1. Roll Call by Secretary
2. Call to order and Determination of Quorum by Chairman of the Board
3. Reading of the Minutes from Previous Meeting by Secretary.
4. Financial Review from Merrill Lynch.
5. 501 c(3) – What it Means for Us
a. Reviewed changes made to bylaws and articles
b. Discussed fundraising requirements
c. Updated the Foundation’s written goals/vision to include scholarships and the supporting
of professional events with the chapter.
6. Scholarship Ideas
a. A committee was set up to create a scholarship for the chapter. Dan Vazquez and Andrea
Zable make up the committee.
7. Fundraising
a. Discussed the idea of running corporate sponsorships through foundation, and passing
through any monies back to the chapter. All the chapter has to do is collect checks in the
name of the foundation for any special projects that it is running and then the foundation will
pay the expenses of all professional events out of the collected funds. The board approved
the idea unanimously (Rob S. was not present for the vote as he had to go prior to the end of
the meeting.
b. Discussed idea of annual Board member fundraising commitment. At the present time, the
Board was not ready to make such a commitment.
c. An operating budget of $1000.00 per year was approved by the board for the misc. operating
expenses of running the Foundation (letterhead, paper, receipts, flyers, filling fees, etc.) and
an additional $1000 for tax preparation.
8. Chapter Relations
a. BRIDGE
9. Potential Board Additions
a. Dan Vazquez – The board unanimously approved adding Dan to the Board of Directors in
place of Dave Zirilli who’s present commitments have made it hard for him to continue on the
board.