2026-01-30T14:38:00-06:00 2025-06-30 161131146 Bonadio & Co LLP 2711 Centerville Road Suite 100 Wilmington DE 19808 990 2024-07-01 472856759 Penguin Court Inc PENG 6103882700 PO Box 141 Chadds Ford PA 193170141 Karl Malkin CFO 6103882700 2026-01-27 1 1 Peter S Kennedy CPA P00571422 3026566632 2026-01-27 2024 2025-03-06 01:10:19Z Karl Malkin PO Box 141 Chadds Ford PA 193170141 28526941 0 X www.Brandywine.org X 2014 DE Penguin Court, Inc. protects and manages the land, water, cultural and natural resources of Penguin Court and the Thomas Road Property to advance education, research, and community engagement. 7 6 0 6 0 0 17147 33022 7907 6828 483501 4684566 14450 38619 523005 4763035 0 0 0 0 337644 347025 0 0 0 392004 498718 729648 845743 -206643 3917292 27829792 29239291 11860 3351 27817932 29235940 Penguin Court, Inc. protects and manages the land, water, cultural and natural resources of Penguin Court and the Thomas Road Property to advance education, research, and community engagement. 0 0 664011 45760 Education, Public Outreach & Property Sustainability: The Westmoreland County property, known as Penguin Court and Thomas Road Farm, are maintained and preserved in accordance with the Management Plan created by Brandywine Conservancy in 2017. Penguin Court educates and engages the public through programs and activities on the property and in the community. Special initiatives include Pennsylvania Master Naturalist, Trout in the Classroom, and Westmoreland Pollinator Partners. 664011 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X Brandywine Conservancy & Museum of Art Inc 6103882700 PO Box 141 Chadds Ford PA 19317 Virginia A Logan Assistant Secretary 2.00 40.00 X X 0 344831 50172 Cuyler H Walker President 2.00 10.00 X X 0 0 0 David Harrington Treasurer 2.00 1.00 X X 0 0 0 W Donald Sparks II Esq Secretary 2.00 1.00 X X 0 0 0 Matthew Groll Board Member 2.00 X 0 0 0 Laura Gutnick Board Member 2.00 X 0 0 0 Jack M Hines Jr Board Member 2.00 1.00 X 0 0 0 0 344831 50172 0 0 1 0 0 33022 33022 CONSERVANCY PROGRAM 900099 6828 6828 6828 585773 585773 27860754 23761961 4098793 4098793 4098793 815 1128 -313 -313 24149 817 23332 23332 Miscellaneous Income 900099 15600 15600 15600 4763035 45760 0 4684253 284775 284775 11499 11499 29636 29636 21115 21115 265 265 9000 9000 42940 42940 3631 3631 20 20 4125 4125 17000 17000 51516 51516 4267 4267 129792 129792 77286 77286 56986 56986 Renovation Projects 50000 50000 Repairs and Maintenance 41119 41119 Public Programming 9166 9166 Miscellaneous Expense 1359 1359 246 246 845743 664011 181732 0 4691 3750 9962109 245944 9704527 9716165 17857167 19328463 263407 190913 27829792 29239291 11860 3351 11860 3351 X 755765 677977 27062167 28557963 27817932 29235940 27829792 29239291 3917292 -2499284 0 X X 0 1 X 1 0 X X X 1 Brandywine Conservancy & Museum of Art 516020908 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17857167 2185282 671046 42940 19328463 16302304 471 2252246 664668 33186 17857167 15492920 1456888 616914 30590 16302304 18516301 -2372599 614202 36580 15492920 14792012 4357570 600836 32445 18516301 0.77606 0.22394 0 0 9205000 9205000 344951 61278 283673 368097 184666 183431 44061 44061 9716165 749516 671047 671047 78469 4684566 4684566 4763035 752803 -50000 -50000 802803 42940 42940 845743 Part V, Line 4: The Organization's endowment fund is designed to experience continued growth through returns from investments. The investment earnings should supplement the fundraising and other program activities to provide annual operating funds. Part XI, Line 2d - Other Adjustments: Renovation Projects 671,047. Part XI, Line 4b - Other Adjustments: Realized Gain 4,098,793. Investment Income 585,773. Part XII, Line 2d - Other Adjustments: Facilities Capital Improvements -50,000. 0 1 0 0 0 0 0 1 0 Virginia A Logan Assistant Secretary 0 344831 0 0 0 0 0 41023 0 9149 0 395003 0 0 Part I, Line 3 Brandywine Conservancy uses the following methods to establish the compensation of the organization's CEO/Executive director: recommendation of the compensation committee, written employment contract, Form 990 of other organizations, and approval by the board or finance committee. Part I, Line 4b Brandywine Conservancy has implemented an unqualified unfunded deferred compensation plan under IRS Code Section 457, for which a select group of management is eligible to participate. Part I, Line 7 The compensation committee may approve a bonus pool amount based on the performance of the organization's mission and subject to the availability of funds. Brandywine Conservancy & Museum of Art Supported organization 129792 Penguin Court pays Brandywine a management fee to process all financial transactions on its behalf. Penguin Court reimburses Brandywine for all expenses incurred in execution of Penguin Court's exempt purpose. 0 Form 990, Part VI, Section A, line 2 Some board members also serve on the governing board of Brandywine Conservancy & Museum of Art. Form 990, Part VI, Section A, line 6 Brandywine Conservancy & Museum of Art is the sole member of Penguin Court, Inc. Form 990, Part VI, Section A, line 7a Brandywine Conservancy & Museum of Art is authorized to elect the Board members in accordance with the By-Laws. Brandywine Conservancy & Museum of Art has the power to make, adopt, alter or repeal, from time to time, By-Laws and regulations for the orderly operation of Penguin Court, Inc. Form 990, Part VI, Section B, line 11b Draft versions of the Form 990 are distributed to all board members for approval prior to filing. Form 990, Part VI, Section B, line 12c Penguin Court regularly and consistently monitors and enforces compliance with the Conflict of Interest policy by requiring all officers, directors, trustees and employees to complete an annual conflict of interest policy form. The form must be signed and any conflict disclosed. Trustees, officers, directors and employee forms are kept in the office of the executive director. Form 990, Part VI, Section C, line 19 Various policies, audited financial statements and the annual form 990 are made available to the public by written request. Form 990, Part XII, Line 2c: Brandywine Conservancy & Museum of Art has an Audit and Finance Committee that assumes responsibility for oversight of the financial statement audit and the selection of the independent auditors. BRANDYWINE CONSERVANCY & MUSEUM OF ART PO BOX 141 CHADDS FORD PA 19317 516020908 Art museum and natural resource preservation & conservation DE 501(c)(3) 509(a)(1) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 Brandywine Conservancy & Museum of Art M 129792 FMV Brandywine Conservancy & Museum of Art O 347025 FMV Brandywine Conservancy & Museum of Art P 275986 FMV