2018-05-14T19:03:25-05:00 2017-06-30 350921680 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2016-07-01 611029626 University of Louisville Research Foundation UNIV 5028527072 UofL Controllers Office Louisville KY 40292 Susan I Howarth Vice President 2018-05-14 true Rachel Spurlock P00520729 5023263996 2016 2022-09-23 18:48:47Z Gregory C Postel 2301 S Third Street Louisville KY 40292 411495486 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. 18 10 0 40 0 0 172640537 160306501 237697669 248225223 27399 -2534 484313 1831383 410849918 410360573 43023600 42797665 0 0 0 0 378593879 379693460 421617479 422491125 -10767561 -12130552 116462761 105868858 54509861 56046510 61952900 49822348 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 411015493 42797665 249932526 In Fiscal Year 2017, the University of Louisville Research Foundation (ULRF) continued to expand and diversify its research portfolio in all categories. ULRF received 931 awards for $147.8 million which included $102.6 million from the federal government, $20.8 million from industry, $8.5 million from foundations, and $14.8 million from the Commonwealth of Kentucky. Basic research included a wide range of topics: green chemistry, rare earth oxides as photovoltaics, and pioneering research in spinal cord injury. A key element of ULRF's research portfolio is the translation of research into marketable commercial applications. ULRF is one of very few public research organizations in the country to be awarded three prestigious commercialization grants: the Coulter award, NSF I Corps Site program, and the NIH ExCITE program. These programs continued in Fiscal Year 2017. Other translational efforts included: novel therapies in alcoholic hepatitis, North American clinical trial network for spinal cord injury, and prevention of neonatal abstinence syndrome. In addition to basic and translational research, ULRF is also making significant contributions to improve the quality of life for people in both the local area and globally. The wide ranging programs include: survivors of torture recovery center, Kentucky environmental sustainability program, additive manufacturing workforce development, community based dental partnership, HIV services for women and youth, and trauma services for refugee and immigrant families. 411015493 true true false false false 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 461 0 true 0 false false false false false false false false false false X 18 10 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 Ron Butt CFP Chair 7/30 - 11/29/16; Director 7/30/16 - 1/12/17 0.5 0 X X 0 0 0 Emily Bingham PhD Treasurer 7/30 - 11/29/16; Chair 11/29/16 - 1/12/17 0.5 0 X X 0 0 0 James M Rogers Chairman Pro Tem from 3/27/17 0.5 0.5 X X 0 0 0 Jonathan Blue Vice Chair 7/30/16 - 1/12/17 0.5 0 X X 0 0 0 Sandra Frazier Director 7/1-7/29/16 & Vice Chair Pro Tem from 3/27/17 0.5 0 X X 0 0 0 Dr James R Ramsey President 7/1 - 7/29/16 0.5 49.5 X X 0 720245 220322 Neville G Pinto PhD Vice President 7/1 - 7/29/16; President 7/30/16 - 1/21/17 0.5 49.5 X X 0 521839 47014 Gregory C Postel MD President from 1/21/17 0.5 49.5 X X 0 927925 45723 William M Pierce Jr PhD Vice President 0.5 49.5 X X 0 337317 46934 Harlan M Sands JD VP 7/1 - 11/29/16; VP & Asst Treas 11/29/16 - 1/7/17 0.5 49.5 X X 0 374449 44973 Dale B Billingsley PhD Vice Pres from 11/29/16 0.5 49.5 X X 0 274059 47447 David J Adams Vice Pres from 3/27/17 0.5 49.5 X X 0 10000 0 Susan I Howarth Vice Pres from 3/27/17 0.5 49.5 X X 0 227416 34152 Pamela A Feldhoff PhD Secretary 7/1 - 9/9/16 0.5 49.5 X X 0 120197 23878 Prof Enid Trucios-Haynes Secretary 11/29/16 - 3/27/17; Treasurer Pro Tem from 3/27/17 0.5 49.5 X X 0 178657 32488 Bonita K Black JD Secretary Pro Tem from 3/27/17 0.5 0 X X 0 0 0 Bruce Henderson Treasurer 11/29/16 - 1/12/17 0.5 0 X X 0 0 0 Marie Abrams Director 7/30/16 - 1/12/17 0.5 0 X 0 0 0 William W Armstrong Director 0.5 49.5 X 0 66615 24895 Robert P Benson Jr MD Director 7/30/16 - 1/12/17 0.5 0 X 0 0 0 Laurence Benz Director 7/30/16 - 1/12/17 0.5 0 X 0 0 0 Dale J Boden Director 7/1-7/29/16 & from 1/13/17 0.5 0 X 0 0 0 Ulysses L Bridgeman Jr Director 7/1-7/29/16 & 1/13 - 2/10/17 0.5 0.5 X 0 0 0 Stephen Paul Campbell Director 7/30/16 - 1/12/17 0.5 0 X 0 0 0 Brian A Cromer JD Director 7/1-7/29/16 & from 1/13/17 0.5 0.5 X 0 0 0 Craig Greenberg JD Director 7/30/16 - 1/12/17 0.5 0 X 0 0 0 J David Grissom Director 7/1-7/29/16 & from 1/13/17 0.5 0 X 0 0 0 Douglas Hall Director 7/30/16 - 1/12/17 0.5 0.5 X 0 0 0 Larry Hayes Director 7/30/16 - 1/12/17 0.5 0 X 0 0 0 Robert Curtis Hughes MD Director 7/30/16 - 1/12/17 0.5 0 X 0 0 0 Diane B Medley Director 7/1-7/29/16 & from 1/13/17 0.5 0 X 0 0 0 Brucie Moore JD Director 7/30/16 - 1/12/17 0.5 0 X 0 0 0 Joseph W Prather II MD Director 7/30/16 - 1/12/17 0.5 0.5 X 0 0 0 Nitin Sahney Director 7/1-7/29/16 & from 1/13/17 0.5 0 X 0 0 0 John H Schnatter Director 7/1-7/29/16 & from 1/13/17 0.5 0 X 0 0 0 William E Summers IV Director 7/30/16 - 1/12/17 0.5 0 X 0 0 0 Aaron T Vance Director 0.5 9.5 X 0 4556 0 Ronald L Wright Director 7/1-7/29/16 & from 1/13/17 0.5 0 X 0 0 0 Kyle J Beamer Assistant Secretary 0.5 49.5 X 0 54839 17169 Leslie C Strohm Legal Counsel from 11/29/2016 0.5 49.5 X 0 370977 35814 Kathleen M Smith Former Asst. Secretary 50.0 X 0 141440 30555 Mitchell H Payne JD Former Chief Business Officer 50.0 X 0 218351 33532 David L Dunn MD Former Vice President 0.0 50.0 X 0 1919276 37636 Robert H Staat MD Former Treasurer 50.0 X 0 128184 31103 Shirley C Willihnganz PhD Former Vice President 0.0 50.0 X 0 269830 46309 0 6866172 799944 0 true true false UNIVERSITY OF LOUISVILLE PHYSICIANS 300 EAST MARKET STREET LOUISVILLE KY 40202 MEDICAL/HEALTHCARE 17250902 WKU RESEARCH FOUNDATION WESTERN KY UNIV 1906 COLLEGE HTS BLVD BOWLING GREEN KY 42101 RESEARCH SERVICES 938061 UNIV OF KENTUCKY RESEARCH FDN 301 PETERSON SVC BLDG LEXINGTON KY 40506 RESEARCH SERVICES 863178 BAPTIST HEALTH MADISONVILLE 900 HOSPITAL DR MADISONVILLE KY 42431 MEDICAL SERVICES 842523 JEWISH HOSPITAL HEALTHCARE 200 ABRAHAM FLEXNER WAY LOUISVILLE KY 40202 MEDICAL SERVICES 676283 65 140892924 19413577 160306501 Clinical Services 541700 245133977 245133977 Other Research Projects 541700 3029267 3029267 Conferences and training 541700 61979 61979 0 0 0 0 248225223 7874 7874 119034 119034 5046 0 5046 0 5046 5046 57075 0 0 67483 57075 -67483 -10408 -10408 872977 1067430 -194453 -194453 Miscellaneous 900099 1901756 1901756 0 0 0 0 1901756 410360573 249932526 0 121546 X 91100 91100 42706565 42706565 1374425 1056409 318016 38745 38745 325277397 317170268 8107129 0 394096 319563 74533 1259065 1204345 54720 3725748 3520423 205325 101347 101347 2422745 2291742 131003 4386644 4304320 82324 6263432 6092898 170534 7072084 7072084 955133 942247 12886 F&A services and other transfers 6970957 4793671 2177286 Laboratory Supplies and Expenses 14299029 14287198 11831 Small Equipment Purchases and Rentals 736323 719228 17095 Licenses, Permits, and Fees 1128934 1110076 18858 3287356 3193264 94092 0 422491125 411015493 11475632 0 5779 5980 49048558 36729730 0 0 0 716987 6667668 394608 454686 158585080 96858608 65988864 61726472 2113 2113 0 305852 282209 116462761 105868858 13275301 16014416 2011372 2609133 39223188 37422961 54509861 56046510 X 61952900 49822348 61952900 49822348 116462761 105868858 -12130552 0 X false true X true true true X 156299277 155127522 174255006 172640537 160306501 818628843 0 0 156299277 155127522 174255006 172640537 160306501 818628843 0 818628843 382946 3893151 196814 170432 131954 4775297 0 0 0 0 0 0 0 0 0 0 0 0 823404140 1113365945 0.9942 0.9942 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 351695 351695 70726880 20107161 50619719 818024 720060 97964 85477946 75888475 9589471 1210535 142912 1067623 61726472 Due to University of Louisville 21909849 Allocated Post Employment Benefits 15513112 37422961 410622510 0 0 410622510 -261937 -261937 410360573 422753062 261937 261937 422491125 0 0 422491125 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 - -194454 RECLASS LOSS ON ASSET DISPOSALS TO PART VIII - -67483 - 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 - 194454 RECLASS LOSS ON ASSET DISPOSALS TO PART VIII - 67483 true SHAPING OUR APPALACHIAN REGION 137 MAIN ST STE 300 PIKEVILLE KY 41501 371760428 501(C)(3) 51000 SPONSORSHIP JEWISH HOSPITAL & ST MARYS FOUNDATION 250 E LIBERTY ST STE 500 LOUISVILLE KY 40202 611029768 501(C)(3) 30000 SPONSORSHIP CHILDRENS HOSPITAL FOUNDATION 234 E GRAY ST STE 450 LOUISVILLE KY 40202 616027530 501(C)(3) 6500 SPONSORSHIP ACADEMY OF CARDIOVASCULAR SCIENCES FOUNDATION PO BOX 4658 COVINGTON LA 70434 200023370 501(C)(3) 6000 SPONSORSHIP 4 0 SCHOLARSHIPS, FELLOWSHIPS FINANCIAL AID, AWARDS 11108 42706565 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. true true false false false false false false David L Dunn MD Former Vice President 0 767933 0 0 0 1151343 0 26125 0 11511 0 1956912 0 0 Robert H Staat MD Former Treasurer 0 124476 0 0 0 3708 0 12955 0 18148 0 159287 0 0 Shirley C Willihnganz PhD Former Vice President 0 268642 0 0 0 1188 0 30027 0 16282 0 316139 0 0 Dr James R Ramsey President 7/1 - 7/29/16 0 205514 0 0 0 514731 0 209501 0 10821 0 940567 0 0 Neville G Pinto PhD Vice President 7/1 - 7/29/16; President 7/30/16 - 1/21/17 0 504222 0 0 0 17617 0 26125 0 20889 0 568853 0 0 Gregory C Postel MD President from 1/21/17 0 927342 0 0 0 583 0 29000 0 16723 0 973648 0 0 William M Pierce Jr PhD Vice President 0 321727 0 0 0 15590 0 32553 0 14381 0 384251 0 0 Harlan M Sands JD VP 7/1 - 11/29/16; VP & Asst Treas 11/29/16 - 1/7/17 0 352604 0 0 0 21845 0 26500 0 18473 0 419422 0 0 Dale B Billingsley PhD Vice Pres from 11/29/16 0 271773 0 0 0 2286 0 28031 0 19416 0 321506 0 0 Susan I Howarth Vice Pres from 3/27/17 0 214377 0 0 0 13039 0 21632 0 12520 0 261568 0 0 Prof Enid Trucios-Haynes Secretary 11/29/16 - 3/27/17; Treasurer Pro Tem from 3/27/17 0 177883 0 0 0 774 0 16549 0 15939 0 211145 0 0 Kathleen M Smith Former Asst. Secretary 0 139916 0 0 0 1524 0 16716 0 13839 0 171995 0 0 Mitchell H Payne JD Former Chief Business Officer 0 216065 0 0 0 2286 0 21012 0 12520 0 251883 0 0 Leslie C Strohm Legal Counsel from 11/29/2016 0 357789 0 12000 0 1188 0 19875 0 15939 0 406791 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment David Dunn - $1,150,000 settlement payment from the University of Louisville James Ramsey - $507,542 settlement payments from the University of Louisville Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan James Ramsey - $183,000 deferred compensation payable in 2017 per settlement agreement with University of Louisville. 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 VII, Section A, Line 1a Reportable Compensation Amounts reported on Part VII and on Schedule J include only compensation paid by its controlling parent, the University of Louisville. The reported amounts do not include compensation paid by the University of Louisville Foundation, which is unrelated to the filing organization for Form 990 reporting purposes. 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: 6703724, Fundraising Expenses: ; Research Subcontracting - Total Expense: 10845607, Program Service Expense: 10845607, Management and General Expenses: , Fundraising Expenses: ; Medical Subcontracting - Total Expense: 38220886, Program Service Expense: 38220886, Management and General Expenses: , Fundraising Expenses: ; Other consulting and services - Total Expense: 5985764, Program Service Expense: 4582359, Management and General Expenses: 1403405, 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 OF LOUISVILLE MEDICAL SCHOOL FUND INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 610888729 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 false false false false false false false false false false true false false true true true false false false