LogoAnnual Meeting Minutes - 2015
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:

  • 1 July 2015

Trustees:

  • Mary T. Hoffman
  • Frank L. Hoffman
  • Michael Budkie
  • Stephen Kaufman
  • Marybeth Wosko

Trustees Participating:

  • Mary T. Hoffman
  • Frank L. Hoffman
  • Michael Budkie
  • Stephen Kaufman
  • Marybeth Wosko

Review of Minutes:

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

Treasurer's Report:

  • 2014 Income: $41,708.00
  • 2014 Expenses: $41,784.00
    Professional Fees: $625.00
    Internet and Other Expenses: $9,837.00
    Internet Publishing Services: $30,875.00
    Donations: $537.00
  • 2014 Excess Revenue: ($76.00)
  • Cash in the bank as of this date: $3,483.03
  • The Treasurers report was accepted unanimously.

Review of Current Foundation and Web Site Status:

  • We have continued to update the web site and had an increase in visitor traffic throughout 2014 and up until the spring of 2015, when the search engines changed their algorisms again, and traffic once again fell off. We are doing everything the search engine companies say they want, and suspect that there is something more sinister going on. This has been very frustrating.
  • We are still hosting about 40 other like-minded organizations web sites.
  • Review of Budget (1st 6 months of 2015):
    • Income from Donations: $18,755.00
    • Expenses: $19,537.92
      Internet and Other Expenses: 2,848.92
      Internet Publishing Services: 16,551.00
      Professional Fees: 0.00
      Donations: 468.00
    • Contingency and Reserve: ($782.92)
    • Both Income and Expenses are running less than half of the proposed budget, but since Frank and Mary Hoffman agreed to fund up to $52,000.00, no changes were needed.

Old Business:

  • There was no old business.

New Business:

  • Proposed Budget for Next year:
    • Income from Donations: $52,000.00
    • Expenses: $50,800.00
      Internet and Other Expenses: 9,500.00
      Internet Publishing Services: 36,700.00
      Professional Fees: 600.00
      Donations: 5,000.00
    • Contingency and Reserve: $1,200.00
    • After discussion, and Frank and Mary Hoffman's assurance that they would fund up to $52,000.00, the proposed Budget was  considered sufficient and accepted unanimously.

There being no further business, the meeting was adjourned.

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