Difference between revisions of "Financial Accountability"

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Revision as of 14:40, 7 May 2012

This page is the homepage for the Financial Accountability Working Group (FAWG).

Email list: ob-finance@lists.mayfirst.org Join the list and view message archives at https://lists.mayfirst.org/mailman/listinfo/ob-finance

Cash Hotline - 857.417.7872

FAWG Meeting Schedule

FAWG often meets every other Wednesday from 7:00 to 9:00 PM

Next Meeting: Monday, 5/2/2012

7:00 to 9:00 PM

City Place / Transportation Building


FAWG thanks the OB community for its willingness to engage in the 2 hour conversation about OB's realtionship with its $,

at the Tuesday, April 10 2012 General Assembly, at Camp Charlie:

Please see the transcription of the small group discussions:


Please see the meeting notes, as well:



Community Work Session

Sunday, May 6 1:00 to 4:00

Hope Church, Jamaica Plain (1 block from Green Street T)

FAWG Minutes

FAWG Budget Presentation

Download the OB Finances Report from 9/30/11-1/21/12 (PDF)

Current Financial Accountability Working Group Members

Linda Jenkins, occupylinda @ gmail.com

Glen Kinnock

Matthew Krawitz (IT), OB-FAWG AT theherbalcurrent.com                      (Credit Union Account Signer)

Gregory Murphy, 617-413-6472, gsjmurphy @ gmail.com                       (Credit Union Account Signer)

Rita Sebastian

Financial Accountability Working Group Consultants

Daniel Paradis, tax lawyer - occupybostongc@gmail.com, 617.470.5049

OccupyBoston Internal Revenue Service and Banking Structure

For Occupy Boston to open a credit union account to track donations to the general fund, and any resulting OB expenses, OB needed an Employer Identification Number, provided by the IRS. Gregory Murphy obtained an EIN in the name of OccupyBoston. OccupyBoston's IRS address is OccupyBoston P. O. Box 51162, Boston, MA 02205 .

For the same reason and per credit union requirements, Gregory Murphy obtained a Certificate of Business from the City of Boston. That certificate lists Gregory Murphy dba (doing business as) Occupy Boston Financial Accountability Working Group. This is a temporary measure, simply to get an account open. OB's Financial Accountability Working Group is researching different potential organizational structures for OccupyBoston, and, at some point, will make a recommendation to the GA, in the form of a proposal.

Also, per a mediated Agreement (signed 11/1/11) with Paul Carnes and Sydney Sherrel, Mr. Carnes signed a Withdrawal of Business Certificate for the dba Occupy Boston, filed in his name. That certificate sits in escrow with mediator David Kelston, awaiting the fulfillment of all the  terms of the Agreement.  FAWG contends that FAWG, Mr. Carnes and Ms. Sherrell have satisfied the terms of the Agreement and that Mr. Kelston should deliver, to FAWG, the Withdrawal of Business Certificate dba Occupy Boston. Mr. Carnes and Ms. Sherrell contend that FAWG has violated the terms of the Agreement, have secured legal counsel, and are petitioning Mr. Kelston to return the  Withdrawal of Business Certificate dba OccupyBoston to them.  Mr. Kelston has called for another session (tentatively) set for Monday, 11/14/11, to come to terms with the dispute.

Once FAWG secures the Withdrawal of Business Certificate dba OccupyBoston, it intends to file the certificate at the City Clerk's office, and then, as soon as possible, secure a new Business Certificate dba OccupyBoston, to hold and protect, in the name of OccupyBoston, and as consented to by OccupyBoston's General Assembly, on 11/3/11.

On 10/25/11, members of FAWG opened an account at Liberty Bay Credit Union, in the name of Occupy Boston Financial Accountability Working Group, with a total deposit of $15,819.44, which included $5 LBCU gave OB for opening the account. As of 11/10/11, FAWG is in the process of moving funds donated to the WePay General Fund (over $30,000) to LBCU Savings Account. We wil decide, the week of 11/13, whteher to move the WePay Legal Fund (over $11,000) to a second savings account at LBCU, or to a trust, administered by FAWG consulting tax counsel.

Monthly Credit Union Statements

Occupy Boston Financial Statements

Profit And Loss

Balance Sheet

Working Group Expense