University of Nevada Las Vegas Foundation

“The executive committee is established to supervise and manage the operations and affairs of the corporation. Except to the extent limited by resolution of the board of trustees, the board of trustees delegates to the executive committee all of the power of the board of trustees whenever the board of trustees is not in session. All actions taken by the executive committee within the scope of its authority shall be valid and binding upon the corporation for all purposes.”

“Joyce mack and marilynn mack -business and family relationship joyce mack, marilynn mack, and tom thomas -business relationship corolyn sparks and greg mckinley -business relationship”

“The nevada system of higher education's (nshe) board of regents: article vii- the members of the board of regents of the university of nevada (sic - the system of higher education) during the term of their office as members of the board of regents of that institution, shall constitute the membership of the corporation. The corporation shall have no capital stock.”

“The committee on trustees of the unlv foundation meets and recommends new trustees. The full unlv foundation board of trustees meet and vote on the approval of adding those members. It is then taken to the board of regents of nshe annually for their approval.”

“The nshe board of regents has the authority to approve or ratify decisions of the unlv foundation board of trustees.”

“Unlv foundation has determined that schedule b, which lists information concerning certain donations made to the foundation during the year, would not be made available to the entire board of trustees. This decision was made primarily for confidentiality reasons and to protect listed donor's personal information (in accordance with nevada revised statutes). Therefore, based on irs instructions, the unlv foundation answered "no" to the question. In addition to the above reason, irs guidance also indicates that posting a copy of the form 990 on a central website for members of its governing body, which is the unlv foundation's practice, requires an answer of "no" to this question.”

“Annually, the full board of trustees is required to complete the unlv foundation conflict of interest form. The president, corporate secretary/director of board relations and the cfo review the forms for any conflicts. As they participate in every board and/or committee meeting, those conflicts are reported to the board and/or committee if there is a conflict related to the voting matter on the table.”

“The nshe board of regents periodically updates salary ranges for professional employees. Ranges are adjusted based on a review of salaries at other institutions of higher learning. Additionally, ranges also are updated to reflect cost-of-living increases when given by the nevada legislature and approved by the nshe board of regents. Nshe, the parent organization of unlv, develops the executive salary schedule, which is based on the 75th percentile of salaries of principal land grant institutions for each position as reported in the cupa-hr survey. The executive salary schedule is approved by the board of regents. The board of regents handbook has specific guidance regarding executive pay.”

“The unlv foundation makes its governing documents and conflict of interest policy available to the public upon request, and financial statements available on the organization's website.”

“Unlv acts as common paymaster for itself and the unlv foundation. See treas. Reg. Section 31.3121(s)-1(b)(2). Consistent with form 990 instructions, compensation reported on schedule j for the presidents of unlv and unlv foundation reflect amounts attributable to the unlv foundation under this common paymaster arrangement. Each of these officers is a w-2 employee of unlv and receives a single paycheck from unlv. However, wages, benefits, and related taxes are allocated between the two organizations based on time dedicated to each. Notes to their compensation packages are available in schedule j. Compensation reported on schedule j as well as compensation for shared employees is reported similarly.”

“Organization's mission, continued the unlv foundation raises and manages private funds for the benefit of the university.”

“Organization's mission, continued for long-term financial stability of the foundation and the future growth and enhancement of the university of nevada, las vegas. The foundation, through its board of trustees, also strives to be principal community ambassadors and advocates in its efforts to advance the university.”

“Unlv foundation staff are all employees of the state of nevada, reported through the university of nevada las vegas. The foundation funds these salaries in part through foundation activities, the remainder of which are covered by the state of nevada.”