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Re: Money Management
Our PO system is even more open. I can place the purchases or our teacher place the purchases online and reference the PO number that we have open with the vendor. We do this for McMaster, Andymark, Grainger, Local Metal Store, and our T-shirt vendor.
If you wanted to go the 501c3 route, we started down that path and realized the trouble it was going to be since we don't have anyone who was interested in helping managing the accounts, as far as taxes, audits, etc. What we did was get hooked up with our local Community Foundation within our school district. We opened up a Fund within their group. All donations to our fund are for our fund to use, all donations are 501c3 through their organization. They charge a measily 2% annually for managing the fund as far as cutting checks, PO's, audits, etc. They also gave us the option to invest some fo the money to be able to make money with out money, which should cover the annual fee. It was a win win for us. Now we will be able to better support the FRC team and we will use the group to support local FLL and FTC teams as well.
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Jimmy - Lead Mentor, Pit Boss, Miami Valley FRC Regional Planning Committee
Lakota Robotics - FRC Team 1038
2013 - Crossroads Team Spirit,Quarter-Finalists - Queen City WFFA - Paul George,Quarter-Finalists - Ohio FRC State Championship Champions
2012 - Queen City Volunteer of the Year,Team Spirit,Finalists - Smoky Mountains Engineering Inspiration,Quarterfinalists
2011 - Pittsburgh Semifinalists - Buckeye Engineering Excellence Award,Coopertition Award,SemiFinalists
2010 - Pittsburgh Judge’s Award,Quarterfinalists - Buckeye Industrial Design Award,Finalists - IRI Mentor Round Champions
2009 - Buckeye GM Industrial Design,Champions
2008 - Midwest Engineering Inspiration,Quarterfinalist - IRI Semifinalist
2007 - Pittsburgh Motorola Quality,Finalist - Buckeye Rockwell Automation Innovative Controls,Finalist - Championship Newton Quarterfinalist
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