2023-05-15T15:31:44+00:00 2022-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2021-07-01 611029626 University of Louisville Research Foundation UNIV 5028526164 2215 S Brook Street Louisville KY 402082772 DANIEL A DURBIN VICE PRESIDENT 2023-05-15 true Daniel A Durbin 999009999 Rachel Spurlock P00520729 5023263996 2021 2023-04-26 12:10:37Z Kim E Schatzel PhD 2215 S Brook Street Louisville KY 402082772 676863818 false X N/A X 1984 KY The University of Louisville Research Foundation is organized for the purpose of promoting and supporting research projects, investigations, clinical services, and other activities relating to the missions of the University of Louisville. 13 10 0 12 0 0 218833551 260399561 378744896 405205756 -13399 29504 809059 9721643 598374107 675356464 57889920 72082550 0 0 0 0 483094824 559559835 540984744 631642385 57389363 43714079 226534794 946253585 68912142 737973402 157622652 208280183 X The University of Louisville Research Foundation is organized for the purpose of promoting and supporting research projects, investigations, clinical services, and other activities relating to the missions of the University of Louisville. false false 316072622 111324 398453960 The University of Louisville Research Foundation houses financial activity related to services provided by the UofL Health Sciences Center and over 1,100 physician faculty within the University's School of Medicine. The faculty at the School of Medicine staff 250 clinics over a multi-state region and provided the following services during the fiscal year: - Added 70 new providers and 5 new locations to serve the local community and the Commonwealth; - Treatment provided in over 950,000 separate patient visits; - Added more than 90,000 new patients to the UofL Health System; and - Added regional partnerships with Carroll County Memorial Hospital and Taylor County Regional Hospital to provide clinical services. 194884030 0 5993142 The University of Louisville Research Foundation (ULRF) secured more than $153 million to support groundbreaking research in the 2021-2022 fiscal year. The organization received 844 awards for $153.8 million, which included $87.9 million from the federal government, $28.3 million from flow-through funds, $10.8 million from industry, $11.7 million from foundations, and $13.2 million from the Commonwealth of Kentucky. The funding supported both basic and applied research and work to advance understanding and education in health, engineering and more. Thanks to contributions from Humana, the Health Equity Innovation Hub was launched this fiscal year focusing on advancing health equity and improving health outcomes for marginalized populations in Louisville and communities around the world. Also, organizational funding helped implement the Christina Lee Brown Envirome Institute - New Vision of Health Campus, where study will focus on health as a shared community resource, incorporating environmental and cultural factors. Not only does ULRF excel at groundbreaking research, but also at the translation of that research into marketable commercial technologies with real-world impact. The University of Louisville is the only university in the country to be awarded a prestigious suite of commercialization grants, dubbed the 'superfecta': the Coulter Translational Partnership award, NSF I Corps Site program, the NIH Reach Hub, and the NSF AWARE: ACCESS award. These programs help get our innovative technologies to market, improving the way we work and live, such as our work to monitor employee engagement or the pioneering research in spinal cord injury that could help the paralyzed walk again. Our work also furthers economic priorities - for example, our Louisville Entrepreneurship Acceleration Programs support the local innovation economy and providing economic opportunity for the region. In this fiscal year, the organization also became a partner in the NSF Mid-South Innovation Corps (I-Corps) Hub, one of only 10 across the United States and part of the operational backbone of the NSF's National Innovation Network, which helps translate academic research for the marketplace. The Hubs are charged with providing experiential entrepreneurship training to researchers across all fields of science and engineering while working to build diverse and inclusive regional innovation ecosystems. The organization acquired funding for many new projects during the fiscal year, including: - Upgrading Infectious Disease Research Facilities at the University of Louisville; - Chromosome instability implications in metal-induced lung cancer; - Utility of Genomic Sequencing in Community Care Contexts; - 3D Bioprinting of Dual-Delivery Scaffolds for Bacterial Vaginosis; - Behavioral Health Workforce Education and Training Program & Behavioral Health Workforce Enhancement Program; - Systematic identification of cardiotoxic e-cigarette flavorants; - National Cybersecurity Teaching Academy 71971226 71971226 0 The University of Louisville Research Foundation provides funding for student scholarships at the University of Louisville. During the fiscal year, the organization provided almost $72 million in funds to over 19,000 students attending the University. 41728502 0 9571992 The University of Louisville Research Foundation provides multiple opportunities for conferences, training, and continuing education activities for medical and other professionals established in their fields. 41728502 9571992 624656380 true true false true false false false false false true false false true true false true true false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true X 366 0 true 0 false false false false false false false false false false false false X 13 10 false false false false false false false true true false false true true true true true true false false false KY X Beverly G Santamouris 5028526164 Controllers Office Univ of Louisv Louisville KY 40292 Diane B Medley Treasurer 0.5 0 X X 0 0 0 Diane Porter Vice Chair 0.5 0 X X 0 0 0 James M Rogers Chair 0.5 0.5 X X 0 0 0 John E Chilton Secretary to 1/14/22 0.5 0 X X 0 0 0 Alfonso Cornish Director 0.5 0 X 0 0 0 David Schultz Director 0.5 49.5 X 0 105338 28703 Dr Raymond Burse Director 0.5 0 X 0 0 0 Jerry Abramson Director from 8/1/21 0.5 0 X 0 0 0 John D Smith Director 0.5 49.5 X 0 68374 21268 Laurence Benz Director from 1/14/22 0.5 0.5 X 0 0 0 Mary R Nixon Director 0.5 0 X 0 0 0 Matthew Barzun Director to 8/1/21 0.5 0 X 0 0 0 Scott W Brinkman Director 0.5 0 X 0 0 0 Sherrill Zimmerman Director 0.5 0.5 X 0 0 0 Ugonna Okorie Director 0.5 10.5 X 0 9218 0 Daniel A Durbin Vice President 0.5 49.5 X 0 419535 50282 Dr Neeli Bendapudi President to 1/1/22 0.5 49.5 X 0 1019261 48884 Dr Thomas Gerard Bradley Vice President from 1/1/22 0.5 49.5 X 0 426957 51545 Kevin H Gardner PhD Vice President 0.5 49.5 X 0 306218 41190 Kyle J Beamer Assistant Secretary 0.5 49.5 X 0 80583 20840 Lori Gonzalez PhD Vice Pres to 1/1/22; Pres from 1/1/22 0.5 49.5 X 0 371706 40259 Dr Beth Boehm Former Vice President 50.0 X 0 323302 43156 Prof Enid Trucios-Haynes Former Treasurer 50.0 X 0 168471 39907 0 3298963 386034 0 true true false UNIVERSITY OF LOUISVILLE PHYSICIANS 300 EAST MARKET STREET LOUISVILLE KY 40202 MEDICAL/HEALTHCARE 8023501 UNIV OF KENTUCKY RESEARCH FDN 301 PETERSON SVC BLDG LEXINGTON KY 40506 RESEARCH SERVICES 1400886 Axxis Inc 845 S 9th Street Louisville KY 40203 Event services 1256237 SRI International 333 Ravenswood Ave Menlo Park CA 94025 Research services 1171975 Westat Inc 1600 Research Blvd Rockville MD 20850 Research services 1161502 83 198908428 61491133 260399561 Clinical Services 541700 398453960 398453960 Other Research Projects and Services 541700 5993142 5993142 Conferences and training 541700 758654 758654 0 0 0 0 405205756 29504 29504 779235 779235 129070 129070 0 129070 129070 0 0 1346919 1507354 -160435 -160435 Lease Accounting 900099 8973773 8973773 0 0 0 0 8973773 675356464 414019094 0 937809 X 111324 111324 71971226 71971226 1164505 1014313 150192 22855 22855 135000 135000 421613695 415733512 5880183 0 1093350 1053562 39788 1672899 1649207 23692 8680220 8315547 364673 241930 241930 2919368 2676189 243179 2437317 2419703 17614 4702766 4674391 28375 129968 129968 9043111 9043111 824347 824347 F&A services and other transfers 76265935 76265935 Laboratory Supplies and Expenses 22028885 21954523 74362 Small Equipment Purchases and Rentals 347354 303356 43998 Licenses, Permits, and Fees 1867288 1855986 11302 4369042 4260395 108647 0 631642385 624656380 6986005 0 9055 9899 67655672 70435526 0 0 0 0 103454548 164216557 544034 464752 176046484 124571544 54192756 51474940 0 0 678729 659651911 226534794 946253585 26118419 29816743 7081044 3039532 0 0 35712679 705117127 68912142 737973402 157622652 208280183 157622652 208280183 226534794 946253585 43714079 6943452 0 X false true X true true true X 172310875 181336238 192756221 218833551 260399561 1025636446 0 0 172310875 181336238 192756221 218833551 260399561 1025636446 0 1025636446 2967651 647504 511373 831817 937809 5896154 0 0 0 0 0 0 0 0 0 0 0 0 1031532600 1642743072 0.9943 0.9945 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 135000 false false 135000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University of Louisville contracted with Akin Gump Strauss Hauer & Feld LLP during the year to lobby on behalf of the Research Foundation's research activities. 351695 351695 71001822 34028317 36973505 818024 749015 69009 101904941 89510888 12394053 1970002 283324 1686678 51474940 Deposits and Advances 1444191 Right to Use Assets 5034958 Longterm Lease Receivable 653172762 659651911 Allocated Post Employment Benefits 32608308 Other Long Term Liabilities 7734 Due to University of Louisville 15625505 Longterm Lease Payable 656875580 705117127 675281121 -235778 -235778 675516899 -160435 -160435 675356464 631567042 160435 160435 631406607 235778 235778 631642385 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Reclass nonoperating expenses from revenue - -235778 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Reclass loss on sale of inventory - -160435 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Reclass loss on sale of inventory - 160435 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Reclass nonoperating expenses from revenue - 235778 true Clinical Research Foundation 800 Zorn Ave Louisville KY 40206 611144514 501(c)(3) 100000 Research Support 1 0 SCHOLARSHIPS, FELLOWSHIPS FINANCIAL AID, AWARDS 19592 71971226 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The recipients of scholarships, fellowships, aid, and awards are selected based on University of Louisville departmental criteria. The organization serves primarily as a funding source for any scholarships awarded by the University. false false false false false false false false Prof Enid Trucios-Haynes Former Treasurer 0 166283 0 1000 0 1188 0 15539 0 24368 0 208378 0 0 Dr Beth Boehm Former Vice President 0 321114 0 1000 0 1188 0 28498 0 14658 0 366458 0 0 Daniel A Durbin Vice President 0 417761 0 1000 0 774 0 29000 0 21282 0 469817 0 0 Dr Neeli Bendapudi President to 1/1/22 0 951265 0 1000 0 66996 0 29000 0 19884 0 1068145 0 0 Dr Thomas Gerard Bradley Vice President from 1/1/22 0 425183 0 1000 0 774 0 29000 0 22545 0 478502 0 0 Kevin H Gardner PhD Vice President 0 304804 0 1000 0 414 0 27450 0 13740 0 347408 0 0 Lori Gonzalez PhD Vice Pres to 1/1/22; Pres from 1/1/22 0 352358 0 0 0 19348 0 29000 0 11259 0 411965 0 0 Form 990, Part III, Line 4d Description of other program services (Expenses $ 41,728,502 including grants of $ 0)(Revenue $ 9,571,992) The University of Louisville Research Foundation provides multiple opportunities for conferences, training, and continuing education activities for medical and other professionals established in their fields. Form 990, Part V, Line 1a FORM 1096 THE ORGANIZATION'S FORMS 1099 ARE FILED BY ITS COMMON PAY AGENT, THE UNIVERSITY OF LOUISVILLE. Form 990, Part V, Line 2a FORMS W-2 THE ORGANIZATION HAS NO EMPLOYEES. Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION HAS NO EMPLOYEES, THUS LINES 15(A) AND 15(B) OF PART VI HAVE BEEN MARKED "NO." Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee consists of the Chairman, Vice Chairman, Secretary, and Treasurer of the Board of Directors. The Committee acts for the Board of Directors in the interim between meetings of the Board, and with respect to the acceptance, administration and accounting for grants and contracts it is not required that actions of the Executive Committee be ratified by the Board. Except as stated above, the delegation of power and authority when given by the Board of Directors to the Executive Committee shall be complete, subject only to the limitations imposed by the Kentucky Revised Statues. Powers of the Committee shall not extend to amending, altering or repealing the bylaws; electing, appointing or removing any member of any such committee or any director or officer of the corporation; amending the articles of incorporation, restating articles of incorporation adopting a plan or merger or adopting a plan of consolidation with another corporation; authorizing the sale, lease, exchange or mortgage of all or substantially all of the property and assets of the corporation; authorizing the voluntary dissolution of the corporation or revoking proceedings therefor; adopting a plan for the distribution of the assets of the corporation; or amending, altering or repealing any resolution of the board of directors which by its terms provides that it shall not be amended, altered or repealed by such committee. Form 990, Part VI, Line 11b Review of form 990 by governing body University of Louisville finance personnel and an outside firm prepared the return. A copy of the return was provided to all board members for review prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy Conflicts of interest are required to be completed on an annual basis by all officers and board members. If an item is presented to the Board of Directors (or any other policy board) for action, e.g., purchase of property, merging with another entity, buying services, etc., the Board member will disclose his or her possible conflict of interest and must recuse himself or herself from voting. The Board member also avoids participating in any decision or advocating for any decision of the Board. In some circumstances, e.g., when the conflict of the Board member places the Board member in competition with the University, the Board member will leave the board meeting during discussion or update on the action. Before any meeting of the various boards, an agenda is circulated to each member or director with descriptions of the action items. This allows sufficient time for any board member or director to alert the board about a potential conflict of interest. Past practice includes written disclosure by the board member outlining: (1) that a conflict of interest may exist; (2) the nature and extent of the conflict; and (3) the description and potential benefit, direct or indirect, to the member of the board. This information will be supplied to legal counsel and the entire board ahead of the meeting, and a copy of the information will be maintained in the board member's file. Form 990, Part VI, Line 19 Required documents available to the public As a matter of practice, the organization adheres to the conflict of interest policy, non-retaliation policy, and document integrity policy of the University of Louisville. Copies of these policies are available at louisville.edu or upon request. Copies of the organization's audited financial statements are also available at louisville.edu. Form 990, Part IX, Line 11g Other Fees University of Louisville Salary and Benefit Allocations - Total Expense: XXX-XX-XXXX, Program Service Expense: XXX-XX-XXXX, Management and General Expenses: 4950619, Fundraising Expenses: ; Research Subcontracting - Total Expense: 16368209, Program Service Expense: 16368209, Management and General Expenses: , Fundraising Expenses: ; Medical Subcontracting - Total Expense: XXX-XX-XXXX, Program Service Expense: XXX-XX-XXXX, Management and General Expenses: , Fundraising Expenses: ; Other consulting and services - Total Expense: 2624785, Program Service Expense: 1695221, Management and General Expenses: 929564, Fundraising Expenses: ; Form 990, Part XI, Line 8 PRIOR PERIOD ADJUSTMENTS The organization's Statement of Net Position as of June 30, 2021, was restated to reflect the asset, liability, deferred inflows and unrestricted net position balances as stated with the effect of the adoption of GASB Statement No. 87, Leases. As such, beginning net position was increased $6.9 million in unrestricted activities for the net effect of activities prior to July 1, 2020. UNIVERSITY OF LOUISVILLE UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611014882 EDUCATION KY NA false UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 311106941 EDUCATION KY 501(c)(3) 11 UNIVERSITY OF LOUISVILLE false UNIVERSITY PHYSICIANS GROUP INC 323 EAST CHESTNUT STREET LOUISVILLE KY 402021823 611346817 MEDICAL CARE KY 501(c)(3) 3 UNIVERSITY OF LOUISVILLE false UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL PRACTICE ASSOC 550 SOUTH JACKSON STREET LOUISVILLE KY 40202 611250153 MEDICAL CARE KY 501(c)(3) 7 UNIVERSITY OF LOUISVILLE false UNIVERSITY MEDICAL CENTER INC 250 E LIBERTY ST 500 LOUISVILLE KY 40202 611293786 MEDICAL CARE KY 501(c)(3) 3 UNIVERSITY OF LOUISVILLE false false false false false false false false false false false true false false true true true false false false