Associated Builders and Contractors Northern Ca Chapter Benefit Trust Fund

“Various administrative and program oversight regarding the benefit trust fund were delegated in a written agreement to the associated builders and contractors northern california chapter. The fees for such duties are in accordance with an agreement signed by the trustees and the chapter on a no less than annual basis. Reimbursement for compensation of officers that is attributable to the filing organization is included in the administration agreement. Such compensation is reported at part vii, ix, form 990, and schedule j and is limited to reimbursement of direct expenses.”

“The form 990 is completed by our cpa firm and then reviewed and discussed with management to ensure that the information is complete and accurate. The form 990 is presented to the members of the board of trustees for their review and to answer any questions that may come up during the preparation process.”

“Potential conflicts of interest are reviewed and determined at the board of trustees level. The trustees annually sign statements acknowledging the receipt of the conflict policy and their agreement to comply with it. Potential issues are raised at trust meetings. If a conflict arises the person with such conflict is not allowed to vote on the transaction. There have been no incidences of any conflict in 2024.”

“The abc norcal chapter executive committee of the board of directors annually reviews the performance and compensation of the organization president/ceo and other officers. This is a formal written evaluation reviewing goals and objectives for the preceding year. In addition to annual compensation review, the ncc executive committee has access to the abc national compensation study as well as various other salary surveys and information for similar positions in the geographic area. The organization does not have any key employees.”

“The organization makes its form 1024 and 990 available for public inspection upon request.”

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

“Oversight of the audit and selection of a qualified accountant is done by the whole board of trustees, there is no separate committee for these responsibilities.”