Unit Finances

Download the Finance FAQ below

  • Who is responsible for the finances of the unit?

  • Is our pack or troop considered tax-exempt by the IRS?

  • Can our pack or troop be covered under the BSA’s group exemption?

  • Can we apply for our own tax-exempt status?

  • What is the IRS Form 990-N, and does our unit need to file annually with the IRS the electronic postcard 990-N?

  • Can we solicit gifts for our unit?

  • Can I use the council’s Tax ID Number for donations to my local unit?

  • When should our unit submit a BSA Unit Money-Earning Application?

  • Does that mean people can’t make gifts to our troop?

  • Can gifts go to the local council to benefit our unit, then “pass through” the council to us?

  • My local company has employee volunteerism grants and they will contribute to charities where I volunteer my time. Can these gifts go to our unit?

  • What Tax ID Number should I use for an Eagle Project?

  • Can our unit deposit funds with the local council?

  • Should our unit consider insuring our unit equipment?

  • What happens to the unit funds and equipment should the unit dissolve?

Tax ID Number

Each unit should have its own tax ID number to help facilitate banking. 

Instuctions for how to obtain an Employer Identification Number can be downloaded below.

Apply onlin at the IRS Website

Banking

Each unit should have its own bank account.  The bank account should be established under a Tax ID number belonging to the unit and not a persons social security number. additional instructions can be downloaded below.

File Name Description
FAQ Answers to all of your finance questions! Download
Tax ID & Bank Account Instructions How To Obtain a Bank Account for your unit Download