Free Business Checking for Non-Profits ?

[ebarker]

Originally Posted by RoboTigers1796

Schools are 501 c 3 non profit organizations under the dept of ed from my understanding

Public schools do not fall under the 501c3 tax code but are a different type of entity.

A 501c3 is a non-profit corporation that exists for a different class of purposes.

Often times there are one or more 501c3 corporations that are designed to support a specific school. However, legally the school and the 501c3 are different entities, meaning they while they work together, at the end of the day they are separate. An analogy - you and I can support and help each promoting a common goal, but each of us is responsible for ourselves legally and financially.

All this is sounding like gobbly-de-gook but it is important to understand this gobbly-de-gook.