UNIVERSITY OF LOUISVILLE FOUNDATION INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF LOUISVILLE FOUNDATION INC (EIN 23-7078461)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-10
- IRS object ID
- 201921309349302022
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-10T08:53:57-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 611064249 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEMING MALONE LIVESAY & OSTROFF PSC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9300 SHELBYVILLE RD STE 1100 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 402225187 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237078461 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF LOUISVILLE FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 5028527300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 CENTRAL AVENUE NO 212 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEITH SHERMAN | PersonNm |
| Person Title | EXECUTIVE DIRECTOR & COO | PersonTitleTxt |
| Phone | 5028527300 | PhoneNum |
| Signature | 2019-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISTINE N KOENIG | PreparerPersonNm |
| PTIN | P01022180 | PTIN |
| Phone | 5024269660 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 174.47.177.202 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-01 | IPDt |
| IP Tm | 10:38:31 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | A49D4650415329FE8467BE13DDDA3EC00D4B5CD3 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | F74979C717CFC849FD713B97CF5CA672936F72B7 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KEITH SHERMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 CENTRAL AVENUE NO 212 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $193,779,870 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LOUISVILLEFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | THE FOUNDATION SUPPORTS THE UNIVERSITY OF LOUISVILLE (SEE SCHEDULE O) THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 18 | TotalEmployeeCnt |
| Total Volunteers | 21 | TotalVolunteersCnt |
| Total Gross UBI | $2,673,638 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$2,426,012 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $29,069,195 | PYContributionsGrantsAmt |
| CY Contributions Grants | $36,311,750 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,351,293 | PYInvestmentIncomeAmt |
| CY Investment Income | $33,000,273 | CYInvestmentIncomeAmt |
| PY Other Revenue | $15,484,374 | PYOtherRevenueAmt |
| CY Other Revenue | $2,475,398 | CYOtherRevenueAmt |
| PY Total Revenue | $53,904,862 | PYTotalRevenueAmt |
| CY Total Revenue | $71,787,421 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $55,479,486 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $68,581,985 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,142,685 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,356,219 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $38,943,291 | PYOtherExpensesAmt |
| CY Other Expenses | $12,811,787 | CYOtherExpensesAmt |
| PY Total Expenses | $99,565,462 | PYTotalExpensesAmt |
| CY Total Expenses | $84,749,991 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$45,660,600 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$12,962,570 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $877,146,093 | TotalAssetsBOYAmt |
| Total Assets EOY | $866,487,768 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $102,366,800 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $75,635,439 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $774,779,293 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $790,852,329 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $77,997,730 | ExpenseAmt |
| Grant | $68,581,985 | GrantAmt |
| Revenue | $520,142 | RevenueAmt |
| Desc | THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS.BY INVESTING WISELY, THE FOUNDATION HELPS KEEP THE UNIVERSITY IN A LEADERSHIP POSITION FOR RESEARCH OF ALL KINDS, WHETHER THAT MEANS SUPPORTING ONE OF THE COUNTRY'S FINEST CANCER TREATMENT AND RESEARCH INSTITUTIONS OR ENSURING OUR MEDICAL PROFESSIONALS RECEIVE WORLD-CLASS TRAINING IN EMERGENCY PREPAREDNESS.CONTINUED ON SCHEDULE O.EXCELLENCE IN RESEARCH TRANSLATES TO REAL-WORLD SOLUTIONS TO THE ISSUES AND COMPLEX PROBLEMS POSED TO OUR COMMUNITIES EACH AND EVERY DAY. STRONG METROPOLITAN RESEARCH UNIVERSITIES ARE ENGINES FOR INTELLECTUAL AND ECONOMIC GROWTH AND PROSPERITY, AND THE FOUNDATION MAKES THE UNIVERSITY MORE POWERFUL EVERY DAY BY PROVIDING TALENTED RESEARCHERS WITH THE RESOURCES NECESSARY TO MAKE BREAKTHROUGHS THAT MATTER. AS PUBLIC FINANCIAL SUPPORT FOR HIGHER EDUCATION HAS DECLINED AND THE COST CONTINUES TO INCREASE, THE FOUNDATION IS WORKING TO ENSURE THE DEFICIT IN FUNDING IS MET, AND THAT STUDENTS CAN CONTINUE TO BECOME UNIVERSITY OF LOUISVILLE ACADEMICS, ATHLETES AND CITIZENS, CREATING THEIR OWN UNIQUE UOFL STORIES. THAT IS WHY THE FOUNDATION ENCOURAGES SCHOLARSHIP PROGRAMS THAT SERVE BOTH FINANCIAL AND ENRICHMENT PURPOSES, AS WELL AS THE VARIOUS ACADEMIC, ATHLETIC AND CAREER PURSUITS, INCLUDING EVERYTHING FROM FULBRIGHT SCHOLARSHIPS TO STATE-OF-THE-ART SOCCER FACILITIES.THE FOUNDATION INVESTS IN COMMUNITY PROGRAMS AND PARTNERSHIPS INCLUDING THOSE FOR MILITARY FAMILIES AND YOUNG ENTREPRENEURS. IN THIS WAY, THE FOUNDATION ENRICHES THE LIVES OF ALL LOCAL CITIZENS, NOT JUST THE STUDENTS. | Desc |
| Total Program Service Expenses | $77,997,730 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 52 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 18 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITH SHERMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5028527300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 CENTRAL AVENUE NO 212 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| RON ABRAMS | |||||||||
| DIRECTOR | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| WILL ARMSTRONG | |||||||||
| DIRECTOR | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| NEELI BENDAPUDI | |||||||||
| DIRECTOR | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| JIM BOONE | |||||||||
| DIRECTOR | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL BOWERS | |||||||||
| DIRECTOR | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| PAUL CARRICO | |||||||||
| DIRECTOR | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| LAURA DOUGLAS | |||||||||
| SECRETARY | 3.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| SANDRA FRAZIER | |||||||||
| DIRECTOR | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| DAVID GRISSOM | |||||||||
| DIRECTOR | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| DONNA HEITZMAN | |||||||||
| DIRECTOR | 3.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| TOM MEEKER | |||||||||
| DIRECTOR | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MARK NICKEL | |||||||||
| DIRECTOR | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| KEN PAYNE | |||||||||
| VICE CHAIR | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| EARL REED | |||||||||
| CHAIR | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| NITIN SAHNEY | |||||||||
| DIRECTOR | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| JOHN SCHNATTER | |||||||||
| DIRECTOR | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| VISHNU TIRUMALA | |||||||||
| DIRECTOR | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| ENID TRUCIOS-HAYNES | |||||||||
| DIRECTOR | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| ALICE HOUSTON | |||||||||
| DIRECTOR (PREVIOUS) | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MARK LYNN | |||||||||
| VICE CHAIR (PREVIOUS) | 5.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| DIANE MEDLEY | |||||||||
| CHAIR (PREVIOUS) | 5.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| GREGORY C POSTEL | |||||||||
| DIRECTOR (PREVIOUS) | 2.00 | 1.50 | Yes (X) | $188,051 | $0 | $0 | |||
| VINCENT TYRA | |||||||||
| DIRECTOR (PREVIOUS) | 3.00 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| KEITH SHERMAN | |||||||||
| INTERIM EXECUTIVE DIRECTOR & COO | 55.00 | 1.50 | $232,138 | $0 | $30,784 | Yes (X) | |||
| RONALD KEVIN MILLER | |||||||||
| SR EXEC ASC ATHLETIC DIREC | 0.50 | 0.00 | $169,916 | $0 | $0 | Yes (X) | |||
| SUSAN MAGNESS | |||||||||
| DIRECTOR OF BUDGET | 20.00 | 5.00 | $122,674 | $0 | $7,745 | Yes (X) | |||
| REGINA LANSKWERT | |||||||||
| PROJECT MANAGER | 43.00 | 2.00 | $109,276 | $0 | $10,319 | Yes (X) | |||
| JOHN BALLARD | |||||||||
| CERTIFIED GOLF COURSE SUPERINTENDENT | 40.00 | 0.00 | $149,190 | $0 | $23,322 | Yes (X) | |||
| KATHLEEN SMITH | |||||||||
| ASST SECRETARY (FORMER) | 0.00 | 0.00 | $117,423 | $0 | $10,641 | Yes (X) | |||
| JASON TOMLINSON | |||||||||
| ASST TREASURER (FORMER) | 0.00 | 0.00 | $203,216 | $0 | $17,610 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,291,884 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $100,421 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CAMBRIDGE ASSOCIATES LLC | |||||
| 125 HIGH STREET | BOSTON | MA | 02110 | INVESTMENT MANAGEMENT | $1,163,793 |
| CENTERPLATE - SERVICE AMERICA CORP | |||||
| 1 INDEPENDENCE POINT SUITE 305 | GREENVILLE | SC | 29615 | HOSPITALITY SERVICES | $704,332 |
| STITES & HARBISON PLLC | |||||
| 400 WEST MARKET ST STE 1800 | LOUISVILLE | KY | 40202 | LEGAL SERVICES | $414,563 |
| WYATT TARRANT & COMBS LLP | |||||
| 500 W JEFFERSON ST STE 2800 | LOUISVILLE | KY | 40202 | LEGAL SERVICES | $392,295 |
| NTS MANAGEMENT COMPANY | |||||
| 500 N HURSTBOURNE PKWY SUITE 400 | LOUISVILLE | KY | 40222 | PROPERTY MANAGEMENT | $299,449 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Related Organizations | $1,307,175 | RelatedOrganizationsAmt |
| All Other Contributions | $35,004,575 | AllOtherContributionsAmt |
| Noncash Contributions | $3,458,061 | NoncashContributionsAmt |
| Total Contributions | $36,311,750 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,039,292 | TotalRevenueColumnAmt |
| Exclusion | $15,039,292 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,695,196 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,413,578 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$718,382 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$718,382 | TotalRevenueColumnAmt |
| Exclusion | -$718,382 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $137,539,852 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $119,573,580 | SecuritiesAmt |
| Other | $5,291 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,966,272 | SecuritiesAmt |
| Other | -$5,291 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,960,981 | TotalRevenueColumnAmt |
| Exclusion | $17,960,981 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| GOLF COURSE REVENUE | 900099 | $2,673,638 | $2,673,638 | |
| PROFESSIONAL FEES AND SERVICES | 611710 | $748,653 | $748,653 | |
| MISCELLANEOUS | 900099 | $180,859 | $180,859 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$409,370 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$409,370 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,193,780 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $71,787,421 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $520,142 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,673,638 | UnrelatedBusinessRevenueAmt |
| Exclusion | $32,281,891 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,581,985 | TotalAmt |
| Program Services | $68,581,985 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $325,926 | TotalAmt |
| Management And General | $325,926 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,305,582 | TotalAmt |
| Program Services | $1,235,585 | ProgramServicesAmt |
| Management And General | $1,069,997 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,945 | TotalAmt |
| Program Services | $155,945 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $477,964 | TotalAmt |
| Program Services | $173,753 | ProgramServicesAmt |
| Management And General | $304,211 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,802 | TotalAmt |
| Program Services | $90,802 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,233,272 | TotalAmt |
| Management And General | $1,233,272 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $364,528 | TotalAmt |
| Management And General | $364,528 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,185,685 | TotalAmt |
| Program Services | $1,185,685 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,997 | TotalAmt |
| Program Services | $61,002 | ProgramServicesAmt |
| Management And General | $68,995 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $290,300 | TotalAmt |
| Program Services | $276,848 | ProgramServicesAmt |
| Management And General | $13,452 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $313,101 | TotalAmt |
| Management And General | $313,101 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,321 | TotalAmt |
| Management And General | $19,321 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,047,487 | TotalAmt |
| Program Services | $253,634 | ProgramServicesAmt |
| Management And General | $793,853 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,868 | TotalAmt |
| Program Services | $88,065 | ProgramServicesAmt |
| Management And General | $3,803 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,710,956 | TotalAmt |
| Program Services | $2,629,652 | ProgramServicesAmt |
| Management And General | $81,304 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $379,269 | TotalAmt |
| Program Services | $20,861 | ProgramServicesAmt |
| Management And General | $358,408 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,723 | TotalAmt |
| Management And General | $79,723 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CHANGE-PLEDGE RESERVE | $2,433,716 | $2,433,716 | |
| OTHER ASSET ADJUSTMENT | $1,031,070 | $1,031,070 | |
| ANNUITANT PAYMENTS | $788,227 | $788,227 | |
| CATERING | $558,273 | $558,273 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,994 | TotalAmt |
| Program Services | $21,970 | ProgramServicesAmt |
| Management And General | $133,024 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,749,991 | TotalAmt |
| Program Services | $77,997,730 | ProgramServicesAmt |
| Management And General | $6,752,261 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800 | BOYAmt |
| EOY | $800 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,947,146 | BOYAmt |
| EOY | $1,467,618 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,600,687 | BOYAmt |
| EOY | $19,711,455 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $832,013 | BOYAmt |
| EOY | $1,173,995 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,800,153 | BOYAmt |
| EOY | $37,474,379 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,315 | BOYAmt |
| EOY | $115,481 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $448,055 | BOYAmt |
| EOY | $434,750 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $58,240,437 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $25,627,075 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,718,539 | BOYAmt |
| EOY | $32,613,362 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,198,532 | BOYAmt |
| EOY | $142,083,753 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $551,095,164 | BOYAmt |
| EOY | $543,720,248 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,359,689 | BOYAmt |
| EOY | $87,691,927 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $877,146,093 | BOYAmt |
| EOY | $866,487,768 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,686,048 | BOYAmt |
| EOY | $2,833,453 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,358,332 | BOYAmt |
| EOY | $5,151,127 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,757,350 | BOYAmt |
| EOY | $21,972,563 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,715,000 | BOYAmt |
| EOY | $36,749,346 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,850,070 | BOYAmt |
| EOY | $8,928,950 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,366,800 | BOYAmt |
| EOY | $75,635,439 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,605,470 | BOYAmt |
| EOY | $3,820,329 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $281,435,823 | BOYAmt |
| EOY | $325,963,046 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $455,738,000 | BOYAmt |
| EOY | $461,068,954 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $774,779,293 | BOYAmt |
| EOY | $790,852,329 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $877,146,093 | BOYAmt |
| EOY | $866,487,768 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$12,962,570 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $29,035,606 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $50,246,147 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $49,350,665 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $54,953,917 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $29,069,195 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $36,311,750 | CurrentTaxYearAmt |
| Total | $219,931,674 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $50,246,147 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $49,350,665 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $54,953,917 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $29,069,195 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $36,311,750 | CurrentTaxYearAmt |
| Total | $219,931,674 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $31,880,200 | SubstantialContributorsTotAmt |
| Public Support Total170 | $188,051,474 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,950,064 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,781,318 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,608,775 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,475,201 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,734,488 | CurrentTaxYearAmt |
| Total | $67,549,846 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $287,481,520 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $15,947,049 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.65410 | PublicSupportCY170Pct |
| Public Support PY170 | 0.68790 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $746,866,750 | BeginningYearBalanceAmt |
| Contributions | $4,457,783 | ContributionsAmt |
| Investment Earnings Or Losses | $54,386,489 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $24,667,409 | OtherExpendituresAmt |
| Administrative Expenses | $10,829,568 | AdministrativeExpensesAmt |
| End Year Balance | $770,214,045 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $708,152,893 | BeginningYearBalanceAmt |
| Contributions | $4,793,830 | ContributionsAmt |
| Investment Earnings Or Losses | $72,691,984 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $28,503,740 | OtherExpendituresAmt |
| Administrative Expenses | $10,268,217 | AdministrativeExpensesAmt |
| End Year Balance | $746,866,750 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $770,851,166 | BeginningYearBalanceAmt |
| Contributions | $8,028,257 | ContributionsAmt |
| Investment Earnings Or Losses | -$7,423,307 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $52,125,881 | OtherExpendituresAmt |
| Administrative Expenses | $11,177,342 | AdministrativeExpensesAmt |
| End Year Balance | $708,152,893 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $818,284,478 | BeginningYearBalanceAmt |
| Contributions | $19,926,930 | ContributionsAmt |
| Investment Earnings Or Losses | -$18,366,293 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,587,144 | GrantsOrScholarshipsAmt |
| Other Expenditures | $31,792,235 | OtherExpendituresAmt |
| Administrative Expenses | $9,614,570 | AdministrativeExpensesAmt |
| End Year Balance | $770,851,166 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $734,532,070 | BeginningYearBalanceAmt |
| Contributions | $13,126,927 | ContributionsAmt |
| Investment Earnings Or Losses | $118,951,849 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,867,804 | GrantsOrScholarshipsAmt |
| Other Expenditures | $31,670,304 | OtherExpendituresAmt |
| Administrative Expenses | $8,788,260 | AdministrativeExpensesAmt |
| End Year Balance | $818,284,478 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.06220 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.58200 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.35580 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,816,779 | OtherCostOrOtherBasisAmt |
| Book Value | $11,816,779 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,482,977 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,935,174 | DepreciationAmt |
| Book Value | $17,547,803 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,345,550 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,633,257 | DepreciationAmt |
| Book Value | $712,293 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,595,131 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,058,644 | DepreciationAmt |
| Book Value | $2,536,487 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $32,613,362 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| MARKETABLE ALTERNATIVES | $92,847,459 | F |
| MISCELLANEOUS INVESTMENTS | $26,482,444 | F |
| PARTNERSHIP INVESTMENTS | $424,390,345 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $543,720,248 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INTERCOMPANY RECEIVABLES | $28,921,822 |
| FUNDS HELD IN TRUST BY OTHERS | $58,770,105 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $87,691,927 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO UNIVERSITY OF LOUISVILLE | $3,861,791 |
| DEFERRED COMPENSATION | $591,739 |
| ANNUITIES AND TRUSTS PAYABLE | $4,475,420 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,928,950 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE FOUNDATION IS THE CUSTODIAN OF FUNDS OWNED BY THE UNIVERSITY OF LOUISVILLE ATHLETICS ASSOCIATION (ASSOCIATION). THE ASSOCIATION IS A SEPARATE CORPORATION ORGANIZED FOR THE PURPOSE OF PROMOTING THE INTERCOLLEGIATE ATHLETIC ACTIVITIES OF THE UNIVERSITY OF LOUISVILLE. THE FOUNDATION SERVES IN AN AGENCY CAPACITY AND INVESTS FUNDS ON BEHALF OF THE ASSOCIATION BASED ON A FORMAL TRUST AGREEMENT. AS OF JUNE 30, 2018, THE FOUNDATION HELD APPROXIMATELY $13.6 MILLION FOR THE ASSOCIATION'S INVESTMENT PURPOSES. THE FOUNDATION ENTERED INTO AN AGREEMENT WITH JEWISH HOSPITAL & ST. MARY'S HEALTHCARE, INC. (JEWISH HOSPITAL) WHEREBY THE FOUNDATION SERVES IN AN AGENCY CAPACITY TO INVEST FUNDS ON BEHALF OF JEWISH HOSPITAL. JEWISH HOSPITAL IS A SEPARATE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING HEALTH CARE SERVICES. AS OF JUNE 30, 2018, THE FOUNDATION HELD APPROXIMATELY $8.2 MILLION FOR JEWISH HOSPITAL'S INVESTMENT PURPOSES. THE FOUNDATION WAS THE RECIPIENT OF ENDOWED FUNDS, THE INCOME OF WHICH SHALL BE USED IN SUPPORT OF THE LOUISVILLE ORCHESTRA. AS OF JUNE 30, 2018, THE FOUNDATION HELD APPROXIMATELY $200,000 FOR THE BENEFIT OF THE LOUISVILLE ORCHESTRA. THE FOUNDATION, ACTING IN AN AGENT CAPACITY, DOES NOT REFLECT EARNINGS ON INVESTMENTS HELD IN TRUST FOR OTHERS IN ITS REVENUES AS THESE EARNINGS ARE DISTRIBUTED TO THE OWNERS OF THE FUNDS. |
| PART V, LINE 4: | THE INTENDED USE OF THE FOUNDATION'S ENDOWMENTS IS TO SUPPORT THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION. |
| PART X, LINE 2: | THE FOUNDATION COMPLETED AN ANALYSIS OF ITS UNCERTAIN 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, 2018 OR 2017. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $131,120,736 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | INVESTMENTS | $5,682,959 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $136,803,695 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $136,803,695 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF LOUISVILLE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2301 S 3RD STREET | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 611014882 | RecipientEIN |
| IRC Section | SECTION 115 | IRCSectionDesc |
| Cash Grant | $65,123,924 | CashGrantAmt |
| Non Cash Assistance | $3,458,061 | NonCashAssistanceAmt |
| Valuation Method Used | FAIR VALUE | ValuationMethodUsedDesc |
| Non Cash Assistance | ART, PUBLICATIONS, FOOD, EQUIPMENT. | NonCashAssistanceDesc |
| Purpose Of Grant | GENERAL SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION HAS BEEN DESIGNATED BY THE UNIVERSITY OF LOUISVILLE TO RECEIVE FUNDS DERIVED FROM GIFTS AND OTHER SOURCES. AS GUIDED BY ITS BOARD OF DIRECTORS, THE ORGANIZATION TRANSFERS FUNDS TO THE UNIVERSITY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GREGORY C POSTEL | ||||||||||||||
| DIRECTOR (PREVIOUS) | $0 | $0 | $0 | $0 | $188,051 | $0 | $0 | $0 | $0 | $0 | $188,051 | $0 | $0 | $0 |
| KEITH SHERMAN | ||||||||||||||
| INTERIM EXECUTIVE DIRECTOR & COO | $231,724 | $0 | $0 | $0 | $414 | $0 | $15,000 | $0 | $15,784 | $0 | $262,922 | $0 | $0 | $0 |
| RONALD KEVIN MILLER | ||||||||||||||
| SR EXEC ASC ATHLETIC DIREC | $0 | $0 | $0 | $0 | $169,916 | $0 | $0 | $0 | $0 | $0 | $169,916 | $0 | $0 | $0 |
| JOHN BALLARD | ||||||||||||||
| CERTIFIED GOLF COURSE SUPERINTENDENT | $119,472 | $0 | $19,000 | $0 | $10,718 | $0 | $7,292 | $0 | $16,030 | $0 | $172,512 | $0 | $0 | $0 |
| KATHLEEN SMITH | ||||||||||||||
| ASST SECRETARY (FORMER) | $115,569 | $0 | $0 | $0 | $1,854 | $0 | $9,724 | $0 | $917 | $0 | $128,064 | $0 | $0 | $0 |
| JASON TOMLINSON | ||||||||||||||
| ASST TREASURER (FORMER) | $202,940 | $0 | $0 | $0 | $276 | $0 | $13,089 | $0 | $4,521 | $0 | $220,826 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | RONALD MILLER AND GREGORY C. POSTEL WERE PROVIDED TAX GROSS-UP PAYMENTS RELATED TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. THESE GROSS-UPS WERE CALCULATED AND PAID IN ACCORDANCE WITH EMPLOYEE CONTRACTS. ALL TAX GROSS-UPS WERE REPORTED AND TAXED ACCORDINGLY. |
| PART I, LINE 3 | THE BOARD OF DIRECTORS APPROVED COMPENSATION OF THE INTERIM EXECUTIVE DIRECTOR & COO. |
| PART I, LINE 4B | THE FOLLOWING AMOUNTS RELATING TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WERE PAID BY THE UNIVERSITY OF LOUISVILLE FOUNDATION DURING CALENDAR YEAR 2017: GREGORY C. POSTEL - $188,051 RONALD MILLER - $169,916 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DONNA HEITZMAN | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | MEMBER OF BOARD OF DIRECTORS OF STOCK YARDS BANK & TRUST COMPANY | RelationshipDescriptionTxt |
| Transaction | $268,227 | TransactionAmt |
| Transaction | PART V - THE FOUNDATION ENTERED INTO A FORBEARANCE AGREEMENT WITH STOCK YARDS BANK & TRUST COMPANY (SYB) IN RELATION TO A GUARANTY OF PAYMENT AGREEMENT. THE FOUNDATION MADE MONTHLY PAYMENTS TO SYB IN ACCORDANCE WITH THE FORBEARANCE AGREEMENT. DONNA HEITZMAN RECUSED HERSELF FROM ALL BOARD MEETING DISCUSSIONS REGARDING SYB. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,714,194 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET AND DONOR VALUE | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $134,238 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | DONOR VALUE | MethodOfDeterminingRevenuesTxt |
Food Inventory FoodInventoryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 12 | ContributionCnt |
| Noncash Contributions Rpt F990 | $37,435 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | DONOR VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT & SUPPLIES | 17 | $523,020 | MARKET AND DONOR VAL |
| Yes (X) | MISCELLANEOUS | 33 | $49,174 | DONOR VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | ART - WORKS OF ART - NUMBER OF CONTRIBUTIONS BOOKS AND PUBLICATIONS - NUMBER OF CONTRIBUTIONS FOOD INVENTORY - NUMBER OF CONTRIBUTIONS OTHER - EQUIPMENT - NUMBER OF CONTRIBUTIONS OTHER - IT - NUMBER OF CONTRIBUTIONS OTHER - MISCELLANEOUS - NUMBER OF CONTRIBUTIONS |
| PART I, LINE 32B: | THE FOUNDATION OCCASIONALLY USES REAL ESTATE AGENTS TO SELL REAL PROPERTY, PROFESSIONAL ART DEALERS TO SELL ARTWORK, AND A BANKING INSTITUTION TO SELL SECURITIES. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE FOUNDATION'S ARTICLES OF INCORPORATION WERE AMENDED AND RESTATED IN THEIR ENTIRETY TO, AMONG OTHER CHANGES, REFLECT CHANGES TO VARIOUS GOVERNING AGREEMENTS BETWEEN THE FOUNDATION AND THE UNIVERSITY OF LOUISVILLE (THE UNIVERSITY). WHILE NO SUBSTANTIVE CHANGES WERE MADE TO THE FOUNDATION'S PURPOSES, POWERS AND PROHIBITED ACTIVITIES, THESE PROVISIONS WERE RESTRUCTURED TO MIRROR CURRENT DRAFTING PRACTICES AND TO PROVIDE A MORE SPECIFIC STATEMENT OF THE FOUNDATION'S COMMITMENT TO INVEST AND MANAGE FUNDS ON BEHALF OF THE UNIVERSITY. THE ARTICLES WERE UPDATED TO CLARIFY THAT THE FOUNDATION DOES NOT, AND WILL NOT, HAVE ANY CORPORATE MEMBERS. THE FOUNDATION ADDED PROVISIONS CONCERNING THE MAKE-UP OF ITS BOARD OF DIRECTORS CONSISTENT WITH ITS AGREEMENTS WITH THE UNIVERSITY. RATHER THAN ADDRESS INDEMNIFICATION IN THE ARTICLES, THE FOUNDATION SHIFTED THOSE PROVISIONS TO ITS BYLAWS CONSISTENT WITH KRS 273.171(14). MOVING FORWARD, THE FOUNDATION'S ARTICLES MAY ONLY BE AMENDED WITH THE APPROVAL OF TWO-THIRDS OF THE BOARD OF DIRECTORS. THE FOUNDATION'S BYLAWS WERE UPDATED IN MARCH 2018 TO, AMONG OTHER CHANGES, REFLECT CHANGES TO VARIOUS GOVERNING AGREEMENTS BETWEEN THE FOUNDATION AND THE UNIVERSITY. THESE BYLAWS REVISE THE EXECUTIVE SESSION AND QUORUM PROVISIONS TO MAKE CLEAR THAT THE FOUNDATION WILL COMPLY FULLY WITH THE KENTUCKY OPEN MEETINGS ACT. THE FOUNDATION HAS CLARIFIED THAT IT WILL DETERMINE QUORUM BASED ON THE NUMBER OF DIRECTORS THEN IN OFFICE RATHER THAN ON ALL BOARD SEATS. INDEMNIFICATION PROVISIONS WERE SHIFTED FROM THE ARTICLES OF INCORPORATION TO THE BYLAWS AND UPDATED. ALL REVISIONS TO THE GOVERNING DOCUMENTS WERE REVIEWED AND APPROVED BY THE FOUNDATION'S GOVERNANCE AND ORGANIZATIONAL STRUCTURE COMMITTEE BEFORE BEING PROPOSED FOR APPROVAL TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE RETURN IS FIRST REVIEWED BY UNIVERSITY OF LOUISVILLE FOUNDATION, INC. STAFF INCLUDING THE MANAGER OF INVESTMENT AND TAX REPORTING, DIRECTOR OF FOUNDATION ACCOUNTING, AND INTERIM EXECUTIVE DIRECTOR & CHIEF OPERATING OFFICER. THE FULL BOARD OF DIRECTORS RECEIVED THE RETURN PRIOR TO FILING AND WERE INVITED TO ATTEND 990 WORKSHOPS. THESE WORKSHOPS PROVIDED AN OPPORTUNITY FOR REVIEW OF THE 990, QUESTIONS, ANSWERS, AND EXPLANATIONS OF THE FORM. |
| 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. 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 FOUNDATION OR 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. SINCE SEPTEMBER 2017, BOARD/COMMITTEE CHAIRS HAVE STATED THE FOLLOWING AT THE BEGINNING OF EACH MEETING: AS CHAIR IT IS MY RESPONSIBILITY TO REMIND ALL MEMBERS OF THE BOARD OF THEIR RESPONSIBILITY TO AVOID CONFLICTS OF INTEREST AND EVEN APPEARANCE OF CONFLICTS OF INTEREST. EACH MEMBER HAS RECEIVED THE AGENDA AND RELATED INFORMATION FOR THIS BOARD MEETING. IF ANY BOARD MEMBER KNOWS OF ANY CONFLICTS OF INTEREST OR APPEARANCE OF CONFLICTS OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD AT THIS MEETING TODAY, PLEASE IDENTIFY THE CONFLICT OR APPEARANCE OF CONFLICT AT THIS TIME. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S FINANCIAL STATEMENTS, FORMS 990, AND BOARD MINUTES ARE AVAILABLE AT WWW.LOUISVILLEFOUNDATION.ORG. ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VIII, LINE 11D | ACTUARIAL LOSS ON ANNUITY AND TRUST OBLIGATIONS AND PRESENT VALUE DISCOUNT OF $(409,370) IS INCLUDED IN OTHER REVENUE. |
| FORM 990, PART VI, SECTION B, LINE 16B | THE ORGANIZATION'S PRACTICE IS TO OBTAIN BOARD APPROVAL PRIOR TO ENTERING INTO A JOINT VENTURE. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF LOUISVILLE DEVELOPMENT CORPORATION LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 263416894 | REAL ESTATE | KY | -$46,674 | $8,710,462 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
| METACYTE EQUITY HOLDINGS LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | HOLDING COMPANY (INACTIVE) | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE FOUNDATION INC | |
| MINERVA-LOUISVILLE LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 455604157 | ADMINISTRATIVE - DISSOLVED 6/30/18 | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
| CCG-LOUISVILLE LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 463848960 | GOLF COURSE | KY | $1,738,036 | $9,395,496 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
| DCPA LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 472587366 | ADMINISTRATIVE | KY | $0 | $178 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY HOLDINGS INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 262258318 | MANAGEMENT SERVICES - DISSOLVED 6/30/18 | KY | 501(C)(3) | LINE 12B, II | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Yes (1) |
| ULH INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 310926171 | STUDENT HOUSING | KY | 501(C)(3) | LINE 12B, II | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Yes (1) |
| THE NUCLEUS REAL PROPERTIES INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 463070346 | REAL ESTATE | KY | 501(C)(3) | LINE 12B, II | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Yes (1) |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAMPUS ONE LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 N HURSTBOURNE PKWY STE 300 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40222 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273900405 | EIN |
| Primary Activities | REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | KY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF LOUISVILLE DEVELOPMENT CORPORATION LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | UNRELATED | PredominantIncomeTypeTxt |
| Share Of Total Income | $30,965 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $7,356,047 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.51000 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| METACYTE BUSINESS LAB LLC | |||||||||||||
| 215 CENTRAL AVE SUITE 212 | LOUISVILLE | KY | 40208 | 161657492 | RESEARCH | KY | UNIVERSITY OF LOUISVILLE FOUNDATION INC | C | $109,778 | $79,526 | 1.00000 | Yes (1) | |
| CHARITABLE REMAINDER TRUSTS (14) | |||||||||||||
| INVESTMENTS | KY | T | 0 | N/A | |||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (10 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| THE NUCLEUS REAL PROPERTIES INC | ||
| D | $16,160,194 | LOAN BALANCE |
| THE NUCLEUS REAL PROPERTIES INC | ||
| C | $1,192,780 | AMOUNT RECEIVED & ACCRUED |
| THE NUCLEUS REAL PROPERTIES INC | ||
| A | $161,600 | AMOUNT RECEIVED & ACCRUED |
| ULH INC | ||
| D | $12,761,628 | LOAN BALANCE AND INTEREST ACCRUED |
| ULH INC | ||
| A | $1,280,867 | AMOUNT RECEIVED |
| ULH INC | ||
| Q | $50,000 | AMOUNT RECEIVED |
| ULH INC | ||
| S | $625,266 | AMOUNT RECEIVED |
| CAMPUS ONE LLC | ||
| B | $57,346 | AMOUNT REMITTED |
| CAMPUS ONE LLC | ||
| C | $306,000 | AMOUNT RECEIVED |
| METACYTE BUSINESS LAB LLC | ||
| C | $114,395 | AMOUNT RECEIVED |
Comments