Ms. Waller reviewed the email from PPA, LLC regarding the school's ERC application. The school is expecting over 800k, but there is still no note as to when it will arrive. When it comes, the refund will help the school's cash position. Ms. DaCrus said we will reach out to Nonprofit Finance Fund with an update about this year closer to the end of the year.

Ms. Waller reviewed the draft. Mr. Leveille asked about the local share rates, and Ms. Waller said she used the independent charter school rates. She is still waiting to hear back from RIDE for an official document about joining the pension. The group discussed the Charter School Growth Fund grant, which will be in it's final year. It is likely RISE Prep can apply for additional grants from CSGF.

Ms. DaCruz asked for information about the retirement contributions and Ms. Waller walked the group through the three categories. Ms. Waller noted that the staffing model is still in development, but probably has too many individual employees. Ms. DaCruz hopes that joining the pension will help with teacher recruitment.

The group discussed private philanthropy options. Ms. Waller shared that she intends to share the final budget version with 2025 actuals. There is more data to gather.