All of the tools your treasurer needs to manage your Booster Club's finances.
We have all heard the stories of a parent who steals money from their Booster Club. When you have
cash sitting in shoe boxes, for some the tempation is just too much.
Eliminate the chance that your Booster Club will lose hundreds or thousands of dollars. Collecting all of your money through online transactions leaves a financial foot print.
1. Transparency is Critical
The financial records and books should always be open for members to review. If your treasurer refuses to allow board members to review bank statements, the check register, or any other financial documents - take that as a red flag.
Membership Toolkit gives you the Financial Reports.
2. Taxes Are Important
Even non-profit organizations have an obligation to file a tax return. And in many states non-profits must pay sales tax. We have heard many stories of Booster Organizations who paid a large penalty because they did not take care of their tax liabilities.
Require your Treasurer to present a report to the Board on the status of your taxes and to note in your minutes when tax reports have been filed.
When setting up your account, Membership Toolkit allows you to input your tax rate and also determine which items are taxable.
3. Create A Budget And Have It Approved Online
We don't sell insurance. But we do recommend that all of our parent organizations carry insurance.
There are several companies that offer insurance. The majority of our customers use AIM Insurance and we have heard good things about their service.
Can you afford insurance? You cannot afford to not have insurance. If your organization is fundraising, hosting events, recruiting volunteers - you need insurance.