There are many types of fundraising structures to pick from. We are going to focus on a specific grey area type of fundraising called Cooperative Fundraising. Cooperative Fundraising is a practice, employed by some booster clubs, to receive credit for raising funds. This “credit” is often reimbursed in the form of dollars stored in individual accounts controlled by members of the booster club, rather than the club itself….
Many booster clubs decide that giving out a scholarship is a worthwhile endeavor. And it is- booster club scholarships can give a student a leg-up in the world and relieve financial stress. But are booster club scholarships legal to give out?
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There is no scientific method to create the right booster club leadership. Nor is there a magic formula that can transform one either. But strategic structuring and planning provides many opportunities to successfully manage a booster club. To best create and maintain a healthy booster club, is to have the right leadership structure in place to guarantee success….
Managing booster clubs is all about effective leadership. You want to make sure that you are leading your booster club in the right direction. This includes making sure that you are on time for meetings, communicating with booster club members and your associated school and the various levels of government. One area you will inevitibly run across is picking your booster club NTEE codes for the IRS. This can be confusing, so we thought we would break down what they are, why they are important and what happens if you do not pick one!
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To run a successful booster club, understanding how to maintain the booster club’s and coach’s relationship is critical. When the school, booster club, and coaching staff know their roles, building a winning culture is a realistic goal. However, sometimes a booster club’s and coach’s relationship strains when, for instance, the coach needs to fundraise for new equipment….
Before promoting itself and garnering community support, booster club management needs to identify how the funds it raises will be used and understand what typical items booster clubs pay for. Booster club support is primarily intended for student organizations, with a slight designated portion of revenue being reserved for booster club expenses, including operational costs and supplies. Some clubs are set up district-wide and oversee everything in a district, while others might be organized to specifically manage donations for a substantial project. Ultimately, the superintendent and/or school principal has final authority in matters of what a booster club can purchase. It is important for the club to understand the culture of the school and policies to ensure the organization complies with district regulations….
When looking for a booster club credit card, it is important to find a card that is right for you. Banks offer a lot of credit cards for small businesses. That does not mean every credit card is right for financing your booster club. When running a booster club, there is a lot to take into consideration. A booster club credit card will act as short term bridge funding for things needed to run a successful booster club such as fundraising, supplies, transportation, office supplies, renting out event spaces, catering, among other things. …
Booster Clubs continually are tasked with assisting upgrading and covering the costs of athletic equipment. But where are the best places to go and purchase new equipment? Or even upgrade your current setup? Retailers are great as an option, but may also want to consider going directly to the manufacturer instead. Many retailers are open to working with schools and nonprofits (booster clubs) to give them the best deals. So which manufacturers do this? Where can you get the specific equipment your team needs? Here are a few options that we found to be the most helpful in finding the best sports equipment deals….
Fundraising is a primary booster club focus, yet, despite its importance, it is not an easy feat to accomplish. The primary method to generate revenue is executing efforts such as bake sales, rummage sales, and car washes. These types of events are generally successful but also require plenty of time and resources to cast a wide reach. An equally successful strategy that is often overlooked, is to set your booster club to charge fees….
Have you ever considered changing your booster club into a booster club 501c3 Organization? Do you know what 501c3 tax exemption is and how it differs from a non-exempt nonprofit organization? Let’s break it down.
It’s possible your booster club organization is already a registered nonprofit organization with your state. It is also possible that while your organization is a nonprofit, it has never registered for 501c3 tax exemption at the federal level. The key difference between a nonprofit and 501c3, is that you first register as a nonprofit with your state, and then register as 501c3 tax exempt with the federal government. To become a 501c3 there are some additional application steps and annual guidelines you need to follow,…
Booostr is the first booster club software platform with a connected set of tools designed to help booster clubs and nonprofits better manage their organization. From Communication, to Management, to Fundraising, Booostr's connected software improves booster club efficiency and allow them to focus on surpassing their goals.
