Page 36 - April JSF Report

BOARD OF DIRECTORS MINUTES (DRAFT) (4)
6. CEO’s Report
Bobby reported that his primary focus has been on identifying and hiring the new Financial Controller. The new Communications Specialist has also been hired. With the added assistance of Buzz Howard, the migration to QuickBooks is now complete.
When asked about progress on securing a new organizational advisor, Bobby said that he has a list of potentials and has talked to a few. That will be part of the Board Retreat planning.
7.
Committee Reports and Business A. Audit & Risk Committee
Hugh reported that the Committee has met three times since the last Board meeting. They continue to be very satisfied with the performance of staff and outside consultants. The 2022 taxes have been completed and filed. BILL (formerly Bill.com) is covering most transactions. The Committee noted the oversight of BILL as related to the fall of Silicon Valley Bank. The Foundation is moving ahead with securing cyber security insurance.
B. Compensation Committee
King reported that the Committee’s only action was to approve the updated numbers for the cost of staff medical benefits. He noted that those numbers may change again in June as private health insurance premiums are announced for July through June each year for Dick and Sharon.
C. Executive & Finance Committee
Malcolm reported that the Committee had reviewed the proposed budget at its February and March meetings. The Committee recommends the approval of the budget. Otherwise, there had been little activity, which continues to be a good thing.
D. Grant Program Committee
Malcolm noted that there was time pressure during the meeting on Sunday and opened the floor for any additional questions, comments, or changes of views. It was suggested that we may need more of a time cushion between presentations to avoid keeping presenters waiting. Staff notices presenters that agenda times are approximations. In addition, Lady is live time texting during GPC meetings with Zoom presenters to update them on the agenda timeline. For in person presenters, Sharon leaves the meeting to update them. Noting that some presenters tend to be rather long winded, Bobby said that he does discuss time allocations with them but will strive to be tighter on those. Student voices are always especially welcomed.
Malcolm advised that in this and future Board meetings, he would offer an opportunity to each GPC member to comment on the previous GPC meeting.
One director was impressed with Levi Esquerra’s presentation and particularly interested in the Native FORGE program.
Bobby asked for clarification that decisions made by the Grant Program Committee would not be altered at the Board meeting. Following a brief discussion, it was agreed that there would be no changes to GPC rulings at the Board meeting.
E. Governance & Nominating Committee
1) Bill reported that the Committee has met several times to discuss Angelique Albert and other potential Director candidates. Malcolm and Mike had reported to the Committee on their meeting with Cathy Yanosik.
2) Consideration of Angelique Albert as a Director
Bill asked Directors for input and observations regarding Angelique as a Director candidate. Directors voiced strong support for Angelique’s consideration. Bill reported that there have been several interviews with
Page 34 April Report