The eligible group or organization, as described in Section 5-106, may conduct and operate any benefit performance, such as an outdoor or indoor carnival, raffle, or any other activity to which the public is invited or admitted, with or without charge for such admission, the intent of which is to raise proceeds for the purpose set forth in Section 5-108. The eligible group or organization, as described in Section 5-106, may conduct and operate a charitable gaming event pursuant to the criteria set forth in this Division. Any eligible group or organization may conduct or hold a carnival, bazaar, or raffle for its exclusive benefit if no individual or group of individuals benefit financially from the holding of any bazaar, carnival, or raffle for personal use or benefit. The eligible group or organization may award prizes in cash, or in merchandise by such devices as are commonly designated as paddle wheels, wheels of fortune, chance books, bingo, or any other gaming device. However, carnivals, bazaars, or raffles shall be managed by the members of the eligible group or organization. When holding raffles, it shall be lawful to award prizes in cash totaling up to $5,000.00 and in merchandise in any amount or the merchandise cash equivalent. Any eligible group or organization may conduct and operate any benefit performance, such as an outdoor or indoor carnival, fair, picnic, dance, card party, bingo party, bazaar, concert, contest, exhibition, lecture, barbecue, or dinner, to which the public is invited or admitted, with or without charge, if the net proceeds of the benefit performance inure to the eligible group or organization for the promotion of, and to be used for, one or more of the objects set forth in Section 5-106 and not for the private gain of any member of the group or organization. At a benefit performance, conducted under the conditions herein prescribed, it shall be lawful to award prizes in merchandise, conduct games of skill, to dispose of merchandise and other things of value by auction or voting or by such mechanical devices as are commonly designated as paddle wheels, wheels of fortune, bingo, or other similar methods, and with or without an entrance or participation charge or fee. It shall also be lawful to award cash prizes of not more than $1,000.00 per prize. The benefit performance may be managed and operated only by members of the eligible group or organization.