October 24th, 2017 Board Minutes

October 24, 2017

Date: Tuesday October 24, 2017

Time: 12:00 p.m.

Location: THINC. Board Conference Room

One College Circle, LaGrange, GA 30240

Present: Karen Freeman, Robby Burch, John Asbell, Bill Stump, Cynthia Culbreath, Corinne Hodges, Margaret D. Schaufler, Renae Willis, Dr. Olugbenga Obasanjo, Mitch Key

Absent: Andy Fritchley, Mike Young, Tiffany Wood, Linda McMullen, Perrin Alford, John Radcliff

Others Present: CEO – Dr. Kathy Carlisle
Staff- Molly Sumner
Students: Tal Thompson, Eli Thrailkill, Vito Evans, Mason Barrett, Donnovan Gonzalez

Robby Burch called the meeting to order at 12:10pm.

Approval of the September Board minutes

  • Bill Stump made a motion to approve, Cynthia Culbreath 2 nd the motion

Stump presented the P&L to the Board

  • John Asbell made a motion to approve the P&L, Corinne Hodges 2 nd the motion

Robby Burch presented the nominated 2018 Board Members

  • Renae Willis made a motion to approve the new members, Dr. Schaufler 2 nd the motion. No one rejected the nominees.

THINC students presented Board member recognitions.

Dr. Carlisle gave the CEO’s update

  • Asbell suggested to try to capture the names of those who attend future recruitment
    events.
  • Burch asked the status of home school and private school registrations
    • TCSS director of student services is working on the procedure and registration process and will send that information out once it has been established
  • Hodges suggested THINC Board members need to have a presence at TCSS Board meetings.
    • Board members will be added to the calendar invites for all upcoming meetings.
    • Asbell agreed that THINC Board needs to build a stronger relationship with TCSS Board.

John Asbell gave a report on the visit to Coxe and Curry

  • Asbell explained that towards an endowment would not be successful but a fundraising would be appropriate.
  • Asbell stated that a proforma was needed
    • Burch said that the money would be needed to reach the next level of fundraising
    • Asbell stated that THINC was first in “Start-up” mode and went into “Operational” mode and now has moved to “Capacity” mode.
  • Hodges suggested a design similar to “The Thread” in LaGrange where company sponsors received signage that needed to be renewed every 5 years to keep donations coming in.
    • Students could be “sponsored” each year, $1k per student @ 600 students = $600,000 fundraising goal.
      • Asbell asked if she saw this idea as the main fundraiser or a part of another plan.
      • Hodges said she thought it could serve as the main fundraiser
      • Stump said the students are the purpose for the fundraising and would serve as the sponsors investment
  • Asbell gave the suggestion from Coxe & Curry to be present to the community through mail
    • Burch stated that this would serve as awareness not as an investment.
    • Dr. Obasanjo highly recommended using social and digital media to communicate.
  • Dr. Schaufler asked about “gifts of life”
    • Asbell said that was not mentioned in the meeting
    • Dr. Schaufler commented that the local elderly communities were likely to give to education.

The meeting adjourned at 1:24 pm.

Next meeting date: Wednesday, Dec. 6, 2017 at 12pm at THINC. College and Career Academy.
One College Circle, LaGrange, GA 30240

______________________________________________ Approval