2021-05-17T08:32:44-05:00 2020-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2019-07-01 611029626 University of Louisville Research Foundation UNIV 5028527072 2215 S Brook Street Louisville KY 402082772 Daniel A Durbin Vice President 2021-05-17 true Rachel Spurlock P00520729 5023263996 2019 2022-09-23 18:48:47Z Dr Neeli Bendapudi 2215 S Brook Street Louisville KY 402082772 511652927 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 11 0 0 181336238 192756221 280653474 317563438 5457 623391 424182 462613103 510749298 48196491 53534190 0 0 0 0 402927474 386799044 451123965 440333234 11489138 70416064 122946158 160209784 93124633 59972195 29821525 100237589 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 244390269 60900 313379786 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 in FY20: - Over 52,000 COVID tests; - Over 22,000 telehealth visits serving the region; - Over 720,000 patient visits; - Over 80,000 new patients added to our clinics; and - 68 new providers to serve the region. 122371052 600 2919015 The University of Louisville Research Foundation secured nearly $170 million to support groundbreaking research in the 2019-2020 fiscal year. This was the organizations most successful year ever for competitively funded research and an increase of nearly $18 million over the previous record year. The organization received 882 awards for $169.5 million, which included $95.4 million from the federal government, $23.8 million federal flow through, $21.2 million from industry, $12.8 million from foundations, and $10.7 million from the Commonwealth of Kentucky. Not only does the organization and the university it supports excel at groundbreaking research, but they translate 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': 1) The Coulter Translational Partnership award; 2) NSF I Corps Site program; 3) the NIH Reach Hub; and 4) the NSF AWARE:ACCESS award. These programs help get our innovative technologies to market, improving the way we work and live. Below are some examples of how funding supports both basic and applied research: -Funds support pioneering research regarding spinal cord injuries and how the paralyzed may be able to walk again. -Our Louisville Entrepreneurship Acceleration Partnership supports the local economy through innovation opportunities throughout the region. -Funds were used to help build a program that will prepare students for the ever-evolving, technology-enabled "jobs of tomorrow". This will create apprenticeships that connect what students learn in the class with their eventual careers. -Funds were used for research and testing vaccines as a Pfizer Vaccines Center of Excellence and developing next-generation manufacturing technology. - Alcohol Research Center: This research center investigates the mechanisms of alcohol-induced organ injury and works to develop new methods of prevention and treatment. -Conn Center for Renewable Energy on Research: Concentrates on research into rare earth oxides as photovoltaics, which could provide a new, clean source of fuel and improve its storage. 53472590 53472590 0 The University of Louisville Research Foundation provides funding for student scholarships at the University of Louisville. In FY20, the organization provided over $53 million in funds to nearly 12,000 students at the University. 11184686 100 1223541 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. 11184686 100 1223541 431418597 true true false true false false false false false true false false false 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 434 0 true 0 false false false false false false false false false false false false X 13 10 false false true false false false false true true false false true true true true true true false false false KY X Walter W Newell 5028527072 Controllers Office Univ of Louisv Louisville KY 40292 Bonita K Black JD Secretary 0.5 0 X X 0 0 0 Diane B Medley Treasurer 0.5 0 X X 0 0 0 James M Rogers Chair 0.5 0.5 X X 0 0 0 Sandra Frazier Vice Chair 0.5 0 X X 0 0 0 Dr Raymond Burse Director 0.5 0 X 0 0 0 J David Grissom Director to 11/30/2019 0.5 0 X 0 0 0 Jasper G Noble Director 0.5 10.5 X 0 4500 0 John D Smith Director 0.5 49.5 X 0 65366 19479 John E Chilton Director from 11/22/2019 0.5 0 X 0 0 0 Krista B Wallace-Boaz Director 0.5 49.5 X 0 102783 26901 Mary R Nixon Director 0.5 0 X 0 0 0 Randall J Bufford Director from 11/22/2019 0.5 0 X 0 0 0 Ronald L Wright Director 0.5 0.5 X 0 0 0 Scott W Brinkman Director from 12/1/2020 0.5 0 X 0 0 0 Daniel A Durbin Vice President 0.5 49.5 X 0 410498 47063 Dr Beth Boehm Vice President 0.5 49.5 X 0 398709 53409 Dr Neeli Bendapudi President 0.5 49.5 X 0 860026 46378 Dr Robert S Keynton Vice President to 12/31/2019 0.5 49.5 X 0 320950 47494 Kevin H Gardner PhD Vice President from 1/1/2020 0.5 49.5 X 0 0 0 Kyle J Beamer Assistant Secretary 0.5 49.5 X 0 71627 19472 Dale B Billingsley PhD Former Vice Pres. 50.0 X 0 117761 32955 Gregory C Postel MD Former President 49.5 X 0 672119 42933 Prof Enid Trucios-Haynes Former Treasurer 50.0 X 0 182213 39190 Susan I Howarth Former Vice Pres. 50.0 X 0 148773 17055 0 3355325 392329 0 true true false UNIVERSITY OF LOUISVILLE PHYSICIANS 300 EAST MARKET STREET LOUISVILLE KY 40202 MEDICAL/HEALTHCARE 11465942 UNIV OF KENTUCKY RESEARCH FDN 301 PETERSON SVC BLDG LEXINGTON KY 40506 RESEARCH SERVICES 1426573 BAPTIST HEALTH MADISONVILLE 900 HOSPITAL DRIVE MADISONVILLE KY 42431 MEDICAL SERVICES 1293726 UNIVERSITY MEDICAL CENTER INC 530 S JACKSON ST LOUISVILLE KY 40202 MEDICAL SERVICES 1110200 NORTON ROSE FULBRIGHT 190 CARONDELET PLAZA ST LOUIS MO 63105 LEGAL SERVICES 868749 94 155533984 37222237 192756221 Clinical Services 541700 313379786 313379786 Other Research Projects and Services 541700 2919015 2919015 Conferences and training 541700 1264637 1264637 0 0 0 0 317563438 46095 46095 457018 457018 8260 8260 0 8260 8260 0 40638 0 -40638 -40638 -40638 805420 862991 -57571 -57571 Miscellaneous 900099 16475 16475 0 0 0 0 16475 510749298 317522342 0 470735 X 61600 61600 53472590 53472590 1687783 1243810 443973 18978 16928 2050 180000 180000 333977826 327724241 6253585 0 314318 298303 16015 887417 874358 13059 6023753 5715138 308615 72646 72646 5088787 3533236 1555551 4872649 4851248 21401 4800299 4657636 142663 6362247 6362247 602512 602512 F&A services and other transfers 961872 961872 Laboratory Supplies and Expenses 16872738 16808883 63855 Small Equipment Purchases and Rentals 57579 51893 5686 Licenses, Permits, and Fees 1403272 1396136 7136 2614368 2533320 81048 0 440333234 431418597 8914637 0 7056 3953 45242832 40128468 0 0 0 0 20554913 65774261 412353 463286 166537008 113001103 56422963 53535905 0 0 306041 303911 122946158 160209784 16509005 15414244 11252985 11104579 0 0 65362643 33453372 93124633 59972195 X 29821525 100237589 29821525 100237589 122946158 160209784 70416064 0 X false true X true true true X 172640537 160306501 172310875 181336238 192756221 879350372 0 0 172640537 160306501 172310875 181336238 192756221 879350372 0 879350372 170432 131954 2967651 647504 511373 4428914 0 0 0 0 0 0 0 0 0 0 0 0 883779286 1337964061 0.9950 0.9952 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 180000 false false 180000 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 70943567 28575468 42368099 818024 737433 80591 93195570 83475239 9720331 1228152 212963 1015189 53535905 Due to University of Louisville 0 Allocated Post Employment Benefits 33431112 Other Long Term Liabilities 22260 33453372 510847507 0 0 510847507 -98209 -98209 510749298 440431443 98209 98209 440333234 0 0 440333234 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RECLASS LOSS ON DISPOSAL OF FIXED ASSETS - -40638 RECLASS LOSS ON SALE OF INVENTORY - -57571 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RECLASS LOSS ON DISPOSAL OF FIXED ASSETS - 40638 RECLASS LOSS ON SALE OF INVENTORY - 57571 true Clinical Research Foundation 800 Zorn Avenue Louisville KY 40206 611144514 501(c)(3) 50000 Research Support Hope Scarves Inc 141 N Sherrin Avenue Louisville KY 40207 453578278 501(c)(3) 5000 Mission Support 2 0 SCHOLARSHIPS, FELLOWSHIPS FINANCIAL AID, AWARDS 11897 53472590 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 Gregory C Postel MD Former President 0 536929 0 0 0 135190 0 31000 0 11933 0 715052 0 0 Susan I Howarth Former Vice Pres. 0 105581 0 0 0 43192 0 10661 0 6394 0 165828 0 0 Prof Enid Trucios-Haynes Former Treasurer 0 180812 0 0 0 1401 0 16927 0 22263 0 221403 0 0 Dale B Billingsley PhD Former Vice Pres. 0 115475 0 0 0 2286 0 12500 0 20455 0 150716 0 0 Daniel A Durbin Vice President 0 409724 0 0 0 774 0 28000 0 19063 0 457561 0 0 Dr Neeli Bendapudi President 0 642552 0 150000 0 67474 0 28000 0 18378 0 906404 0 0 Dr Beth Boehm Vice President 0 397521 0 0 0 1188 0 40000 0 13409 0 452118 0 0 Dr Robert S Keynton Vice President to 12/31/2019 0 320176 0 0 0 774 0 28000 0 19494 0 368444 0 0 Form 990, Part III, Line 4d Description of other program services (Expenses $ 11,184,686 including grants of $ 100)(Revenue $ 1,223,541) 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 4 Significant changes to organizational documents The organization's Articles of Incorporation and Bylaws were amended to align the composition of the organization's Board of Directors to that of the University of Louisville's Board of Trustees. The Research Foundation's governing board is now composed solely of the University of Louisville's Board of Trustees, with coterminous appointments. The following positions were eliminated from serving on the Research Foundation's board: the University's president, chief business officer, chief financial officer, chief academic officer, and chief research officer. The following positions were added as vice presidents (officers) of the Research Foundation: the University's president, chief academic officer, chief financial officer, and chief research officer. As a result of these changes, thirteen (13) director positions remain on the organization's governing board. 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: 6129933, Fundraising Expenses: ; Research Subcontracting - Total Expense: 12489941, Program Service Expense: 12489941, Management and General Expenses: , Fundraising Expenses: ; Medical Subcontracting - Total Expense: 38461368, Program Service Expense: 38461368, Management and General Expenses: , Fundraising Expenses: ; Other consulting and services - Total Expense: 7846465, Program Service Expense: 7722813, Management and General Expenses: 123652, Fundraising Expenses: ; 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