Minutes of AANA Meeting January 2024 - (1/18/24)
EC Members & Board Members Present:
- Raza Khan
- Saqib Sheikh
- Imran Ali
- Ahmad Sharif
- Abid Hussain
- Usman Bhutta
- Zubair Niazi
- Waseem Ullah
- Naveed Ahmad
Meeting Agenda:
- Goals and Objectives 2024
- AANA Financial & Endowment Fund
- Merit and Need Based Scholarships
- Website Expansion
- Teacher Leadership Program
Meeting started at 9:00 PM Eastern time. Saqib Sheikh welcomed the EC and AANA Board members and explained the meeting agenda.
Imran Ali presented the updated Financials and current status of AANA Account. Current balance in checking account is $36,224.79 and in Vanguard Investment is $88,361.34 and in Saturna contains $5009.36. Members discussed more effective use of funds and agreed to move $20,000 from Bank to Vanguard. (These funds are readily available to move back to the back account in case a need arises).
Imran Ali also updated members on sending documents for tax returns. Team discussed current fee being paid to stripe (currently 6% per transaction) for funds/donations received electronically and explore further options as well as contact stripe for better transfer rate. It was also decided to provide disclaimer to donors about these fees when they make a donation.
Saqib Sheikh discussed website access for running reports on donations and share with Imran Ali. Team discussed immediate delivery of receipts for tax refundable donations to all donors with its 501c3 status.
Waseem Ullah proposed use of QuickBooks for better bookkeeping and streamline records, to be further explored.
Saqib Sheikh reported on efforts to establish AANA Chapters and reaching out to class representatives and having a focused membership committee. Also develop a Young Abdalians Committee for increased engagement. Process of continuing need-based scholarships at college discussed. Reaching out to membership and encourage participation by entry discussed for sustained yearly scholarships.
Zubair Niazi discussed the process of enrolling teachers from CCH for advanced training here in the US for 6-8 weeks and current challenges being faced. The team also looked into possibilities of advanced teacher training online and at other institutes in Pakistan.
Re-starting newsletter on a quarterly basis to update the AANA membership and having the meeting minutes available on the website was discussed and agreed.
The meeting adjourned at 9:45 PM EST.
