There are many organizations and school programs in dire need of more support. However, as in most states, the process of creating the correct Nebraska booster club structure is not a simple one. To create a booster club in Nebraska, it is necessary to go through several steps to establish your booster club as a legally functioning entity. Mistakes or skipped steps during the formation of your Nebraska booster club can lead to negative repercussions down the road, so it is important to carefully consult federal and state laws when you build your Nebraska booster club. The following article provides advice for those who wish to found a Nebraska booster club.
To create a booster club in Nebraska, you will need to access information and resources that are available on the Nebraska Secretary of State website. This website provides guidelines for checking name availability for your booster club, which you will have determine early in the Nebraska booster club formation process. States typically try to avoid having multiple organizations with the same name. As such, you may want to think of a few name options for your booster club, since your first booster club name choice may already be taken. The Nebraska Secretary of State website also provides access to forms you may have to file with the state to found a Nebraska booster club, which may come with processing fees, as well as information about forms that should be filed annually or biennially. Additionally, the Nebraska Secretary of State website also provides links to other online resources you may need to build your Nebraska booster club.
The federal government, much like state governments, also has requirements that must be met to create the correct Nebraska booster club structure. You may want to consult the IRS website to learn more about forms your booster club might have to file annually, as well as the other information and resources the IRS provides for nonprofits. When you begin to build your Nebraska booster club, you may also want to apply for an Employee Identification Number (EIN) through the IRS. An EIN is often necessary to create a bank account for your booster club or to file certain forms. You can learn more about how to apply for an EIN on the IRS website.
Many booster club choose to become nonprofit organizations and, to avoid the costs and other requirement associated without tax exemption, apply for state and federal tax exemption. The Hurwit & Associates website provides detailed information about applying for both state and federal tax exemption in the state of Nebraska, as well as information on other forms that may need to be filed to create a booster club in Nebraska. The IRS website provides information and forms for apply for federal tax exemption status as a nonprofit organization.
Once you found a Nebraska booster club, you may find it beneficial to create a bank account for your booster club. The legalzoom website provides general guidelines for setting up a bank account for a nonprofit organization. Individual banks have different rules and benefits for nonprofit organizations, so you may wish to carefully compare all bank options before you choose the bank through which to create your account. Having a booster club bank account will make managing club finances much easier, although you will still want to create proper bylaws that outline proper financial management procedures for booster club members. Additionally, many booster clubs with websites capable of accepting digital donations often arrange for these donations to be deposited almost directly to their booster club bank account. The capability to accepting digital donations significantly expands the fundraising options open to a booster club and can increase the overall support a booster club can give to an organization or school program.
While it may not be easy to create the correct Nebraska booster club structure, the process can be made quicker and less stressful by careful consultation of state and federal laws. Without careful consideration of all the steps need to create a booster club in Nebraska, you may end up making mistakes you could have otherwise avoided. Although the process to found a Nebraska booster club can be tedious at times, your efforts will feel well worth it once you begin to make a difference for the organization or school program your booster club supports.