Ulh Inc

“The organization has no employees, thus lines 15(a) and 15(b) of part vi have been marked "no."”

“The Executive Committee consists of five individuals all of whom are Directors of ULH, Inc. The Executive Committee may have and may exercise all of the authority of the Board, but may not have the authority of the Board in reference to amending, altering, or repealing the organization's By-Laws; electing, altering or removing any member of the Executive Committee itself nor any Director or officer of the organization; amending or restating the Articles of Incorporation; adopting a plan of merger, or adopting a plan of consolidation, with another corporation; authorizing the sale, lease, exchange or mortgage of substantially all of the property and assets of the organization; authorizing the voluntary dissolution of the organization or revoking proceedings therefor; adopting a plan for the distribution of the assets of the organization or amending, altering, or repealing any resolution of the Board which by its terms provides that it shall not be amended, altered or repealed by such Committee; or doing any other act forbidden by law or by the Articles of Incorporation.”

“University of Louisville finance personnel and an outside firm prepared the return. A copy of the return was provided to the Board of Directors for review prior to filing.”

“If an item is presented to the Board of Directors (or any other policy board) for action, e.g., purchase of property, merging with another entity, buying services, etc., the Board member will disclose his or her possible conflict of interest and must recuse himself or herself from voting. The Board member also avoids participating in any decision or advocating for any decision of the Board. In some circumstances, e.g., when the conflict of the Board member places the Board member in competition with the University, the Board member will leave the board meeting during discussion or update on the action. Before any meeting of the various boards, an agenda is circulated to each member or director with descriptions of the action items. This allows sufficient time for any board member or director to alert the board about a potential conflict of interest. Past practice includes written disclosure by the board member outlining: (1) that a conflict of interest may exist; (2) the nature and extent of the conflict; and (3) the description and potential benefit, direct or indirect, to the member of the board. This information will be supplied to legal counsel and the entire board ahead of the meeting, and a copy of the information will be maintained in the board member's file.”

“The organization's financial statements, Forms 990, conflict of interest policy, joint venture policy, non-retaliation policy, document integrity policy, and whistleblower policy are available at www.louisvillefoundation.org. All governing documents are available upon request.”

“Amounts reported on Part VII and on Schedule J include compensation paid by the University of Louisville Foundation only and do not include compensation paid by the University of Louisville, which is not a controlling entity and is unrelated to the filing organization for Form 990 reporting purposes.”

“(Expenses $ 315,532 including grants of $)(Revenue $ 341,722) OPERATION OF DORM FACILITY AT BILLY MINARDI HALL”

“Dr. James r. Ramsey: contractual non-cash benefits - $233,525 annual grant - $75,000 notional interest earnings 2003-2014 - $145,487 true-up of prior year tax indemnifications - $161,679 2020 retention grant for 2012-2014 biennium - $500,000 mandated retirement account in lieu of earned bonus - $156,000 tax indemnification per contract - $867,074 total - $2,138,765 shirley c. Willihnganz: contractual non-cash benefits - $106,882 annual grant - $50,000 notional interest earnings - $181,731 2020 retention grant biennium - $300,000 tax indemnification per contract - $440,955 total - $1,079,568 kathleen m. Smith: annual grant - $12,500 notional interest earnings - $48,372 retention grant biennium - $200,000 mandated retirement account in lieu of earned bonus - $77,205 tax indemnification per contract - $292,292 total - $630,369”