Alpha Kappa Alpha Sorority, Incorporated

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Statement of Centennial Supreme Basileus Barbara A. McKinzie July 15, 2009

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Alpha Kappa Alpha Sorority, Incorporated. Statement of Centennial Supreme Basileus Barbara A. McKinzie July 15, 2009. Our Success Across Our Three Organizations Is Real. These measures of success are being attacked because as leaders…. We have failed to trust. - PowerPoint PPT Presentation

Transcript of Alpha Kappa Alpha Sorority, Incorporated

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Statement ofCentennial Supreme Basileus

Barbara A. McKinzie

July 15, 2009

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We have failed to trust.

We have failed to take the time to learn.

We have failed to discharge our responsibilities through the lens of loyalty.

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Remains of Failed Leadership

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It publicly demonstrated poor It publicly demonstrated poor sisterly behavior and examples sisterly behavior and examples of how to violate the sacred of how to violate the sacred policies and rules of a century-policies and rules of a century-old institution.old institution.

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The leaders of the lawsuits are sorors who have violated our policies and procedures and continue to do so publicly in a very destructive and bitter-filled manner.

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Leadership Is a Road That Begins With One Traveler, Joined by Others With Common

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The Membership Cannot

FulfillIts Role

If It Is Not a Team

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• Executive Sessions

• Open Sessions

FACT

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• Have become the subject of lawsuits.

• Are flying around the internet (an unauthorized method of

public communication for AKA).

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• The 2007 Audit was included in the Fall 2008 mailing.

• This Sisterhood’s financial position is in great shape!

Audits

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Alpha Kappa Alpha

2002 2003 2004 2005 2006 2007 2008

Total Assets 9,762,197 11,373,508 13,599,946 16,618,341 16,718,004 20,370,371 24,565,836

Investments 4,673,067 5,842,491 7,055,836 8,567,405 10,011,684 12,165,139 9,952,724

Total Revenues 7,826,170 6,406,842 10,202,311 8,278,726 13,328,769 12,857,641 27,844,980

Total Expenses 7,344,300 4,851,356 7,961,840 5,955,559 13,746,553 10,330,067 21,352,684

Revenues over Expenses 481,870 1,555,486 2,240,471 2,323,167 (417,784) 2,527,574 6,492,296

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Stipend

Article VII, Finances, Section Article VII, Finances, Section 9, p. 489, p. 48“The Supreme Basileus shall be provided a stipend when funds are available.”

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• The amount reported in the IRS tax return was included in the 2007 audit.

• The cost per active member of the IRS amount was less than 63 cents per month or $7.50 for the year.

Stipend Value

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Boule Receipts

• This Directorate has not voted to spend   $900,000 for a wax figure of this Supreme.• The 2008 Boule excess revenues over expenses resulted from controlling costs.

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Boule Costs Per AttendeeBoule Costs Per Attendee

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Executive Session Action

The decision reflects advice and counsel from outside tax, actuarial, valuation, and legal experts.

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Corporate Card

This officer has not purchased “profuse gifts” for anyone. The approved budget is only spent if actual revenues are realized.The Supreme Tamiouchos has never contacted the Supreme Basileus about any charges

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Corporate Card

Card had zero balance in point when received.

The point balance was 593,000 when this Supreme last viewed the account.

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Vendors/Partners

Vendors/partners who support this administration issue checks to AKA or to EAF.

Sponsors are recognized in our publications.

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BMC Associates

• BMC has never had, nor does it have any contracts with AKA or EAF.

• BMC has not provided investment advice for AKA or EAF.

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I will spend the I will spend the remaining time remaining time communicating communicating directly with the directly with the

membership.membership.

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Join the Supreme on this journey if you …

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