Forte Preparatory Academy
Minutes
Forte Prep Board Meeting
Date and Time
Wednesday May 15, 2024 at 6:30 PM
Location
- The Warwick Hotel (suite 2121) - 65 W 54th Street
- 51-35 Reeder Street (Forte Prep campus)
- Zoom
Directors Present
C. Padula, E. Winn, F. Lin, J. Cordero (remote), J. Schilling (remote), K. Mullen (remote), S. Song, W. Yip
Directors Absent
L. Mendez, L. Rodriguez, V. Abrams
Ex Officio Members Present
G. Browne (remote)
Non Voting Members Present
G. Browne (remote)
Guests Present
D. Forbes (remote), Grah, J. Smith (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance Committee
A.
Review & approve 990 (2022)
Bryson Wilson presented the current financials.
Overall, strong financial position.
Projecting a $135K operating income for FY2025.
The Finance Committee will meet later this week.
We are scheduled to vote on the FY2024 budget at our June Board Meeting.
990 was filed earlier this week -- internal and public-facing documents. Submitted to government and also to SUNY.
B.
Preview FY25 Budget
III. CEO updates
A.
May 2024 updates
Graham updated the Board on various activities including.
-- Charter Gala, which a number of Board members attended.
-- 5/6th graders had a successful camping trip to Fishkill, NY
Upcoming
Career Day 5/29
9th grade field trip to Philadelphia 5/20-22
End of year music show at the high school 5/30
GRADUATION - June 25th, 2pm, Queens College
Possible ground-breaking for the new building the week of June 17th
Enrollment for next year is going very well. Middle school is 98% enrolled and the high school is 78% enrolled. 35% of FPA 8th graders have registered for FPA high school.
New building: we expect to hear news of the financing from LIIF soon.
Fundraising -- Following up on board member interest and ideas, Graham has developed a Sports Sponsorship Campaign to raise dedicated funds for FPA sports teams. Need is ~$25K/year.
Hiring -- Good progress in hiring teachers, a social worker, etc.
Fiona Lin proposed we approve the April minutes.
Christine seconded.
The board voted to unanimously approve the April mintues.