AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN
QUARTERLY BOARD of DIRECTORS MEETING, Denver, CO
June 20, 2018
The AAPL Quarterly Board Meeting was held on June 20, 2018 at the Sheraton Denver Downtown Hotel, Denver, Colorado. David Miller, AAPL President, called the meeting to Order. The Invocation was given, followed by the introduction of guests and roll call of the Executive Committee, Directors and Committee Chairs. Upon adoption of the Agenda, the minutes from the last board meeting on March 11, 2018 were adopted by acclamation.
Treasurer’s Report: Glen Mauldin, Treasurer, provided a report on AAPL and its affiliates for the period ending March 31, 2018 as follows:
As compared to March 31, 2017, AAPL, Inc.’s total assets have increased from $30,074,690 to $32,644,891 – a change of $2/570/201 or 8.55%. Total liabilities, as compared to March 31, 2017, have increased from $1,426,826 to $1,612,554 - a change of $185,728 or 13.02%. Funds in the amount of $573,654 were withdrawn for disaster relief.
Revenues (exclusive of investment revenue) compared to March 31, 2017 have increased from $2,439,582 to $2,919,300, a change of $479,717 or 19.66%. The increase in revenue is due to the increase in membership dues prices, reinstatement of recertification fees, increase in publications income, Contract Center income and rental income from NAPE Expo.
Expenses have increased 3.15% from $4,905,434 to $5,060,017, a change of $154,584. The increase in expenses is due in large measure to a $573,654 disaster relief contribution AAPL made to the AAPL Educational Foundation. When excluding the donation, expenses decreased by 8.54% overall. The decrease is due to the elimination of governmental lobbying expenses and a reduction in salaries, contract labor, and benefits by moving seven employees to NAPE Expo.
Investments as of March 31, 2018 are $26,335,283, an increase of $2,422,980, or 10.13% as compared to the same period last year. The change has been the result of unrealized and realized gains in the AAPL investment account. Funds withdrawn from the investment account were solely related to the disaster relief.
As of March 31, 2018, the Education Foundation, Inc.’s balance sheet reflects $4,078,926, which is an increase of $437,335 or 12% as compared to the same period last year. The Statement of Investment Accounts reflects $3,907,807 total monies invested which is an increase of $269,221 or 7.39% as compared to the same period last year.
As of March 31, 2018, the Landman Scholarship Trust’s balance sheet reflects $7,352,955, which is an increase of $641,223 or 9.55% as compared to the same period last year. The Statement of Investment Accounts reflects $7,298,304 total monies invested, which is an increase of $618,555 or 9.26% as compared to the same period last year.
The 2018-2019 Officer Slate was presented by Harold Reinmiller:
President: Mike Curry
1st Vice President: Jay Beavers
2nd Vice President: Cranford D. Newell, Jr.
3rd Vice President: Aaron Yost
Secretary: Chuck Walton
Treasurer: Michael Pisciotte
Steve Wentworth, Ginny Markley and Bryan Cortney gave a presentation of AAPL’s brand audit. The presentation included survey information that helped identify key branding messages and brand personality. AAPL developed a positioning statement, brand promise, new logo and a new tagline. The logo and tagline will be officially unveiled at next year’s Annual Meeting.
Revisions to the ByLaws were presented by Randy Blurton. These revisions were approved at the Business Luncheon.
AAPL General Report:
AAPL has recruited and hired the following staff members:
Director of Education and Member Services
Member Services Coordinator
NAPE Creative Designer
AAPL Membership is 16,264.
The final rounds of assistance to the disaster relief were distributed. Approximately $100,000 was retained for future events. The Disaster Relief Committee will be disbanded.
Nape and Annual Meeting:
Summer NAPE: August 15 & 16
Sponsorships surpassed last year by over $100,000.
Attendance increased 40%.
Exhibitors increased 36%.
Over 37% of sponsors are new sponsors.
Two Harley Davidson prize drawings.
Attendance was highest in several years (890 total).
49 Speakers, Staff, Past Presidents
$201,250 in Sponsorship Revenue (compared to $36,000 in Orlando in 2016).
2019 Pittsburgh Annual Meeting has already raised over $70,000 in sponsorships.
Other Noteworthy News/Reports:
If you are interested in networking and mentoring, I encourage you to look into the Landman Advisory Connection Program. The program provides a platform for experienced land professionals to mentor new members of our profession or those who may desire to enhance their skills in a certain area of focus.
If you are in need of credits, please check the AAPL website as previously recorded seminars are available for as low as $10/credit.
The next Board of Director’s meeting will be at the Grand Bohemian Hotel, Mountain Brook, Alabama in September.
If you are interested in serving on an AAPL or OCAPL committee or otherwise becoming more involved, please feel free to contact me. Additionally, if you have any questions, comments, concerns, or ideas regarding the AAPL and/or its services, please do not hesitate reach out.