administration
Choosing and Maintaining a Bank Account for a Community Group
No matter how small your nonprofit is, your mission serves an important role in the community. And even if your nonprofit handles just a small amount of money, it is vital that you set up a bank account. Most community groups need a bank account to keep track of funds, protect individuals and prevent embezzlement.…
Are PTAs Tax-Exempt?
Most, although not all, of the groups we serve here at MoneyMinder are classified as 501(c)(3). When it comes to asking whether your PTA is tax-exempt, the first question you must answer is whether your group is registered with the IRS as such. The IRS has a convenient tax-exempt organization search if you know your…
Do You Need to File a Tax Return if Your Group Had No Activity?
It’s been a tough year for too many reasons to count. From virtual fundraising to online holiday events, nonprofit groups have shown their ability to adapt to a strenuous situation. But not all groups were able to continue when the pandemic hit. Our support team has received a few inquiries around this topic and we…
Nonprofit Membership Levels and Names (with 15 Examples)
Membership is the cornerstone of a solid financial backbone for many nonprofits, associations, and clubs. Does your group have to have membership levels to succeed? Absolutely, not. For some groups, you’re either in or out. For others, things aren’t so black and white. Read on to learn about nonprofit membership levels (with examples) so you…
Generating Nonprofit Financial Statements for Your Small Group
So, you’ve been elected Treasurer for your PTA, Booster Club, Rotary or Sports League. Even if you aced accounting in college, this responsibility isn’t to be taken lightly. Providing a nonprofit financial statement is an absolute must. Here’s why. Your board members and/or key stakeholders need to know what has changed with the finances since…
Cash Flow Management for Clubs, Teams and Parent Groups
Simply put, cash flow management is tracking the money that comes in and out of your nonprofit. It’s one of the essential duties of a nonprofit treasure! If you don’t manage your cash flow, you are putting your nonprofit at risk of more than just cash shortages. Losing a donor or having to cancel a…
How is a Typical Booster Club Management Team Structured?
Booster Clubs exist to provide a financial “boost” for student activities. And as we’ve written about in the past, that activity doesn’t always have to be athletics. There are many types of Booster Clubs that support activities such as music, STEM, theater, arts, and sports. But how is a Booster Club managed? Whether you’re starting…
Church Treasurer Duties, Explained
A higher power has called upon you to help your church or faith-based organization as the treasurer. Now what? The Church Treasurer assumes an important duty that has a direct impact on the success of the church. Maintaining solid financial footing helps the church complete its mission by having funds to complete its community and…
PTO & PTA Job Descriptions
If you are in recruitment mode for your PTA or PTO officer roles, you might be scrambling to write job descriptions for each role. We’re here with some basic descriptions for the more common roles. Your Parent/Teacher/Student group is unique and may have different officers from other such groups. That said, the functions of these…
A Guide to Getting Started as the Scout Unit Treasurer
Have you been promoted from Scouting Parent to Scout Treasurer? Congratulations! You’re about to embark on an amazing adventure. Put on your uniform and let’s get started! Start by registering as a Scout Leader on the Boy Scouts of America (BSA) website. This may require a background check. Plan to attend monthly roundtables with the…