Hi. I set up a fundraising page on Facebook to raise funds for our dog club, a non-profit. I am NOT the beneficiary of the funds. I received that notice from FB after receiving $600 in the account requesting the last 4 numbers of my SSN and I don't recall what else.
On the site, I am selling spots for raffled items so I'm collecting a lot of $10 to $20 donations. I did not open a bank account as I plan to move the funds from Paypal straight to our dog club account monthly. For this purpose, I'm assuming Paypal is considered a bank.
How do I avoid being dinged for taxes? I set up an EIN thinking I should give that info to Paypal instead of my SSN - ?? Will I be 1099'd by Paypal?
What IRS form would I use to show all the funds (less any small expenses) are being swept to the dog club?
Thank you to anyone who can steer me in the right direction.
