Annual 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 2001

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:

• 2000 Income: $26,330.00
  Donations for our Foundation: $12,105.00
  Donations for CHV: $14,250.00
• 2000 Expenses: $26,120.00
  Professional Fees: $12,402.00
  Internet and Other Expenses: $645.00
  Donations: $12,073.00
• 2000 Excess Revenue: $210.00
• Cash in the bank as of this date: $3,206.71
• The Treasurers report was accepted unanimously.

Review of Current Foundation and Web Site Status:

• Web site traffic from Oct 1999 to Oct 2000: 140,000 visitors indicated by IP address.  At the present rate of traffic we should more than double what we had last year.  It was decided to continue in the same direction that we've been going, and not change any of our missions or goals.
• Review of Budget:
• Income from Donations: $25,000.00
• Expenses: $23,800.00
  Telephone/Web: 5,500.00
  Office Equipment: 1,000.00
  Office Supplies: 300.00
  Professional Fees: 2,000.00
  Donations: 15,000.00
• Contingency and Reserve: $1,200.00
• We are continuing to work with Citizens for the Hudson Valley, but since their budget is funded by their members, their budget is not included in our budget.
• Both Income and Expenses are running about half of the proposed budget, but since the Frank and Mary Hoffman agreed to fund up to $25,000.00, no changes were needed.

Old Business:

• There was no old business.

New Business:

• Proposed Budget for Next year:
• Income from Donations: $15,000.00
• Expenses: $13,800.00
  Telephone/Web: 1,500.00
  Office Equipment: 1,000.00
  Office Supplies: 300.00
  Professional Fees: 1,000.00
  Donations: 10,000.00
• Contingency and Reserve: $1,200.00
• After discussion, the proposed Budget, and the fact that Mary and Frank Hoffman agreed to fund up to $15,000.00, it was  considered sufficient and accepted unanimously.

There being no further business, the meeting was adjourned.

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