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        <ExplanationTxt>EDUCATIONAL CONVENTION WAS HELD THIS YEAR. THERE WAS ALSO A GRANT RESEARCH INITIATIVE AND EDUCATIONAL WEBINARS AND RECORDINGS WERE TRANSFERRED INTO THE FOUNDATION'S NEW LEARNING CENTER.</ExplanationTxt>
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        <ExplanationTxt>THE FOUNDATION USES A MANAGEMENT COMPANY TO PROVIDE CERTAIN MANAGEMENT, ACCOUNTING AND GENERAL ADMINISTRATIVE SERVICES. RICHARD BRIGHT IS THE OWNER OF BRIGHT CONCEPTS, INC. WHICH PROVIDES THE MANAGEMENT SERVICES TO THE FOUNDATION AND THE FOUNDATION'S RELATED PARTY, AMERICAN SUBCONTRACTORS ASSOCIATION. PAYMENTS TOTALED $85,589 ON AMERICAN SUBCONTRACTORS ASSOCIATION'S BOOKS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A WORKING GROUP OF THE FINANCE COMMITTEE, COMPRISED OF AT LEAST TWO MEMBERS OF THE COMMITTEE AND THE DESIGNATED DIRECTOR, SHALL REVIEW THE FOUNDATION'S FORM 990 AND SCHEDULES, PRIOR TO IT BEING FILED WITH THE IRS. SUBSEQUENT TO THE FILING, THE COPY OF THE FILED FORM AND SCHEDULES ARE DISTRIBUTED TO THE BOARD OF DIRECTORS AND THE FINANCE COMMITTEE.</ExplanationTxt>
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        <ExplanationTxt>IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST AT THE EXECUTIVE BOARD LEVEL, THE CONFLICT OF INTEREST POLICY REQUIRES THE INTERESTED BOARD MEMBER TO CALL TO THE ATTENTION OF THE BOARD OF DIRECTORS, OR ANY RELEVANT COMMITTEE, AND SUCH PERSON IS NOT TO VOTE ON THE MATTER. IF APPROPRIATE, SUCH DIRECTOR IS REQUIRED ALSO TO EXCUSE HIM/HERSELF FROM THE DISCUSSION OF THE MATTER. AT THE STAFF LEVEL, THE POLICY REQUIRES THAT STAFF MEMBERS DISCUSS ANY SITUATIONS WHICH GIVE RISE TO A POTENTIAL CONFLICT OF INTEREST WITH THE CHIEF OPERATING OFFICER, WHO IS RESPONSIBLE TO DISCUSS ANY POTENTIAL CONFLICT OF INTEREST WITH THE BOARD. THE FOUNDATION'S DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS EACH YEAR, AS PART OF THE BOARD'S ANNUAL ORIENTATION.</ExplanationTxt>
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        <ExplanationTxt>THE FOUNDATION MAKES THE FOUNDATION'S FORM 990, FORM 1024 AND TAX EXEMPTION LETTER AVAILABLE TO THE PUBLIC, UPON REQUEST, AS REQUIRED BY LAW. THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND CODE OF CONDUCT ARE MADE AVAILABLE TO THE PUBLIC ON THE WEBSITE.</ExplanationTxt>
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        <ExplanationTxt>PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 250,822. MANAGEMENT AND GENERAL EXPENSES 17,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 268,322.</ExplanationTxt>
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