Question: 501C3 closer
can a principal close a pto 501c3 without parent approval?
Asked by Anonymous
Community Advicemum24kids writes:
Depends on how it was set up, but probably not. The principal can prohibit you from holding meetings on school grounds and can not allow you to distribute any literature through backpacks, which would probably effectively shut you down. But if you are incorporated, there are certain procedures that should be followed to actually dissolve the corporation. Even if you are not incorporated, you have bylaws, and those should specify how the organization is shut down.
Community Advicegjcoram writes:
In fact, the IRS requires that 501(c)(3) organizations have specific language in their articles of incorporation about dissolution (and what happens to the money).
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