From the Treasurer
2013 Treasurerís Report September 03, 2013- December 31, 2013
Total Income 5700.00
Banking supplies*** 22.99
Total Expenses 1750.84
Balance Forward 3949.16
* Challenge Match funds included
**Mailing costs cover everything necessary to ready the newsletter
for mailing: cutting paper to size, folding, applying closure
***Banking supplies: deposit slips
Just two quick reminders:
An anonymous donor has issued a Challenge to our alums: A match,
dollar for dollar to the amount of $1500.00, for any contribution
over and above your annual dues. To qualify for this Challenge
Match, you must place the word Challenge somewhere on your check.
Secondly, we will accept dues for 2014 at any time, but they are due
This is driven by the Internal Revenue Service policy/regulations.
We were incorporated and issued an Employer Identification Number in
July; at that time our fiscal year was July 1 through June30.
According to IRS policy, we were required to file a tax return for
2012, a year in which we did not exist, clearly not possible. The
IRS recommended that we change our fiscal year to run January 1 to
December 31 and we complied. We apologize if this has caused any
Penelope S. Wright C62