Regular Member Meeting 2010 12 14

Note: This page serves as the 2010-12-14 Member Meeting's agenda (before the meeting) and minutes (after the meeting).

Time and Location

December 14, 2010 Meeting called to order at 8pm by Timball (VP, acting).

Members Present:

Jamie A Elliot W Eric M Katie B Timball B Xaq R Andy W TC Todd F Ben S Arc R Brad B Phil S Martin R

Others Present: Jeremy B Francois

Quorum met? Probably.

Approval of Previous Meeting's Minutes

Regular Member Meeting 2010 11 09

Director Reports

President's Report

• We've been assigned an IRS agent, signifying that our 501c3 application is well under way.

Vice President's Report

• Vincent Gray administration contacts -- searching for space at better rates

Treasurer's Report

• We're adding members. We're around 42 paying members in November.

• We've had some extraordinary income -- meeting of the Motley Fool in our space.

• Income: $2,670 less expenses $2,144 = positive cashflow. Assets just shy of $8000.

• Rent will possibly increase to $2,500.

HacDC Profit & Loss Detail November 2010

Date Type Num Name Memo/Description Split Amount Balance Ordinary Income/Expense

Income Membership Dues

Total for Membership Dues $1,930.00

Non Profit Income

11/11/2010 Sales Receipt 1278 Paypal 242.45 242.45 11/15/2010 Deposit BBT Checking 350.00 592.45 11/29/2010 Sales Receipt 1300 Paypal 145.35 737.80

Total for Non Profit Income $737.80

Total for Income $2,667.80

Expenses

Bank Charges

11/22/2010 Journal Entry 38 -SPLIT- 4.00 4.00 Total for Bank Charges $4.00

Insurance 11/01/2010 Journal Entry 33 -SPLIT- 71.08 71.08 Total for Insurance $71.08

Office Expenses 11/02/2010 Journal Entry 34 -SPLIT- 37.45 37.45 11/12/2010 Check 1100 Intuit Quickbooks BBT Checking 10.55 48.00 11/15/2010 Check 1002 Intuit Quickbooks BBT Checking 10.55 58.55 11/26/2010 Journal Entry 39 -SPLIT- 10.55 69.10 Total for Office Expenses $69.10

Rent or Lease 11/12/2010 Check 1001 St. Stephen and the Incarnation Episcopal Church BBT Checking 2,000.00 2,000.00 Total for Rent or Lease $2,000.00

Total for Expenses $2,144.18 Net Income $523.62

ASSETS Current Assets Bank Accounts BBT Checking 4,409.86 Total Bank Accounts $4,409.86 Other Current Assets Paypal 2,667.17 Undeposited Funds 0.00 Total Other Current Assets $2,667.17 Total Current Assets $7,077.03 Other Assets Rent Security Deposits 850.00 Total Other Assets $850.00 TOTAL ASSETS $7,927.03 TOTAL LIABILITIES AND EQUITY $7,927.03

Director-at-Large Reports

William

Unable to attend due to school commitments.

Please use the website to publish things! We have one small posts up on Spaceblimp 3; which briefly announced the planned date (which then channged). We had no post to announce the rescheduled flight or too announce the success of the flight. Is this a problem with people not having access to the site or not willing to post things? If we are able to aggressively use web + social media, it will build awareness of our brand. This can potentially get us attention for funding from organizations for projects (think for a Spaceblimp 4) once we get 501C3 status.

Motley Fools used our space to hold their yearly software development meeting. we netted a 400usd donation from that event.

New Business

• ShmooCon Sleepover and Streaming (Chris Koepke/Arc Riley)
• Proposal to approve holiday gift of $100 to our excellent security guard

Adjournment

Adjourned at ___.