An open letter to QOVF.
I’m Confused
No really, the latest from QOVF Leadership indicates that
the Group Fees will increase from $30 to $75 (150%) and that a Group Members
Annual Fee will increase from $5 to $15. Which translates to a 2 Member Group
Fee increasing 162.5%. Meaning, an individual Group Member will sustain a 200%
increase in their dues. As explained; to cover the increase in operation of the
Foundation.
With the Cost of Living Adjustment for 2020 being 2.8%,
the Social Security Bump being only 1.6%, or 1.2% below the rise in the Cost of
Living and for those still paying SS tax, an increase of 3.6%, an increase for
many of nearly $300 more per year in SS Taxes. It’s hard for me to believe the
operating costs of the Quilts of Valor Foundation can justify an increase of
10% not to mention at least 150%.
In 2017, to keep it simple:
QOVF Total Assets at the beginning of the year totaled
$361,618.
End of Year, $533,916.
Total 2017 Liabilities at the End of Year were $10,573.
Total Revenue was $830,492
Total Expenses were $659,321 or
Revenue less expenses of $171,165.
End of Year Assets were reported as $524,057.
Am I off base in assuming QOVF is solvent?
2018, to keep it even simpler:
Total Assets End of Year $693,465
Total Liabilities $11,483
Reporting End of Year Assets at $681,982
It was interesting to see the Salaries, other
compensation and employee benefits increase from 2017, $15,041 to $109,444 in
2018.
More interesting though is that Revenue from dues between
2017 and 2018 increased by 1.53%. Contributions, gifts and grants increased by
7.65% and Total Revenue from 2017 to 2018 increased by 5.5%.
So in an effort for me to understand the need for an
increase of 150% per Group, 162.5% for a 2 person Group to continue to function
and a 200% increase for a Group Member to maintain their Volunteer Member
Status would someone from leadership please indicate the percentage of increase
for each of the following categories stipulated by the current Executive
Director in her e-mail that has created the need to seek even more from those
that contribute the most. The Volunteer Members, now over 11,000.
“*There are costs to conduct business, even
non-profit business. We support groups and do not bill each group for their
portion of the cost for the following:” Tammany McDaniel, Executive Director
Please note…the stipulation was made that the
following categories as listed by The Executive Director is what justified the
need to develop a membership base to offset these costs and make it possible
for Groups to maintain the total of their funds raised to purchase authorized goods and supplies to craft QOV’s. What
exactly did the $81,121 from dues cover last year? Have those expenses
increased by at least 150% since 2014? Personally I don’t think so.
-The permission to raise funds in our name
-General liability for meetings and events
-Trademark/Registered Marks use
-Banking and accounting is paid for at the
national level with no flow-down of group itemized costs
-Marketing materials
-Wholesale products for your fundraising
-Fundraising organization and (increasing)
support
-IRS and state audits
-Annual federal and state non-profit filings
-Where required, a 501(c)(3) in each state
-Where required a license to solicit funds in
each state
-Software and system databases
-Leadership Training and Support (increasing).
At the same time can someone answer.
Who is seeking out celebrity endorsements?
Who is writing Grant Proposals?
Has someone in leadership even sought out someone to
write proposals?
Who is actively seeking Corporate Sponsorships? (Not to
be confused with Partnerships.)
Who is actively seeking volunteer and membership relations
with industry to pass on material and supply discounts and benefits of quilting
products?
Is it time for the Quills of Valor Foundation to adopt a
democratic system with membership voting rights?
Les Page #9029
Volunteer Member since 2014
Volunteer Since 2009
Volunteer Member Longarmer since 2012
Former State Coordinator and Executive Staff Member
…and one very confused and frustrated individual
concerned about those that have yet to receive a Quilt of Valor and how this
type, of yet to be justified increase, will affect the future of our Mission and
the future of the Quilts of Valor Foundation and it’s membership base.
No comments:
Post a Comment