GreekChat.com Forums  

Go Back   GreekChat.com Forums > Fundraising
Register FAQ Community Calendar Today's Posts Search

» GC Stats
Members: 330,981
Threads: 115,704
Posts: 2,207,358
Welcome to our newest member, Martyvow
» Online Users: 2,514
3 members and 2,511 guests
Cookiez17, LaneSig, Raymondemoda
Reply
 
Thread Tools Display Modes
  #1  
Old 10-01-2012, 07:47 PM
AZTheta AZTheta is offline
GreekChat Member
 
Join Date: Aug 2009
Location: N 37.811092 W -107.664643
Posts: 5,321
Taking it down to the basics: Since you're not donating the money to a 501c(3), you should report the profit as income for tax purposes. Don't forget that you're going to need to meet your area's (county/town) requirements for health certificates for serving food. If your guests should become ill you'll be liable since you sold them the food.

That's fundraising 101.
__________________
"One of the painful things about our time is that those who feel certainty are stupid, and those with any imagination and understanding are filled with doubt and indecision." Bertrand Russell, The Triumph of Stupidity
Reply With Quote
  #2  
Old 10-01-2012, 07:52 PM
HopefulInterest HopefulInterest is offline
GreekChat Member
 
Join Date: Sep 2012
Posts: 62
Quote:
Originally Posted by AOII Angel View Post
Grabbing definitions out of a dictionary won't get you a pass in the real world. I guarantee you that 99 out of 100 people or more would disagree with your version of fundraising. And...you didn't answer my question. Do you plan to tell your donors where the funds will be going?
To the extent that I can. The org is extremely private about their recruitment.

Quote:
Originally Posted by AzTheta View Post
Taking it down to the basics: Since you're not donating the money to a 501c(3), you should report the profit as income for tax purposes. Don't forget that you're going to need to meet your area's (county/town) requirements for health certificates for serving food. If your guests should become ill you'll be liable since you sold them the food.

That's fundraising 101.
Since I would pretty much just be cooking for friends (something I do all the time -- I would say at least twice a week), I don't need to worry about any of that (meeting requirements for serving food etc). And since I don't make enough money to have to pay taxes, I don't need to worry about that either.
Reply With Quote
  #3  
Old 10-01-2012, 08:00 PM
AZTheta AZTheta is offline
GreekChat Member
 
Join Date: Aug 2009
Location: N 37.811092 W -107.664643
Posts: 5,321
Quote:
Originally Posted by HopefulInterest View Post
To the extent that I can. The org is extremely private about their recruitment.
Then why are you posting here on GreekChat?

Quote:
Originally Posted by HopefulInterest View Post
Since I would pretty much just be cooking for friends (something I do all the time -- I would say at least twice a week), I don't need to worry about any of that (meeting requirements for serving food etc). And since I don't make enough money to have to pay taxes, I don't need to worry about that either.
Excuse me, but you most certainly do, if you're selling the food. You are also missing the point about having to report income. ALL income. Regardless of whether you earn enough to pay taxes or not.

I think we're here now, people.
__________________
"One of the painful things about our time is that those who feel certainty are stupid, and those with any imagination and understanding are filled with doubt and indecision." Bertrand Russell, The Triumph of Stupidity
Reply With Quote
  #4  
Old 10-01-2012, 09:42 PM
ree-Xi ree-Xi is offline
GreekChat Member
 
Join Date: Nov 2007
Location: State of Imagination
Posts: 3,400
Quote:
Originally Posted by HopefulInterest View Post

Since I would pretty much just be cooking for friends (something I do all the time -- I would say at least twice a week), I don't need to worry about any of that (meeting requirements for serving food etc). And since I don't make enough money to have to pay taxes, I don't need to worry about that either.
No, it's not the same. You say you cook for friends "all the time", but THIS time, you're asking them to pony up bucks so you can join a sorority.

Quote:
Originally Posted by HopefulInterest View Post
I would say what I could, but I can't flat out say that it's for the sorority.
Do you not see this as a form of begging??? If not, take another look at what you're doing. If so, are you okay with asking your FRIENDS to pay you to eat dinner at your house (that has otherwise been cost-free to attend, and a token of friendship), and NOT tell them where the dough is going?

Where can I find friends like this to exploit and pay for me to take a trip to Italy?
__________________

Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
fundraiser ideas duffy324 Delta Sigma Phi 4 01-25-2012 01:45 PM
Mother/Daugther Tea Fundraiser! Need IDEAS hlaw97 Fundraising 3 11-09-2007 06:21 PM
Mother/Daugther Tea Fundraiser! Need IDEAS hlaw97 Beta Sigma Phi 1 09-26-2007 10:59 AM
Fundraiser / Philanthropy Ideas ntchapp Beta Theta Pi 0 10-24-2004 11:26 PM
New Philanthropy fundraiser ideas needed!!! WCUphimuDIVA Phi Mu 10 11-20-2003 05:42 PM


All times are GMT -4. The time now is 10:55 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.