Abc Nj Apprenticeship Education & Traini

“The organization has an agreement with an affiliate, associated builders and contractors new jersey chapter, to provide management services.”

“There are no committees with the authority to act on behalf of the governing body therefore there is no documentation of meetings of any such committees.”

“First the treasurer reviews the form 990. Then the form is distributed to the entire board electronically for their review. The board responds with comments. The form is approved, finalized and filed with the irs upon confirmation of all board members.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by requiring officers, directors, and the president to annually execute a disclosure form and policy sign off. If a conflict arises, the person with the conflict is not allowed to vote on the transaction. There have been no incidences of any conflict in 2022.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization does not file any forms w2 as all forms w2 are filed and reported by its related organization abc nj chapter and allocated to the organization. Selected board members of abc nj chapter review the president/ceo's job description, deliverables, and execution annually. In determining the president/ceo's compensation the board references abc national's salary reports and the market rate. Also taken into consideration are the individual's work experience and industry knowledge. The process is documented in the president/ceo's employee folder and was last done in xx/xx. The same process is done for the organization's other officers. This process is documented and was last done xx/xx. Abc nj chapter does not have any key employees.”

“Professional fees: program service expenses 89,792. Management and general expenses 38,482. Fundraising expenses 0. Total expenses 128,274.”