Penn Center Inc.

“The treasurer provides a copy of the return and the final financial report for the year and explains both documents to the board, answers any questions, and ascertains that the board is satisfied that both documents are accurate.”

“Any conflicts of interest are discussed and resolved at each board meeting. The executive director provides all details on any issue that may have occurred since the prior board meeting.”

“Similar compensation amounts of other non-profit executive directors are used as a guiding factor in setting the annual compensation.”

“The penn center makes its governing documents, conflicts of interest policy, and financial statements available to the public by providing the requested information promptly to the interested party.”

“Land program - teaches environmental protection and sustainable economic development, protects land ownership among sea island natives, and assists the community development center's efforts to foster economic development.”

“Supplies - inventory 26,152 0 0 telephone 16,000 8,120 0 maint & repair 23,201 512 0 supplies - food 23,440 0 0 consignment 18,484 0 0 equipment rental 10,747 5,178 0 supplies - other 13,017 0 0 vehicle operation 6,092 1,581 0 security 5,836 330 0 bank fees 3,742 2,119 0 facility maintenance 5,100 0 0 admin 0 3,978 0 program activities 3,244 363 0 taxes and licenses 3,494 0 0 miscellaneous 3,485 0 0 awards and stipends 2,750 98 0 website 0 1,647 0 dues & subscriptions 941 645 0 laundry 1,093 0 0 training 500 0 0 discount 211 0 0 meals and entertainment 24 0 0”

“Book / tax depreciation difference 74,328”