Is My Booster Club Paying Too Much in Fundraising Fees?
With limited resources, booster club fundraising can be a real challenge for some organizations. Organizing a fundraiser takes time, volunteers, and money. Oftentimes, the easiest way for clubs to organize an event is through a platform that comes along with fees. Some platforms charge as much as 25-40% in fees.
If your club is paying this much, it may not be worth all of the effort that you put into the fundraiser in the first place. Paying these high fees is not your only option. There are lots of ways that you can raise money without giving away a significant amount of your proceeds.
What Is a Good Fundraising Fee Target?
Ideally we would all love to pay 0% in booster club fundraising fees. While that’s an optimal solution, it’s just not possible in all situations. Sometimes you need services to organize an event, and fees are the best option to fund the cost.
Typically, you should target fees of 5-15%. This fee model ensures that you get to keep the vast majority of what you raise and that the effort is worth your time.
Fundraising Ideas to Minimize Fees
Not every fundraising opportunity has to include an expensive fee. There are many ways to fundraise that can keep your fees low — or even no fees at all. Here are a few nonprofit fundraising opportunities that can help you keep your fees low.
Revenue Share with a Local Business
Local businesses are one of your best resources when it comes to fundraising. If they aren’t able to offer a corporate sponsorship, they may be open to a revenue-sharing arrangement. For every patron you send to their establishment, they’ll share a portion of the proceeds with the booster club.
All it takes is a few phone calls and you can have a long-term fundraising revenue source in place.
Creating an online store is a great way to set up a permanent opportunity for community members to support the club. Some online stores offer services for a fee, but it’s usually under 10%. Other services, like BoosterHub, offer a flat fee.
Some items you might consider selling in your online store include:
If you don’t want to commit to shipping items sold in your online store, you can organize a pick-up arrangement at the school or at the concession stand.
Emails and digital communications can get lost in the shuffle. If you’re having trouble engaging supporters through digital communications, try a letter-writing campaign. Have the officers of the club — or even better, the students — write letters to members of the community encouraging them to support the organization.
Personal letters are more effective in getting the attention of potential supporters and can be a very effective means of communication. If your organization has 501(c)(3) status, you may be eligible for reduced postage.
Keeping fees low is important to ensure that your organization meets its fundraising goals. With a few creative solutions, you can minimize your fees and keep more of your hard-earned dollars.
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Does My Booster Club Need to Collect Sales Tax?
When managing a booster club, one of your top goals is generating as much revenue as possible for the athletic team or fine arts group you are supporting. One way you can maximize your revenue is by taking advantage of any price breaks and tax exemptions offered in your state. This brings us to the topic at hand: booster clubs and sales tax. Sales tax is a fee imposed by state governments on transactions involving services or goods. Because these fees are primarily imposed at the state and not the federal level, tax percentages vary from state to state. So does your booster club have to collect sales tax? Let’s explore.
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BoosterHub – The #1 Booster Club Software
In an October 2022 press release, Yahoo! Finance recognized BoosterHub as the #1 booster club software in this emerging industry. Since it launched, BoosterHub has experienced championship-level growth. In just nine months, BoosterHub surpassed the $1 million gross merchandise volume threshold.
BoosterHub’s overnight success speaks to the fact that the dynamic platform fills a long-standing void in the school booster club space. As of the press release, BoosterHub has more than 5,000 members and facilitated over 45,000 transactions. Our platform has an incredibly low single-digit churn rate, which is undoubtedly due to the fact that our customers are extremely satisfied with the product.
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Does My Concession Stand Need a Food Service License?
A concession stand is one of the most effective ways for your booster club to raise money for sports teams. However, if you have never run a concession stand before, you undoubtedly have tons of questions about it. Running a successful concession stand is not quite as simple as it may appear. In order to do so, you need to familiarize yourself with food service requirements, explore state tax laws, and much more.
The good news is that there are great resources to jumpstart your efforts. In addition to creating this beginner’s guide, the team at BoosterHub frequently tackles important concession-related topics. In this post, we take a deep dive into food service licensing requirements for concession stands. Whether you are already running a successful concession stand or have recently taken over these responsibilities for your booster club, this playbook will help you comply with state and local guidelines.