March 19, 2018 Minutes


Quorum

Quorum reached and meeting called to order at 12:04 EST.

Attendees

Board Members

  • Simon
  • Carol
  • Patrick
  • Josh
  • Deb
  • Richard
  • Allsion

General Announcements

Bruce Perens has agreed to chair the Standards Working Group.

Carol Smith provided an update to the Clearly Defined Working Group.

Motions

Motion (Patrick): To approve the results of the 2018 Board of Directors and accept the recomendations of the memebrship to appoint Faidon Liambotis, Vicky Brasseur, Chris Lamb, and Josh Simmons.

Second (Deb):

Discussion: Many congrats.

Vote: 7 Yes; 0 No; 0 Abstain.

Motion (Simon): A vote of thanks and recognition.

Second (Allison):

Discussion: Many on the Board expressed their gratitude to the exiting Board Directors and enthusiasm for the new Directors coming on board.

Vote: 6 Yes; 0 No; 1 Abstain.

Next Meeting
Will also be holding next Board Meeting April 12.

Appendix A – Treasurer’s Reports

Treasurer’s Report As of February 28, 2018

Total Assets at Beginning of Period (02/01/18): $98,339

Revenue or Sources of Funds

  • Contributions: $41,895
  • Memberships: $3,40
  • Interest:  $2
  • Commissions:$75

Total Revenue or Sources of Funds: $45,372

Expenses or Uses of Funds

  • Compensation: $9,014
  • Legal & Professional Fees: $1,946
  • Office Expenses: $681
  • Program Service Expense: $5,000
  • Travel & Entertainment: $1,691
  • Other Expenses:  $348

Total Expenses or Uses of Funds: $18,680

Change in Cash: -$11,476

Change in Accounts Receivable:  $40,000

Change in Accounts Payable: -$1,832

Other (Reclasses):  $140            
                               
Total Assets at End of Period ( 02/28/18) $151,862        
                               
Major Contributions in the last 12 months

 Sponsor Name   Date Invoiced   Date Paid   Sponsorship Amount   Sponsorship Receivable
 Previous Sponsor  03/09/17   03/09/17   $25,000   $0    
 Previous Sponsor  04/03/17   04/27/17   $20,000   $0    
 Previous Sponsor  04/17/17   06/05/17   $15,000   $0    
New Sponsor  06/12/17   07/03/17   $1,000   $0    
Previous Sponsor  06/26/17   06/26/17   $20,000   $0    
New Sponsor  06/26/17   07/03/17   $1,000   $0    
New Sponsor  07/31/1   09/07/17   $1,000   $0    
New Sponsor  07/31/17   09/07/17   $1,000   $0    
New Sponsor  08/11/17   09/05/17   $7,500   $0    
New Sponsor  08/11/17   11/01/17   $2,500   $0    
New Sponsor  09/11/17   10/02/17   $15,000   $0    
New Sponsor  09/14/17   09/28/17   $7,500   $0    
New Sponsor  09/14/17   10/14/17   $7,500   $0    
Previous Sponsor  10/01/17   11/11/17   $20,000   $0    
New Sponsor  10/06/17   10/17/17   $20,000   $0    
New Sponsor  12/14/17   01/31/18   $20,000   $0    
Previous Sponsor  01/12/18       $6,000   $6,000 (1)
New Sponsor  02/01/18      $20,000   $20,000 (2)
Previous Sponsor  02/01/18   02/06/18   $1,000   $0    
New Sponsor  02/12/18      $20,000   $20,000 (3)

(1) Additional data requested on PO 04/18
(2) Issues with AWS payment process, which is in the process of being corrected
(3) Paid 03/8/18