View Single Post
  #3   Spotlight this post!  
Unread 15-11-2007, 07:02
JohnBoucher JohnBoucher is offline
Blue Shirt
FRC #0237
 
Join Date: Jan 2004
Rookie Year: 2003
Location: Watertown, CT
Posts: 2,927
JohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond reputeJohnBoucher has a reputation beyond repute
Re: Financial Organization

Team 237 is also a 501(c)(3). We have our own credit cards. Becoming a non-profit is a great move for a team if they don't receive school funding or enough school funding. It's important to corporate sponsors.

There is a lot of grant money out there for non-profits that will cover your additional expenses. We receive three different local foundation grants that we use for various items, like tools and materials.

We have a state tax exempt form that we take when shopping locally to avoid sales tax. There is a little work to getting the on-line transactions tax-free, but it's a one-time deal.

Good Luck
Reply With Quote