Welcome to the Police Unity Tour with Chapter VIII from your Treasurer. The Treasurer’s job for the Chapter covers a multitude of responsibilities. However, the most important is to ensure that all financial business of the Chapter is conducted in accordance with local, State and Federal law in order to maintain our Charitable Organization status and ability to raise funds as a 501-c-3 Organization.
This is an FAQ of the financial guidelines, policies and financial situations that you might encounter during payment and fundraising. While as inclusive as possible, you may experience a unique financial situation or question that is not covered. Dealing with those situations sooner rather than later will ensure;
· Chapter Charitable Status is protected
· You receive credit for the funds you raise
· Our Donors are provided the documentation required by law
· Your/Our Donors receive the proper recognition
· You receive the correct support and documents needed to raise funds
Membership in the Chapter will hover around 250 this year. If you have questions about fundraising, special events, charitable status, employer sponsored gifts or matching gifts, etc., use this FAQ and the Chapter website first, before you reach out for support. Most situations are covered here.
Q: Who is responsible for reporting donations to the IRS?
A: Police Unity Tour of Florida, Inc., dba Police Unity Tour Chapter VIII
The funds raised and donations to support the National Law Enforcement Officers Memorial and Museum by members of the Police Unity Tour of Florida, dba Police Unity Tour Chapter VIII (Chapter), a 501-c-3 are the property and responsibility of the Chapter. Individual members are not responsible for reporting the donations or funds as income. Therefore:
1. A team or individual may not hold, retain or divert donations raised using the tax-exempt status of PUT Chapter VIII to cover travel, equipment, events, individual reimbursements or any other cost benefiting an individual member or team.
2. Individual travel by vehicle, airline, bus, boat or train is not reimbursable.
3. Lodging, meals, bike parts/tires/shipping/clothing, helmets, supplements and other miscellaneous expenses are not reimbursable, nor can donations be diverted to cover these expenses.
4. Funds provided by an individual or corporation for use as noted in 2-4 above are outside the tax-exempt status, the donations are not tax deductible to the donor and must be reported as income by the an individual receiving the funds including equipment, merchandise, etc. on their tax return to the IRS unless the provider identifies the money or material as a gift.
Q: Is there a minimum fundraising goal for each member?
A: Yes $1,750
Once you have been accepted as a member of PUT Chapter VIII (Chapter) start raising funds to meet the minimum $2,000 required of each member. If you will want to reach out to potential donors electronically. The only Chapter approved online fundraising partner is First Giving. Set up an online First Giving Account. Go to FirstGiving.com and click on the get started button.
Q: Can I use GoFundMe, FaceBook, Good Done Great or other 3rd party online services?
A: Third-party fundraising services are (either prohibited or strongly discouraged BOD choice) due to the fact that they lack direct support for the member or receiving party, funds may take up to 90-days to transfer, and verifying reception of funds by the member to the Chapter may not include fees or other costs that reduce the donated amount. (If the BOD decides to permit third-party fundraising the following will apply)
Q: How do I receive credit for the donations I receive or the funds I raise?
A: By Using a Sponsor Receipt Form with every donation.
A member must provide all off-line donors with a “Sponsor Receipt” located under the Forms, By-Laws and Policies. The member or donor will fill this out and include it with the donation mailed to the Chapter. All FirstGiving donations are transferred by the Chapter to the Official Fundraising Spreadsheet.
Q: Are all donations tallied so I know my total donation amount to-date?
At the Chapter website, on the fundraising tab, there is a Fundraising Spreadsheet. Click on the tab to see a roster of all individual and team members fund raising totals.
Q: Who should donation checks be made out to?
A: The Police Unity Tour of Florida, Inc. or Police Unity Tour Chapter VIII
Q: Do we accept cash?
A: Any cash you accept as a donation will have to be deposited to your personal account and a check mailed to the Chapter. It is OK to combine several cash donations in one personal check. Fill out a member donation form to accompany the check. Make a spreadsheet (hand-written or computer) and keep for your records.
Q: How does a Donor get a receipt for a donation?
A: Donation made on FirstGiving automatically receive a receipt. Donations of $250 or more by other than FirstGiving will receive a printed receipt from the Chapter. Other donations under $250 are not required by law to receive a receipt. However, if a donor requests a receipt, they must be given one. Print your receipts from the Chapter website to honor those requests.
Q: What if a donor asks for a W-9 Taxpayer Number and Identification form?
A: Contact the Treasurer at PUTChap8@gmail.com. Provide the donor’s name or business, address, telephone number and email contact. A completed W-9 will be emailed back to you or the donor if an email contact is provided.
Q: A donor asked for proof of the Chapter tax-exempt status and registration with the State of Florida to collect funds as a charity. Where are those located?
A: Donors can use the IRS’s database of 501(c)3 organizations and thehttps://www.freshfromflorida.com/Consumer-Resources/Charities/Charities websites or check the Chapter website for those documents.
Q: Does the Chapter take matching gifts?
If a member has an employer sponsored gift/donation match program, the member MUST;
Q: Do donations over certain amounts receive special recognition?
If a member receives a donation of $1,000 or higher via check or First Giving, it is the member’s responsibility to notify the Second Vice President, Christian Collier. This is especially important if the donor makes two or more donations that total $1,000 or more (often Fraternal Organizations or small business handle donations in this fashion). The notice to the 2nd VP must include the following:
Q: I want to have an event to raise my minimum donation. Is there anything special I need to do?
There are specific rules from the IRS for Charities that hold special events. A “fundraiser” (special event, activity, ride, bar night, golf tournament, donut dash, etc.) must be accounted for separately when our tax report is filed. A spreadsheet must be provided to the Treasurer listing separately entry fees, costs/expenses, sponsorships, gross income, in-kind donations and included when check(s) for the event are sent to the Chapter. All receipts for event/fundraiser expenses must accompany. No expenses for the event are paid for by the Chapter.
ALERT! If you are considering having a raffle, check the law in the State where you are going to hold the raffle for specific laws, regulations and reporting. The Chapter is NOT responsible for conducting or reporting funds raised by individual members to any State.
Some special events may require certificates of insurance. Contact the Treasurer for information,PUTChap8@gmail.com .