Minutes of Board Meeting 4/2/2022 at House
President Cole Harris opened the meeting at 11:15 AM.
Present were Cole, VP John Bokum, and Secretary Orin Rehorst
Other board members present were Bob Schumaker, Donald "Donnie" Doolin, Ryan Green, Terry Austin, and Vic Caricato.
Attendees numbered 25 and we recited the Theta Chi Creed. See link below to review our creed.
Four brothers were recognized.
Mike Hunger, active chapter president, was chosen IFC President of the Year. He also did a great job with recruiting, signing up the largest pledge class of fraternities this Spring, six pledges. Mike also negotiated to get a brother for house dad next semester rather than the typical stranger.
Terry Austin, our house manager supreme, was chosen Businessman of the Year by the Quincy Chamber of Commerce.
John Bokum, VP and wizard of Theta Chi, for his extensive contacts within and without the fraternity. These include contacts at WIU and our national fraternity. He also lowered our property tax by half, reduced our mortgage interest rate by one percent, but also just reduced our house insurance by half. Thanks wizard John. He was presented with a magic wand.
Bob Schumaker has made numerous items around the house including benches and a platform. He has also supported many of the active chapter activities. For example, he provided brats for a chapter event.
Active Chapter Report - President Mike Hunger listed achievements pointing to improving chapter health. He expects 17 brothers to be living in the house next fall. Mike expects to see ten or more pledges next semester.
Mike and John Bokum planned the event after the meeting at Lake Linda. It was a hit with over 50 attending.
House Report - Terry Austin
New accounting system. Our new system is in place. All Phase Property Solutions is running the system, collecting rents, and paying bills.
Current money numbers. We ran a deficit last year. Money was transferred from our investment account to our banking account. The budget for the next two semesters should result in a small surplus.
Increase in house rent. A motion was made and passed 3/25/2022 to raise the house rent rates to $420 per month for double occupancy and $520 per month for single occupancy.
Finance. Bob Eden offered to help out with quick books if it's online. Nate Fleck will look at becoming alumni board treasurer.
House Insurance - John Bokum A motion to suspend our house liability insurance with Holmes Murphy for one year passed on 3/25/2022.
Non-Theta Chi Housing Proposal - John Bokum
A motion to allow non-Theta Chi’s to rent units in the house was defeated.
Scholarship Program - Vic Caricato
Vic will pursue reducing the 3.2 GPA requirement for scholarship eligibility.
Alumni Corp Recognition Application - Cole Harris listed the benefits of getting the recognition from National. We will complete the application.
Fundraiser for house
We will likely use an online donation system. The goal is to raise $20,000 for the house. Terry Austin that it may take $10,000 to repair unit 1.
Reunion this summer - Tom Stern
August 27, Saturday was chosen for the reunion.
11 AM to 5 PM.
Hawthorne's Backyard
1200 W Hawthorne Ln, West Chicago, IL 60185
Adults $35
Children 12 and under $10
Children 3 and under free
Save the date.
— End of Minutes —
Theta Chi Creed
