Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 8B | ASSOCIATED GENERAL CONTRACTORS OF VIRGINIA DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | COPIES OF THE 990 FORM WILL BE PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW PRIOR TO SUBMISSION TO THE IRS. THE FINANCE COMMITTEE IS A SUB-GROUP OF THE BOARD OF DIRECTORS (FOR 2015, THERE ARE SEVEN MEMBERS OF THE FINANCE COMMITTEE). THE FINAL REPORT WILL BE MADE AVAILABLE UPON REQUEST TO THE BOARD, AND ANYONE ELSE WHO REQUESTS A COPY. |
| FORM 990, PART VI, SECTION B, LINE 15A | A COMPENSATION COMMITTEE IS FORMED ANNUALLY TO REVIEW THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THE COMMITTEE IS COMPRISED OF THE CURRENT CHAIRMAN OF THE BOARD, THE IMMEDIATE PAST CHAIRMAN AND THE VICE CHAIRMAN. OUR POLICY IN THIS REGARD IS AS FOLLOWS... POLICY ON THE PROCESS FOR DETERMINING COMPENSATION THIS POLICY ON THE PROCESS FOR DETERMINING COMPENSATION OF THE ASSOCIATED GENERAL CONTRACTORS OF VIRGINIA APPLIES TO THE CHIEF EXECUTIVE OFFICER EMPLOYED BY THE ORGANIZATION. THE PROCESS INCLUDES ALL OF THESE ELEMENTS: (1) REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE BASED ON PRIOR DISCUSSIONS WITH AND PRE-APPROVAL BY THE BOARD OF DIRECTORS OF THE ORGANIZATION; (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. 1. REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE, BASED ON A PRELIMINARY DISCUSSION ON THE SUBJECT WITH THE BOARD OF DIRECTORS AND PRE-APPROVAL OF A RANGE OF ADJUSTMENTS, PROVIDED THAT ANY PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION COMMITTEE SHALL REPORT BACK TO THE BOARD FOLLOWING THE MEETING WITH THE CHIEF EXECUTIVE OFFICER. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS WILL BE CONSIDERED. 3. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THE COMPENSATION COMMITTEE IS MADE AWARE OF OTHER STAFF SALARIES, BUT THE DETERMINATION OF SALARIES FOR OTHER STAFF MEMBERS IS THE RESPONSIBILITY OF THE CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | ADJUSTMENT FOR PAC - SEPARATELY FILED -9,891. |
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