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View Full Version : Fundraiser
christina4733
04-18-2006, 05:54 AM
Ok, I need someone to help me out please. I've done a few small fundraisers in the past and noticed that I don't really make out at all. I end up having to pay shipping and sales tax whichcomes to alot. Is there something that I'm doing wrong ? They sell the candle for 18.00 and the business will make 5.00 per candle. I place the order and bam, there goes 100 bucks in sales tax and shipping.
If I get a tax id number, won't I have to pay at the end of the year if I don't pay for the sales tax up front ?
Any help would be GREAT !!! smileys/smiley2.gif
If I get a tax id number, won't I have to pay at the end of the year if I don't pay for the sales tax up front ?
Any help would be GREAT !!! smileys/smiley2.gif
pookeybearsmom
04-18-2006, 06:24 AM
If you get a tax ID number and its a non-profit group there is a form that they fill out that comes in your packet of stuff with your tax ID and then no one has to pay sales tax. You just turn in the form at the end of the year. At least thats the way I understand it (and I hope I'm right cause I have a fundraiser coming up next month!smileys/smiley36.gif)
I hope that helps!smileys/smiley1.gif
I hope that helps!smileys/smiley1.gif
WifeandMommy
04-18-2006, 01:30 PM
I would check with the tax issue like Heather said; especially if these are non-profit groups. Also, you can always change the amount you are giving to the organization to increase your profit a little. I think that even if you gave them $3.00 per candle, that is still a nice profit for a fundraiser, considering other types of fundraisers only give usually a small percentage to the organization. So I think you can be flexible on that and increase your profits some.
Also, the benefit of fundraisers is to get your name out there. So make sure that you have your contact information labeled on all of the product you sell and the organizations sell; so people can contact you directly to buy more.
Also, the benefit of fundraisers is to get your name out there. So make sure that you have your contact information labeled on all of the product you sell and the organizations sell; so people can contact you directly to buy more.
SandyMilton
04-18-2006, 03:27 PM
I just noticed your post here, but replied to your PM already. I hope the information I gave helped out a little bit!
lovethiscandle
04-18-2006, 06:21 PM
I would suggest have them sell them for $20 per candle It is easier for kids to collect and would solve your income problem.
For Scent-Sations company to not charge you sales tax, you need your ownstate sales liscense to give to the company. Then you can provide the state with their tax id exempt number if required to show why you didn't charge them tax. Scent-sations will not accept the organizations tax id # it has to be your own number.
Hope that helps! smileys/smiley1.gif
For Scent-Sations company to not charge you sales tax, you need your ownstate sales liscense to give to the company. Then you can provide the state with their tax id exempt number if required to show why you didn't charge them tax. Scent-sations will not accept the organizations tax id # it has to be your own number.
Hope that helps! smileys/smiley1.gif
Alicia
04-19-2006, 10:01 PM
I'm new so I haven't done a fundraiser yet. Does $20 per candle work? I was thinking of charging 18.00 per candle and they (the organization) pays tax and shipping. Can we call MB and get the tax and shipping info prior to ordering. For example: The fundraiser ended Friday-I call the organization on Monday and ask how many candles did they sell and they say 100. Is it unprofessional to say I'll call you back with candle,tax and shipping total? (of course my cut is in the candle amount) Then call MB for the tax and shipping on 100 candles. Are cheerleading,little leagues,etc.. tax exempt or is it just religious organizations?
SandyMilton
04-20-2006, 03:18 AM
Is there anyone that knows what the shipping is of a case to Virginia?
Alicia, once you know the shipping cost, the rest is easy to figure out. I was telling Christina that one way to handle the shipping could be this -
Organization sells 1-5 cases, they pay for shipping. If they sell 6-9 cases, they pay half of the shipping, 10+ cases, shipping is free. This can encourage them to want to sell more candles (or even request their deadline lengthened so they can meet the quota if they are very close to the 10+).
As fot the $20 per jar being close enough to cover tax, that would work in many areas. I know in my hometown, our tax is 7.5% so the total per candle at 18.95 comes out to be 20.37. That would make it easy to absorb the difference, the amount made up on the profit side will more than pay for taxes. I would advertise the $20 as being inclusive of the sales tax so they won't expect to pay$20plus tax.
The tax exempt generally refers to charities and other non profit organizations, which do include churches. They have a special tax exemptform you must get a copy of for your records.Edited by: dreamakr36
Alicia, once you know the shipping cost, the rest is easy to figure out. I was telling Christina that one way to handle the shipping could be this -
Organization sells 1-5 cases, they pay for shipping. If they sell 6-9 cases, they pay half of the shipping, 10+ cases, shipping is free. This can encourage them to want to sell more candles (or even request their deadline lengthened so they can meet the quota if they are very close to the 10+).
As fot the $20 per jar being close enough to cover tax, that would work in many areas. I know in my hometown, our tax is 7.5% so the total per candle at 18.95 comes out to be 20.37. That would make it easy to absorb the difference, the amount made up on the profit side will more than pay for taxes. I would advertise the $20 as being inclusive of the sales tax so they won't expect to pay$20plus tax.
The tax exempt generally refers to charities and other non profit organizations, which do include churches. They have a special tax exemptform you must get a copy of for your records.Edited by: dreamakr36
christina4733
04-20-2006, 05:46 AM
Thanks to all of your help.
What I did was charge them 19 for the candles. This is with tax and shipping. He is also getting 5.00 per candle. that will leave 4.50 for sales tax and shipping and hopefully a profit. smileys/smiley1.gif
Im doing two of his daycares at once. So I think this will go very well. I just got done doing another one for a sport and he sold 120 candles. wow alot.. but I charged him 18 and gave him 6. so i was left with nothing !!! so this is something to think through before you do a fundraiser, just have your numbers in the right place and you will be allset.
Have a good day !! smileys/smiley1.gif
What I did was charge them 19 for the candles. This is with tax and shipping. He is also getting 5.00 per candle. that will leave 4.50 for sales tax and shipping and hopefully a profit. smileys/smiley1.gif
Im doing two of his daycares at once. So I think this will go very well. I just got done doing another one for a sport and he sold 120 candles. wow alot.. but I charged him 18 and gave him 6. so i was left with nothing !!! so this is something to think through before you do a fundraiser, just have your numbers in the right place and you will be allset.
Have a good day !! smileys/smiley1.gif
