The Board reviewed the minutes and Board Chair Johnson added the following item to the agenda:

• Renewal of Mikara Davis for two more years. 
• Extension of Dr. Laritha Sweet's term to May 2025.

There were not any public comments for the February 20th Board of Directors Meeting.

Chief Tate gave an update and presented the following:

• mClass Dibels data is a universal screener for the K-8 students around literacy.  A highlight was the KIPP kindergartens went from 19% to 54% on track or mastered.  For growth, KIPP Memphis was #1 out of 28 KIPP Regions.
• Mastery Connect is a benchmark assessment that KMPS students take three times a year. The standards covered help prepare students for the State Assessment.  All schools exceeded their double AMO goals for ELA/English.  KMCH exceeded their double AMO goal for Science and Social Studies.
• TNTP Insight Survey Highlights for KMPS's strongest domains of Professional Development, Instructional Planning for Student Growth, Academic Opportunity, Family and Community Engagement, and Peer Culture, KMPS scored above the KIPP National average.

Question.

Committee Member Gatson: Did we take the assessment for math in Mastery Connect? 

Chief Tate:  We did and I will send them out to the board.  The data was not ready prior to the Academic Committee meeting and that's why it wasn't included.

Committee Member Davis:  With Mastery Connect, can we pull data for kids who have been with us to see how they are doing?

Chief Tate:  Will collect the data and send it to the board.

Chief Carr presented and gave an overview of the following from the Finance Committee:

2023-24 Audit

• Jeffrey Peake with Clifton Larson Allen, External Auditors presented the 2023-24 audit to the Finance Committee.  There were no material weaknesses and one significant deficiency, which was caught and shared by the Finance team prior to the auditors finding it.  There was an unmodified audit opinion. 

December 2024 Financial Highlights

• Revenue exceeded expenditures by $1.3m

FY25 Cash Projection

• 193 Days projected cash on hand at June 2025 (without Charles Schwab investment) and 245 Days projected cash on hand at June 2025 (with Charles Schwab investment)

Chief Phillips presented and gave an overview of the following:

• 2024-25 Enrollment Update as of 2/6/2025 is 1,001 which is slightly below the adjusted budgeted enrollment.  The majority of student withdrawals are due to families moving and student behavior incidents (suspensions or expulsions).
• 2025-26 Recruitment Update:  We are currently at 50% of our enrollment targeted goal.
• 2024-25 Attendance Update:  Attendance rates slightly better YOY for KMCE and KMCM.
  • KMCH attendance rate down 2.4% YOY.

Committee Chair Crutcher presented and gave an update and overview of the following:

• Upcoming Board Training (due June 1, 2025)
• Fundraiser for the Board member committee.  Rufus Smith, Sr. Pastor of Hope Church Memphis, will be the keynote speaker for the fundraiser.
• Governance Committee Actions:  
  • The Governance Committee decided that the Evaluation Committee should discuss and set a timeline for setting metrics for the CEO bonus as an internal policy instead of a Bylaw revision.
  • New Board Member Jasmine Worles approved.

CEO Burt presented and gave an update to the Board of Directors as follows:

The KIPP Regional Leader Retreat that was held in early January in New Orleans focused on continuous conversation around ONE KIPP.  

Dr. Burt discussed Strategic Priorities:

• #1:  Rigorous Instruction for All - KIPP Foundation Visit
• #3:  Affirming School Culture - Adopt-a-KIPPster
• #4:  Engaged families and Community:  Necessities Pantry, Charter Partnership Council, and Immigration Enforcement Communication with schools and families.
• #5:  Organizational Coherence - Fueling Futures and KIPP Cordova Collegiate Elementary 

Board Chair Johnson commended the staff on how well everything is going and it's a difficult time with the changes that are coming from the Whitehouse and when Dr. Burt and the team need the board more now than ever. 

Chair Johnson will attend the KIPP Foundation Board Retreat April 14 - 17th.

The next board meeting will be April 24th,