[Board-2018] December BOD agenda item

[Jeremy Small]

Just checking in that the Meeting tonight is still at 18:30?  I will not be
able to stay after the meeting.


On Wed, Dec 6, 2017 at 1:23 PM, Glenn Michael <glennwmichael at gmail.com>
wrote:

> 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
>>
>>
>


-- 
Jeremy Small
603.661.7371
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