Tax Exempt Status
Portage Lake Center PTO is a 501(c)(3) tax exempt organization. 501(c) is a provision of the United States Internal Revenue Code listing 27 types of non-profit organizations exempt from some federal income taxes. Under IRS's IRC Section 170, individuals giving to 501(c)(3) organizations may deduct contributions if the individual itemizes on their tax returns
The largest portion of the budget supports the cost of 5th grade camp at Sherman Lake YMCA. The PTO provides allocations to purchase class room supplies and additional supplies as requested by LCE staff. PTO funds are also utilized to finance field trips & events. Remaining funds include Warm Kids, Kids First , kindergarten screening books, site based team funds, staff appreciation, summer enrichment, & media center supplies.
Administrative costs are held to a minimum and include insurance & copies.
LCE PTO must pay MI Sales Tax on all fundraiser sales. The tax is paid from the individual fundraiser, but the expense is shown separate for accounting purposes.
What is PTO ??
Portage Lake Center PTO, Inc. was organized in May 2006 to supplement our children's academic and athletic programs at Lake Center Elementary.
Programs PTO sponsors
Allocations for class supplies
Staff Appreciation Activities
Kindergarten Screening Books
5th Grade Camp