| FORM 990, PART III, LINE 2 |
MURMURATION UNDERTOOK THE CIVIC ENGAGEMENT PROGRAM IN 2015. |
| FORM 990, PART VI, SECTION A, LINE 2 |
DIRECTOR EMMA BLOOMBERG SERVES AS A DIRECTOR FOR LEADERSHIP FOR EDUCATIONAL EQUITY, INC. DIRECTOR BRIAN JOHNSON IS A MEMBER OF THE STAFF OF LEADERSHIP FOR EDUCATIONAL EQUITY, INC. |
| FORM 990, PART VI, SECTION B, LINE 11 |
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. |
| FORM 990, PART VI, SECTION B, LINE 12C |
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. |
| FORM 990, PART VI, SECTION B, LINE 15 |
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. MURMURATION DID NOT COMPENSATE ITS CHIEF EXECUTIVE OFFICER DURING THE 2015 TAX YEAR. THE MOST RECENT REVIEW OF COMPENSATION DURING THE 2015 TAX YEAR PURSUANT TO THE COMPENSATION POLICY TOOK PLACE IN MAY 2015 IN CONNECTION WITH MURMURATION'S HIRING OF ITS CHIEF OPERATING OFFICER. 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. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G |
CONSULTING FEES: PROGRAM SERVICE EXPENSES 351,993. MANAGEMENT AND GENERAL EXPENSES 332,687. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 684,680. |
Attach to Form 990 or 990-EZ.