Kappa Chapter Virtual Again! - Affinity Connection
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Kappa Chapter…Virtual Again!
§ Welcome and Virtual Housekeeping (Fred) § Introductions - Board, Actives Executive Board § State of Actives – Regis Capoferri, President § State of Brotherhood § David Hyland, Chair – House Committee § Ben Jarmul – Chair, Finance Committee § Martin Barbato – Board Chair § Alumni-Active Relations - Fred DeCock and Jordan Masia § Scholarship Awards – Steve Handwerk § MOTY Actives – Fred DeCock § MOTY Alumni – Fred DeCock § Virtual House Tour – Regis Capoferri § Homecoming 2021 planning - October 23, 2021 § Q&A § Adjourn
§ MUTE YOUR TECHNOLOGY PLEASE § Zoom: microphone icon bottom left of screen § If we have issues, I can mute all § Presenters – mute until it’s your turn please § CHAT: if you have trouble use the chat function and send me a private issue § RECORDING: should be available in the next day or two… § BATHROOMS: if you don’t know where they are, you have bigger issues ;-) § We have all had a year of Zoom practice, so no excuses this time!
§ State of Actives – Regis Capoferri, President § State of Brotherhood § David Hyland, Chair – House Committee § Ben Jarmul – Chair, Finance Committee § Martin Barbato – Board Chair § Alumni-Active Relations - Fred DeCock and Jordan Masia
Spring 2021 Fall 2021 Projections
§ 50 actives total § 52 actives total
§ 25 in house § Roughly 22 in house
§ 25 out of house § Roughly 30 out of
§ 16 members in the
house
spring 2021 pledge § Were hoping for a
class good pledge class of
10-15 in the fall
§ These numbers are subject to
change
ACTUAL BUDGET
2/28/21 2020-21 7/31/20
ACTIVES - In-House 24-25 28 17-18
HEADCOUNTS
Out-of-House 18-21 19 23-29
RATES In-House $3,025 $3,025 $3,025
Out-of-House 825 825 825
Cleaning Fee 250 250
Security Deposit 1,000 1,000 1,000
NOTE - Allowances considered for headcount adjustments and doubtful collections.
ACTUAL BUDGET BUDGET
2/28/21 2/28/21 2020-21 7/31/20
HOUSING
Revenues $ 173,800 $ 153,700 $ 160,500 $ 166,600
Expenses 74,300 62,200 155,300 140,200
Surplus 99,500 91,500 5,200 26,400
ALUMNI
Revenues $ 11,200 $ 14,000 $ 24,000 $ 19,000
Expenses 9,300 7,000 21,000 19,300
Surplus
(Deficit) 1,900 7,000 3,000 (300)
2/28/21 7/31/20 7/31/19 7/31/18 7/31/17 7/31/16 CASH $ 307,900 $ 227,600 $ 262,100 $ 302,200 $ 232,000 $ 248,900 DEBT 342,400 380,000 456,000 559,600 602,800 644,400 NET DEBT (34,500) (152,400) (193,900) (257,400) (370,800) (395,500) NOTES: 1. Note and mortgage refinanced on January 7, 2019. Term of 5 years. 2. Note matures on December 17, 2023. Balloon payment on the unpaid outstanding balance will be due. 3. Interest rate of 5.1%. 4. Monthly principal and interest payments of $3,947 based on 15 year amortization. 5. Additional principal payment of $25,000 made in December 2020.
§ State of the Alumni – By the Numbers § Total of 1,036 Living Alumni. § Have valid email and/or regular mail addresses for 887 (86%). § Please ensure your information is current. § Please help with 149 missing brothers. § State of the Actives § Total Number of Actives Steady, notwithstanding headwinds – currently 47. § Number of In-house Actives up, notwithstanding ban on Freshman Fall Rush. § Great Spring ‘21 Rush, under challenging circumstances. § Engaged and Strong Executive Board.
§ Board Goals
§ Current Year – Back to Normalcy - Homecoming 2021 in Person and Virtual.
§ Longer Term – Financial Freedom and 100 years at the Mansion
§ Mortgage – $495k 5-year balloon matures December 2023 leaving $373k. Board has
made additional principal payments of $104k and has goal of $50k for current and
next 2 academic years. Discussing “Burn the Mortgage Campaign” to pay off in
December 2023.
§ 100 years of Kappa Mansion Celebration – February 21, 2027.
§ Budget Position
§ Alumni contribution support Communications, Events, and Scholarship.
§ Budget for 8/1/20 through 7/1/21 is $24,000.
§ Receipts through 02/28/2021 are $10,012.
§ Support received from 35% of alumni – thank you!
§ Your support is greatly appreciated.§ Help Us All Stay Connected
§ Get your current address information to Affinity, at
seth@affinityconnection.com.
§ Keep your Affinity Profile current.
§ Send notices of life changes (e.g., family, professional) to Affinity.
§ Chapter Eternal
§ Terence L. Seese, 70 Lib, Blue Band, Warren, NJ – October 11, 2020
§ Homecoming – October 23, 2021§ 2020-2021 Alumni Scholarship Awards § $2000.00 available this year § Thanks to Brother Joseph Masterson (’85) and other alumni § Two Awards § Highest GPA for brothers ($1400), 45 semester hr. minimum § Highest GPA for new members ($600). Fall 2020 and Spring 2021 inductees § Results § Two applications received for the highest cumulative GPA § No applications for new members § As such, the $600 award will be presented to the number 2 GPA active § And the winners are (drum roll please)….
PSK HIGHEST CUMULATIVE GPA
• Winner: Brother Liam Boyd
• Junior, Mechanical Engineering
• Hometown: Media, PA
• In his own words:
Hello Brothers! Allow me to introduce myself a little more. I am a junior in mechanical
engineering. Both of my parents attended Penn State in the 80’s which led to me always
wanting to study engineering here. Funny enough, my father was actually a member of
Theta Chi and lived right next door! I came to Penn State not knowing whether I wanted
to join a fraternity or not, but after spending the first semester here on campus I knew
that joining a brotherhood such as this one would not only enhance my college
experience but be an experience that would continue to pay off through my entire
lifetime. After finding Phi Sigma Kappa during rush, I knew that this was the
brotherhood I belonged in. Ever since then I have never been happier. I appreciate
everything this chapter has done for me and have paid it back through my three
semesters as risk chair, the past two holding the head chair position. Regardless of
whether I have the honor of winning this award or not I greatly appreciate the
opportunity to apply! Damn Proud!PSK SECOND HIGHEST
GPA
• Winner: Brother Hayden Angello
• Junior, Cyber Security Analytics and Operations
• Hometown: Hershey, PA
• In his own words:
I believe that I am a worthy candidate to receive the Phi Sigma Kappa
Solicitation of Scholarship Award. During my time as a brother of Phi
Sigma Kappa since Spring 2019, I have held multiple positions in the
house such as head rush chairman, rush chairman, head philanthropy
chairman and philanthropy chairman, T-shirt chair for two semesters,
and social media chair for four semesters. While holding these
positions, I have maintained above a 3.5 GPA, which has put me on the
Dean’s list every semester. Working hard and getting my job done is
something I live by and something that my brothers at Phi Sigma
Kappa push me to want to do. In the future I plan to be an ethical
hacker, which entails helping to stop malicious hackers by regaining
control of breached systems. I also aspire to be a music producer as
well. I have a passion to create things as well as help people, and a life
where I could do both is what I plan to accomplish.§ Active Award
§ Daniel C. Bryant ‘21
§ For outstanding support and leadership of Kappa Chapter
§ Alumni Award
§ Joseph A. Mazziotti, Jr. ‘14
§ For longstanding support and leadership of Kappa Chapter
CONGRATULATIONS TO THE WINNERS!§ Virtual House Tour – Regis Capoferri
§ Homecoming 2021 planning -
October 23, 2021
§ Q&A
§ STAY POSITIVE!
§ STAY PROUD!
§ STAY SAFE!
§ STAY MASKED!You can also read
