LK Education Bulletin

Chuck Cagle, Lewis King's Education Practice Leader announced to School Directors across Tennessee an upcoming presentation on Tennessee's new School Support Organization Financial Accountability Act. Most school support organizations that raise money through the solicitation of donations or raffles are subject to this regulation. This 30 minute event which will include a 20 minute slide presentation with 10 minutes for questions and will be conducted over the internet using WebEx. We hope this flexible format will accommodate and encourages wide participation. Key points that will be discussed will include, among others, the following:

§ Charitable fund raising groups may need to be organized as non-profit organizations

§ Will need to file annual state fund raising activity reports

§ Enhanced internal record keeping

§ State compliance may trigger new or additional reporting with the Internal Revenue Service

Presenters will include in addition to Chuck, Isaac Conner and Joe Ballard, Associate lawyers with Lewis King as well as Bill Pinkston, CPA with Pinkston and Associates in Knoxville, TN. This presentation will be offered at three different times in February 2008 as follows:

At Lewis King we are committed to our local communities and are pleased to offer what we believe will be an informative and helpful sharing of information relevant to this new act.