If your team is short on money read this

[Matt Leese]

Originally posted by Todd Derbyshire
It isn't really easy at all claiming non-profit status from a school especially if your school has a cafeteria which makes a profit for the school therefore making the school a profit. We have run into this problem and think we have found a solution only time will tell if it works.

Actually, you'd still be a nonprofit. I assume when Walmart refers to nonprofit they mean an organization with 501(c)3 status (I got the number right, no?). That is determined by the IRS. You can sell things at a profit and maintain 501(c)3 status. A nonprofit organization is one that provides a service to the community without the intention of making an overall profit (as in one that would go to the owners or stockholders; they don't exist). There are very few schools that qualify as nonprofit (and I don't know of any school cafeteria that makes money). I can tell you for a fact that RIT is a nonprofit organization eventhough they bring in lots of money by charging for things. Interestingly enough, Blue Cross & Blue Shield is nonprofit. Claiming that you're a nonprofit isn't too difficult if you're part of a school.

Matt