You are on page 1of 5

Then get them yourself.

It is not my job to get your information 


together.

Sent from my iPhone

On May 7, 2009, at 7:28 PM, Kids In Motion <kidsinmotion@yhti.net> 


wrote:

> Kim,
> I would really apprecaite a months end report for April for the 
> entire business.
> Piper
> ----- Original Message ----- From: "Kim Helm" <kimberlyhelm@mac.com>
> To: "Kids In Motion" <kidsinmotion@yhti.net>
> Sent: Thursday, May 07, 2009 6:04 PM
> Subject: Re: Purchase of the Gym
>
>
>> Piper,
>>
>> If you need ink go get it and turn in the receipt.  Stop involving 
>> Janet in the operations of the business.  You had no problem 
>> spending 500.00 to paint the gym.  This is getting out of control.  
>> I am meeting with Greg tomorrow.  When are you meeting with the 
>> bank?  This needs to get resolved.  Your program was $1,100.00 in 
>> the red for April and with the bills you sent over today you are 
>> well on your way to going over budget again.  The gym program is 
>> draining the business.  You need to get your loan figured out.
>>
>> Kimberly Helm, MS, CCC-SLP
>> Gateway Center for the Arts
>>
>>
>> On Thursday, May 07, 2009, at 04:23PM, "Kids In Motion" <kidsinmotion@yhti.net
>> > wrote:
>>> Kim,
>>> Nadiana will pick up the stuff from you tonight. I am sure she 
>>> will not look
>>> at anything. As for a bank account, i did not set one up you told 
>>> me not to.
>>> Piper
>>> ----- Original Message ----- From: "Kim Helm" <kimberlyhelm@mac.com>
>>> To: "Kids In Motion" <kidsinmotion@yhti.net>
>>> Sent: Wednesday, May 06, 2009 6:51 PM
>>> Subject: Re: Purchase of the Gym
>>>
>>>
>>>> The role sheets and copies of the tax returns are at the front 
>>>> desk.  I
>>>> would prefer for you to pick them up personally as I don't think 
>>>> the tax
>>>> returns are anyone else's business.
>>>>
>>>> I am pulling financials together for Greg for my part of the 
>>>> loan.  I have
>>>> the information for the bank account for Helm & Hoemann and the 
>>>> Gateway
>>>> bank account (which was set up with the fundraiser money).  Did 
>>>> you set up
>>>> a bank account for Kids In Motion?  Greg will need any 
>>>> information we have
>>>> on all bank accounts related to the business.
>>>>
>>>> Kimberly Helm, MS, CCC-SLP
>>>> Gateway Center for the Arts
>>>>
>>>>
>>>> On Wednesday, May 06, 2009, at 04:40PM, "Kids In Motion"
>>>> <kidsinmotion@yhti.net> wrote:
>>>>> Kim,
>>>>> I also need the role sheets for the gym classes for 2008. I need 
>>>>> to show
>>>>> him
>>>>> enrollment numbers and tuition.
>>>>> Piper
>>>>> ----- Original Message ----- From: "Kim Helm" <kimberlyhelm@mac.com
>>>>> >
>>>>> To: "Kids In Motion" <kidsinmotion@yhti.net>
>>>>> Sent: Wednesday, May 06, 2009 11:14 AM
>>>>> Subject: Re: Purchase of the Gym
>>>>>
>>>>>
>>>>>> Piper,
>>>>>>
>>>>>> I have the tax info at the studio so you can pick them up 
>>>>>> whenever you
>>>>>> have a chance.
>>>>>>
>>>>>> With regards to the loan, please keep me informed of your 
>>>>>> progress.  I
>>>>>> want to try to get this wrapped up before summer programming.
>>>>>>
>>>>>> In the event that you are unable to get the loan, there are other
>>>>>> avenues
>>>>>> to dissolve the business.  That is not the most desirable 
>>>>>> route, but
>>>>>> that
>>>>>> is my intention regardless of whether you secure a loan or not.
>>>>>>
>>>>>> Let me know if you need any other information.
>>>>>>
>>>>>> Thanks.
>>>>>>
>>>>>> Kimberly Helm, MS, CCC-SLP
>>>>>> Gateway Center for the Arts
>>>>>>
>>>>>>
>>>>>> On Monday, May 04, 2009, at 02:32PM, "Kids In Motion"
>>>>>> <kidsinmotion@yhti.net> wrote:
>>>>>>> Kim,
>>>>>>> As for the bank, Greg said once we have the split amount of 
>>>>>>> the loan
>>>>>>> agreed
>>>>>>> upon, then he can help me try to get my own loan. I will give 
>>>>>>> this email
>>>>>>> to
>>>>>>> my attorney along with the paperwork Tom gave me. Once the 
>>>>>>> split is
>>>>>>> agreed
>>>>>>> upon then I will need 2007/2008 taxes to give to Greg. I will 
>>>>>>> also need
>>>>>>> the
>>>>>>> gym role sheets, which you have, for 2007 (in the tax tub) and 
>>>>>>> 2008 you
>>>>>>> took
>>>>>>> them with the payroll stuff from the filing cabinet. I need to 
>>>>>>> show him
>>>>>>> number for enrollment. He said if it was close to a 50/50 
>>>>>>> split then he
>>>>>>> would just go by the taxes for the business to figure out the 
>>>>>>> loan.
>>>>>>> Again,
>>>>>>> If I am not able to procure a loan since at present I have no 
>>>>>>> income to
>>>>>>> my
>>>>>>> name then some other kind of legal arrangement will have to be 
>>>>>>> met
>>>>>>> concerning the loan. Thank you so much for the information. If 
>>>>>>> you would
>>>>>>> please have the role sheets and tax documents for me on 
>>>>>>> Thursday either
>>>>>>> Huntley or Nadiana will pick them up from the front desk 
>>>>>>> during the time
>>>>>>> Nadiana volunteers for the studio. Oh, also while I was 
>>>>>>> cleaning out
>>>>>>> some
>>>>>>> papers I found that copy of Ursula's drop notification for 
>>>>>>> people to
>>>>>>> fill
>>>>>>> out when they stop attending. I will send that with Nadi on 
>>>>>>> Thursday,
>>>>>>> along
>>>>>>> with a deposit and the packing slip for the medals. We missed 
>>>>>>> Sophie and
>>>>>>> Corrine at the mini-olympics.
>>>>>>> Thank you,
>>>>>>> Piper
>>>>>>> ----- Original Message ----- From: "Kim Helm" <kimberlyhelm@mac.com
>>>>>>> >
>>>>>>> To: <kidsinmotion@yhti.net>
>>>>>>> Sent: Monday, May 04, 2009 12:59 PM
>>>>>>> Subject: Purchase of the Gym
>>>>>>>
>>>>>>>
>>>>>>>> Piper,
>>>>>>>>
>>>>>>>> I have spent a considerable amount of time working on the 
>>>>>>>> split of the
>>>>>>>> business.  Based on advice from my attorney and the 
>>>>>>>> accountant, the
>>>>>>>> most
>>>>>>>> logical way to split the business is to do the following.... 
>>>>>>>> We simply
>>>>>>>> need to figure the value of the assets for each location, and 
>>>>>>>> then
>>>>>>>> split
>>>>>>>> the remainder of the loan balance evenly.  Based on the 
>>>>>>>> information on
>>>>>>>> our
>>>>>>>> latest Tax Returns and Asset list, we have roughly $40,000 
>>>>>>>> worth of
>>>>>>>> assets.  Most of these assets are at the gym.  The only real 
>>>>>>>> assets at
>>>>>>>> the
>>>>>>>> Studio are inventory and other assorted items.  Based on this
>>>>>>>> assessment,
>>>>>>>> the studio has about $7,500 worth of assets and the Gym has 
>>>>>>>> about
>>>>>>>> $32,500.
>>>>>>>> Again, these are are hard numbers based on actual asset 
>>>>>>>> valuations.
>>>>>>>> Understand that what we paid for the business has little to 
>>>>>>>> do with
>>>>>>>> the
>>>>>>>> current value.
>>>>>>>>
>>>>>>>> Since our loan balance currently is about $150,000, we would 
>>>>>>>> subtract
>>>>>>>> the
>>>>>>>> $40,000 in assets, which would leave us $110,000 to split 
>>>>>>>> evenly.
>>>>>>>> This
>>>>>>>> equates to a purchase price for the gym of $87,500.
>>>>>>>>
>>>>>>>> I am ready to finalize this split.  I need you to update me 
>>>>>>>> on your
>>>>>>>> status
>>>>>>>> ASAP.  I have asked you several times to let me know where 
>>>>>>>> you stand
>>>>>>>> with
>>>>>>>> the loan, etc, but you have yet to get back to me.  I need to 
>>>>>>>> know
>>>>>>>> what
>>>>>>>> your intentions are so we can both move on.
>>>>>>>>
>>>>>>>> I am meeting with the bank this week to begin finalizing the 
>>>>>>>> loan for
>>>>>>>> my
>>>>>>>> end.  Let me know if you need any other information.
>>>>>>>>
>>>>>>>>
>>>>>>>> Thanks.
>>>>>>>>
>>>>>>>> Kimberly Helm, MS, CCC-SLP
>>>>>>>> Gateway Center for the Arts
>>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>
>>>>>
>>>>>
>>>>>
>>>>
>>>
>>>
>>>
>

You might also like