Board of Directors | Rainbow Co-op

Board of Directors

Board of Directors

Scotta Brady

Position: Vice President
Bio: Scotta Brady is the lucky mom of a 12 year old boy who she becomes more proud of every day. In 2002, shortly after his birth, she opened Butterfly Yoga, a yoga studio recognized for its quality and sense of community. It continues to be an anchor for yoga in the Jackson area and beyond. In addition to being a yoga teacher and studio owner, she is also a NASM certified personal trainer and ambassador for lululemon athletica. In 2012, Scotta was honored as one of Mississippi's Leading Business Women by the Mississippi Business Journal.
In 2011, Scotta began working with area hospitals. At UMMC, she worked on an ancillary study of the Jackson Heart Study, Health Promoting Programs for CVD Risk, and has recently been asked to join the Ornish Spectrum team at St. Dominic's specializing in lifestyle changes for cardiac rehab and prevention of heart disease through nutrition, fitness, stress management, & community support.
She enjoys helping people reveal the best version of themselves and hopes her commitment to healthy eating and exercise has given her son a jump start on life! When not teaching yoga, you'll either find her upside down or traveling somewhere near or far enjoying all that life has to offer.
scotta@butterflyyoga.net

Charlotte Lundemo

Position: Board Secretary
Bio: Charlotte has been a member of the Rainbow Board since the 1990’s. She works as office manager at Computer Co-op inside Rainbow Plaza and is Rainbow’s most frequent shopper, making purchases several times each day. She was a vegetarian for over twenty years but now includes some fish in her diet. She lives in Fondren and enjoys eating at many of the Fondren Restaurants. For over twenty years she worked in local restaurants including High Noon Café. She is passionate about supporting cooperatives and buys all of her food from Rainbow.
charlotte@computercoop.com

Don Potts

Position: President
Bio: I, along with my wife, was one of the 20 original founding members of Rainbow in 1980. In January of 1982, my wife and I opened the High Noon Cafe.
I served on the Board of Directors for the first 25 years, holding positions of Treasurer, Vice President and President. 2014 marks my return to the board.
I am a real estate broker with Nix-Tann & Associates and have been in the real estate business since 1985. I have a degree in Economics from Ole Miss.
My hobbies are cycling (road, mountain and touring), hiking, kayaking, gardening (organic, of course), and reading. I love to travel to pursue outdoor activities and visit other co-ops.
donpotts@nixtann.com

Cody Cox

Position: Board Member
Bio: After growing up on a ranch/farm in Lexington, MS, I moved to Jackson to finish college. I have been here for 14 years now and have since gone on to manage Cups Espresso Cafe in Fondren, own a local record label, and stay active in may avenues of the arts in Jackson.
elegant.trainwreck@gmail.com

Felicia Bell

Position: Board Member
Bio: (Coming Soon!)

Beth Henry

Position: Vice President
Bio: Beth has enjoyed being a regular customer at the Rainbow for over 25 years. She has a strong passion for “REAL” foods, and has studied and completed Levels 1 and 2 of Macrobiotic Cooking and Philosophy at the Kushi Institute in Becket, Massachusetts. Macrobiotics recognizes the profound effects food, environment, activities, and attitude all have on our body, mind, and emotions. Beth was the founder and owner of TemPo, a staffing firm, from 1987 until 1997. During her leadership, TemPo was recognized as one of Mississippi’s Fastest-Growing 40 Businesses. She was also recognized as one of Mississippi’s Top 50 Business Women. In 1999, she founded and currently owns and manages Staffers, a staffing firm specializing in providing Office Administration employees throughout the Jackson Metropolitan area. Beth enjoys yoga, cooking, music, exercising and close relationships with her family and friends.

Matthew Sikora

Position: Board Member
Bio: Matthew Sikora was born in Colorado and attended undergraduate in Arizona where he received his degree in Computer Science along with a private pilot’s license. After college, Matthew commissioned into the Air Force and was stationed in Italy where he was able to regularly travel to different European countries and experience new cultures. Post Italy, Matthew moved to Washington DC where he met his wife Alyssa, who is a native Mississippian. Matthew took a job at the United States Naval Academy in Annapolis teaching Computer Science. Here he first learned about plant based nutrition and genetically modified foods. He soon became active in the vegan community in the DC/Baltimore area. He started a group for students at the Naval Academy that focused on health, animal rights and environmentalism called “The Green Classroom.” Matthew’s first exposure to Rainbow was when he was visiting his future in-laws. Matthew and Alyssa married in Mississippi and ordered their wedding cakes from High Noon and fell in love with the community, employees and message of the Rainbow Co-op. In 2014, Matthew and Alyssa took jobs in Jackson Mississippi. Matthew started the “The Mississippi Vegan Group” which is a group that educates veganism in Mississippi. Matthew and Alyssa regularly attend national conferences on plant based nutrition and animal rights.

Board Meeting Minutes

Board of Directors meetings are held the 3rd Tuesday of each month at 6PM in the High Noon Cafe. The Annual Membership meeting and elections to the Board are held in September or October at The Cedars in Jackson, just up Old Canton Road from the store. The exact date each year is posted in the store, in our e-newsletter, and on our website.

Members are encouraged to attend monthly and annual meetings. If you have a topic to bring before a meeting, please contact the board president or one of the board members so your topic can be placed on the agenda.

October 2016

October 18, 2016, Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:00pm Board Members present: Charlotte Lundemo, John Goodman, Beth Henry, Tom Lowe, Don Potts, Matt Sikora and Scotta Brady. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo, Contina Jones and Patrick Jerome. The Board minutes from the Executive Session on September 20, 2016 were approved with minor corrections. The Board minutes from the September 20, 2016 meeting were approved. The minutes from the Annual Meeting on October 9, 2016 were approved. Steve Whitlow’s Report: September has always been one of our slower months. On average, sales are usually 7% less than in August. This year we were down 8%. Both months saw non-member sales at 62% of total sales with an average ticket of $18.00 for non-members. Total tickets were down 6% compared to August. Total payroll percentage of sales remained unchanged while the Café showed a slight increase. On a positive note, annual memberships are up compared to last year. September was our last full month selling annual memberships as the free annual membership program kicked off on October 10th. In the first four days, we signed up 123 single and 16 family memberships. If this trend continues, we can tip the balance in favor of member shoppers which will almost double the size of the average shopping basket. The floors have been completely stripped and fresh wax applied. JaniKing will be providing floor care from this point onward. They offer better floor maintenance at a slight savings. Patrick Jerome’s Community Outreach Report: Patrick wanted to focus on how to increase shareholder engagement. After consulting with Luke and Steve, he is confident that having non-employee shareholders as volunteers for jobs that are not paid positions is legal. The board, all being shareholders, can take a leadership role in the volunteer effort. He felt that we need to make some degree of volunteering mandatory for the board. He feels that the board’s participation will inspire other shareholders to volunteer. First he would like to see us volunteering on Fridays and Sundays to get people to become shareholders since these are days that shareholders get a larger discount. The second volunteer opportunity would be the board volunteering to help run Saturday events. We discussed being able to have a booth at Wellsfest next year. Financial Report: We made a profit in September. We reduced scheduled employee hours and were able to keep employee pay rates the same. Inventory is up. Accounts payable is up. Long term debt is down. Revenue is down. Non-payroll expenses were down by $12,000 for August and September compared to a year ago. The High Noon Café and prepared foods department has operated at a slight loss of under $1,000 for the new fiscal year (August and September). Luke Lundemo’s Report: Luke asked for a motion from the board on a resolution that The Rainbow Board of Directors in no way condones behavior from any member of the Board of Directors that threatens harm to any Rainbow employee while on the Rainbow property. Should such an incident occur, the Board member will immediately be removed from any office held and the process of removing that member from the Board itself will begin. Additionally, the perpetrator of the threat, from that time forward, will not be all owed on the business property. The Board reserves the right later to reconsider that person’s removal from the property. The board declined to make a motion on this resolution. The Board passed a resolution verifying the results of the election at the October 9, 2016 annual membership meeting. The results of the election were three year terms for Matthew Sikora and Beth Henry. The first alternate is Contina Jones and the second alternate is Lisa Potts. Luke distributed Board member resource document binders which included a set of Rainbow bylaws, the articles of incorporation, an expanded mission statement, a map of US food cooperatives, description of duties of board officers, the 7 cooperative principles, a board and alternate contact information sheet, the early history of Rainbow, a listing of Board responsibilities and the employee handbook. Luke, Steve, Charlotte and Leigh Anne have been going over discrepancies in the database list of shareholders versus the record book of stock certificates issued. It appears the main source of the discrepancies are shoppers who purchase their stock at the checkout counter and never go to the customer service desk to pick up a stock certificate. We are resolving each of these instances. An effort to promote Small Business Saturday is in the works for Fondren locally owned businesses. Small Business Saturday is the Saturday after Thanksgiving. We have received permission to distribute the 2016 Food Revolution audio recordings as part of a Food Revolution Grand Challenge to take place early in 2017. Regarding the issue of changing some of our deli plastic packaging to safer types of plastic, we found the issue is that our normal vendor does not carry the safer types of plastic and the vendor that does carry it requires a $500 minimum purchase which is much larger than our monthly budget allows. We are investigating a couple possible solutions. Next we had the election of new Board Officers: President is Don Potts, Vice President is Beth Henry and Charlotte Lundemo continues as secretary and John Goodman continues as treasurer. The meeting adjourned at 7:32pm.

Annual Membership Meeting 2016

Rainbow Annual Membership Meeting October 10, 2016 The meeting was called to order by Vice President Don Potts at about 1:15pm The High Noon Café was packed to standing room only. Five candidates for two board positions were given an opportunity to make a short presentation. General Manager, Steve Whitlow, gave his report. It included an analysis of the mix of shoppers showing the shift in purchases from non-members to members. Three years ago non-members accounted for about two-thirds of our sales. Now they are less than half. Member purchases have grown slightly over the past three years even though overall annual sales have dropped by 1.5 million. Steve announced a change of policy regarding annual membership where the single and family memberships will now be free like all the other classes of annual memberships. He showed how Kroger and other grocers had similar discount or loyalty programs but people did not have to pay to join those programs. It puts us on a level playing field with those other grocers. It also more clearly show the value and commitment of the shareholder membership as that is now the only membership that involves a financial commitment. Patrick Jerome, Community Outreach, talked about the events that Rainbow has been sponsoring and invited those attending to get involved in promoting Rainbow with social media. Leigh Anne Lawson, Assistant General Manager, awarded the Walk The Talk Award to Bryan Carrero, High Noon Café Manager. Bruce Frazier, Chief Financial Officer, gave the financial report showing the Balance Sheet and then the Profit and Loss Statement comparing this year to last fiscal year. While losing money, the losses were significantly less than the previous year. Luke Lundemo, CEO, reported on the efforts of the Community Builders group to increase sales and increase the number of shareholders. After leading the group in a Lakota Sioux prayer, the meeting recessed for a vegetarian potluck meal. After a team of vote counters went through all the ballots, the results of the election for the Board of Directors was announced: Matthew Sikora 29 Beth Henry 24 Contina Jones 23 Lisa Joy Potts 20 Akua Ishakarah 06 The meeting adjourned around 3:00pm

September, 2016

September 20, 2016, Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:00pm Board Members present: Charlotte Lundemo, John Goodman, Beth Henry, Tom Lowe, John Goodman, Don Potts and Felecia Bell. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo and Leigh Ann Lawson. The Board minutes from August 16, 2016 were approved. The Board voted to go into executive session to discuss personnel matters. After ending the executive session, Steve Whitlow’s Report: Sales rebounded in August. All sales indicators rose slightly whiles customers were up 10% (1000 more people). Monday through Friday sales were up. Membership sales jumped by 63% versus July and total memberships are very close to where they were this month last year. Every Department exceeded their goal except for Cold Goods which was close and Produce which is struggling at this moment. We had our best Members Day sale in the past year. Financial Report: Cash is tight. Long term debt continues to go down. Accounts Payable is up. We made a profit in August. We are on a more timely basis on paying bills. Luke Lundemo’s Report: As a result of the dismal sales total for July (somewhere around $239,000), my attention has been focused on increasing sales. If sales were to stay as low as the July numbers, the consequences for Rainbow would be quite severe and extremely difficult to recover from. Since the last board meeting, we have built up a group of 28 Community Builders who are helping Rainbow by: 1) Spending more personally at Rainbow and High Noon Café. 2) Wearing Rainbow Buttons, Hats and T-Shirts. 3) Putting Rainbow “No To GMOs” and “Support Organic Farmers” bumper stickers on their vehicles. 4) Distributing Rainbow Business Cards, Store and Membership Brochures. 5) Volunteer to Table at Events and Recruit more members/owners. 6) Showing the Food For Change Documentary to Friends. 7) Boosting Rainbow and High Noon in social media by liking, commenting on and sharing Facebook postings and loving and retweeting Rainbow events. 8) Reading Rainbow Newsletters and visiting Rainbow websites. 9) Attending Rainbow events, volunteering at Rainbow events, bringing friends to Rainbow events and organizing more Rainbow Events. 10) Buying and distributing Gift Cards. 11) Volunteering to promote a Shop Local Campaign. Our efforts are having an impact but we need more help. Our events are getting better attended. The meeting adjourned at 7:29pm.

August, 2016

August 16, 2016, Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:01pm Board Members present: Charlotte Lundemo, Leo Huddleston, John Goodman, Beth Henry, Cody Cox and Felecia Bell. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo, Leigh Ann Lawson and Malcolm Morrow. The Board minutes from July 19, 2016 were approved as is. Steve Whitlow’s Report: Summer sales continue to languish in July, especially the last 2 weeks of the month where half the week days were under $8k. Fewer shoppers purchased fewer items. Bulk, HABA and the Café remained fairly stable but Grocery, Produce and Cold Goods suffered big declines. In light of this, further scheduled hours reduction will be implemented in August along with a few other cost cutting measures. The end of year inventory counts showed a great increase in shrinkage. To improve receiving accuracy, Grocery and Cold Goods will resume scanning all KEHE and UNFI deliveries. Tighter inventory control measures are being implemented throughout the store. Sampling has been relocated to the front of the store and will happen every week day. A new ‘Daily Deals’ promotion rolls out in August. Every day of the week will feature a reason to shop in Rainbow. This program will be heavily promoted. The new local meat freezer has arrived and is well stocked in local, farm fresh beef, poultry, pork and catfish. Promotional signage is in the works. Every Sunday will be a member’s day with discounts to combat sluggish sales. Financial Report: High Noon Café has been profitable for two years in a row now. We don’t think that has ever happened before. Due to low sales, cash flow is not good. Luke Lundemo’s Report: The low sales number for July should be a wakeup call to us all. We have to turn that around. Luke is trying to rally members to join an effort to expand promotion of Rainbow and High Noon. Luke reported on federal legislation that will likely soon be signed into law that will preempt Vermont’s GMO labeling law and many other food safety laws. We showed the film Inequality for All this month with a Rainbow Healthy Food Concession Stand. More films are planned. “Where Do We Invade Next” will be shown in August. Art Minton is moving out of the small office area near the front door. Please let people know it is available to be rented. New Business: Malcolm Morrow presented ways to help Rainbow including more educational workshops and more involvement with the artistic community. The meeting adjourned at 7:28pm.

July, 2016

June 21, 2016, Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:00pm Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston, Felecia Bell, John Goodman, Don Potts and Scotta Brady. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo, Leigh Ann Lawson, Contina Jones and Patrick Jerome. The Board minutes from May 17, 2016 were approved as is. Steve Whitlow’s Report: Sales for the month were only 2% less than last year which was our Membership drive month. In an effort to boost slumping grocery sales, we’ve added Member’s Picks and Community Picks and featured large displays of these items in the center aisle. The Community Pick extends special pricing to non-member customers. We’ll resume live television advertising in the fall when our sales traditionally pick up. Financial Report: For this fiscal year we have losses of about $10,000 which is an improvement of $15,000 over last year. The grocery/cold goods department had a difficult month as a freezer went out resulting in losses. We purchased a new network server costing over $8,000. The cleanup cost of the flood last month was $6,000. We were very close to breaking even last month even with sales dropping because we were also able to make some cuts in expenses. The café made a profit again for the most recent 2 month period. The café has consistently been profitable ever since we made the changes to the customer flow and the reduced menu. Luke Lundemo’s Report: Luke gave an update on getting us into compliance with the American Disability Act. All Rainbow workstations are now getting regularly backed up. We are investigating ways of handling our cardboard with more efficiency and at a lower cost. Luke gave an update on GMO legislation in the US Senate. Expiring members have been getting reminder emails and postcards. Luke handed out CDs of the 2016 Food Revolution Summit and plans to organize a contest to get more of our shoppers better informed on food and nutrition information. There is a Fondren shopping event scheduled for Saturday, July 16th. Steve Whitlow was asked to suggest a date for the annual membership meeting. Luke reported on the Agroecology presentation at the Peoples Summit in Chicago. New Business: We elected a nominating committee of 3 board members: Charlotte Lundemo, Scotta Brady and Leo Huddleston. Patrick Jerome gave a Community Outreach Report. Bryan Carrero and Darien from Creative Distillery’s want to plan a meeting with Shareholders including a taste test to get them more involved. Patrick and Mike Stroud and Nate are putting an End Cap together to display new products and rotate the End Caps with different products. Food for Change contacted us and wanted to know if we could help with distribution of their movie (would get unlimited rights to show the movie. The cost would be $500 and it would be a tool we can use forever. We would use the film in lobbying as well as other outreach efforts. A decision to proceed would be needed by October. The meeting adjourned at 6:56pm.

June, 2016

June 21, 2016, Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:00pm Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston, Felecia Bell, John Goodman, Don Potts and Scotta Brady. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo, Leigh Ann Lawson, Contina Jones and Patrick Jerome. The Board minutes from May 17, 2016 were approved as is. Steve Whitlow’s Report: Sales for the month were only 2% less than last year which was our Membership drive month. In an effort to boost slumping grocery sales, we’ve added Member’s Picks and Community Picks and featured large displays of these items in the center aisle. The Community Pick extends special pricing to non-member customers. We’ll resume live television advertising in the fall when our sales traditionally pick up. Financial Report: For this fiscal year we have losses of about $10,000 which is an improvement of $15,000 over last year. The grocery/cold goods department had a difficult month as a freezer went out resulting in losses. We purchased a new network server costing over $8,000. The cleanup cost of the flood last month was $6,000. We were very close to breaking even last month even with sales dropping because we were also able to make some cuts in expenses. The café made a profit again for the most recent 2 month period. The café has consistently been profitable ever since we made the changes to the customer flow and the reduced menu. Luke Lundemo’s Report: Luke gave an update on getting us into compliance with the American Disability Act. All Rainbow workstations are now getting regularly backed up. We are investigating ways of handling our cardboard with more efficiency and at a lower cost. Luke gave an update on GMO legislation in the US Senate. Expiring members have been getting reminder emails and postcards. Luke handed out CDs of the 2016 Food Revolution Summit and plans to organize a contest to get more of our shoppers better informed on food and nutrition information. There is a Fondren shopping event scheduled for Saturday, July 16th. Steve Whitlow was asked to suggest a date for the annual membership meeting. Luke reported on the Agroecology presentation at the Peoples Summit in Chicago. New Business: We elected a nominating committee of 3 board members: Charlotte Lundemo, Scotta Brady and Leo Huddleston. Patrick Jerome gave a Community Outreach Report. Bryan Carrero and Darien from Creative Distillery’s want to plan a meeting with Shareholders including a taste test to get them more involved. Patrick and Mike Stroud and Nate are putting an End Cap together to display new products and rotate the End Caps with different products. Food for Change contacted us and wanted to know if we could help with distribution of their movie (would get unlimited rights to show the movie. The cost would be $500 and it would be a tool we can use forever. We would use the film in lobbying as well as other outreach efforts. A decision to proceed would be needed by October. The meeting adjourned at 6:56pm.

May, 2016

May 17, 2016 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:01pm Board Members present: Leo Huddleston Don Potts, Charlotte Lundemo, Felecia Bell, Scotta Brady, Tom Lowe, John Goodman and Beth Henry. Also present were Luke Lundemo, Steve Whitlow and Bruce Frazier. The Board minutes from April 19, 2016 were approved. Steve Whitlow’s Report: Weather once again played a large role in suppressing sales with 3 days of heavy rain. On Monday, April 11, we flooded for the 30th time. Sales for the day were only $7,456.16. On one occasion, we had standing water in the service drive. The other road block to a successful month was the JSU graduation on Saturday, May 23. Any time there is a JSU event in the stadium, it affects sales. This day was especially bad as the First Lady, Michelle Obama was the speaker. Sales only reached $5,247 as traffic in the area was gridlocked. In spite of these obstacles, we still manage to inch past last April’s sales which is quite an achievement considering the circumstances. When the Lundemo’s return from their travels, we’ll proceed with the new POS server install. Financial Report: The way the year is going we probably won’t be paying much in taxes this year. Sales for the fiscal year are down about 6% from last year. Expenses are down from last year by about 8% allowing us to come closer to break-even. Our losses for the year are about $6,000. Our cash flow is currently pretty tight. Our inventory was up $11,000 over last month. Our total liabilities has dropped over $1,500 from last month. Our debt to equity ratio improved this month. Luke Lundemo’s Report: Patrick sent out a very thorough Community Outreach report. Our hopes of converting internet and phone service to C-Spire were dashed when they radically changed their quote and made it financially unworkable. We have received some of the equipment to get our bathrooms compliant with the American Disability Act. We did get the new Rainbow server installed and it is working much faster than the old system. It includes cloud backup so our data is probably more secure than it was. We met with Hope Credit Union as they have a program to loan money at below market rates for grocery stores that provide healthy food. We will be looking into this further. Charlotte has been getting to the parking lot early in the morning and catching illegal parkers. Some are students and others are construction workers. The meeting adjourned at 6:45pm.

April, 2016

April 19, 2016 Rainbow Natural Grocery Cooperative Board Meeting Minutes Cody Cox took minutes for Charlotte Lundemo for the meeting. The meeting started at 6:05pm Board Members present: Leo Huddleston Don Potts, Cody Cox, Scotta Brady, Tom Lowe, John Goodman and Beth Henry. Also present were Steve Whitlow and Bruce Frazier. The Board minutes from February 16, 2016 and March 15, 2016 were approved. Steve Whitlow’s Report: Sales were suppressed due to 3 days of heavy rain and violent weather. We had 1 day where the POS system quit working for about 6 hours. Average daily sales topped $10,000 for the first time since last April. Sales for Easter Sunday were slow as it will take time for shoppers to realize we are open on that holiday. The newly repaired roof was severely tested but did fine as we had no leaks anywhere. Total sales were up 1% and High Noon sales were up 12%. The number of active members is 4, 142. Financial Report: For the year starting August 1 we are showing a net loss of $12,000. We are performing better than last year as we were down nearly $18,000 at this point last year. Sales for the year are down about a little over 6%, but we have cut expenses by over 8.5%. Luke Lundemo’s Report: There was no CEO report due to being out of the country. New Business: We discussed Fondren First Thursday and ways to further Rainbows presence. We discussed ways to do that without adding too much to payroll and what worked in April’s event. The meeting adjourned at 6:37pm.

April, 2016

April 19, 2016 Rainbow Natural Grocery Cooperative Board Meeting Minutes Cody Cox took minutes for Charlotte Lundemo for the meeting. The meeting started at 6:05pm Board Members present: Leo Huddleston Don Potts, Cody Cox, Scotta Brady, Tom Lowe, John Goodman and Beth Henry. Also present were Steve Whitlow and Bruce Frazier. The Board minutes from February 16, 2016 and March 15, 2016 were approved. Steve Whitlow’s Report: Sales were suppressed due to 3 days of heavy rain and violent weather. We had 1 day where the POS system quit working for about 6 hours. Average daily sales topped $10,000 for the first time since last April. Sales for Easter Sunday were slow as it will take time for shoppers to realize we are open on that holiday. The newly repaired roof was severely tested but did fine as we had no leaks anywhere. Total sales were up 1% and High Noon sales were up 12%. The number of active members is 4, 142. Financial Report: For the year starting August 1 we are showing a net loss of $12,000. We are performing better than last year as we were down nearly $18,000 at this point last year. Sales for the year are down about a little over 6%, but we have cut expenses by over 8.5%. Luke Lundemo’s Report: There was no CEO report due to being out of the country. New Business: We discussed Fondren First Thursday and ways to further Rainbows presence. We discussed ways to do that without adding too much to payroll and what worked in April’s event. The meeting adjourned at 6:37pm.

March, 2016

March 15, 2016 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:00pm Board Members present: Charlotte Lundemo, Leo Huddleston Don Potts and Felecia Bell. Also present were Steve Whitlow, Bruce Frazier, Leigh Ann Lawson and Luke Lundemo. The Board minutes from January 19, 2016 were not approved because we did not have a quorum. Art Minton resigned from the board with a letter. Charlotte will call Beth Henry, the first alternate, to let her know she is now a member of the board and to come to the next board meeting on April 19. Steve Whitlow’s Report: This was the first month since Whole Foods Market opened in February of 2014 that monthly sales exceeded the previous year’s sales. Sales would have been even better but for the threat of severe weather and flash flooding on 3 days. The revisions made to the drainage system have worked so far but only barely. The average daily sales topped $10,000 for the first time since last April. Paid holidays are being revised to include only Christmas Day and Thanksgiving Day to bring us in line with our competitors. We put a letter in the payroll checks stating this new policy. The advertising on Comcast seems to be working well. We paid for 44,000 views last month. A large majority of viewers actually watch the whole ad to the end before going to their intended program. This month our ads are on 13 channels. Financial Report: No financial report as Rainbow had a hard drive crash and we have not had a chance to enter all the new data to the recovered data. Bruce will email the financial report when it is ready. Luke Lundemo’s Report: We have had a site survey for our compliance with the American Disability Act. The two areas that need work are the parking lot and the rest rooms. Most of the work to bring us to compliance has been delegated. We now have security cameras on the parking lot and the Rainbow Plaza area as well as in Fair Trade Green and Computer Co-op. A follow up meeting with our insurance agent is scheduled where we hope to make changes saving Rainbow over $10,000 annually. Luke has applied for a grant to send a Rainbow representative to the annual Consumer Cooperative Management Association conference. We have a company under contract to repair leaks in our roof. The meeting adjourned at 6:43pm.

February, 2016

February 16, 2016 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:01pm Board Members present: Charlotte Lundemo, Leo Huddleston, Art Minton, Don Potts, Cody Cox and Tom Lowe. Also present were Steve Whitlow, Bruce Frazier, Leigh Ann Lawson and Luke Lundemo. The Board minutes from January 19, 2016 were approved. Luke Lundemo’s Report: We met with our insurance carrier and requested changes in our comprehensive insurance policy that would save us over $10,000 annually. We organized the filling of 57 potholes in our parking lot. There are at least 5 projects underway that will result in much higher population density all within about 3 blocks of our store. Steve Whitlow’s Report: January numbers changed very little from December with the exception of payroll which fell slightly. The café was unable to open one day due to an issue caused by our exterminator. This obviously affected their sales for the month. Sunday sales rebounded while weekday sales remained steady. We’re almost back up to a $5,000 Sunday average. Financial Report: No financial report as Rainbow hadn’t completed inventory. New Business: Leigh Ann Lawson and Steve brought up a resolution for the board to vote on: A: Be it resolved that on the first day of January 2016 and January 1 of every year thereafter, the Cooperative will issue a share of stock to each full time employee who has been employed by the Cooperative for 1 year or more and who has not previously been issued a share under this resolution. B: Be it also resolved that the Cooperative will redeem stock owned by an employee issued pursuant to paragraph “A” of this resolution, only after five years from the date of issue and anytime thereafter. C: Said stock shall be redeemed at the value existing at the time of issuance. The board voted on this resolution and it passed. Leigh Ann Lawson passed out data on how much each board member and manager spends at Rainbow. Cody Cox gave an update on plans for Fondren First Thursday. The meeting adjourned at 7:09pm.

January, 2016

January 19, 2016 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:01pm Board Members present: Charlotte Lundemo, Leo Huddleston, Art Minton, Don Potts, Felecia Bell, Cody Cox, Tom Lowe, John Goodman and Scotta Brady. Also present were Steve Whitlow, Bruce Frazier and Luke Lundemo. The Board minutes from December 15, 2015 were approved. Steve Whitlow’s Report: Sales rebounded strongly in December with our average day moving closer to $10,000. Sales were 11% better than November. The average cart is getting close to $25.00. Every department exceeded their goal with the exception of Produce who came close. We were able to end the contract with the South bound I-55 electronic billboard which will save us lots of money. Membership sales were strong with 276 paid memberships sold. The gift card promotion was successful as well with 36 gift cards of $50.00 value or more sold. Word on the sales floor is we’re seeing lots of new faces. We had 903 more customers than in November. Our assumption is the Comcast Spotlight ad is working. We had 44,258 views in the month with 65% viewing the ad to completion. In addition, 75 views went directly to our website. Next month we’ll run the Love Sale with Comcast for Valentine’s Day. We’ve agreed to terms with Al Roof Savers to begin repairs on our roof. Financial Report: We had a $4,700 loss because of Christmas bonuses. Otherwise, we would have broken even. Sales were up last month. The loss was not as bad ($21,700). Liabilities and debt were down. Cash was only 4% down from where it was last year. We’ll probably go to Hope Credit Union to use some of our Line of Credit to repair the roof. Luke Lundemo’s Report: Charlotte and I had a couple meetings with people with the American Disability Act and we are organizing a free site visit to get clear about just what would need to be done to get our building in compliance with the ADA. We have switched out all the lighting in the plaza to LED spotlights. We continue to work with C-Spire to get a quote on converting our internet service. We are getting close to the final configuration needed for ordering a replacement server for Rainbow’s computer network. We are developing a new postcard for renewal memberships. Fondren First Thursday will be reorganized this year so each shopping area will control the look and emphasis of their event. Cody and Patrick are taking leadership roles in this effort. High Noon Café is now producing its own Tofu and Seitan, both excellent products. New Business: Art mentioned a Policy proposal that no new employees will be granted privileges in the parking lot. He also talked to a chef in Jackson that praised us for our setup in High Noon. Felecia Bell will talk to Patrick about use of High Noon to have farmers to prepare and show their products. Leo suggested another Rainbow Cookbook with vegetarian, vegan and recipes with fish, etc. The meeting adjourned at 7:09pm.

December, 2015

December 15, 2015 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:00pm Board Members present: Charlotte Lundemo, Leo Huddleston, Art Minton, Don Potts, Felecia Bell and John Goodman. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo and Leigh Ann Lawson. The Board minutes from November 17, 2015 were approved. Steve Whitlow’s Report: November is usually a slower month and that was true this year also. We completed the all day shoot with Comcast Spotlight and have the first 30 second spot ready for preroll in the tri county for the month of December. Our plan is to edit up to 5 additional 30 ads over the coming months. If all goes well, we will add live view spots on Comcast Cable and ATT Uverse in February. Steve has negotiated with Lamar to end the contract on the I-55 southbound board one year early. December will be the last month for that placement. November’s Members Weekend posted good numbers and Sundays were up but the average weekday sales fell by 4% and the week of Thanksgiving and the remainder of the month were dismal. It did not help that Tree of Life and United Foods did not run regular truck schedules that week resulting in product missing from the shelves. We had a good month selling memberships which climbed back above 4,000. Financial Report: November wasn’t a good month. High Noon made over $900 profit. Rainbow had a $12,000 loss. Cash flow was down and inventory was up. We are about $16,000 down overall for the fiscal year. Last year’s losses were $35,000, so losses are being cut in half. We usually take a loss in November because there are only 29 shopping days and one paid holiday. Luke Lundemo’s Report: A study of the last year’s email and postcard follow-up with recently lapsed memberships has shown it to be only marginally effective. We need to get Creative Design to make a new postcard to mail to members to renew memberships. There are only about 40 of the old postcards left. (We started with 5,000). There was a big effort to put the store into a holiday look with food gift ideas, holiday wrapping paper over display blocks, promotion of gift cards, holiday lights and wreaths and more. We have purchased LED spotlights to change out all the plaza lighting. We are getting closer to replacing the main server in our computer system. Charlotte and I along with Melbah Smith met for over an hour with three administrators in the MS Secretary of State’s office concerning cooperative legislation. We agreed to meet again as a larger group after the legislative session. Their main objection to cooperative legislation was that they believed the existing LLC (Limited Liability Corporation) structure can include cooperatives. Computer Co-op will take this on as a task and see if in fact cooperative principles can be written into MS LLC law. We already know that using the word Cooperative in an LLC is currently not allowed and we would have to present legislation to change that. New Business: Leigh Anne Lawson asked that anyone the board hears of with complaints about Rainbow come to her or Steve and not the staff. Leo suggested we each pick out a few employees and let them know how they are appreciated. The meeting adjourned at 6:55pm.

November, 2015

November 17, 2015 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:01pm Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston, Art Minton, Don Potts, Cody Cox and John Goodman. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo and Patrick Jerome. The Board minutes from October 20, 2015 and October 11, 2015 (Annual Meeting) were approved. Patrick Jerome: Announced a new ad campaign of TV/internet ads. To pay for the campaign we are stopping our advertising in Jackson Free Press. The new ads will have 42,000 guaranteed internet views in the tri-county area. The ads will begin running in December. Comcast Spotlight will be filming in the store on Nov 19 from 9am to 3pm. Creative Distillery will work closely with the production crew on these ads to make sure our brand message is clear and concise. We will continue advertising in Find It In Fondren. We are continuing our efforts to get out of some of the electronic billboard contract which is quite expensive. If successful, a portion of those funds will go into 30 second TV ads. Steve Whitlow’s Report: Sales were up in October but not for the reason hoped for. The average day fell slightly 1% and 13 of the final 17 days, excluding Sunday, were less than 9K. The up swing is due to more shopping days and not due to resurgent sales. There were some bright spots: Sundays were up 5% and we had two more 10K days than August. Last October was our last month about 300k. We fell short of that mark by 8% this time around. There is a new promotion of juicing. There are punch cards where if a customer purchases 10 juices, they get one free. Financial Reports: Our cash position improved by nearly $20,000 mostly as a result of current liabilities increasing. Our long term liabilities continue to drop about 1% per month. Luke Lundemo’s Report: The remaining postcard/coupons from the print run of 5,000 are being distributed to runners in the Fondren 12k’s of Christmas. Rainbow managers were given very clear guidelines about how we were relaxing parts of our buying criteria to better satisfy what customers wanted. We are working to refine two quotes we have for replacing our aging server in our computer network. There was very little interest from the board in scheduling a board retreat. We are investigating moving our phone and internet service in the entire building to CSpire. A grant has been received for improving State St. north of Fondren. Work will probably not start until 2017. The board elected new officers: President = Leo Huddleston, Vice President = Don Potts, Secretary = Charlotte Lundemo. The Board agreed to keep Tom Lowe on the board as our Lawyer and John Goodman on the board as our Treasurer. New Business: Becky Potts presented a letter to the board about Christmas ideas. Steve will talk to the managers about Christmas ideas and presentation of products. The meeting adjourned at 6:50pm.

October, 2015 - Annual Meeting

October 11, 2015 Rainbow Natural Grocery Annual Membership Meeting Minutes Rainbow Natural Coop in Fondren Charlotte Lundemo took minutes for the meeting. The meeting started at approximately 1:15 pm. There were approximately 50 persons present Board President, Leo Huddleston began the meeting and introduced this year’s candidates for the board of directors. Each board candidate present addressed the gathering. Rainbow General Manager, Steve Whitlow, reported on issues and challenges facing the store including water main breakages, three floods early in the fiscal year and increased competition for healthy food sales. The Walk the Talk Award was presented by Leigh Ann Lawson to Byron Agee, Rainbow’s Produce Manager. Bruce Frazier’s gave the Financial Report with an explanation of the Balance Sheet and the Profit and Loss Statement. Rainbow showed a profit of $40 for the current fiscal year. Luke Lundemo gave the CEO pointed out what is uniquely valuable about Rainbow and encouraged everyone present to take an active role in marketing Rainbow Co-op. The meeting recessed to enjoy the vegetarian potluck meal. When all the votes were counted the meeting reconvened and the results were announced. Receiving full 3-year board terms were Charlotte Lundemo and Felicia Bell. The first alternate will be Beth Henry. There was a raffle drawing for 4 Rainbow gift certificates, a 16gb Flash Drive from Computer Coop, a woven fedora and a fan from Fair Trade and 2 Food For Change Movie CDs. The meeting adjourned at approximately 3:45pm.

September, 2015

September 15, 2015 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:00pm Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston, Gen Barbour, Art Minton, Don Potts and John Goodman. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo. The Board minutes from August 18, 2015 were approved. Financial Report: Rainbow sales for the month and gross profit were down compared to last year. We had a net profit this month of $175.00 The grocery operations part of the business last year lost $7,000. This year we lost $1,100. The last time we had a monthly profit was in March. Cash is tight. Taxes are due October 15 but we have no tax liability this year. For the fiscal year just past we are writing off some of the bankruptcy debt because of businesses we owed money to that went out of business. The grocery business itself lost about $90,000 this past year, but because of write offs our profit and loss statement will show we about broke even. We are paying bills in a timely manner. Steve Whitlow’s Report: August was very similar to July. We saw a slight upward trend in sales just like in July until the last days of the month. The revision of the Grocery department floor has been completed creating space for new products. Customer’s responses have been positive. The member signup procedure has been modified to speed up checkout times. Members’ weekend was modestly successful. The continued decline in active memberships is troubling. Luke Lundemo’s Report: The effort to implement dozens of marketing suggestions given by our staff is underway. The annual meeting will be held at the store and the store will remain open during the meeting. Charlotte has been recruiting candidates to run for board positions. We are involved in an effort to create a food hub at Tougaloo College. It is in its early stages, but will involve our Sustainable Garden as well as the Tougaloo Community Garden. New Business: Don Potts reported on coops in the St Paul- Minneapolis area. In addition to salad bars most have hot bars and delis making sandwiches and are open from 7:30am until 9 or 10pm. Other ideas for Rainbow were local sustainable meat, another meeting with local farmers to grow different crops, revamping food presentation, grants to farmers to keep growing, use Hope line of credit to purchase equipment for a hot bar, lessen restrictions (not USDA certified) but without hormones and needs to be sustainable clean food. One grower that is certified can certify another grower (sustainable grown, the same as organic but not certified). Steve, Bruce and Luke to draw up a proposal to accept sustainable instead of certified organic. The meeting adjourned at 6:54pm.

August, 2015

August 18, 2015, Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:01pm Board Members present: Charlotte Lundemo, Leo Huddleston, Art Minton, John Goodman, Gen Barbour, Scotta Brady and Cody Cox. Also present were Luke Lundemo, Steve Whitlow and Bruce Frazier The Board minutes from July 21, 2015 were approved as amended. Manager’s Report: July started out well. The first five weekdays were all above $11,000. Unfortunately, we would not have another $11,000 day until the last day of the month. None the less, July still saw a slight upturn in sales versus June. The fiscal year end inventory was completed. Plans are underway for a revision of the grocery department floor set to facilitate shopping ease. The Café is in the black financially. Financial Report: Cash is down $60,000 to $30,000. We won’t have to worry about tax liability or tax carry overs. We need more than $250,000 (Which is close to the sales for June and for July) in net sales each month to cover the bills. We need at least $265,000 or more or will have to reorganize the grocery store. High Noon and the Deli are doing well with a $7,100 profit over the last 6 month period. Sales in Rainbow have been good for the first 17 days of August. This is partly due to decreasing inventory better controlled by management. We’re trying to get rid of dead inventory. The fiscal year ended on July 31. Bulk and HABA are lagging behind as far as inventory turnover is concerned. The Freezer and grocery departments did better. The shrinkage in inventory is between 1-2% and continues to be below the industry average. CEO Report: The Greenwood Buying Club will be working on marketing these next couple months with the hopes of going live in January. The Marketing Challenge had about 15 contributors with about 90 ideas. About 15 people participated in grading the ideas. The top idea and winner of the $200 prize was upgrading the customer service desk area submitted by Tom Lowe. Luke, Steve, Leigh Anne and Patrick met and went over the ideas and will revisit them next month to begin making concrete plans for implementing as many as we can. Member Renewal emails and postcards are going out to everyone who’s membership expires. GMO labeling is in the news as a biotech sponsored bill to prohibit states and municipalities from passing legislation to label GMOs has just passed the US House of Representatives. At the Tougaloo-Rainbow Sustainable Garden we have lost our gardener who has moved back to Atlanta. We need to clean up a huge tree that has fallen in the garden and get the grass cut around the garden areas. New Business: Steve announced that Rainbow will have a 1/2 price membership weekend this coming weekend. Also expressed that Rainbow hopes to get rid of membership cards and rely on all member records in the computer system which would speed up lines. Luke presented the card that Whole Foods sends out to new residents. Whole Foods bought out Bel Air Chicken so no other business can purchase it. Scotta’s dad can clean up Rainbow’s entire customer list and bulk mail out for about $267. Cody mentioned an event he is organizing to help promote Rainbow on September 24 from 6pm to 8pm- a popup dinner with music and beer. He is promoting it through Facebook to young professionals (ages 25-25) for newcomers to the area. Leo suggested forming a growers group, Share to Care health providers. Cody mentioned the group, Love Food Hate Waste from the UK. Promoting Yoga and for Patrick to start a Calendar of Events. Art mentioned we should focus on how to be a better board. He also asked about the idea of having High Noon open earlier at 11am. Luke mentioned Rainbow management had already talked with Bryan and he was going to try opening up at 11am starting September 1. Cody suggested the bakery to bake more half loaves of bread. Are we focusing on our specialties? The idea of giving free small cups of juice to promote the Juice Bar was presented. Luke said he’d send out a link on how to be a better board. It was mentioned that in the meeting with Jeff Good, he focused on cost control and that he was impressed with how fast the food came out, the quality of the food and the price. The meeting adjourned at 7:27pm.

July, 2015

July 21, 2015, Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:00pm Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston, Art Minton, John Goodman, Gen Barbour, Scotta Brady and Cody Cox. Also present were Luke Lundemo, Steve Whitlow. The Board minutes from June 16, 2015 were approved as is. Steve Whitlow’s Report: Historically June has been one of our slower months and this year proved no exception. There were no storewide sales in June so hopefully our profit margin will show some improvement. Late in the month, the café began offering a grill item in addition to the entrée. Thursdays have been designated as Pizza Party days. The customer favorite, Southern Sides, have returned as well and will alternate with Red Beans and Rice on Tuesdays. Sunday sales are 50% less than 2 years ago. We are training Produce, HABA and Supplements employees to take over a register and to process credit cards during peak hours. The new awning is up. So far, July looks better than June. Financial Report: In June we needed sales of $295,000 to break even. Sales were $255,570. Cash flow is getting to be a more serious issue. Luke Lundemo’s Report: A financial model for the profitability of Buying Clubs through online software was presented. An update on US House bill 1599, the DARK Act was presented. Luke and Steve to work on setting a date for the annual meeting. We are sending reminder postcards to non-renewers that we don’t have email addresses for. A marketing education contest has been put in place for all the staff and board with marketing education videos distributed to every staff and board member and a request for everyone to submit marketing ideas which will then get rated and prizes awarded. Rainbow management has met with Creative Distillery to review our marketing efforts. There is a Yelp promotional event being planned to benefit the Café. New Business: Steve expressed an interest in getting employees to wear highly visible buttons that sayat say “Ask Me”. Another idea he had was to use the flat screen in the plaza as a greeter, showing short videos that would address commonly asked questions. The meeting adjourned at 7:16pm.

June, 2015

May 19, 2015, Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:00pm Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston, Art Minton, John Goodman, Gen Barbour, Don Potts, Scotta Brady and Cody Cox. Also present were Luke Lundemo, Steve Whitlow and Bruce Frazier. The Board minutes from May 19, 2015 were approved as is. Steve Whitlow’s Report: May fell well short of expectations. Usually May is one of our top three months. May was our half price Membership Drive month and included our May Madness promotions. Every weekend was a Members Weekend. We thought May would be a good month but it didn’t work. This is the first time since 2010 that May did not exceed April sales. It’s only the second time since the opening of Whole Foods Market that not one major department hit their sales goal. The Café came closest (99% while Produce fared the worst (82%). It’s the first time since December 2007 that the average fell short of $10,000. It was the least number of customers for May since 2005. The membership drive had 293 fewer signups than 2014 and 424 fewer than 2013. The new produce workstation and sink have been installed. A new canvas awning is on order. Bruce Frazier’s Report: Cash on hand is very low and causing a lot of difficulty getting bills paid on time. Some bills are slipping to a few days late. Our long term debt has dropped to $340,000. In the last 4 months, the café has recorded a profit of nearly $8,000. Currently, for the fiscal year we are showing a loss of about $23,000. If we can get sales up about $10,000 more per month, we can break even. Luke Lundemo’s Report: We used 9 of the 10 buckets of asphalt purchased to repair the 6 worst potholes in the parking lot. The city made a temporary repair of the parking lot entrance. A large tree fell at our Tougaloo Rainbow Sustainable Garden and destroyed part of the tomato crop. We will be working this month to clean that up. We’ve done some of the financial calculations for the Greenwood buying club. To break even we would need to average about $300 each week in sales. Steve and Luke are to get together and propose a date for the Annual Meeting. We can now easily switch between Comcast and AT&T to provide more reliable internet service for credit card processing. Luke is sending out emails to all the members who do not renew each month. The non-renewers that we do not have email addresses for get a reminder postcard. We are listing the pump and hoses on Craig’s List to see if we can sell them. Luke brought up the need to give some thought about Rainbow’s role regarding our community’s food security if there was to be a disruption in food trucks rolling in each week. New Business: Don Potts mentioned an article in Fortune Magazine, June 1, War on Food. Scotta suggested we use some of our line of credit for improvements to the storefront. A greeter (like in Walmart) was suggested. Another suggestion was to have someone roam around the store to help people (paid or volunteer). Susan Margaret Barrett will help with a welcome basket to all new people in Fondren. We discussed Becky’s 7 items that she presented at the previous meeting and nearly all of them have had some attention given to them. We purchased 8 LED spotlights for the plaza to test how bright they are. The High Noon Café crew (all three of them) have turned the café around to $2,000 profit a month. The meeting adjourned at 6:55pm.

May, 2015

May 19, 2015, Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:01pm Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston, Don Potts, Art Minton, John Goodman and Gen Barbour. Also present were Luke Lundemo, Steve Whitlow and Bruce Frazier, Leigh Anne Lawson and Becky Potts. The Board minutes from April 21, 2015 were approved as amended. Becky Potts spoke to the board about her concerns for Rainbow. She had 7 topics of concerns that she left with the board. Leigh Ann Lawson spoke about Becky’s concerns. Leigh Ann introduced the idea of organizing an Early Bird Special to get people into the store before 10am. Steve Whitlow’s Report: April continued the recent trend of decreasing sales in the second half of the month. In April, the decrease was $18,381 or 15% less than the first half of the month. Five of the last 10 days excluding Sundays were less than $10,000. Creative Distillery has revamped our Member Special shelf tags with a new Member Staple template soon to follow. Our insurance agent said the back awning needs to be replaced. Rainbow will also replace the front awning. The opinion that Rainbow needs to beautify the plaza was also discussed. Bruce Frazier’s Report: We have had a string of profitable months, but in April we lost about $1,000. If it hadn’t been for increases in property taxes and insurance, Rainbow would have broken even. Our line of credit with Hope Credit Union has been paid off which means we have $100,000 to use. Bruce recommended that if we have projects we want to apply some of this line of credit to, we should do it in the next few months. Luke Lundemo’s Report: The 10 buckets of asphalt we ordered have arrived and the parking lot potholes will soon be filled. Charlotte has been aggressively pestering the city to fix the sunken sidewalk at the north entrance to our parking lot. The Tougaloo-Rainbow garden has a lot of food growing right now thanks to our new garden manager. On Earth Day Rainbow gave away 250 potted pea plants with growing instructions. The Delta Whole Foods Buying Club and Rainbow representatives met at an online seminar with Local Food Market Software representatives to explore the details of an online buying club. Door to Door recycling is now handling Rainbows glass recycling. We are beginning a process of an evaluation procedure for the general manager position. We had earlier decided to have the next annual meeting at the store, but we do need to be thinking about recruiting candidates to run for board positions and develop an agenda. New Business: Don Potts mentioned that a Starwood Hotel with Kolb’s Cleaners as the entrance will be coming to Fondren. There will be 125 parking spaces added to Fondren and maybe Rainbow could rent parking spaces during the day. The meeting adjourned at 7:25pm.

April 21, 2015

April 21, 2015 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:04pm Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston, Don Potts, Art Minton, John Goodman, Scotta Brandy and Cody Cox. Also present were Luke Lundemo, Steve Whitlow and Bruce Frazier. The Board minutes from March 17, 2015 were approved. Steve Whitlow’s Report: Weather played a role in depressing daily sales early in the month while the parade hurt sales late in the month. Otherwise, we’d certainly have topped $300,000. We’ve ordered new stainless sinks, worktables and storage for the produce area in the stock room. Active memberships are up slightly. We’re seeing a decrease in the average number of items being purchased. Two years ago, (pre Whole Foods Market), the average was almost 6 per customer now it is about 4. The café is making money. Bruce Frazier’s Report: Profitable this month. Our losses for the year dropped from nearly $28,000 to under $16,000. Expenses were reduced and sales were good. Long term liabilities continue to shrink. At our rate of payment we will have no long term liabilities in 6 ½ years. The café made about a $1,500 profit in January and added to that in the February-March period with another $3,800 of profit. The café payroll expenses are under 33% of sales. Luke Lundemo’s Report: The parking lot is in need of pothole repair again, after approval from the other parking lot owners, more asphalt will be ordered. We have hired a new garden manager, Charles Greenlea. Charles was the farm manager for the Atlanta Urban Garden and also works for Food Corps. We have a new garden logo made by Creative Distillery. We are having a tabling banner and directional signs made with the new logo. We will be giving away over 250 pea plants for Earth Day with instructions about how to care for the plant and start a garden. We have replaced Rainbow’s main graphics printer with one that has greatly reduced operating costs. On Fondren First Thursday in April we give out samples of Field Roast to several hundred. Patrick made hummus with veggies and gave that away as well. We have performed maintenance on Rainbow’s server and set it up on a quarterly schedule. The LCD screen for the Roundup program has been moved further away from the HOPE kiosk to give the kiosk users more space. New Business: Cody brought up Uber as a possible grocery delivery service. There was a discussion about how Rainbow can support Freedom Farms. Luke will get more information our options and opportunities. There was a motion to approve a 20% once a month shopping discount for owner members. The motion passed. Leo brought up the status of our community builder. Rebecca is resigning. Steve suggested Patrick as our new Outreach person and we said yes. Byron will become produce manage. Scotta promoted Rainbow at St. Dominic’s and will hand out discount coupons. The meeting adjourned at 6:50pm.

March, 2015

March 17, 2014 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:05pm Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston, Don Potts, Art Minton and Cody Cox. Also present were Steve Whitlow and Bruce Frazier. The Board minutes from February 17, 2015 were approved. Steve Whitlow’s Report: The weather played a major role in keeping down daily sales. Staff turnover caused payroll to remain close to the previous month levels in the store as we had 6 new hires to train. Active memberships fell to just over 5,000. Bruce Frazier’s Report: No report. Financials will be emailed when they are ready, probably in about a week. Luke Lundemo’s Report: The parking lot survey data has been entered and several charts have been produced. There are many cars that often park in the parking lot and we are still trying to identify more of them to see if they are employees or not. We participated in Fondren First Thursday by having a table on the sidewalk in front of the store and served samples of vegan sausage. It went well. We’ve found a good trick to keep being able to process credit cards when Rainbow’s Comcast goes down. We simple move the connection over to Computer Co-op’s AT&T connection. On February 27th we filled the plaza for a showing of ‘Shadows of Liberty’ – a documentary about media consolidation and control followed by a panel discussion. New Business: Can Rainbow join in helping Freedom Farms? The question will be brought up again at the next meeting. The meeting adjourned at 6:30pm.

February 17th, 2015

February 17, 2015 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:04pm Board Members present: Charlotte Lundemo, Don Potts, Leo Huddleston, Tom Lowe, Cody Cox, Gen Barbour, Art Minton and Scotta Brady. Also present were Steve Whitlow, Bruce Frazier and Luke Lundemo The Board minutes from January 20, 2015 were approved. Steve Whitlow’s Report: January was our first profitable month since WFM opened nearly a year ago. Our sales were up (first time above 300k since October) and payroll was down. The café in particular had record low payroll percentage to sales. The restrooms were upgraded with new paint and powerful electric hand dryers. John Goodman & Bruce Frazier’s Report: The profit in January erased about half the losses we suffered since the beginning of the fiscal year in August. The café was profitable in January where it more than erased its losses in October, November and December. The cash flow situation is much improved due to the January performance. Luke Lundemo’s Report: We have passed the 250 mark in member-owners. Recently expired members are now getting email reminders to renew or become member-owners. We have experimented with sending postcard reminders to recently expired members that we do not have email addresses for, but the results are indicating it may not be cost effective. The Tougaloo-Rainbow garden has harvested a good amount of green onions that were sold in the produce department. We started a week long survey of parking lot use. Five buckets of asphalt were used to help the collapsing north entrance of the parking lot where many shoppers’ vehicles were bottoming out. We met with Jeff Good and got his take on ways to improve what we are doing in the café. He was impressed with the quality of the food and the speed of the service. He gave us a Food Cost Primer they use to train their managers and gave some good suggestions on ways we can improve our inventory process. We’ve added Rainbow Co-op and High Noon Café logos to Fondren’s all electric car. New Business: In discussing the deli and how it is sometimes quite empty of product, it was learned that the café plan calls for adding another employee in the next month or two whose duties would include adding much more product to the deli case. Don Potts reported that SAFE, the Fondren neighborhood security organization could supply some services to Rainbow for $55/month. We would be able to call them and get help with escorting employees to their vehicles at closing. There was a motion to refund a share of stock to Sarah Williams and the motion passed. The meeting adjourned at 6:54pm.

January 20th, 2015 Board Meeting

January 20, 2015 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:04pm Board Members present: Charlotte Lundemo, Don Potts, Leo Huddleston, Gen Barbour, Art Minton and John Goodman. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo, Leigh Ann Lawson. The Board minutes from December 16, 2014 were approved and the Board Retreat minutes from January 18, were approved. Steve Whitlow’s Report: Overall sales showed an improvement for the month of December. The High Noon payroll to sales percentage is probably the best so far. Active memberships are still hovering around 5,300. Membership sales are up. Metro Mechanical replaced the broken section of drainpipe for the public restrooms the first Friday in January. The restrooms have been repainted. We distributed $4,604.91 in Christmas bonuses. John Goodman & Bruce Frazier’s Report: We have lowered our inventory by about $25,000 and paid down our current liabilities by about $40,000. Both our debt to equity ratio and our current ratio numbers improved. Long term liabilities continue to drop by about $4,000 a month. While we showed a net loss for the first several months of this fiscal year, since October we have been profitable. A motion to write a letter to Hops & Habana and appear at the City Council hearing was approved with 1 opposition and 1 abstention. Luke Lundemo’s Report: Member-Owner’s were increasing at a rate of about 1 per month until we lowered the price. Now we are getting about 10 new member-owners per month. Much of the board retreat was focused on solving the parking issues. A map of the parking lot has been produced to help with doing a usage survey of the parking lot. We have scheduled a meeting with Jeff Good to consult about High Noon Café. We purchased frost cloth to help make it possible to continue to grow food through the winter. We will soon have signage on the zero emission Nissan Leaf to advertise Rainbow and High Noon Café. We have installed a new time clock that feeds data directly into our computer system. We have installed a new fax machine that allows buyers to scan invoices in and have them emailed to Bruce. We have purchased a new wifi hotspot for public use in the grocery store. New Business: A motion that Rainbow become a member of FAB @ $100/year passed unanimously. The meeting adjourned at 7:40pm.

January 18th, 2015 Board Meeting

January 18, 2015 Rainbow Natural Grocery Cooperative Board Retreat Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 1:06pm Board Members present: Charlotte Lundemo, Cody Cox, Leo Huddleston, Gen Barbour, Scotta Brady, Tom Lowe and Art Minton. Also present was Luke Lundemo. The parking situation became the main topic to solve before anything else. Before we can successfully expand or move we need a three year track record of good sales and profitability. Otherwise the financing will not be there to accomplish that goal. Regarding solving the parking issue, It was suggested to: Create a parking lot management plan including the hiring of one or two parking lot attendants to inform all parkers that are not shoppers that they can’t park here. That includes UMC students, employees, etc. Hire someone for a week for a parking lot survey to see who is parking here. Ask Steve to see if someone needs extra hours to do this. We need a map of all the parking spaces in our lot. Get a plan together for the parking lot to present to the owners. The plan should include the eventual redesign of the center curbing, drainage issues against the Rainbow curb and resurfacing. Cody has been lobbying Matt to close off the southern entrance to the lot with a gate for the trash pickup truck. This would add 2-3 parking places to the lot. Get Matt to follow through with new signage for the lot. Fondren is really headed to being a higher foot traffic neighborhood with a new hotel and 2 new apartment complexes on Lakeland and North State St. Find ways to encourage employees/customers to bike. It was also suggested that hiring a delivery person (independent contractor) would help sales. Is there a way to use more of Salad Days (a local business that grows hydroponic organic vegetables) products in High Noon and the salad bar? The Rainbow website is too static. There is nothing on our web page to pull people back to it. Suggestions included regular recipes, surveys and a twice a week blog. Get heads of each department to use Twitter. Luke to email Jeff Good about free High Noon consultation. The meeting adjourned at 3:32pm.

December 16th, 2014 Board Meeting

December 16, 2014 Rainbow Natural Grocery Cooperative Board Meeting Minutes Charlotte Lundemo took minutes for the meeting. The meeting started at 6:01pm Board Members present: Charlotte Lundemo, Cody Cox, Don Potts, Leo Huddleston, Gen Barbour, Scotta Brady, Tom Lowe, Art Minton and John Goodman. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo. The Board minutes from November 18, 2014 were approved. Steve Whitlow’s Report: Most departments reached or came close to their goals for November. Member signups were good, keeping us close to the 5,300 level. We’re starting Member Mondays. We’re initiating half price memberships on the weekends. The average purchase amount and average number of items increased to around $25 per shopping basket. Payroll to sales percentage improved with the real change to come in December as reduction in Café hours did not take effect until the last week in November. We’re receiving quotes for repair of the broken drainage pipe for the public restrooms as well as quotes for installing electric hand dryers. John Goodman & Bruce Frazier’s Report: There were only 29 shopping days. We got a $9,000 insurance refund and a $15,000 federal income deposit back. Looks like the deli, soup and salad bar and bakery will break even in its present structure. Luke Lundemo’s Report: Luke urged everyone to keep passing out the 10% postcards and having conversations with new people about Rainbow and healthy food. The Tougaloo Rainbow Sustainable Garden will be bringing turnip greens and turnips and other produce to Rainbow to sell. We were not able to find a date for everyone to meet for a board retreat, we will try again. Checks were written to all membership owners that requested cash back. High Noon has been converted to a new menu and counter ordering format. Flood Insurance was just cancelled. Rainbow growth plan discussions will be started this month. A decision was made as to what board information to publish with the pictures, names and titles for a display. In an effort to get our inventory where there is more rapid turnover, the total value of inventory in supplements and the health and beauty aids department has been lowered and may get lowered further. A Christmas bonus for employees is being organized. The plaza Cybercafe has been repaired and is now fully functional with three workstations. Cspire has offer gigabit internet speed for the cybercafé. The meeting adjourned at 7:04pm.

October 2014

Charlotte Lundemo took minutes for the meeting. The meeting started at 6:01pm
Board Members present: Art Minton, Charlotte Lundemo, Cody Cox, Don Potts, Leo Huddleston, Gen Barbour, Scotta Brady and John Goodman. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo. Others who attended: Steve Whitlow, Bruce Frazier, Luke Lundemo
The Board minutes from September 16, 2014 were approved. The minutes for the Annual Meeting on October 12, 2014 were approved.
Steve Whitlow’s Report: September was a disappointing month with sales slumping to a new low following the opening of Whole Foods Market. Active Member numbers are holding steady at slightly above 5,300. The other bright point was in member-owner sales, thirteen for the month. The storewide sales were not working. We will change tactics and focus on promoting our staple items and offer ½ prince memberships on weekends. Parking in the afternoons and weekends is worse than it’s ever been.

John Goodman & Bruce Frazier’s Report: We had to draw down $15,000 from our savings to meet payroll. Our assets have dropped due to tight cash flow. High Noon Café has lost about $2,500 each of the last two months. Payroll has been just under 50% of total Prepared Foods Dept. expenses. Total Rainbow sales have been down about $100,000 each of the first two months of this fiscal year compared to last year.
Luke Lundemo’s Report: We had some fairly heavy rain a week ago last Monday with no water problems. Jeff Good and David Watkins, JR. have been developing a plan for starting a local food hub for MS. The Jackson Urban Farming Coop will have office space in the newly purchased home for Cooperation Jackson at 939 W. Capitol St. There is also land at that site where food can be grown. The center will be called the Chokwe Lumumba Center for Economic Development. It was proposed to move the annual meeting to High Noon and our Plaza to save money. The lowering of stock price to $75 has at least tripled an increase in member-owner sales. We have an agreement from all 5 owners to purchase additional asphalt to stay ahead of large potholes forming. Charlotte & Luke took a weedy patch at the northwest corner of our lot and turned it into a flower garden. It did fine for a couple months and then within 48 hours 2 different vehicles ran over the wood raided beds. With some good advice from Felder Rushing, we urbanized our effort and with the help of Gen Barbour and Will from the stock department. We are purchasing materials to protect our fall crops from the deer at the Tougaloo-Rainbow Sustainable Garden. Rainbow members have been building and caring for the Fondren Park Community Organic Garden. We planted a successful fall crop of kale, mustard and collards. We are looking for the best date for having a 2 -3 hours meeting to plan and prioritize for the coming year. Our registered agent in Wisconsin has sent forms for our required Annual Report. He got them to us late but has offered to pay our filing fee and late penalty. I will get the papers back to him this week. Fair Trade Green is getting a new manager, Leslie Puckett. Karen Parker is leaving to go to work in her sisters business. Verification of the Board Election passed. The meeting adjourned at 7:28pm

Annual Membership Meeting

Rainbow Natural Grocery Annual Membership Meeting Minutes
The Cedars in Fondren
Charlotte Lundemo took minutes for the meeting. The meeting started at approximately 1:10 pm.
There were approximately 38 persons present
Board President, Irene Jones began the meeting and introduced this years candidates for the board of directors. Each board candidate present addressed the gathering.
Rainbow General Manager, Steve Whitlow, reported on issues and challenges facing the store including water main breakages and three floods.
Luke Lundemo, Rainbow CEO, gave the financial report. The report showed a small loss for the year. Rainbow continued its record breaking growth until February of 2014. At that point, Whole Foods Market opened. Since that time, Rainbow has lost several hundred thousand dollars of non-member sales. Member sales have stayed strong. This year the city of Jackson did complete some long anticipated construction that increased the capacity of the storm water system that has been causing our flooding these past 13 years.
Shelby Parsons, Rainbow’s Community Builder gave a report highlighting our efforts to make Rainbow more accessible to all, including the lowering of the cost of a member-owner share to $75.
The meeting recessed to enjoy the vegetarian potluck meal.
When all the votes were counted the meeting reconvened and the results were announced.
Receiving full 3-year board terms were Don Potts, Cody Cox and Scotta Brady. A two year term will be filled by Art Minton. The next alternate is Terry Sullivan.
A presentation on the cancer preventative qualities of kale was made by Bilal Qizilbash
The raffle drawing for a Rainbow t-shirt was won by Bilal Qizilbash.
The meeting adjourned at approximately 2:40pm.
After the meeting, the Mississippi premier of the film, Food for Change, was shown.

September 2014

Charlotte Lundemo took minutes for the meeting. The meeting started at 6:07pm
Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston Gen Barbour, Scotta Brady and John Goodman. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo.
The Board minutes from August 19, 2014 were approved.
Steve Whitlow’s Report: We suffered another major flood on Sunday, August 10. The store did not reopen until Wednesday. The café was closed until Thursday. The ServPro bill was $25,440.73. In spite of the flood, HABA and Supplements both exceeded their goals with Grocery and Bulk not far behind. It bears noting that these monthly goals are lower due to the impact of Whole Foods Market on our business, but any improvement is encouraging. Other moderately encouraging signs are increasing daily sales and an increase in active memberships for the second month running after six consecutive months of decline. Paid members have increased. We still have a long way to go.
John Goodman& Bruce Frazier’s Report: In August sales were down 28% from the same month a year ago. The store lost money for the month. We needed about $40,000 more in sales for the month to have broken even. The café lost $2,500 in August which was an improvement over the $3,700 loss in July. Much of the improvement was due to an increase in bakery sales.
Luke Lundemo’s Report: Increasing sales is the number one focus for our cooperative. The new pipe under Fondren Place is now functional and should reduce our flooding frequency. The annual meeting is coming up October 12th. The new lower membership price has produced more new members in the past two weeks than from the beginning of the year. We have had over 50 member-owners turn in their request for reimbursement for the change of stock value. About $1,000 has been requested in cash and another $1,600 in store credit. The advisory group has about a dozen members and is now getting reports and monthly requests for advice. We plan to start the volunteer program at the annual meeting.
Shelby’s report: Shelby will be splitting her hours with Chris Rodgers in doing outreach. We will continue hosting the plant-based potlucks and they are now combined with the living foods potluck. We are also hosting the Urban Farming Cooperative meetings on the first and third Mondays of each month. Hops and Habana will be moving into the Circa space in our shopping center.
There was a motion to approve the refund of Jason Giavotella’s stock certificate. The motion passed.
Old business: Set a time to visit Clinton Main Street Project.
New business; Find our whether Leigh Ann is interested in being the Voting Director for the in store voting and the annual meeting- otherwise Charlotte will do it. Nominees were presented to the board for the Walk the Talk Award with Brian Champion receiving the most votes.
The meeting adjourned at 7:03pm.

August 2014

August 19, 2014 Rainbow Natural Grocery Cooperative Board Meeting Minutes
Charlotte Lundemo took minutes for the meeting. The meeting started at 6:05pm
Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston Gen Barbour, Scotta Brady, Terry Sullivan and John Goodman. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo.
The Board minutes from July 15, 2014 were approved.
Steve Whitlow’s Report: Our summer sales event was successful in 2 areas: 1) Increasing membership and 2) boosting average day sales. While the sale was in effect, our weekday average was $11,538.31 and after the sale ended, it fell to $9,513.10 including 2 $8,000 day sales. Sundays remain stubbornly under $5,000. We’ve begun a drawing on Sundays for a 20% off coupon and are advertising our ample parking on that day (otherwise we’d have shown a decrease). The slight increase in payroll was due to our fiscal year end storewide inventory. Bryan Carrero has the oven going again and is baking treats, cookies, muffins and several varieties of breads including French bread. $7.99 pizzas have been added to the café menu. True has finally agreed to replace at no cost our ice cream freezer which had given us ongoing problems.
John Goodman & Bruce Frazier’s Report: No financial report because of inventory. The café as of the end of the fiscal year is $20,000 short of last year. Whole Foods market has affected sales.
In an effort to make the café more sustainable we will: 1) Talk with Hope Credit Union about financing any investment in any new café equipment, 2) talk with Jeff Good about consulting help, 3) talk with the café staff and present this as an effort to help secure the café and their jobs.
Luke Lundemo’s Report: In an effort to increase sales, supporting and promoting the current month long Back to School Sale is important. The Jackson City Council has passed a budget that includes funding the storm sewer work behind Rainbow. City Public Works director, Charles Williams, has emailed and expects to get the contractor to start this Monday. The Cooperation Jackson Urban Farming group has been given 25 acres inside the Jackson city limits. The Rainbow-Tougaloo Sustainable garden is shifting it’s emphasis this fall from education to production and the Conscious Living Project is footing the bill. Suzie, Scotta and Terry are up for reelection at the annual meeting in October. At the annual meeting we plan to show the movie, “Food for Change” and have a speaker on cancer prevention. Stockholder shares are now $75.00 (we’ve gotten 40 cards back and only 3 want money back). John Michael Holtman gave Rainbow a letter of intent to purchase our building and we are having our real estate lawyer, Edley Jones craft a response. Glass recycling in Pearl has stopped. The only glass recycling in Jackson is now at Target stores. We have done a survey of our 100 top shoppers in the six months before and after Whole Foods. We will be writing to those shoppers whose sales have significantly dropped off and offer them an enticement to shop more at Rainbow.
Shelby’s report: Facebook likes for Rainbow have shot up near 3,000. A plan to start a Financial Hardship membership was presented. The membership would be good for 1 year, qualifying documents would be required.
There was a motion to approve creating a Financial Hardship Membership type. The motion was passed.
No old business.
New business: Leo wanted to know if we would be interested in a place to do a satellite store and will address this idea through board email.
The meeting adjourned at 7:06pm.

July 2014

Charlotte Lundemo took minutes for the meeting. The meeting started at 6:05pm
Board Members present: Charlotte Lundemo, Tom Lowe, Leo Huddleston Gen Barbour, Scotta Brady, Terry Sullivan and John Goodman. Also present were Steve Whitlow, Bruce Frazier, Luke Lundemo
The Board minutes from June 10, 2014 were approved.
Steve Whitlow’s Report: After a promising start June slumped to our worst month since WFM opened. With five Sundays and five Mondays it was handicapped from the start, but seven $9,000 days and only one day larger than $12,000 made for a very poor showing which has greatly affected our cash flow. Here’s how we’ve responded: We’ve increased our staple items from slightly more than 200 to 549 including 50 private label staples in supplements. The price is equal to or in many cases beats WFM prices on these items. We rolled out our Summer Sale which for the first time ever extends sale prices to nonmembers. The sale is being heavily advertised on all media fronts. The real purpose of the sale is to increase traffic and have the opportunity to point out our great prices on staple items and sell half price members. All staff, not just Customer Service and cashiers has been coached on the importance of inviting every nonmember shopper to join. The cashiers have been given a brief, effective sales pitch which takes less than five seconds. Plans are being laid for a Back to School Sale which will kick off August 1st and lead up to our Member’s Weekend (August 15-16). This sale will use the template for the Summer Sale and offer sales prices to everyone.
John Goodman & Bruce Frazier’s Report: With one month remaining in the fiscal year, we are showing a drop in operational profit of nearly $190,000 compared to last year. Income from insurance reimbursement will likely have us showing a profit for the year. Our long term liabilities continue to drop at a steady rate and are now at about $386,000. The prepared foods department (High Noon, deli and bakery) showed a loss of $5,600 last month on sales of about $26,000.
Luke Lundemo’s Report: Regarding the Rainbow flooding issue, Charles Williams, the head of the Jackson Public Works Department, has told us that bids to install an increased storm sewer capacity went out last month and will be opened July 18th. There is no progress that we know of in the grand plan of putting in larger capacity pipe all the way down to Old Canton Road. We did receive a letter of engagement from the Danks law firm to retain them in recovering losses from earlier flooding, but we have decided not to sign off on that commitment of $35,000 until we are confident that the store sales are in a sustainable range. The Rainbow annual meeting will be at the Cedars on Sunday, October 12. We have gone through the current stock certificates and voided 131 certificates that were never picked up over the past four years. That leaves 197 current shares outstanding. There will be a proposal to lower the cost of a share from the current $200 to $75. Those who paid $100 or $200 will be given an opportunity to request reimbursement by store credit or check. The timing of those reimbursements will be determined by the amount of income raised by the sale of new stock. If we do not hear from a shareholder about getting reimbursement after six months, we will take that to mean they are not going to request reimbursement. We are asking member-owners about their interest in taking part in a volunteer program and in a council of advisors. The volunteer program will only involve member-owners and there will be not volunteer activities that would fall under tasks regulated by workman’s compensation. We will be drafting a non-binding letter of understanding with the party that wants to purchase our building. The search for a suitable new location for our store continues. The parking lot has developed some potholes and at some point we will need to get all five parking lot owners together and get those holes repaired. We have been working with Fondren Renaissance Foundation to revitalize the organic garden at Fondren Park to provide free food for that neighborhood and that project has been going well.
The motion to change the price of a share of Rainbow stock to $75.00 was passed. The motion to buyback Leslie Hurst stock certificate was passed.
New Business: Scotta brought to our attention that the City of Clinton wants Rainbow to open a store near Main Street. The City of Clinton will work up a proposal for the August Board Meeting.
The meeting adjourned at 7:15pm.

Invested in Health

We strive to provide the best quality food and services at affordable prices to our members and the general public. Shoppers know that they can trust what they buy at Rainbow because every decision we make reaffirms our commitment to the values of our cooperative:

  • Personal health and well-being through natural, unprocessed foods
  • Environmental stewardship
  • Humane and ethical business practices
  • Local community building

Storewide purchasing policy:

  • No high-fructose corn syrup
  • No chemical fertilizers
  • No GMOs
  • No sulfur dioxide
  • No nitrites or nitrates
  • No animal testing
  • No irradiation
  • No animal antibiotics or growth hormones
  • No artificial dyes, flavors or food coloring
  • No insecticide or pesticide residue
  • No refined sugars