Ui Labs Inc

“Board Committees: The Board shall establish an Executive Committee and an Audit Committee, and may by resolution designate one (1) or more additional Board Committees (collectively, "Board Committees"). All Board Committees shall consist of three(3) or more Committee members. The Executive Committee shall consist solely of Directors. A majority of the members of any other Board Committee shall be Directors. Board Committee members shall be appointed by, and shall serve at the pleasure of, the Board of Directors; however, all Board Committee appointments shall be reconfirmed at least annually. Either on its own initiative or upon recommendation by a Board Committee, the Board by resolution may establish a statement of purpose, duties and responsibilities for any Board Committee not inconsistent with these Bylaws. Executive Committee: The Executive Committee shall consist of the Chair and Vice-Chair of the Board, along with at least one (1) other Director. The Executive Committee shall have the authority to act on behalf of the Board in conducting the affairs of the Corporation between meetings of the Board of Directors. The Executive Committee shall provide direction, counsel and oversight to the Executive Director in the conduct of the Corporation's day-to-day activities. The Executive Committee also shall develop the Corporation's annual budget (including plans for the funding thereof), which shall be presented to the full Board for approval, and shall monitor on an ongoing basis the Corporation's financial performance relative to any such budgets so approved. Audit Committee: The Audit Committee shall oversee the quality and integrity of accounting, auditing, internal control and financial reporting practices of the Corporation. The Audit Committee also shall establish and oversee the implementation of policies and practices designed to preserve, safeguard and promote the financial viability and well-being of the Corporation and its assets.”

“The IRS Form 990 is prepared by an external public accounting firm. Internal members of finance review the draft prior to dissemination to the audit committee. The audit committee then reviews the draft, and prior to filing a draft is distributed to the full board of directors.”

“Ui labs issues to its board members, officers, management, and staff the corporation's conflict of interest policy on an annual basis. All board members, officers, management, and staff must acknowledge through signature their agreement to comply with the conflict of interest policy. All conflicts of interest disclosed will be reviewed by the chairman. If further action needs to be taken, the issue is brought before the board of directors. As ui labs engages in business transactions, if a potential conflict with a specific potential transaction appears, ui labs will call a special meeting of the board of directors where a determination will be made whether to proceed with the transaction. Any related person will not be present or participate in deliberations, discussions or vote in connection with the transaction.”

“UI LABS WORKED IN CONJUCTION WITH THE BOARD CHAIRMAN AND OUTSIDE CONSULTANTS TO SET LABOR RATES FOR KEY EMPLOYEES. THE LABOR RATES WERE SUBSEQUENTLY reported to THE Department of Defense. ANNUAL INCREASES FOR KEY EMPLOYEES as well as All salaries above $100,000 were brought to the attention of the Chairman of the Board by the Executive Director. FOR OTHER KEY POSITIONS WITHIN THE ORGANIZATION, SALARIES ARE APPROVED AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. EVERY YEAR, OR AS NEED ARISES, SURVEYS ARE DONE SO THAT SALARY BENCHMARKS CAN BE DETERMINED. WHEN MAJOR CHANGES ARE GOING TO BE MADE, THIS INFORMATION MAY BE BROUGHT TO THE APPROPRIATE BOARD COMMITEES FOR THEIR REVIEW/ APPROVAL. Compensation was not reviewed and approved by a compensation committee in 2014, however, the chairman of the board reviewed and approved the Executive Director/COO and DMDII Executive Director's compensation. UI LABS in 2015 underwent a full review by the compensation committee.”

“The organization's governing documents, conflict of interest policy and financial statements are required to be made available to the public upon request.”

“In 2014, UI Labs created two new programs: Digital Manufacturing and Design Innovation Institute (DMDII) & CitySmart. Digital Manufacturing and Design Innovation Institute (DMDII) DMDII is reinventing manufacturing for the 21st century. Through applied research and demonstration projects, training and workforce development, and education and outreach, it will infuse advanced digital technologies and big data into todays manufacturing practices to ensure America will remain on the cutting edge creating new jobs and strengthening the economy. CitySmart CitySmart will be the global hub for urban infrastructure innovation, setting the standard for the future of cities everywhere. The Lab will bring organizations together to facilitate cross-sector collaboration among companies and build on the expertise and advances from Illinois universities and national labs, with deep input and involvement from the City of Chicago. It will enable experiments at scale to develop real solutions for the marketplace, so that, if successful, they can continue and be extended to have impact in other cities. Form 990, Part VI, Line 2 The Director of Administration has a family relationship with the Chairman of the Board of Directors.”

“Prior period Adjustment - $7,849”

“Description:consulting - tele data cabling total fees:13640”

“Description:consulting - hr/recruitment total fees:66617”

“Description:consulting - communications/ma total fees:360489”

“Description:consulting - operating team total fees:657207”

“Description:payroll processing fee total fees:1124”