Elders Association, Inc. Annual Corporation Meeting Agenda September
was called to order at 4:00 PM by President Donaldson at the Laurel Pavilion inWickhamParkinEast Hartford
Roll Call by
called the role by passing a sign in sheet.
attendance: Doug Donaldson, Bob Kravecs, Ron Niederwerfer, Don Burr,
Chris Heacox, Tom Stevens
in attendance: Steve Rogers
There were 11
undergraduate guests at the meeting.
a Quorum by Doug Donaldson.
Donaldson reviewed the role call and declared that a quorum was
All of the
Brothers joined in a spirited rendition of our gathering song.
of Minutes from the last annual meeting.
The minutes of
the 2006 annual meeting were approved as corrected to reflect Steve
Rogers being present. Motion by Brother Tom Stevens. Second by
Brother Bob Kravecs. Carried
President Donaldson thanked the Directors and
Officers for their service again during the past year. He singled
out Brothers Burr and Niederwerfer for their long term service and
he presented each of them with a bottle of undrinkable swill labeled
Zeta Psi red wine. He waxed eloquent about a pungent aroma reminiscent
of gutter trash with a hint of hog waste.
made brief comments regarding the transcription of the old minutes.
He also reported that the Grand Chapter contacted him requesting a
vote on two proposed charterings at North Carolina State University
and Oxford University. The vote will be taken during New Business.
report: Don Burr
distributed a written report for all of the TEA account balances.
Checking Account - $3,528.27
Checking Account - $0 account closed
of Deposit - $108,552.19
Foundation (Scholarship) - $0 account closed
Foundation (House Improvements) - $0 account closed
There are five
certificates of deposit with rotating maturity dates approximately
every three months. Interest rates range from 3.4% to 5.65%. One is
with Bank of America, and the rest are with Countrywide Bank which
has a branch near Don's home. Don recommended, and the Board
approved, moving one CD away from the higher yield at Countrywide in
order to keep our totals under the amount insured by the FDIC.
Brother Donaldson reported that there had been no
action by the Housing Committee during the past year.
was unable to attend, but did forward the request that the
Brotherhood record updates to their mailing address and email
addresses via the TEA website Address Change page. The TEA is
seeking to further extend their email listings in order to facilitate
communications with the Brotherhood.
chose not to reposition our assets during 2006. Everything was left in certificates
of deposit for the time being.
Joe Lauria, the undergraduate Phi,
delivered an excellent summary of the Chapter's activities and
membership (15 undergraduate members). A major debt to the Grand
Chapter has been reduced from $9,000 to $3,000. Joe's three major
goals were to retire the debt to the Grand Chapter; improve the
image of the Chapter on campus; and to improve recruitment. To those
ends the Chapter members now serve a minimum of 5 hours of community
service each semester and the Chapter tapped in 8 new Pledges last
week. Upcoming events include Oktoberfest on November 20 and
Initiation on November 30 - December 1.
Chapter Active Scholarship Grant:
moved that we allocate $1,000 for a scholarship grant for 2008.
Brother Niederwerfer seconded. The motion carried.
Fund at International Headquarters:
A restricted fund has been established at the Grand
Chapter. Brothers who make gifts to the International Fraternity may
wish to earmark their gifts to the Theta Fund. Brother Donaldson
reminded the Brothers that this was not a tax deductible donation if
it is made to the Fraternity. Gifts to the Educational Foundation
are tax deductible but they cannot be used for non-educational
There was a
2006 motion approved to reimburse out of pocket expenses for
undergraduates to attend a Leadership Training Institute; $100
reimbursements for each attendee capped at a maximum of three attendee's.
The undergraduates should contact Brother Don Burr for payment following
Motion for approval of Actions taken by TEA Board
since last meeting.
Motion: Bob Kravecs, Second:
Motion that TEA officers assist with collections for
the recent graduates who still owe money to the Chapter. Motion: Ron Niederwerfer, Second: Steve Rogers.
authorization of up to $250 to support an Active Chapter website.
Motion: Bob Kravecs, Second: Chris Heacox.
Donaldson announced the recent Grand Chapter vote to approve a
Colony of Zeta Psi at Oxford University. The installation is
expected in March.
Donaldson announced the TEA membership votes on the two proposed
Charters during the past year. The TEA Board approved both colonization's.
The historic nature of the Oxford Chartering was duly noted as
another major "first" for Zeta Psi.
the TEA vote to approve the Chartering at both North Carolina State
University and Oxford University.
Motion: Ron Niederwerfer, Second: Don Burr.
volunteered to be the TEA liaison with the Active Chapter for a
Brothers were elected as Directors: Tom Stevens, Don Burr, Ron
Niederwerfer, Geoff Preston, Adam Zandan, Doug Donaldson, Chris
Heacox, Bob Kravecs
The Brothers elected as directors select the officers and the
remaining non-officers will serve as the directors.
Donatelli was elected and honored in due form for his skill at
hitching rides from calzone delivery drivers.
The gavel was
not passed because the President failed to bring it. A salad serving
spoon was deemed an appropriate substitute.