Pen American Center Inc

“The organization is a membership organization. The membership of pen is composed of poets, playwrights, editors, essayists, novelists, short story writers, biographers, historians, philosophers, critics, translators, and others similarly engaged. The qualification for membership is acknowledged achievement in the literary field or other distinguished service to the literary community. A separate associate membership category is conferred upon students, non-qualifying writers, and individuals who support pen's goals. Associate membership carries no voting rights.”

“Pen american center is a membership organization with approximately 4,000 current members. The membership, in its annual meeting generally held in december of each year, elects pen's governing body. According to our by-laws: - "the affairs and property of pen shall be managed by its governing board, the board of trustees, who are legally responsible as fiduciaries to see that pen carries out its programs in fulfillment of its charitable purposes..."”

“Only to the extent of by-law changes.”

“The managing director of finance and administration, the interim chief operating officer, the co-chief executive officers and the chair of the audit committee reviewed a draft of form 990. The final form 990 is then provided to the audit committee of the board of trustees prior to filing.”

“At each march board meeting (first meeting of the year), the conflict of interest policy is circulated prior to the meeting and returned by each trustee to the co-chief executive officers. Any trustee who is uncertain about a possible conflict should request the board to make a determination, and the board shall resolve the question by majority vote. Trustees who have been found to have a conflict in any matter pending before the board shall refrain from participating in consideration of the matter. The board may request information or interpretation from the person(s) involved in the conflict. The trustee involved in the conflict shall not vote on such matters.”

“The compensation of the chief executive officer is determined by the board of directors with input from independent external sources. The chief executive officer, in consultation with the chief financial officer, determines staff compensation based on the salary level of previous staff with similar responsibilities, and taking into consideration the experience of the candidate and the marketplace.”

“The organization's charter, annual report, and audited financial statements are available on its website. Form 990 and the conflict of interest policy are made available upon written request.”

“The following have been revised following the completion of the audit of the organization's 2024 financial statements by its independent auditors: part iii, lines 4a, 4d and 4e part iv, line 12b part ix, lines 7, 8, 9, 10, 13, 16, 22 and 25 part xii, lines 2b and 2c”

“Other professional fees: program service expenses 174,892. Management and general expenses 624,068. Fundraising expenses 126,410. Total expenses 925,370. Program consultants: program service expenses 3,347,564. Management and general expenses 98,371. Fundraising expenses 90,033. Total expenses 3,535,968.”

“Losses on uncollectable pledges -555,252.”