[Kzyxtalk] KZYX - "a significant deficit"

[sako4 at comcast.net]

Nice! 

BTW, I always thought that "SM" stood for "Stuart's Mommy". 

----- Original Message -----

From: "Scott Peterson" <scottmartinpeterson at hotmail.com> 
To: "kzyxtalk" <kzyxtalk at lists.mcn.org> 
Sent: Thursday, June 9, 2016 11:51:57 PM 
Subject: [Kzyxtalk] KZYX - "a significant deficit" 

Dear Mr./Mrs. SM, 


I just found a quote from a friend of yours. It was tucked into a MCPB State of the 


Station Report from November of 2015 here: 


http://www.kzyx.org/Board/KZYX%20State%20of%20the%20Station%20Report%20November%202015.pdf 


The quote is on page three. In a paragraph titled, 'Major Donor Campaign'. It reads, "I 


need to express my concern to the entire Board that the budget we approved at the 


end of June included $55,000.00 in major donor contributions as follows: A Legal Bill 


Event ($10K), End of Year ($30K), & Spring House event ($15K). Obviously, perhaps, 


we are not restricted to those particular events, but as far as I know, there are no 


plans for generating any of these funds at the moment, and I consider this aspect of 


fundraising to be a Board responsibility. The staff, of course, will support such efforts 


in any way required, but I don't think they could or should take the lead on them. 


Again, perhaps obviously, if these funds are not generated during this fiscal year, it 


could leave us with a significant deficit." 


The author is Mr. Stuart Campbell. If I understand this quote correctly, your friend 


expects the Board of Directors to raise $55K, but not the paid help. All of this while 


they keep the Board of Directors in the dark. By keeping Form 990s to themselves 


for five years running. Rhetorically speaking, Mr./Ms. SM, how is that reasonable? 


Then we have the issue of the Board of Directors' actual responsibility. According 


to my reading of the California State law, it's acting in the best interests of the 


corporation. Period. You can find the California Corporations Code here: 


http://www.leginfo.ca.gov/cgi-bin/displaycode?section=corp&group=05001-06000&file=5230-5239 


I'm sure that your reading skills are much better than mine. So when you find the 


part where the Board of Directors is supposed to do all the fundraising, please let 


me know where it is. 


And finally, the consequence for not rising to the occasion here. If the MCPB Board 


doesn't pony up, KZYX will be in the hole. Am I reading that correctly? 


Mr./Ms. SM, your friend's gumption is something to behold. I truly admire people 


like that. As long as they're properly identified. Which is the point here. 


Sincerely, 


Scott M. Peterson 


Mendocino 


- - - - - - - - - - - - - - - - - - - - - - - - - 











_______________________________________________ 
Kzyxtalk mailing list 
Kzyxtalk at lists.mcn.org 
http://lists.mcn.org/mailman/listinfo/kzyxtalk 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.mcn.org/pipermail/kzyxtalk/attachments/20160610/45e41221/attachment-0001.html