Builders and Contractors Exchange Inc

“The exchange has members.”

“The members of the governing board are elected as follows: 1. At least nine (9) weeks prior to the date of the annual meeting, the president shall appoint a committee to be known as the nominating committee. This committee shall consist of five (5) past presidents of the exchange. The chair shall be the immediate past president of the exchange. The duties of the committee shall be to select individuals to fill the positions of the existing officers and directors for the upcoming year. The nominating committee shall provide a list of the new director(s)to the existing board of directors for their approval. A majority of affirmative votes of the board of directors shall be required for their approval of the nominees. 2. No later than six (6) weeks prior to the annual meeting, the nominating committee shall publish nominations in the weekly bulletin of the exchange and shall provide a copy to each active member in good standing. 3. The election of the board of directors shall be held at the annual meeting of the members entitled to vote. A majority of votes cast by voice vote by the members present constitutes an election.”

“The organization distributes a copy of the form 990 to its board, either, prior to filing or at the next board meeting following the filing.”

“The executive committee, consisting of the officer of the organization, reviews the performance of the executive director and makes recommendations to the board relative to compensation annually.”

“There are no other officers or key employees of the exchange, however, as part of the budget process, the finance committee reviews the executive director's recommendation for salary and wages of exchange employees. The full board of directors approves the operating budget at their october meeting.”

“The exchange posts organizational documents on its website its financial statements and its form 990 are made available to the members upon request.”