University of Florida Law Center Association Inc

“Jonathan gerber frederick hazouri trustee trustee business stephanie marchman timothy cerio trustee trustee business derek bruce william perry trustee trustee business david bowers scott hawkins trustee chair business rebecca brock betsy gallagher trustee trustee business nelly khouzam morris silberman trustee trustee business charlene honeywell marcia howard trustee trustee business”

“A detailed review will be conducted by the audit committee prior to filing with the irs.”

“In connection with any actual possible conflict of interest, such trustee must disclose the existence and nature of his or her financial interest to the executive committee of the corporation so the executive committee can consider the proposed transaction or arrangement. The executive committee shall determine if a conflict of interest exists, or, may refer the matter to the board of trustees to determine the existence of such conflict.”

“All governing documents, conflicts of interest policy, financial statements and tax returns are available to the public upon request.”

“The trustees of the association with listed average hours per week attend three to four trustee meetings each year for the association. Each meeting is on average two hours long. Therefore, these trustees spend on average less than 1 hour per week devoted to the association.”

“Part viii, line 3 investments do not have a readily determinable fair value and are presented at their net asset value. The investment return reported includes realized and unrealized income as well as current investment income. The components are not readily available and as such are reported as net unrealized gains (losses) on part xi of schedule d.”

“Additional information part i, line 1 & part iii, line 1: the general purposes and objectives of the university of florida law center association, inc. ("corporation") shall be to exclusively support the service, teaching and research mission and goals of the university of florida, all as determined by the university of florida board of trustees. In particular, the corporation's purposes and objectives shall be: (a) to promote and support legal education, the highest ideals and ethics of the legal profession, legal research, and the administration of justice; (b) to aid and assist the fredric g. Levin college of law ("college of law") university of florida, in the establishment, development and maintenance of a law center at the college of law. Part vii section a refer to schedule j, part iii for additional information regarding the defined benefit plan. Additional information form 990 line j: website the full website is www.law.ufl.edu/alumni/leadership/uflcai form 990 - subsequent event on june 6, 2019, the university of florida board of trustees elected to decertify the association as a direct support organization, effective june 30, 2019. As a result, the association is no longer recognized as an official entity of the university, effective july 1, 2019. On july 1, 2019 the associations endowed assets, totaling 5,099,046, were transferred to the foundation. On october 31, 2019, the association transferred additional unrestricted assets, totaling 120,929 to the foundation and restricted assets, totaling 230,321 to the university. The associations decertification as a direct support organization resulted in changes to the bylaws of the association that were approved at the may 2020 meeting.”

“Increase in net assets for bad debt expense for uncollectible pledges 22,316.”

“Revenues reported net of bad debt expense -22,316”