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About Harvey Mechanic
Expertise
US Federal tax issues of nonprofit 501(c)(3) public charities only. Establishing and maintaining legal requirements for such non-profit organizations in the United States, including Internal Revenue service filings and requirements. I will not be working on this free forum to answer questions about Nonprofit's unrelated or for-profit businesses or how to fill out forms. This forum is only for general questions about federal tax law, not as the law applies to your specific situation. To search my previous answers you can do a Google search:
site:allexperts.com/q/nonprofit
[with your other search terms appended].

Experience
I have been practicing law and especially the law of nonprofit organizations since 1990 when I was admitted to the New York Bar.

Education/Credentials
B.S. Columbia University in New York City, 1970

J.D. (Law Degree) Brooklyn Law School, 1990 -- Cum Laude

You are here: Experts > Real Estate > Tax Planning: U.S. > Nonprofit Law > Deposits from fundraising events

Nonprofit Law - Deposits from fundraising events

Expert: Harvey Mechanic - 11/4/2009

Question
I am involved with a 501 c3 booster club for athletics at our public high school. After a recent fundraiser the booster's sponsored at the school, an administrator said we needed to deposit the funds in the school account (not our booster account) since the fundraiser was held at the school.
Is that OK to do? Seems like the funds should go into the booster account.

Answer
Unless you have signed a contract with the school specifying something else, a booster corporation puts its funds into its own account. If the school administrator has some reason then he or she will need to provide the citation or the URL for the reason and then I will respond to it.

Harvey Mechanic, Attorney at Law -
Harvey108@hotmail.com

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