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Old 12-08-2022, 10:45 AM   #169
longislander
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I believe you are correct ... two separate groups. The Friends etc. is an LLC created to get donations under 501(c)(3) and get the donations.

"a 501(c) organization may not allow its donors to write off donations while a 501(c)(3) organization lets its donors take tax deductions on their contributions."

The Hub is promoted " ... to establish a focus on a needs-based approach to design, construct and equip a town owned Community center in Moultonborough."

Principals of both organizations are the same (not all of them, though).

It is accepted that the Thursday, May 11, 2023 Town meeting (second session) scheduled for 6:00 PM will have a warrant article for the Hub. It is no longer on Saturdays.The select board has the legal right for this. The town legislative body votes on which month; March or April or May. Will this be a petiitioned article or an article submitted by the select board without a petition for the Hub (judging by comments made at BoS meetings). Some may feel, if the select board puts it in, it will be more convincing, rather than a petition.

It is more than likely The Hub group principals, since the $23,000 is not a donation and the town hopefully didn't get involved with tax deduction of public money. Another interesting angle pointed out in the past might be for those who donated in 2022 and will claim 2022 tax deductions. The 501(C)(3) has stated in the past it would return the donations if the build fell through. That wouldn't happen till 2023. Means what ... 2022 tax return amendment or risk an IRS audit?


See section C of these BoS minutes:
https://www.moultonboroughnh.gov/sit..._8.18.2022.pdf
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