June 5, 2001: Merrill Lynch Endowment Management Account Service Fund opened. This fund is a complete financial management service for non-profit organizations. Thirty Thousand dollars from NEC Foundation of America was deposited on this date. A checking account and a Visa account were established. One third of the funds are in a money market fund. One third are in a three month CD. The final one third of the funds are in a six month CD.
June 24, 2001:
IIBN maintained an account with Citizens Bank prior to moving funds to the Merrill Lynch non-profit account. The details of these past accounting transactions are available for review.
Cash: $5,986
CDs: $19,970
CMA checking:
6/25: $52.09; returned GPS system to be configured with new Dell laptop: shipping costs
Deposits:
6/13: $115.68 United Way of Saginaw donation to IIBN
6/17: $3,206.91 Citizens Bank account closed and funds moved to the Merrill Lynch Account
VISA Transactions: 6/27: $4,000.00 for GPS system
NEC Foundation Grant Funds Remaining:
Initial Funds: $30,000
GPS and computer purchase: $4,000
NEC Funds: $26,000
Shipping costs for GPS configuration: $52.09
NEC Funds: $25,947.91
Cash: $4,846.00
CDs: $19,991.00
19% of allocations in cash
81% in fixed income
Annual fee and checking costs: $80.15
CMA checking:
7/6: Upgrade Web software: $49.95
7/12: Sendero Group check for GPS system: $4,000.00 (double payment error; this amount was returned)
7/20: Publish 7 booklets for Western Michigan University presentation: $227.50
VISA Transactions: None this month.
NEC Funds: $25,947.91
Software upgrade: $49.95
NEC Funds:$25,897.96
Materials for conferences: $227.50
NEC total: $25,670.46
Cash: $4,846.00
CDs: $20,004.00
19% of allocations in cash
81% in fixed income
CMA checking:
8/31: State of Michigan (annual license to solicit funds): $10.00
VISA Transactions: None this month. June $4,000.00 for GPS is in dispute.
Cash: $14,628.00
CDs: $10,008.00
60% of allocations in cash
40% in fixed income
A three month CD matured and was reissued after this statement.
CMA checking:
9/20: US AIRWAYS: $327.74 (air ticket to SOMA conference for a presentation)
9/24: Agent fee AAA: $10.00 for flight booking
VISA Transactions: None this month. June $4,000.00 for GPS is in dispute (expect resolution by November, 2001).
NEC Total: $25,670.46
SOMA air expense: $327.74
NEC Total: $25,342.72
AAA travel fee: $10.00
NEC Total:$25,332.72
Cash: $8,104.00
CDs: $19,976
28% of allocations in cash
72% in fixed income
Visa:
10/11: Sender Group: $4,000.00 (credit)
10/16: Multicopy printing: $262.75 (printing books for conference handouts)
10/24: Holiday Inn Chattanooga: $219.51 (hotel expense for SOMA conference presentation)
Checking
10/24: SOMA registration fee: $65.00 (.15 check fee)
NEC Total: $25,332.72
SOMA registration: $65.15
NEC Total: $25,267.57
SOMA lodging: $219.51
NEC Total:$25,048.06
Printing costs: $262.75
NEC Total: $24,785.31
Cash: $8,046.00
CDs: $19,982
29% of allocations in cash
71% in fixed income
Visa:
10/12: Doubletree Guest Suites (lunch for blind kids at NFB convention): $50.48
Checking
11/15: Lisa Medina: $35.00 (.15 check fee)
NEC Total: $24,734.83
Grant received from the Citizens Bank McNally Foundation: $2,170.00. Funds allocated as follows:
$1,000.00 for student contracting.
$ 500.00 for administrative costs
$ 670.00 for O'Carolan (blind musicians) Festival and student (Saginaw) sponsored party for VI kids in Michigan (A partnership with the Michigan School for the Blind and Deaf)
Cash: $18,161.00
CDs: $9,988.00
(CD from Hudson United Bank redeemed on 12/12/2001)
(CD from Bluebonnet Savings still active)
65% of allocations in cash
35% in fixed income
Visa:
No Visa transactions in December
Checking:
12/05 Jerry Mader: $35.00
12/17 Lisa Medina: $35.00
12/19 Jerry Mader: $35.00
NEC Foundation of America Total: $24,734.83
Citizens Bank McNally Foundation Total: $2,170.00
Cash: $30,393.00
(CD from Hudson United Bank redeemed on 12/12/2001)
(CD from Bluebonnet redeemed 1/23/02)
100% of allocations in cash
Visa:
No Visa transactions in January
Checking:
No checks written this month
NEC Foundation of America Total: $24,734.83
Citizens Bank McNally Foundation Total: $2,170.00
Operational funds: $3,488.17
Cash: $20,405.00
Purchase: Intermediate Bond Fund: $10,019.00 (value this month)
Total fund value: $30,425.00
Visa:
No Visa transactions in February
Checking:
No checks written this month
NEC Foundation of America Total: $24,734.83
Citizens Bank McNally Foundation Total: $2,170.00
Operational funds: $3,520.17
Cash: $20,434.00
Purchase: Intermediate Bond Fund: $9,931.00 (value this month)
Total fund value: $30,366.00
Visa:
Visa transactions in March
Multicopy Printing: $66.40
Hotel expenses for first seminar (director): $87.00
Car rental for first seminar (director): $221.53 (pro-rated)
Checking:
Check transactions for March:
Airline cost reimbursement Doug Baldwin: $300.00
Ed Piotrowski (Secretarial expenses for conference managing): $1,000.00
Ed Piotrowski: Printing and materials costs: $137.98
Ed Piotrowski: Telephone expenses: $65.00
Income received in March:
Pacific AER: $1,870.00
Dividend: $29.76
Interest: $7.90
Pro-rated reimbursement for car rental: $30.00
NEC Foundation of America Total (remaining funds): $22,856.92
Citizens Bank McNally Foundation Total: $2,170.00
Operational funds (after grant obligations are subtracted): $5,339.08
Cash: $17,329.00
Intermediate Bond Fund: $9,950.00 (value this month)
Total fund value: $27,280.00
Visa:
Visa transactions in April
Multicopy Printing: $122.50
Multicopy Printing: $ 40.00
Kalamazoo conference meal for presenters: $55.64
Hotel expense for IIBN staff: $143.00
Hotel expense for one presenter: $143.00
Register domain name wayfinding.net for two years: $70.00
Checking:
Check transactions for April:
Check # 114: Jim Eccles: $465.00
Check # 115: Dan Kish: $400.00
Check # 117: Bruce Blasch $400.00
Check # 118: Mark Uslan: $485.00
Check # 119: Ed Piotrowski: $1,000.00
Check # 125 Dan Kish: $500.00
Income received in April:
Midwest Regional income: $645.00
Dividend: $26.25
Interest: $8.78
NEC Foundation of America Total (remaining funds): $19,102.78
Citizens Bank McNally Foundation Total: $2,170.00
Operational funds (after grant obligations are subtracted): $5,989.11
Cash: $14,405.00
Intermediate Bond Fund: $9,990.00 (value this month)
Total fund value: $24,395.00
Visa:
Visa transactions in May
ATA Leisure Corp (billing agency for Toronto package): $50.00
Amtrak: $ 42.00 (Ed's train back from Toronto)
Agent Fee: $25.00 (booked rooms and transportation to Toronto International AER Conference)
Checking:
Check transactions for May:
Check # 120: Mike May: $500.00
Check # 121: Jim Dunham: $500.00
Check # 123: Richard Long $500.00
Check # 124: WMU: $168.00
Check # 126: Jim Eccles: $400.00
Check # 127: Bill Crandall: $200.00
Check # 129: Rent-a-Center (pay off Jerry's computer) 576.98 (from McNally grant)
Income received in May:
Dividend: $31.87
Interest: $6.56
NEC Foundation of America Total (remaining funds): $16,717.78
Citizens Bank McNally Foundation Total: $1,593.02.00
Operational funds (after grant obligations are subtracted): $6,085.11
Cash: $13,261.00
Intermediate Bond Fund: $9,996.00 (value this month)
Total fund value: $23,202.00
Visa:
Visa transactions in June
6/12: AER registration fee: $135.00
6/21: AER Toronto hotel and parking expenses for two: $538.00
Checking:
Check transactions for June:
Check # 116: Mike May: $400.00
Check # 128: Lisa Medina: $100.00
Income received in June:
Dividend: $24.31
Interest: $5.27
NEC Foundation of America Total (remaining funds): $15,644.78
Citizens Bank McNally Foundation Total: $1,493.02.00
Operational funds (after grant obligations are subtracted): $6,064.11
Cash: $12,588.00
Intermediate Bond Fund: $9,996.00 (value this month)
Total fund value: $22,549.00
EMA Annual Fee: $80.00
Visa:
Visa transactions in July
None
Checking:
Check transactions for July:
Check 7/11: Mike Mahoney: $620.02
Income received in July:
Dividend: $21.67
Interest: $5.88
NEC Foundation of America Total (remaining funds): $15,644.78
Citizens Bank McNally Foundation Total: $873.00.00
Operational funds (after grant obligations are subtracted): $6,031.22
Cash: $12,239.00
Intermediate Bond Fund: $10,029.00 (value this month)
Total fund value: $22,268.00
Visa:
Visa transactions in August
McDonald and Associates (tax forms): $500.00
Checking:
Check transactions for August:
None
Income received in August:
United Way Contribution: $121.00
Dividend: $24.95
Interest: $4.60
(figures rounded off)
NEC Foundation of America Total (remaining funds): $15,644.00
Citizens Bank McNally Foundation Total: $873.00.00
Operational funds (after grant obligations are subtracted): $5,751.00
Cash: $12,252.00
Intermediate Bond Fund: $10,058.00 (value this month)
Total fund value: $22,311.00
Visa:
Visa transactions in September
None
Checking:
Check transactions for September:
9/16: State of Michigan: $10.00
Income received in September:
Dividend: $19.32
Interest: $4.07
(figures rounded off)
NEC Foundation of America Total (remaining funds): $15,644.00
Citizens Bank McNally Foundation Total: $873.00.00 (these funds are allocated, but the checks have not been cashed to date)
Operational funds (after grant obligations are subtracted): $5,794.00
Cash: $11,439.00
Intermediate Bond Fund: $10,058.00 (value this month)
Total fund value: $21,498.00
Visa:
Visa transactions in October
10/11: agent fee for air tickets: $5.00
10/11: NWA airline tickets for SE regional Conference: $259.00
Checking:
Check transactions for October:
10/04: Michael Mahony: computer training for blind kids: $575.00
Income received in October:
Dividend: $17.62
Interest: $3.44
(figures rounded off)
NEC Foundation of America Total (remaining funds): $15,385.00
Citizens Bank McNally Foundation Total: $298.00
Operational funds (after grant obligations are subtracted): $5,815.00
Cash: $10,144.00
Intermediate Bond Fund: $10,029.00 (value this month)
Total fund value: $20,173.00
Visa:
Visa transactions in November
11/15: HMSHOST MCO AIR Orlando: $18.99
11/18: Hilton Orlando North: $97.90
11/18: Avis Rental Orlando: $201.20
11/21: TLG Travel: $1.00
Checking:
Check transactions for November:
11/25: Ed Piotrowski: Conference organizing: $1,000.00
Income received in November:
Dividend: $22.06
Interest: $2.53
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $14,066.00
Citizens Bank McNally Foundation Total: $298.00
Operational funds (after grant obligations are subtracted): $5,809.00
Cash: $7,471.00
Intermediate Bond Fund: $10,098.00 (value this month)
Total fund value: $17,569.00
Visa:
Visa transactions in December: None
Checking:
Check transactions for December:
12/10: Bruce Blasch: Conference presentation: $ 500.00
12/10: Dan Kish: Conference presentation: $ 700.00
12/16: Bill Crandall: Conference presentation: $ 700.00
12/18: Mike May: Conference presentation: $ 800.00
Income received in December:
Dividend: $25.42
Interest: $1.67
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $11,366
Citizens Bank McNally Foundation Total: $298.00
Operational funds (after grant obligations are subtracted): $5,905.00
Cash: $9,554.00
Intermediate Bond Fund: $10,098.00 (value this month)
Total fund value: $19,652.00
Visa:
Visa transactions in January: None
Checking:
Check transactions for January: None
Income received in January:
McNally Grant: $2,069.00
Dividend: $13.23
Interest: $ .40
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $11,366
Citizens Bank McNally Foundation Total from 2002: $298.00
Citizens Bank McNally Foundation Total for 2003: $2069.00
Operational funds (after grant obligations are subtracted): $5,919.00
Cash: $13,637.00
Intermediate Bond Fund: $10,137.00 (value this month)
Total fund value: $23,774.00
Visa:
Visa transactions in February: None
Checking:
Check transactions for February: None
Income received in February:
SOMA Conference fees: $4,060.00
Dividend: $21.34
Interest: $ 1.00
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $11,366
Citizens Bank McNally Foundation Total from 2002: $298.00
Citizens Bank McNally Foundation Total for 2003: $2069.00
Operational funds (after grant obligations are subtracted): $10,041.00
Cash: $13,381.00
Intermediate Bond Fund: $10,127.00 (value this month)
Total fund value: $23,508.00
Visa:
Visa transactions in March: None
Checking:
Check transactions for March:
3/18: Accessible Computer Solutions: $277.50
Income received in March:
Dividend: $20.60
Interest: $ 1.28
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $11,366
Citizens Bank McNally Foundation Total from 2002: none
Citizens Bank McNally Foundation Total for 2003: $2089.00
Operational funds (after grant obligations are subtracted): $10,053.00
Cash: $12,727.00
Intermediate Bond Fund: $10,147.00 (value this month)
Total fund value: $22,874.00
Visa:
Visa transactions in April: None
Checking:
Check transactions for April:
4/09: Pat McAllister: $500.00
4/23: Accessible Computer Solutions: $175.00
Income received in April:
Dividend: $20.67
Interest: $ .94
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $10,866
Citizens Bank McNally Foundation Total for 2003: $1914.00
Operational funds (after grant obligations are subtracted): $10,094.00
Cash: $12,521.00
Intermediate Bond Fund: $10,186.00 (value this month)
Total fund value: $22,707.00
Visa:
Visa transactions in May: $227.37 to Multicopy Printing for pamphlets, paper, covers, business cards.
Checking:
Check transactions for May: None
Income received in May:
Dividend: $20.20
Interest: $ .94
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $10,866
Citizens Bank McNally Foundation Total for 2003: $1914.00
Operational funds (after grant obligations are subtracted): $9,927.00
Cash: $11,734.00
Intermediate Bond Fund: $10,156.00 (value this month)
Total fund value: $21,891.00
Visa:
Visa transactions in June: $400.00 for doing the 2002 taxes: Tim Crawford CPA
Checking:
Check transactions for June:
6/18: Accessible Computer Solutions: $407.00 for Lisa's computer training (from Mc Nally Grant)
Income received in June:
Dividend: $19.80
Interest: $ .95
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $10,866
Citizens Bank McNally Foundation Total for 2003: $1507.00
Operational funds (after grant obligations are subtracted): $9,518.00
Cash: $11,501.00
Intermediate Bond Fund: $10,058.00 (value this month)
Total fund value: $21,559.00
Visa:
Visa transactions in July: None
Checking:
Check transactions for July:
Annual fund fee:$80.00
7/14: Accessible Computer Solutions: $100.00 for Lisa's computer training (from Mc Nally Grant)
7/28: ACVREP fee: $75.00 to provide certification credits for conferences (NEC grant)
Income received in July:
Dividend: $20.73
Interest: $ .93
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $10,791.00
Citizens Bank McNally Foundation Total for 2003: $1407.00
Operational funds (after grant obligations are subtracted): $9,361.00
Cash: $11,371.00
Intermediate Bond Fund: $10,039.00 (value this month)
Total fund value: $21,410.00
Visa:
Visa transactions in August:
8/13: $300.00 Best Western Monterey California (to hold rooms for the Southwest regional (NEC grant)
Checking:
Check transactions for August: None
Income received in August:
Dividend: $21.07
Interest: $ .87
United Way donation: $148.00
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $10,491.00
Citizens Bank McNally Foundation Total for 2003: $1407.00
Operational funds (after grant obligations are subtracted): $9,512.00
Cash: $20,244.00
Intermediate Bond Fund: (redeemed this month)
Total fund value: $20,244.00
Visa:
Visa transactions in September:
9/04: $1,225.98.00 AIBO purchase
Checking:
Check transactions for September: None
Income received in September:
Dividend: $19.93
Interest: $ .92
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $10,491.00
Citizens Bank McNally Foundation Total for 2003: $1407.00
Operational funds (after grant obligations are subtracted): $8,346.00
Cash: $18,300.00
Total fund value: $18,300.00
Visa:
Visa transactions in October:
10/16: Glastonbury (electronics set up): $774.00
10/20: NWA: (ticket agent) $10.00
10/20: NWA: (Ed's ticket): $510.00
10/20: NWA: (Doug's ticket): $372.00
10/27: Register.com (domain name): $99.95
10/31: Best Western (room expense):$170.00
Checking:
Check transactions for October:
10/01: State of Michigan: $10.00
Income received in October:
10/01: Glastonbury reimbursement: $774.00
10/20: Conference reimbusement: $9.00
10/27: Conference Deposits: $892.00
Dividend: $1.27
Interest: $ 1.58
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $9,429.00
Citizens Bank McNally Foundation Total for 2003: $1407.00
Operational funds (after grant obligations are subtracted): $7,454.00
Cash: $11,019.00
Total fund value: $11,019.00
Visa: $2,514.35
Visa transactions in November:
11/03: Multicopy Printing: $243.35.00
11/10: Best Western Monterey: 156.97
11/10: Best Western Monterey: 314.69
11/10: Best Western Monterey: 313.94
11/10: Best Western Monterey: 374.11
11/10: Best Western Monterey: 156.97
11/10: Hertz car rental Monterey: 180.32
11/14: Glastonbury Tech support: 774.00
Checking: $5,502.50
Check transactions for November:
11/06: Dan Kish: $2,065
11/03: Mich State University (listserve): $100.00
11/24: Ed Piotrowski: $1,100.00
11/24: Mike May: $1,100.00
11/26: Dan Kish: $700.00
11/20 ACS: $437.50
Income received in November:
11/14: Conference deposits: $735.00
Interest: $ 1.07
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $4,015.00
Citizens Bank McNally Foundation Total for 2003: $970.00
Operational funds (after grant obligations are subtracted): $6,034.00
Cash: $11,622.00
Total fund value: $11,622.00
Visa transactions in December: None
Checking: $350.00
Check transactions for December:
12/03 Jerry Kuns: $350.00
Income received in December:
12/15: McNally Grant: $952.00
Interest: $ 1.38
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,665.00
Citizens Bank McNally Foundation Total for 2003: $970.00
Citizens Bank McNally Foundation Total for Millet center project 2003/04: $952.00
Operational funds (after grant obligations are subtracted): $6,035.00
Cash: $11,82.00
Total fund value: $11,180.00
Visa transactions in January: None
Checking: $443.27
Check transactions for January:
1/27 Target: $296.86.
1/28 Home Depot $112.47
1/30 Joanns $33.94
Income received in January:
Interest: $ 1.86
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,665.00
Citizens Bank McNally Foundation Total for 2003: $970.00
Citizens Bank McNally Foundation Total for Millet center project 2003/04: $508.73
Operational funds (after grant obligations are subtracted): $6,037.00
Cash: $10,658.00
Total fund value: $10,658.00
Visa transactions in February: None
Checking: $600.00
Check transactions for February:
2/09: Ck 150 Ione Fine: $600.00
Income received in February:
Donation: $36.00
Interest: $ 1.62
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,065.00
Citizens Bank McNally Foundation Total for 2003: $970.00
Citizens Bank McNally Foundation Total for Millet center project 2003/04: $508.73
Operational funds (after grant obligations are subtracted): $6,115.00
Cash: $9,683.00
Total fund value: $9,683.00
Visa transactions in March:
3/15: Tim Crawford CPA (2003 tax filing): $400.00
Checking: $576.29
Check transactions for March:
3/02: Wahlfeils: $281.29
3/31: Accessible Computer Solutions: $295.00
Income received in March:
Donation: $42.00
Interest: $ 1.80
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,065.00
Citizens Bank McNally Foundation Total for 2003: $675.00
Citizens Bank McNally Foundation Total for Millet center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $5,716.00
Cash: $9,720.00
Total fund value: $9,720.00
Visa transactions in April: $400.00
Check transactions for April: None
Income received in April:
Interest: $ 1.56
Donation: $35.00
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,065.00
Citizens Bank McNally Foundation Total for 2003: $675.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $5,753.00
Cash: $9,691.00
Total fund value: $9,691.00
Visa transactions in May: None:
Check transactions for May: $30.00 Michigan State University (listserve expense)
Income received in May:
Interest: $ 1.46
Donation: None
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,065.00
Citizens Bank McNally Foundation Total for 2003: $675.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $5,724.00
Cash: $9,693.00
Total fund value: $9,693.00
Visa transactions in June: None:
Check transactions for June: None
Income received in June:
Interest: $ 1.71
Donations: None
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,065.00
Citizens Bank McNally Foundation Total for 2003: $675.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $5,726.00
Cash: $9,519.00
Total fund value: $9,519.00
Funds were tranferred to the firm of Smith Barney this month. In the transfer process no details were provided. There were no substantial changes to the account.
Visa transactions in July: None:
Check transactions for July: None
Transfer fees:
EMA Annual: $80.00
ACCT Transfer fee: $95.00
Income received in June:
Interest: $ 1.03
Donations: None
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,065.00
Citizens Bank McNally Foundation Total for 2003: $675.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $5,519.00
Cash: $9,442.00
Total fund value: $9,442.00
Visa transactions in August: None:
Check transactions for August: None
Transfer fees:
ACCT Transfer fee: $92.50
Income received in August:
Interest: 1.70$
Donations: None
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,065.00
Citizens Bank McNally Foundation Total for 2003: $675.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $5,475.00
Cash: $9,512.41.00
Total fund value: $9,519.20.00
Visa transactions in September: None:
Check transactions for September: None
Income received in September
Interest/Dividends: $8.24
Donations: None
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $3,065.00
Citizens Bank McNally Foundation Total for 2003: $675.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $5,551.76
Cash: $.00
Total fund value: $.00
Visa transactions in October: None:
Check transactions for October: None
Income received in October
Interest: $
Donations: None
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $.00
Citizens Bank McNally Foundation Total for 2003: $.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $.00
Cash: $4,523.940
Certificate of deposit: $14,966.25 (NEC of America grant plus $$3,000 from last NEC grant; plus $2,000 from operating funds)
Total fund value: $19,490.19
Visa transactions in November: None:
Check transactions for November: None
Income received in November
Interest: $2.47
NEC Foundation of America grant $10,000.00
Donations: None
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $.15,000.00
Citizens Bank McNally Foundation Total for 2003: $675.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $3,587.73.00
Cash: $7.435.02
Total fund value: $22,394.82.00
Visa transactions in December: None:
Check transactions for December: None
Income received in December
Interest/dividends: 11.08$
McBally grant: $2,900.00
Donations: None
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $15,000.00
Citizens Bank McNally Foundation Total for 2003: $3,575.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $3,592.38
Cash: $.00
Total fund value: $.00
Visa transactions in January: None:
Check transactions for January: None
Income received in January
Interest: $
Donations: None
(figures rounded off; 15 cent check charges not factored in)
NEC Foundation of America Total (remaining funds): $.00
Citizens Bank McNally Foundation Total for 2003: $.00
Citizens Bank McNally Foundation Total for Millet Center project 2003/04: $227.44
Operational funds (after grant obligations are subtracted): $.00
The Margaret McNally Foundation has limited funds available from dividend and interest accounts at the end of each fiscal year. These funds are distributed to non-profit agencies, usually in amounts less than the grant proposals (as in our case each year except 1998). The agencies receiving the grants must then decide which of their target priorities to designate the limited funds toward. IIBN uses the funds to purchase advanced technologies (if sufficient funds are available), for stipends for blind children who work for the Institute, for repair and maintenance costs for the technologies (shipping, postage, customs fees also), and for administrative needs (brochures, letterheads, folders, etc.).
Pathfinder : $1,755.00
Pathfinder repair: $30.00
Total spent: $1,785.00
Remaining funds: $1,215 (funds now available for future repairs, administrative expenses, purchase of additional technologies, and/or salaries for blind children). These funds were moved into operating funds in 2000. Grant complete.
1) The directors salary is totally inkind. IIBN does not reimburse the director, who serves in a voluntary capacity for the non-profit. The director is paid as the orientation and mobility specialist for the Saginaw Intermediate School System (a public school). Inkind amount is approximately $70,000 per year.
2) Office space for IIBN is donated by the Special Needs Vision Clinic, a United Way of Saginaw, Lions International agency located at the Millet Learning Center in Bridgeport, Michigan. The inkind contribution for this space is approximately $4,000 per year ( a very conservative estimate).
3) Utilities, including telephone, voice mail, cell phone, lights, heating, cooling, water, and electrical are all provided by the Intermediate School System. Approximate inkind value is $3,000 yearly.
4) Secretarial support for IIBN is provided by the Intermediate School District of Saginaw, and by the Special Needs Vision Clinic.
5) The Intermediate School System has purchased technologies for IIBN, including:
Kaspa (a second one): $3,000.00
IIBN laptop $2,000.00
Video webcam $100.00
Software: $500.00
MiniGuide $200.00
Total inkind estimate to date for technologies: $5,800.00