Mario
Member
I got $10.00 ... oh Yeah show Us some tits, :wub: q Caliente!
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Supporting a new sailing community venture in the NYC Metro Area
- Thread starter Sailors NYC
- Start date
BarePoles
Super Anarchist
Very true. Fortenbaugh takes his business very seriously and I doubt he is keen on a new venture opening up just across the water. Next to a few of his boats mind you.
Christian
Super Anarchist
aloha27
Super Anarchist
$10 only gets you the free vodka.
redboat
Super Anarchist
CrushDigital
Super Anarchist
I'd like SailorsNYC to read her pitch, boiled down, and then honestly say whether or not it seems like a compelling place to send her money:
We are going to start a for profit sailing club, using borrowed boats, located at an as yet undefined location in either NYC or Liberty Island. For competitive reasons, I cannot publicly disclose details of this plan however I can assure you those who pay to join will be part of a great community. You're going to have to trust me on this, I've spoken to a lot of people.
Right now I've estimated that it will take $100k to get this venture off the ground. It is my sincere hope that this money will be given to me by individuals in the tristate sailing community. Please keep in mind that as we are a for profit entity, none of this money will be restricted for use, and should not be construed as an investment in the venture nor a charitable donation. I must be adamant in telling you that donations do not provide you with any sort of equity or beneficial interest. I should note however that if you give me enough money, I'll take you out to what will hopefully not be an incredibly awkward dinner. Once again I for competitve reasons I cannot disclose to you how the money given to me will be spent or tell you with any certainty when this venture will get off the ground.
Once we are done with round 1 fundraising, we will have in place all needed to build a "big boat sailing community" in NYC, though other costs may arise. Perhaps those of you who gave me money would then be interested in signing up as dues paying members to sail our fleet of possibly 4 J/105s.
Does this really sound reasonable?
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fastyacht
Super Anarchist
- 12,928
- 2,600
More telling is the way she gets all riled up and insults those here who raised very valid concerns.
As far as I'm concerned, she's got zero credibility and I don't care what info she puts up. I don't and won't trust her. Period.
As far as I'm concerned, she's got zero credibility and I don't care what info she puts up. I don't and won't trust her. Period.
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John Drake
Banned
- Banned
- #110
I sort of wonder why anyone cares?
There are thousands of scams going down in NYC at any given moment. With the exception of the very gullible, most just walk on by.
There are thousands of scams going down in NYC at any given moment. With the exception of the very gullible, most just walk on by.
Essex
Super Anarchist
NY boat show is next week, now I know there is almost zero sailing represented there but this is just the sort of venture that would blend in at a booth, maybe next door to guy selling miracle mops or bahamas timeshares. She could put up lots of nice posters showing big boat racing & cruising, lots of mention of community sailing etc. show only charter member opportunities. Or is that too old school maybe ?
All reminds me of reid stowe in a way.
All reminds me of reid stowe in a way.
Somebody Else
a person of little consequence
Quite a bit like Void Ho Stowe, indeed.
I doubt the principal is totally evil. Probably just greedy and naive.
I knew a gal who was trying to hold together a publishing business. She had taken all the profit from the first success and instead of putting into the company, bought herself a Porsche, rented a fancy flat, ate at expensive restaurants, etc. When it came time for issue #2 she had zero money available for the printing. She kept asking everyone she knew for money. "I'll pay it back..." No collateral and she didn't expect to pay interest either; "It's MY business!" Person after person told her, "No interest, no loan!" and she got all upset over that. Others were willing to buy in as partners (she really did have a going concern) but she refused to share ANY of the [pretty much] guaranteed profit, so potential investors told her, "Wake up and get real," and walked away. I went with her to a bank when she applied for a small business loan and when the bank laid out their terms, she again refused to believe that she should pay anything at all for the use of their money and got shown the door.
The Porsche got jacked by repo men and she was living out of a cardboard box because she couldn't afford a suitcase.
Last I saw of her she was whoring her quite-shapely ass to visiting Middle Easterners in Newport Beach for anything she could get. The publishing opportunity was long gone (clients gave up on her after 3 months of promises and no delivery in sight) and her own family was completely burned out from her scamming them for money which was routinely and promptly squandered and never ever repaid. Her father changed his phone number and left orders with his secretary to not put her calls through. That bad. Sad.
At least Nitzan's sort of honest in saying that your contribution won't get you anything of value. "Help make it happen for Nitzan Levy!" end o' story.
rgscpat
Anarchist
The 501©(3)-qualified (in the US federal tax code) non-profit charities, educational foundations, philanthropies, and similar entities that you can make a donation to and receive a tax deduction from, are a subset of US non-profits.
As I understand it, yacht clubs don't normally qualify as 501©(3) charities because of their social and other private purposes, but they are still non profits in that their income generally is not taxable. (It gets more complicated and taxes can come in if they have a lot of income not related to their non-profit purpose. So, if the New York Yacht Club rented out one end of the Model Room to a tattoo and massage parlor, the rental income could be taxable and perhaps trigger other problems.)
In the eyes of the authorities, a yacht or similar recreational club is sort of like a bunch of people pooling their resources so they can do things as a group (gain access to the waterfront, run regattas, etc.) that they couldn't do by themselves as individuals, and not something that's created for the purpose of profit.
Some yacht clubs sponsor sailing foundations or such like groups that ARE able to qualify as 501©(3) tax-exempts. And something like a community sailing program would likely be able to qualify. It takes a bit of money, accounting, and paperwork.
As I understand it, yacht clubs don't normally qualify as 501©(3) charities because of their social and other private purposes, but they are still non profits in that their income generally is not taxable. (It gets more complicated and taxes can come in if they have a lot of income not related to their non-profit purpose. So, if the New York Yacht Club rented out one end of the Model Room to a tattoo and massage parlor, the rental income could be taxable and perhaps trigger other problems.)
In the eyes of the authorities, a yacht or similar recreational club is sort of like a bunch of people pooling their resources so they can do things as a group (gain access to the waterfront, run regattas, etc.) that they couldn't do by themselves as individuals, and not something that's created for the purpose of profit.
Some yacht clubs sponsor sailing foundations or such like groups that ARE able to qualify as 501©(3) tax-exempts. And something like a community sailing program would likely be able to qualify. It takes a bit of money, accounting, and paperwork.
frenchie
Super Anarchist
postpast
Member
Because it is interesting!
I hope that this thread continues; It deals with the creation of urban sailing clubs and how to incorporate sailing into corporate ventures.
I have no doubt that true community sailing could profit from this forum.
I have many idea’s; and hope many other anarchist have many idea’s.
On how this could be done properly.
John Drake
Banned
- Banned
- #116
I get that, but Frenchie (to some degree because he is a transplant 
) and I (dyed in the wool) are New Yorkers. So it is like water rolling off a ducks back, so to speak.
) and I (dyed in the wool) are New Yorkers. So it is like water rolling off a ducks back, so to speak.
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bodega87
Anarchist
as dorag would say... foreigners!!!
John Drake
Banned
- Banned
- #119
Watch it Kelley. We know where you live.
bodega87
Anarchist
yeah yeah....
Just to point out a relevant fact someone(s) already mentioned. I can leave work and be on a yacht racing can1 faster than I can get to downtown Manhattan. This is on a weeknight. Weekends, well I might be able to decipher the MTA work sched and get there fora post race cocktail.
Just to point out a relevant fact someone(s) already mentioned. I can leave work and be on a yacht racing can1 faster than I can get to downtown Manhattan. This is on a weeknight. Weekends, well I might be able to decipher the MTA work sched and get there fora post race cocktail.
