2026-09-22T09:45:23-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1500 RXR PLAZA WEST TOWER UNIONDALE NY 11556 990 2025-01-01 473589804 CENTER FOR ECONOMIC DEMOCRACY INC CENT 8778295500 769 CENTRE STREET 143 BOSTON MA 02130 SHARI DAVIS CO-EXECUTIVE DIRECTOR 8778295500 2026-09-17 1 CATHERINE PETERCSAK P01357092 5167472000 2026-09-04 2025 SHARI DAVIS 769 CENTRE STREET 143 BOSTON MA 02130 5637774 0 X WWW.ECONOMICDEMOCRACY.US X 2013 MA THE CENTER FOR ECONOMIC DEMOCRACY [C.E.D.] IS A U.S. SOCIAL MOVEMENT BUILDING ORGANIZATION, GROWING CAPACITY IN OUR COMMUNITIES TO TRANSFORM AMERICAN CAPITALISM INTO A MORE JUST, SUSTAINABLE AND DEMOCRATIC ECONOMY. 5 5 23 200 0 0 6323690 4069800 91985 65049 49605 136129 0 0 6465280 4270978 701906 1396475 0 0 2603669 2178297 0 0 110596 900995 870201 4206570 4444973 2258710 -173995 9593066 7461724 389946 234078 9203120 7227646 X THE CENTER FOR ECONOMIC DEMOCRACY [C.E.D.] IS A U.S. SOCIAL MOVEMENT BUILDING ORGANIZATION, GROWING CAPACITY IN OUR COMMUNITIES TO TRANSFORM AMERICAN CAPITALISM INTO A MORE JUST, SUSTAINABLE AND DEMOCRATIC ECONOMY. 0 0 3409753 1396475 65049 CED COMPLETED SEVERAL MAJOR MILESTONES IN 2025:1) CED LAUNCHED THE BRAVE NARRATIVES PROJECT IN COLLABORATION WITH LOCAL PARTNERS TO RELEASE THE "A COLLECTIVE FUTURE" DOCUMENTARY ABOUT INSPIRING EXAMPLES OF COMMUNITY OWNERSHIP MODELS, AND ORGANIZED BOSTON-AREA RESIDENTS TO PLEDGE IN SUPPORT OF ECONOMIC DEMOCRACY PROJECTS. 2) CED MOBILIZED THE RESOURCES AND BUILT THE INFRASTRUCTURE FOR A COMMUNITY LED DECISION MAKING PROCESS THAT'S INCUBATED COMMUNITY OWNERSHIP PROJECTS STATEWIDE. 3) CED LED THE FIRST MOVEMENT FINANCE FORUM CONVENING THAT BROUGHT TOGETHER PRACTITIONERS FROM ACROSS SEVERAL ECOSYSTEMS TO ADVANCE A COORDINATED NETWORK APPROACH, AND SUCCESSFULLY LAUNCHED THE PEOPLE'S BUDGET SURVEY TO STRENGTHEN RESIDENT-LED DEMANDS OF THE CITY BUDGET, WHILE OUR COALITION FOR WORKER OWNERSHIP AND POWER'S NEW RESEARCH AND POLICY AGENDA WAS DEVELOPED. 3409753 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 47 0 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA AL AR AK CA CO CT DC FL GA IL KS KY ME MD MI MN NJ NV NH NM NY NC ND OH OK OR PA RI SC VA WA WI WV X MARTIN FAMILIA 8573429731 769 CENTRE STREET SUITE 143 BOSTON MA 02130 PENN LOH PRESIDENT 2.00 X X 0 0 0 AARON TANAKA DIRECTOR (TREASURER SINCE 10/1/25) 2.00 X X 0 0 0 SARAH JIMENEZ TREASURER (UNTIL 9/30/25) 2.00 X X 0 0 0 FARHAD EBRAHIMI DIRECTOR 2.00 X 0 0 0 TIFFANY BROWN DIRECTOR 2.00 X 0 0 0 KHALIDA SMALLS DIRECTOR 2.00 X 0 0 0 LILY HUANG CO-EXECUTIVE DIRECTOR (SINCE 9/5/25) 40.00 X 35186 0 156 SHARI DAVIS CO-EXECUTIVE DIRECTOR 40.00 X 135369 0 20653 MARTIN FAMILIA SR. DIRECTOR OF FINANCE & HR 40.00 X 117514 0 11297 MARIA CHRISTINA BLANCO BOARD CLERK/OPERATIONS MANAGER 42.00 X 78060 0 10879 JENNIFER NEAR SR. DIR. OF PHILANTHROPY & INVESTING 40.00 X 117043 0 9881 AMRITA WASSAN SR. DIRECTOR OF NATIONAL PROGRAMS 40.00 X 110011 0 9186 CHRISLENE DEJEAN SR. DIRECTOR OF PEOPLE & CULTURE 40.00 X 107062 0 14938 700245 0 76990 5 0 1 0 0 4069800 4069800 PROGRAM SERVICE FEES 900099 65049 65049 65049 136129 136129 1366796 1366796 0 4270978 65049 0 136129 1396475 1396475 409113 134340 224498 50275 1444043 1058882 374083 11078 41369 30269 10719 381 131389 95644 35438 307 152383 99221 48495 4667 25976 25976 36843 36843 7046 7046 272809 203290 41960 27559 103728 103005 723 40113 14418 25617 78 76646 40086 36560 25385 16962 7575 848 51702 32440 14013 5249 208798 183850 20888 4060 494 494 11143 11143 LICENSES AND PERMITS 9518 377 3047 6094 4444973 3409753 924624 110596 942303 563203 3980645 2087496 2714561 1997155 22054 17091 1233503 2296779 700000 500000 9593066 7461724 179953 234078 209993 0 389946 234078 X 5210886 5193052 3992234 2034594 9203120 7227646 9593066 7461724 X -173995 32906 -1834385 X 0 1 X 1 0 X 3868454 7328600 4723979 6323690 4069800 26314523 3868454 7328600 4723979 6323690 4069800 26314523 7069687 19244836 21531 49605 136129 207265 26521788 656538 0.72560 0.70470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6521 6521 4438452 4444973 372249 93062 0 0 272318 337480 360329 372249 1342376 2013564 34630 12933 13044 6521 67128 68080 84370 90082 93062 335594 503391 0 500000 C 500000 X 4297287 32906 449 33355 4263932 7046 7046 4270978 6272761 449 1834385 1834834 4437927 7046 7046 4444973 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF DECEMBER 31, 2025 AND 2024, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF DECEMBER 31, 2025 AND 2024. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. PART XII, LINE 2D - OTHER ADJUSTMENTS: TRANSFER OF NET ASSETS TO THE BOSTON UJIMA PROJECT, INC. 1,834,385. X X X 1 CAITLIN GIANNINY 33 FREE STREET SOUTH PORTLAND ME 04106 DONOR MGMT, RESEARCH, PROSPECTING, MATERIAL DEVELOPMENT AND 0 0 21959 0 21959 CA IL MA NH NY RI SC AL AR AK CO CT DC FL GA KS KY ME MD MI MN NV NJ NM NC ND OH OK OR PA VA WA WV WI 1 ARISE FOR SOCIAL JUSTICE 38 SCHOOL STREET SPRINGFIELD MA 01105 042914511 501(C)3 70000 0 GRANTS FOR WILLOW PREC LAND STEWARDSHIP PROGRAM, WILLOW PERMANENT REAL ESTATE COOPERATIVE, AND THE SOLIDARITY ECONOMY INITIATIVE ("SEI") POOLED FUND ASIAN AMERICAN RESOURCE WORKSHOP 42 CHARLES STREET SUITE A DORCHESTER MA 02122 042707980 501(C)3 40000 0 GRANT FOR IMMIGRANT JUSTICE WORK WITH THE LUCE NETWORK BEYOND BOND AND LEGAL DEFENSE FUND 3 CHURCH STREET CAMBRIDGE MA 02138 850974406 501(C)3 80000 0 GRANT AWARD FOR PROGRAM ACTIVITIES BOSTON NEIGHBORHOOD COMMUNITY LAND TRUST 550 DUDLEY STREET ROXBURY MA 02119 465136872 501(C)3 30000 0 GRANT FROM SOLIDARITY ECONOMY INITIATIVE BRAZILIAN WOMEN'S GROUP 697 CAMBRIDGE STREET SUITE 106 BRIGHTON MA 02135 043549382 501(C)3 85000 0 GRANTS FOR BRAZILIAN WOMEN'S GROUP (BWG) FOR DEVELOPMENT OF STAFF, BOARD AND LEADERSHIP, GRANT FUNDING FROM SOLIDARITY ECONOMY INITIATIVE, AND TO SUPPORT IMMIGRANT JUSTICE WORK WITH THE LUCE NETWORK. CENTER FOR COOPERATIVE DEVELOPMENT & SOLIDARITY PO BOX 354 EAST BOSTON MA 02128 992557602 501(C)3 15616 0 FISCAL SPONSORSHIP TRANSFER CHINATOWN COMMUNITY LAND TRUST 28 ASH STREET BOSTON MA 02111 473187874 501(C)3 20000 0 SOLIDARITY ECONOMY INITIATIVE GRANT DUDLEY STREET NEIGHBORHOOD INITIATIVE 550 DUDLEY STREET ROXBURY MA 02119 042859066 501(C)3 40000 0 GRANT FROM THE SOLIDARITY ECONOMY INITIATIVE ("SEI") POOLED FUND FAMILIES FOR JUSTICE AS HEALING 100R WARREN STREET ROXBURY MA 02119 454148974 501(C)3 165000 0 GRANT AWARDS FOR SEI INCUBATOR, COMMUNITY WELLNESS LOUNGE PROJECT, AND THE SOLIDARITY ECONOMY INITIATIVE ("SEI") POOLED FUND. HAVEN OF HOPE 696 SAN RAMON VALLEY BLVD PMB 194 DANVILLE CA 94526 043097887 501(C)3 60000 0 GRANTS FROM SEI 2025 GRASSROOT INCUBATOR AND SOLIDARITY ECONOMY INITIATIVE FOR UPTIMA. HOME COALITION OF GREATER BROCKTON INC 1350 PLEASANT STREET BROCKTON MA 02301 923767521 501(C)3 70000 0 PARTICIPATION IN SEI'S 2025 GRASSROOTS INCUBATOR. GRANT FOR INTERNAL INFRASTRUCTURE, CAPACITY, AND SUPPORT TO SUSTAIN THE LAND TRUST. NEIGHBOR TO NEIGHBOR MASSACHUSETTS EDUCATION FUND PO BOX 30839 WORCESTER MA 01603 043507716 501(C)3 260000 0 GRANT FOR THE LUCE NETWORK PIONEER VALLEY WORKER CENTER INC 20 MAPLE STREET SPRINGFIELD MA 01103 824732798 501(C)3 40000 0 GRANT TO SUPPORT IMMIGRANT JUSTICE WORK WITH THE LUCE NETWORK. RESIST PO BOX 301240 JAMAICA PLAIN MA 02130 042433182 501(C)3 288000 0 GRANTS FOR PARTICIPATION IN THE COMMUNITY MOVEMENT COMMONS. ALSO, GRANTS FOR MATAHARI, MUTUAL AID EASTIE, AND THE LUCE NETWORK PARTCIPATION. SOMERVILLE COMMUNITY LAND TRUST 337 BROADWAY SOMERVILLE MA 02145 834461699 501(C)3 40000 0 GRANT FOR RENOVATIONS AT 12 PLEASANT AVE, SOMERVILLE URBAN REVIVAL DBA CITY LIFEVIDA URBAN 284 AMORY STREET FLR 1 BOSTON MA 02130 042660311 501(C)3 70000 0 GRANTS FOR THE TENANT RESILIENCE PROGRAM AND FOR THE FISCALLY SPONSORED PROJECT KEEP MASSACHUSETTS HOME TO SUPPORT OUTREACH, EDUCATION, AND ORGANIZING FOR RENT STABILIZATION IN MASSACHUSETTS. 16 0 PART I, LINE 2: GRANT SELECTION: CED MAKES 3 BROAD CATEGORIES OF GRANTS: THOSE PURSUANT TO OUR FISCAL SPONSORSHIP PROGRAMS, THOSE MADE TO OUR PROGRAM AREA COLLABORATORS, AND THOSE MADE THROUGH PARTICIPATORY GRANTMAKING PROCESSES CONVENED BY CED. 1. CED ENTERS INTO FISCAL SPONSORSHIP RELATIONSHIPS WITH PROJECTS AND ENTITIES THAT FURTHER OUR EXEMPT PURPOSES, AFTER CONDUCTING DUE DILIGENCE AND AFTER A BOARD VOTE TO DO SO. WE THEN MAKE ANNUAL OR AS-REQUESTED GRANTS TO MODEL C FISCALLY SPONSORED PROJECTS UPON THEIR SUBMISSION OF A REQUEST THROUGH A FORM, ACCOMPANIED BY AN ANNUAL BUDGET OR OTHER EXPENSE SUBSTANTIATION. WE MAKE GRANTS TO MODEL C FISCALLY SPONSORED PROJECTS UPON THE END OF THE FISCAL SPONSORSHIP RELATIONSHIP AND TRANSFER OF THE PROJECT TO A NEW 501C3 ENTITY OR DIFFERENT FISCAL SPONSOR. 2. CED MAKES GRANTS TO ORGANIZATIONS THAT COLLABORATE IN OUR PROGRAM ACTIVITIES - FOR EXAMPLE, SERVING ON CED ADVISORY COMMITTEES, SENDING PERSONNEL TO CED-HOSTED CONFERENCES, CO-HOSTING EVENTS WITH CED. THESE GRANTEES ARE ELIGIBLE FOR GRANTS BASED ON THEIR WORK FURTHERING CED'S EXEMPT PURPOSES THROUGH THEIR PARTICIPATION IN CED'S COALITIONS AND CAMPAIGNS. GRANT AMOUNTS ARE DETERMINED BY RECOMMENDATION OF THE CED STAFF RESPONSIBLE FOR THE BUDGET OF THE RELEVANT PROGRAM AREA. 3. CED HAS DEVELOPED PARTICIPATORY GRANTMAKING PROCESSES IN WHICH OUR PROGRAM AREA STAFF CONVENES A BODY OF REPRESENTATIVES OF PEER ORGANIZATIONS AND/OR COMMUNITY MEMBERS ON AN ANNUAL COHORT BASIS, INVITES ORGANIZATIONAL APPLICANTS WITHIN GEOGRAPHIC AND ACTIVITY PARAMETERS THAT ALIGN WITH OUR GENERAL EXEMPT PURPOSE AND SPECIFIC PROGRAM AREA PURPOSE TO SUBMIT FUNDING PROPOSALS, AND RECEIVES GRANT RECOMMENDATIONS FROM THE PARTICIPATORY GRANTMAKING BODY BASED ON SELECTION CRITERIA AND PROCESS DEVELOPED BY THE BODY WITH COMPLIANCE GUIDANCE FROM CED STAFF. CED STAFF IS PRESENT DURING THE GRANTMAKING BODY'S DELIBERATIONS AND ENSURES ADHERENCE TO POLICIES ON MANAGEMENT OF CONFLICTS OF INTEREST. GRANTS ARE MADE AS RECOMMENDED FROM THESE PARTICIPATORY GRANTMAKING PROCESSES, AFTER COMPLIANCE REVIEW BY CED STAFF. GRANT SUBSTANTIATION: EACH GRANT MADE BY CED IS DOCUMENTED WITH A WRITTEN AGREEMENT, WHICH IS GENERALLY SIGNED BY AN AUTHORIZED REPRESENTATIVE OF BOTH CED AND THE GRANTEE ENTITY, OR IF NOT, WHICH CONTAINS LANGUAGE SPECIFYING THAT BY ACCEPTING THE FUNDS, THE RECIPIENT IS AGREEING TO THE GRANT TERMS. THE GRANT TERMS INCLUDE ANY PURPOSE RESTRICTIONS FOR THE FUNDS - OR IF THE FUNDS ARE FOR GENERAL OPERATIONS OF A 501(C)(3) NONPROFIT, A STATEMENT THAT THEY ARE INTENDED TO SUPPORT THE GRANTEE'S CHARITABLE PURPOSE. GRANT TERMS ALSO INCLUDE: PROHIBITION ON USE OF THE FUNDS FOR ELECTIONEERING AND LIMITS ON USE FOR LOBBYING; PROHIBITION ON USE OF THE FUNDS FOR IMPERMISSIBLE PRIVATE BENEFIT; REQUIREMENT TO REPAY ANY FUNDS NOT USED FOR THE STATED PURPOSE UNDER THE AGREEMENT. DEPENDING ON THE NATURE OF THE GRANTEE AND ITS PROGRAMS, TERMS MAY ADDITIONALLY INCLUDE: REQUIREMENT TO NOTIFY CED OF ANY CHANGE TO GRANTEE'S STATUS AS A 501C3 AND PUBLIC CHARITY, PROHIBITION ON DISCRIMINATION AGAINST PROGRAM PARTICIPANTS BASED ON PROTECTED STATUSES UNDER MASSACHUSETTS LAW; REPORTING REQUIREMENTS, WHICH FOR FISCALLY SPONSORED PROJECTS ARE GENERALLY FINANCIAL RECORDS EXTERNAL COMMUNICATIONS ABOUT PROGRAM ACCOMPLISHMENTS, AND FOR PROGRAM AREA GRANTEES ARE GENERALLY UPDATES SHARED IN THE COURSE OF PARTICIPATION IN CED PROGRAMMING. X 1 0 0 0 0 0 0 0 0 SHARI DAVIS CO-EXECUTIVE DIRECTOR 135369 0 0 0 0 0 4061 0 16592 0 156022 0 0 0 PART I, LINE 4A AMRITA WASSON, SR. DIRECTOR OF NATIONAL PROGRAMS, SEPARATED FROM THE ORGANIZATION ON NOVEMBER 14, 2025 AND RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $14,081. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR PERFORM A DETAILED REVIEW OF THE FORM 990. ONCE APPROVED, A COPY OF THE FINAL FORM 990 IS PROVIDED TO ALL OTHER BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 1. DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT . 4. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY: A. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, THE BOARD OF DIRECTORS APPROVES THE YEARLY BUDGET WHICH INCLUDES THE COMPENSATION FOR ALL EMPLOYEES. THE BOARD APPROVAL OF THE BUDGET IS DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS TO THE BOSTON UJIMA PROJECT, INC. -1,834,385.