J. Cunningham  highlighted the Harriett Ball Excellence in Teaching Award Winner:
Jamar Brownlee

Congrats to C. Benson who graduated with her Masters in Non Profit Leadership

M. Eigen updated the Board on Academics:

Update on Response to KDCA Incident

• Student Status
• Updated Safety Protocols

• Change in End of Year Schedule
• Student & Staff Supports from Amanda Neil
• Impact and Plans for Next Year and amped up efforts on safety in the light of gun violence concerns nationwide.

Predictive Data

• Data is from internal test data gathered from 3 elementary schools. With significant differences amongst different schools. Ultimately will gather data from final state assessment.
• J. Cunningham explained that date analysis work will be the focus this summer to keep what's effective and drop anything that is not.
• H. Richman asked about a comparison with other schools.
• M. Eigen said that we dont have those data yet.
• J. Cunningham explained that it was low across the board especially with the impact of covid. More information to come in the Fall meeting.

Priorities for Next Year ( 22-23 Academic Team Priorities)

1. Promote and Practice Liberator Education Approach
2. Address Social, Emotional, and Academic Impact of Covid
3. Ensure Robust and Consistent Teacher Support
4. Create a Cohesive and Organized Academic Team

PRIORITY DETAIL
1. Promote and Practice Liberator Education Approach through consistently utilizing
collaborative design and decision making processes and ensuring the identities of our students
and families are centered in our work.
2. Address Social, Emotional, and Academic Impact of Covid through an accelerated learning
approach and focused use of data supported by an affirming school culture and targeted social
emotional supports
3. Ensure Robust and Consistent Teacher Support by ensuring consistent and quality AP/teacher coaching cycles and RO/AP support cycles.
4. Create a Clear and Organized Academic Team by setting up and maintaining strong
communication, collaboration, organization, codification and reflection processes and systems.

• Key Initiatives for Next Year

INTENSIVE LEADERSHIP SUPPORT - Focused, strategic training, coaching and skill gateways
for new leaders.

FOCUSED IMPLEMENTATION - Intensive school support for priority content areas: K-3
Reading, 4-6 Math, 7-10 ELA, Algebra 1

MTTSS - Multi Tiered System of Support: Structures at every school to identify students in need of emotional, behavioral, and/or academic support with data, implement intervention and monitor improvement.

NEW CURRICULUM - Adding curriculum:
- 3-4 Reading: Wonders
- 5-8 science: Amplify

TUTORING - Math tutoring aligned to best practices at elementary and middle schools.
 

RESEARCH, AUDITING & SYSTEM BUILDING - Looking forward with research and systems building.

C. Benson & J. Davidse updated the Board on Development:

Progress-to-goals

Annual Commitment: 41%
Goal: 100%
Campaign Commitment: 100%
Goal: 100%
Pledge forms were urged to be returned by June 30, 2022!

Reimagined Learning Spaces: $4,175,000
Goal: $8,000,000

KIPP Forward: $690,627
Goal: $1,000,000

Regional Operations Expansion: $2,230,031
Goal: $1,000,000

DEVELOPMENT CONTEXT

Development Context
 

• Currently, we have a $2.9 funding gap. We are awaiting pledges from a few six and
  seven-figure prospects that are highly likelihood to give in support of the capital
  campaign.
• As we approach the end of the fiscal year, we developed three funding scenarios to
  give the committee and board an idea of potential end-of-fiscal year gaps/surpluses.
• This analysis was done using known information and best guesses on our donors'
  giving potential and likelihood to receive a gift by fiscal year end.
• These scenarios do not represent our ability to solicit and subsequently close gifts,
  but rather represents the implication timing could have on our fiscal year goal.

FUNDING SCENARIOS

ding Scenarios
Principal Gifts ($100k+)
Major Gifts (55k-599K)
Total
Gap/Surplus


 

Campaign Updates

Future without limits recap:

• Fitler Club - May 5, 2022
• 40 attendees
• 19 donor/ partner prospects
• Program book

NEXT STEPS

• Targeted donor follow-ups
• Meetings
• Tours (schools and buildings)
• EOY asks

• Annual Report

CONTEXT

• The last annual report was published in 2017
• The first annual report in five years!
• Messaging/Themes included:
  KPPS 15th anniversary
  KIPP Next Campaign
  2020 Vision
  Impact
  Growth
  Sustainability
• General Updates

DAY OF GIVING - 
$25
College application fee
 

$50
Course supplies
 

$100
ACT I SAT testing fee
 

$250
College stipend
 

$500
Campus visits

KWPEA MURAL UNVEILING was successful.
 

• FY22 Board member election and Officer slate (VOTE)

1. KPPS Board 2022-23 Officer Slate^:
-Samantha Wilson Jones - President
-Ann Aerts - Vice President
-Bernard Cummings - Treasurer
-Amanda Keyes - Secretary
^ - KPPS 2022-23 Board Officer Slate and full Board vote includes all KPPS Charters
 

2. KPPS Board Member Term Renewals:
- Hershel Richman
 

3. KPPS 2022-23 Board Committee Chairs:
- Samantha Wilson Jones - Executive Committee
- Ann Aerts - Governance Committee
- Bernard Cummings - Finance Çommittee Chair
- Gail Lewis - Academics Committee
- Jerry Davids - Development Committee**
** - Sits under KASC Board for both

• SY21 Board Meeting Schedule (VOTE)

Legal RFP Completion

N. Wiltshire updated the board on the selection of the following:

Barton Gilman
Fox Rothschild*

Who both bring extensive expertise and diversity of their team to the services they will be providing.

W. Jones  & B. Cummings updated the Board on Finance

FY22 YTD Actuals
 

• Revenue $42.1M ($0.3M behind budget) timing of federal revenues reimbursements. Grant from KASC to KPCS offsets revenue shortfalls.
• Additional reimbursement submitted in early June. Will add approximately $0.5M to revenues. Working with new Public Grants Manager to identify finalize FY22 submission
  in coming weeks.
   

Expenses

• Expenses are $40.3M ($2.4M lower than budget) driven by vacancies and lower than expected usage of external supports and placements for students with IEPs.
  Net Surplus/Deficit $1.9M ($2.1M ahead of budget)

FY22 Audit Update

• FY22 audit with CLA is underway. Key shifts in project management strategies:
o CLA has expanded junior team members
o Leveraging on-site work
o Strong project management with specific timing for various areas of testing
o Increased awareness of audit expectations at KIPP Philly

• Preliminary fieldwork began on May 23rd. Areas of testing that are completed/near completion:
o Interviews with key staff members
o Student and employee files
• Cash receipts/disbursements
o Credit cards
o TB/GL activity through March 31st
 

Next steps as follows:
Close out open items by the end of June
o Finalize reconciliation of federal programs. CLA to test programs in August.
o Final fieldwork to begin in September. Focus on year-end adjustments and final numbers.
 

FY23 Budget Proposals

FY23 Per Pupil Update

Per pupil rate for students with IPs is significantly higher than expected. These new rates will be reflected in the fall budgets.

KPCS & KPOC FY23 BUDGETS

KIPP Philadelphia Octavius Catto
• FY23 budget projects deficits. This is not uncommon for start-up school. Will monitor cash closely. Strategies to manage deficit/cash balance in coming year include:
o Cash infusion from KASC (loan or grant)
o Negotiate timing of payments with key vendors
 

KIPP Philadelphia Charter School
• Updated cash flow projections for FY23 to include impact of inter-entity activity. The resulting impact is $0.5M cash gap in the coming year. Strategies to manage deficit/cash balance in coming year include:
• Increase fundraising allocation for school from $1.50M to $2.10M ($0.65M)
o Retain a portion of the food service reimbursement for other schools ($1.0M)
• KPCS receives all food program reimbursements on behalf of the region.

H. Richman had questions about historical choices that have been made between using grants or loans.

N. Wiltshire explained that we had typically done grants in the past.

FY23 KEY VARIABLES TO MONITOR

Staffing
Our staffing models at the schools are in place for the upcoming year. We are monitoring turnover during the summer for both certification and years of teaching experience. Significant shifts in staffing composition will impact revised budgets in the fall.
 

Per Pupil Funding
School district has not finalized its per pupil rates for FY23. We have received finalized rates for FY22, and we are receiving a slight increase.
The general education rate increased to $10.9K from 10.6K, and the special education rate increased to $31.5K from $31.2K.
 

The 11.5% decrease is still our best projection. Further reductions in the FY23 per pupil rate would require regional and school leadership to evaluate personnel and non-personnel expenditures.
 

Enrollment
Finance and operations are collaborating to monitor enrollment at all of our schools, especially KPOC. We are working with school leadership to ensure we meet our enrollment targets. We will have a clearer picture of enrollment during late summer and early fall as school begins.
 

Regional and school leadership is aware of the budget challenges in the coming year and are prepared to make shifts if the need arises over the summer.

J. Cunningham cast more light on the variables above and the anticipated challenges to come with talent acquisition in the upcoming school year as well as the need to double down to strategize around KPOC enrollment.

Real Estate Update

N. Wiltshire updated the Board on Real Estate:

WHITTIER - 

1. On track for delivery of 19 classrooms plus gymnasium by end of August
2. 1st day of school on track for September 6th
3. Windows delayed until mid October
4. Phased plan for window installation
     - Enough "extra" space in building to allow for classrooms to shift during installation.

4601 MARKET PLACE - FUTURE HOME OF KIPP CATTO

• On track for delivering full building in July
• Playground installation may be delayed -awaiting more details.
• We have a verbal Certificate of Occupancy which is a win for us.
• Tours are still going on.
• S. Wilson Jones had questions about target for enrollment for students.
•  N. Wilshire & J. Cunningham assured that the Board we are on target to meet the 200-kid goal.

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