Booster Summit - ohsaa
Booster Legalese – Compliance & Structure
Session 2
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Booster Club Structure • Approximately 95% of booster clubs fall under option #2
• Should your booster club be incorporated?
Option #1 School District Administrated
Option #2 Independent State Corporate Registration
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Incorporation • Incorporating the booster club happens at the state level (Secretary of State)
• Decreases personal liability of officers and directors • Increases the control of the booster club over its activities • Credibility
Copyright (c) National Booster Club Training Council All Rights Reserved
Non-profit
Booster Legalese!
Basic Training
What’s the Difference? • Non-profit status is issued by the state • No exemption from taxes • File annual corporate taxes – just like for profit companies
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese! 501(c)(3) Tax exempt
Basic Training
501(c)(3) Status • Tax Exempt – 501c3 issued by IRS • Exempt from federal taxes (usual/customary income) • Donations tax deductible to donor
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Roberts Rules of Order Top Things Your Booster Club Should Know About • * Bylaws * Minutes * Adjournment
* Amendments * Motions * Quorum
* Agenda * Seconding * Officer Elections
• Email and request Top things and Roberts Rules • [email protected]
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Summary • Booster Club Structure • School District Administered • Independent Corporate Registration • Why booster clubs should Incorporate • Difference between non-profit - tax exempt
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Questions & Answers Copyright (c) National Booster Club Training Council All Rights Reserved
Session 2
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Booster Club Structure • Approximately 95% of booster clubs fall under option #2
• Should your booster club be incorporated?
Option #1 School District Administrated
Option #2 Independent State Corporate Registration
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Incorporation • Incorporating the booster club happens at the state level (Secretary of State)
• Decreases personal liability of officers and directors • Increases the control of the booster club over its activities • Credibility
Copyright (c) National Booster Club Training Council All Rights Reserved
Non-profit
Booster Legalese!
Basic Training
What’s the Difference? • Non-profit status is issued by the state • No exemption from taxes • File annual corporate taxes – just like for profit companies
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese! 501(c)(3) Tax exempt
Basic Training
501(c)(3) Status • Tax Exempt – 501c3 issued by IRS • Exempt from federal taxes (usual/customary income) • Donations tax deductible to donor
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Roberts Rules of Order Top Things Your Booster Club Should Know About • * Bylaws * Minutes * Adjournment
* Amendments * Motions * Quorum
* Agenda * Seconding * Officer Elections
• Email and request Top things and Roberts Rules • [email protected]
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Summary • Booster Club Structure • School District Administered • Independent Corporate Registration • Why booster clubs should Incorporate • Difference between non-profit - tax exempt
Copyright (c) National Booster Club Training Council All Rights Reserved
Booster Legalese!
Basic Training
Questions & Answers Copyright (c) National Booster Club Training Council All Rights Reserved
