Tuesday, February 14, 2012

Giving back to the Community

As Executive Director here at FTI,  I wear many hats.  Though Mrs. Kfred primarily acts as Director of Institute Safety, she is, in reality, our Chief Financial Officer for Institute purposes.  Basic accounting and day to day financial transactions are handled solely by her.  For our personal responsibilities, though,  when it comes to taxes, that's my baby.

As noted in the About FTI tab above,  our endeavor here is to offer policy analysis, event commentary, and recount observations.  Any financial gain along the way is secondary.    Accordingly, by listening to the investment advice of one D., the Peap, investor/extraordinaire, who's can't miss, sure-fire, investment picks include such industry stalwarts as Enron, Washington Mutual, and most recently, Kodak, our tax liability is, has been, and continues to be, ahem, negligible.  (Investment tip to our 2 faithful readers:  Ignore any advice if given by an individual who regularly develops temporary blindness everytime a lunch check is presented at the table. His memory of can't miss stocks seems to be affected in the same manner.)    Anyways, after reporting and accounting for the personal compensation as Executive Director I receive here, scouring tax code for every possible deduction I can find, and arguing that I should be eligible for hardship pay, it looks like Mrs. Kfred and I are going to receive a whopping $185 refund from the government.  Big deal.

In reflecting over how to best give back to the  FTI community with my modest windfall, I am torn between adding to the funding for our annual membership drive or buying a folding chair to create interest for our upcoming 2nd FTI "Western Hemisphere Relations Forum /Auto Parts Swap Meet".   Our first outing was, ah, disappointing.  It is my intent and fervent hope that with the additional seat available, someone might actually attend and participate.

Chevy parts are over there.

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