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For the years ended December 31, 2024 and 2023, there were no interest or penalties recorded or included in the consolidated financial statements. 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The trustee of URP is also the president and chief executive officer of MGE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE ASSISTANT SECRETARY/TREASURER OF THE BOARD OF THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST FORM ANNUALLY. THE BOARD OF TRUSTEES AUTHORIZED AND OVERSEES THE ANNUAL REVIEW AND ADMINISTRATION OF THE POLICY. THE BOARD DETERMINES IF A CONFLICT OF INTEREST EXISTS. THE BOARD FOLLOWS THE PROCEDURES SET FORTH IN THE POLICY TO DETERMINE WHAT MEASURES ARE NEEDED BASED ON THE NATURE AND SERIOUSNESS OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTOR'S COMPENSATION IS DETERMINED BY THE CHANCELLOR OF UNIVERSITY OF UNIVERSITY OF WISCONSIN (UW)-MADISON BASED ON THE UW-MADISON GUIDELINES. FORM 990, PART VI, SECTION B, LINE 15B THE OTHER OFFICERS AND KEY EMPLOYEE'S COMPENSATION IS DETERMINED BY THE DIRECTOR AND IS ALSO BASED ON UW-MADISON GUIDELINES. THESE GUIDELINES INCLUDE PERIODIC MARKET COMPENSATION RESEARCH FOR COMPARISON PURPOSE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A EVERYONE WHO WORKS AT THE UNIVERSITY RESEARCH PARK IS AN EMPLOYEE OF UW-MADISON, WHICH IS THE SUPPORTED ORGANIZATION. 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