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Operating an IRS-compliant Gymnastics Booster Club

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by Marc R. Jacobs
Technique Magazine
Fall 2014

Marc R. Jacobs' article, "Operating an IRS-compliant Gymnastics Booster Club," was published in the December 2014 issue of Technique.

From the article...

"Unlike many other countries today, the United States relies heavily on the private sector to support competitive and amateur athletics.  According to a recent Guidestar database search, there are presently almost 12,000 booster clubs in the U.S. that have been established by amateur sports organizations such as gymnastics clubs.  While some booster clubs do not seek to establish tax exempt, nonprofit status under Section 501(c)(3) of the Internal Revenue Code (IRC), and are organized purely to raise money for their clubs and athletes without regard to potential tax benefits, many boosters seek to qualify for tax exempt status under Section 501(a) of the IRC."