<p dir="ltr">Thanks... oops.</p>
<br><div class="gmail_quote"><div dir="ltr">On Thu, Dec 7, 2017, 4:59 PM Glenn Michael <<a href="mailto:glennwmichael@gmail.com">glennwmichael@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="auto"><div>Hi Jeremy. The meeting is next week in Newington. Glenn<br><br>Sent from my iPhone</div></div><div dir="auto"><div><br>On Dec 7, 2017, at 4:44 PM, Jeremy Small <<a href="mailto:jsmall.105@gmail.com" target="_blank">jsmall.105@gmail.com</a>> wrote:<br><br></div><blockquote type="cite"><div><div dir="ltr">Just checking in that the Meeting tonight is still at 18:30? I will not be able to stay after the meeting.<div><br></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Wed, Dec 6, 2017 at 1:23 PM, Glenn Michael <span dir="ltr"><<a href="mailto:glennwmichael@gmail.com" target="_blank">glennwmichael@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div>We are giving One Sky some money for their assistance in allowing us to use their conference room.</div><span class="m_8998183902732443087HOEnZb"><font color="#888888"><div><br></div><div>Glenn</div></font></span></div><div class="m_8998183902732443087HOEnZb"><div class="m_8998183902732443087h5"><div class="gmail_extra"><br><div class="gmail_quote">On Wed, Dec 6, 2017 at 12:51 PM, Roy Briscoe <span dir="ltr"><<a href="mailto:roysail@hotmail.com" target="_blank">roysail@hotmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir="ltr">
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt;background-color:rgba(0,0,0,0)">
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.</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt;background-color:rgba(0,0,0,0)">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt;background-color:rgba(0,0,0,0)">
<a id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPlnk491905" href="http://www.raise-funds.com/can-one-non-profit-donate-money-to-another/" target="_blank">http://www.raise-funds.com/can-one-non-profit-donate-money-to-another/</a><br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt;background-color:rgba(0,0,0,0)">
<a id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPlnk563722" href="https://www.ptotoday.com/boards/11-robts-rules-bylaws-legal/56262-can-one-501-c-3-donate-to-another-non-profit" target="_blank">https://www.ptotoday.com/boards/11-robts-rules-bylaws-legal/56262-can-one-501-c-3-donate-to-another-non-profit</a><br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt;background-color:rgba(0,0,0,0)">
<a id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPlnk991416" href="http://www.corestrategies4nonprofits.com/nonprofit_core/Yes,_Your_Organization_Can_Make_a_Donation_to_Another_Organization" target="_blank">http://www.corestrategies4nonprofits.com/nonprofit_core/Yes,_Your_Organization_Can_Make_a_Donation_to_Another_Organization</a><br>
</div>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPBorder_GTaHR0cDovL3d3dy5jb3Jlc3RyYXRlZ2llczRub25wcm9maXRzLmNvbS9ub25wcm9maXRfY29yZS9ZZXMsX1lvdXJfT3JnYW5pemF0aW9uX0Nhbl9NYWtlX2FfRG9uYXRpb25fdG9fQW5vdGhlcl9Pcmdhbml6YXRpb24." style="width:100%;margin-top:16px;margin-bottom:16px;min-width:424px;max-width:800px">
<table id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPContainer793112" style="padding:12px 36px 12px 12px;border-radius:2px;border:1px solid rgb(200,200,200);width:100%">
<tbody>
<tr valign="top" style="border-spacing:0px">
<td style="width:100%">
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPTitle71289" style="font-family:wf_segoe-ui_light,"Segoe UI Light","Segoe WP Light","Segoe UI","Segoe WP",Tahoma,Arial,sans-serif;font-size:21px;font-weight:300;margin-right:8px;margin-bottom:12px">
<a id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPUrlAnchor424848" style="color:rgb(0,120,215);text-decoration:none" href="http://www.corestrategies4nonprofits.com/nonprofit_core/Yes,_Your_Organization_Can_Make_a_Donation_to_Another_Organization" target="_blank">Yes, Your Organization Can Make
a Donation to Another ...</a></div>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPDescription570050" style="color:rgb(102,102,102);overflow:hidden;font-family:wf_segoe-ui_normal,"Segoe UI","Segoe WP",Tahoma,Arial,sans-serif;font-size:14px;margin-right:8px;margin-bottom:12px;max-height:100px">
CoreStrategies for Nonprofits, Inc. helps philanthropists and organizations with vision and a commitment to action make an investment in their community.</div>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPMetadata243597" style="color:rgb(166,166,166);font-family:wf_segoe-ui_normal,"Segoe UI","Segoe WP",Tahoma,Arial,sans-serif;font-size:14px;font-weight:400">
<a href="http://www.corestrategies4nonprofits.com" target="_blank">www.corestrategies4nonprofits.com</a></div>
</td>
</tr>
</tbody>
</table>
</div>
<br>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt;background-color:rgba(0,0,0,0)">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt;background-color:rgba(0,0,0,0)">
<br>
</div>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPBorder_GTaHR0cHM6Ly93d3cucHRvdG9kYXkuY29tL2JvYXJkcy8xMS1yb2J0cy1ydWxlcy1ieWxhd3MtbGVnYWwvNTYyNjItY2FuLW9uZS01MDEtYy0zLWRvbmF0ZS10by1hbm90aGVyLW5vbi1wcm9maXQ." style="width:100%;margin-top:16px;margin-bottom:16px;min-width:424px;max-width:800px">
<table id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPContainer391462" style="padding:12px 36px 12px 12px;border-radius:2px;border:1px solid rgb(200,200,200);width:100%">
<tbody>
<tr valign="top" style="border-spacing:0px">
<td>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPImageContainer482141" style="width:240px;height:56.84px;overflow:hidden;margin-right:12px">
<a id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPImageAnchor812716" href="https://www.ptotoday.com/boards/11-robts-rules-bylaws-legal/56262-can-one-501-c-3-donate-to-another-non-profit" target="_blank"><img width="240" height="56" id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPThumbnailImageId434476" style="display:block" alt="" src="https://www.ptotoday.com/templates/ptotodayorg/images/logo.png"></a></div>
</td>
<td style="width:100%">
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPTitle351519" style="font-family:wf_segoe-ui_light,"Segoe UI Light","Segoe WP Light","Segoe UI","Segoe WP",Tahoma,Arial,sans-serif;font-size:21px;font-weight:300;margin-right:8px;margin-bottom:12px">
<a id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPUrlAnchor144847" style="color:rgb(0,120,215);text-decoration:none" href="https://www.ptotoday.com/boards/11-robts-rules-bylaws-legal/56262-can-one-501-c-3-donate-to-another-non-profit" target="_blank">Can one 501(c)(3) donate to another non-profit?
- PTO ...</a></div>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPDescription481746" style="color:rgb(102,102,102);overflow:hidden;font-family:wf_segoe-ui_normal,"Segoe UI","Segoe WP",Tahoma,Arial,sans-serif;font-size:14px;margin-right:8px;margin-bottom:12px;max-height:100px">
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...</div>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPMetadata882870" style="color:rgb(166,166,166);font-family:wf_segoe-ui_normal,"Segoe UI","Segoe WP",Tahoma,Arial,sans-serif;font-size:14px;font-weight:400">
<a href="http://www.ptotoday.com" target="_blank">www.ptotoday.com</a></div>
</td>
</tr>
</tbody>
</table>
</div>
<br>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPBorder_GTaHR0cDovL3d3dy5yYWlzZS1mdW5kcy5jb20vY2FuLW9uZS1ub24tcHJvZml0LWRvbmF0ZS1tb25leS10by1hbm90aGVyLw.." style="width:100%;margin-top:16px;margin-bottom:16px;min-width:424px;max-width:800px">
<table id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPContainer383193" style="padding:12px 36px 12px 12px;border-radius:2px;border:1px solid rgb(200,200,200);width:100%">
<tbody>
<tr valign="top" style="border-spacing:0px">
<td style="width:100%">
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPTitle522516" style="font-family:wf_segoe-ui_light,"Segoe UI Light","Segoe WP Light","Segoe UI","Segoe WP",Tahoma,Arial,sans-serif;font-size:21px;font-weight:300;margin-right:8px;margin-bottom:12px">
<a id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPUrlAnchor245481" style="color:rgb(0,120,215);text-decoration:none" href="http://www.raise-funds.com/can-one-non-profit-donate-money-to-another/" target="_blank">Can One Non-Profit Donate Money To Another ... - Raise ...</a></div>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPDescription395998" style="color:rgb(102,102,102);overflow:hidden;font-family:wf_segoe-ui_normal,"Segoe UI","Segoe WP",Tahoma,Arial,sans-serif;font-size:14px;margin-right:8px;margin-bottom:12px;max-height:100px">
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, \u201cI am not attorney, nor am I giving ...</div>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359LPMetadata748796" style="color:rgb(166,166,166);font-family:wf_segoe-ui_normal,"Segoe UI","Segoe WP",Tahoma,Arial,sans-serif;font-size:14px;font-weight:400">
<a href="http://www.raise-funds.com" target="_blank">www.raise-funds.com</a></div>
</td>
</tr>
</tbody>
</table>
</div>
<br>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt;background-color:rgba(0,0,0,0)">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt;background-color:rgba(0,0,0,0)">
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.</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
Some other caveats are no conflict of interest and you can't imperial the financial state of the organization giving the money.</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
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
<span style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:16px;font-style:normal;font-weight:400;font-variant-ligatures:normal;font-variant-caps:normal">
make </span><span style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:16px;font-style:normal;font-weight:400;font-variant-ligatures:normal;font-variant-caps:normal">a trip to BJs for hotdogs, buns, beer and wine and </span>run
the event on the day of the race in honor of Dave Mowers.</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
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?</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
Note: no more "profit" other than non-profit...</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
We can talk next week,</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
Roy</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359signature">
<p>Sent from <a href="http://aka.ms/weboutlook" target="_blank">Outlook</a><br>
</p>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<hr style="width:98%;display:inline-block">
<div id="m_8998183902732443087m_1876751928022302156m_960372916001547359divRplyFwdMsg" dir="ltr"><font color="#000000" face="Calibri, sans-serif" style="font-size:11pt"><b>From:</b> F DOYLE SKEELS <<a href="mailto:stardot@comcast.net" target="_blank">stardot@comcast.net</a>><br>
<b>Sent:</b> Tuesday, December 5, 2017 7:12 PM<br>
<b>To:</b> Roy Briscoe; Board of Directors<span><br>
<b>Subject:</b> Re: [Board-2018] December BOD agenda item</span></font><span class="m_8998183902732443087m_1876751928022302156HOEnZb"><font color="#888888">
<div> </div>
</font></span></div><span class="m_8998183902732443087m_1876751928022302156HOEnZb"><font color="#888888">
</font></span><div><span class="m_8998183902732443087m_1876751928022302156HOEnZb"><font color="#888888">
<p style="color:rgb(51,51,51);font-family:helvetica,arial,sans-serif;font-size:12pt">
Roy -<br>
</p></font></span><div><div class="m_8998183902732443087m_1876751928022302156h5">
<p style="color:rgb(51,51,51);font-family:helvetica,arial,sans-serif;font-size:12pt">
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.<br>
</p>
<p style="color:rgb(51,51,51);font-family:helvetica,arial,sans-serif;font-size:12pt">
<br>
</p>
<p style="color:rgb(51,51,51);font-family:helvetica,arial,sans-serif;font-size:12pt">
I would be happy to discuss this further with you if you wish.<br>
</p>
<p style="color:rgb(51,51,51);font-family:helvetica,arial,sans-serif;font-size:12pt">
Doyle<br>
</p>
<blockquote type="cite">On December 4, 2017 at 8:46 PM Roy Briscoe <<a href="mailto:roysail@hotmail.com" target="_blank">roysail@hotmail.com</a>> wrote:<br>
<br>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
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</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
There are 5 races in the series so PYC gets 20% of the profits for the series.</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
Regards,</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
<br>
</div>
<div style="color:rgb(0,0,0);font-family:Calibri,Helvetica,sans-serif;font-size:12pt">
Roy</div>
</blockquote>
</div></div></div>
</div>
</blockquote></div><br></div>
</div></div></blockquote></div><br><br clear="all"><div><br></div>-- <br><div class="m_8998183902732443087gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">Jeremy Small<br>603.661.7371</div></div>
</div>
</div></blockquote></div></blockquote></div>