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