Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS THE FOLLOWING TYPES OF MEMBERS. FULL MEMBER: A BUSINESS, PERSON, FIRM OR CORPORATION WHICH REMITS ABC NATIONAL AND CHAPTER DUES TO THE NEW JERSEY CHAPTER LIFE MEMBER: AN INDIVIDUAL WHO IS RETIRED FROM AN ACTIVE ROLE IN THE INDUSTRY AND WHO WISHES TO CONTINUE TO PARTICIPATE IN FURTHERING THE OBJECTIVES, PURPOSES AND PROGRAMS OF THE ASSOCIATION. CANDIDATES FOR LIFE MEMBERSHIP MUST HAVE CONTRIBUTED SIGNIFICANTLY TO THE ASSOCIATION AND MUST BE RECOMMENDED BY THE CHAPTER BOARD OF DIRECTORS AND DESIGNATED A LIFE MEMBER BY THE ABC NATIONAL BOARD OF DIRECTORS. SUSTAINING MEMBER: AN ASSOCIATION, FOUNDATION OR OTHER NONPROFIT GROUP WHICH DESIRES ABC MEMBERSHIP AND CONTRIBUTES MONEY TO HELP FURTHER THE OBJECTIVES, PURPOSES AND PROGRAMS OF THE ASSOCIATION. MULTIPLE CHAPTER MEMBER: A FULL MEMBER OF ANOTHER ABC CHAPTER WHICH JOINS ABC OF NEW JERSEY WHERE IT REMITS ONLY THE OTHER CHAPTER PORTION OF THE BUSINESS'S TOTAL DUES OBLIGATION WITHIN THE PROPER DUES CATEGORY. CHAPTERONLY DUES FOR CONTRACTORS AND CONSTRUCTION MANAGEMENT BUSINESS SHALL BE BASED UPON THE GROSS ANNUAL DOLLAR AMOUNT OF CONSTRUCTION THE BUSINESS PERFORMS AND/OR COORDINATES WITHIN THE CHAPTER BOUNDARIES. ABC NATIONAL SERVICES WILL BE AVAILABLE TO THE BUSINESS THROUGH THOSE CHAPTERS TO WHICH THE MEMBER REMITS ABC NATIONAL DUES. ALL MEMBERS MAY NOMINATE BOARD MEMBERS AND PARTICIPATE IN THE ELECTION OF BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS MAY NOMINATE BOARD MEMBERS AND PARTICIPATE IN THE ELECTION OF BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | 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. |
| FORM 990, PART VI, SECTION B, LINE 12C | 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. |
| FORM 990, PART VI, SECTION B, LINE 15 | SELECTED BOARD MEMBERS 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 NOVEMBER 2022. THE SAME PROCESS IS DONE FOR THE ORGANIZATION'S OTHER OFFICERS. THIS PROCESS IS DOCUENTED AND WAS LAST DONE JUNE 2023. THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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