[Oabs] OABS Update: Budgets, and banking, and money (oh my)!

[Emily Pennington]

Hi, everyone.
I do have some good news on that front. I received a $60 check from the 
Lorraine County chapter for ticket purchases, as those of you with access to 
our Dropbox folder and spreadsheet probably noticed when I updated the file. 
Barb Fohl is sending me a check for $20, too; she accidentally sent it to 
Judy Cook, who used to be the Cincinnati treasurer. In addition, we have 
some sales from the Cincinnati chapter. At this point, I would rather borrow 
from the affiliate; with the money we have right now from ticket sales, we 
have more than enough to pay them back. I just don't want to dip into said 
cash right now since this fund-raiser has not been concluded, and we have 
already faced enough obstacles with it. (The Accounting major in me just 
started to type out a lecture about unearned revenue, but I won't bore you 
all.)

Emily
----- Original Message ----- 
From: "Kaiti Shelton" <kaiti.shelton at gmail.com>
To: "Ohio Association of Blind Students list" <oabs at nfbnet.org>
Sent: Sunday, May 11, 2014 7:43 PM
Subject: [Oabs] OABS Update: Budgets, and banking, and money (oh my)!


> Hi OABS,
>
> It's been a while since I provided an update, but this weekend brought
> an interesting, and somewhat unfortunate, development.
>
> I was doing the paperwork to file our tax ID number with the Ohio
> Secretary of State in preparation for the meeting to set up our
> account with Emily, when I got this lovely little email telling me to
> finalize everything we would need to send in a check or money order
> for $125.  I canceled that application, because I thought there was no
> way the state would charge that high of a fee for a non-profit
> organization---I really thought I just hit the wrong button when
> filling out the business section of the application, and accidentally
> listed OABS as an LLC or something.  So, I then called the Secretary
> of State's office to get some confirmation, and the fee to register
> with the secretary of state is indeed $125 for non-profit
> organizations.
>
> I've talked to Eric, and he is going to speak to Sherry about getting
> filed.  We're going to use the $80 from our fundraiser at convention
> last year, and the affiliate is going to loan us $45 which we can
> repay at a later date.  It is going to suck us dry and put us in an
> almost 50 dollar hole, but it is a bullet we are going to have to bite
> if we're going to get a bank account started.  Half the reason it
> stings so badly right now is that we're just trying to get started,
> but this is a one-time hardship we will have to face in order to have
> easier times fundraising in the future.  It is really going to make
> what we do with both committees even more important, but especially
> our bookmark fundraiser and anything we might do at convention this
> year.
>
> Now, this leaves the gray area of this fundraiser we have going on
> right now.  As some of you might have seen on Ohio-Talk, we are
> banking vicariously through the generous support of the Cincinnati
> Chapter, who has allowed us to use their account as our fiscal agent
> until we have an account of our own.  I have instructed members of the
> affiliate on how to make out checks, however I have not seen any
> emails following up on that.  Emily and Deborah, if either of you know
> anything, would you amend my update?  I know the division was getting
> quite a bit of backlash on a few calls I attended for things that were
> largely out of the group's control, but still were nonetheless
> frustrating for all involved.  I think we need to keep a close eye on
> this, and if indeed we have not received any checks or purchases
> towards this fundraiser then we need to discuss how to proceed.
>
> Thanks all, and keep up the work.  I know many of you are either
> preparing for finals, are just catching your breath after finishing
> them, or are gearing up for summer classes and events.  Feel free to
> update the group on what your plans are over the summer as well; I'm
> sure we'd all love to hear what our fellow members are doing.
> -- 
> Kaiti Shelton
> University of Dayton 2016.
> Music Therapy, Psychology, Philosophy
> President, Ohio Association of Blind Students
> Sigma Alpha Iota-Delta Sigma
>
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