Hi there,
If you are a a 501(c)(3) you do not have to hand over your funds. However, the school board or other governing body in your community can set many rules over how your group can operate. It would be helpful to reach out to the new superintendent and explain why you want to independently maintain the PTO money. The key reason: Parents raised this money and want to see it put to use in their school. If the superintendent takes that ability away, parents will lose incentive to donate/raise funds.
Rose
- Rose H
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Does this apply even if they do not have their 501(c)(3) status? They for sure operate under their own EIN and bank account. Also, does the principal have the authority to ask the president to step down?
- bbussell
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