Question: Transitioning from PTA to PTO
We haved filed all necessary paperwork w/ IRS after it was voted to proceed with changing to a PTO. We have a large amount of money in the PTA and plan to spend it down over the year. Can we fundraise as a PTO so all incoming money goes into our PTO account? Is there any conflict with the PTA in doing so.
Asked by Anonymous
Community Advicemum24kids writes:
Yes, you can fundraise as a PTO. I don't believe there is any conflict with the PTA in doing so--just have the members vote on what to spend it down on. As long as you have the support of the members (last year's membership is good through 9/30, I believe), kind of hard for the state PTA to argue with it.
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