2020-07-15T09:01:06-05:00 2019-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2018-07-01 611029626 University of Louisville Research Foundation UNIV 5028527072 2215 S Brook Street Louisville KY 402082772 Daniel A Durbin Vice President 2020-07-15 true Rachel Spurlock P00520729 5023263996 2018 2021-01-29 14:40:06Z Dr Neeli Bendapudi 2215 S Brook Street Louisville KY 402082772 463646885 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. 16 9 0 20 0 0 172310875 181336238 251500727 280653474 -5379 0 3322465 623391 427128688 462613103 44533978 48196491 0 0 0 0 397738841 402927474 442272819 451123965 -15144131 11489138 114334025 122946158 96001638 93124633 18332387 29821525 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 249150058 0 276951048 The University of Louisville Research Foundation houses financial activity related to services provided by the UofL Health Sciences Center and over 800 physician faculty within the school of Medicine. These faculty staff 112 clinics over a multi-state region and in 2019 and provided 782,000 procedures (including 111,000 surgeries and 176,000 radiology encounters) from 568,000 individual patient visits. This activity represents a 2% increase in activity over the prior year as the Research Foundation continues to fulfill its tax exempt purpose and mission. 143601481 48196491 2061739 In fiscal year 2019, the University of Louisville Research Foundation (ULRF) continued its successful research portfolio. The organization received 950 awards totaling $152.1 million, which included $88.8 million federal government awards, $24.4 million federal flowthourgh awards, $14.7 million from industry, $10.6 million from foundations, and $12.5 million from the Commonwealth of Kentucky. Basic research included a wide range of topics ranging from the Alcohol Research Center, which investigates the mechanisms of alcohol-induced organ injury and works to develop new methods of prevention and treatment, to work being done in the Conn Center for Renewable Energy on research into rare earth oxides as photovoltaics, and back to pioneering research in spinal cord injury. A key element of the university's research portfolio is the translation of research into marketable commercial applications. ULRF is the only university affiliated organization in the United States to be awarded four prestigious commercialization grants: the Coulter Translational Partnership award, NSF I Corps Site program, the NIH Reach Hub, and the NSF AWARE:ACCESS award. In addition to basic and translational research, ULRF is also making significant contributions to improve the quality of life both locally and globally. The wide ranging programs aimed at improving quality of life includes the design, construction and, monitoring of the Harrison Fork (Bernheim Forest) watershed in Nelson County, Kentucky, and the Louisville Entrepreneurship Acceleration Partnership aimed at supporting the local innovation economy and providing economic opportunity for the region. 48138015 0 0 The University of Louisville Research Foundation provides funding for student scholarships at the University of Louisville. In fiscal year 2019, the organization provided over $48 million in funds to over 11,000 students at the University. 1342479 0 1616574 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. 1342479 1616574 442232033 true true true 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 401 0 true 0 false false false false false false true false false false false false X 16 9 false false false 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 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 Neeli Bendapudi President 0.5 49.5 X X 0 496610 38308 Dr Beth Boehm Vice President 0.5 49.5 X X 0 311909 44156 Daniel A Durbin Vice President 0.5 49.5 X X 0 398545 48044 Joseph K Han Vice President to 9/26/18 0.5 49.5 X X 0 206268 31057 Dr Robert S Keynton Vice President 0.5 49.5 X X 0 318286 46515 Bonita K Black JD Secretary 0.5 0 X X 0 0 0 Mary R Nixon Treasurer 0.5 0 X X 0 0 0 William W Armstrong Director to 7/8/18 0.5 49.5 X 0 67478 24924 Dr Raymond Burse Director 0.5 0 X 0 0 0 Brian A Cromer JD Director to 7/10/18 0.5 0.5 X 0 0 0 Jonathan T Fuller Director 0.5 10.5 X 0 7138 0 J David Grissom Director 0.5 0 X 0 0 0 Nitin Sahney Director 0.5 0 X 0 0 0 John H Schnatter Director to 7/11/18 0.5 0 X 0 0 0 John D Smith Director from 7/9/18 0.5 49.5 X 0 60647 19928 Prof Enid Trucios-Haynes Director to 9/5/18 0.5 49.5 X 0 176922 29813 Krista B Wallace-Boaz Director from 9/6/18 0.5 49.0 X 0 83954 24956 Fred A Williams Jr MD Director 0.5 0 X 0 0 0 Ronald L Wright Director 0.5 0.5 X 0 0 0 Kyle J Beamer Assistant Secretary 0.5 49.5 X 0 71750 19079 Leslie C Strohm Former Legal Counsel 50.0 X 0 198754 20819 Gregory C Postel MD Former President 50.0 X 0 1043298 48637 Susan I Howarth Former Vice Pres. 50.0 X 0 280736 40983 Dale B Billingsley PhD Former Vice Pres. 49.5 X 0 355035 50466 0 4077330 487685 0 true true false UNIVERSITY OF LOUISVILLE PHYSICIANS 300 EAST MARKET STREET LOUISVILLE KY 40202 MEDICAL/HEALTHCARE 11614300 BAPTIST HEALTH MADISONVILLE 900 HOSPITAL DRIVE MADISONVILLE KY 42431 MEDICAL SERVICES 1321833 UNIV OF KENTUCKY RESEARCH FDN 301 PETERSON SVC BLDG LEXINGTON KY 40506 RESEARCH SERVICES 786245 SRI INTERNATIONAL 333 RAVENSWOOD AVE MENLO PARK CA 94025 RESEARCH SERVICES 763969 UNIVERSITY MEDICAL CENTER INC 530 S JACKSON ST LOUISVILLE KY 40202 MEDICAL SERVICES 656809 67 162683631 18652607 181336238 Clinical Services 541700 276951048 276951048 Other Research Projects 541700 2061739 2061739 Conferences and training 541700 1640687 1640687 0 0 0 0 280653474 644824 644824 2680 2680 0 2680 2680 0 0 973138 1033782 -60644 -60644 Miscellaneous 900099 36531 36531 0 0 0 0 36531 462613103 280629361 0 647504 X 58476 58476 48138015 48138015 1822958 1272788 550170 26445 26445 118424 118424 348225376 342457920 5767456 0 498965 489022 9943 1153713 1136157 17556 4665621 4262034 403587 362819 362819 0 4132746 2307359 1825387 4205323 4161469 43854 6030603 5892643 137960 6051871 6051871 0 987837 987837 0 F&A services and other transfers 4152474 4152474 0 Laboratory Supplies and Expenses 15925767 15918402 7365 Small Equipment Purchases and Rentals 1185034 1180161 4873 Licenses, Permits, and Fees 1232028 1216754 15274 2149470 2040963 108507 0 451123965 442232033 8891932 0 3005 7056 49513693 45242832 0 0 0 6505742 20554913 412353 412353 164072272 107649309 57679598 56422963 2113 0 217521 306041 114334025 122946158 12556195 16509005 9603402 11252985 0 73842041 65362643 96001638 93124633 X 18332387 29821525 18332387 29821525 114334025 122946158 11489138 0 X false true X true true true X 174255006 172640537 160306501 172310875 181336238 860849157 0 0 174255006 172640537 160306501 172310875 181336238 860849157 0 860849157 196814 170432 131954 2967651 647504 4114355 0 0 0 0 0 0 0 0 0 0 0 0 864963512 1246077796 0.9952 0.9913 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 118424 false false 118424 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University of Louisville contracted with The Grizzle Company and Akin Gump Strauss Hauer & Feld LLP during the year to lobby on behalf of the Research Foundation's research activities. 351695 351695 70726880 25826983 44899897 818024 731642 86382 90791735 80958833 9832902 1383938 131851 1252087 56422963 Due to University of Louisville 30534968 Allocated Post Employment Benefits 34805415 Other Long Term Liabilities 22260 65362643 462673747 0 0 462673747 -60644 -60644 462613103 451184609 60644 60644 451123965 0 0 451123965 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Reclass loss on sale of inventory to Part VIII - -60644 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Reclass loss on sale of inventory to Part VIII - 60644 true Clinical Research Foundation 800 Zorn Avenue Louisville KY 40206 611144514 501(c)(3) 50000 Research support 1 0 SCHOLARSHIPS, FELLOWSHIPS FINANCIAL AID, AWARDS 11072 48138015 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 942524 0 100000 0 774 0 30500 0 18137 0 1091935 0 0 Susan I Howarth Former Vice Pres. 0 279962 0 0 0 774 0 28208 0 12775 0 321719 0 0 Dale B Billingsley PhD Former Vice Pres. 0 352749 0 0 0 2286 0 30692 0 19774 0 405501 0 0 Dr Neeli Bendapudi President 0 405368 0 0 0 91242 0 27500 0 10808 0 534918 0 0 Dr Beth Boehm Vice President 0 310566 0 0 0 1343 0 31278 0 12878 0 356065 0 0 Daniel A Durbin Vice President 0 397616 0 0 0 929 0 27500 0 20544 0 446589 0 0 Joseph K Han Vice President to 9/26/18 0 195623 0 0 0 10645 0 18500 0 12557 0 237325 0 0 Dr Robert S Keynton Vice President 0 317872 0 0 0 414 0 27500 0 19015 0 364801 0 0 Prof Enid Trucios-Haynes Director to 9/5/18 0 175661 0 0 0 1261 0 17427 0 12386 0 206735 0 0 Leslie C Strohm Former Legal Counsel 0 198358 0 0 0 396 0 14981 0 5838 0 219573 0 0 Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,342,479 including grants of $ 0)(Revenue $ 1,616,574) 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, Treasurer of the Board of Directors, President, Chief Business Officer, Chief Financial Officer, Chief Academic Officer, and Chief Research Officer of the University of Louisville in their capacity as Director. The President serves as Chairman of the Executive Committee. 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 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: 5558290, Fundraising Expenses: ; Research Subcontracting - Total Expense: 13746292, Program Service Expense: 13746292, Management and General Expenses: 0, Fundraising Expenses: ; Medical Subcontracting - Total Expense: 38404963, Program Service Expense: 38404963, Management and General Expenses: 0, Fundraising Expenses: ; Other consulting and services - Total Expense: 6587521, Program Service Expense: 6378355, Management and General Expenses: 209166, 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