Annual Meeting Minutes - 2010
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:

• 30 June 2010

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:

• 2009 Income: $51,848.00
• 2009 Expenses: $49,898.00
  Professional Fees: $425.00
  Internet and Other Expenses: $5,950.00
  Internet Publishing Services: $39,375.00
  Donations: $4,148.00
• 2009 Excess Revenue: $1,950.00
• Cash in the bank as of this date: $4,332.62
• The Treasurers report was accepted unanimously.

Review of Current Foundation and Web Site Status:

• By the end of December 2009 the number of published text documents had reached 60,500.
• From 11 Feb 2009 thru 10 Feb 2010 we had 9,612,000 visitors to our web site determined by IP address.
• Starting with Nov 2009 through May 2010, we have seen an increase of approximately 100,000 hits per day, and 100,000 visitors per month to our web site.  We will continue to monitor this encouraging change in activity.
• We are still hosting more than 35 other organizations on our web site, which also consumes most of our expenses.
• Our publishing efforts, both contract and internal are very similar to last year.
• Review of Budget:
• Income from Donations: $52,000.00
• Expenses: $50,800.00
  Internet and Other Expenses: 5,500.00
  Internet Publishing Services: 40,000.00
  Professional Fees: 300.00
  Donations: 5,000.00
• Contingency and Reserve: $1,200.00
• Both Income and Expenses are running less than half of the proposed budget, but since the Frank and Mary Hoffman agreed to fund up to $52,000.00, no changes were needed.

Old Business:

• There was still no definitive reason found for the loss of the youth visits from 2008.  The Board decided to start a Facebook page to see if this would begin to attract more visitors to the web site.

New Business:

• The Board decided to start a Facebook page in an effort to improve web site activity.  Only references to web site documents will be published on Facebook with active links back to the web pages.  No documents will be published on Facebook.
• Proposed Budget for Next year:
• Income from Donations: $52,000.00
• Expenses: $50,800.00
  Internet and Other Expenses: 5,500.00
  Internet Publishing Services: 40,000.00
  Professional Fees: 300.00
  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.

Return to: Annual Meeting Minutes
Return to: The Mary T. and Frank L. Hoffman Family Foundation