Question: teacher gifts
our bylaws state that no member may benefit from our net profits, what does this mean for PTO buying teachers Christmas/ end of year gifts? They are members and that seems to be a benefit??
Asked by Anonymous
Advice from PTO TodayCraig writes:
That language about profits is standard for a nonprofit organization. It simply means that you won't distribute your cash profits to shareholders like for-profit companies do. Instead, you use your money to forward the mission of your organization. Buying small appreciation gifts for teachers, or volunteers for that matter, is perfectly acceptable.
Answer this question: