PTA Funds Are Private Monies

Because a PTA is an independent private organization, PTA funds are private monies and are separate from school funds. All monies raised from the local per capita portion of dues and through additional efforts and other assets, including checking accounts, savings accounts and certificates of deposit, are the property of the local PTA. PTAs develop a budget yearly which is adopted by the membership and dispersed by such authority as provided in the unit bylaws. Expenditures not provided for in the budget are approved by the membership as amendments to the budget. 

Nonprofit Status
The Virginia PTA is classified as a tax-exempt 501(c)(3) Public Charities under the Internal Revenue Code. As a 501(c)(3), the Virginia PTA:
-- is organized and operates exclusively for educational and charitable purposes
-- resources and funds are not used for private benefits of an officer or director
-- is forbidden by law to support candidates for public office
-- can only engage in an insubstantial amount of lobbying activity.