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Sep/Oct 2005 - Korean War Veterans Association

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KOREAN WAR VETERANS ASSOCIATION INCORPORATED<br />

APPROVED BUDGET FOR 2006<br />

1 JANUARY 2006 THROUGH 31 DECEMBER 2006<br />

BUSINESS<br />

INCOME:<br />

DUES $250,000.00<br />

CONTRIBUTIONS GRAYBEARDS 3,000.00<br />

AFFINITY FEES 2,000.00<br />

MISCELLANEOUS DONATIONS 200.00<br />

GRAYBEARDS ADVERTISING 1,900.00<br />

DIVIDEND INTEREST 15,000.00<br />

TOTAL INCOME $272,100.00<br />

INCOME FROM FUND RAISING $94,000.00<br />

TOTAL COMBINED INCOME $366,100.00<br />

EXPENSES:<br />

PROFESSIONAL SERVICES<br />

ACCOUNTING FEES $7,000.00<br />

LEGAL FEES 6,000.00<br />

TOTAL PROFESSIONAL FEES $13,000.00<br />

GRAYBEARDS MAGAZINE (SIX ISSUES)<br />

EDITING $12,000.00<br />

PRINTING/PUBLISHING 108,000.00<br />

POSTAGE 35,000.00<br />

TOTAL GRAYBEARDS EXPENSE $155,000.00<br />

MEMBERSHIP OFFICE<br />

SECRETARIAL SERVICE $18,000.00<br />

TELEPHONE 5,000.00<br />

POSTAGE 11,000.00<br />

MEMBERSHIP CARDS & SUPPLIES 3,000.00<br />

NEWSLETTER 5,000.00<br />

TOTAL MEMBERSHIP OFFICE $42,000.00<br />

MEETINGS AND CONVENTIONS<br />

TRAVEL (Directors, Officers and essential others) $65,000.00<br />

RECORDER 2,100.00<br />

HOTEL CHARGES (Misc. Copying, Faxing etc.) 1,500.00<br />

TOTAL MEETING AND CONVENTION $68,600.00<br />

ELECTIONS (All Expenses required for the process) $10,000.00<br />

TRAVEL<br />

PRESIDENT (1ST Vice & 2nd Vice as necessary) $15,000.00<br />

CHAPTER DEVELOPMENT 1,000.00<br />

TOTAL TRAVEL $16,000.00<br />

TELEPHONE/ SUPPLIES AND POSTAGE:<br />

SUPPLIES $1,000.00<br />

OFFICE OF THE PRESIDENT 6,000.00<br />

OTHER 2,000.00<br />

TOTAL TELEPHONE SUPPLIES &POSTAGE $9,000.00<br />

BANK CHARGES $2,100.00<br />

WEBSITE $18,000.00<br />

DONATIONS, COLLEGES, VETS ORG $6,000.00<br />

INSURANCE $16,000.00<br />

MISCELLANEOUS EXPENSES:<br />

CHAPTER FORMATION $700.00<br />

HEADQUARTERS EXPENSE 1,500.00<br />

REIMBURSED EXPENSES 1,000.00<br />

TOTAL MISCELLANEOUS EXPENSES $3,200.00<br />

CREDIT CARD EXPENSE (PROCESSING expense) $100.00<br />

VSVA REPRESENTATIVE $300.00<br />

VSO AND LEGISLATIVE DIRECTOR $3,000.00<br />

RECRUITING TASK FORCE $3,000.00<br />

TELL AMERICA PROGRAM $500.00<br />

BY LAWS AND PROCEDURE MANUAL TASKS $300.00<br />

TOTAL 2006 EXPENSES $366,100.00<br />

TOTAL 2006 INCOME $366,100.00<br />

Tell America Program<br />

In Appreciation...<br />

January 14, <strong>2005</strong><br />

Mr. Fred Shively<br />

415 East Walnut Street<br />

Covington, OH 45318<br />

Mr. Ken Williamson<br />

2861 St. Rt. 48<br />

Ludlow Falls, OH 45339<br />

Dear Sirs,<br />

I am sorry it has taken me so long to write. However, the tardiness<br />

of this letter is not meant to be any less sincere.<br />

On behalf of the students and staff at Versailles High School, I wish<br />

to thank you. Thank you for your time, energy, and compelling<br />

<strong>Veterans</strong> Day Program. Your presentation was extremely educational<br />

and informative. The humanistic approach you took teaching the students<br />

“How to Identify a Veteran” and the sharing of your true life<br />

experiences was extremely impactive.<br />

You gentlemen have dedicated and for a time risked your lives for the<br />

citizens of the United States. Nothing but a special place in heaven<br />

can ever reward you or thank you for your service<br />

God Bless,<br />

Timothy J. Whitestone, Principal<br />

Versailles High School<br />

13<br />

The Graybeards <strong>Sep</strong>tember - <strong>Oct</strong>ober <strong>2005</strong>

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