EAST LOS ANGELES COLLEGE FOUNDATION
BOARD OF DIRECTORS MEETING
EAST LOS ANGELES COLLEGE
OFFICE OF THE PRESIDENT
MARCH 13, 2012
5:30 p.m.
Members Present: Raymond Cheng, Selina S. Chi, Marshal Chuang,
Christine Y. Chui, Philip A. Cohen, Sandy Ho, Ernest H. Moreno,
President Tyree Wieder
Members Absent:
George Almeida (excused), Mildred Escobedo (excused)
Tina Hwang (excused), Helen Romero Shaw (excused), Ericka Smith
(excused)
Guests:
Renee Martinez, V.P. of Academic Affairs/Workforce Education;
and Richard Moon, CPA
Staff:
Heidy Peralta, Foundation Development Assistant and Jean Hong,
CPA
I.
Call to order: Chairman Cheng called the meeting to order at 5:42
p.m.
II.
Approval of the Minutes: M/S/P (E. Moreno/P. Cohen): Approved the
minutes of February 7, 2012 as presented.
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March 13, 2012
III. President’s Report: President Wieder invited the Board to partake
on the College’s activities. She mentioned that the LACCD Board of
Trustees visited the College. She briefed the Board on the STEM
program and distributed the ELAC Science, Technology, Engineering
and Mathematics sheet. There will be a major budget cut of $5
million for 2012-2013 calendar year thus reducing 350 class
sections.
IV.
Executive Director’s Report: Executive Director S. Chi reported
that the Foundation is currently applying for two grants. She also
reviewed the Board on the non profit compliances for political
action lobbying since it was election year. On another note, Chi
distributed vendor brochures for the Board to review for selection
of donor wall project. The Board suggested further research on
vendors for the project. S. Chi requested that Chairman Cheng to
actively participate due to his expertise with donor walls at
Cedar Sinai Hospital.
V.
Old Business:
a) Audit Review and Approval:
R. Moon reported that the findings
in the Audit Report for June 30, 2011 and 2010 demonstrated
that the Foundation was doing very well and commended the Board
for its success. He added that the Foundation will be
transitioning to a new non profit accounting system that will
integrate better with donor date information. S. Chi
distributed the Revenue and Support sheet to the Board to
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March 13, 2012
assure that most of the funds raised were distributed for
scholarships. There was further discussion on the financial
statements, investments, art collection and scholarship
endowment.
M/S/P (P. Cohen/M. Chuang):
Approved the 2010 & 2011 Audit
Report as presented.
b) Alumni Report:
S. Chi reported on Ruffalo Cody alumni
phonathon and distributed the program summary to the Board.
There are approximately 200 new donor prospects added to the
donor list.
VI.
Items from the Floor:
VII. Adjournment:
None.
The meeting was called to adjourn at 7:30 p.m.
Respectfully Submitted by:
Heidy Peralta
Foundation Development Assistant
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Handouts Distributed: Audit Report for June 30, 2011 and June 30, 2010; ELAC
Foundation Revenue and Support sheet; Rufallo Cody Program Summary; and the ELAC
Science, Technology, Engineering & Mathematics Report
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March 13, 2012