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We have businesses sponsor the teams (boys, girls, cheer), but not individual gymnasts. The business basically buys a large banner ad to hang on the gym wall and ad in our meet programs (we host 3 meets a year).
The ads are sold by the parents and a portion of the sale goes to their gymnasts team account.
We have businesses sponsor the teams (boys, girls, cheer), but not individual gymnasts. The business basically buys a large banner ad to hang on the gym wall and ad in our meet programs (we host 3 meets a year).
The ads are sold by the parents and a portion of the sale goes to their gymnasts team account.
Yes, we can do the same, but for our individual gymnast, not the entire team. The only part pulled out of the $$ given is for the banner and for a plaque the company can hang on their wall - the rest goes to that gymnast to cover team/meet fees (not tuition). One of our coaches just mentioned getting a sponsor not using the gym (and that seemed like a gray area to me), so I thought I'd ask regarding that specifically instead of them buying a sponsor package through the gym.
It could end your Dd's NCAA eligibility. So consider if that is something you want to do at only 7yo.Yes, we can do the same, but for our individual gymnast, not the entire team. The only part pulled out of the $$ given is for the banner and for a plaque the company can hang on their wall - the rest goes to that gymnast to cover team/meet fees (not tuition). One of our coaches just mentioned getting a sponsor not using the gym (and that seemed like a gray area to me), so I thought I'd ask regarding that specifically instead of them buying a sponsor package through the gym.
Exactly why I decided to ask rather than take something said in passing as fact.It could end your Dd's NCAA eligibility. So consider if that is something you want to do at only 7yo.
I'm pretty sure that is illegal if your booster club is a 503c.We have businesses sponsor the teams (boys, girls, cheer), but not individual gymnasts. The business basically buys a large banner ad to hang on the gym wall and ad in our meet programs (we host 3 meets a year).
The ads are sold by the parents and a portion of the sale goes to their gymnasts team account.
Yes, this is the main issue. The booster club as a whole is fine but there can be no private benefit/inurement to an individual gymnast.I'm pretty sure that is illegal if your booster club is a 503c.
Yes, this is the main issue. The booster club as a whole is fine but there can be no private benefit/inurement to an individual gymnast.
I'm pretty sure that is illegal if your booster club is a 503c.