TETA filed a civil suit to obtain the books and records but it was delayed because Mr. Dickey filed bankruptcy. However, an order was recently obtained lifting the stay so a writ could be issued by the civil court commanding Mr. Dickey to turn over TETA records in his possession. In response, TETA recently received a portable flash drive containing some documents that are now under review. At this point we do not know how complete the records are that we were provided. We are also still seeking to obtain records from other third parties to analyze the finances of TETA. So far, the reports that have been obtained are very incomplete.
At the required meeting with the creditors in the bankruptcy case, Mr. Dickey asserted his Fifth Amendment privilege in response to most of the questions seeking information about finances and financial records. At this point it is still an ongoing and very difficult process, and TETA still does not have anything close to complete historical financial records.
We have hired a CPA to work on a late tax filing penalty accessed by the IRS for late filing of 2012 Form 990. Mr. Dickey apparently was working on getting an abatement of the penalty, but as of April 9, 2014, penalties are continuing to accrue. We are working on this.
TETA has also contracted with a Bookkeeper, who is helping reconstruct the books as best as can be done for the 2013 Form 990 filing, as well as helping me construct the proper format for keeping the 2014 books.
We will get through this, folks! And we will survive, and come out stronger in the long run.
I will soon be providing each member of the board a monthly copy of TETA’s bank statement which will allow each board member to personally examine income and expenses.
Next is an accounting of TheatreFest 2014's income and expenses. It includes membership dues, convention registration, and some donations. It does NOT include membership and dues deposited prior to January 24th since the deposit log has not been made available to TETA as of today.
INCOME/DEPOSITS
Credit Card deposits from onsite registration and dues payments: $46,031.90
Cash deposits, onsite registration and dues $21,515.00
Checks onsite, or forwarded from Austin PO Box after TF14 $124,027.59
Ads, Sponsorships collected prior to 01/24/14; paperwork presented to new convention directors the week prior to TF14 $4,600.00
Total In $196,174.49
Expenses include onsite materials/supplies, Square fees, Presenter Honorariums, Awards, 2013 scholarship 2nd payments, some refunds, Guidebook, engraving, and reimbursement for convention invoices Jennifer Nichols had personally paid, submitted to Mr. Dickey for reimbursement prior to February, 2014, and when asked gave me a copy of the invoices, or had already given to new convention directors the week prior to TF14. Expenses do NOT include anything paid prior to January 24th. No invoices available for verification of checks written or credit card payments from previous bank, Southside Bank in Tyler, Texas.
EXPENSES
Onsite expenses for materials, supplies, Credit Card fees $3,657.62
Honorariums to presenters, Paper winners, 2013 scholarship 2nd payments, refunds, Guidebook $46,019.74
Engraving $449.00
Reimbursement to Jennifer Nichols, convention expenses $2,514.49
Total Out $52,640.85
Net $143,533.64
And now a new subject:
We have hired a CPA to work on a late tax filing penalty accessed by the IRS for late filing of 2012 Form 990. Mr. Dickey apparently was working on getting an abatement of the penalty, but as of April 9, 2014, penalties are continuing to accrue. We are working on this.
TETA has also contracted with a Bookkeeper, who is helping reconstruct the books as best as can be done for the 2013 Form 990 filing, as well as helping me construct the proper format for keeping the 2014 books.
We will get through this, folks! And we will survive, and come out stronger in the long run.
I will soon be providing each member of the board a monthly copy of TETA’s bank statement which will allow each board member to personally examine income and expenses.
Next is an accounting of TheatreFest 2014's income and expenses. It includes membership dues, convention registration, and some donations. It does NOT include membership and dues deposited prior to January 24th since the deposit log has not been made available to TETA as of today.
INCOME/DEPOSITS
Credit Card deposits from onsite registration and dues payments: $46,031.90
Cash deposits, onsite registration and dues $21,515.00
Checks onsite, or forwarded from Austin PO Box after TF14 $124,027.59
Ads, Sponsorships collected prior to 01/24/14; paperwork presented to new convention directors the week prior to TF14 $4,600.00
Total In $196,174.49
Expenses include onsite materials/supplies, Square fees, Presenter Honorariums, Awards, 2013 scholarship 2nd payments, some refunds, Guidebook, engraving, and reimbursement for convention invoices Jennifer Nichols had personally paid, submitted to Mr. Dickey for reimbursement prior to February, 2014, and when asked gave me a copy of the invoices, or had already given to new convention directors the week prior to TF14. Expenses do NOT include anything paid prior to January 24th. No invoices available for verification of checks written or credit card payments from previous bank, Southside Bank in Tyler, Texas.
EXPENSES
Onsite expenses for materials, supplies, Credit Card fees $3,657.62
Honorariums to presenters, Paper winners, 2013 scholarship 2nd payments, refunds, Guidebook $46,019.74
Engraving $449.00
Reimbursement to Jennifer Nichols, convention expenses $2,514.49
Total Out $52,640.85
Net $143,533.64
And now a new subject:
I encourage all members who register for SummerFest 2014 and choose to pay registration with a check from your school district, PLEASE remember to request that the school district include your REGISTRATION FORM, or INVOICE along with the check.
TETA’s new address:
650 W. Bough Ln., Suite 150-199
Houston, TX. 77024
Also, please remember that if you have not paid your dues, you must do so in order to attend SF14.
I hope you will take advantage of the wonderful learning opportunities there will be at SF14. I hope you will leave with inspiration and eagerness to return to your classroom with new ideas you can’t wait to share with your students. I hope you take advantage of the opportunity to share, inspire, and bond with other K-12 teachers and directors by attending the K-12 Summer Workshop.
On another note, I again want to thank the membership for electing me as TETA’s Treasurer/CFO. I am finding the job challenging and very interesting. Keeps my brain working overtime!!!
I look forward to exciting days ahead, working with you, and with this very energized Board of Directors.
Rachel Mattox
TETA Board of Directors
Treasurer
Houston, TX. 77024
Also, please remember that if you have not paid your dues, you must do so in order to attend SF14.
I hope you will take advantage of the wonderful learning opportunities there will be at SF14. I hope you will leave with inspiration and eagerness to return to your classroom with new ideas you can’t wait to share with your students. I hope you take advantage of the opportunity to share, inspire, and bond with other K-12 teachers and directors by attending the K-12 Summer Workshop.
On another note, I again want to thank the membership for electing me as TETA’s Treasurer/CFO. I am finding the job challenging and very interesting. Keeps my brain working overtime!!!
I look forward to exciting days ahead, working with you, and with this very energized Board of Directors.
Rachel Mattox
TETA Board of Directors
Treasurer
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