2015-08-10T09:50:52-05:00 2014-12-31 GRANT THORNTON LLP 175 W JACKSON BLVD STE 2000 CHICAGO IL 60604 990 2014-01-01 800926174 UI LABS % CARALYNN NOWINSKI UILA 3129273570 1415 N Cherry Avenue Suite Chicago IL 60642 Caralynn Nowinski Exec Director, COO 3129273570 2015-08-03 true Bridget T Roche P00666837 3128560200 2014 2016-04-25 22:37:26Z X Caralynn Nowinski MD 1415 N Cherry Avenue Chicago IL 60642 8896970 false X WWW.UILABS.ORG X 2013 IL UI LABS IS A RESEARCH AND COMMERCIALIZATION COLLABORATIVE, BRINGING UNIVERSITIES AND INDUSTRIES TOGETHER TO APPLY REAL SOLUTIONS TO TOMORROW'S CHALLENGES. 9 9 24 0 0 179691 8896970 0 0 0 0 0 0 179691 8896970 0 0 0 0 0 1915569 0 0 0 77184 3553141 77184 5468710 102507 3428260 102507 9319784 0 5796867 102507 3522917 X UI Labs principal purposes include the following: 1. Principally, to actively and continuously engage directly in the conduct of scientific research and technology research and technology development in conjunction with one or more academic research institutions within the meaning of 170(b)(1)(A)(iii) of the Code; 2. To promote, conduct and enhance interdisciplinary research at the intersection of computing, informational sciences, engineering, life sciences, creativity and innovation at and in conjunction with the University of Illinois and other academic research institutions; 3. To provide to the Chicagoland and Illinois community facilities, resources and educational opportunities in areas related to high performance computing and applications in advanced manufacturing, transportation, energy, health, environmental and food production, and other scientific applications as deemed fit by the Board of Directors; 4. To serve the community by fostering work for development, entrepreneur false true 3344958 0 0 The Digital Manufacturing and Design Innovation Institute (DMDII) is UI LABS first Lab. DMDII is revitalizing American manufacturing, by helping U.S. manufacturers to harness data to make their products better, faster, and more cost competitive. 623656 0 0 CitySmart, UI LABS second Lab, will develop and test urban infrastructure solutions in Chicago that will lead to real improvements in cities across the world. Its four areas of focus include energy management, physical infrastructure, water and sanitation systems, and transportation and logistics systems. 3968614 true true false false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 24 0 true 24 true true false false false true true false false false false false X 9 9 true false false false false false false true true false false true true true true true true true true false IL X X CARALYNN NOWINSKI 3129273570 1415 N CHERRY AVENUE Chicago IL 60642 Warren Holtsberg Director & Chairman 4.0 0.0 X X 0 0 0 Lawrence Schook Director 2.0 0.0 X 0 0 0 Henry S Bienen Director 2.0 0.0 X 0 0 0 Eric Isaacs Director 2.0 0.0 X 0 0 0 Douglas Oberhelman Director 2.0 0.0 X 0 0 0 Roger Plummer Director 2.0 0.0 X 0 0 0 Pamela Strobel Director 2.0 0.0 X 0 0 0 Patricia Woertz Director 2.0 0.0 X 0 0 0 Mike Zafirovski Director 2.0 0.0 X 0 0 0 Caralynn Nowinski Executive Director & COO 60.0 0.0 X 284271 0 3088 Dean Bartles DMDII Executive Director 60.0 0.0 X 231733 0 7555 Naresh Shah Senior Director of Operations 60.0 0.0 X 140922 0 28139 Imran Rahman Dir, Business & Legal Affairs 60.0 0.0 X 136667 0 498 Jacob Goodwin Dir Mmbership Eng. & Comm 60.0 0.0 X 122512 0 5295 Jenny Fisher Director of Administration 60.0 0.0 X 135883 0 4184 1051988 0 48759 6 false true false Skidmore Owings Merrill 224 South Michigan Ave 1000 CHICAGO IL 60604 Leasehold Improve. 1010767 Edwards Wildman Palmer LLP 111 SOUTH WACKER DRIVE CHICAGO IL 60606 LEGAL 503653 University of Illinois 1901 S FIRST STREET SUITE A CHAMPAIGN IL 61820 DMDII CTO 201271 Jason Bennett Harris 1469 Scott Ave WINNETKA IL 60093 Dir. of Comm. 164000 David Pope 306 S Humphrey OAK PARK IL 60302 Act CitySmart Ex Dir 150450 5 6479306 2417664 8896970 0 0 0 0 0 0 0 0 0 0 0 0 8896970 X 0 0 0 0 516004 231733 284271 0 0 0 1050582 737029 313553 0 240372 34944 205428 108611 108611 0 503473 454585 48888 152219 4000 148219 0 0 0 1099077 802724 296353 30187 24984 5203 10762 3327 7435 9506 413 9093 0 1178 551 627 238486 215012 23474 0 8831 2969 5862 0 0 4814 2290 2524 32262 32262 DMDII PROGRAM EXPENSE 1453794 1453794 MEMBERSHIP DUES 1017 1017 BOOKS,SUBSCRIPTIONS,REF. 324 259 65 . 7211 7211 5468710 3968614 1500096 0 28088 948094 0 2833511 0 0 0 2647083 0 0 0 0 0 0 0 0 0 79166 2816745 4815 0 2811930 0 0 0 0 0 0 0 0 74419 0 102507 9319784 0 3031188 0 0 0 2765679 0 0 0 0 0 0 0 0 0 0 0 0 0 5796867 X 102507 2899677 0 623240 0 0 102507 3522917 102507 9319784 X 3428260 -7850 X X false true X true true true X 0 0 0 179691 8896970 9076661 0 0 0 0 0 179691 8896970 9076661 1068467 8008194 0 0 0 0 0 0 0 9076661 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2772022 2772022 44723 4815 39908 2811930 X 8946740 49770 49770 8896970 8896970 5518480 49770 49770 5468710 5468710 Schedule D, Part X, Line 2 FIN 48 UI LABS follows Accounting Standards Codification (ASC) 740-10, which clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. UI LABS is exempt from income tax under Internal Revenue Code (IRC) Section 501(c)(3) and is only subject to tax on income unrelated to its exempt purposes, unless that income is otherwise excluded by the IRC. X X X X false false false false false false false true false Caralynn Nowinski Executive Director & COO 241771 0 42500 0 0 0 0 0 0 0 284271 0 0 0 Dean Bartles DMDII Executive Director 231733 0 0 0 0 0 0 0 0 0 231733 0 0 0 Naresh Shah Senior Director of Operations 140922 0 0 0 0 0 0 0 0 0 140922 0 0 0 Schedule J, Part I, Line 7 Non-Fixed Payments Employees at UI LABS have the opportunity to earn an annual performance bonus. This bonus is capped at 5% or 15% of their annual salary, depending on whether they are an executive or not. At the end of each year, the UI LABS CEO and Board of Directors reviews employee performance-to-goals and approves a bonus payout (up to 5% or 15%). This process was conducted in March 2015 for the 2014 time period. The Executive Director received a signing bonus in 2014, and the bonus amount exceeds the percentages listed above. This is a one-time payment, and the board reviewed prior to payment. Form 990, Part III, Line 3 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. Form 990, Part VI, Line 1a 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. Form 990, Part VI, Line 11b 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. Form 990, Part VI, Line 12c 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. Form 990, Part VI, Line 15a and 15b 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. Form 990, Part VI, Line 19 The organization's governing documents, conflict of interest policy and financial statements are required to be made available to the public upon request. Form 990, Part XI, Line 8 Prior period Adjustment - $7,849 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING - TELE DATA CABLING TOTAL FEES:13640 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING - HR/RECRUITMENT TOTAL FEES:66617 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING - COMMUNICATIONS/MA TOTAL FEES:360489 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING - OPERATING TEAM TOTAL FEES:657207 FORM 990 PART IX LINE 11G DESCRIPTION:PAYROLL PROCESSING FEE TOTAL FEES:1124