|
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
|