B U I L D Incorporated

“Build shall be the sole member of the corporation.”

“At least annually, the board of directors of build shall elect the build directors by vote of the board of directors of build at a meeting or by written consent as set forth in build's bylaws. The build directors, acting by majority vote, shall then elect the two (2) independent directors. A director shall hold office until the next annual meeting and until his or her successor has been elected or until his or her death, resignation or removal.”

“The affairs of corporation shall be managed by or under the direction of its board of directors. The board of directors may act on any matter notwithstanding the existence of one or more vacancies in the board of directors.”

“The committees do not keep formal minutes of their meetings as the board does, but informal minutes are kept, and their reports to the full board are included in the board's minutes.”

“The finance committee reviews the 990. A copy of the 990 was forwarded to each board member for their review prior to filing.”

“The organization's activities are conducted in accordance with its conflict of interest policy and employees are encouraged to report to management any potential conflicts they observe during the course of their employment.”

“A formal comparison of salaries with similar not for profit organizations is conducted. Board chair completes a formal review and the executive committee discusses the salary compensation.”

“Documents of the organization are made available to the public upon request.”

“Architects: program service expenses 87,660. Management and general expenses 48,311. Fundraising expenses 8,329. Total expenses 144,300. Professional fees: program service expenses 290,446. Management and general expenses 160,070. Fundraising expenses 97. Total expenses 450,613. Payroll processing fees: program service expenses 27,659. Management and general expenses 15,243. Fundraising expenses 2,628. Total expenses 45,530. Professional development: program service expenses 22,715. Management and general expenses 12,519. Fundraising expenses 2,158. Total expenses 37,392. Miscellaneous fees: program service expenses 2,102. Management and general expenses 1,158. Fundraising expenses 200. Total expenses 3,460. Bank fees: program service expenses 2,308. Management and general expenses 1,272. Fundraising expenses 219. Total expenses 3,799.”

“The oversight process has not changed from last year.”