III to I Foundation
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III to I Foundation A Charity to Obtain Economic Freedom |
Minutes of the Annual Meeting of the Board of Directors
Friday, January 24, 2003 in San Antonio, Texas
Board Members Present: John Burd, Darrell Cain, Ren Egbert, Mark Hungerford, Bruce Johnston, Ken Keller, Roger Nofsinger, Bruce Ouellette, Earle Sullivan and Mike Watters
Board Members Absent: Neal Benham, Steve Hix, Debbie Hix, Noel Jackson, Jim Kinkaid, Chris Meletiou, Jerry Miller, and Rodney Teague
Others Present: Rick Barry, Steve Cain, Brad Clapp, Ed Cummer, Melissa DeMaagd, Matt Davis, Teresa Gast, Tim Greaves, Joy Hawkins, Ron Hawkins, Mike Humphreys, Kristi Keller, Toni Lee, Johnny Line, John Little, Gary Moore, Leigh Nofsinger, Matt Paladini, Lynn Pestle, Melinda Rochelle, Tom Sanders, Sandra Scott, Dan Wicker and David Woodruff
The meeting was called to order at 4:35 p.m. Darrell Cain acknowledged everyone’s attendance and thanked everyone for his or her time and effort.
The first order of business was to review and approve the minutes from the 2002 annual board of directors meeting dated January 18, 2002.
Upon motion duly made by Ren Egbert and seconded by Mike Rosenberg, the board unanimously approved the minutes.
It is time to rotate off the following three directors from the board: Debbie Hix, Steve Hix and Rodney Teague.
Therefore, upon motion duly made by Mark Hungerford and seconded by Roger Nofsinger, the following directors were unanimously elected for the ensuing year or until his or her successor is elected and qualified:
Neal Benham Jim Kinkaid
John Burd Chris Meletiou
Darrell Cain Jerry Miller
Ren Egbert Roger Nofsinger
Mark Hungerford Bruce Ouellette
Noel Jackson Mike Rosenberg
Bruce Johnston Earle Sullivan
Ken Keller Mike Watters
Upon motion duly made by Neal Benham and seconded by Noel Jackson, the following officers were unanimously re-elected for the ensuing year or until his or her successor is elected and qualified:
President Darrell W. Cain
Vice President/Treasurer Michael T. Watters
Secretary Kristi Keller
A. The Educational Seminar was attended by 26 people in July, 2002.
· Discussion was held about the need to increase the numbers at the Educational Seminar. It was suggested that we have possibly educated the group that currently needs the information and we may need to wait until the next group is ready.
· The idea was suggested to expand the possible attendees to include new practice associates and partners and to dentists in Dallas since that is the seminar location.
· Much discussion was held about whether to host the seminar in 2003. Roger Nofsinger made a motion to host the seminar in 2003 along with a name change to encourage more participation. Upon motion duly made by Roger Nofsinger and seconded by Earle Sullivan, the board unanimously decided to host the seminar in 2003. The new seminar name will be “Accumulating Wealth”.
B. The Estate and Distribution Seminar was not held in 2002 and will not be held in 2003 because of lack of participation.
The board recognized the legal services donated to the foundation by Melinda Rochelle. The foundation recognizes that Dick Peeples and David Hilburn received no compensation or tax benefits for her donated services. The foundation extended a heart-felt thank you to her.
Melinda confirmed that III to I Foundation received IRS approval of its public charity status.
Darrell Cain presented the financial report. The assets of the Foundation are aggressively invested in a Great Plains Trust Company account. The Finance Committee will meet to discuss the investment strategy of the foundation.
Upon motion duly made by Mark Hungerford and seconded by Darrell Cain, the board voted unanimously to send all new revenue equally to the GPTC equity fund and the GPTC mid-cap fund to better diversify the account.
We currently have 205 members, 72 of whom are lifetime members.
The 2003 member meeting was held at 11:00am on Friday, January 24, 2003 to raise support and participation in III to I.
Discussion was held about who the group knows that could help us market our seminars. Audrey Wendel of Matsco was mentioned, as was Dental Management Practice Support. The more people we can contact to promote the seminars, the better the foundation will succeed.
A. Silent Auction
The silent auction will be held on Friday, January 24, 2003 in conjunction with the Cain, Watters and Associates Annual Meeting. We have many donations and are hoping to make a significant amount of money on the auction. The Foundation would like to thank Geri Egbert, Kevin Graham and Leslie Maack for donating their time and assistance to making the silent auction a success.
B. Vision Statement
The Vision Statement for the foundation is still a work in progress. Ren Egbert will work on the vision statement to more concisely state the goals of III to I.
C. New Board Members
Since three directors have rotated off the board of directors this year, we have available seats on the board that need to be filled. The following four individuals all meet the qualifications to serve on the board of directors and were added to the slate of directors for the 2003 year: Ron Hawkins, Mike Humphreys, Lynn Pestle and David Woodruff.
Upon motion duly made by Mike Rosenberg and seconded by Roger Nofsinger, the following individuals were all elected as new board members for the 2003 year: Ron Hawkins, Mike Humphreys, Lynn Pestle and David Woodruff.
D. III to I Foundation Website
We have both www.3to1foundation.com and www.3to1foundation.org as websites for the foundation. The foundation would like to thank Kevin Graham for his time and effort in helping us with the website.
E. III to I Foundation Frequently Asked Questions CD
More copies of the III to I Foundations CD were distributed to the board members for them to give to someone in the hopes to encourage their support of the foundation and to become a member.
F. Cosmetic Seminar
We need more participation in the cosmetic seminar that will be held in West Palm Beach, Florida in September and October of 2003. The seminar was postponed last year and we need the support of the board to make it work and to raise money for the foundation. CE credit will be available to attendees and the instructors are all donating their time to the foundation.
The meeting was adjourned at 6:05 p.m.
Kristi Keller, Secretary