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Statement of Centennial Supreme Basileus Barbara A. McKinzie July 15, 2009.

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Presentation on theme: "Statement of Centennial Supreme Basileus Barbara A. McKinzie July 15, 2009."— Presentation transcript:

1 Statement of Centennial Supreme Basileus Barbara A. McKinzie July 15, 2009

2 Increase in Membership EAF Fiscal Improvement Alpha Kappa Alpha, Inc. Growth in our Global Brand Housing Foundation

3 WWe have failed to trust. WWe have failed to take the time to learn. WWe have failed to discharge our responsibilities through the lens of loyalty.

4 Remains of Failed Leadership Two Lawsuits One Party in Federal Prison Breach of Fiduciary Contract

5 It publicly demonstrated poor sisterly behavior and examples of how to violate the sacred policies and rules of a century-old institution.

6 The leaders of the lawsuits are sorors who have violated our policies and procedures and continue to do so publicly in a very destructive and bitter-filled manner.

7 Leadership Is a Road That Begins With One Traveler, Joined by Others With Common Leadership Is a Road That Begins With One Traveler, Joined by Others With Common Trust Loyalty Interests

8 The Membership Cannot Fulfill Its Role If It Is Not a Team

9 Executive Sessions Open Sessions FACT

10 Have become the subject of lawsuits. Are flying around the internet ( an unauthorized method of public communication for AKA ).

11 The 2007 Audit was included in the Fall 2008 mailing. This Sisterhood’s financial position is in great shape! Audits

12 Alpha Kappa Alpha Total Assets 9,762,197 11,373,508 13,599,946 16,618,341 16,718,004 20,370,371 24,565,836 Investments 4,673,067 5,842,491 7,055,836 8,567,405 10,011,684 12,165,139 9,952,724 Total Revenues 7,826,170 6,406,842 10,202,311 8,278,726 13,328,769 12,857,641 27,844,980 Total Expenses 7,344,300 4,851,356 7,961,840 5,955,559 13,746,553 10,330,067 21,352,684 Revenues over Expenses 481,870 1,555,486 2,240,471 2,323,167 (417,784) 2,527,574 6,492,296

13 Stipend Article VII, Finances, Section 9, p. 48 “The Supreme Basileus shall be provided a stipend when funds are available.”

14 The amount reported in the IRS tax return was included in the 2007 audit. The cost per active member of the IRS amount was less than 63 cents per month or $7.50 for the year. Stipend Value

15 Boule Receipts This Directorate has not voted to spend $900,000 for a wax figure of this Supreme. The 2008 Boule excess revenues over expenses resulted from controlling costs.

16 Boule Costs Per Attendee

17 Executive Session Action The decision reflects advice and counsel from outside tax, actuarial, valuation, and legal experts.

18 Corporate Card This officer has not purchased “profuse gifts” for anyone. The approved budget is only spent if actual revenues are realized. The Supreme Tamiouchos has never contacted the Supreme Basileus about any charge s This officer has not purchased “profuse gifts” for anyone. The approved budget is only spent if actual revenues are realized. The Supreme Tamiouchos has never contacted the Supreme Basileus about any charge s

19 Corporate Card Card had zero balance in point when received. The point balance was 593,000 when this Supreme last viewed the account. Card had zero balance in point when received. The point balance was 593,000 when this Supreme last viewed the account.

20 Vendors/Partners Vendors/partners who support this administration issue checks to AKA or to EAF. Sponsors are recognized in our publications. Vendors/partners who support this administration issue checks to AKA or to EAF. Sponsors are recognized in our publications.

21 BMC Associates BMC has never had, nor does it have any contracts with AKA or EAF. BMC has not provided investment advice for AKA or EAF. BMC has never had, nor does it have any contracts with AKA or EAF. BMC has not provided investment advice for AKA or EAF.

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23 I will spend the remaining time communicating directly with the membership.

24 Have an interest in serving the common good Are loyal Trust and believe in this 101-year-old institution, its values, and its principles Join the Supreme on this journey if you …

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