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MACA Board Minutes
 MACA Annual Meeting Minutes, May 31, 2021
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Massachusetts Chess Association

Annual Meeting Minutes

May 31, 2021

 

President Oleg Poliannikov called the meeting to order at 9:05 a.m. via Zoom.  

 

Attending: Vice President Steven Winer, Treasurer Robert Messenger, Clerk Andrew Hoy, Directors Jeffrey Caruso, Yi Wang, and Nicholas Sterling, MACA members George Mirijanian, Stephen Dann, Alonzo Ross, Natasha Christiansen, Larry Christiansen, Robert E. King, Dmitri Barash, and Larry Pratt, and former member Bernardo Iglesias.

 

Election Results.  Mr. Caruso presented the elections report.  The following candidates were elected: 

 

President:              Andrew Hoy

Vice President:     Steven Winer

Treasurer:             Robert Messenger

Clerk:                    Jeffrey Caruso

Directors:              Paul Arond, Steven Frymer, Nicholas Sterling, 
Prof. Latanya Sweeney, Yi Wang, Prathiba Yuvarajan, Oleg Poliannikov, and GM Fidel Corrales Jimenez

 

Officers-elect and Directors-elect take up their positions at the end of the Annual Meeting.  An informal motion to “accept” the report was passed 13-0-3.

 

Committee and Officer Reports.  Mr. Messenger presented the Treasurer’s Report and the Membership Report.  Mr. Sterling and Mr. Poliannikov made some remarks in lieu of a Scholastics Committee report, as follows:

 

            Spiegel Cup 2020 Finals and MA Girls’ Championship were held online

            Spiegel Qualifiers 1 & 2 for 2021 were held online May 22-23

            They include HS, 14+U, and 11+U sections but not 8+U

            Spiegel Qualifiers 3 & 4 will be held online June 5-6

            Spiegel Cup 2021 Finals will be held in person at the Boylston Chess Club

Massachusetts Open.  Mr. Poliannikov stated a proposal to hold an over-the-board Massachusetts Open tournament in the fall. There were numerous suggestions and comments from members, including:

·       The Labor Day weekend is normally the time for the New England Open.

·       The Columbus Day weekend is normally the time for a Western Massachusetts Chess Association event.

·       It is possible to use a non-holiday weekend, Friday through Sunday, for the Massachusetts Open.

·       We do not yet know how many people will be comfortable coming to an over-the-board event.

·       The question of whether to require vaccinations is complex. At a minimum we will comply with protocols required by health authorities, the hotel, and our insurance carrier.

 

General Discussion.  Mr. Mirijanian asked how many Board meetings have taken place in the last year. There were between 3 and 5. Mr. Poliannikov committed to posting Board minutes online.

 

Several members questioned the decision to remove the 8+Under section from scholastic events. Mr. Hoy explained that this was a decision taken in February based on our desire to schedule an over-the-board Spiegel Cup Final within the COVID limitations that were in place at the time. 

 

The meeting was adjourned at 9:59 a.m.

 

Minutes written by Jeffrey Caruso, MACA Clerk

 

Report of the Elections Commission

May 31, 2021

 

 

General

 

A total of 111 voters were registered for online voting and 7 for paper ballots. There were two candidates for President and ten candidates for the eight Director positions; all other races were uncontested.

 

Ballots

 

Paper ballots were mailed to voters on April 28 together with printed candidate statements and a self-addressed, stamped ballot return envelope, to be returned by mail by May 28. Since the Massachusetts Open was postponed voters were not able to hand their ballots in directly at the tournament.

 

Online ballot invitations were emailed to voters on May 1, including a link to the online ballot form and a link to candidate statements posted on the masschess.org website. Online voting was enabled between May 1 and May 26 inclusive.

 

Online ballots were tallied by electionrunner.com and published online on May 29 at https://vote.electionrunner.com/election/7Caqg/results  Paper ballots were counted via a recorded Zoom session at noon on May 29 and the combined totals were posted online at masschess.org.

 

Election expenses

 

Election expenses this cycle totaled $46.95, including a $29.00 fee to electionrunner.com for the online portion of the election.

 

 

Voting Results

 

MASSACHUSETTS CHESS ASSOCIATION 2021 ELECTION

 

 

Online

Paper

Total

Registered Voters

111

7

118

 

 

 

 

Ballots Cast

71

4

75

(64%)

 

 

 

 

            President

ANDREW HOY (elected)

56

ROBERT E. KING

17

 

 

 

 

 

 

 

 

Blanks

2

Spoiled ballots

0

Total ballots

75

 

            Vice President

STEVEN WINER (elected)

65

Robert E. King

1

Nicholas Sterling

1

 

 

 

 

Blanks

8

Spoiled ballots

0

Total ballots

75

 

Treasurer

ROBERT MESSENGER (elected)

71

 

 

 

 

Blanks

4

Spoiled ballots

0

Total ballots

75

 

            Clerk

JEFFREY CARUSO (elected)

65

 

 

 

 

Blanks

10

Spoiled ballots

0

Total ballots

75

 


 

            Director (8 positions)

STEVE FRYMER (elected)

66

NICHOLAS STERLING (elected)

65

YI WANG (elected)

54

PAUL AROND (elected)

52

OLEG POLIANNIKOV (elected)

50

LATANYA SWEENEY (elected)

48

PRATHIBA YUVARAJAN (elected)

42

FIDEL CORRALES JIMENEZ (elected)

40

ROBERT E. KING

24

ROBIN KING-FRANKLIN

20

Dmitry Barash

2

Chris Bird

1

Vincent Cammarano

1

Katherine Gasser

1

Paul Mishkin

1

Robert Secino

1

Tom Sifter

1

 

 

 

 

 

 

Blanks

131

Total

600

Valid ballots      (total divided by 8)

75

Spoiled ballots

0

Total ballots

75

 

 

Officers-elect and directors-elect will take up their positions at the end of the annual MACA meeting (May 31).

 

The Commission thanks the Membership Secretary, Webmaster and Web Coordinator for their assistance in this election cycle.

 

 

- Jeffrey Caruso, Chair of the Elections Commission

 

Massachusetts Chess Association  
Consolidated Income Statement  
May 2020 to April 2021  
             
          FY21 FY20
          This Year Last Year
Revenue:          
  Memberships       $482.00  $4 040.00 
  Chess Horizons subscriptions     $0.00  $340.00 
  Chess Horizons sales     $294.80  $0.00 
  Net tournament income     ($1 357.36) $7 953.82 
    Entry fees     $120.00  $40 261.00 
    Entry fee refunds     ($120.00) ($1 515.00)
    Entry fee discounts   $0.00  ($100.00)
    Expenses     ($1 357.36) ($30 692.18)
  Donations       $498.00  $7 875.00 
  Sale of donated books     $10.00  $0.00 
  Interest       $873.48  $968.78 
  Dividends       $837.24  $798.70 
  Realized capital gains     $79.23  $0.00 
  Sale of mailing labels     $47.85  $44.39 
             
  Total revenue       $3 122.60  $52 712.87 
             
Expenses:          
  Chess Horizons     $341.68  $2 697.34 
    Printing     $286.45  $2 340.50 
    Postage     $53.70  $356.84 
    Photocopying     $1.53  $0.00 
  Tournaments       $1 357.36  $30 692.18 
    TD fees     $600.00  $2 615.00 
    Rating fees     $0.00  $889.50 
    TLA fees     $220.00  $423.00 
    Rent     $0.00  $9 717.00 
    TD hotel room     $0.00  $621.04 
    Publicity     $0.00  $997.57 
    Cash prizes     $0.00  $13 070.06 
    Non-cash prizes     $537.36  $2 066.80 
    USCF dues expense   $0.00  $5.00 
    Miscellaneous expenses   $0.00  $287.21 
  Promotion expenses     $0.00  $263.81 
  Internet expenses     $21.17  $155.96 
  Player travel expenses     $0.00  $2 000.00 
  Player development     $1 000.00  $0.00 
  Prison program expenses     $171.32  $0.00 
  Education expenses     $0.00  $185.53 
  Miscellaneous grants expense     $100.00  $0.00 
  Election expenses     $0.00  $53.07 
  Investment expenses     $75.00  $75.00 
  Administrative expenses     $230.93  $948.40 
  PayPal service fees     $19.95  $1 422.64 
  Insurance expense     $240.59  $412.50 
  Affiliation dues       $65.00  $65.00 
  Miscellaneous fees expense     $0.00  $70.00 
             
  Total expenses     $3 623.00  $39 041.43 
             
Net income (loss):       ($500.40) $13 671.44 

 

 

Massachusetts Chess Association
Balance Sheet
As of April 30th 2021
             
ASSETS:            
             
  Cash in savings, Citizens Bank, N.H.     $11 933.18 
    General Fund   $6 246.26   
    Living Memorial Chess Fund $1 471.22   
    Prison Chess Fund   $4 215.70   
  Cash in checking, Citizens Bank, N.H. (General Fund)   $1 914.25 
  Cash in 2nd checking, Citizens Bank, N.H. (Gen Fund)   $346.79 
  Cash in money market, Citizens Bank, N.H.   $19 179.43 
    General Fund   $19 179.43   
  Cash at Citizens Investments (General Fund)   $11 280.94 
  Cash in Vanguard money market     $21 568.37 
    General Fund   $7 674.43   
    Future Year Membership Fund $106.00   
    Living Memorial Chess Fund $3 509.31   
    Hurvitz Trust     $5 139.31   
    Franklin Fund   $5 139.32   
  Long term investments        
    Living Memorial Chess Fund   $40 024.67 
      Cost basis   $15 914.54   
      Gain to market $24 110.13   
  Annuities         $22 828.36 
    General Fund   $7 563.67   
    Life Membership Fund   $13 449.12   
    Hurvitz Trust     $1 815.57   
  Accounts receivable       $839.24 
  Prepaid expenses       $53.85 
  Tournament supplies       $27.33 
             
Total assets:         $129 996.41 
Massachusetts Chess Association
Balance Sheet
As of April 30th 2021
             
LIABILITIES:            
             
  Accounts payable       $5.00 
  Entry fee credits       $102.00 
             
  Total liabilities       $107.00 
             
FUND BALANCES:          
             
  General Fund       $55 019.19 
  Life Membership Fund       $13 449.12 
  Future Year Membership Fund      
    FY22       $64.00 
    FY23       $42.00 
  Living Memorial Chess Fund     $45 005.20 
  Hurvitz Trust, Principal       $6 500.00 
  Hurvitz Trust, Interest       $454.88 
  Franklin Fund, Principal       $5 000.00 
  Franklin Fund, Interest       $139.32 
  Prison Chess Fund       $4 215.70 
             
  Total fund balances       $129 889.41 
             
Total liabilities and fund balances       $129 996.41 

  

 

Massachusetts Chess Association
Special Funds Income Statement
May 2020 to April 2021
             
          FY21 FY20
Revenue:            
             
Life Membership Fund       $490.28  $376.92 
  Interest       $490.28  $376.92 
             
             
Future Year Membership Fund     $56.00  $98.00 
  FY21       $0.00  $90.00 
  FY22       $32.00  $8.00 
  FY23       $24.00  $0.00 
             
Living Memorial Chess Fund     $1 152.78  $1 084.17 
  Donations       $313.00  $225.00 
  Interest       $2.54  $60.47 
  Dividends       $837.24  $798.70 
             
Hurvitz Trust       $78.29  $139.12 
  Interest       $78.29  $139.12 
             
Franklin Fund       $3.54  $88.42 
  Interest       $3.54  $88.42 
             
Prison Chess Fund       $124.38  $2 772.53 
  Donations       $113.96  $2 772.20 
  Sale of donated books     $10.00  $0.00 
  Interest       $0.42  $0.33 
             
Total revenue       $1 905.27  $4 559.16 
             
Massachusetts Chess Association
Special Funds Income Statement
May 2020 to April 2021
             
          FY21 FY20
Expenses:          
             
Life Membership Fund       $800.00  $800.00 
  Transfer to General Fund     $800.00  $800.00 
             
Future Year Membership Fund     $126.00  $127.00 
  FY20       $0.00  $127.00 
  FY21       $126.00  $0.00 
             
Prison Chess Fund       $285.28  $108.20 
  Program expenses     $285.28  $92.20 
  Transfer to General Fund     $0.00  $16.00 
             
Total expenses       $1 211.28  $1 035.20 
             
Net income (loss)       $693.99  $3 523.96 
             
Life Membership Fund       ($309.72) ($423.08)
Future Year Membership Fund     ($70.00) ($29.00)
Living Memorial Chess Fund     $1 152.78  $1 084.17 
Hurvitz Trust       $78.29  $139.12 
Franklin Fund       $3.54  $88.42 
Prison Chess Fund       ($160.90)

$2 664.33 

 

 

Massachusetts Chess Association
General Fund Income Statement
May 2020 to April 2021
             
          FY21 FY20
Revenue:          
  Memberships and subscriptions   $426.00  $4 282.00 
  Transfer from Future Year Membership Fund   $126.00  $127.00 
  Transfer from Life Membership Fund   $800.00  $800.00 
  Transfer from Prison Fund     $0.00  $16.00 
  Chess Horizons sales     $294.80  $0.00 
  Adult tournaments     $0.00  $24 440.00 
  Adult tournament donations     $0.00  $6 050.00 
  Scholastic tournaments     $0.00  $14 206.00 
  Other donations     $185.00  $0.00 
  Interest       $298.41  $303.52 
  Realized capital gains     $79.23  $0.00 
  Sale of mailing labels     $47.85  $44.39 
             
  Total revenue     $2 257.29  $50 268.91 
             
Expenses:          
  Chess Horizons     $341.68  $2 697.34 
  Adult tournaments     $220.00  $22 990.80 
  Scholastic tournaments     $1 137.36  $8 781.38 
  Promotion expenses     $0.00  $263.81 
  Internet expenses     $21.17  $155.96 
  Education expenses     $0.00  $185.53 
  Player development expenses     $1 000.00  $0.00 
  Player travel expenses     $0.00  $2 000.00 
  Miscellaneous grants     $100.00  $0.00 
  Election expenses     $0.00  $53.07 
  Administrative expenses     $230.93  $948.40 
  Investment expenses     $75.00  $75.00 
  PayPal service fees     $19.95  $1 422.64 
  Insurance expense     $240.59  $412.50 
  Miscellaneous expenses     $65.00  $135.00 
             
  Total expenses     $3 451.68  $40 121.43 
             
Net income (loss):       ($1 194.39) $10 147.48 

 

 

Massachusetts Chess Association
Statement of Changes in Fund Balances
May 2020 to April 2021