Escolar Documentos
Profissional Documentos
Cultura Documentos
Members Present:
Karl Brandes, Lynn Dumais, Joe Garcia, Luis Garcia, Greg Hearing, Chris Roederer, Jerome Ryan,
Marc Spencer.
Others Present:
Brad Baumgardner, Brenda Browning, Chris Letsos, Debbie McCarthy, Cassandra Thomas, Jennie
Yingling, Glenn Permuy, Konstantin Popkov.
Board Chair Marc Spencer called the meeting to order at 12:07 pm and introduced Konstantin who
spoke briefly about the McCain National Leadership Program with Boys & Girls Clubs and how hes
going to be in Tampa for the next year. He is from Russia, married with an 8 year old son.
Consent Items:
Minutes of the August 14, 2014 meeting and the August Financial Report were provided to the
members for their review prior to the meeting. A Motion to approve the Minutes was made by Lynn
Dumais, Second by Jerome Ryan. Motion passed. With no questions regarding the August Financial
Report, A Motion to approve was made by Lynn, Second by Chris Roederer. Motion passed.
There was discussion regarding the Board Resolution on a Stock Trading Account. Debbie reported
that Marc Jacobson, with Morgan Stanley, offered their services at no fee. We currently use UBS
where we pay a fee. Motion to approve the Board Resolution to open an account with Morgan Stanley
for our stock trading was made by Jerome, Second by Lynn. Motion passed.
Community Foundation Agreements:
Debbie McCarthy provided a copy of the updated Agreements for Brandon, Riverview and Liberty
with the correct legal name of the clubs. Additional language was added to make sure if one of the
mentioned clubs would close, that money would go to the other clubs and only if all mentioned clubs
closed, the funds would go back to the Community Foundation. Motion to approve by Chris, Second
by Luis. Motion passed.
BGCA Indirect Marketing:
Lynn Dumais spoke about a new program that BGCA presented at the Florida Area Council meeting
and supplied a handout of the presentation to the members. Lynn spoke about how BGCA is focusing
on individual giving via direct marketing. They are looking at this area by buying mailing lists from
other charities and targeting to those people. Russ Reed Company was hired by BGCA to target
women 55 and up with income of $45K - $50K. The average gift is $23. The pilot launched in
November with 42 clubs in 19 markets. The money goes to BGCA then shared with clubs that signed
up to participate in the program. No money will be made until year 3 at which time 50% will be given
to clubs and 50% to BGCA. There are more questions on how the money will be shared with the
clubs. This is no cost to us and when the program is at full production, should bring in $11M.
Reports:
Jennie Yingling reported on the following:
1. GFB is December 18th; all past sponsors have renews and only back cover of program
is open. Tony LaRussa is guest speaker. Sheriff Gee will also be speaking. Glenn
stated guests will be emailed their information.
2014
Forecast
2014
Budget
2013
Actual
847,000
1,875,000
325,000
2,156,500
5,203,500
849,260
1,746,717
316,060
2,195,606
5,107,643
843,100
1,775,000
287,500
2,021,000
4,926,600
842,758
1,783,820
170,083
2,019,818
4,816,479
279,500
5,000
26,000
310,500
284,711
2,721
21,065
308,497
363,700
6,700
25,000
395,400
363,113
5,518
24,936
393,567
750,000
(144,000)
606,000
738,941
(125,766)
613,175
630,000
(80,000)
550,000
602,160
(92,010)
510,150
Revenue
Program Service Revenue
Investment Revenue
Other Revenue
Total Revenue
Special Events
Special Event Revenue
Special Event Expenses
Net Special Events
Total Public Support and Revenue
Expenses
Personnel Costs
Salaries
Employee Benefits
Payroll Taxes
Other Employee Costs
Total Personnel Costs
Operating Costs
Professional Fees
Contract Services
Supplies
Information Technolgy
Occupancy Expense
Equipment Expense
Printing & Postage
Transportation Expense
Training, Travel & Meetings
Program Services
Other Expenses
Total Operating Costs
Total Expenses
NET SURPLUS/(DEFICIT)
BGCTB FOUNDATION SUPPORT
BGCTB Annual 5% Funding
Shared Events (Net of Expenses and Foundation Share)
TOTAL BGCTB FOUNDATION SUPPORT
NET SURPLUS/(DEFICIT) BEFORE
BGCTB FOUNDATION SUPPORT
6,120,000
6,029,315
5,872,000
5,720,196
2,976,000
260,000
240,000
111,500
3,587,500
2,971,571
255,242
227,471
98,401
3,552,685
2,783,000
260,700
231,000
88,100
3,362,800
2,580,787
231,212
198,715
76,482
3,087,196
70,500
137,000
298,000
109,500
1,280,000
62,000
24,500
191,000
70,500
204,500
86,500
2,534,000
62,466
148,030
329,180
114,288
1,269,901
59,193
23,121
172,995
69,083
219,837
79,280
2,547,374
73,000
204,500
299,000
88,000
1,259,900
55,000
15,000
201,800
44,600
196,500
77,500
2,514,800
83,864
161,841
292,172
82,143
1,177,685
41,248
17,556
175,850
44,241
208,973
79,371
2,364,944
6,121,500
6,100,059
5,877,600
5,452,140
(1,500)
(70,744)
(5,600)
268,056
180,000
300,000
480,000
175,000
244,068
419,068
180,000
200,000
380,000
238,000
227,185
465,185
(481,500)
(489,812)
(385,600)
(197,129)
09/30/14
Portfolio
Market
Value
12/31/13
% of
Portfolio
Portfolio
Market
Value
12/31/12
% of
Portfolio
Portfolio
Market
Value
12/31/11
% of
Portfolio
Portfolio
Market
Value
% of
Portfolio
EQUITY FUNDS
KEELEY FUNDS
Keeley Small Cap Value Fund
Total Keeley Funds
386,354
386,354
9.3%
9.3%
621,400
621,400
15.3%
15.3%
461,574
461,574
13.6%
13.6%
372,794
372,794
12.5%
12.5%
21
862,994
963,128
20.8%
23.2%
21
697,335
904,603
17.2%
22.3%
21
519,787
669,007
15.3%
19.7%
21
430,103
560,245
14.4%
18.7%
5% - 30%
638,540
2,464,683
15.4%
59.4%
672,873
2,274,831
16.6%
56.0%
566,427
1,755,242
16.7%
51.6%
476,758
1,467,127
15.9%
49.1%
30% - 80%
2,851,037
68.8%
2,896,231
71.3%
2,216,816
65.2%
1,839,921
61.5%
5% - 25%
15% - 35%
638,476
656,488
1,294,964
15.4%
15.8%
31.2%
574,858
590,065
1,164,923
14.2%
14.5%
28.7%
577,568
604,290
1,181,858
17.0%
17.8%
34.8%
572,407
577,129
1,149,536
19.1%
19.3%
38.5%
20% - 60%
1,294,964
31.2%
1,164,923
28.7%
1,181,858
34.8%
1,149,536
38.5%
5% - 15%
CHARLES SCHWAB
Cash
Growth Fund of America - Large Cap Growth
Loomis Sayles Value Fund - Large Cap Value
Manning & Napier World Opportunity Fund International
10% - 30%
10% - 30%
4,146,001 100.0%
INVESTMENT RETURNS
POLICY BENCHMARK
Q3
2014
-2.35%
-1.16%
4,061,154 100.0%
3,398,674 100.0%
2,989,457 100.0%
Trailing
1 Yr
8.00%
9.84%
Trailing
3 Yr
13.51%
14.28%
Inception
12/31/08
10.76%
12.22%
Agency Funds:
Boys & Girls Club of Tampa Bay Foundation, Inc. Agency
The Bill Carey Brandon Boys & Girls Club Agency
Gary Nix Boys & Girls Club Agency
Riverview Boys & Girls Club Agency
Bob Blanchard Lacoochee Boys & Girls Club
TOTAL AGENCY FUNDS
12/31/13
12/31/12
12/31/11
Portfolio
Portfolio
Portfolio
Portfolio
Market
Value
Market
Value
Market
Value
Market
Value
824,677
663,583
106,274
51,649
200,825
$
INVESTMENT RETURNS
POLICY BENCHMARK
CFTB BENCHMARK
09/30/14
1,847,008
Q3
2014
-3.44%
-1.16%
-2.42%
875,327
704,340
110,455
53,682
195,916
$
1,939,719
Trailing
1 Yr
5.78%
9.84%
7.33%
806,133
648,663
99,746
48,477
139,015
$
1,742,035
Trailing
3 Yr
12.21%
14.28%
11.57%
755,458
607,886
91,695
44,564
1,499,603
Inception
12/31/09
8.18%
NA
8.21%
09/30/14
Portfolio
12/31/13
Portfolio
Market
Value
Market
Value
10% - 30%
5% - 15%
20% - 80%
142,033
21,314
12,505
127,333
47,181
350,365
20.9%
3.1%
1.8%
18.7%
6.9%
51.4%
127,656
22,252
13,621
134,002
59,237
356,767
18.4%
3.2%
2.0%
19.3%
8.5%
51.4%
148,954
16,108
16,617
66,951
61,463
310,093
22.4%
2.4%
2.5%
10.1%
9.2%
46.6%
169,980
17,024
17,108
57,702
40,634
302,447
27.3%
2.7%
2.7%
9.3%
6.5%
48.5%
20% - 60%
211,477
25,303
236,780
31.1%
3.7%
34.8%
219,342
26,714
246,056
31.6%
3.8%
35.5%
237,681
12,668
250,349
35.7%
1.9%
37.7%
238,157
12,162
250,319
38.2%
2.0%
40.2%
REAL ESTATE
Real Estate Funds
Total Real Estate
25,930
25,930
3.8%
3.8%
26,306
26,306
3.8%
3.8%
35,022
35,022
5.3%
5.3%
18,129
18,129
2.9%
2.9%
COMMODITIES
Commodities
Total Commodities
31,889
31,889
4.7%
4.7%
34,235
34,235
4.9%
4.9%
51,155
51,155
7.7%
7.7%
40,139
40,139
6.4%
6.4%
36,066
36,066
5.3%
5.3%
30,584
30,584
4.4%
4.4%
18,272
18,272
2.7%
2.7%
12,101
12,101
1.9%
1.9%
EQUITY SECURITIES
Large Cap
Mid Cap
Small Cap
International Developed
International Emerging
Total Equity Securities
FIXED INCOME SECURITIES
Corporate / Government
Other Bonds
Total Fixed Income Securities
5% - 30%
% of
681,030 100.0%
INVESTMENT RETURNS
POLICY BENCHMARK
NORTHERN TRUST BENCHMARK
Q2
2014
-2.40%
-1.16%
-1.49%
% of
Portfolio
693,948 100.0%
Trailing
1 Yr
6.27%
9.84%
7.52%
Market
Value
12/31/11
Portfolio
Allocation
Range
Portfolio
Market
Value
12/31/12
Portfolio
% of
Portfolio
664,891 100.0%
Trailing
3 Yr
10.02%
14.28%
10.21%
% of
Portfolio
623,135 100.0%
Inception
12/31/08
9.24%
12.22%
9.98%
B&GCTB ENDOWMENT
Allocation
Range
Target
Peer Group
Style
Definitions
Equity
Large Cap Growth
Large Cap Value
Sm-Mid Cap Core
International/EM
10%-30%
10%-30%
5%-15%
5%-30%
20%
20%
10%
15%
Total Equity
30%-80%
65%
Fixed Income
Short Term Bond
Intermediate Bond
High Yield Bond
Total Fixed Income
5%-25%
15%-35%
0%-15%
20%-60%
5%
30%
0%
0%
0%
Cash
0%
17
Short-Term Bond
Intermediate Bond
High Yield Bond
LB 1-3 yr Bond
LB Interm Govt/Cr
BC High Yield
% Index Blend
35%
Passive Index
Benchmark for
Performance
Measurement
% Index Blend
3-Mo. Treasury-Bill