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What exactly is a script?

19 years 5 months ago #91487 by Critter
I stand corrected. New England Scrip does not require 501c3, Great Lakes Scrip does. They seem to be the two largest traditional, regional scrip brokers. Also, Krogers does require 501c3 if you are an independent group with your own (not the school's) tax id number. Don't know about other grocery store programs, we only use Kroger at this time. Guess that's an important question to ask if you are investigating different scrip programs.
19 years 5 months ago #91486 by Rockne
Not sure if this is true at all scrip centers. It wasn't when I was involved on the "sell" side of that business (admittedly 7+ years ago).

Frankly, the demand that groups be 501(c)(3) -- when it exists -- is a bit of an illusion. The retailers offer the discounts for sales reasons. It's not a charitable endeavor (doesn't make it a bad thing); the retailers aren't allowed to write off the discounts or anything (based on charity or 501c3).

If it is true now -- for whatever reason -- we certainly know how to help you get your 501c3 -- www.ptotoday.com/npn. ;)

Tim

PTO Today Founder
19 years 5 months ago #91485 by Critter
Tim, one more detail I didn't see in your article. An organization must be a 501(c)(3) to particpate in scrip. As I understand it, that's one of the key reasons the retailers are offering this discount...it's a charitable contribution in the eyes of the IRS. Did I get that right?
19 years 5 months ago #91484 by <My 3 Kids>
Replied by <My 3 Kids> on topic RE: What exactly is a script?
Oh, "scrip," not script! Thanks, Tim, you're on top of things. I read the article, so now I understand.
19 years 5 months ago #91483 by Rockne
Hi Guys -

Here's an article I wrote a couple years back. The basics remain the same, although some of th eplayers have changed (example: National Scrip Center went out of business).

www.ptotoday.com/0301scrip.html

Hope it helps.

Tim

PTO Today Founder
19 years 5 months ago #91482 by <My 3 Kids>
Replied by <My 3 Kids> on topic RE: What exactly is a script?
A script is what is used in a play to learn one's lines...HA! :D Just kidding, I know what you mean. Several people have posted about buying script, and I don't know what they mean, either. Can anyone answer?
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