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#11 | |
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19 years together- Very Married for 10 years Join Date: Aug 2010
Location: San Diego
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June as the person who works on the P&L I will put together some notes together for you. I am currently on vacation and was out on the water yesterday so didn't have service to respond more promptly.
As an FYI, and generally speaking, and as someone who sits on numerous Boards such as the local LGBT Center, a theatre, and on the finance committee on a local LGBT Foundation, professional financials do not go into detail as to who is cut what check when. In fact, it is not even the Board who sees the detailed financials in many organizations. It is the finance committee who reviews the detailed financials and it is the audit committee who reviews the detailed audit. The committees then recommend to the Board approval (or not) after recommended changes are made. The Board (and the community or constituency who is served ) is/are free to ask questions about the details which the Treasurer or other members of the finance committee will answer. To work on a Board of Directors for an organization means there is a lot of oversight over programs, staff (if there is one), financials, building maintenance, etc. Also, the Board of BV is actively seeking 501 (c) 3 status through a sponsor. It is complicated for this organization because we engage in activity in multiple States. If we were to file for 501 (c) 3 status on our own it would be a complicated and an expensive endeavor... one in which our minimal resources would not cover. I will be back when I am able to make note of your questions. Thanks for your questioning mind June! Quote:
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