Many parent action groups meet their annual budgetary needs solely by fund raising within their own communities. If the group wanting to raise funds is very informal with the sole purpose of giving parents a chance for networking with other parents, numbers 2 through 5 above may be omitted. But if the group is working for long term change within the community, these things need to be in place before asking people or other organizations for money. Because there are Federal and State laws governing 501-C3 corporations, it is a good idea to consult a corporate attorney to find out the steps required to attain that status.
Many attorneys work for no charge to worthy enterprises, and most offer the first consultation free.
Determining the amount of funds needed will help meet the objectives. At this time, the group needs to write out a budget for the upcoming period. The period can be quarterly, semiannually, or annually. The budget includes expenses and funds. Step 2 Identify sources for funding.