Prince of Peace Center

“Natalie wenger, a board member, and erica wenger, the fiscal manager, are mother and daughter.”

“Yearly budget, significant expenditure plans, strategic plans, new board members, and similar significant issues are created locally by the board, and then approved by the members in erie (bishop of erie, chancellor of the diocese, vicar general of the diocese, director of catholic charities for the diocese, and the prince of peace board chairman)”

“The audit, development, finance/executive, nominating, and strategic planning committees hold regularly scheduled meetings during the year. The other committees address issues during board meetings, and make formal reports to the full board for their approval. Formal meetings and minutes exist for the audit and finance/executive committees.”

“The finance/executive committee is sent copies of the 990 for review, comment, and approval for submission. The finance/executive committee first approves the 990. The whole board approves the 990 at its next scheduled board meeting.”

“The executive director has conflict of interest forms signed by the board of directors each year at the first board meeting. Staff sign the forms at the first staff meeting during the year. Board member forms are filed by the executive director, and staff member forms are filed in their personnel files.”

“The executive director presents compensation and benefits packages for management employees to the board of directors. The board of directors assumes authority for the executive director's compensation package. They compare salaries to those in similar positions, and make decisions based on those findings. As a charitable non-profit organization dependent on donations and grants for income, it is understood that salaries provided to management are not comparable to salaries in the public and business sectors, remaining under those paid in those sectors.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public at its business office during normal business hours.”

“Property & equipment fair value adjust -14,000.”

“The financial statements have been prepared on the modified cash basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the united states of america.”

“The organization has not changed its oversight process for the audit or its method of selecting an auditor during the tax year. The audit committee meets four times per year to complete financial statement reviews. The finance/executive committee determines the process and timeliness for soliciting and determining the external audit service that is employed.”