Wooden Nickel Donation Program Rules

 

The program begins October 9, 2009 and runs through March 25, 2010.

How are Wooden Nickels earned during purchases?

Wooden Nickels represent 5 cents on every dollar of sales (not including taxes and shipping) spent at the Wooden Toy House. Amounts are rounded to the nearest penny and are paid to each participating organizations at the end of each quarter. (March 31, June 30, September 30 and December 31.)

How do organizations earn Wooden Nickels?

Schools and Non-Profit Organizations registered with the program are listed on the Wooden Nickel page. They are listed by name, city and state. Each day there is a “Featured Organization” that will receive Wooden Nickels on non- designated sales. On the order page customers check the Wooden Nickel donation box and can designate a participating organization by name, city and state; otherwise the Wooden Nickels go to the Featured Organization. To qualify organizations link  to : www.woodentoyhouse.com on the organization’s website.

Each shopping visit, A+Bonus Bucks are rounded per transaction to the nearest whole dollar amount. For example: If a customer's bill totaled at $3.49, it would earn three A+Bonus Bucks for their selected school. If a customer's shopping bill totaled $8.69, it would earn his or her school nine A+Bonus Bucks. At the end of each month, each school's dollar amount is determined using the following formula:

Your school's monthly A+Bonus Bucks points is divided by ALL participating schools' monthly A+Bonus Bucks points. The result (answer) is then multiplied by the A+Bonus Bucks monthly dollar reward (approximately $330,000*). This result (answer) is your school's monthly dollar award.

THE FOLLOWING NUMBERS USED ARE FOR EXAMPLE PURPOSES ONLY:

·A+ Elementary earned 100 points in the month of October

·When combined, all participating A+ schools points equaled 700,000 points in the month of October

·100 points(A+ Elementary) divided by 700,000 points (All A+ participating schools) = .0001428 x $330,000* (approximate monthly award) = $47.12

·A+ Elementary earned $47.12 in the month of October

*All figures used are for calculation demonstration purposes only!

Each shopping visit, A+Bonus Bucks are rounded per transaction to the nearest whole dollar amount. For example: If a customer's bill totaled at $3.49, it would earn three A+Bonus Bucks for their selected school. If a customer's shopping bill totaled $8.69, it would earn his or her school nine A+Bonus Bucks. At the end of each month, each school's dollar amount is determined using the following formula:

Your school's monthly A+Bonus Bucks points is divided by ALL participating schools' monthly A+Bonus Bucks points. The result (answer) is then multiplied by the A+Bonus Bucks monthly dollar reward (approximately $330,000*). This result (answer) is your school's monthly dollar award.

THE FOLLOWING NUMBERS USED ARE FOR EXAMPLE PURPOSES ONLY:

·A+ Elementary earned 100 points in the month of October

·When combined, all participating A+ schools points equaled 700,000 points in the month of October

·100 points(A+ Elementary) divided by 700,000 points (All A+ participating schools) = .0001428 x $330,000* (approximate monthly award) = $47.12

·A+ Elementary earned $47.12 in the month of October

*All figures used are for calculation demonstration purposes only!

 

Schools are required to register at the beginning of each program year. Over the summer, all previously participating schools were sent information regarding the registration process. Please contact your school Principal or A+ Coordinator to remind them to register for this year's program. Only registered schools can be supported and only registered schools will receive checks for A+Bonus Bucks awards earned during the 2009-2010 program.

Giant needs to have the most updated information every year in order to be able to send checks, letters, e-mails, etc., to the correct address.

What can the organizations do with the money?

Once your organization receives the check, it's up to you to decide the best way to use it. For schools it could be used to purchase computers, buy new cheerleading uniforms, band instruments, or other useful educational equipment. Non-Profits will use the funds to support the organization’s mission.

 

What if my organization is not listed as a participating organization?

Organizations must enroll to participate in the Wooden Nickel Program. Please have your administrator visit  www.woodentoyhouse.com or contact our Wooden Nickel Hotline at 1-888-260-4760 to find out how they can enroll in our program. Keep in mind that all public, private and parochial schools grades K - 12 are eligible to participate, as well as pre-schools, day-care/after-care centers and other non-profit organizations.

W-9 Form and Tax Exempt Number

Why does my school have to submit a W-9 Form?

Wooden Toy House needs to obtain the TIN (Tax Identification Number) in order to have the participant set up as a vendor for payment. All accredited organizations are issued a tax identification number

Is the TIN (Tax Identification Number) number the same as the Tax Exempt number?

No, the TIN (Tax Identification Number) number is a 9 digit number given by the IRS, which will help us identify your organization as a vendor for payment. The Tax Exempt Number is an 8 digit number that your organization needs to be exempt from paying taxes when making purchases. The Tax Exempt number must also be submitted to verify the school or organization is non-profit.

What Address should be included in the W-9?

You should enter the mailing address; the address should also match the address on letterhead.

Can the PTO/PTA register their TIN (Tax Identification Number)?

Accredited schools or their PTO/PTA are allowed to participate. The payment will be reported for 1099 purposes, therefore, it is crucial to submit the correct TIN (Tax Identification Number). Schools can designate that the PTO/PTA receive the money.