Timothy L Correll Foundation, Inc.


Timothy L. Correll Foundation, Inc. Board Meeting Minutes

 

Date: Tuesday, Tuesday February 17, 2004 - 7:30 p.m.

Location: Minnesota Horse & Hunt Club – Hunter’s Lodge, 2920 East 220th Street, Prior Lake, MN

 Meeting was called to order at 7:40 PM and chaired by Arlan Miller

In Attendance:  Jen Budrow, Karen Correll, Terry Correll, Cara Correll, Jo Erp, Jeff Harris, Dave Jabas, Arlan Miller, Joe Wagner, and Bob Neil.

 Not present: Sara Borgmann, and Brian Edwards

 Discussion:  Approve Minutes from Nov. 18, 2003 meeting.

Action: 
Bob Neil:  To “approve” meeting minutes from the last meeting.

Was seconded by Cara Correll.  (Voter Conclusion – All “YES” votes)

 Discussion:  TLCF Inc. By-Laws

No changes

 Action: Ammended Articles of Incorporation
Joe Wagner: To “accept” the amended Articles of Incorporation and by-laws and sign them. Was seconded by Karen Correll.  (Voter Conclusion – All “YES votes)

 Discussion: Election

Action:
Karen Correll: To accept Dave Jabas as community member vacated by Scott Meyer due to change in his residing state. Was Seconded by Bob Neil. (Voter Conclusion- All “YES” votes)

Discussion: 501 ( C ) ( 3 ) status (cost $ 500.00 to have the highest level available)

Action:
Joe  Wagner- “pay fee”  to submit the application of the 501 ( C ) ( 3 ) status to the proper authority. Was Seconded by Bob Neil. (Voter Conclusion- All “YES” votes)

 Discussion:  2004 Financial Report

Action:
 Karen Correll- Hired a CPA attorney /Tax attorney to answer the tax questions we may have, a decision was reached regarding how many fund-raisers we will hold in 2004 – we will only hold the Aug 1st Benefit. Seconded by Jo Erp. (Voter Conclusion – All “YES” votes)Sent a check ($500.00) to Prior Lake in Memory of Jon Neiman for the training of their department. The check for Nicole (for the second half of her scholarship) was cut but not sent out until she complies with the rules of the portion of the second half of the scholarship disbursement. (to have the counselor update the board with her transcripts)  Normandale and Inver Grove Heights college scholarship discussion – tabled until May meeting. The balance in the bank now is $10,866.13. Pay the fee for the web domain to continue for the next year.  Tabled budget approval for how much money is to be given away for the year until the May meeting.

 Discussion:  Training Grants

Action: Motion made by Joe Wagner- To “table” the training grant until a future meeting so that we may focus our attention on the scholarships to be given away this school year. Seconded by Jeff Harris. (Voter Conclusion- All “YES” votes)

 Discussion: High School Scholarships
Action:
Cara Correll –“to make the website more high school friendly in searching for scholarship information” and “ look into the cable access for the schools for advertisement of the scholarship.” Posters to be printed to be handed out for schools to put up. Terry Correll- “look into newspaper ad for scholarship” Due date for scholarships from all school to be returned on or before May 3rd.

 Discussion: Metro high school scholarship

Action: 
A 3rd high school scholarship will be given in 2004 to a student in one of these counties: Goodhue, Rice, Le Sueur, Scott, Dakota, Sibley, Carver, and Washington counties. (Dave Jabas & Cara Correll will be working together to contact the schools counselors, and teachers in related classes about the scholarships and for package information to the schools.) (Karen Correll & Jen Budrow are going to work on the posters for the schools) (Dave Jabas working on writing a new article to be submitted to the newspapers with Bob Neil’s help on contacting the newspaper in his area)

 Action Items for next meeting:  

  1. Get a list of all the schools in the scholarship areas.
  2. Contact the schools counselors and teachers in related classes to find students who would benefit from the scholarship to apply.
  3. Contact the Newspapers for printing a press release of the scholarship availability.
  4. Look into funding equipment/training grants at a later date when our foundation has grown further.
  5. Check into Cable Access for the schools for announcement of the scholarship.
  6. Talk about the Normandale and Inver Grove Heights College Scholarship at a future meeting.
  7. Update the website  and applications to reflect the New Due date for the scholarship.
  8. Submit the application for the 501 ( c ) ( 3 ) status.
  9. Pay the website domain for the year.

 

 Our next meeting will be Tuesday, May 18, 2004  at 7:30 p.m. at the Minnesota Horse & Hunt Club Hunter’s Lodge.

 Jo Erp moved to adjourn meeting at 9:30 PM. Seconded by Jeff Harris. (Voter Conclusion All “YES” votes)  Meeting was adjourned.

 Respectfully Submitted,

Cara Correll, Secretary