SoCo Gold Wrote:
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> South County is only charging $2,000 for lifetime
> booster membership, offering 5 Gold passes. And
> nothing is said on the form about being a 501©
> but it is on the website. Throwback prices for the
> 10th year anniversary of the school! Get 'em while
> they're hot! As a volunteer, I know how important
> it is to fundraise and support the schools. As a
> small business owner & tax payer, I also
> understand how important it is to be on the right
> side of IRS regulations. This needs to be cleaned
> up - the "everybody does it" and "this is how
> we've always done it" doesn't hold water. These
> organizations are not above the law.
Looks like SoCo also missed the memo regarding part V lines 7 a and b and did not send anybody itemized receipts for larger contributions where people received goods or services in return.
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