BNFCF BOD Meeting 11-7-2022

BOARD OF DIRECTORS MEETING MONDAY, NOVEMBER 7, 2022 FIDDLESTICKS BOARDROOM If out of Town: Call-In Number 605-475-3215 Passcode 351406#

AGENDA

4:30 PM

Call to Order

Mike

4:32 PM

Approval of 10/24/22 Board Meeting Minutes

4:35 PM

Financial Review

Austin

4:45 PM

Event Planning Update

Sarah

4:55 PM

Piper Update

Barb

- Email to existing Pipers & Letter to all FCC members - Decal

5:00 PM

Golf Pro-Am

Tony

- Email Invitation to Nichols Cup 2022 Players - Open Registration after December 16

5:05 PM

Auction

Gerry & Carol

5:15 PM

Strategic Discussions -

Human Trafficking, Catholic Charities PR & Marketing & Communications

Alex Olivares

-

Carol

6:00 PM

Motion to Adjourn

BOBBY NICHOLS-FIDDLESTICKS FOUNDATION, INC. BALANCE SHEETS

Fiscal YTD 10/31/2022

Fiscal YE 8/31/2022

ASSETS

Current Assets Cash

FineMark Bank - Operating

$

185,857.10 20,666.99

$

327,826.58

FineMark Bank - Disaster Relief Fund

-

Oppenheimer

0.01

0.01

Total Cash

206,524.10

327,826.59

Other Current Assets Prepaid Expenses

199.00 500.00 699.00

175.00

Receivables

2,335.61 2,510.61

Total Other Current Assets

Total Current Assets

207,223.10

330,337.20

TOTAL ASSETS

$

207,223.10

$

330,337.20

LIABILITIES & EQUITY Current Liabilities

Accounts Payable Accrued Expenses

$

14,824.37 26,350.06 69,500.00 110,674.43

$

16,102.90 188,350.00 69,500.00 273,952.90

Reserve for Pending Charitable Contributions

Total Current Liabilities

Equity

Fund Balance

56,384.30 40,164.37 96,548.67

61,677.94 (5,293.64) 56,384.30

Net Revenue (Expense)

Total Equity

TOTAL LIABILITIES & EQUITY

$

207,223.10

$

330,337.20

BOBBY NICHOLS-FIDDLESTICKS FOUNDATION, INC. STATEMENTS OF REVENUE AND EXPENSE

Fiscal YTD 10/31/2022

Fiscal YTD 10/31/2021

Fiscal YE 8/31/2022

Revenue Event

Auction Live

$

-

$

-

$

178,000.00

Silent

Saturday Premier

- - -

- - -

126,938.00 10,000.00 136,938.00

Total Silent

Experience Purchases

4,000.00 4,000.00

- -

42,900.00

Total Auction and Experience Purchases

357,838.00

Appeals

-

-

286,555.00

Other

Raffle, net

- - - - -

- - - - -

33,148.29 3,087.38 5,625.00 3,004.00 44,864.67

Wine Pull, net Dinner Tickets Lemonade Stand

Total Other

Golf Entry Fees

Paid Golf Entry Fees

- - -

- - -

176,250.00 176,250.00 352,500.00

Plus Comped Sponsor Golfers

Total Golf Entry Fees

Revenue Recovered (at Risk)

-

-

44,350.00

Sponsorships

Champions for Children

- - - - -

- - -

350,000.00 102,192.08 95,000.00 75,000.00 100,000.00 210,000.00 110,315.63 15,000.00 105,500.00 52,000.00 28,500.00

Title

Presenting Principal Platinum Diamond

25,000.00

-

15,000.00

30,000.00 10,000.00 7,500.00

Gold Silver Ruby

- -

5,000.00 2,500.00

-

Emerald Quartz Copper Bronze

2,500.00

- - -

- - -

4,750.00

710.00

Total Sponsorships

22,500.00

75,000.00

1,248,967.71 (176,250.00) 1,072,717.71

Less Comped Sponsor Golfers

-

-

Sponsorships, net

22,500.00

75,000.00

Tennis

-

-

4,250.00

Total Event Revenue

26,500.00

75,000.00

2,163,075.38

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BOBBY NICHOLS-FIDDLESTICKS FOUNDATION, INC. STATEMENTS OF REVENUE AND EXPENSE

Fiscal YTD 10/31/2022

Fiscal YTD 10/31/2021

Fiscal YE 8/31/2022

Other Revenue

Membership Dues Individual

-

-

10,650.00 80,500.00 91,150.00 16,863.85 9,950.26 62,631.33 5,395.00

Family

250.00 250.00

250.00 250.00

Total Membership

Anniversary Cookbook

- -

- -

Wine Dinner, net

Contributions - General Contributions - Memorial

15.89

243.00

2,950.00

3,675.00

Contributions - Disaster Relief Fund Contributions - Cookbook, net

266,700.00

-

-

-

200.00

137.00 249.05

Interest

29.64

3.85

Total Other Revenue

269,945.53 296,445.53

4,371.85

186,376.49

Total Revenue

79,371.85

2,349,451.87

Cost of Event Revenue Auction Items

- - - - - - - - - - - - - - - - -

2,366.52

30,126.92 187,222.54 67,989.78 81,396.57 19,597.35 22,940.66 91,198.04 18,899.72 15,750.00 3,817.87 3,437.19 22,508.99 19,590.45 4,264.07 3,685.00 3,985.37 1,942.74 15,160.25 113,866.92 825.27

Food and Beverage Equipment Rental

- - -

Entrant Prizes and Gifts

Auctioneer

1,000.00

Golf Fees - Greens and Carts

- -

Professional Golfer Appearance Fees and Prize Money

Other Event Expense Credit Card Fees

2,630.49

20.37

Entertainment

- - - - - - - - - -

FCC Labor

Flowers and Decorations Marketing Services Photography/Video Postage and Shipping

4,984.00

Printing

Security Services

Signs

Special Event Insurance

Supplies

720.00 740.37

Other Event Expense

7,614.49

Tennis

-

-

656.45

Total Cost of Event Revenue

7,614.49

4,106.89

614,995.23

Total Revenue, less of Cost of Event Revenue

288,831.04

75,264.96

1,734,456.64

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BOBBY NICHOLS-FIDDLESTICKS FOUNDATION, INC. STATEMENTS OF REVENUE AND EXPENSE

Fiscal YTD 10/31/2022

Fiscal YTD 10/31/2021

Fiscal YE 8/31/2022

Administrative Expense

Bank and Brokerage Fees

158.17

-

128.16 437.43

Internet

96.50

90.48

D&O Liability Insurance

- -

- -

1,346.36

Licenses and Fees

505.00

Postage and Shipping

275.00 864.01

564.20 237.50

1,285.37 2,797.68 21,050.00

Printing

Professional Fees

3,525.00

1,300.00

Supplies

99.99

-

100.28

Storage Rent

398.00

326.00

2,100.00

Total Administrative Expense

5,416.67

2,518.18

29,750.28

Charitable Contributions

Charitable Contributions Paid:

Abuse Counseling Treatment Center

- - - - - - - - -

- - - - - - - - -

600,000.00 600,000.00 156,000.00 8,000.00 15,000.00 155,000.00 1,534,000.00 176,000.00 1,710,000.00

Childrens's Advocacy Center

Blessings in a Backpack Copper Cannon Camp

Greater Cincinnati Foundation/Johnny Bench Fund

Liberty Youth Ranch

Total Charitable Contributions Paid

Future Charitable Ccontributions

Total Charitable Contributions

Disaster Relief Fund Grants

243,250.00

-

-

Total Administrative, Charitable Contributions and Disaster Relief

248,666.67

2,518.18

1,739,750.28

Net Revenue (Expense)

$

40,164.37

$

72,746.78

$

(5,293.64)

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