110th Annual Meeting. Welcome!

Transcription

1 110th Annual Meeting Welcome!

2 MEETING AGENDA: 1. Call to Order and Prayer 2. Determination of a Quorum Ruth Mueller-Maerki 3. Annual Report Chris Johnson, Ross Fraser & Michael Nixon 5. Elections Stanley Ackert III POST MEETING PROGRAM: Membership Survey that evolved from our Visioning from last year. 1) Report on results of our membership survey - Susan Chute 2) Group discussions on issues affecting our club's future Closing Remarks Lisa Chin

3 Founded in 1908 Annual Report 2017 Re-envisioning Our Club s Future

4 is a fellowship of lay women and men from around the United States. Since 1908, we have come together in support of our beloved Cathedral and its programs. Tour of North Transcept 2017 All Saints Supper In addition to fellowship opportunities and providing a voice to laity in Cathedral affairs, we raise money and manage a million dollar fund from which we make periodic capital grants to the Cathedral. We also hold educational programs which promote the Cathedral s values and illuminate its history, ultimately hoping to see its construction completed. is a tax exempt corporation under section 501(c)(3) of the Internal Revenue Code. Donations are tax deductible to the extent allowed by law. Corporate Address; 1047 Amsterdam Ave., New York, NY 10025

5 Message from the President 2017 was a planning year. A time for asking questions. With your help, we have completed our Membership Survey and will use it to plan a Laymen s Club for the 21st Century. We started by asking questions; What is the role of Club in a changing Cathedral environment? How can we make joining the Club more attractive to people What kind of events should we hold and how often? How can members participate more? How should we spend/raise our funds? After 110 years, it never hurts to revisit the basics. During this Annual Meeting, we will hear from our Survey Task Force, to learn the survey results. Visioning is an ongoing process. Since our Cathedral could be here a thousand years from now, the support from should last just as long. And the questions about how we can help will never stop. All in all, the state of the club is healthy and our role in the Cathedral s work is strong. Floreat cathedra! Christopher L. Johnson

6 Treasurer s Report The Operating Budget includes dues, event revenue, and administrative and event expenses. This budget is separate from the Capital Budget which addresses the invested funds reserved for capital contributions to the Cathedral. As you can see, the operating budget is very small this year due to limited events. Due to declining attendance recently, your Board of Governors decided to include a review of events in the membership survey process. Revenue 2017 Operating Budget actual Expenses Dues $ 5, Event Fees $ 1, $ 6, Administration $ 3, Event Exp. $ 2, $ 5, Net $ We expect a new series of redesigned events will be forthcoming in the new year.

7 Treasurer s Report (continued) The Capital Budget allows us to plan periodic capital grants to the Cathedral from our investment fund. Last year, the Board of Governors elected to raise our annual guideline for Expenditures & Gifts to 5% of the total fair market value of the Fund using a rolling 12 quarter value. This represents an increase from 3% in prior years. Our last large project, the restoration of the Grand Staircase, was enabled by a multi-year use of the capital budget, and took most of the monies from Using the membership survey results as input, the Board will continue to work with our staff partners and our Dean to identify new project opportunities Capital Budget actual Source Grants Net From TIAA-CREF (5%) $ 44, Final Staircase Tranche ($ 32,321.00^^) (rolled over into 2018) $ 12,333.00** ** already partially earmarked for Choir Desks ^^Staircase project multi year allocation: 2014 $ 7,500 rollover ,848 rollover ,331 full amount ,321 partial amount Total $116,000.00

8 Project Grants to The Cathedral Because the Grand Staircase Restoration absorbed so much of the budget in recent years, we haven t had any other big projects. There was just $12k left over in the 2017 capital budget, and your board earmarked it for a project for the music department. In September 2017, Kent Tritle, the Director of Cathedral Music, approached our Club for a grant of $7000 to purchase some badly-needed desks for our choir. This custom made furniture (examples shown in photo) will match the style and staining of the woodwork of the Great Choir. They should enhance the appearance and function of the choir during services, and would be the first significant augmentation to the Great Choir in living memory. Your Board of Governors agreed. In fact, our very first Cathedral grant, in 1910, was for additions to the Great Choir woodwork, providing the seating for the Dean and Chapter. Further, in the late 1930s, the club gave about $100,000 ($1.8 million in today s money) to the Choir and Sanctuary fund, to help complete Ralph Adams Cram s work there. So, it is appropriate that we continue support of this worship space, especially the Cathedral s music program, which is so vital to our encountering God in ways mere words would never achieve.

9 Investment Committee TIAA-CREF Financial Services are our investment managers for the fund, which has been accumulating over the years from legacy gifts. Portfolio Value (12/31/17) $994, (after staircase grant) Growth Performance 12 mo (vs YE 2016) = 11.3% Since June 2012 = 7.9%/yr IPS goal = $6.5%/yr Your board continues to be satisfied that the fund is properly invested and managed.

10 Officers Christopher L. Johnson President Ruth Mueller-Maerki Recording Secretary Timothy Dwyer Corresponding Secretary Ross Fraser Treasurer Lisa Chin President Elect Thanks to our 2017 Leadership Team Board of Governors William Cassarini * Lisa J. Chin Susan L. Chute Timothy Dwyer * Aili Flint Ross Fraser * Christopher L. Johnson * George Kooney Michael E. Lawrence Meryl Beth Marcus Ruth Mueller-Maerki * Michael Nixon * Charles R. Roberts John Rumely * Bill Schneberger Kyoko Toyama Richard S. Whaley * * terms expiring in 2018

11 ELECTION CANDIDATES We are electing 3 persons to be officers (2 year terms) and 4 persons to become Governors (3 year terms) Officers Treasurer George Kooney Trinity, Cliffside Park, NJ Corr. Secy John Rumely Cong. of St. Saviour Rec. Secy Ruth Mueller-Maerki Cong. of St. Saviour Governors Tim Dwyer Cong. of St. Saviour Michael Nixon Cong. of St. Saviour George Morrison St. John s, Getty s Sq. Yonkers, NY This slate was recommended by the Nominating Committee and approved by the Board of Governors. Todd Moffett Christ Episc. Church Susquehanna, PA

12 VISIONING AND MEMBERSHIP SURVEY TIMELINE Thanks to all who participated in it s conception, development and implementation. Now, we get to hear the results!

13 POST MEETING PROGRAM: Membership Survey that evolved from our Visioning from last year. 1) Report on results of our membership survey - Susan Chute 2) Group discussions on issues affecting our club's future Closing Remarks Lisa Chin, our new President!