FY17 February BOD Meeting Materials
Cantus
Board of Directors Meeting—1201 Marquette Avenue, Suite 100
February 27, 5:30-7:30pm
Present: Katie Berg, Pete Cochrane, Jim Dorsey, Chris Foss, Jonathan Guyton, Wendy Holmes, Katie Imholte, Patricia Kirkpatrick, Libby Larsen, Brock Metzger, Noel McCormick, Chuck Peterson, Jeff Reed, Karl Reichert
Staff: Joe Heitz, Joey Hillesheim, Carly Thornberry
Absent: Martha Graber, Craig Shulstad, Paul Scholtz
BOARD AGENDA
5:30 - 7:30pm
Board of Directors Meeting—1201 Marquette Avenue, Suite 100
February 27, 5:30-7:30pm
Present: Katie Berg, Pete Cochrane, Jim Dorsey, Chris Foss, Jonathan Guyton, Wendy Holmes, Katie Imholte, Patricia Kirkpatrick, Libby Larsen, Brock Metzger, Noel McCormick, Chuck Peterson, Jeff Reed, Karl Reichert
Staff: Joe Heitz, Joey Hillesheim, Carly Thornberry
Absent: Martha Graber, Craig Shulstad, Paul Scholtz
BOARD AGENDA
5:30 - 7:30pm
- Call to order 5:38pm
- Wendy Holmes presiding
- Chris/Wendy/Joe: Romeo and Juliet Update
- Summarized recent meetings between staff, singers, and creative partners.
- Reported the decision to cancel the Romeo and Juliet project due to financial impact.
- Discussed drafting a memo with talking points about the ending of the project.
- Staff will create memo.
- Chris/Wendy/Joe: Music Accord Update
- Ed Yim of Music Accord is excited about working with Cantus and has agreed to a new project with Cantus.
- Chuck: Treasurer’s Report
- Reported a significant drop in cash in January.
- Reported that accounts payable has dropped/improved.
- Reviewed trends for contributed revenue, ticket sales, and inventory sales.
- Expect a deficit to appear on February financials.
- Approve: FY17 990 pending two potential changes.
- Approve: Charitable Registration Form, pending change to signers. (Board Chair and Treasurer will sign.)
- Accept: FY17 January Financials
- Joe: Cash Flow Discussion
- Distributed summary of cash flow projection.
- Reported significant concerns about cash flow, especially in April and May.
- Discussed potential action steps for solving cash flow challenge.
- Explained Nonprofits Assistance Fund’s offer of a bridge loan.
- Approve: Minutes of FY17 January Meeting
- Noel/Brock/Carly: Engagement Committee Update
- Summarized recent Engagement Committee meeting.
- Discussed upcoming donor reception and opportunity to meet Joe on March 18.
- Asked directors to host upcoming open rehearsals.
- Discussed “America Will Be!” advertising efforts.
- Updated board on Idol planning, including a new caterer, ticket on-sale, auction items, and sponsorships.
- Pete: Governance Committee Update
- Summarized recent committee meeting and progress toward bringing in new members.
- Committee is targeting members with financial experience and educators.
- Asked members to consider potential board members as they consider Idol guests.
- Summarized recent committee meeting and progress toward bringing in new members.
- Chris: Artistic Report
- Reported a successful tour, despite having a substitute singer in the ensemble.
- Joe: Executive Director Report
- Described busy first month, including meeting with board members and donors.
- Updated board on personnel topics, including CLA’s work and renewal of benefits.
- Adjourned