Question: Defining the tax status of our PTO

We took over a dissolved PTO in Sept 2009 (they were under the umbrella of the schoo) When we started we were told that the school "umbrella" was no longer an option. We started by getting an EIN number and setting up shop. Now a year later we realize that we should be incorporated and file for 501(c)3 status. We have become incorporated on Dec 9, 2010 and are currently working on the 501(c)3 - but we are not sure of what are status is - are we a successor organization, was that organization for-profit? Our bylaws for that old organization said we were non-profit, but we think that doesn't mean much. We are very confused and would like some direction on this. Thanks for your help.

Asked by Anonymous



Advice from PTO Today

Craig writes:
The IRS considers you a new organization starting from your incorporation date. Legally, you are a separate entity from the old PTO.

Answer this question: