BOD Meetings
ARF Board of Directors Meeting Minutes
Board of Directors
Abe Rosenbloom (President)
Shauna Brummet (Vice President)
Michelle Ing (Secretary) (absent)
Pat Long (Treasurer)
Karen Baum (absent)
Patricia Craven
Randy Larson (absent)
Guest
Robin Gifford
President’s Report
Abe
Secretary’s Report
Abe offered the minutes for approval. Pat motioned, Shauna seconded.
Treasurer’s Report
Don’t anticipate getting Hewlett Foundation 4X matching grant. Thinks that when she is off the board she won’t be able to get the match. Shauna motioned, Patricia seconded. We completed paperwork for conversion from a private foundation to a public charity — this was done to allow company matching funding programs. We have many donors of small amounts, which supports the IRS requirements. Taxes have been prepared. Pat has shared with Abe and Pat. Others can see the tax filing if desired. The account is ready to e-file. No tax will be due this year.
MAF & LMRG Update
Pat has stepped off the board of MAF after 18 years’ service. We have about $100k there for alpaca research — we “control” how the interest from the account is spent.
New Business
Introduction of AOA Executive Director Robin Gifford by Shauna and then self-introduction. Shared ideas for fund-raising for ARF and collaboration on program development and support.
Plan to have Robin present a fund-raising plan and collaboration plan at the April board meeting.
Meeting Wrap
The next meeting will be Monday, April 13, 2020, at 9:00 p.m. EDT.
Adjourned 9:56 p.m. EST.
Treasurer's Report for February 2020
| ||
Grant | ||
Beginning Balance | 248,938.33 | |
| Income | ||
| Interest Earned | November | 1,662.80 |
| December | 442.04 | |
| January | 68.60 | |
| Donation | Jan Sherrill | 340.00 |
| Mary Jaffe | 2,000.00 | |
| Wisconsin | 2,000.00 | |
| AOA | 820.00 | |
| Your Cause | 12.00 | |
| Total Income | 7,345.44 | |
| Expenses | ||
| Texas Agri Life | minute chrom | 2,549.17 |
| Bank Charge | Return Check | 20.00 |
| Transfer to Admin | Interest Earned | 4,190.05 |
| Total Expenses | 6,759.22 | |
Ending Balance | 249,524.55 | |
Administrative | ||
Beginning Balance | 34,110.83 | |
| Income | ||
| Interest Earned | November | 1.33 |
| December | 1.15 | |
| January | 1.37 | |
| Transfer in from Grant | 4,190.05 | |
| Total Income | 4,193.90 | |
| Expenses | ||
| Total Expenses | 0.00 | |
Ending Balance | 38,304.73 | |