Elders Association, Inc.
Annual Corporation Meeting Agenda
was called to order by President Donaldson at 2:21 PM.
Roll Call by
called the role by passing a sign in sheet.
Attendees: Doug Donaldson,
Ron Niederwerfer, Don Burr, Michael Joyce, Tom Stevens, Dennis
Johnson, Bob Kravecs, Jeff Davis, Tristan Lawrie, Geoff Preston
a Quorum by Doug Donaldson.
of Minutes from the last annual meeting.
Counselors: Tristan Lawrie and Geoff Preston
Stevens, Bob Kravecs, Dennis Johnson, Jeff Davis, Michael Joyce,
Tristan Lawrie, Adam Zandan, Geoff Preston
Brother Burr submitted his usual
excellent report detailing all account balances and IRS filings. TEA
is required to submit 990's to the Federal Government. This year
there is a new electronic filing format required for organizations
that have less than $25,000 in annual revenue. We believe it now has
to be filed once every three years.
Checking Account - $3,043.92
of Deposit - $110,088.00
Committee was appointed with Geoff Preston as Chair with Jeff Davis
and Tristan Lawrie.
multi-pronged approach was adopted after sufficient discussion:
The goal to be a 100% increase in the available funds (from
$100,000 to $200,000) at which point we would aggressively look to
purchase a property near the campus.
The rationale was that where we are isn't enough money so we
may as well roll the dice. If
we lose the $50,000 we are essentially in the same boat we are in
now but if we can increase our funds we may have enough to move
The steps of
the process include:
$50,000 from our conservative investments in Certificates of
Deposit and reinvesting in International, Energy and Commodities
Funds (in that order).
of donors from TEA Membership.
A plaque with the names of all $1,000 (and up) donors
will be created. (Doug
and Don to arrange for the plaque).
annual dues campaign will be conducted by postal and email
campaign will be explained as discussed above.
approved the Investment Committee nominees and the plans for the
Chapter Active Scholarship Grant:
Fund at International Headquarters:
for the Undergraduates at
the Annual Convention and LTI:
Development Proposal from the Grand Chapter:
Debt to the Grand Chapter:
2008 Annual Meeting:
Brother Donaldson nominated himself for not
listening to Gorgo's advice that Russ March was a sleazy guy.
He loaned Russ an enormous amount of money that will never be
Brother Niederwerfer nominated Chris Heacox for
wimping out to the security guard at Wickham Park after last year's
Picnic and annual meeting.
Iota Delta won in a landslide!
Ode and Adjournment
ode was sung in ten part harmony with Brother Johnson serving as choral
director. The meeting was
adjourned at 4:00 PM and the assembled multitude watched the UConn men's
basketball team vanquish another foe.
submitted in Tau Kappa Phi,
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