DRAFT
MACA Board Minutes of May 14, 2001
The
meeting was called to order at 7:40 pm by Vice President Mark Kaprielian at the
Kennedy Senior Center. Attending
were: Mark Kaprielian, Robert
Messenger, William Gennert, Michael Hoffpauir, Robert King and Peter Lee. Board candidate Anthony Gavelis was also
present. Board members Steven Frymer
and Gilbert Gosselin joined the meeting at 7:50 pm and 8:20 pm
respectively.
Motion
0174: (Messenger moved, Hoffpauir
seconded) The minutes for the Board meeting on April 9, 2001 were approved
without dissent.
Treasurer
Robert Messenger discussed his reports on MACA’s finances as of April 30,
2001. The highlights were 1) a $2,650. profit from Scholastics
tournaments and the USCF grant of $1,102. in State Affiliate Support that
contributed to a $2,238. profit for April,
2) little change in the Special
Funds Income Statement, as seen in the income total of $268. and total fund
balances of $48,808., and 3) a Balance Sheet showing some cash inflow but
continuing liabilities, i.e. the General Fund’s balance of $251. and $8,800.
owed to the Life Membership Fund.
Tournament
Coordinator Steven Frymer reported that enough hotel reservations had been made
to eliminate any rent charges for the Mass. Open. A final count of tournament entrants was not yet available. There was some discussion of the pros and
cons of having tournament sites farther away from Boston. As of this meeting, in spite of Steve’s
several inquiries, USCF had not notified us of its financial agreement with
MACA for the U.S. Open in August.
Scholastics
Coordinator Michael Hoffpauir had submitted the names of Eugene Yanoyt as champion and Kent Leung to
USCF for the Denker tournament. He said
that establishing the dates for next year’s tournament cycle was of primary
importance.
Mark
Kaprielian stated that membership totals have been steady. with a recent
increase from Scholastics. In response
to a question about verifying the current status of Life members, it was
suggested that their names be listed in Chess Horizons so that members could
provide information about any changes.
As
Election Commissioner, Michael Hoffpauir mentioned the cost of mailing ballots
($138.) and that 10% of the ballots had been received. The envelopes will be opened at the Mass.
Open where volunteers will count the votes.
In
his Investment Committee report Robert Messenger noted that Peter Lee and he
were still trying to determine the experience of the individual stocks, bonds,
etc. in MACA’s portfolio. Reinvested
dividends have complicated this process.
Gus Gosselin offered to provide the basic information on the history of
our investments.
Bob
is also continuing to investigate the feasibility of finalizing our agreement
with BanCard. Their requirement
regarding withdrawal rights has raised some questions and would probably
necessitate our setting up a separate account for these transactions.
The
question of how to fund Chess Horizons magazine from membership dues, rather
than other sources, will be on the agenda for the incoming Board. The continuing objective of locating a less
expensive printer was also mentioned.
Robert
King’s suggested amendment of Section 4.2 of the bylaws to establish a fixed
number of Directors was not sent to all members within the time requirements
for this annual meeting. This
prospective change will therefore have to be initiated at a later date. Michael Hoffpauir agreed to draft the agenda
for the annual meeting on May 27.
Mike
had suggested that the Board provide MACA’s USCF delegates with suggestions
regarding issues for their meeting’s agenda.
The deadline for submitting any motions is June 1, 2001. The ensuing discussion centered on USCF not
being responsive to our concerns and not answering questions in a timely
manner. A list of the Board’s
suggestions and concerns will be prepared by Michael Hoffpauir so that our
delegates can be advised accordingly.
Because
of another commitment Robert King asked that the date for the next Board
meeting be changed. Motion
0175: (King moved, Frymer
seconded) The motion that the next
Board meeting will be held on Wednesday, June 13, was passed without
dissent.
The
Board had been advised that James DuBois of Peru, Maine, had volunteered to
fill the vacancy of Club Coordinator.
Mark Kaprielian will contact the parties concerned for more information.
The
Board discussed the possibility for financial support for Max Enkin and Noah
Pang as participants in the Pan American Youth Festival tournament in
Argentina. Any decision was complicated
by the fact that Max will receive assistance from USCF while Noah, as an
alternate, will not. Motion
0176: (Hoffpauir moved, Frymer
seconded) The motion that MACA direct
Gus Gosselin to provide $150. from the Living Memorial Chess Fund to support
Noah Pang’s participation in the Pan American Youth Festival tournament, with
the stipulation that he provide a Chess Horizons article about his experience,
was passed without dissent. It was
noted that, to be tax-deductible, checks for voluntary contributions to Max or Noah
should be made payable to MACA, c/o Robert Messenger, Treasurer.
The
meeting was adjourned at 9:55 p.m.
The
next meeting is scheduled for Wednesday, June 13, 2001, starting at 7:30 p.m.
at the Kennedy Senior Center.
William R. Gennert
Clerk