William Penn House

“Effective august 30, 2019, wph entered into a "change-of-control" agreement with the fcnl education fund, thereby giving the education fund control over wph's financial assets and obligations as well as granting the education fund the right to appoint or terminate the governing board of directors of wph.”

“The education fund is the sole member of wph.”

“The board of directors is appointed by fcnl education fund.”

“Governance decisions of the organization is reserved to the education fund.”

“The draft federal form 990 is reviewed by the executive director before filing with the internal revenue service.”

“Annually all members of the board complete and sign a statement that provides information regarding their interests and those of their family member that could give rise to conflicts. When a william penn house board member becomes aware of a conflict of interest, the member gives notification in writing to the clerk or assistant clerk of the william penn house board. The clerk or assistant clerk notifies the william penn house board of the conflict of interest, and advise and encourage the member regarding appropriate participation in all discussion, advocacy, and decisions of the william penn house board related to the subject of the conflict of interest. This policy is discussed annually by the william penn house board at the first meeting of the calendar year and reviewed as needed.”

“The board review the executive compensation using the comparability data, and approves the compensation along with the annual budget.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Other consulting fees: program service expenses 0. Management and general expenses 85,493. Fundraising expenses 0. Total expenses 85,493.”