Sail USA, Inc.

a  501 C3 Organization

Donations are Tax Deductible.

Below are excerpts from the IRS Ruling letter and corporation information.

Internal Revenue Service                                              Date: AUG 15, 1986
Department of the Treasury                                          Employer Identification Number
P.O. Box 1680, GPO Brooklyn, N.Y. 11202                       22-2697970

District Director

Sail USA                                                               Accounting Period Ending:
241 Nooseneck Hill Road                                       December 31st
West Greenwich, RI 02817                      

Foundation Status Classification    501 (c) (3)

Dear Taxpayer:

Based on information supplied, and assuming your operations will be as stated in your application for recognition of exemption, we have determined you are exempt from Federal income tax under section 501(c)(3) of the Internal Revenue Code.

Donors may deduct contributions to you as provided in section 170 of the Code. Bequests, legacies, devices, transfers, or gifts to you for you use are deductible for Federal estate and gift tax purposes.

Below are excerpts from Rhode Island corporation information.

State of Rhode Island and Providence Plantation
NON-PROFIT CORPORATION
ORIGINAL ARTICLES OF INCORPORATION

The undersigned, acting as incorporators of a corporation under Chapter 7-6 of the General Laws, 

1956, as amended, adopts the following Articles of Incorporation for such corporation:

First:         The name of the corporation is SAIL USA, Inc.

Second:      The period of its duration is Perpetual

Third:        The purposes for which the corporation is organized are:

       

Not withstanding any other provision of these articles, the corporation is
organized exclusively for one or more of the following purposes: religious,
charitable, scientific, testing for public safety, literary, or educational
purposes, foster national or international amateur sports competition (but
only if no part of its activities involve the providing of facilities or equipment)
or for the prevention of cruelty to children or animals as specified in section
501 (c) (3) of the Internal Revenue Code of 1954, and shall not carry on any

activities not permitted to be carried on by a corporation exempt from Federal
income tax under section 501 (c) (3) of the Internal Revenue Code of 1954.

If you have any questions, e-mail or call.  (401) 397- 3869 or (401) 451-4462