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January 2007 AAJA
meeting minutes Jan. 28, 2007 In attendance: Tom Lee, Lewis Leung, Mary Tan, Nancy Yang Absent:William Sabalburo Tardy: Nancy Ngo NEXT MEETING: Noon, Feb. 18 at Chang Bang Taste of AAJA: §
Total income: $8,776.40 §
Total expenses: $2,357.19 § Net: $6,419.21 § Costs exceeded budget but the profit was also higher than expected. § Silent auction brought in 40 items, brought in about $3,000. Silent auction is key to the money-making process. § From Laura: suite tickets are money generators and brought in the most money. § Created a spreadsheet of who bought what, who contributed what, continue to do this in the future. § Helpful to ask donors for suggested value; some items may have been marked too low. § End taste earlier; few people want to wait until the end to find out if they won. § From Allie: Corporate sponsorship was a huge hit. § Layout and flow of the event improved from previous years. § Programs and fliers looked professional § Things that did not work: Invitations, event should end earlier, didn’t set clear goals and set clear budget. § Should we continue to have it at Weisman? They have added several new rules since the last time we held the event. If we don’t, we will need to find another space that will give us room f or free. § Sale of tickets (about 100) covered the cost of the event. § Corporate sponsorship and individual donations will be key as well. § Next year develop a corporate sponsorship hit list and get a start on asking early. Same with restaurants. § We need to have a talk with Weisman management: Event staff was rude, did not get back to us in a timely manner and parking staff put up a “full” sign in the ramp, turning away attendees. § Consider holding it earlier in the year, spring or fall. Budget: §
Currently have $43,757 in our bank. §
$15K in CD, $28K in checking – with the amount there we
should move some of it to a high-yield savings or a mutual fund. §
Subtract the 2007 budget and split the remaining among
a savings and mutual fund or index fund. Vanguard fund with the S&P 500. §
2007 budget: $11,450
§
Lewis will update us on the investment and savings in
the next meeting. §
From Nancy Ngo: National endowment campaign has been extended
indefinitely until they raise the $2 million they need; so far they have raised
$1.1 million. §
Nancy Ngo: We could consider organizing a swag sale at
each of our newsrooms (similar to PiPress ones) and have the money go to AAJA
(easy fundraisers each year). Student rep appointments: § William has served for one year. § Emma Carew has expressed interest in serving a term. § Board will ask Emma to serve as the 2007 student rep. Goals for 2007: §
From Mary: We need to have a fundraiser but it must be
low-key. We can have a karaoke/poker/journalist talent night. We could get PIOs
to be judges.
§
Milk carton boat race this year? We can get Vikings sponsorship
again, likely. §
Tom: TCBJ does a lot of outreach programming (Toy drive,
school supplies drive). Can AAJA do something similar things, such as giving scholarship(s)
to high school students pursuing journalism?
§
Lewis: Can we do a mixer to encourage members to come?
Perhaps a potluck?
New owners of Strib and PiPress: §
From Tom: The loss of support is immeasurable – we went
from Knight Ridder and McClatchy (two of the biggest diversity sponsors) to MediaNews
and a private equity firm. We have to reach out to the new owners. §
Nancy Ngo: We can coordinate with national to see what
they are doing. §
Tom: Neal brought up that he noticed a large exodus of
Asians at the Strib in the last year, he wanted to meet with Scott to discuss
this. Once the sale closes, we should approach the owners in April/May and invite
them to meet with us. Scholarship lunch: §
12:30 p.m. Feb.14 at the University of Minnesota. NEXT MEETING AGENDA: Noon, Feb. 18 at Chang Bang § Mixer info § Financial investments |
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