University of Mississippi - Ole Miss Panhellenic Sorority Recruitment 2013

[ADPiEE]

Originally Posted by MaryPoppins

@Hartofsec: I agree they are very low, but that is part and parcel when the University forces Chapters to have Recruitment during the Semester at an SEC school. So many unsatisfied PNMs were withdrawing from Ole Miss after Recruitment that Administration moved Recruitment out of the traditional preterm August time frame. .

Pardon the crash (and I'm sure this has been explained before and I missed it)--why didn't they opt for a deferred recruitment (In January) instead of having a long drawn-out recruitment in the fall? I can't see how the current schedule is good for anyone.

[MaryPoppins]

Originally Posted by ADPiEE

Pardon the crash (and I'm sure this has been explained before and I missed it)--why didn't they opt for a deferred recruitment (In January) instead of having a long drawn-out recruitment in the fall? I can't see how the current schedule is good for anyone.

Everyone of the Chapters said that it would negatively impact their finances to move Recruitment a whole semester. Given that not for profits cannot retain proceeds after expenses (known as profit in the for profit world) it may have seemed impossible to plan for that eventuality.

[ADPiEE]

Originally Posted by MaryPoppins

Everyone of the Chapters said that it would negatively impact their finances to move Recruitment a whole semester. Given that not for profits cannot retain proceeds after expenses (known as profit in the for profit world) it may have seemed impossible to plan for that eventuality.

That makes sense--I didn't think about the financial implications. The two schools I know of in Texas that do deferred recruitment don't have houses.
Is this true for most of the deferred recruitment schools?

[IndianaSigKap]

Originally Posted by ADPiEE

That makes sense--I didn't think about the financial implications. The two schools I know of in Texas that do deferred recruitment don't have houses.
Is this true for most of the deferred recruitment schools?

Not true for Indiana University or Ohio State University. Both have deferred recruitment and chapter houses.

ETA: I forgot Butler University, too.

[Titchou]

Originally Posted by MaryPoppins

Everyone of the Chapters said that it would negatively impact their finances to move Recruitment a whole semester. Given that not for profits cannot retain proceeds after expenses (known as profit in the for profit world) it may have seemed impossible to plan for that eventuality.

Definitely to the first sentence as they would lose a whole semester of income. As for the second sentence, that's not exactly the case for all non profits. C 3's can retain quite a bit of revenue in investments and use the interest/dividends for programming and donations without any problems. C 7's, which is what most NPC's are nationally and locally (as well as most HCs) can retain a "reasonable" portion - but Lord only knows what that might mean to an IRS agent these days! Also, C 7's can do "set asides" with non member income (interest, dividends, rentals to non members, donations, etc) over $1000 per year for certain approved items such as principal payment on a mortgage, educational and charitable giving. To go a little further, some HCs are C 2's which are title holding corporations. They must spend all their income by the end of the fiscal year or return it to the stock holders. The only exceptions here are voted on items that will maintain their property (roof, boiler, etc) for which they need to accumulate funds over several years. (The old housing person in me coming out! I even have a chart of all this.)

[MaryPoppins]

Originally Posted by Titchou

Definitely to the first sentence as they would lose a whole semester of income. As for the second sentence, that's not exactly the case for all non profits. C 3's can retain quite a bit of revenue in investments and use the interest/dividends for programming and donations without any problems. C 7's, which is what most NPC's are nationally and locally (as well as most HCs) can retain a "reasonable" portion - but Lord only knows what that might mean to an IRS agent these days! Also, C 7's can do "set asides" with non member income (interest, dividends, rentals to non members, donations, etc) over $1000 per year for certain approved items such as principal payment on a mortgage, educational and charitable giving. To go a little further, some HCs are C 2's which are title holding corporations. They must spend all their income by the end of the fiscal year or return it to the stock holders. The only exceptions here are voted on items that will maintain their property (roof, boiler, etc) for which they need to accumulate funds over several years. (The old housing person in me coming out! I even have a chart of all this.)

Thank you. It has been 18 years since I was the FCB Secretary. And of course the operations policy varies from GLO to GLO.

[Titchou]

Originally Posted by MaryPoppins

Thank you. It has been 18 years since I was the FCB Secretary. And of course the operations policy varies from GLO to GLO.

As much as I keep trying to say that I am "retired" I seem to find myself helping to build a house in NC for one of our chapters and serving on the NPC University Housing Initiatives Committee! (Don't you love it when they nominate you for a position and forget to tell you until you've already been chosen?) I do have to admit it's been interesting.