July 28, 2015

by debilynm

Coffee Party USA

Board Minutes

July 28, 2015

P-Debilyn Molineaux
P-Vince Lamb
P-Jeanene Louden
P-Egberto Willies
A-Billy Sears
A-Tim Danahey
P-Bobby Rodrigo
P-Mark Gilbert

Meeting was called to order at 8:09 PM Eastern / 5:09 PM. Pacific.

President Debilyn Molineaux took meeting notes.

Financial Report

Jeanene Louden presented the financial report for the end of our 2014-2015 fiscal year.

  • Profit & Loss Statement as of 6/30/2014 shows Revenue of $30,648, Expenses of $27,176 and Net Profit of $3,471.
  • Balance Sheet as of 6/30/2105 shows Assets of $6,791, Liabilities of $295.91 and Total Liabilities and Equity $6,791.62
  • 990 will be ready before the annual meeting
  • financial review (audit) ready before annual meeting
  • Approve motion to obtain past Woodforest Bank statements
    • Motion made by Jeanene Louden, 2nd by Debilyn Molineaux and passed unanimously.  Tim and Billy absent
  • Move to pay $500 to Ellen Fuller in appreciation for assistance completing the financial review, tax return, and budget proposal before the Annual Meeting.
    • Motion made by Jeanene Louden, 2nd by Egberto and passed unanimously.  Tim and Billy absent.

Meeting adjourned at 5:20 p.m. PT

Submitted by Debilyn Molineaux, President
on behalf of Vince Lamb, Secretary