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I'm confused

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1 year 7 months ago #246966 by willwingo
I'm confused was created by willwingo
The Treasurer's Report in the magazine for the period ending September 30, 2022, (the last one I could find) shows a "net loss" of $41,047 USD.

Will someone explain why the Club made a donation - between $500 and $1,999 dollars to another non profit (HCEA)? They have five hundred thousand + of dollars in cash in the bank.

We have no office, no staff, no store, the contents of the store are stacked in a storage locker in Peoria and somebody in California is answering the telephone a couple a days a week a week and we are giving our money away.

I looked through the Board minutes posted for 2023 and found no Board action authorizing this donation. 

I don't expect an answer.
 

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1 year 7 months ago #246973 by Kurt Bangert
Replied by Kurt Bangert on topic I'm confused
Mr. Wingo, I can assure you that the board is not "giving our money away". In fact there have been significant cost savings over the last months and those will continue to bear fruit for the club. Office, staff, store are all things that are far more expensive than any donation. The "someone" answering phones is one of your volunteer directors, if you would like to pitch in and be a part of the solution, applications are open.

The "loss" is due to a number of factors, not the least of which was personnel expenditures that were in excess of 3/4 of the total dues revenue. In addition, three have been write-offs of unsaleable inventory that was approved and purchased by past committees and directors, back as far as 2012.

This board is doing the hard work of getting things cleaned up and righted vs. leaving things untouched and unattended to for some other board to deal with in the future. Change never comes easy, and there are always difficult and unpopular decisions that have to be taken. I'd ask that you give the current board some credit for having the wherewithal to make them.

D4 D 78A 6678
D4 6U 1139
RD4 4G223W
D2 5U 1164
JD 350B
JD 420C
The following user(s) said Thank You: D4Jim, seiscat

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1 year 7 months ago #246974 by d4angelo
Replied by d4angelo on topic I'm confused
Kurt, you never answered the mans question about the donation to HECA and why the donation.

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1 year 7 months ago #246977 by Wombat
Replied by Wombat on topic I'm confused
The Club never made such a donation, so I don't know where that idea came from. What I would guess is that the disbanded chapter eight gave money to HCEA. Some of the chapter 8 members are part of the coup group and now belong to Yellow Power, go figure.

Wombat

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1 year 7 months ago #246978 by Coled
Replied by Coled on topic I'm confused
Mr Wingo,

I've looked through the 161 magazine and cannot find where it shows such a donation. Would you post where you found the information so that it can researched and find an answer for us all..
Thank You
Ed Coughlin

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1 year 7 months ago #246983 by Kurt Bangert
Replied by Kurt Bangert on topic I'm confused
You are right, I did not directly answer the question. Here's what I know: There is no reference in the last financial report of a donation to HCEA, since I have been president we have not made any such donation, and since I have been on the board, there has been no discussion of such a donation. There may well have been a donation sometime in the past, our donation "board" published in the magazine includes donor's names that have made donations in years past, it is possible that HCEA does the same. The only place I could think of that willwingo would find information that would indicate a donation would have been there.

No donations to HCEA have been made during the term of the current board of directors, I hope that helps clear things up.

Kurt

D4 D 78A 6678
D4 6U 1139
RD4 4G223W
D2 5U 1164
JD 350B
JD 420C
The following user(s) said Thank You: steeltracs, ctsnowfighter

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1 year 7 months ago #246984 by ctsnowfighter
Replied by ctsnowfighter on topic I'm confused
Thank you Kurt and Current Board Members -  Transparency is one of the "keys" in your arsenal.   
CTS

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1 year 7 months ago #246985 by d4angelo
Replied by d4angelo on topic I'm confused
Hi Kurt, thanks so much for the clarification. Why do people make things up?  To stir the pot???????????? 

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1 year 7 months ago #246994 by dpendzic
Replied by dpendzic on topic I'm confused
I don't think they are stirring the pot if they saw a reference to it somewhere---just a simple question and they are concerned---no need to attack!

D2, D3, D4, D6, 941B, Cat 15
Hancock Ma and Moriches NY

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1 year 7 months ago #246997 by D4Jim
Replied by D4Jim on topic I'm confused
The initial posting made it sound like the donation was factual. If it was factual, they should supply the source or if it was rumor it should have been stated so.

ACMOC Member 27 years
D47U 1950 #10164
Cat 112 1949 #3U1457
Cat 40 Scraper #1W-5494

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