Activity Catalog Aug 2017 - Aug 2018 | Page 28

Fund your Adventure BSA Fiscal Policies & Procedures for Units FAQ Should our unit have a checking account? Yes. Unit funds should be deposited in a checking account that requires two signatures on every check unless the chartered organization requires other procedures. Who is responsible for the finances of the unit? The unit committee is responsible for the unit’s finances, but the assets belong to the chartered organization. Should our unit consider insuring our unit equipment? Yes. It is suggested that your unit insure its equipment. Remember, the chartered organization owns the assets. When should our unit submit a BSA Unit Money-Earning Application? For all unit fundraising. Approval must be given in advance by the chartered organization and the local council. The Unit Money-Earning Application can be found at the Council Service Center or online at: cpcbsa.org/unitfundraising Is our unit considered tax-exempt by the IRS? Chartered organizations vary widely in tax status, but the tax status of your unit is the same as that of your chartered organization if the chartered organization includes the unit in its tax status. Candy & Meat Stick Sale Does our unit need to file annually an electronic postcard 990-N with the IRS? The BSA national office consulted with outside counsel. In their opinion, most units do not have to file. The only exception is for the very small number of units that have filed for separate federal tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. Can our unit be covered under the BSA’s group exemption? 27 My local company has employee volunteerism grants. Can these gifts go to our unit? Employee incentive awards and volunteerism grants usually can NOT go to a unit, due to the company’s giving restrictions. Corporate donations often can only go to charities that are “501(c)(3).” No. The IRS only allows local councils (and council trust funds) to be included under the BSA group exemption. A volunteer suggested that our unit apply for its own tax-exempt status. Can we? Units should not incorporate or apply for their own tax-exempt status. Units are not legal entities. Can we solicit gifts for our unit? No. Simply put, units are not permitted to solicit any gifts. Does that mean people can’t make gifts to our unit? Anyone can contribute to a Scout pack, troop, or unit—and many donors don’t need or care about charitable deductions. Can gifts go to the local council to benefit our unit, then “pass through” the council to us? No. Your unit “belongs” to your chartered organization, not to your local council. √ Take it Easy, no arrangements to make, just sign up and sell! Earn Funds for Scouting Fun! √ Earn up to 30% Profit! √ Earn your ZERO RETURN Bonus $100! WHEN: February - March, 2018 INFO: cpcbsa.org/candy 1. Have Zero Returns. 2. Sell a minimum of $1,500. 3. Close out on-time. √ Do Your Part by helping us out with the council sale. Not only does your unit earn a profit, but a portion of the profit helps the council pay for camps, upkeep, equipment and programs. Safety While Fundraising Include these safety considerations when planning a unit fundraiser (source Guide to Safe Scouting). 1. Money-earning projects should be suited to the ages and abilities of youth participants. 2. Proper adult supervision should be provided. 3. Youth should engage in money-earning projects only in neighborhoods that are safe and familiar and should use the buddy system. 4. Leaders must train youth members to never enter the home of a stranger and to know whom to contact in case of an emergency. 5. Youth participants should be familiar with safe pedestrian practices and participate during daylight hours only. Non-Commercialization Other than for the council sponsored candy and popcorn sales no Scouter, member, employee, or representative of the Boy Scouts of America, or any local council or unit, is authorized to use any logo, insignia, terms in common usage, or descriptive marks relating to Scouting for any commercial purpose, without the express written authorization of the National Council for the subject use.