District 12-N 2024-2025 Club Treasurer Training
As club treasurer, you keep the club’s financial records in order to ensure the club operates within a proper fiduciary capacity. You manage all of the financial operations of the club; including invoicing and payment of dues, recording and processing receipts and payments for both the administrative and public service accounts.
The Club Treasurer e-Book provides a fast logical link to the information you need. Whether invoicing member dues, paying international dues online or ordering club supplies, the e-Book makes it easier to access the information, tools and resources you use most often to help you stay on top of your busy schedule.
Club Treasurer training is also available on the Lion Portal under the Learn tab.
- Club Treasurer e-Book
- Sample Charity and Admin Budgets 2015-2016 (Excel – OLD)
- Best Practices for Financial Transparency
The video session below is older but many of the items are still pertinent today. Double check the dues, however.
- Receive all monies and deposit the bank(s) recommended by the Finance Committee and approved by the Board of Directors.
- Arrange for issuance, in cooperation with the Secretary, quarterly or semi-annual statements to each member for dues and other financial obligations owed to the Club, and report payments to the Board of Directors.
- Pay out monies in payment of Club obligations only on authority given by the Board of Directors.
- Have custody and keep and maintain general records of club receipts and disbursements.
- Prepare and submit monthly and semi-annual financial reports to the Board of Directors.
- Give bond for the faithful discharge of the office in such sum and with such surety as determined by the Board of Directors.
- Deliver, in a timely manner, at the conclusion of your term in office, the financial accounts, funds and records of the Club to your successor.
- Serve as chair of the Finance Committee
Tax-Exempt Status
- All clubs chartered under Lions Clubs International in the United States are exempt from federal income taxes under the IRS Code section 501(c)4.
- Lions Clubs are not considered charities and donations to Lions Clubs or projects are not deductible as charitable contributions, unless your Club has filed to be a 501(c)3, which has additional reporting requirements.
- An informational return is to be filed with the IRS annually by November 15 (Form 990, version dependent on Club’s annual gross revenue). The IRS is required to revoke the tax-exempt status of any organization that fails to meet their filing requirement for three consecutive years.
- Clubs that own any property must file the Form 990-EZ or 990
| Club’s Annual Gross Revenue | IRS Form Required | Filing Method |
| Less than $50,000 | Form 990-N (e-Postcard) | Electronic only |
| $50,000 to $200,000 | Form 990-EZ | Electronic or Paper |
| More than $200,000 | Form 990 | Electronic or Paper |