Treasury Report for the Board of Directors Meeting, July 12, 2011.
Income: No new income has been received since the last meeting of the Board of Directors.
Anticipated Income: The Treasurer is seeking a cash grant from the Wikimedia Foundation, Inc. for about $100,000 for the purposes of conducting the Wikimania 2012 conference. Part of this grant will be used to fund current and anticipated liabilities as detailed below.
Expenses: No monies have been drawn from the Treasury since the last meeting of the Board of Directors.
Assets: The Treasury currently holds $180.00 in cash: $80.00 from membership dues, and a $100.00 cash advance.
Current Liabilities: The Treasury has received adequate documentation from Robert Platt indicating that he is owed $178.58 for services rendered to the Corporation, and an expense claim has been prepared. These services include paying the District of Columbia incorporation fee ($77.00), photocopying fees for copying the DCRA receipt and the Articles of Incorporation ($1.58), and the Wachovia Bank initial deposit ($100.00). The Treasurer requests the Board to authorize a payment of $178.58 to Mr. Platt, given the current lack of authorization. Further, the Treasurer has prepared an expense claim for expenses pertaining to the corporate PO Box, which he opened with $102.00 of his own money. While the Board on May 28 of this year approved an expenditure of up to $110 per year for the PO Box, in keeping with a general principle of avoiding conflicts of interest, the Treasurer requests that the President receive the expense claim on the Treasurer's behalf. Our current liabilities total $280.58.
Anticipated Liabilities: Most of the expenses the Corporation will incur by the end of the fiscal year will be administrative expenses. The Treasurer requests that the Board authorize compensation for the following individuals: -- Mr. Robert Platt up to $760 upon the receipt of adequate documentation for the IRS Form 1023 (Application for IRS non-profit determination) user fee and associated expenses. -- Mr. Kirill Lokshin up to $450 upont the receipt of adequate documentation for the hiring of a District of Columbia registered agent, the District of Columbia charitable solicitation license fee, and associated expenses. The exact expenses incurred will be reported at the next Board meeting.
Request: The Treasurer requests that up to $45 be allocated for the purchase of checks to aid the Treasurer in carrying out his tasks.
PO Box: The Treasurer was authorized to open a PO Box on the Corporation's behalf. The box was opened at the Friendship Post Office, 4005 Wisconsin Avenue NW in Washington, D.C. The address is: PO Box 9822, Washington, DC 20016.
2011/7/11 Kirill Lokshin kirill.lokshin@gmail.com:
All, As noted earlier, we will be holding a meeting of the Board of Directors at 7:00 PM on Tuesday, July 12, 2011. The meeting will be held at Panera Bread, located at 4459 Willard Avenue, Chevy Chase, MD; the meeting can also be attended via conference call, at 916-209-4534, PIN # 7328117. The order of business for the meeting is attached. As usual, everyone is welcome to attend the meeting; please let me know if you're planning on attending in person so that we can select an adequate space. Thanks, Kirill -- Kirill Lokshin, Secretary Wiki Society of Washington, DC Inc. http://wikidc.org _______________________________________________ Wikimedia-DC mailing list Wikimedia-DC@lists.wikimedia.org https://lists.wikimedia.org/mailman/listinfo/wikimedia-dc