The Philadelphia Society

“I. Name of management company thinkitecture, inc. Ii. Services provided by the company to the society 1. Communicate regularly with the society's officers, trustees, staff, and vendors to implement board policy and to coordinate and supervise all program and management activities of the society including: a. Coordinating with the officers and trustees to develop and implement effective governance processes and policies for the society b. Overseeing financial management and legal compliance of the society c. Assisting the board in planning and implementing development activites d. Supervising all membership management and communicating activities of the society e. Managing all areas of planning and program development for the annual spring and fall meetings of the society f. Maintaining the society's pulic website and managing development of new educational programs and products, and g. Negotiating and supervising execution of contracts with all vendors of the society, with approval of the president and/or treasurer of the society 2. Fufill any other duties reasonably requested by the society and agreed upon by thinkitecture iii. List any of the organization's current officers, directors, and trustees who were compensated by the management company during the tax year: lenore t. Ealy iv. List the amounts od reportable compensation they received from the management company for services provided: thinkitecture compensated lenore t. Ealy 60,000”

“Irs regulations state that membership organizations include members with certain rights one of which is, "the members elect the members of the governing body." the society's bylaws state that the members shall elect 5 to 6 trustees at the annual meeting which meets irs definition.”

“See part vi, line 6 above”

“The society's bylaws state (sec 2.02), "each member shall be entitled to one vote on each matter submitted to a vote of the members." the members of the society each year vote to elect 5-6 trustees to serve 3-year terms. There are no other specific matters or decisions upon which the members vote regularly.”

“A copy of the draft 990 is provided to staff, treasurer, and audit committee for review and discussion with the preparer. Once comments are in, the preparer finalizes the 990, which is then provided to all the members of the board of trustees for review and approval prior to signature and filing.”

“The finance committee of the society annually evaluates the economic conditions of the society, the performance of the management company, and comparable contract arrangements in order to make a recommendation to the board of trustees regarding the terms of the contract with the management company. The board of trustees approves final executive/management compensation during approval process for the annual budget.”

“The society makes such documents available upon request.”

“Educational programs that allow for the interchange of ideas in the interest of deepening the intellectual foundation of a free and ordered society and of broadening the understanding of its basic principles and traditions.”

“Membership development expenses totaling 36,116 is included in management & general in part ix - statement of functional expenses.”

“Founders' fellows - the founders' fellows program brings together 12 rising leaders dedicated to advancing the intellectual foundations of a free and ordered society. Participants are selected from a pool of distinguished candidates who demonstrate academic excellence, exceptional leadership in their field, and a desire to study and debate the essential ideas of the american founding and the future of freedom. Fellows will participate in a day-long socratic discussion colloquium in advance of attending the society's spring meeting. Discussion sessions will be led by leading experts in the liberty movement.”