LogoAnnual Meeting Minutes
The Mary T. and Frank L. Hoffman Family Foundation

Dedicated to cruelty free living through a vegetarian vegan lifestyle.

The Annual Meeting of The Mary T. and Frank L. Hoffman Family Foundation is held over several days in late Spring or early Summer of each year following the filing of the 990-PF with the Internal Revenue Service, on or before 15 May.  The time frame allows for personal, telephone, and email communication among Trustees in accordance with the By-Laws.  The Dated indicated below is the date these Minutes were compiled.

Date:

  • 30June 1999

Trustees:

  • Mary T. Hoffman
  • Frank L. Hoffman

Trustees Participating:

  • Mary T. Hoffman
  • Frank L. Hoffman

Review of Minutes:

  • The minutes of the previous Annual Meeting were reviewed and approved unanimously.

Treasurer's Report:

  • 1998 Income: $12,940.00
  • 1998 Expenses: $8,650.00
    Professional Fees: $1,528.00
    Internet and Other Expenses: $2,300.00
    Donations: $4.822.00
  • 1998 Excess Revenue: $4,290.00
  • Cash in the bank as of this date: $3,084.37
  • The Treasurers report was accepted unanimously.

Review of Current Foundation and Web Site Status:

  • We moved the web site to a new server the beginning of October and went live on 4 October 1998, and we are seeing a slow by steady increase in our web traffic.  There was no action to be taken.
  • Review of Budget:
    • Income from Donations: $13,000.00
    • Expenses: $11,800.00
      Telephone/Web: 1,200.00
      Office Equipment: 3,000.00
      Office Supplies: 600.00
      Professional Fees: 2,000.00
      Donations: 5,000.00
    • Contingency and Reserve: $1,200.00
    • Both Income and Expenses are running less than half of the proposed budget, but since the Frank and Mary Hoffman agreed to fund up to $12,000.00, no changes were needed.

Old Business:

  • We are having a problem with the New York State Sales Tax people due to our short time in existence, and are continuing to work on it.

New Business:

  • Proposed Budget for Next year:
    • Income from Donations: $13,000.00
    • Expenses: $11,800.00
      Telephone/Web: 1,200.00
      Office Equipment: 3,000.00
      Office Supplies: 600.00
      Professional Fees: 2,000.00
      Donations: 5,000.00
    • Contingency and Reserve: $1,200.00
    • After discussion, the proposed Budget (the same as last year's) was  considered sufficient and accepted unanimously.

There being no further business, the meeting was adjourned.

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