Sconset Trust Inc.

“Members of the governing body reviews the form 990 for accuracy and completeness prior to filing.”

“The board of directors are resonsible for the enforcement of compliance with this policy,policy issues are discussed during board meetings.”

“The board reviews the market conditions for labor in the nantucket area as well as their knowledge of non-profit organizations in the nantucket, ma area to determine the executive director's salary.”

“Documents are available upon request.”

“Lighthouse expense: program service expenses 13,476. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,476. Newsletter and annual report: program service expenses 3,782. Management and general expenses 3,782. Fundraising expenses 3,782. Total expenses 11,346. Administration: program service expenses 0. Management and general expenses 11,249. Fundraising expenses 0. Total expenses 11,249. Property management: program service expenses 10,758. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,758. Annual meeting: program service expenses 0. Management and general expenses 4,195. Fundraising expenses 0. Total expenses 4,195. Storage: program service expenses 1,691. Management and general expenses 1,690. Fundraising expenses 0. Total expenses 3,381. Printing & reproduction: program service expenses 2,486. Management and general expenses 311. Fundraising expenses 310. Total expenses 3,107. Telephone: program service expenses 615. Management and general expenses 1,228. Fundraising expenses 615. Total expenses 2,458. Payroll services: program service expenses 0. Management and general expenses 2,239. Fundraising expenses 0. Total expenses 2,239. Dues & subscriptions: program service expenses 0. Management and general expenses 2,040. Fundraising expenses 0. Total expenses 2,040. Patrons day: program service expenses 1,293. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,293. Postage: program service expenses 0. Management and general expenses 405. Fundraising expenses 405. Total expenses 810. Utilities: program service expenses 0. Management and general expenses 561. Fundraising expenses 0. Total expenses 561. Miscellaneous program expense: program service expenses 132. Management and general expenses 0. Fundraising expenses 0. Total expenses 132.”

“The board of directors are responsible for the oversight of the audit as well as selection of accountant, there has been no change from prior year.”