We did a cartwheel-a-thon once to raise money...fun and appropriate I thought!
You would be surprised!Just out of curiosity, what kind of fundraising? It seems like you are trying to raise quite a bit of money. Surely you aren't trying to raise that much by selling candles and pizza kits!
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I also have to comment that a few years back they ran a fundraiser for equipment but did not use the money raised for equipment. So it all doesnt sit right with me.
The gym gave out fundraising packets to everyone......not just team butvrec classes also, to participate in fundraising for new equipment. This is a gym club that is for profit, owned by a private person. It just seems wrong to ask your customers to fundraise for new equipment. Isnt that what we pay tuition for? The costs of the business should come from that right?
A non profit booster can't buy equipment but a for profit booster can. Any money raised for the gym would be off set by the cost of the equipment, presumably, so there should not be any tax burden unless there was a significant amount left over. And yes, you are right that the donations are not tax deductible for the donors, though if done correctly, they can be tax deductible for businesses through advertisement expenses. For profit gyms and for profit boosters can require participation, though that would not sit well with many families. Personally, I would much prefer the gym find its own way to raise revenues for equipment costs, including raising tuition if need be, rather than force participation in fundraising. (I realize forced participation was not part of the Ops comments. I am just throwing that out there based on above comments)
given the link you referenced, it appears there are loopholes for some gyms. However, from reading the document, i would say that most booster clubs would not qualify under 501j, since the vast majority of gyms do not have evidence of training future elites/collegiates. And I am guessing the IRS takes a very narrow view when it comes to this evidence. But for the boosters who would qualify, if a non profit booster buys equipment, it belongs to the booster, not the gym. I suppose it's possible that a qualifying booster could just retain ownership of the equipment, but that opens another set of legal ramifications in terms of liability, maintenance, equity in the company, etc. certainly not a good position to have long term. I don't know if the equipment can be gifted to a For-profit gym, but if it can, the gym would have to count it as income and pay taxes on it.
That sounds neat. How has it been working? Better than a standard Dyson?Only if you want to be at a junky gym. We do the same thing as above for rec...we actually charge a $120 equipment fee for all team gymnasts...it is built into their seasonal costs instead of tuition...but I could easily eliminate the fee and raise tuition by $15/month.
- New central vac. (cyclonic action) for bar area ~$1200