F.A.M.E., Inc.
Minutes
F.A.M.E. Board Meeting
Date and Time
Monday December 18, 2023 at 6:00 PM
Location
3128 Constance Street
Directors Present
B. Levine, C. Tucker, D. Mipro, H. Leblanc, K. Wilkins, L. Moran, R. Fernandez
Directors Absent
C. Lebas, J. Perez
Directors who arrived after the meeting opened
R. Fernandez
Ex Officio Members Present
S. Corbett
Non Voting Members Present
S. Corbett
Guests Present
A. Collopy, A. Dupre, D. Kohl, K. Bourgeois
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
D.
Motion to Amend the Bylaws
II. Discussion
A.
Principals Report
B.
Financial Update
Darius gave a financial update. We are currently forecasted net income of $389K, which is $230K above budget. FY23 is nearly complete with LaPorte. The school will end the year with 101 days of cash. This is above recommended.
C.
Governance Report
Lourdes discussed with the board the amended changes made to the number of directors and removal of directors for two-thirds attendance. Lourdes also shared the committees and who was in each committee.
D.
Merrill Lynch Account Resolution
III. Closing Items
A.
Academic Update
Adrienne updated everyone on our SPS for each school. Reminder that the scale is changing next year for the state. Next year an A school will be between 95-150. This year Uptown is an A (91.9) 7.7pt gain and far exceeding our pre-pandemic goal. Gentilly is a C (64) with a 14.2 pt gain overall and has an A rating for Progress Index (growth). This gives Gentilly an automatic renewal.
B.
Operations Update
Alisa updated the board on facilities. We're working with Mathis Brierre for renovations/ projects at Live Oak and Gentilly. We're planning to update the play area to make it more age appropriate. We need more classrooms at Gentilly, so we are using the auditorium to split into four classrooms for the Arts. Both projects completed by August.
C.
CEO Remarks
Darleen updated us on the Fall Fete sharing how successful it was. We made around $35K-$40K. Elections for PTA have wrapped up and newly elected officials will start attending meetings.
Steve completed the compensation study with EdFuel and started focus groups for staff interested. We are looking to be more competitive with pay. We have a couple of members stepping off and Steve recognized all their services.
Dustin updated us on the schools. Dance team participated in a televised performance. Upper school had live French Museum at campus. Athletics is in full swing with basketball and soccer. The lower campus had a visit from the Mardi Gras Indians. Upper School is having a Chinese New Year performance. Gentilly hosted its first annual Picnic, and it was a huge success as was the Fall Fete for Uptown.