FORM 990, PART VI |
THE FOUNDATION HIRES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990. UPON SUBMISSION OF THE DRAFT, THE 990 IS REVIEWED BY THE FOUNDATION'S OFFICERS. THE FINAL DRAFT IS DISTRIBUTED TO ALL TRUSTEES IN ADVANCE OF FILING. IF NO QUESTIONS OR EDITS FROM THE REVIEW OF TRUSTEES OR MANAGEMENT, THE 990 IS THEN SIGNED AND FILED WITH THE IRS. |
FORM 990, PART VI, SECTION A, LINE 7A |
THE FOUNDATION'S TRUSTEES ARE APPOINTED BY THE CHAIRMAN OF THE ASSOCIATION OF BUILDERS AND CONTRACTORS INC., A RELATED ORGANIZATION. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE FOUNDATION HIRES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990. UPON SUBMISSION OF THE DRAFT, THE 990 IS REVIEWED BY THE FOUNDATION'S MANAGEMENT. THE FINAL DRAFT IS DISTRIBUTED TO ALL TRUSTEES IN ADVANCE OF FILING. IF NO QUESTIONS OR EDITS FROM THE REVIEW OF TRUSTEES OR MANAGEMENT, THE 990 IS THEN SIGNED AND FILED WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C |
EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO DISCLOSE AND CERTIFY HIS OR HER COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IF A CONFLICT OF INTEREST ARISES, THE TRUSTEE WOULD RECUSE HIMSELF OR HERSELF FROM THE RELEVANT PROCEEDINGS. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE FOUNDATION WILL MAKE ITS ORGANIZATIONAL DOCUMENTS, FEDERAL FORM 990, AND FINANCIAL STATEMENTS AS REQUIRED FOR PUBLIC DISCLOSURE, AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS FORTH IN SECTION 6104(D). |
FORM 990, PART IX, LINE 11G |
OTHER PROFESSIONAL FEES 116,953. |
FORM 990, PART XII, LINE 2C: |
THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. |
FORM 990, PART IV, LINE 6A: |
THE ORGANIZATION DID NOT SOLICIT ANY CONTRIBUTIONS DURING THE YEAR, THE CONTRIBUTION REPORTED ON FORM 990 WAS MADE VOLUNTARILY TO THE ORGANIZATION. |
FORM 990, PART VII AND SCHEDULE J: |
CONSTRUCTION LEGAL RIGHTS FOUNDATION DOES NOT COMPENSATE ANYONE SHOWN IN PART VII OF THE FORM 990 OR SCHEDULE J, PART II. THE COMPENSATION SHOWN IN THESE SECTIONS IS PAID BY THE ASSOCIATED BUILDERS AND CONTRACTORS, INC, THE FOUNDATION'S RELATED ORGANIZATION. THE FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF ASSOCIATED BUILDERS AND CONTRACTORS, INC. THE FOLLOWING IS THE COMPENSATION METHODOLOGY USED BY ASSOCIATED BUILDERS AND CONTRACTORS, INC: THE COMPENSATION COMMITTEE REVIEWS AND DETERMINES THE SALARY OF THE PRESIDENT/CEO. THE PRESIDENT/CEO REVIEWS AND DETERMINES THE SALARY OF KEY EMPLOYEES. APPROXIMATELY EVERY THREE YEARS, THE ASSOCIATION EMPLOYS A CONSULTANT TO PERFORM A SALARY SURVEY OF ALL POSITIONS TO DETERMINE COMPARABLE SALARIES IN THE WASHING DC METROPOLITAN AREA. BONUS /INCENTIVE COMPENSATION IS DERIVED BY AN EVALUATION OF THE COMPENSATION COMMITTEE OF PERFORMANCE AGAINST THE ORGANIZATIONS STRATEGIC AND OPERATIONAL OBJECTIVES FOR THE YEAR. |