Q&A

Start-up Costs for PTO

Assuming we cannot use PTA funds for the PTO filing fees, etc., where do the PTOs get the initial funds for changing from PTA to PTO?
- lferrigno

Once you have an EIN for your PTO, it's officially a separate organization. You can open a bank account and begin running fundraisers for the PTO (rather than the PTA). Tax-exempt status, when it's approved by the IRS, is retroactive to your PTO's start date.
- Craig
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