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luvdemlinemen
Member

Posts: 82

setup non-profit fundraising entity May 9, 2005 7:01:03 GMT

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Post by luvdemlinemen on May 9, 2005 7:01:03 GMT

Our HS program is looking at setting up a not-for-profit entity for raising and disbursing funds to buy equipment, refit the weight room, etc. If anyone has done something similar and would be willing to share any advice or insights, it would be most appreciated..thanks

Football is NOT a sport, it's a way of life....

CYFL Coach Senior Member Posts: 568	setup non-profit fundraising entity May 9, 2005 12:42:32 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by CYFL Coach on May 9, 2005 12:42:32 GMT Coach, are you looking to create a seperate entity outside your booster club for this purpose? Dave Hartman CYFL Coach
	"It's not the will to win that matters - everyone has that. It's the will to prepare to win that matters." Paul "Bear" Bryant

luvdemlinemen Member Posts: 82	setup non-profit fundraising entity May 9, 2005 21:25:40 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by luvdemlinemen on May 9, 2005 21:25:40 GMT Coach Hartman, Yes, we are. Lots of issues with football-specific support from the school's boosters.
	Football is NOT a sport, it's a way of life....

Coach Nicholson
Senior Member

Posts: 780

setup non-profit fundraising entity May 10, 2005 12:43:45 GMT

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Post by Coach Nicholson on May 10, 2005 12:43:45 GMT

luvdemlinman,

Im not sure if this is what you are lookin for but I will explain to you our fundraiser that we are having this friday. We are hosting what will be called an old car cruise in and bingo night. There will be an old car show and bingo and the procedds will go towards the football program. The best part of it all though is that we are also auctioning off some very nice items. Most notably Ohio State and Marshall football tickets...we are located about 40 minutes from marshall and 2 hours from Ohio State so needless to say we expect to have someone pay some serious dough for the tickets. Our kids will be serving food and beverages during the event.

www.thesplitbackveerassociation.com

www.sitekreator.com/coachjn

TIGER ONE
Senior Member

Posts: 6,423

setup non-profit fundraising entity May 10, 2005 13:09:56 GMT

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Post by TIGER ONE on May 10, 2005 13:09:56 GMT

Coach,

Kind of an oxymoron isn't it- NOT FOR PROFIT FUND RAISER- The state body that governs those type of things will not look favorably upon the request. I speak from experience as to when I applied for a non-profit status for my Football team years ago when I first started the team. They laughed me out of the building and made sure I had a handful of the proper tax paying documents to boot! As a one time thing, you can probably slide but as a permenent entity you are in for rough sledding I believe.

Coach Easton

J.C. EASTON<BR>HEAD COACH<BR>GA TIGERS FOOTBALL<BR>PROFESSIONAL MINOR LEAGUE

CYFL Coach
Senior Member

Posts: 568

setup non-profit fundraising entity May 10, 2005 17:02:57 GMT

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Post by CYFL Coach on May 10, 2005 17:02:57 GMT

Coach, our high school's football booster club is a 501(c) tax-exempt organization. Most youth or high school sports organizations can qualify but the paperwork is pretty tedious and the application fee to Uncle Sam will run about $450 to $500. If you have a CPA or someone familiar with filling this stuff out it is of a lot of help. In establishing an organization like this, my advice would be to define its goals and functions in a very detailed manner to ensure it will do what it was created to do over the long haul. Best of luck with it.

Dave Hartman
CYFL Coach

"It's not the will to win that matters - everyone has that. It's the will to prepare to win that matters."

Paul "Bear" Bryant

saintrad Senior Member Posts: 227	setup non-profit fundraising entity May 10, 2005 21:35:56 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by saintrad on May 10, 2005 21:35:56 GMT Plus being a 501(c) or a 503(c) allows the entity to go after federal, state, local, and private corporation grants for "community development and enhancement".
	Keith Wheeler<BR><BR>www.herofund.com - give to those that are giving their lives everyday.<BR><BR>"It's not about plays; it's about personnel, execution, getting people to believe and doing it right." - Norv Turner<BR>

luvdemlinemen
Member

Posts: 82

setup non-profit fundraising entity May 11, 2005 6:14:15 GMT

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Post by luvdemlinemen on May 11, 2005 6:14:15 GMT

That's what our program is thinking. We're also looking at some big, long-term goals...changing to turf field, complete redo of weight room, etc, and the 503c will help with that (won't happen through the school district, no $$).

From what i've researched, as long as all the funds go towards improving the program and we aren't paying board members "administrative" salaries, it shouldn't be a problem to get approval. John, one thing we specifically can't do out here is any kind of bingo or lottery type fundraising, but it is a great idea.

Essentially, we're looking at setting up a football-specific booster club and the 501c status will lend us a significant amount of credibility once we jump through the required governmental hoops to get it set up.

thanks guys.

Football is NOT a sport, it's a way of life....

BlackFly73
Senior Member

Posts: 352

setup non-profit fundraising entity May 11, 2005 10:05:34 GMT

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Post by BlackFly73 on May 11, 2005 10:05:34 GMT

I know lots of sports that have teams do this. Many soccer clubs use the same ideas. They register as a non-profit entity, and that allows them certain tax breaks, status, lottery abilities etc. Some 'Alumni' associations for schools also work in the same way.

It's a GREAT idea - I can't be of help though because the regulations may vary from state to state, and I am also in Canada. But from what I know through soccer, most clubs in the US do similar things. However, you do need to get some paperwork done and have things go through a lawyer. But it is worth it.

One thing to be aware of though is how your funds must be spent if you are 'non-profit'. For example, I know for some organizations they must spend all incoming money that fiscal year - which could prevent you from building up money over years for large projects. HOWEVER, if you have a parent/coach that is also a financial advisor you can probably set something up...

GOOD LUCK... it's a great idea.

MaxPreps

Concordia University Irvine

The Efforts of One

JCFB eBook

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setup non-profit fundraising entity

Post by luvdemlinemen on May 9, 2005 7:01:03 GMT

Post by CYFL Coach on May 9, 2005 12:42:32 GMT

Post by luvdemlinemen on May 9, 2005 21:25:40 GMT

Post by Coach Nicholson on May 10, 2005 12:43:45 GMT

Post by TIGER ONE on May 10, 2005 13:09:56 GMT

Post by CYFL Coach on May 10, 2005 17:02:57 GMT

Post by saintrad on May 10, 2005 21:35:56 GMT

Post by luvdemlinemen on May 11, 2005 6:14:15 GMT

Post by BlackFly73 on May 11, 2005 10:05:34 GMT

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