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

Mon May 12 02:01:13 UTC 2014

Hi Emily and all,

Great, I was just worried since I had not heard anything about it that
we weren't getting anything at all.  That just made my nerves unravel
a few times.  :)

I'm going to follow up with Eric and Sherry on Tuesday morning to make
sure we're getting this secretary of state stuff under control.
Although we are good to go for this fundraiser (hence earlier sigh of
relief), Emily and I have already tried to get to the bank once and
had difficulty because of this issue.  I know it is frustrating that
we students, who aside from Emily don't really know the ins and outs
of banking apart from what is needed to handle our personal funds, are
having to handle these issues as we learn about them, but to put a
positive experience on it, this is a good wake up for the entire
affiliate.  I think even the higher ups on the board are having to
think back because all the other accounts were established so long
ago, and I have to admit that Eric's reaction to me telling him the
cost was $125 to set up the secretary of state registration was kind
of funny in hindsight.  By the time all this is said and done, we
should be the experts on the modern ins and outs of setting up a
business account for the next division or group that might pop up and
decide to do it.

Thanks for the update, Emily.  *phewwww*

On 5/11/14, Emily Pennington <emilypennington at fuse.net> wrote:
> 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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>
>
>
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-- 
Kaiti Shelton
University of Dayton 2016.
Music Therapy, Psychology, Philosophy
President, Ohio Association of Blind Students
Sigma Alpha Iota-Delta Sigma