Before we discuss this topic any further GOTMA wants you to understand that when you become an affiliated school you maintain your autonomy and GOTMA in no way gets involved in your curriculum or your business. There are certain requirements to fulfill for our purpose. However you have to be already applying these practices to become a GAP. We are not an organization, association, or a governing body.
With that said, did you know if you raise money for your school and/or competition team without a 501(c)(3) certificate, the raised money is taxable to your company? As well as the donated money is not tax deducible. This includes car washes, bake sales and other typical fundraisers. That is what motivated the founders of GOTMA to create a martial arts non-profit organization. The ability to raise tax deducible donations for such a worthy cause as martial arts training and competition was the one thing always missing. Having a 501(c)(3) non-profit certificate is now a reality to qualifying schools. Without you going through the financial and legal process of obtaining a 501(c)(3) status we have created a network for all qualified martial arts schools to join forces and increase the opportunity for students to gain the benefits martial arts offers.
GAPs are independent organizations and associations that provide opportunities for individuals to participate in martial arts activities. We help you fill the GAP between those that want to train but can't afford the tuition, want to compete and can not afford the competition, and helping the community by teaching handicable students who parents and/or guardians utilize their funds on the care and well-being of the handicable individual. This includes new and current qualified students. GOTMA Affiliated Providers (GAP) offer martial arts instruction at their facilities. Your school, your curriculum, your company. We do not get involved in any of the operation. There are a few requirements like a having a ranking system in place, teaching marital arts benefits and a professional school. Full requirements are clearly explained in the GOTMA, Inc. by-laws.
Though not required, GOTMA also encourages GAPs to have demonstration team and competition team activities. The percentage of funds allocated for these teams can be used for training, paying coaches, equipment, \competition entry, and travel expenses.
A great benefit of being a GOTMA Affiliated Providers is your school can collect and receive tax deductible donations. Another benefit to belong to GOTMA is; Quite often and all large donors want to know how long the non-profit has been in existence and has their been previous donors. The answer you can provide is; GOTMA has been in existence since 2011 and yes, there are large donors that have donated to GOTMA. This is something a new non-profit has on their side.
There are two opportunities to raise tax deducible funds. One and the most effective and beneficial way is you, the school owner can raises money in your local communities for your program. GOTMA provides you with a non-profit 501(c)(3) certificate and this enables your donors to use the donation to as a tax deductible receipt.
A great benefit to be part of GOTMA is the strength in numbers philosophy. The more members the stronger GOTMA becomes and able to encourage corporate sponsors to donate. Let face facts, most donors want exposure for their donation. With that said the second is what we call National Sponsors.
Remember donations can be from private citizens or corporations.
The time has arrived to reach a greater audience and serve more of your community without adding financial stress on you the school owner. It is time to be able and help those in your communities that cannot afford to train or have special handicable conditions. We all have those students who financial condition changed and can no longer afford to train. That is such a difficult decision to make. Our commitment to teach, yet our financial obligations to keep the school open. GOTMA helps make that decision an easy one. If they qualify, they continue to train under scholarship in hopes the financial situation changes and that money is freed up for another student.
The GOTMA Difference
To learn more please contact our GAP Recruiter