Right now our group has an internal school account and we are considering opening our own checking account. The reason is we do not have regular access to our money, and have to have an invoice for everything (or pay for it ourself and wait to be paid back). We would like to have our own checking account for our general fund, and keep playground fund internal. However, we are concerned that we will have to file 501(c)3 with the IRS. Can anyone give us any advice? We live in Michigan, and have less than $2000 in our general fund at all times.