Rev. Dr. Marion Newton provided the invocation. 

Dexter Davis led the Board in reciting the Pledge of Allegiance. 

Greg Thompson shared with the Board his excitement over the opening of the second campus, being fully staffed, and fully enrolled going into the third year of LSC's operation. 

Kimberly Rauschenbach read aloud the mission statement. 

Cammy Chandler read aloud the vision statement. 

Kimberly Rauschenbach reviewed the outcomes of the strategic planning retreat session that included long-term planning with LSC's preK expansion and additional grades being added, board goals, executive director goals, site 2 readiness, board composition to include committee assignments, and the state of the organization's financial health. 

The board engaged in a robust discussion around the following: 

1. Financial Strength 

Gifford Shaw reviewed processes, current finances, and business development.
 Implemented “Changemakers” (transactions linked to the account round up to the nearest dollar for every transaction).
 Expected cash shortfall around mid-August (waiting for state reimbursement) Quixote Foundation will provide loan.
 Would like to use rebates from construction at the mall into reserve, but may need it to make budget.
 Annual audit is in process.

2. Pre-K Expansion 

Financially not feasible to pursue pre-k at this moment; looking for an organization that could provide support. Postponing until
funding can be procured. Dexter Davis has an upcoming meeting with Gov. McMaster and will discuss funding if able.
Motion made by Dexter Davis, seconded by Rev. Newton, to suspend launching a pre-k program until funding can be
procured. Unanimous approval.

3. Committee Assignments 

Motion made by Kimberly Rauschenbach, seconded by Dexter Davis, to accept the appointment of officers and committee membership as annotated (committee chairpersons in bold). Unanimous approval. The only change from previous committees is that Heather Bass will serve on Development and Academic Excellence. 

4. Academic Fidelity

o Pleased with the diverse offerings provided to scholars (social emotional, language, physical, arts). Reviewed
math/ELA goals. Assessing where support is most needed.
o Academic Committee will appoint a former educator to join the committee as an ad hoc member. Expected
responsibilities are to visit classrooms/provide feedback.

5. Facilities: Long-Term Vision
o Received update on current facilities from Dr. Rodney Thompson.
o Gained alignment in long-term vision regarding campus needs/locations. Current cost to educate each scholar
is around $11k. If we are strategic in setting up campuses, we forecast reducing the cost to around $9k/scholar.

6. Fundraising
o May 18 th , chef ambassadors will host a dinner at Quixote Club.
o Development committee will continue to press into local/national opportunities.

7. Annual Oath of Office & Conflict of Interest

o Cammy shared brief reminders of conduct/attendance requirements of Board Directors.