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 requires full disclosure of all actual and potential conflicts of interest. The board of directors will determine whether or not a conflict of interest exists and whether or not such conflict materially and adversely affects the interest of the organization. A director whose potential conflict is under review may not debate, vote, or otherwise participate in such determination. If the board of directors determines that an actual or potential conflict of interest does exist, the board shall also determine an appropriate remedy.”

“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 2022. 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.”

“Murmuration inc. And murmuration holdings inc. Are related organizations. They are also parties to a cost sharing reimbursement agreement under which murmuration holdings inc. Reimburses murmuration inc. For personnel costs. Amounts reported as compensation on part vii reflect the amounts allocated to murmuration, inc. Related party compensation reported on part vii reflect the amounts allocated to murmuration holdings inc.”

“Consulting fees: program service expenses 282,041. Management and general expenses 1,168,476. Fundraising expenses 0. Total expenses 1,450,517. Professional fees: program service expenses 38,403. Management and general expenses 159,102. Fundraising expenses 0. Total expenses 197,505.”

“Loss from subsidiaries -19,705,233. De-obligation of restricted funds -16,000,000.”