FRC Team 1296 Car Raffle!

[wireties]

The "Full Metal Jackets" are raffling a car! The funds will pay for new tools in a modest new off-site facility and provide travel scholarships to offset trip costs.

Legal stuff...

The Rockwall Robotics Booster Club is a charitable corporation in the state of Texas with IRS 501(c)(3) status operating at 2010 Industrial Drive Suite 602 in Rockwall, Texas 75087. The organization promotes STEM-related educational robotics programs in and near Rockwall High School in Rockwall Texas. The organization has been in continuous operation from 2003 to the present.

The prize is a 2016 Ford Mustang V6 Fastback. One must be 18 years or older to enter. One need not be present to win. No more than 2500 tickets to be sold. A minimum of 800 tickets must be sold or funds will be returned. Ticket sales and drawing are audited by Chapman, Hext & Co., P.C..

The prize is selected on December 12, 2015 5pm at North Central Ford, 1819 N Central Expy, Richardson, TX 75080.

You can enter the raffle from the 1296 web site.

Thank you for supporting the "Full Metal Jackets, FIRST FRC Team 1296! Good luck!

[polytechnique]

That's pretty awesome. Out of curiosity, where did it come from?

[mastachyra]

I'm in! Good luck with this!

[cxcad]

What's the tax on this prize?

[wireties]

Originally Posted by polytechnique

That's pretty awesome. Out of curiosity, where did it come from?

There is a local high school band that raises money for uniforms by raffling a car. One the new student's father buys those tickets every year and told us about it.

[wireties]

Originally Posted by cxcad

What's the tax on this prize?

We wanted to include the tax but it seems that is very much against the rules. The value of the car is "ordinary income" so the tax rate would depend on the tax bracket of the winner. Plus there is Texas sales tax.

[Dominick Ferone]

Will you guys be updating the thread with how many tickets were sold?

Also did you guys end up getting the car donated or did you guys purchase it at a discounted rate?

[wireties]

Originally Posted by Dominick Ferone

Will you guys be updating the thread with how many tickets were sold?

Sure thing, I can do that!

Originally Posted by Dominick Ferone

Also did you guys end up getting the car donated or did you guys purchase it at a discounted rate?

One of the tricky parts of Texas law is that you must be "in possession" of the raffle prize. In our case we have a strategic partner in North Central Ford of Richardson, Texas. North Central Ford is, of course, "in possession" of the car and was quite generous with the terms. So when the prize is won, it is a particular VIN Mustang and the buyer must take possession of that car. But North Central Ford will be very accommodating, making in-kind transactions to upgrade etc.

[wireties]

We are checking ticket sales every Monday morning, 210 raffle tickets officially sold as of Monday 10/19! But there are many more sold and not tallied yet.

Students who hand in ten tickets in any given week are eligible to receive a nice prize! Help them out and buy a ticket!

http://www.rockwallrobotics.com Click on the car!

TIA

[JohnSchneider]

Really impressed you've sold so many tickets so fast! Great idea Keith.

[wireties]

Originally Posted by JohnSchneider

Really impressed you've sold so many tickets so fast! Great idea Keith.

Thanks John - good to hear from you! I hear you are starting to interview - make sure you include Dallas!

I can't take credit for the raffle, we have some incredible robo-moms and booster club support this year!

[wireties]

Heavy traffic on our website - gotta upgrade the bandwidth! It will be back up shortly.

[mschwab013]

The link says that the account has been suspended

[wireties]

Originally Posted by mschwab013

The link says that the account has been suspended

Yeah, we are cohosted with a site that occasionally exceeds their bandwidth. I sent them a message. It will be back up shortly.

Thanks!

[wireties]

Originally Posted by mschwab013

The link says that the account has been suspended

back up now - sorry!