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Old 07-29-2011, 08:18 AM   #11
citybutch
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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:
Originally Posted by June View Post
I don't think their financials are transparent at all. There are telephone, hotel, travel, car, food and external conference expenses that are not explained as to who benefited from them. Conversely, they say over and over again that they grant scholarships to students and lower income folks, there is no line item about $xxx.xx in scholarship funds being disbursed.

And it's their right not to disclose. They are not now, nor have they been in the past a 501c3. Whether or not they are actively seeking to become one is not clear from information on the website.

However, in my opinion, because they are a volunteer driven organization actively seeking donations to further their organization AND they are charging a fairly high registration fee for the "privilege" of gathering together with other "Masculine of Center" folks, it seems to me that they do have an obligation to be extremely transparent in their financial dealings.

For example, I get that organizing is very difficult and time consuming work. Sometimes, we get paid for that work if we're fortunate enough to do it for an established 501c3/NPO. Granted, nobody is getting rich working for an NPO, unless it's a really big one with deep pockets like, HRC. (And "rich" is relative, right?). So, let's say you're an average working class Queer and you want to attend a conference or event, you've got at minimum, the following:

Registration
Airfare/travel
Hotel
Food

I fail to see the fairness if you, as a participant have these expenses to attend the event, and a "few" or less, because they are organizing the event, don't have the same expenses. UNLESS it is stated that a certain portion of your registration will be used for the expenses of the President/Founder/Board Members or whomever. Then you can decide if that feels good to you, and make an educated decision whether or not to support that.

As I have said, ad nauseum, I don't care personally if you make money from the work you do. But if I am supporting you financially and with time, then I want to know about it.

I understand that not everyone agrees with this and lots of people don't care that their registration money is going to pay for someones room service when they are making sandwiches out of a cooler because they spent everything they had to get to the event, but I do care about that very much.

--June
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