January 18, 2019 Michelle Blouin-Williams, CEO Raphael Gang, Board Chairman New Beginnings Schools Foundation 2045 Lakeshore Drive New Orleans, Louisiana 70122 Re: Quarter 1 Preliminary Rating on Financial Health Dear Mrs. Blouin-Williams and Mr. Gang, I am writing to inform you that OPSB has received and reviewed your Quarterly financial documents for Quarter 1 of Fiscal Year 2018-2019 and determined that your preliminary rating has met our Charter School Accountability Framework (CSAF) standard for financial health. If you have any questions, please contact Toni Pickett at tpickett@opsb.us with any questions that you may have regarding this letter. Yours in Education, Kelli R. Peterson, Ed.D. Senior Equity and Accountability Officer