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Cannon North PTO seeks separate bank account; board discusses nonprofit and accountability requirements
Summary
Parents asked the board to allow Cannon North PTO to open a separate bank account and consider 501(c)(3) status; staff explained differences among SSO/volunteer groups and nonprofit requirements and said fundraising activities must be authorized and follow financial controls.
The Cannon North PTO asked the board for permission to open a separate bank account and to consider formal nonprofit (501(c)(3)) status so the PTO could manage funds directly rather than routing donations through the school. "For access to the account, it would be our president, which is Courtney Odom. And then, it would be a vice president or slash treasurer who is Carrie…
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