William Penn House

“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 organization has its form 990 prepared by an outside accounting firm. A copy of the form 990 is reviewed by the executive director before filing with the internal revenue service.”

“A conflict of interest exists when a friends place board member has an imminent potential or actual direct, significant, personal, financial interest or employment interest that conflicts with that member's fiduciary service to the board. A direct, significant, personal, financial or employment interest is an interest of a member, the member's spouse or partner, or the member's children. A significant personal financial interest has a value to the member of more than $1,000. A significant employment interest involves compensated employment with friends place or employment with a significant contractor with friends place. When a friends place board member becomes aware of a conflict of interest, the member shall give notification in writing to the clerk or assistant clerk of the friends place board. The clerk or assistant clerk shall notify the friends place board of the conflict of interest. The clerk or assistant clerk will advise and encourage the member regarding appropriate participation in all discussion, advocacy, and decisions of the friends place board related to the subject of the conflict of interest. The clerk or assistant clerk shall direct that a record be kept in the minutes of the friends place board of any disclosures that are made pursuant to this policy. This policy is discussed annually and reviewed as needed.”

“William penn house does not directly hire or compensate employees. All employees are employees of the friends committee on national legislation (fcnl), a related organization exempt under section 501(c)(4). When hiring the general secretary and thereafter for at least every five years , the fcnl executive committee will perform a thorough review to determine suitable compensation. The process is to include a review of comparability data by the executive committee. Comparability data may include compensation surveys and 990s of similar organizations.”

“The organization makes its form 1023, form 990, governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization has a committee that assumes responsibility for oversight of the audit its financial statements and selection of an independent accountant. This process has not changed from the prior year.”