Board meetings, strategic plans, and buyer signals from Nigel Townsend’s organization
May 26, 2026·BoardMeeting
Board
Momentum Academy Board Of Directors Regular Session
The board meeting agenda includes the election of a new board member, an update on board member recruitment, and the delivery of the executive director's report. Key financial and operational items scheduled for discussion include the approval of the proposed budget for the upcoming fiscal year, the approval of the academic calendar for the next school year, and a review of the MCPSC revocation policy and closure plan. The session will also feature commendations for several individuals, a discussion on board retreat dates, and an executive session to address performance ratings and terms of employment for the Executive Director.
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The Finance Committee meeting included a review of financial reports for the fiscal year ending June 30, 2025, with KPIs exceeding targets. Discussions covered insurance quotes for the upcoming school year, the timing of the audit, check registers, the school calendar, finance policy updates, enrollment status, student attendance percentages, hiring updates, and facilities projects. There was also an update on letters of credit and a notification of opened credit cards, along with a compensation update and finance policy updates.
May 27, 2025·BoardMeeting
Board
Momentum Academy Minutes of a Meeting of the Board
The meeting included a vote on new board members, Lauren Moxey and Mark Modrcin, and a presentation on board training. The board voted on and approved the budget for the 2025-2026 school year, the 2025-2026 academic calendar, revised board policies and bylaws, the employee handbook, the family handbook, and the commitment to excellence. Additionally, a board resolution to affirm commitment to a safe and supportive school environment regardless of immigration status was approved. The board also conducted board elections for various positions, including Board Chair, Vice Chair, SPC Committee Chair, Secretary, and Treasurer. The Executive Director provided a report, including a presentation on the state of the organization. David Simmons was thanked for his time and service to the Momentum Academy Board of Directors.
Mar 11, 2025·BoardMeeting
Board
Momentum Academy Finance Committee Report
The Momentum Academy Finance Committee reviewed financial reports for the fiscal year through February 28, 2025, noting that all KPIs exceeded targets. Key discussion points included the first draft of the FY25-26 budget (to be presented to the board in May), the February check register, enrollment status (currently at 89.21% of the budgeted goal), enrollment goals for FY25-26, student attendance percentages, staffing updates, facilities updates, and updates to bylaws. Financial highlights included approximately $4.0 million in cash (with $2.9 million currently available), revenue approximately $826k over budget, and expenses approximately $175k over budget.
Extracted from official board minutes, strategic plans, and video transcripts.
