Forming a non-profit versus being under a school's jurisdiction

[BSV]

Has anyone who was running a team under a school and dealing with slow processing of purchases, your funds that disappear, and other issues like that formed a non-profit to support the team so you don't have to deal with the school? Did it help, or was it more work than it was worth? What are the tradeoffs? Was it easier or harder to get sponsors? Asking for a friend.