Must Dos for PTAs
Pursuant to
1.
All PTAs must be
incorporated. Go to www.dat.state.md.us to
see if your PTA is incorporated and in good standing with the State Department
of Assessments and Taxation.
2.
All PTAs must
carry bonding and liability insurance.
MCCPTA carries a blanket policy which covers all local units. In the next couple of months each unit will
receive a bill from MCCPTA for their portion of the premium.
3.
All PTA checks
must be signed by two people - the treasurer and one other authorized officer.
4.
All PTAs must
submit a copy of their annual Treasurers
Report and audit report to the MCCPTA Treasurer, Juan Johnson at MCCPTA, North
Lake Center by pony mail, or MCCPTA, 15101 Bauer Drive, Rockville, MD 20853 by
US mail.
5.
All PTAs must
maintain current by-laws. The by-laws
must be reviewed and resubmitted every three years.
6.
All PTAs must pay
annual dues to
Pursuant to
7.
All PTAs must be
registered with the Charitable Organizations Division - Office of the Secretary
of State (www.sos.state.md.us
- and follow the links to Registering
a Charity).
8.
All incorporated
PTAs must file a personal property tax return by April 15 of every year in
order to maintain their corporate status.
9.
If your PTA
resells any items, such as gift wrap, plants, candy, it must have a sales tax
license and file returns according to the schedule your PTA establishes with
the state.
Pursuant to Federal Law:
10.
All PTAs with
gross receipts of $25,000 or more must file Form 990 (with Schedule A)
annually. The return is due on the 15th
day of the 5th month following the last day of the organizations fiscal year.
For example, if the local units
fiscal year ends on June 30, the 990 must be filed before November 15.
Questions? Need assistance? Please dont hesitate to call me! My job is to be a resource for
you and your PTA.
301-512-5566