Associated Builders & Contractors Inc

“Line 11a explanation - a draft of the form 990 will be presented at a board meeting prior to filing.”

“Conflicts are required to be disclosed to the chairman of the board of directors and a listing of possible conflicts of interest is to be submitted annually. The chairman of the board will determine the necessary action depending on the level of the conflict of interest. The chief employed executive and the chief employed finance executive will monitor proposed and ongoing transactions for potential conflicts of interest and disclose them to the chairman of the board in order to deal with the potential or actual conflicts.”

“The organization's policy for determining the ceo's compensation includes three elements: review and approval by the board of directors and/or compensation committee of the organization, use of data for comparable compensation, and contemporaneous documentation and recordkeeping. Board members with conflicts of interest do not participate in the compensation review and approval. Compensation data for similarly qualified persons on functionally comparable positions at similarly situated organizations is reviewed in conjuction with the annual setting of compensation for the ceo. Additionally, contemporaneous documentation and recordkeeping occurs with respect to the deliberations and decisions made regarding the compensation arrangement.”

“The organization's governing documents, policies, and financial statements are made available upon request by interested parties.”

“Miscellaneous: program service expenses 40,812. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,812. Professional development: program service expenses 34,520. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,520. Utilities: program service expenses 24,157. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,157. Dues and subscriptions: program service expenses 13,169. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,169. Telephone: program service expenses 12,185. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,185. Repairs and maintenance: program service expenses 7,406. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,406.”