[Board-2018] December BOD agenda item

[Glenn Michael]

We are giving One Sky some money for their assistance in allowing us to use
their conference room.

Glenn

On Wed, Dec 6, 2017 at 12:51 PM, Roy Briscoe <roysail at hotmail.com> wrote:

> I did a little research on non-profit to non-profit fund transfers and it
> appears it is legal as long as both organizations are 501C and the
> organization that the money is given to has a similar mission as the
> organization giving the money.
>
> http://www.raise-funds.com/can-one-non-profit-donate-money-to-another/
> https://www.ptotoday.com/boards/11-robts-rules-bylaws-
> legal/56262-can-one-501-c-3-donate-to-another-non-profit
> http://www.corestrategies4nonprofits.com/nonprofit_core/Yes,_Your_
> Organization_Can_Make_a_Donation_to_Another_Organization
> Yes, Your Organization Can Make a Donation to Another ...
> <http://www.corestrategies4nonprofits.com/nonprofit_core/Yes,_Your_Organization_Can_Make_a_Donation_to_Another_Organization>
> CoreStrategies for Nonprofits, Inc. helps philanthropists and
> organizations with vision and a commitment to action make an investment in
> their community.
> www.corestrategies4nonprofits.com
>
>
>
>
> <https://www.ptotoday.com/boards/11-robts-rules-bylaws-legal/56262-can-one-501-c-3-donate-to-another-non-profit>
> Can one 501(c)(3) donate to another non-profit? - PTO ...
> <https://www.ptotoday.com/boards/11-robts-rules-bylaws-legal/56262-can-one-501-c-3-donate-to-another-non-profit>
> Can one 501(c)(3) donate (funds) to another non-profit? This question
> (really about donation of funds, not items) has raised some spirited
> discussion in...
> www.ptotoday.com
>
> Can One Non-Profit Donate Money To Another ... - Raise ...
> <http://www.raise-funds.com/can-one-non-profit-donate-money-to-another/>
> I was asked if one 501(c)(3) non-profit can give money to another
> 501(c)(3) charity. With the usual, and necessary, caveat of, “I am not
> attorney, nor am I giving ...
> www.raise-funds.com
>
>
> So PYC can't really give money to OneSky as missions are totally
> different, but giving money to a non-profit sailing school for scholarships
> or equipment would probably be ok because it is promoting training for
> boating, if we wanted to do that.
>
> Some other caveats are no conflict of interest and you can't imperial the
> financial state of the organization giving the money.
>
> In the past I think the funds from this event have just gone back into the
> general fund and usually it has been break even so not an issue. The last
> couple of years this event has been on the plus side by $300 and up. PYC
> does pretty much nothing to help raise outside funds for the series, the
> increases have been due to the KPYC Commodores Cup committee getting
> sponsorships which helps deflect the costs of running and feeding crew the
> 5 race series which is open to the public.  What PYC does is make a trip
> to BJs for hotdogs, buns, beer and wine and run the event on the day of
> the race in honor of Dave Mowers.
>
> KPYC sends us a check for our share after the season is over and this year
> it is over $600.  Maybe $150 of that is prepaid meals. Some options: We can
> keep the money or we could play it forward and give back to a sailing
> non-profit to promote sailing or we could not accept the money and let it
> roll into next year's Commodores Cup or maybe something else?
>
> Note: no more "profit" other than non-profit...
>
> We can talk next week,
>
> Roy
>
> Sent from Outlook <http://aka.ms/weboutlook>
>
> ------------------------------
> *From:* F DOYLE SKEELS <stardot at comcast.net>
> *Sent:* Tuesday, December 5, 2017 7:12 PM
> *To:* Roy Briscoe; Board of Directors
> *Subject:* Re: [Board-2018] December BOD agenda item
>
>
> Roy -
>
> This  is a common misconception. There are no "profits" from the Mowers
> Race. The only profits we have at the club are from fuel sales and we pay
> taxes on  those. There may be a  net flow of funds in or out from our
> various activities, but we are, by definition, a non-profit corporation.
> All funds that come in go to support operations of the club. As a
> non-profit, and not a charitable organization, we do not make (nor are
> we expected to make) donations to other non-profits or government sponsored
> organizations as the Rotary Club or a church might do. The only exceptions
> we make are token amounts to the cause of a speaker at one of our dinners
> or to make a donation in memory of  a  member who passes. We can, of
> course, set up activities in conjunction with other organizations to
> promote sailing, but giving them money is not an appropriate use of our
> funds. Besides, we are going to be lucky to break even  this  year and I
> think it is likely 2018 will be negative net funds from operations.
>
>
> I would be happy to discuss this further with you if  you wish.
>
> Doyle
>
> On December 4, 2017 at 8:46 PM Roy Briscoe <roysail at hotmail.com> wrote:
>
> I'd like to add an item to discuss what to do with the Mower Race profits.
> We are going to get a little over $600 for PYC's share of the Commodores
> Cup proceeds. Maybe we could think about donating most to a sailing cause
> such as UNH Sailing, Portsmouth High School Sailing team or KPYS Sailing
> school scholarship(s). The $600 includes some proceeds from people that
> paid ahead of time for the meal, $10/pp, and the rest is profit. T
>
> There are 5 races in the series so PYC gets 20% of the profits for the
> series.
>
> Regards,
>
> Roy
>
>
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