KIPP STAR Charter School Board of Trustees Minutes of April 2, 2012 Meeting

The KIPP STAR Charter School Board of Trustees met on April 2, 2012 at Hunter College with the following trustees in attendance: David Massey, Andrew Paul, Jacqueline Adams, and Thomas Lehrman. Also attending were Quinton Vance, David Levin, Jane Martinez Dowling, Rafael Mayer, Frank Corcoran, John Zeiler, Kelly Coffey, Kinga Lampert, Amy Griffin, Brian Zied, Larry Robbins, Abigail Klem, Whitney Tilson, Rick Taft, Dawn Palo, Josh Zoia, Jack Chorowsky, Charizma Williams, Lindsay Fry, Stephanie Adams, Carrie Mauer, and Vicki Zubovic. Opening of Meeting The board voted unanimously to run the meeting concurrently with the meetings of the Boards of KIPP Academy, KIPP Infinity, KIPP New York Inc, KIPP AMP, KIPP Washington Heights Academy, and the Joint High School Committee due to the commonality of issues. Board Business

The board approved the minutes of its January 23, 2012 meeting by unanimous vote. The board opened the meeting to public comments. There were no comments. Mr. Levin provided the board with an update on the progress and performance of KIPP NYC schools and programs, specifically focusing on the middle school interim assessment scores and elementary school reading progress. Middle schools saw an increase of 44% in state test-aligned assessments from January to March. Mr. Levin noted the use of multiple strategies including Read 180, small group instruction, and re-teaching to achieve this growth. All elementary schools are currently on pace to meet their reading goals for the year. The board reviewed resumes of new staff who will be assigned to KIPP NYC schools this summer. The board approved all new staff assignments by unanimous vote. Vicki Zubovic, Managing Director of Development, provided an overview on KIPP NYCs long-term fundraising plans. Mr. Levin discussed Board Member recruitment. KIPP Infinity is currently searching for a new board member. Jack Chorowsky, Chief Operating Officer, provided an update on the lease negotiations for the campus in Mott Haven. Mr. Chorowsky reviewed the YTD financials, cash position, and long-term financial plan. He compared current bank balances to projected EOY bank balances.

Charizma Williams, Managing Director of Finance shared an update of the finances of KIPP NYC. Ms. Williams discussed her plans to hire an additional accountant to support the financial needs of KIPP NYC. The board voted to approve the additional expense by a unanimous vote. Josh Zoia, Incoming Superintendent, proposed that KIPP NYC hire a Managing Director of Teaching and Learning before the end of the fiscal year. The board voted to approve the proposal by unanimous vote. Mr. Chorowsky reviewed plans for oversight of KIPP NYCs 403b plan. A 403b Investment Oversight Committee was formed consisting of board members from different KIPP NYC school boards including Thomas Lehrman, Dawn Palo, Andrew Paul, and Rick Taft. The board voted to delegate oversight of the organizations 403b plan to the Committee. Mr. Massey discussed the idea of having an annual Board Retreat in September or October. Mr. Massey will gather feedback from board members and report findings at the June Board meeting. The board voted unanimously to move to Executive Session to discuss confidential personnel and real estate matters. Adjournment The meeting adjourned.