System Live

Board & Governance

Next board meeting · Jun 18, 2026

June Board Packet
Draft 84% — awaiting capital access committee attachments

Strategic Initiatives

FY26 board-approved priorities

  • Diversify capital stack — earned revenue to 18%
    Owner: CEO
    On Track
    64%
  • Launch second coworking floor (Phase II buildout)
    Owner: COO
    At Risk
    32%
  • Expand IPTAP to 60-venture annual capacity
    Owner: Programs Director
    On Track
    58%
  • Refresh strategic plan FY27-FY29
    Owner: Board Chair
    On Track
    28%

Compliance Monitor

Regulatory, audit, and insurance

  • Form 990 (FY25)Filed 4/14/2026Filed
  • Single Audit (Uniform Guidance)Due 9/30/2026In Progress
  • State Charitable Registration (LA)Renews 8/01/2026Current
  • Insurance — D&ORenews 11/03/2026Current
  • City of NOLA Q2 Procurement ReportDue in 6 daysAction Needed

Executive Summary for the Board

Auto-drafted from current operational signals · editable

Mission execution remains strong. Propeller supported 508 active ventures in May, the highest single-month total in eighteen months, driven by Workforce cohort 24-B (91% completion) and continued growth in Food Access participation across St. Bernard Parish.

One material risk requires board awareness. The Louisiana Workforce Expansion Initiative is tracking 12% over its approved labor allocation. Management is preparing a budget modification with LWC and expects no impact to participant services. ED sign-off targeted before the next reimbursement cycle.

Funding mix continues to diversify. Federal share is now 47%, within the board's 50% ceiling. Two foundation renewals (Helis, Baptist) are tracking above 80% probability. The Coastal Resilience Workforce award (EDA, $1.95M) opens a new revenue line in Q3.