Murmuration Inc

“The return was prepared by the outside accountants and reviewed by senior management. A final copy of the return was provided to the board before it was filed with the irs.”

“Each covered official discloses any and all facts that may be construed as a conflict of interest, both through an annual disclosure process and whenever such actual or potential conflict arises. The board of directors recognizes that conflicts of interest are not uncommon, and that not all conflicts of interest are necessarily harmful to the corporation. Covered officials are nonetheless encouraged to err on the side of disclosure. The board of directors will review submitted disclosures, determine whether or not a conflict of interest exists, and determine whether or not such conflict materially and adversely affects the corporation's interests. If the reviewing body or official determines that an actual or potential conflict of interest exists, the reviewing body or official also determines an appropriate remedy. Such remedy may include, for example, (i) waiver of the conflict of interest as unlikely to affect the covered official's ability to act in the best interests of the corporation; (ii) recusal of the conflicted covered official from participating in certain matters pending before the corporation, the board, or other corporation body; or (iii) resignation or separation of the conflicted covered official from his or her position with the corporation (subject to the terms of any pertinent employment agreement). A covered official whose potential conflict is under review may not debate, vote, or otherwise participate in such determination except to disclose material facts and to respond to questions, and further abstains from participating in any corporation matter affecting the interest under review pending a determination from the reviewing body or official.”

“Pursuant to murmuration's compensation policy, the board of directors reviews and approves the compensation of all chief employed executives, officers, and key employees at the time of hiring and on annual basis thereafter. The most recent review of compensation pursuant to the compensation policy took place in december 2019. In reviewing and approving compensation pursuant to the policy, the board uses comparability data to determine the fair market value of the compensation, ensures that only impartial decision-makers are involved in the review and approval process, and documents concurrently with its decisions how it reached those decisions, including the data on which it relied.”

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

“Contract expenses: program service expenses 82,958. Management and general expenses 32,849. Fundraising expenses 0. Total expenses 115,807. Consulting fees: program service expenses 871,117. Management and general expenses 344,938. Fundraising expenses 0. Total expenses 1,216,055. Professional fees: program service expenses 83,380. Management and general expenses 33,016. Fundraising expenses 0. Total expenses 116,396.”

“Loss from subsidiaries -6,125,570.”