Development Centers Inc.

“The organization amended its articles of incorporation during the fiscal year to add that southwest solutions d/b/a miside community impact network (miside) is the sole member of development centers, inc. As the sole member, miside has the power to take the following actions: election and/or removal of the members of the corporation or board of directors, approval of the corporation's captial expenditures in excess of $50,000, approval of all debt, loans, investments, and leases, hiring, discharge, and evaluation of the corporation's president, adoption of the annual operating and capital budgets of the corporation, adoption of the corporation's strategic plans, amendment to the articles of incorporation or bylaws, merger, consolidation, integration, affiliation, or similar transaction, any other change in control of the organization, sale or transfer of more than ten percent of the assets of the corporation to an external party, formation or dissolution of a corporation subsidiary, the selection, retention, and oversight of the auditors, and any other approval for which parent board of directors approval is required.”

“Effective 10/1/23, development centers, inc. Is a wholly-owned subsidiary of southwest solutions, the parent company.”

“Effective 10/1/23, all board members must be appointed by southwest solutions' board of directors.”

“The organization requires certain matters to be voted on not only by the governing body reported on form 990, part vii, but by the governing board of southwest solutions, inc. Dba miside community impact network. The decisions requiring this approval include, but are not limited to the following: budget approval, bylaws revisions, formation of a new company, and capital acquisitions greater than $250,000. Each governing board member will get one vote on those matters.”

“Board officers and key employees review form 990 after completion by an independent c.p.a. Firm prior to filing the return.”

“Annually, the conflict of interest policy is provided to the board members for review and approval. In addition, the disclosure statement is completed on an annual basis by all board members. If there are any conflicts of interest, the board member would abstain from voting. All miside employees and board members are subject to the conflict of interest policy.”

“The organization compensates the chief executive officer in the same way that all staff is compensated a presentation on wage and salary changes is given to the board for approval. The chief executive officer is not given any additional or special arrangements different from any other management staff. All key staff are compensated based on the agency plan and approval by board members. There is no special determination for key employees.”

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

“Catherine leisman's role within the organization changed as of october 1, 2023, although she remained on the payroll. Details are available upon request.”

“Effective october 1, 2023, miside early years entered into an affiliation agreement with southwest solutions, inc. D/b/a miside (miside). The affiliation is a result of both organizations sharing common and unifying charitable missions and advances their missions to better serve their communities in an even more cost-effective and cohesive manner. As such, miside early years ensured their programs aligned with the overall common mission of miside.”

“Other professional fees: program service expenses 2,102,972. Management and general expenses 24,062. Total expenses 2,127,034. Other fundraising fees: fundraising expenses 129,935. Total expenses 129,935.”

“Fair value adjustment from business combination 1,191,126.”