Frannie Peabody Center Inc.

“The executive director and director of finance assist the auditing firm with preparation of the annual form 990. They review a draft of form 990 for completeness, accuracy and reconciliation with the audited financial statements. They also review the narratives describing the agency's mission, programs, policies and procedures to ensure that they are up to date and accurate. The executive committee confers with management and the auditors, as it deems necessary, to resolve any questions or concerns prior to final filing of form 990.”

“Frannie peabody center management and directors are charged with ongoing monitoring of any conflicts of interest. The written policies require any employees or directors to report to their supervisors or board officers any existing or impending conflicts of interest that may be present. Management addresses issues involving employees on a case by case basis. Directors are expected to recuse themselves from board deliberations or votes, if warranted by their conflict; otherwise, the executive committee or full board will address the conflict on a case by case basis.”

“Frannie peabody center uses the maine association of non-profits compensation handbook to assess appropriate compensation levels and provide comparability data regarding compensation. The maine association of non- profits publishes compensation surveys bi-annually. The board of directors reviews and approves the total agency salaries (including executive director compensation) and the current organization chart during the annual budget process. The agency employee benefits are also reviewed by the board at that time. All management and staff are eligible for the same benefits in accordance with the personnel policies. The executive director and management team are charged with the development of the specific positions within the agency, the job descriptions, and the appropriate salary range for each. New positions must be approved by the board of directors.”

“See description for line 15a above.”

“Frannie peabody center makes available, upon request, its form 990 and all other information and documents required by law to be available for public inspection. At this time there are no plans to include this information on the agency's website. Information may also be accessed on the internet at the guidestar.com website.”

“Frannie peabody center currently does not have a formal policy regarding public disclosure of governing documents, policies and financial statements. Requests for that information would be addressed on a case by case basis.”

“Volunteers include the board of directors and committee members, as well as individuals who assist with fundraising events and, from time to time, perform light office duties. In accordance with the bylaws, no agency directors or committee members receive renumeration of any type for their service. Per agency policies, no event or other volunteers are compensated.”