Builders and Contractors Exchange Inc

“THE EXCHANGE HAS MEMBERS”

“Election of board members and their rights the members of the governing board are elected 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 baord of directors for their approval. A majority of affirmative votes of the board of directors shall be required for their approval of the nominees.”

“Paul haveles 1118 azalea garden rd norfolk, va 23502 william e. Gresham, jr. Po box 5008 chesapeake, va 23324 william crocker 3495 progress rd norfolk, va 23502 daniel j. Grygo 1080 laskin rd, ste 204 virginia beach, va 23451 ed jost 1417 miller store rd virginia beach, va 23455 justin ballard 2828 shipps corner rd virginia beach, va 23453 jeffrey l. Cash 11048 warwick blvd newport news, va 23601 michael l. Sterling 500 world trade center norfolk, va 23510 brian strangways 873 seahawk cir virginia beach, va 23452 morgan wells po box 5445 chesapeake, va 23324 richard waller whittmore po box 1137 norfolk, va 23501”

“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.”

“Member services - to improve business conditions, cooperation and goodwill in the construction industry in virginia, and to enhance the human, intellectual and physical assets of the construction industry in virginia through advocacy, education, research, standards and information. This includes, but is not limited to, cooperation with other groups, associations, or professional societies existing, or formed for like purposes, announcement of new developments in the industry, and provision of access to plans, specifications and other information for construction projects.”