originally?
Common mistakes in homeschool group bylaws
Tips on bylaws for nonprofit homeschool organizations
Can board members be responsible for a nonprofit’s employer taxes?
If your nonprofit owes taxes or penalties as an employer, can the board be personally responsible?
Calendar of Board Topics for Homeschool Groups
A list of topics for your board to discuss each month.
Can a homeschool group give perks to board members?
Can a homeschool nonprofit give board members free tuition?
Create a board binder of important papers for your homeschool organization
Here's a list of important papers to pass down to the future homeschool leaders of your organization.
Compensating board members can be troublesome!
A homeschool organization can compensate your board for their service, but compensation to officers is taxable income and the board members must be paid as employees.
Ask your board these question to spark discussion and planning
Does your homeschool board lack direction and forward thinking?
3 essential tools for homeschool leaders
Carol Topp discusses the 3 essential tools that homeschool leaders need in this video clip.