2020-10-29 OMA Agenda - Board of Trustees

OMACHAPTERDEVELOPMENT: KEY DECISION POINTS ( Highlighted items have costs that are TBD)

Start-Up

Long-Term

Point

What are the revenue management requirements?

Budget Submission

Yes, with National assist

Yes, by 10/1

Break Even Budget

After Year 1

Yes

Mid-Year Forecast

Yes

Yes

Start-up Funds

Up to $2.5K

Up to $2.5K

Federal/State Filings

Included in National return; no state filing required Develop chapter budget templates and policies and procedures related to bill paying (chapter credit card, check cutting, personal reimb)

Same, unless separate legal entities

National will:

Same

Point

Will chapters charge membership dues and/or receive a portion of national dues?

Decision

Allow chapters to receive a portion of the dues - will give them funds and it will be an incentive to recruit

Same

Point

Will chapter dues vary by location?

Decision

For ease of administration, have consistent chapter dues

Let chapters set their own dues

Point

Should there be automatic dual membership with chapters and national?

Decision

Assuming technological capability exists, new members would opt-in to chapter membership. Existing members would opt- in at renewal (or prior for a prorated fee) and pick which chapter. Local chapter membership requires national membership.

Same

Point

Will chapters “keep” all the revenue from local events or will national get a portion?

Decision

Allow chapters to keep all the event revenue; consider charging an annual overhead allocation fee to the chapters to recover costs to support (or that can be recovered via the 50% net assets)

Same

Point

Will chapters solicit their own sponsorships or will national?

Decision

National sales staff to secure sponsors. Chapters will be encouraged to identify their own local prospective sponsors (which national will close)

Same