2022-05-11T13:12:13-05:00 2021-06-30 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE RD STE 1100 LOUISVILLE KY 402225187 990 2020-07-01 472373203 UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC UNIV 5022128200 215 CENTRAL AVE NO 212 LOUISVILLE KY 40208 KEITH SHERMAN EXECUTIVE DIRECTOR & COO 5022128200 2022-05-10 1 KEITH SHERMAN 999009999 CHRISTINE N KOENIG P01022180 5024269660 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEITH SHERMAN 215 CENTRAL AVE NO 212 LOUISVILLE KY 40208 21076246 0 X N/A X 2014 KY TO ACQUIRE, MAINTAIN, IMPROVE, LEVERAGE, MANAGE, LEASE, AND CONVEY PROPERTY (SEE SCHEDULE O) FOR THE BENEFIT OF THE UNIVERSITY OF LOUISVILLE. 11 10 0 12 8367 0 0 5088100 14451184 13619655 969449 219598 14334 1843481 15434967 20770834 1220499 1188662 0 0 0 0 0 0 0 14359550 15783859 15580049 16972521 -145082 3798313 160434902 156388720 83495048 75692805 76939854 80695915 TO ACQUIRE, MAINTAIN, IMPROVE, LEVERAGE, MANAGE, LEASE, AND CONVEY REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF LOUISVILLE. 0 0 16557806 1188662 15454769 THE REAL ESTATE ASSETS HELD BY THE FOUNDATION ARE USED BY, OR FOR THE BENEFIT OF, THE UNIVERSITY OF LOUISVILLE. 16557806 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 9 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 0 KY X X KEITH SHERMAN 5022128200 215 CENTRAL AVE SUITE 212 LOUISVILLE KY 40208 NEELI BENDAPUDI DIRECTOR 0.50 0.50 X 0 736875 47756 PAUL CARRICO DIRECTOR 0.50 0.50 X 0 0 0 JILL FORCE DIRECTOR 0.50 0.50 X 0 0 0 STEVE GAULT VICE CHAIR 1.00 0.50 X X 0 0 0 MARIAH GRATZ DIRECTOR 0.50 0.50 X 0 0 0 CRAIG HAWLEY SECRETARY & TREASURER 1.00 0.50 X X 0 0 0 DERRICK LITTLEJOHN DIRECTOR 0.50 0.50 X 0 0 0 KEN PAYNE CHAIR 1.00 1.00 X X 0 0 0 EARL REED DIRECTOR 0.50 0.50 X 0 0 0 SANDY METTS SNOWDEN DIRECTOR 0.50 0.50 X 0 0 0 POWELL SPEARS DIRECTOR 0.50 0.50 X 0 0 0 KEITH SHERMAN EXECUTIVE DIRECTOR & COO 27.50 1.00 X 0 0 0 ROBERT KOETTER DIRECTOR (PREVIOUS) 0.50 0.50 X 0 0 0 0 736875 47756 0 0 1 0 EXTREME PROPERTY MANAGEMENT LLC 6300 POPLAR TREE CT LOUISVILLE KY 40228 CONSTRUCTION SERVICES 907168 ROWAN DOWNSTREAM LLC 1122 ROGERS ST LOUISVILLE KY 40204 PROPERTY MANAGEMENT 489872 NTS MANAGEMENT COMPANY 500 N HURSTBOURNE PWKY STE 400 LOUISVILLE KY 40222 PROPERTY MANAGEMENT 349404 APOGEE TELECOM INC 1905 KRAMER LANE STE A100 AUSTIN TX 78705 IT SERVICES 308400 FIRST CLASS COMMERCIAL CLEANING 10001 TAYLORSVILLE RD LOUISVILLE KY 40299 CLEANING SERVICES 280197 10 5088100 5088100 RENTAL INCOME 531390 13619655 13611288 8367 13619655 525010 525010 305412 -305412 -305412 -305412 INSURANCE RECOVERIES 900099 1837652 1837652 MISCELLANEOUS 900099 5829 5829 1843481 20770834 15454769 8367 219598 X 1188662 1188662 50405 50405 203000 203000 2117822 1956512 161310 27821 27821 112619 112619 44984 44984 5259833 5259833 91977 91977 25 25 2517215 2517215 4602601 4602601 310948 310948 PROCESSING FEES 329267 329267 BAD DEBT 115342 115342 16972521 16557806 414715 0 3236269 4471350 796752 938609 1265812 1233171 159585786 18976518 145294095 140609268 70671 7450834 6949582 2320469 2186740 160434902 156388720 877838 870459 6535 288995 450490 60806828 58952087 20434852 15419769 1080000 0 83495048 75692805 X 76939854 80695915 76939854 80695915 160434902 156388720 3798313 -42252 0 X X 0 1 X 1 0 X X X 1 UNIVERSITY OF LOUISVILLE 611014882 6 1 0 674398 1 0 674398 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 X SCHEDULE A, PART I, LINE 12G(VI) THE FOUNDATION ALLOWS THE UNIVERSITY OF LOUISVILLE TO USE CERTAIN PROPERTIES ON A RENT-FREE OR REDUCED RENT BASIS. THE FOUNDATION HAS DETERMINED THAT THE FAIR VALUE OF THOSE RENTS WAS $674,398. SCHEDULE A, PART IV, SECTION A, LINE 6 THE FOUNDATION PROVIDED SUPPORT TO A RELATED ORGANIZATION, SEE SCHEDULE I OF THIS FORM 990. SCHEDULE A, PART IV, SECTION D, LINE 2 THE PRESIDENT OF THE UNIVERSITY OF LOUISVILLE, THE SUPPORTED ORGANIZATION, IS A MEMBER OF THE BOARD OF DIRECTORS OF THE FOUNDATION. THE EXECUTIVE DIRECTOR AND COO OF THE FOUNDATION MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE UNIVERSITY OF LOUISVILLE. SCHEDULE A, PART IV, SECTION E, LINE 1C THE FOUNDATION ACQUIRED, MAINTAINED, IMPROVED, LEVERAGED, MANAGED, LEASED, AND CONVEYED REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF LOUISVILLE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49642243 49642243 106346970 17389075 88957895 3596573 1587443 2009130 140609268 X PART X, LINE 2: ULREF COMPLETED AN ANALYSIS OF ITS TAX POSITIONS IN ACCORDANCE WITH APPLICABLE ACCOUNTING GUIDANCE AND DETERMINED THERE ARE NO AMOUNTS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2021 OR 2020. 1 UNIVERSITY OF LOUISVILLE 2301 S 3RD ST LOUISVILLE KY 40208 611014882 SECTION 115 674398 FMV RENT-FREE OR REDUCED RENT USE OF PROPERTY SUPPORTED ORGANIZATION LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION 215 CENTRAL AVENUE SUITE 212 LOUISVILLE KY 40208 611320759 501(C)(3) 514264 GENERAL SUPPORT 1 1 PART I, LINE 2: THE FOUNDATION GRANTS RENT-FREE OR REDUCED RENT OF PROPERTIES TO THE UNIVERSITY OF LOUISVILLE. THE FOUNDATION MAY ALSO PROVIDE GENERAL SUPPORT TO RELATED ORGANIZATIONS. 0 0 0 0 0 0 0 0 0 NEELI BENDAPUDI DIRECTOR 0 669879 0 0 0 66996 0 28500 0 19256 0 784631 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT PAY THE COMPENSATION OF ITS TOP MANAGEMENT OFFICIAL, THE EXECUTIVE DIRECTOR & CHIEF OPERATING OFFICER. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS FIRST REVIEWED BY UNIVERSITY OF LOUISVILLE FOUNDATION, INC. STAFF INCLUDING THE INVESTMENT AND TAX REPORTING MANAGER, CONTROLLER, AND EXECUTIVE DIRECTOR & CHIEF OPERATING OFFICER. THE RETURN IS REVIEWED BY THE FOUNDATION'S LEGAL COUNSEL. THE FULL BOARD OF DIRECTORS, INCLUDING THE CHAIR OF THE AUDIT COMMITTEE, RECEIVED THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BEFORE ANY MEETING OF THE BOARD OF DIRECTORS (OR A COMMITTEE OF THE BOARD), AN AGENDA IS CIRCULATED TO EACH MEMBER WITH DESCRIPTIONS OF THE ACTION ITEMS. THIS ALLOWS SUFFICIENT TIME FOR ANY BOARD MEMBER TO ALERT THE BOARD ABOUT A POTENTIAL CONFLICT OF INTEREST. FURTHER, AT THE BEGINNING OF BOARD AND COMMITTEE MEETINGS, THE FOLLOWING IS READ: DOES ANY MEMBER HAVE A CONFLICT OF INTEREST OR APPEARANCE OF ONE WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD/COMMITTEE TODAY? WHEN AN ITEM IS PRESENTED TO THE BOARD OF DIRECTORS (OR A COMMITTEE OF THE BOARD) FOR ACTION, 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, SUCH AS 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. A CONFLICT OF INTEREST QUESTIONNAIRE IS GIVEN ANNUALLY TO ALL BOARD MEMBERS AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE THE EXECUTIVE DIRECTOR & CHIEF OPERATING OFFICER. THE EXECUTIVE DIRECTOR & CHIEF OPERATING OFFICER IS COMPENSATED BY THE UNIVERSITY OF LOUISVILLE FOUNDATION, INC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. THE 990 IS ALSO AVAILABLE ON THE UNIVERSITY OF LOUISVILLE FOUNDATION WEBSITE. FORM 990, PART VI, SECTION B, LINE 16B THE ORGANIZATION'S PRACTICE IS TO OBTAIN BOARD APPROVAL PRIOR TO ENTERING INTO A JOINT VENTURE. FORM 990, PART IX, LINE 11G SERVICE AGREEMENT: PROGRAM SERVICE EXPENSES 1,450,505. MANAGEMENT AND GENERAL EXPENSES 161,310. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,611,815. PROPERTY MANAGEMENT: PROGRAM SERVICE EXPENSES 340,439. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 340,439. OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 165,568. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 165,568. FORM 990, PART XII, LINE 2C AN AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS OF UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION, INC. AND AFFILIATES IS PERFORMED BY AN INDEPENDENT FIRM. THE AUDIT IS APPROVED BY THE ORGANIZATION'S AUDIT, COMPLIANCE AND RISK MANAGEMENT COMMITTEE. CARDINAL STATION LLC 215 CENTRAL AVENUE SUITE 212 LOUISVILLE KY 40208 263061274 REAL ESTATE KY 1186182 10575618 UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC NUCLEUS KENTUCKY'S LIFE SCIENCES AND INNOVATION CENTER LLC 215 CENTRAL AVENUE STE 212 LOUISVILLE KY 40208 263416972 REAL ESTATE KY 0 0 UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC KYT-LOUISVILLE LLC 215 CENTRAL AVENUE SUITE 212 LOUISVILLE KY 40208 264771902 REAL ESTATE KY 2848641 13348893 UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC COMMUNITY PARK LLC 215 CENTRAL AVENUE SUITE 212 LOUISVILLE KY 40208 320519828 REAL ESTATE KY 3841159 15655378 UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC KURZ HALL LLC 215 CENTRAL AVENUE SUITE 212 LOUISVILLE KY 40208 611817917 REAL ESTATE KY 2652638 15795561 UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC JOHNSON HALL LLC 215 CENTRAL AVENUE SUITE 212 LOUISVILLE KY 40208 384028321 REAL ESTATE KY 3772923 27874710 UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC 220 SOUTH PRESTON LLC 215 CENTRAL AVENUE STE 212 LOUISVILLE KY 40208 472248637 REAL ESTATE KY 642988 14457216 UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION 215 CENTRAL AVENUE SUITE 212 LOUISVILLE KY 40208 611320759 MEDICAL DEVELOPMENT FINANCING KY 501(C)(3) LINE 7 UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC 1 UNIVERSITY OF LOUISVILLE 2301 S 3RD ST LOUISVILLE KY 40208 611014882 EDUCATION KY SECTION 115 LINE 6 N/A 0 CAMPUS THREE LLC 500 N HURSTBOURNE PKWY SUITE 400 LOUISVILLE KY 40222 455325240 REAL ESTATE KY UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION UNRELATED -999359 8461050 0 -999359 0 0.51000 CAMPUS TWO LLC 500 N HURSTBOURNE PKWY SUITE 400 LOUISVILLE KY 40222 455319715 REAL ESTATE KY UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION UNRELATED 332949 6671801 0 332949 0 0.51000 MEDCENTER PARKING LLC 4010 DUPONT CIRCLE STE 700 LOUISVILLE KY 40207 611400707 REAL ESTATE KY N/A UNRELATED 353495 0 0 0.50000 0 1 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 CAMPUS TWO LLC C 428400 CASH DISTRIBUTION RECEIVED CAMPUS THREE LLC C 30600 CASH DISTRIBUTION RECEIVED 220 SOUTH PRESTON LLC B 329925 CASH CONTRIBUTION LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION C 5088100 CASH DISTRIBUTION RECEIVED LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION B 514264 CASH CONTRIBUTION