mscout

Just curious, the original seperate accounts, do you mean seperate individual account numbers too and how did that work with tax laws? I call the seperate account, my account at home. I don't feel the need to pay in so they can pay out. I will pay for my scout as needed throughout the year, and whatever money he helps create by whatever fundraiser can go to the pack or help someone else.

RE: Fees/Registration In our pack, if you sold pop-corn, your fees were waived otherwise you paid reg fee & ins. All the money raised was thrown into the pot and then used. Some had issues with their scout(and in some cases I seriously question who does the fundraising the scout or the parent selling hundreds of dollars in popcorn when others didn’t sell as much or at all & considered it picking up slack for others, so they started ISA. However, when there are other non pop corn fundraisers, they are not doing same, this money doesn't get ear marked for each individual, rather it goes into the PACK (not ISA) account and is used for "other" expenses. I don't see how this isn't picking up slack for others, because the same boys volunteer time & time again for hours of work while others do not. Either all individual accounts or just a pack account, none of this in between stuff. Then you have the tax issue. This seems a little slippery to me. First, the pack may claim it's all "pack" money, but our pack has each boys name and it tracks $ in and $ out on each boy. If a scout has a negative balance, the pack doesn't absorb that, he must pay that in. For non profit status, the fundrasing must be for the entire organization, so when you start keeping complex spreadsheets, this isn't for the "pack". Our pack is coming up with a minimum year start up amount, that you must have in the account, and add in fees to cover Boy's Life,B&G and Pine Wood Derby. Sorry, these are not mandatory. Keep them out of the minimum required. In fact, there should be no minimum requirements to the ISA. Whether it's tax legal or not, the premise of the ISA was a place to put $ earned from fundraising because you can't hand $ to the scout, because then he would be getting paid. Now we are asking parents to pay upwards of $75.00 then when it comes to camping or crafts or go see its, they are still shelling out money on top of that. Picking up slack statement bothers me too. Is this a scout like statement? Our pack has help for those in need anyway regardless so I don't get this whole, well if they can't afford, they can fundraise attitude. I will be attending a committee meeting soon and need opinions. FYI : http://www.irs.gov/pub/irs-wd/02-0041.pdf