1 / 15

Kids Can Board Meeting February 27, 2014 a t Silverstone Group

Kids Can Board Meeting February 27, 2014 a t Silverstone Group. At Kids Can Community Center, our mission is to empower children and parents to reach their potential and enable older adults to maintain their independence. Agenda: Audit Presentation – Masimore Magnuson & Associates

mattox
Download Presentation

Kids Can Board Meeting February 27, 2014 a t Silverstone Group

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Kids Can Board Meeting February 27, 2014 at Silverstone Group At Kids Can Community Center, our mission is to empower children and parents to reach their potential and enable older adults to maintain their independence.

  2. Agenda: Audit Presentation – Masimore Magnuson & Associates Introductions Consent Agenda: Minutes – December 2013 CEO Report – February 2014 Balance Sheet and P&L Statement – Nov & Dec 2013 CEO Report - Robert Finance Update & Discussion - Dennis Board Report Card – Brittany Discussion: Fundraising- Shannon Discussion: Health insurance - Brittany Other Business, Connect & Share, Adjourn

  3. Introductions: Name & organization An Oscar favorite….

  4. CEO Report: (full report included on website) Funding update: South Omaha Optimists, America First, Pacific Life, Daugherty Program update: iTime, piano, van Elementary Learning Center Audit RFP Marketing: website, videos Board Development United Way visits Other events: OneStop, TD Ameritrade, Ezra Elementary, Zachry Engineering

  5. Revenue – Monthly Comparison as of January 2014 Budget YTD: 538,195 Actual YTD: 619,744

  6. Expense – Monthly Comparison as of January 2014 Budget YTD: 507,925 Actual YTD: 496,064

  7. Currently all of our CDs are at Security National Bank and our checking and savings accounts are at Wells Fargo. While not required, some organizations utilize companies that provide some support (financially or in-kind). Wells Fargo has been a continued supporter of Kids Can, while Security National Bank has not. The option of where to bank and invest is totally a board-based decision. CRITICAL DISCUSSON: Banking & CDs

  8. Attend at least 75% of board meetings: 76% Actively participate in task force(s): 100% Personal financial contribution: 100% Other donations/sponsorships: 56% New meeting w/ CEO: % Other events: Neighborhood Night Out: 17% Harvest Festival 11% Adopt-A-Family 33% Giving Tuesday 6% Board Social: 61% Board Report Card – February 2014

  9. When: May 6, 2014 • Where: CenturyLink • Who: Shane Lopez, Making Hope Happen • Presenting Sponsor: Wells Fargo Bank • Goal: $65,000 • Action Steps: • Renew/upgrade sponsors, follow up • Seek new sponsors, set up meetings • How do we want to keep each other accountable? CRITICAL DISCUSSON: Fundraiser Luncheon

  10. <UPDATED SPONSOR INFO HERE> CRITICAL DISCUSSON: Fundraiser Luncheon

  11. <UPDATED INFO ON SPIRIT OF OMAHA & OMAHAGIVES HERE> CRITICAL DISCUSSON: Other fundraising ideas

  12. We previously had health insurance via Nonprofit Association of the Midlands Trust through Harry A Koch Company. By October 2013, we were down to only one employee enrolled, thereby not having the required two, we were dropped. The employee currently buys insurance out-of-pocket. • To compensate, we can offer “health stipends”, that while tax deductible, would have some insurance benefit in attracting and retaining key employees. • One scenario is to offer current full-time exempt employees a monthly stipend (i.e. $200/month) and revisit this in the fall when we may be eligible to re-enroll in a comprehensive plan. CRITICAL DISCUSSON: Health Insurance (action can be taken today)

  13. Proposal suggestion: • Offer $200 monthly health stipend to full-time exempt employees (currently CEO, COO, and P&L Coordinator) starting March 1 2014. <This amount is within current budget.> • Reimburse the one enrolled employee (CEO) who lost coverage with same monthly health stipend amount from November 2013 to February 2014 (4 months x $200). <This amount is within current budget.> • Revisit health insurance possibilities in Fall 2014 to look into re-enrolling in a comprehensive plan and possible tax benefits. CRITICAL DISCUSSON: Health Insurance continued

  14. OTHER BUSINESS & SHARING Upcoming meetings/events: Fundraiser Luncheon – May 6 Board Meetings – April 24 and June 26 ADJOURN

More Related