Memphis Merit Academy Charter School
Minutes
Monthly MMA Board Meeting
Date and Time
Thursday January 23, 2025 at 5:30 PM
Location
Memphis Merit Academy
PUBLIC COMMENT AT MEMPHIS MERIT ACADEMY BOARD MEETINGS - An opportunity for the public to address the Board will be provided at the conclusion of the agenda. Members of the public who wish to speak on
any item are requested to identify themselves and indicate on which agenda item they wish to speak. The Board will provide an opportunity for the public to speak for a maximum of three (3) minutes, unless granted
additional time at the discretion of the Board. Testimony shall be limited in content to matters pertaining to Memphis Merit Academy. The Board may not take any action on matters discussed during the public testimony
period that are not listed on the agenda.
Directors Present
Angelia Allen, Aurelia Mcbride, Lashawn Lester, Talunja Prophet, Timorie Belk
Directors Absent
Dimika Cavalier, Joseph McKinney
Guests Present
Angelina Mccoach, Lakenna Booker, Tasia Mitchum
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
MMA Student Presentation
D.
Approve Minutes
II. Review and Approval of Monthly Financials
A.
Approval of Monthly Financials
III. Review and Acceptance of the FY 24 Audit
A.
Review and Approval of the FY 24 990 Audit
Do not yet have the audit from the auditors. Will be shared with the Board upon receipt. Deadline to submit is 1/31/25.
IV. Committee Reports
A.
Academic Achievement Commmittee
- Finish out 2022-2023 HOS evaluation
- Goals drafted, just need approval
- Will have 2023-2024 completed by April 2025
- Lower grades continue to excel
| Roll Call | |
|---|---|
| Lashawn Lester |
Aye
|
| Talunja Prophet |
Aye
|
| Joseph McKinney |
Absent
|
| Aurelia Mcbride |
Aye
|
| Dimika Cavalier |
Absent
|
| Timorie Belk |
Aye
|
| Angelia Allen |
Aye
|
B.
Development Committee
- Updating packet materials for 2025
- Timorie will schedule development committee meeting for next week, will formulate timeline to get mailer out in next four weeks
- Board members willing to do in-person visits
C.
Finance Committee
- BlueHub funding projected at 1.6 million
- Secured $500K from State of TN
- Discussed audit frustration
- Line of credit extended until March, pending the audit, then will issue renewal
- City of Memphis grant - youth empowerment - $5K received (outdoor classroom/garden, farmers market)
D.
Governance Committee
- Did not meet last month
- Still focused on recruiting new board members
- Working on onboarding materials for Reid, and will be shared with future new members
- Considering and evaluating possibility of changing to meeting quarterly vs. monthly
- CSGF is pleased with board member involvement and leadership
V. Other Business
A.
Executive Director Update
- Growth for students last year led to F grade
- 98% enrollment
- Gap: 10 students
- Offering attendance incentives for staff, students
- Review of academic performance by ELA, Math
- MMA submitted for national architect award
B.
MMARE Financials
Revenue slightly lower than expected. Delinquent balances decreased by $1K. Savings from switching to other security service. Kyle has done a great job with comms with the auditor, and 901 Properties. She'd like to propose a mid-year audit to make full audit process more smooth.
C.
MMARE Financials - 901 Properties
Kyle was not available; Ms. Mccoach provided the update (above)
Presentation by Wendy Butler with EdTec.
Supplies & Materials and Personnel drive $47K net operating income increase. Ended December with $645K; projected to end FY25 with $430K, or 24 DCOH. Received TISA outcomes funding.
Next steps: continue student enrollment/retention; spend within budget to preserve cash
Goals: FY26 Budget; fundraising; plan/execute final phase of facilities project