what does it mean to be non-profit as far as a softball organization??

Not many "non profits" I would say

If it's a true "non profit", 503-1C, they will be registered with the Federal Government as such, the government knows every move and there are tons of paperwork. Not the kind of hassle we choose to participate in. We have enough to keep up with already.

I would say that most are not "non profit".
We are "NO PROFIT". Most are just getting enough income from player fees to cover team expenses, ie, tournament fees, equip., ect...
There are a few self funded teams in the state. By that I mean, expenses are covered by business owners who happen to coach. That's how I played slowpitch all those years.

Some, like us, raise some funds from tournaments and in turn cover the those team expenses and help out our kids with some travel expense.

Some have paid coaches but I would venture to say most do not.

Some, like me and my guys, pay our own way and contribute to the cause when needed.

 

Non profit vs Tax exempt

There is a lot of confusion between non-profit and tax exempt status..

Non Profit Status
Issued by the State
No exemption from taxes
Must file annual report
Donations not deductible by donor

Tax Exempt
501c3 issued by the IRS
Exempt from Federal taxes (usual/customary income)
Donations deductible by donors.

Any travel ball team should be setup as tax exempt, not non profit...

 

Good subject

Most of us are non-for-profit! The Blues have always charged just enough to cover tournaments, some equipment, and let the kids pay their way to tournaments, etc. We do some fund raisers to assist when ever possible and have been lucky to have a few sponsors in our early years.
Just like Rick, most of us have spent many thousands of dollars out of our pockets to make sure all the kids got the chance to compete.
We looked into Non-profit status but the cost and the record keeping was just not worth the hassle. Most of the organizations for which I am familiar hold down cost and never plan to make a buck.
I do know a couple organizations where their founders/coaches make over $50,000 a year.

 

....$50K for a coach or team founder? Wow! I'm dog gone proud of the money that mommafish and I have spent on ALL of our teams kids!

I wouldn't trade it for ...........well, ok if you want me to coach your kid for $50K a year I'll put my honesty to the side and take the job. lol Cash only!

Nice thread pal.

HHHMMM, HHHMMM, HHuh
Fishdad

 

our team

The team my 12u plays on is tax exempt... They will take any type of donations and team secretary will write a receipt for any monies or equipment that is purchased for the team. We don't get a whole lot of money donations, but every bit helps. Most of the time its uniforms or batting helmets.

Here is a idea. Form your team as a church group which are tax-exempt. On Sunday morning have your team together for a short team service before you play. Invite anyone who wants to come, sing a song, read some scripture and discuss it, pass the hat and close with prayer. Give 10% of what you take in to someone else....... Team benefits, spiritually, mentally, financially and someone or team gets help also. Kids can learn even in softball about giving.

Just a thought??????

 

.....excellent post by my pal StanMan!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Fishbuddy