Hi Tim,
I assumed it was the end of the month because I thought that was the official end of the PTA year for our school, and also possibly the end of the fiscal year for our school. Regardless of my assumption, is there anything that says when we are officially no longer a PTA?
Also, we spent down as much money as we could, but we still have some last-minute deposits to make (front desk oversight), as well as a $5000 bill for our recent book fair. I imagine that we cannot write PTA a check for the balance until our deposits have been made, and our bills have been paid. In addition, don't we need to do our end-of-year audit?
If it were me, I'd get rid of those dollars now. My typical advice is to get the $$ down to zero/near-zero *before* the final vote. But since you've already had the final vote, my next advice would be to do that as soon as possible.
Basic principle is that if there are no dollars to claim, there's not a lot to argue about. The paperwork and the like is small potatoes. But $4,000 or $10,000 or something is not. Sooner you don't have those dollars in the PTA account, the sooner you're out of harm's way.
Hi All! Thanks for the feedback. But as far as when we are officially "no longer a PTA," what would that date be? As far as I know, it is June 30th. But the council rep seems to think that it takes effect the day of the vote.
Note to involved.parent--thank you, but I did have my plans all laid out before the vote, probably more than most. I don't quite understand the assumption on your part. My question was regarding what I asked above. Notice that the question refers to something that happened after the vote.
Jcarar - if the disbanding is effective with your vote, why would there another form to file? And Robert's Rules says votes take effect immediately unless the motion states otherwise.
The problem with that is that if you are a registered 501c3 then the federal government says you can't.
I don't understand that statement. In fact, a 501c3 CAN make a donation to another 501c3. So the PTA, a 501c3, could make a donation. And if the new parent group isn't a registered 501c3 yet, I'd call the IRS about accepting the donation as a "pending 501c3" before I automatically assumed that the new group couldn't accept the donation.
