If you have children involved in activities, chances are you are involved with or are a member of one or more parent association(s) to support those activities. Most of these associations are structured as IRS Section 501(c)(3) tax-exempt organizations that are public charities and, as such, are responsible for following applicable federal and state regulations. Compliance with these regulations safeguards association funds and donor wishes.
What questions should you, the involved parent, ask?
Is the association formally incorporated as a