Annual Meeting Minutes - 2014
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:

• 1 July 2014

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:

• 2013 Income: $50,271.00
• 2013 Expenses: $49,644.00
  Professional Fees: $365.00
  Internet and Other Expenses: $14,136.00
  Internet Publishing Services: $34,924.00
  Donations: $220.00
• 2013 Excess Revenue: $617.00
• Cash in the bank as of this date: $2741.32
• The Treasurers report was accepted unanimously.

Review of Current Foundation and Web Site Status:

• We have been doing some more redesigning of the web site to help modernize the appearance, and convert more pages to our new CSS format with server side includes to help reduce the code on pages. This seems to be helping and we have begun to notice an increase in web site traffic above the same date last year. This is the first time we have seen such a reversal in over 3 years.
• We are still hosting web sites for about 40 other organizations.
• Review of Budget through 30 Jun 2014:
• Income from Donations: $18,247.75
• Expenses: $20,049.45
  Internet and Other Expenses: 4,061.95
  Internet Publishing Services: 15,212.50
  Professional Fees: 625.00
  Donations: 150.00
• Contingency and Reserve: ($1,701.70)
• Both Income and Expenses are running less than half of the proposed budget, but since Frank and Mary Hoffman agreed to fund up to $52,000.00, no changes were needed.

Old Business:

• We canceled our contract with Vocus, Inc. and allowed the contract to expire on 31 Mar 2014.

New Business:

• Proposed Budget for Next year:
• Income from Donations: $52,000.00
• Expenses: $50,800.00
  Internet and Other Expenses: 9,400.00
  Internet Publishing Services: 37,000.00
  Professional Fees: 400.00
  Donations: 4,000.00
• 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.

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