Voices for International Business and Education
Minutes
Finance/Development Committee Meeting
Date and Time
Wednesday February 12, 2025 at 6:00 PM
Location
2733 Esplanade Avenue
New Orleans, LA 70119
Committee Members Present
C. Walker, D. Francois (remote), G. Espinoza, K. Dwyer, K. Wolfe, L. Arellano-Rivera, P. Manson
Committee Members Absent
None
Guests Present
A. Berger, E. Thomas, F. McKenna
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance and Guests
C.
Approve Minutes - December 18, 2024 Finance Comm Meeting
| Roll Call | |
|---|---|
| K. Dwyer |
Aye
|
| G. Espinoza |
Aye
|
| P. Manson |
Aye
|
| L. Arellano-Rivera |
Aye
|
| K. Wolfe |
Aye
|
| C. Walker |
Aye
|
| D. Francois |
Absent
|
II. IV. Financial update
A.
Review Financial Reports
B.
Updates on Finance committee related matters
Budget Revision with Berger, Finance, and Emily's
most expensive come from the Academic team. Met with each person in academics to give them their budget.
Legal fees
Financial Audit
350 thousand deficit. However, we are removing unnecessary expenses.
HR-Emily and Fanny are working on that.
Berger is suggesting needing two staff members, Emily and Aviva to complete to do the closeout with her.
LEAP is late- this year so we need a data person to finalize that information.
We are a nonprofit organization 503 c3- any purchase with private money is ours to donate
III. Development
A.
Development Updates
Uyen is presenting
Send Tax letters to all our donors
GiveNola- May 6
Submitted a permit for Jazz Fest weekends
Working on community fair-
request the tent
apply for permit
IHSNO branded material to give
meeting dates on the calendar for future planning.
Linda and Grace Community Fair April 6
Connect community with Resources
Finanalizng the flyer
Looking for Vendors
Both our Art Teachers- please invite them
Professional Q/A - to share with our students
need a list of Board members
need a volunteer to make phone call
need people to set up
Looking for a vendor for crawfish for $765- Linda will cover the cost of that
need more food donations
student performances
IB student to showcase the IB Art
Entrainment
Face paint/Hanna paint
Linda 504-616-9204905
Our facilities like some logistics-
Vendor Give a % of your earnings.
Alumni updates
Valentine's party on Saturday $20 at the door.
Raffle baskets
Prom drive/ business attire.
Uyen will send the flyer to our staff and teachers.
March 26, 2025
Kellie wants to be on the committee-
Monday 2/24 meeting, virtual meeting. 6 pm community meeting
Review and November and December financials. See report.
Feb1 count 369 students
Grants- ESSER reimbursement received.
Expenses
Salaries below YTD budget
Benefit-cost lower
Big expenses are in Facilities- air condition
Insurance expenses over YTD- due to large upfront payment
Other expenses include MFP fees and annual dues for GNO and LAPCS
Cash flow projections will be prepared based on the revised budget and will include transition and closing costs.