February 22, 2018

Special Replay: Easy Fundraisers for Homeschool Groups

31 minutes

Does your homeschool organization need some ideas for raising money? Carol Topp, the Homeschool CPA, shares ideas for easy fundraising in this episode of the Dollars And Sense Show.

Easy fundraisers show notes:

Coupon and reward programs

Box Tops. Need 501c3 status

Shopping reward like Kroger Plus program

E Scrip

Food as a fundraiser

Pizza sales, bake sales to members

Candy, popcorn sales to public could impose a reporting to you state’s AG office

Restaurant (Chik-Fil-A) give a percent of proceeds from one night to your organization

Dinners as fundraisers

Donations

Via email, website, crowd funding, etc

Read-a-thon or walk-a-thon

Car washes and bake sales

Sell products

Ideas at TopSchoolFundraisers.com

Used curriculum sale. Charge an entrance fee, or a table fee to the sellers (or both!)

Reporting the Fundraiser income:

The IRS considers fundraisers to be unrelated to your nonprofit purpose and therefore, subject to taxation. Exceptions to the Unrelated Business Income tax:

Under $1,000 income from fundraisers in a year

All volunteer labor (no hired help to run the fundraiser)

Not regularly carried on

Selling donated items

State may require reporting to their attorney General if you sell to the public or solicit donations from the public. Usual exceptions are: only sales to members, a dollar threshold ($25,000 is common), all volunteer labor, but these vary by state.

Warning: No Individual fundraising accounts!

See http://homeschoolcpa.com/scouts-dont-allow-individual-fundraising-account-and-neither-should-you/

New links:

Blog posts on fundraising: http://homeschoolcpa.com/tag/fund-raising/

Article “Easy Fundraisers for Homeschool Groups” at http://homeschoolcpa.com/leader-tools/articles/

More information:

Money Management in a Homeschool Organization book

Blog posts on fundraising: http://homeschoolcpa.com/tag/fund-raising/

Article “Easy Fundraisers for Homeschool Groups” at http://homeschoolcpa.com/leader-tools/articles/

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The post Special Replay: Easy Fundraisers for Homeschool Groups appeared first on Ultimate Homeschool Podcast Network.

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By Carol Topp

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February 22, 2018

Special Replay: Easy Fundraisers for Homeschool Groups

31 minutes

Does your homeschool organization need some ideas for raising money? Carol Topp, the Homeschool CPA, shares ideas for easy fundraising in this episode of the Dollars And Sense Show.

Easy fundraisers show notes:

Coupon and reward programs

Box Tops. Need 501c3 status

Shopping reward like Kroger Plus program

E Scrip

Food as a fundraiser

Pizza sales, bake sales to members

Candy, popcorn sales to public could impose a reporting to you state’s AG office

Restaurant (Chik-Fil-A) give a percent of proceeds from one night to your organization

Dinners as fundraisers

Donations

Via email, website, crowd funding, etc

Read-a-thon or walk-a-thon

Car washes and bake sales

Sell products

Ideas at TopSchoolFundraisers.com

Used curriculum sale. Charge an entrance fee, or a table fee to the sellers (or both!)

Reporting the Fundraiser income:

The IRS considers fundraisers to be unrelated to your nonprofit purpose and therefore, subject to taxation. Exceptions to the Unrelated Business Income tax:

Under $1,000 income from fundraisers in a year

All volunteer labor (no hired help to run the fundraiser)

Not regularly carried on

Selling donated items

Warning: No Individual fundraising accounts!

See http://homeschoolcpa.com/scouts-dont-allow-individual-fundraising-account-and-neither-should-you/

New links:

Blog posts on fundraising: http://homeschoolcpa.com/tag/fund-raising/

Article “Easy Fundraisers for Homeschool Groups” at http://homeschoolcpa.com/leader-tools/articles/

More information:

Money Management in a Homeschool Organization book

Blog posts on fundraising: http://homeschoolcpa.com/tag/fund-raising/