BNFCF Board Meeting March 27, 2017
BOARD OF DIRECTORS MEETING MONDAY, MARCH 27, 2017
AGENDA
4:00 PM
Call Meeting to Order & Invocation
Mike/Debbie
4:02 PM
Approval of March 13, 2017 Meeting Minutes
All
4:05 PM
Charity Awards
All
4:10 PM
Proposed By Law Changes
Robb
4:20 PM
Proposed 2018 Officers
All
4:22 PM
Congratulations on 2017 Nichols Cup Success!
All
4:30 PM
Motion to Adjourn
AMENDED AND RESTATED BYLAWS OF BOBBY NICHOLS FIDDLESTICKS FOUNDATION, INC. (A Florida Corporation Not-For-Profit)
ARTICLE I NAME The name of the corporation is Bobby Nichols Fiddlesticks Foundation, Inc. (the "Corporation") ARTICLE II OFFICES AND REGISTERED AGENT The principal office of the Corporation in the State of Florida shall be located at 15391 Canongate Drive, Fort Myers, Florida 33912 , or at such other place as shall be lawfully designated by the Board of Directors, hereinafter sometimes called the "Board." The street address of the registered office of this Corporation shall be located at 24311 Walden Center Drive3001 Tamiami Trail North , Suite 201, County of Lee, State of400, Naples, Florida 34103 , and the name of the registered agent at that address shall beis CLASP , INC., c/o William N. Horowitz. Inc. . This Corporation is organized and is to be operated exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, or the corresponding provision of any future United States Internal Revenue Law (the "Code"), including, but not limited to, lessening the burdens of government, and to do all acts and carry on and conduct all activities necessary, suitable, convenient, useful, proper and expedient in connection with and incidental to the accomplishment of any purposes set forth herein or hereafter adopted by the Board of Directors to the fullest extent permitted by the laws of the State of Florida for not-for-profit corporations, subject to the restrictions set forth herein. 1. Members. The members of the Corporation shall consist of a single class of members who shall be known as “The Pipers.” 2. Application for Membership. An application form as prescribed from time to time by the Board of Directors shall be completed by potential members and shall be subject to acceptance by the Board of Directors. 3. Membership Dues. Membership dues, which may consist of both initiation and annual dues, shall be established by the Board of Directors from time to time. Membership dues which are not paid by the applicable due date established by the Board of Directors shall become delinquent. If a Member fails to pay membership dues by the applicable due date established by the Board of Directors, ARTICLE III PURPOSES ARTICLE IV MEMBERS
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the Member’s status as a Piper shall terminate. A Member whose membership has terminated due to non-payment of delinquent dues may at any time be reinstated upon payment in full of all accumulated delinquent membership dues. 4. Voting Rights. The voting rights of members shall be limited to the election of Directors, and such other matters as the Board of Directors may determine to be appropriate for a vote of the membership. 5. Annual Meeting. The regular annual meeting of the members shall be held concurrently withon a date within sixty days following the regularCorporation’s annual meeting ofprimary fund-raising event, The Nichols Cup, as specified by the Board of Directors each year . ARTICLE V BOARD OF DIRECTORS 1. General. The affairs of the Corporation shall be managed by a Board of Directors, each of whom shall be of legal age, and need not be a resident of the State of Florida. 2. Number. The number of directors shall be nine. All directors shall serve until their terms shall expire or until their successors are elected or appointed. All directors shall have equal or full voting responsibilities as members of the Board of Directorssixteen. The terms of all newly elected directors shall correspond to the staggered three (3) year terms as set out in the Bylaws. Any director newly elected to an unexpired term or to a “stub” term shall be eligible to be nominated or elected to serve one or more terms consecutively, without any limitations . 3. Appointments and Election. The procedure for appointments and elections to the Board of Directors will be as follows: (a) Elections. Before each regular annual meeting in which an election is due to be held pursuant to these Bylaws, the President will appoint a nominating committee consisting of three or more members of the Board. Each nominating committee will make nominations for individuals to fill the vacancy or vacancies which will occur at the following regular annual meeting. The members shall be given a list of the nominees at least ten (10) days prior to the regular annual meeting at which time the election will be held. Each member will be entitled to one vote for each vacancy and the results will be determined by the majority of the votes cast. (b) Term and Succession. Elected Directors shall serve three-year staggered terms. The initial Board of Directors shall serve until the annual meeting of the members to be held in April, 2005. At the April 2005 annual membership meeting, there shall be an election by ballot for all nine current Directors, three of whom shall be elected for a term of three years (Class A Directors), three of whom shall be elected for a term of two years (Class B Directors) and three of whom shall be elected for a term of one year (Class C Directors). Then, upon expiration of the term of each class of Directors, the new Directors shall be elected for a three - year term. No memberMembers of the Board of Directors may be nominated or elected to serve one or more than two three-year terms consecutively , without any limitations . (c) The Nichols Family Seat. A single seat on the Board of Directors shall be a designated Bobby Nichols Family board seat,"The Nichols Family Seat." This seat shall have full voting privileges and the designated Nichols holder shall have equal rights to all other Directors, including the right to serve as an officer of the Corporation. The Nichols Family Seat director shall be elected by the Board of Directors for such term as determined by the Board of Directors from time to time, and shall be a direct family member of
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Bobby Nichols or a spouse thereof. The selection of the family member to hold the said seat shall be in the sole discretion of the Board of Directors. 4. Vacancy. Vacancies occurring in the Board by death, resignation, refusal to serve, or otherwise, shall be filled for the unexpired term by the vote of a majority of the remaining directors, though less than a quorum, at any regular or special meeting. 5. Removal. Any director may be removed at any time by a three-fourths majority vote of all the directors then serving. 6. Presumption of Assent. A director who is present at a meeting of the Board, or any committee thereof, at which an action is taken, shall be presumed to have concurred in the action unless his or her dissent thereto shall be entered in the minutes of the meeting or unless he or she shall submit his or her written dissent to the person acting as Secretary of the meeting before the adjournment thereof, or shall deliver or send such dissent to the Secretary of the Corporation promptly after the adjournment of the meeting. Such rights to dissent shall not apply to a director who voted in favor of such action. A director who is absent from a meeting of the Board or any committee thereof, at which such action is taken shall be presumed to have concurred in the action unless he or she shall deliver or send by registered mail or certified mail his or her dissent thereto to the Secretary of the Corporation or shall cause such dissent to be filed in the minutes of the proceedings of the Board or committee within a reasonable time after learning of such action. 7. Chairman Emeritus. Bobby Nichols shall serve as the Chairman Emeritus of the Board until further action of the Board of Directors. ARTICLE VI MEETING OF THE BOARD 1. Place of Meetings. The meetings of the Board shall be held at the principal office of the Corporation or at any place within the United States that the Board may from time to time appoint. 2. Annual Meetings. The Board shall meet each year during the month of April, unless otherwise provided by resolution of the Board of Directors.The annual meeting of the Board of Directors shall be held on a date within sixty days following the Corporation’s annual primary fund-raising event, The Nichols Cup, as specified by the Board of Directors each year. Such other regular meetings of the Board shall be held at such time and place as may be specified by the resolution of the Board. 3. Special Meetings. Special meetings of the Board may be called at any time by the President or by two or more directors. 4. Notice of Meetings. Notice of any regular or special meeting of the Board shall be given at least five days previously thereto by written notice sent by any usual means of communication to each director to his or her address as shown by the records of the Corporation; however, notice may be waived before, at or after the meeting. 5. Waiver of Notice. Attendance of a director at a meeting shall constitute a waiver of notice of such meeting, except when a director attends a meeting for the express purpose of objecting to the transaction of any business because the meeting is not lawfully called or convened. 6. Quorum. At all meetings of the Board, one-third of the total directors then in office shall constitute a quorum for the transaction of business. When a quorum is once present to organize the
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meeting, it is not broken by the subsequent withdrawal of any of those present and a meeting may be adjourned despite the absence of a quorum. 7. Voting of Directors. The vote of the majority of the directors at a meeting at which a quorum is present shall be the act of the Board, unless a vote of a greater number is required by law or by these Bylaws. 8. Action Without a Meeting. Any action required to be taken or which may be taken at any meeting of the directors of the Corporation may be taken without a meeting if a consent in writing, setting forth the action so to be taken, signed by all of the directors is filed in the minutes of the proceedings of the Board. Such consent shall have the same effect as a unanimous vote. 9. Meetings by Telephone. Members of the Board of Directors, or any committee appointed by the Board, shall be deemed present at any meeting of such Board or committee if a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other is used. ARTICLE VII COMPENSATION OF DIRECTORS Directors as such shall not receive any compensation for their services as directors, but the Board may, by resolution, authorize reimbursement of expenses incurred in the performance of their duties. Such authorization may prescribe the procedure for approval and payment of such expenses by designated officers of the Corporation. Nothing herein shall preclude a director from serving the Corporation in any other capacity and receiving compensation for such services. The Board, by resolution adopted by a majority of the entire Board, may designate an executive committee, consisting of two or more directors, and other committees consisting of two or more persons, who may or may not be directors, and may delegate to such committee or committees all such authority of the Board that it deems desirable, except that no such committee or committees, unless specifically so authorized by the Board, shall have and exercise the authority of the Board to: (a) Adopt, amend or repeal the Bylaws; (b) Fill vacancies in the Board or any committee. The Board may designate one or more directors as alternate members of any such committee, who may replace any absent member or members at any meeting of such committee. Each member of each such committee shall serve at the pleasure of the Board. The designation of any such committee and the delegation thereto of authority shall not relieve any director of any responsibility imposed by law. The executive committee or any other committee shall report any actions taken to the meeting of the Board next following the taking of such action, unless the Board otherwise requires. So far as applicable, the provisions of these Bylaws relating to the conduct of meetings of the Board shall govern meetings of the executive and other committees. ARTICLE VIII COMMITTEES
ARTICLE IX OFFICERS
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1. Election--Title--Term. The officers of the Corporation shall be a President, an Executive Vice President, one or more Vice Presidents, a Secretary, Treasurer, and such other officers as may be appointed pursuant to these Bylaws. Each officer shall be elected annually by the Board of Directors at its regular meeting, to serve until the next ensuing annual meeting, or until a successor shall have been duly elected. Any two or more offices may be held by the same person, except the offices of President and Secretary. The Board of Directors may elect or appoint, or by resolution provide for the appointment of, other officers or agents. 2. Removal. Any officer of the Corporation may be removed at any time by the Board whenever in its judgment the best interests of the Corporation will be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. The election or appointment of an officer shall not of itself create contract rights. 3. Duties. The duties of the officers of this Corporation shall be such as usually appertain to such officers of corporations generally except as may be otherwise prescribed by these Bylaws or by the Board. The President shall be the principal officer and headchief executive officer of the Corporation, and between meetings of the Board of Directors and of the Executive Committee, shall have general supervision of its business and affairs, subject,supervision of all operations, personnel and contractors of the Corporation, provided however, tothat compensation for any personnel and contractors shall be at the direction and approval of the Board of Directors. The Board of Directors shall have the right of the Board to delegate any specific power , except such as may by statute be exclusively conferred upon the President, to any other officer or officersdirector of the Corporation , to the exclusion for the time being, of the President . The President shall preside at all meetings of the Board of Directors and of the Executive Committee, and shall appoint, subject to the confirmation of the Board of Directors, and be a member of , all standing and special committees. InThe Executive Vice President will so preside in the absence of the President , a Vice President designated by the President shall preside at any meeting at which the President would preside . The Executive Vice President shall be the chief executive officer of the Corporation, and as such shall exercise general supervision of all operations and personnel serve on the Executive Committee, and shall, in the absence of the President, preside at meetings of the Corporation, including determination Board of compensation to be paid any employee other than himself for services rendered to the Corporation, subject to the direction or approval of the Board of Directors. HeDirectors and the Executive Committee; shall cause proper notice to be given of all meetings and shall record or cause to be recorded minutes of all proceedings to be kept for the official records of the Corporation . He and shall perform such other duties as directed by the Board may direct and at the expiration of his term shall deliver toPresident or the Board of Directors all property and records of the Corporation . The Secretary shall have custody of, and shall maintain, all of the corporate records except the financial records. The Secretary shall record the minutes of all meetings of the Board of Directors and shall send all notices of such meetings to the parties entitled thereto pursuant to the requirements of these Bylaws and those established by law, unless such responsibility for the sending of such notices is specifically assumed by the President of the Corporation or otherwise specifically delegated by the Board of Directors.
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The Treasurer shall have custody of all corporate funds and financial records of the Corporation and shall keep full and accurate accounts of receipts and disbursements. Not later than four (4) months after the close of each fiscal year of the Corporation, the Treasurer shall prepare accounting records showing the financial condition of the Corporation as of the close of the immediately preceding fiscal year and the results of its operation during its fiscal year. The Treasurer shall place accounting records in the registered office of the Corporation in the State of Florida and shall also place a copy of each in the minute book of the Corporation. 5. Compensation. The Board shall fix the compensation of all officers of the Corporation.
ARTICLE X CONTRACTS, CHECKS, DEPOSITS AND FUNDS
1. Contracts. Except as otherwise provided by the Board of Directors, contracts may be executed on behalf of the Corporation by the President, and may be attested and the corporate seal affixed by the Secretary. The Board of Directors may authorize the execution of contracts by such other officers, agents and employees as may be designated by them. 2. Funds. All funds of the Corporation not otherwise employed shall be deposited to the credit of the Corporation in such banks, trust companies, or other depositories as the Board of Directors may select, or as may be designated by any officer or officers or agent or agents of the Corporation to whom such power may be delegated by the Board of Directors. All checks, drafts or other orders for the payment of money, notes, or other evidences of indebtedness issued in the name of the Corporation shall be signed by such officer or officers, agent or agents, of the Corporation and in such manner as shall from time to time be determined by resolution of the Board of Directors. 3. Acceptance of Gifts. The Board of Directors or any officer or officers or agent or agents of the Corporation to whom such authority may be delegated by the Board, may accept on behalf of the Corporation any contribution, gift, bequest or devise for the general purposes or for any special purpose of the Corporation. In any case hereunder when notice to the directors is required or permitted, the notice shall be in writing or printed. When mailed, the notice shall be deemed to be delivered when deposited in the United States mail addressed to the director at his or her address as it appears on the records of the Corporation. When delivered personally or by hand, the notice shall be deemed delivered when actually received by the director. ARTICLE XII SEAL The corporate seal of the Corporation shall bear the words and figures: BOBBY NICHOLS FIDDLESTICKS FOUNDATION, INC., FLORIDA, A CORPORATION NOT FOR PROFIT. The corporate seal shall be used under the direction of the Board of Directors. ARTICLE XI NOTICE AND TIME REQUIREMENT
ARTICLE XIII BOOKS AND RECORDS
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1. Maintenance and Location. The Corporation shall keep correct and complete books and records of accounts and shall keep minutes of the proceedings of its Board of Directors and committees of directors. Any books, records and minutes may be in written form or any other form capable of being converted into written form within a reasonable time. 2. Financial Information. The Corporation shall maintain in the registered office of the Corporation in the State of Florida for at least five (5) years following the fiscal years for which they were prepared, the accounting records required to be prepared by the Treasurer of the Corporation pursuant to the provisions of Article IX of these Bylaws. 3. Fiscal Year. The fiscal year of the Corporation shall be the calendar year. ARTICLE XIV INDEMNIFYING DIRECTORS, OFFICERS AND EMPLOYEES 1. Indemnification. The Corporation shall indemnify and save harmless to the fullest extent permitted by law any officer, director, or employee, or any former officer, director or former employee, and his or her heirs, personal representatives, administrators, and other legal representatives from and against: (a) Any liability and all costs, charges and expenses that he or she sustains or incurs in respect of any action, suit or proceeding that is proposed or commenced against him or her for or in respect of anything done or permitted by him or her in respect of the execution of the duties of his or her office; and (b) Any other liability and all costs, charges and expenses that he or she sustains or incurs in respect of the affairs of the company.
ARTICLE XV AMENDMENT
These Bylaws may be altered, amended or repealed by a two-thirds vote of the Board at any regular meeting or at any special meeting called for that purpose, provided, however, that notice of the proposed amendment, alteration or repeal shall be given to each director at least ten (10) days prior to the date of the meeting at which the Bylaws are to be altered, amended or repealed; provided, however that no notice shall be required if all directors are present.
ARTICLE XVI NO VESTING
The members of the Corporation shall have no vested right, interest or privilege of, in, or to the assets, functions, affairs or contracts of the Corporation, nor shall the members have any such right, privilege, or interest which may be transferable or inheritable, or which shall continue when membership ceases. ARTICLE XVII ASSETS UPON DISSOLUTION In the event this Corporation is dissolved and ceases to exist for its stated purpose, the net assets shall be distributed and paid over absolutely to such entity as the Board of Directors may
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designate provided such entity performs substantially the same function as this Corporation and meets the requirements of Section 501(c)(3) of the Code. ARTICLE XVIII RESTRICTIONS Notwithstanding any other provisions of these Articles, (1) the purposes for which this Corporation is organized and shall be operated shall be those specified in Section 501(c)(3) of the Code, (2) this Corporation shall not carry on any other activities not permitted to be carried on by (a) a corporation exempt from federal income tax under Section 501(c)(3) of the Code or (b) a corporation, contributions to which are deductible under Sections 170(c)(2), 2055(a)(2) and 2522(a)(2) of the Code. ARTICLE XIX TAX EXEMPT STATUS (1) Prohibition on Private Inurement. No part of the net earnings or property of the Corporation shall inure to the benefit of, or be distributed to, any member, other than a member which is exempt from Federal income tax under Section 501(c)(3) of the Code, director, officer, or other private persons, except that the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payment and distributions in furtherance of the purposes set forth in Article III hereof. (2) Prohibition on Lobbying/Intervention in Political Campaigns. No substantial part of the activities of the Corporation shall be carrying on of propaganda, or otherwise attempting to influence legislation, and the Corporation shall not participate in, or intervene in (including the publication or distribution of statements) any political campaign on behalf of, or in opposition to, any candidate for public office. (3) Public Charity Status. It is intended that the Corporation will continue to qualify as a public charity under Section 509(a)(1) of the Code; however, the following provisions shall be applicable if it is determined that the Corporation is to be treated by the Internal Revenue Service as a "private foundation," for such period as the Corporation shall be classified as a private foundation. Notwithstanding anything herein to the contrary, in the event the Corporation is treated as a private foundation, the Corporation shall not take any action or omit to take any action or make any payment which would result in an avoidable tax liability under Section 4940 through 4945 of the Code, or which could result in the termination of the Corporation's status as a private foundation under Section 507 of the Code (except actions designed to cause the Corporation to be classified as a public charity).
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CERTIFICATE The undersigned hereby certifies that heshe is the duly elected and acting Secretary of the Corporation named herein and that the foregoing is a true copy of the Bylaws of said Corporation duly adopted by action of the Directors dated __________________, 20022017 , and hereby further certifies that such Bylaws have not been amended or rescinded and remain in full force and effect at the date hereof.
DATED this ________ day of _____________________, 20022017 . ________________________________ ________________________________ Nancy Clair, Secretary
1928288_1.doc 3/23/20053330994
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2017 ANNUAL PIPERS MEETING BOBBY NICHOLS FIDDLESTICKS CHARITY FOUNDATION MARCH 27, 2017
AGENDA
Welcome & Call to Order
Michael Lancellot
Approval of 2016 Annual Meeting Minutes
Michael Lancellot
Proposed By-law Revisions
Robb Smith
Recognize Outgoing Directors & Key Volunteers
Michael Lancellot
Board Nominations for Election
Michael Lancellot
3 year term for existing Directors: Dick Bean, Nancy Clair, Barb Skillman, Robb Smith 3 year term for new Directors
o
o
Kevin Brogan, Heidi Frederic, Austin Lydon
2018 Key Volunteer Roles
Michael Lancellot
Piper Update
Barb Skillman
Financial Report
Dick Bean
Check Presentations/Beneficiary Comments
Michael Lancellot
Liberty Youth Ranch
o
Alan & Angela Dimmit, Founders
Blessings in a Backpack
o
Dr. Marsha Burr, Principal, Colonial Elementary Kenneth Savage, Principal, James Stephens International Academy
Abuse Counseling & Treatment Jennifer Benton, CEO Children’s Advocacy Center Jill Turner, CEO
o
o
A Special Thank You
Bobby Nichols
2018 Dates o
Auction Preview Night, Friday, February 16
o Nichols Cup Tennis Pro Am Tournament, Saturday, February 17 o Nichols Cup Neighborhood Celebration, Saturday, February 17 o Nichols Cup Practice Round, Auction & Gala, Sunday, February 18 o Nichols Cup Golf Tournament, Monday, February 19
Motion to Adjourn
BOBBY NICHOLS-FIDDLESTICKS FOUNDATION, INC. STATEMENTS OF REVENUE AND EXPENSES
Fiscal YTD 3/27/2017
Fiscal YTD 3/27/2016
Fiscal YTD 8/31/2016
Revenue
Event
Auction Live
Saturday
$
80,000.00 233,750.00 313,750.00 25,355.00 55,640.00 80,995.00
$
-
$
-
Sunday
375,500.00 375,500.00
378,500.00 378,500.00
Total Live
Silent
Saturday
8,460.00 15,185.00 23,645.00 46,200.00 445,345.00 24,950.00 85,550.00 110,500.00
8,160.00 15,185.00 23,345.00 46,200.00 448,045.00 24,750.00 85,350.00 110,100.00
Sunday
Total Silent
Big Board
-
Total Auction
394,745.00
Appeals
Saturday
64,400.00 77,350.00 141,750.00
Sunday
Total Appeals
Raffle
35,921.00
60,393.00
60,393.00
Golf Entry Fees
Paid Golf Entry Fees
159,000.00
131,000.00
139,000.00
Plus Comped Sponsor Golfers
75,000.00
50,000.00
50,000.00
Total Golf Entry Fees
234,000.00
181,000.00
189,000.00
Gala Tables
800.00
4,400.00
4,400.00
Sponsorships Title
40,000.00 60,000.00 50,000.00 60,000.00 120,000.00 70,000.00 23,000.00 59,769.05 36,536.00 24,000.00
- -
- -
Presenting Principal Platinum Diamond
- - - - - - - -
- - - - - -
Gold Silver Ruby
Emerald Quartz Copper
6,750.00
-
Prior Year Sponsors
-
466,085.34 466,085.34 (50,000.00)
465,085.34 465,085.34 (50,000.00) (25,567.95) 389,517.39
Total Sponsorships
550,055.05 (75,000.00)
Less Comped Sponsor Golfers
Reclass to Offset Administrative Expenses
-
-
Sponsorships, net
475,055.05
416,085.34
Tennis
3,420.00
52,690.00
52,690.00
Total Event Revenue
1,285,691.05
1,270,413.34
1,254,145.39
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BOBBY NICHOLS-FIDDLESTICKS FOUNDATION, INC. STATEMENTS OF REVENUE AND EXPENSES
Fiscal YTD 3/27/2017
Fiscal YTD 3/27/2016
Fiscal YTD 8/31/2016
Other Revenue
Membership Dues Individual
11,950.00 69,500.00 81,450.00 18,824.00
12,125.00 61,750.00 73,875.00
12,125.00 62,000.00 74,125.00
Family
Total Membership
Contributions
-
-
Memorial Contributions
660.00
1,880.00
15,220.00
Interest
58.97
304.21
350.12
Total Other Revenue
100,992.97
76,059.21
89,695.12
Total Revenue
1,386,684.02
1,346,472.55
1,343,840.51
Cost of Event Revenue Auction Items
48,553.83 67,013.00 18,924.00 136,990.50 14,857.21
86,393.40 64,203.25 13,000.00 157,954.51 12,922.50 1,289.00 92,228.03 57,000.00 14,259.39 2,700.00 16,741.91 1,825.20 8,324.21 8,995.00 1,739.58 1,071.47 3,642.16 2,118.27 61,417.19 4,941.16 551,349.04
86,393.40 63,692.25 14,796.00 157,954.48 12,922.50 1,289.00 92,228.03 57,000.00 13,608.45 2,700.00 24,241.91 1,825.20 8,984.21 8,995.00 1,883.50 1,071.47 3,737.13 2,118.27 69,165.14 4,941.16 560,381.96
Prizes and Gifts
Auctioneer
Food and Beverage
Golf Fees
Insurance - Special Event
1,290.00
Equipment Rental
129,641.11 71,000.00
Professional Golfer Fees Other Event Expenses
Credit Card/PayPal Fees
16,601.64 3,700.00 23,168.81 3,000.00 9,840.64 6,500.00 2,358.04 1,810.00 1,656.78 1,500.00 70,135.91 1,010.96 559,416.52
Entertainment
FCC Labor and Fee Photography/Video
Printing
Professional Fees
Shipping
Signs
Supplies
Travel
Other Event Expenses
Tennis
Total Cost of Event Revenue
Total Revenue, less of Cost of Event Revenue
827,267.50
795,123.51
783,458.55
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BOBBY NICHOLS-FIDDLESTICKS FOUNDATION, INC. STATEMENTS OF REVENUE AND EXPENSES
Fiscal YTD 3/27/2017
Fiscal YTD 3/27/2016
Fiscal YTD 8/31/2016
Administrative Expenses
Administrative Expenses Sponsor
-
-
(25,567.95)
Bank Fees
111.69
68.22
83.22
Golfers Giving Back
-
7,420.00
7,420.00
Internet
300.00
-
-
Insurance - Liability Postage and Shipping
1,368.00
1,368.00 1,086.14
1,368.00 1,299.56
978.42 312.50
Printing
558.26
558.26
Professional Fees
10,687.50 1,430.13
10,162.50
12,924.50
Supplies
87.84
515.41
Storage Rent
887.00
786.00
1,399.00
Total Administrative Expenses
16,075.24
21,536.96
-
Charitable Contributions
Abuse Counseling Treatment Center
325,000.00 325,000.00 116,000.00 8,000.00 10,000.00 40,000.00 824,000.00
325,000.00 325,000.00 100,000.00 8,000.00 10,000.00 20,000.00 788,000.00
325,000.00 325,000.00 100,000.00 8,000.00 10,000.00 20,000.00 788,000.00
Childrens's Advocacy Center
Blessings in a Backpack Copper Cannon Camp
Cincinnati Scholarship Fund/Johnny Bench Foundation
Liberty Youth Ranch/Cultural Park
Total Charitable Contributions
Total Administrative Expenses and Charitiable Contributions
840,075.24
809,536.96
788,000.00
Net Revenue (Expense)
$
(12,807.74)
$
(14,413.45)
$
(4,541.45)
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BOBBY NICHOLS-FIDDLESTICKS FOUNDATION, INC. BALANCE SHEETS
3/27/2017
3/27/2017
8/31/2016
ASSETS
Current Assets Cash
FineMark Bank Oppenheimer
$
754,291.36
$
775,482.48 23,963.54 799,446.02
$
20,377.43 8,949.94 29,327.37
-
Total Cash
754,291.36
Other Current Assets Prepaid Expenses
129.00
339.00
242.00
Receivables
116,850.00 116,979.00
27,300.00 27,639.00
3,000.00 3,242.00
Total Other Current Assets
Total Current Assets
871,270.36
827,085.02
32,569.37
TOTAL ASSETS
$
871,270.36
$
827,085.02
$
32,569.37
LIABILITIES & EQUITY Current Liabilities
Accounts Payable Accrued Expenses Deferred Revenue
$
824,250.00 42,368.19
$
779,293.07 29,058.56 13,103.31 821,454.94
$
5,109.46
-
1,957.83
11,957.83 17,067.29
Total Current Liabilities
868,576.02
Equity
Fund Balance
15,502.08 (12,807.74)
20,043.53 (14,413.45)
20,043.53 (4,541.45) 15,502.08
Net Revenue (Expense)
Total Equity
2,694.34
5,630.08
TOTAL LIABILITIES & EQUITY
$
871,270.36
$
827,085.02
$
32,569.37
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