Lumen Public School
Minutes
Board Meeting
Date and Time
Friday December 18, 2020 at 8:45 AM
Location
https://us02web.zoom.us/j/87647424596?pwd=Si9qbHIrSkhyMVVPR1VLNW1ZaStaZz09
Directors Present
C. Davis Jones (remote), C. Plager (remote), D. McMurray (remote), J. Allen (remote), J. Ray (remote), T. O'Sullivan (remote)
Directors Absent
A. Lloyd
Guests Present
S. Edwards (remote)
I. Opening Items
A.
Call the Meeting to Order
D. McMurray called a meeting of the board of directors of Lumen Public School to order on Friday Dec 18, 2020 at 8:46 AM.
B.
Land Acknowledgement
C.
Record Attendance
D.
Approve Minutes
C. Plager made a motion to approve the minutes from Board Meeting on 11-20-20.
T. O'Sullivan seconded the motion.
The board VOTED unanimously to approve the motion.
II. Finance
A.
Monthly Financials
III. Consent Agenda
A.
Approve Approve November Payroll & AP #1048-1071
T. O'Sullivan made a motion to To approve.
C. Davis Jones seconded the motion.
The board VOTED to approve the motion.
B.
Approval of Policy & Procedure #2410
D. McMurray made a motion to To approve Policy 2410.
C. Plager seconded the motion.
The board VOTED to approve the motion.
IV. Executive Director/ Principal updates
A.
Organization Updates
Shauna - year end giving campaign - newsletter is going out today or Monday. 2nd share on social media. Giving Tuesday - 5 new monthly donors - $7000 range
Grant updates - Women helping Women, Murdock - GLOW, Innovia just opened grant cycle, submitting Larry H Miler - Amy made this connection - looking at $10,000
Messaging - 16 Days of winter break Activities - boxes delivered - have every supply that they would need. Help feel connected to Lumen even on Winter Break.
Messaging - consistent messaging out to community of all the positive things happening.
Spring - Student lead leadership project partnering with Generation Alive - student lead - 3/4 students on the team to serve downtown.
New Community Church - pajamas and book
Canopy Bank - gift cards and PNW socks
Mrs. Pettey - slideshow - Lumen community. Beautiful - Special - Hard journey of our students.
Will share PowerPoint with Board.
Grant updates - Women helping Women, Murdock - GLOW, Innovia just opened grant cycle, submitting Larry H Miler - Amy made this connection - looking at $10,000
Messaging - 16 Days of winter break Activities - boxes delivered - have every supply that they would need. Help feel connected to Lumen even on Winter Break.
Messaging - consistent messaging out to community of all the positive things happening.
Spring - Student lead leadership project partnering with Generation Alive - student lead - 3/4 students on the team to serve downtown.
New Community Church - pajamas and book
Canopy Bank - gift cards and PNW socks
Mrs. Pettey - slideshow - Lumen community. Beautiful - Special - Hard journey of our students.
Will share PowerPoint with Board.
B.
School Update
C.
Approve ED Goals
T. O'Sullivan made a motion to Executive Director Goals for 2021 for Lumen.
C. Plager seconded the motion.
Shauna’s goals - match and align with Board memo.
The board VOTED to approve the motion.
V. Development Plan
A.
Plan
Came from Template from WA Charters
Phases
Partnerships - Example - Canopy Bank
Launch of Lumen - moving into Operating mode move into 2021
Budget - Goal Fundraiser 150k each year / help maintain same level of support when start up money is gone
Working on Longterm partnerships - Sponsors - Donors
Businesses in Spokane excited to fund a story - example Canopy Bank
4 Degrees Real Estate - discussion partnership
Amy ideas - community support, national brands, Career Days,
Solicitation strategies - How
Needs the Boards help - Thank your, campaigns, creative ideas, more partnerships,
Big Dreams - endowment fund through Innovia Foundation
Facilities - Big Dream to help funding with upkeep of facilities and funding for Facility.
Additional Funding - for long term term - Goals
Development - Amy is the lead from Board - committee would be helpful
Board - send ideas to Shauna
Phases
Partnerships - Example - Canopy Bank
Launch of Lumen - moving into Operating mode move into 2021
Budget - Goal Fundraiser 150k each year / help maintain same level of support when start up money is gone
Working on Longterm partnerships - Sponsors - Donors
Businesses in Spokane excited to fund a story - example Canopy Bank
4 Degrees Real Estate - discussion partnership
Amy ideas - community support, national brands, Career Days,
Solicitation strategies - How
Needs the Boards help - Thank your, campaigns, creative ideas, more partnerships,
Big Dreams - endowment fund through Innovia Foundation
Facilities - Big Dream to help funding with upkeep of facilities and funding for Facility.
Additional Funding - for long term term - Goals
Development - Amy is the lead from Board - committee would be helpful
Board - send ideas to Shauna
VI. Facility Updates
A.
GLOW facility project
GLOW - working hard to complete their classrooms. Goal - Jan. 1 - certificate of occupancy.
Work parties to assist in getting up and running.
150k Loan from WA Charters - Lumen Paid - GLOW will pay back Lumen when up and running.
82K Loan / 6% Loan - Financing Committee met to discuss, recommendation to get the loan instead of using cash reserve.
Cory - Liquidity is incredibly important at this time - Can pay loan off early with now penalties.
The Board is in agreement to move forward with Loan / 100% Thumbs Up Emoji!
Work parties to assist in getting up and running.
150k Loan from WA Charters - Lumen Paid - GLOW will pay back Lumen when up and running.
82K Loan / 6% Loan - Financing Committee met to discuss, recommendation to get the loan instead of using cash reserve.
Cory - Liquidity is incredibly important at this time - Can pay loan off early with now penalties.
The Board is in agreement to move forward with Loan / 100% Thumbs Up Emoji!
VII. Governance
A.
Leads for Board Members
Still looking for leads for board members
Jene - Assessment on Board on Track to help determine what we are looking for.
Log into Board on Track - take assessment
Jene - Assessment on Board on Track to help determine what we are looking for.
Log into Board on Track - take assessment
B.
OPMA Compliance
Still in compliance extended to Jan 12th. - Virtual Board Meetings
VIII. Closing Items
A.
Executive Session
B.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:49 AM.
Respectfully Submitted,
D. McMurray
Jared - Huge payment in November to WA Charters. Total projection for the year - declined - decision to not collect rent from GLOW. Going forward this will resume. Grant monies - meals to students - funding is coming in. Additional Grant money - additional social services to students.
Shauna - Charts - reformatting existing information - financial metric that Spokane Schools evaluates with. We are exceeding the metric - and projected to continue to make growth.
Margin in cash flow - goal is to positive above zero. At this point we are negative - projected to be positive - normal to be in the negative beginning of the school year.
Jared - All metrics will resolve over time.