Forte Preparatory Academy
Minutes
Forte Prep Board Meeting
Date and Time
Wednesday April 19, 2023 at 6:30 PM
Location
- 51-35 Reeder Street (Forte Prep)
- Bridgespan offices: 333 7th Ave (between 27th/28th Sts) -11th floor.
- Zoom
Directors Present
A. Rothman (remote), C. Padula (remote), D. Moskowitz, E. Winn, F. Lin, K. Mullen, L. Rodriguez, V. Abrams
Directors Absent
L. Mendez, W. Yip
Ex Officio Members Present
G. Browne (remote)
Non Voting Members Present
G. Browne (remote)
Guests Present
B. Johnson (remote), Fulton Breen (remote), Robert Baldwin (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
Review Financial Update
III. Academic Excellence
A.
Committee Update
Report out on recent conversation with Graham about T2 data results. Will plan similar meeting after T3 exams and state test data.
IV. Development
A.
Committee Update
No update. Thinking ahead to spring event
V. ED Update
A.
General Update
FP getting ready for state exams. Had Prep rally at school.
HS Update.
- Hiring ongoing including offer made to COO.
- Working on filling class. Expect to be fully enrolled by end of June. Upcoming commitment event next week. Targeting 120 students.
Incubator facility - plan in place to outfit space in time for next fall. Board need to approve lease. Have extension option in short-term leave if needed. Discussion of having option for additional extension year.
Long term facility - advancing discussions, to be discussed during executive session. Summer 2025 move in targeted plan.
B.
Board vote: Approve Lease (HS Incubator facility)
Approve but also will have lawyer discuss option to add an additional extension year to lease. Till Feb. 2027.
Finance update for February 2023 close.
Will transfer portion of cash in bank to high-yield account previously discussed.
Plan to present budget to Board at May 2023 meeting, in advance of June 2023 planned approval meeting.