2020-07-15T12:31:08-05:00 2019-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2018-07-01 311106941 University of Louisville Athletic Association UNIV 5028527072 2215 S Brook Street Louisville KY 402082772 Daniel A Durbin Asst. Treasurer 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 129859294 false X http://www.gocards.com/ X 1984 KY The University of Louisville Athletic Association is organized to develop intercollegiate athletic teams composed of students of the University of Louisville and to schedule and manage intercollegiate athletic contests, all in the harmony with and in subjection to the general education policy of the University of Louisville. 28 9 692 142 641766 317315 29319607 41938861 46767409 46860390 389551 -3959 31697086 40976052 108173653 129771344 16931809 17545159 0 46799664 63050344 0 3650021 58546668 64767039 122278141 145362542 -14104488 -15591198 323244811 309712564 186153088 187707640 137091723 122004924 The University of Louisville Athletic Association is organized to develop intercollegiate athletic teams composed of students of the University of Louisville and to schedule and manage intercollegiate athletic contests, all in the harmony with and in subjection to the general education policy of the University of Louisville. false false 138504204 17545159 47121885 The University of Louisville Athletic Association (ULAA) achieved many impressive results during its 2018-19 fiscal year. Cardinal athletic teams posted a collective 3.254 GPA during the 2018-19 academic year, with 22 of 23 teams achieving a 3.0 or better for the year. A total of 376 student-athletes, managers, trainers and spirit group members were 2018 Red and Black Scholars for maintaining a cumulative GPA of 3.25 or better. Three University of Louisville athletic teams -- women's basketball, women's cross country, and women's golf - received public recognition through the NCAA Academic Performance Program for ranking in the top 10 percent in the 2013-17 most recent APR, which measures academic eligibility, retention, and graduation for student-athletes. Fourteen UofL programs produced perfect APR scores for the most recent single-year figures. UofL student-athletes amassed over 9,800 service hours through its CardsCARE community outreach program during the 2018-19 year, a total which ranked seventh in the nation in the NCAA Team Works Helper Community Service Challenge. UofL was third in the nation in the 2018 fall challenge. The Cardinals have ranked in the top 10 in service hours for five consecutive years. Athletic teams at the University of Louisville achieved impressive results during the 2018-19 season. Louisville finished 35th in the nation in the final Learfield Sports Director's Cup national all-sports standings. It is the ninth consecutive season the Cardinals finished in the top-40. The Cardinals were one of nine ACC universities among the top 50. Thirteen UofL sports programs were ranked among the nation's top 25 teams at one point during the 2018-19 season including baseball, men's and women's basketball, field hockey, men's and women's golf, rowing, men's and women's soccer, men's and women's swimming, women's indoor track & field, and volleyball. Fifteen UofL teams or individuals from teams - seven men's and eight women's -- participated in post-season competition including baseball, men's and women's basketball, women's cross country, men's and women's golf, men's soccer, softball, men's and women's swimming, men's and women's indoor and outdoor track and field, and volleyball. There were several standouts among the individual sports programs. UofL's baseball team finished a program-best third in the nation after advancing to the NCAA College World Series for the fourth time in the last seven years. The Cardinals' 51-18 record was tied for the second-most victories in program history. Women's All-America swimmer Mallory Comerford captured NCAA Championships in the 100 and 200 freestlye to lead the women's swimming and diving team to a fourth-place team finish, the highest in school history. The men's program earned a fifth place NCAA finish in the championship, achieving the best finish in school history. The Cardinals have produced an individual national champion in eight straight seasons. UofL's women's basketball team advanced to the NCAA regional championship game while posting a 32-4 record. Men's soccer advanced to the quarterfinal round of the NCAA Championship for the fifth time in the last eight seasons, producing a 13-2-5 record. Men's golf advanced to the NCAA Championships for the second straight year. 138504204 true true false false false false false false true true false false false true false true true false false true false false false false false false true true true true false false false false false false false false false false true false false false false true false false false true 241 0 true 692 true true true false false false false false true false false false true false X 28 9 false false false false false false false true false false false true true true true true true true true false KY X X Walter W Newell 5028527072 Service Complex-Univ of Louisville Louisville KY 40292 Dr Neeli Bendapudi President and Chair 0.5 49.5 X X 0 496610 38308 Prof David S Owen Vice Chair 0.5 49.5 X X 0 112549 24226 Jonathan T Fuller Secretary 0.5 10.5 X X 0 7138 0 Marian R Vasser Treasurer 0.5 49.5 X X 0 63448 22753 Daniel A Durbin Asst. Treasurer 0.5 49.5 X X 0 398545 48044 Tom Andrews Director 0.5 0 X 0 0 0 Laurence Benz Director 0.5 0 X 0 0 0 Dr Beth Boehm Director 0.5 49.5 X 0 311909 44156 Prof Sheldon J Bond Director 0.5 49.5 X 0 157043 32334 Dr Thomas Gerard Bradley Director 0.5 49.5 X 0 420908 47822 Ryan Bridgeman 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 Dr Ralph Fitzpatrick Director 0.5 49.5 X 0 212593 28985 Joseph K Han Director (to 9/26/18) 0.5 49.5 X 0 206268 31057 Prof Dawn Heinecken Director 0.5 49.5 X 0 97513 21826 Dennis P Heishman Director 0.5 0 X 0 0 0 Prof Mary Hums Director 0.5 49.5 X 0 99841 22419 Steve Jones Director 0.5 0 X 0 0 0 Mariana Juarez Director 0.5 10.0 X 0 3500 0 Tom Meeker Director 0.5 0 X 0 0 0 Prof Sharon Moore Director 0.5 49.5 X 0 104195 24534 Gregory C Postel MD Director (to 12/7/18) 0.5 49.5 X 0 1043298 48637 Sam Rechter Director 0.5 0 X 0 0 0 Shannon I Rickett Director (from 12/7/18) 0.5 49.5 X 0 138374 26503 James M Rogers Director 0.5 0.5 X 0 0 0 Prof Shelley M Santry Director 0.5 49.5 X 0 98535 26084 Bradley R Shafer Director (from 10/24/18) 0.5 49.5 X 0 170385 14729 Prof Lars S Smith Director 0.5 49.5 X 0 167433 35083 Prof Michael J Voor Director 0.5 49.5 X 0 106035 24789 Prof Elaine O Wise Director 0.5 49.5 X 0 98623 23479 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 Vincent J Tyra Athletic Director 50.0 0 X 921014 0 46419 Fredric Scott Satterfield Football Coach (from 12/4/18) 50.0 0 X 257960 0 167 Robert P Petrino Football Coach (to 11/11/18) 50.0 0 X 18017601 0 472191 Christopher L Mack Men's Basketball Coach 50.0 0 X 8631988 0 41629 Jeff Walz Women's Basketball Coach 50.0 0 X 2221047 0 45164 Daniel S McDonnell Men's Baseball Coach 50.0 0 X 1144207 0 161190 Brian E VanGorder Asst. Football Coach 50.0 0 X 871033 0 40750 Ronald Kevin Miller Former Exec. Sr. Assoc. Athletic Dir. 0 X 156741 0 23400 Leslie C Strohm Former Legal Counsel 50.0 X 0 198754 20819 Susan I Howarth Former Asst. Treasurer 50.0 X 0 280736 40983 Prof Enid Trucios-Haynes Former Vice Chair 50.0 X 0 176922 29813 32221591 5242905 1527372 67 true true false Messer Construction Co 11001 Plantside Dr Louisville KY 40299 Construction services 30330136 A R Beck & Associates Inc 16024 Central Commerce Dr Pflugerville TX 78660 Media Services 4091394 Legends Sales & Marketing LLC 61 Broadway Suite 2400 New York NY 10006 Marketing services 2391781 ANC Sports Enterprises LLC 2 Manhattanville Rd Suite 402 Purchase NY 10577 Marketing Services 2000000 Camatic Seating Inc 12801 N Stemmons Fwy Ste 903 Farmers Branch TX 75218 Construction Services 987602 59 41938861 320986 41938861 Total Sports Revenue 711210 45849493 45207727 641766 Student Athletic Fees and Related 713940 1010897 1010897 0 0 0 0 46860390 23117 23117 40072791 40072791 0 0 60874 87950 -27076 0 -27076 -27076 Administrative Support Services 561990 270069 270069 Marketing and Development Revenue 711320 254578 254578 Other Operating Revenues 900099 378614 378614 0 0 0 0 903261 129771344 47121885 641766 40068832 2403936 2403936 15141223 15141223 991978 991978 51908433 49997078 1179254 732101 6504043 5965310 384283 154450 3645890 3477680 113621 54589 468535 468535 32655 24930 7725 6992211 6461630 334862 195719 606649 498848 34604 73197 253636 197907 20915 34814 1685189 1566802 18343 100044 5184707 5158105 962 25640 12251284 11754156 44966 452162 39554 12405 27149 826840 699749 127091 7857452 7857452 1499667 1496919 2748 Athletic event fees and expenses 5045065 4785178 9838 250049 Repairs and maintenance 3563162 2920224 3218 639720 Small equipment purchases and rentals 4467472 4308714 9243 149515 Other licenses and fees 1637129 1636921 208 12355832 11695432 7195 653205 145362542 138504204 3208317 3650021 52500 52500 55132161 33069067 10107494 9869837 19651571 25899402 0 0 0 2610151 3212259 275993 743984 293275729 70141752 218423593 223133977 15241591 12390470 0 0 1749757 1341068 323244811 309712564 26755538 36612313 37019725 36670161 0 10941539 7928539 111436286 106496627 186153088 187707640 X 137091723 122004924 137091723 122004924 323244811 309712564 -15591198 504399 0 X false true X true false X X X 1 UNIVERSITY OF LOUISVILLE 611014882 6 true 2403936 0 1 2403936 0 36664155 38619206 45371652 29319607 41938861 191913481 0 0 36664155 38619206 45371652 29319607 41938861 191913481 0 191913481 18039320 27519405 27412921 29875125 40095908 142942679 0 0 0 121515 196695 318210 0 0 0 0 0 0 335174370 238816768 0.5726 0.6399 X true true false false false false false false false false false false false false false true false Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) The University of Louisville Athletics Association supports the University of Louisville, a State university exempt under IRC Sec 115. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12229757 21334 2802971 1061273 2575413 269055 11148321 22233854 347763 425325 2354389 8264905 157891 12229757 23521401 1206036 961564 204137 2964193 286817 22233854 26425519 273323 -2441221 432550 0 303670 23521401 29247622 1392416 -1409266 310986 2153104 341163 26425519 0.881 0.119 0.0 true false 5150911 5150911 275389153 65053564 210335589 1299301 956685 342616 6639209 3221034 3418175 4797155 910469 3886686 223133977 Due to University of Louisville 106496627 106496627 129264846 504399 0 504399 128760447 1010897 1010897 129771344 144351645 -1010897 -1010897 145362542 0 0 145362542 Schedule D, Part V, Line 4 Intended uses of endowment funds The University of Louisville Athletic Association's main endowment investment is the Hickman Camp program, which is unrestricted and undesignated. This program represents approximately 50% of the organization's total endowment investment. In recent years the funds have been used for scholarships and compensation. The balance of the endowment investments are intended for athletic scholarships and stadium maintenance. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Reclass revenue netted with expenses on financial statements - 1010897 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Reclass revenue netted with expenses on financial statements - -1010897 Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT ATHLETE RECRUITING 13815 Central America and the Caribbean 0 0 Program Services Team Travel 504 North America (Canada & Mexico only) 0 0 Conference Travel 403 South America 0 0 Program Services Student athlete recruiting 388 East Asia and the Pacific 0 0 Program Services Student athlete recruiting, team travel 5780 Russia and Neighboring States 0 0 Program Services STUDENT ATHLETE RECRUITING 1648 East Asia and the Pacific 0 0 Conference Travel 1409 North America (Canada & Mexico only) 0 0 Program Services Student athlete recruiting 4062 0 0 0 0 0 0 28009 0 28009 false false false false false false true UNIVERSITY OF LOUISVILLE 2215 S BROOK ST LOUISVILLE KY 40208 611014882 115 2403936 SUPPORT 1 0 SCHOLARSHIPS 832 15141223 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Students are selected and continue to receive assistance based on their ability to contribute to the athletic program of the University of Louisville. All financial aid both athletic and non-athletic is under the control of the university Office of Financial Aid. The Office of Athletic Compliance employs a full-time Compliance Coordinator who works as a liaison with the University Financial Aid Office to monitor all athletic and non-athletic financial aid provided to our student-athletes. This includes monitoring all individual and team NCAA limits, renewals, non-renewal and cancellation of athletic scholarships, the awarding of summer financial aid, and oversees the disbursement of the Student-Assistance fund for eligible student-athletes. X X X X true true X X X X X true true false false false false false false false Susan I Howarth Former Asst. Treasurer 0 279962 0 0 0 774 0 28208 0 12775 0 321719 0 0 Prof Enid Trucios-Haynes Former Vice Chair 0 175661 0 0 0 1261 0 17427 0 12386 0 206735 0 0 Dr Neeli Bendapudi President and Chair 0 405368 0 0 0 91242 0 27500 0 10808 0 534918 0 0 Daniel A Durbin Asst. Treasurer 0 397616 0 0 0 929 0 27500 0 20544 0 446589 0 0 Dr Beth Boehm Director 0 310566 0 0 0 1343 0 31278 0 12878 0 356065 0 0 Prof Sheldon J Bond Director 0 155700 0 0 0 1343 0 11852 0 20482 0 189377 0 0 Dr Thomas Gerard Bradley Director 0 420339 0 0 0 569 0 27500 0 20322 0 468730 0 0 Dr Ralph Fitzpatrick Director 0 210152 0 0 0 2441 0 15940 0 13045 0 241578 0 0 Joseph K Han Director (to 9/26/18) 0 195623 0 0 0 10645 0 18500 0 12557 0 237325 0 0 Gregory C Postel MD Director (to 12/7/18) 0 942524 0 100000 0 774 0 30500 0 18137 0 1091935 0 0 Shannon I Rickett Director (from 12/7/18) 0 138157 0 0 0 217 0 14000 0 12503 0 164877 0 0 Bradley R Shafer Director (from 10/24/18) 0 170250 0 0 0 135 0 0 0 14729 0 185114 0 0 Prof Lars S Smith Director 0 166664 0 0 0 769 0 17372 0 17711 0 202516 0 0 Leslie C Strohm Former Legal Counsel 0 198358 0 0 0 396 0 14981 0 5838 0 219573 0 0 Vincent J Tyra Athletic Director 900074 0 0 0 20940 0 27500 0 18919 0 967433 0 0 0 Ronald Kevin Miller Former Exec. Sr. Assoc. Athletic Dir. 150405 0 0 0 6336 0 15340 0 8060 0 180141 0 0 0 Fredric Scott Satterfield Football Coach (from 12/4/18) 257937 0 0 0 23 0 0 0 167 0 258127 0 0 0 Robert P Petrino Football Coach (to 11/11/18) 3994357 0 841917 0 13181327 0 456787 0 15404 0 18489792 0 0 0 Christopher L Mack Men's Basketball Coach 3039492 0 0 0 5592496 0 27500 0 14129 0 8673617 0 0 0 Jeff Walz Women's Basketball Coach 1386027 0 805000 0 30020 0 27500 0 17664 0 2266211 0 446875 0 Daniel S McDonnell Men's Baseball Coach 1050287 0 75000 0 18920 0 144071 0 17119 0 1305397 0 0 0 Brian E VanGorder Asst. Football Coach 840160 0 0 0 30873 0 27500 0 13250 0 911783 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel Both the men's football and men's basketball teams travel to away competitions on charter planes. Charter service is submitted for competitive bids for both teams to obtain the price/service. This process is per industry standard for the majority of Division 1 schools. Per the organization's policies, first class airfare cannot be expensed back to the organization. Schedule J, Part I, Line 1a Travel for companions The organization obtains approval from the President's Office for all travel of athletic staff family members to special events such as post-season competitions, holiday tournaments, and other events where spouses are expected to attend for bona fide business purposes. Expenses are covered from unrestricted monies and not part of the Athletic Association's operating budget. All spousal or family member travel is taxed as applicable according to IRS rules and regulations. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Christopher Mack - $2,580,986 tax gross up on buyout of employment contract with previous employer. The tax benefit was treated as taxable compensation to the employee. Robert Petrino - $5,917,537 accelerated payment to cover taxes on IRC Sec. 457(f) deferred compensation arrangement upon termination of employment. The accelerated payment was taxed and reported on the employee's 2018 Form W-2 as taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The organization is authorized to provide country club memberships for the athletic director and some of its coaching staff as part of their respective employment contracts. These benefits are taxed accordingly where provided. Schedule J, Part I, Line 4a Severance or change-of-control payment Ronald Kevin Miller - $180,142 continuation of salary and benefits six months post-retirement. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Daniel McDonnell - $116,571 deferred retention bonuses accrued on Section 457(f) nonqualified deferred compensation arrangements per employment contract. Jeffrey Walz - $446,875 retention bonuses reported on prior Form 990 and paid during 2018. Robert Petrino - $13,550,000 gross payments due from termination of employment contract, to be paid in quarterly installments from 1/1/2019 - 12/31/2021. For tax purposes, the future payments are subject to rules addressing nonqualified deferred compensation under IRC § 457(f). In accordance with Treas. Reg. § 1.409A-3(j)(4)(iv), the organization accelerated a portion of the future termination payments owed to the employee to provide for income tax liabilities due as a result of the contract termination. For 2018, the present value of the termination payments plus the cash advanced were reported on the employee's Form W-2 as taxable benefits. The remaining vested taxable benefit of $429,912 is reported herein as deferred compensation. A University of Louisville 611014882 914391R41 2016-12-27 81099955 Retire 2008 Bonds for finance of football stadium expansion false false false A 5860000 0 81720127 0 0 30980902 511804 0 0 49607250 0 620171 2018 false true true true A false false true true false 0.1225 0.0 0.1225 false false true A false true false true false false false false false true A true Schedule K, Part II, Line 3 Total Proceeds of Issue TOTAL PROCEEDS OF $81,720,127 LESS ALLOCATED INTEREST EARNINGS OF $620,172 RECONCILES TO THE ISSUE PRICE OF $81,099,955. Schedule K, Part III, Line 6 Private Business Use Pertains to various naming rights contracts. The average annual yearly private business use percent over the measurement period is 7.2 percent. Schedule K, Part IV, Line 2c Rebate computation As of the most recent calculation dated June 30, 2019, the bond has negative rebatable arbitrage totaling ($1,901,112). X 5 261486 Market value X 1 59500 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - CONTRIBUTIONS OF MULTIPLE SHARES OF STOCK Food inventory - Catering/food Form 990, Part VI, Line 18 TAX RETURN DISCLOSURE COPIES OF THE ORGANIZATION'S MOST RECENT FORMS 990 AND 990-T ARE AVAILABLE UPON REQUEST. Form 990, Part VI, Line 15b OTHER EMPLOYEE COMPENSATION DETERMINATION PROCESS THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS AND OTHER KEY EMPLOYEES INVOLVED ALL OF THE FOLLOWING ELEMENTS: - DATA GATHERING AND ANALYSIS OF COMPENSATION AT COMPARABLY SIZED ORGANIZATIONS ALONG WITH BENCHMARKING AGAINST OTHER QUALIFIED OFFICIALS IN SIMILARLY SITUATED POSITIONS; - REVIEW AND APPROVAL BY THE ORGANIZATION'S ATHLETIC DIRECTOR AND EXECUTIVE SENIOR ASSOCIATE ATHLETIC DIRECTOR; AND - CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION DETERMINATION PROCESS. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THIS QUESTION HAS BEEN MARKED "NO" IN ACCORDANCE WITH THE IRS INSTRUCTIONS SINCE THE ORGANIZATION HAS NO SUCH COMMITTEES. 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 and 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 15a Process to establish compensation of top management official The process for determining compensation of the organization's Athletic Director involved all of the following elements: - Data gathering and analysis of compensation at comparably sized organizations along with benchmarking against other qualified officials in similarly situated positions; - Review and approval by an independent Personnel Committee; - Review and approval by the independent Board of Directors of the organization pursuant to feedback from the Personnel Committee; and - Contemporaneous documentation of the compensation determination process by the Personnel Committee and the Board of Directors in each body's respective minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees The process for determining compensation of the organization's Football Coach involved all of the following elements: - Data gathering and analysis of compensation at comparably sized organizations along with benchmarking against other qualified officials in similarly situated positions; - Review and approval by the organization's board of trustees; and - Contemporaneous documentation of the compensation determination process by the organization's administration and board of trustees. Form 990, Part VI, Line 19 Required documents available to the public Copies of the organization's financial statements, articles of incorporation, and conflict of interest policy are available at www.louisville.edu or upon request. UNIVERSITY OF LOUISVILLE UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611014882 EDUCATION KY NA false UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611029626 RESEARCH KY 501(c)(3) 5 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 PHYSICIANS GROUP INC 323 EAST CHESTNUT STREET LOUISVILLE KY 402021823 611346817 MEDICAL CARE KY 501(c)(3) 3 UNIVERSITY OF LOUISVILLE false UNIVERSITY MEDICAL CENTER INC 250 E LIBERTY ST LOUISVILLE KY 40202 611293786 MEDICAL CARE KY 501(c)(3) 3 UNIVERSITY OF LOUISVILLE false false true true false true false false false false false false false true true true true true false false