Hold a meeting to establish membership and an election of officers. The officers should create bylaws and constitution.
A school district employee cannot be an officer.
Obtain a Tax ID # from the IRS. A Tax ID number is an identification number assigned by the IRS to an organization (Employer Identification Number (EIN)). A Tax ID can be obtained by applying on the IRS Select Charities – Apply for EIN online.
Requires a Social Security number to verify US Citizenship.
Tax Exemption - If the organization wants to make tax exempt purchases, contact the MS Department of Revenue and ask for a Letter of Tax Ruling. Most resale purchase can be made tax free using the MS Dept. of Revenue Notice 72-13-007.
Once the Tax ID number is established, a bank account can be opened in the name of the Booster Club.
A school district employee cannot be on the bank account.
Booster Clubs are not allowed to use the Petal School District Tax ID# for any reason.
Two scheduled meetings must be held annually with three board members present. A financial statement must be reported at each meeting showing all income and expenses.
A Financial statement and a bank statement must be emailed to the Activities Director quarterly.
Activities Director – firstname.lastname@example.org
The Booster Club must adhere to the school board policy concerning Booster Clubs and Fundraising.