UNIVERSITY OF LOUISVILLE FOUNDATION INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF LOUISVILLE FOUNDATION INC (EIN 23-7078461)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-15
- IRS object ID
- 201731359349309518
- Schema version
- 2015v3.0
- 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 M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-15T15:04:05-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE HORWATH LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9600 Brownsboro Road | AddressLine1Txt |
| Address Line2 | Suite 400 | AddressLine2Txt |
| City | Louisville | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 402411122 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | 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 Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 5028525406 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 Central Avenue 304 | AddressLine1Txt |
| City | Louisville | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jason Tomlinson | PersonNm |
| Person Title | CFO & Assistant Treasurer | PersonTitleTxt |
| Signature | 2017-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Rachel Spurlock | PreparerPersonNm |
| PTIN | P00520729 | PTIN |
| Phone | 5023263996 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JASON TOMLINSON | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 Central Avenue | AddressLine1Txt |
| City | Louisville | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $265,440,671 | GrossReceiptsAmt |
| Group Return For Affiliates | false | 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 UNIVERSITY OF LOUISVILLE FOUNDATION (FOUNDATION) SUPPORTS THE UNIVERSITY OF LOUISVILLE (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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 20 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $2,179,084 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$3,250,149 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $49,350,665 | PYContributionsGrantsAmt |
| CY Contributions Grants | $54,953,917 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $19,944,131 | PYInvestmentIncomeAmt |
| CY Investment Income | $17,381,300 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$2,753,899 | PYOtherRevenueAmt |
| CY Other Revenue | -$1,279,582 | CYOtherRevenueAmt |
| PY Total Revenue | $66,540,897 | PYTotalRevenueAmt |
| CY Total Revenue | $71,055,635 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $88,031,071 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $135,091,559 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,950,171 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,330,816 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,352,567 | PYOtherExpensesAmt |
| CY Other Expenses | $14,257,560 | CYOtherExpensesAmt |
| PY Total Expenses | $104,333,809 | PYTotalExpensesAmt |
| CY Total Expenses | $152,679,935 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$37,792,912 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$81,624,300 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $999,507,630 | TotalAssetsBOYAmt |
| Total Assets EOY | $870,000,371 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $145,885,242 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $118,353,941 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $853,622,388 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $751,646,430 | NetAssetsOrFundBalancesEOYAmt |
| 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. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $146,227,740 | ExpenseAmt |
| Grant | $135,091,559 | GrantAmt |
| Revenue | $1,037,629 | 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. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION. 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 MEDICAL PROFESSIONALS RECEIVE WORLD-CLASS TRAINING IN EMERGENCY PREPAREDNESS. 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 SO THAT STUDENTS CAN CONTINUE TO BECOME ACADEMICS, ATHLETES AND CITIZENS OF THE COMMUNITY. THIS IS WHY THE FOUNDATION ENCOURAGES SCHOLARSHIP PROGRAMS THAT SERVE BOTH FINANCIAL AND ENRICHMENT PURPOSES. THE FOUNDATION IS COMMITTED TO THE COMMUNITY AND ENCOURAGES THE UNIVERSITY TO PROVIDE SERVICE AND OUTREACH. UNIVERSITY STUDENTS DONATE MORE THAN 200,000 HOURS OF SERVICE EVERY YEAR AND RAISE THOUSANDS OF DOLLARS FOR LOCAL CHARITIES AND ORGANIZATIONS. THE FOUNDATION INVESTS IN COMMUNITY PROGRAMS AND PARTNERSHIPS, INCLUDING THOSE FOR MILITARY FAMILIES AND YOUNG ENTREPRENEURS. | Desc |
| Total Program Service Expenses | $146,227,740 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (true) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 59 | IRPDocumentCnt |
| IRP Document W2 G | 10 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 20 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | 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 | Jason Tomlinson | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5028525406 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 Central Avenue Suite 304 | AddressLine1Txt |
| City | Louisville | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Dr James R Ramsey | ||||||||
| President | 12.0 | 3.0 | Yes (X) | Yes (X) | $1,521,400 | $0 | $237,500 | |
| Robert Curtis Hughes MD | ||||||||
| Chairman | 0.5 | 1.5 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Joyce Hagen | ||||||||
| Vice Chair | 0.5 | 1.5 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Ulysses L Bridgeman Jr | ||||||||
| Treasurer | 0.5 | 1.5 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Frank Weisberg | ||||||||
| Secretary | 0.5 | 1.5 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Dr William Selvidge | ||||||||
| Director | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Jonathan Blue | ||||||||
| Director | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Laurence Benz | ||||||||
| Director | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Rebecca Jackson | ||||||||
| Director (until 1/28/2016) | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Frank Minnifield | ||||||||
| Director | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Brucie Moore JD | ||||||||
| Director | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Charles Denny | ||||||||
| Director | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Dr Salem George | ||||||||
| Director | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Margaret Handmaker | ||||||||
| Director | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Dr Mark Lynn | ||||||||
| Director | 0.5 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| Shirley C Willihnganz PhD | ||||||||
| Executive Vice President (Until 10/1/15) | 9.0 | 1.0 | Yes (X) | $662,125 | $0 | $0 | ||
| Kathleen M Smith | ||||||||
| Assistant Secretary | 8.0 | 6.0 | Yes (X) | $357,584 | $51,100 | $83,333 | ||
| JASON Tomlinson | ||||||||
| CFO/Assistant Treasurer | 15.0 | 25.0 | Yes (X) | $260,226 | $41,766 | $0 | ||
| Neville G Pinto PhD | ||||||||
| Executive Vice President (as of 10/1/2015) | 13.0 | 5.0 | Yes (X) | $0 | $0 | $0 | ||
| Thomas M Jurich | ||||||||
| Athletic Director (ULAA) | 1.0 | 0 | $259,756 | $0 | $678,571 | Yes (X) | ||
| Vickie Yates Brown Glisson | ||||||||
| President/CEO - Nucleus (until 2/29/2016) | 35.0 | 5.0 | $339,197 | $0 | $0 | Yes (X) | ||
| Ronald Kevin Miller | ||||||||
| Exec. Senior Assoc. Athletic Director (ULAA) | 1.0 | 0 | $139,998 | $0 | $0 | Yes (X) | ||
| Dr Donald M Miller | ||||||||
| Director, James Graham Brown Cancer Center | 5.0 | 0 | $228,530 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,768,816 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $92,866 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $999,404 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | 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 | $1,263,262 |
| EXTREME PROPERTY MANAGEMENT LLC | |||||
| 6300 POPLAR TREE CT SUITE A | LOUISVILLE | KY | 40228 | PROPERTY MANAGEMENT | $536,890 |
| STITES AND HARBISON PLLC | |||||
| 400 WEST MARKET ST SUITE 1800 | LOUISVILLE | KY | 40202 | LEGAL CONSULTING | $329,956 |
| FROST BROWN TODD | |||||
| 400 WEST MARKET ST SUITE 3200 | LOUISVILLE | KY | 40202 | LEGAL CONSULTING | $233,043 |
| SANDS CAPITAL MANAGEMENT LLC | |||||
| 1011 WILSON BLVD SUITE 2300 | ARLINGTON | VA | 22209 | INVESTMENT MANAGEMENT | $185,511 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| All Other Contributions | $54,953,917 | AllOtherContributionsAmt |
| Noncash Contributions | $9,393,388 | NoncashContributionsAmt |
| Total Contributions | $54,953,917 | TotalContributionsAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,713,368 | TotalRevenueColumnAmt |
| Exclusion | $9,713,368 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,895,406 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $6,391,701 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$4,496,295 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$4,496,295 | TotalRevenueColumnAmt |
| Exclusion | -$4,496,295 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $195,661,267 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $187,993,335 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,667,932 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,667,932 | TotalRevenueColumnAmt |
| Exclusion | $7,667,932 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| GOLF COURSE REVENUE | 900099 | $2,179,084 | $2,179,084 | |
| PROFESSIONAL FEES AND SERVICES | 611710 | $750,874 | $750,874 | |
| ACTUARIAL LOSS ON ANNUITY AND TRUST OBLIGATIONS | 525990 | $171,291 | $171,291 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $115,464 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $115,464 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,216,713 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $71,055,635 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,037,629 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,179,084 | UnrelatedBusinessRevenueAmt |
| Exclusion | $12,885,005 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,091,559 | TotalAmt |
| Program Services | $135,091,559 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,148,976 | TotalAmt |
| Management And General | $1,148,976 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,233,423 | TotalAmt |
| Program Services | $149,467 | ProgramServicesAmt |
| Management And General | $1,083,956 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,024 | TotalAmt |
| Program Services | $17,037 | ProgramServicesAmt |
| Management And General | $4,987 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $926,393 | TotalAmt |
| Program Services | $11,941 | ProgramServicesAmt |
| Management And General | $914,452 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,020,052 | TotalAmt |
| Management And General | $1,020,052 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,244 | TotalAmt |
| Management And General | $127,244 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,271,406 | TotalAmt |
| Program Services | $1,271,406 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $513,545 | TotalAmt |
| Program Services | $430,818 | ProgramServicesAmt |
| Management And General | $82,727 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,114,009 | TotalAmt |
| Program Services | $3,069,502 | ProgramServicesAmt |
| Management And General | $44,507 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,762 | TotalAmt |
| Management And General | $31,762 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,882 | TotalAmt |
| Management And General | $30,882 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,094,531 | TotalAmt |
| Program Services | $286,291 | ProgramServicesAmt |
| Management And General | $808,240 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,070 | TotalAmt |
| Program Services | $124,733 | ProgramServicesAmt |
| Management And General | $337 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,222,786 | TotalAmt |
| Program Services | $3,133,558 | ProgramServicesAmt |
| Management And General | $89,228 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $351,436 | TotalAmt |
| Program Services | $20,864 | ProgramServicesAmt |
| Management And General | $330,572 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,979 | TotalAmt |
| Management And General | $69,979 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CHANGE IN PLEDGE RESERVE | $951,118 | $951,118 | |
| ANNUITANT PAYMENTS | $747,158 | $747,158 | |
| CATERING | $539,107 | $539,107 | |
| INSTRUCTIONAL & TRAINING | $46,365 | $37,296 | $9,069 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,001,110 | TotalAmt |
| Program Services | $884,992 | ProgramServicesAmt |
| Management And General | $116,118 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,679,935 | TotalAmt |
| Program Services | $146,227,740 | ProgramServicesAmt |
| Management And General | $6,452,195 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,076 | BOYAmt |
| EOY | $800 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,140,328 | BOYAmt |
| EOY | $5,343,118 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,913,077 | BOYAmt |
| EOY | $39,204,211 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,662,359 | BOYAmt |
| EOY | $361,662 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,817,022 | BOYAmt |
| EOY | $45,225,202 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,820 | BOYAmt |
| EOY | $104,645 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,957 | BOYAmt |
| EOY | $439,080 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $59,642,239 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $23,066,329 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,038,499 | BOYAmt |
| EOY | $36,575,910 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,795,933 | BOYAmt |
| EOY | $114,689,085 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $595,346,875 | BOYAmt |
| EOY | $526,079,029 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,412,684 | BOYAmt |
| EOY | $101,977,629 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $999,507,630 | BOYAmt |
| EOY | $870,000,371 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,643,115 | BOYAmt |
| EOY | $2,171,238 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,034,392 | BOYAmt |
| EOY | $5,149,365 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,657,073 | BOYAmt |
| EOY | $34,187,239 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,930,940 | BOYAmt |
| EOY | $39,930,940 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,619,722 | BOYAmt |
| EOY | $36,915,159 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,885,242 | BOYAmt |
| EOY | $118,353,941 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,484,053 | BOYAmt |
| EOY | $24,716,757 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,607,623 | BOYAmt |
| EOY | $277,411,534 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $443,530,712 | BOYAmt |
| EOY | $449,518,139 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $853,622,388 | BOYAmt |
| EOY | $751,646,430 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $999,507,630 | BOYAmt |
| EOY | $870,000,371 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$81,624,300 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$20,262,526 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $1,073,510 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$1,162,642 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | 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 | $55,949,088 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $39,479,546 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $50,246,147 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $49,350,665 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $54,953,917 | CurrentTaxYearAmt |
| Total | $249,979,363 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $55,949,088 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $39,479,546 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $50,246,147 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $49,350,665 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $54,953,917 | CurrentTaxYearAmt |
| Total | $249,979,363 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $18,410,401 | SubstantialContributorsTotAmt |
| Public Support Total170 | $231,568,962 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,425,364 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,994,902 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,950,064 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,781,318 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,608,775 | CurrentTaxYearAmt |
| Total | $65,760,423 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $315,739,786 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $3,021,233 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.7334 | PublicSupportCY170Pct |
| Public Support PY170 | 0.7211 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| 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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $692,465,964 | BeginningYearBalanceAmt |
| Contributions | $14,975,035 | ContributionsAmt |
| Investment Earnings Or Losses | $67,557,303 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,966,865 | GrantsOrScholarshipsAmt |
| Other Expenditures | $23,280,375 | OtherExpendituresAmt |
| Administrative Expenses | $9,218,992 | AdministrativeExpensesAmt |
| End Year Balance | $734,532,070 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $739,226,249 | BeginningYearBalanceAmt |
| Contributions | $12,102,614 | ContributionsAmt |
| Investment Earnings Or Losses | -$22,742,518 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,729,819 | GrantsOrScholarshipsAmt |
| Other Expenditures | $21,996,263 | OtherExpendituresAmt |
| Administrative Expenses | $7,394,299 | AdministrativeExpensesAmt |
| End Year Balance | $692,465,964 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.0524 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.6083 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.3393 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,830,620 | OtherCostOrOtherBasisAmt |
| Book Value | $11,830,620 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,368,625 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,080,252 | DepreciationAmt |
| Book Value | $18,288,373 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,663,153 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,390,167 | DepreciationAmt |
| Book Value | $3,272,986 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,779,841 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,595,910 | DepreciationAmt |
| Book Value | $3,183,931 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $36,575,910 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Marketable Alternatives | $100,172,046 | F |
| Miscellaneous Investments | $1,737,652 | C |
| Equity Method Investments | -$1,148,467 | C |
| Investment in Partnerships | $425,317,798 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $526,079,029 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Other Assets | |
| Intercompany Receivables | $51,179,832 |
| Funds Held in Trust by Others | $50,797,797 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $101,977,629 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| Due to University of Louisville | $21,768,558 |
| Deferred Compensation | $9,027,252 |
| Annuities and Trusts Payable | $4,183,349 |
| Other Long-term Liabilities | |
| Deposits | |
| Guarantee Liability | $1,936,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $36,915,159 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part IV, Line 2b Explanation of escrow agreement | 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, 2016, the Foundation held approximately $25.9 million for the Association's investment purposes. During the year ended June 30, 2005, 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 healthcare services. As of June 30, 2016, the Foundation held approximately $8.0 million for Jewish Hospital's investment purposes. During the year ended June 30, 2011, 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, 2016, the Foundation held approximately $0.2 million 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. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | 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. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | THE FOUNDATION HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE EXEMPTING IT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION FILES TAX RETURNS IN THE US FEDERAL JURISDICTION. WITH A FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO US FEDERAL EXAMINATION BY TAX AUTHORITIES PRIOR TO FISCAL YEAR 2012. |
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 | $132,820,340 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Investments | $4,265,839 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $137,086,179 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $137,086,179 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 304 | LOUISVILLE | KY | 40208 | 472373203 | 501(C)(3) | $37,582,080 | FMV | LLC AND PARTNERSHIP MEMBERSHIP INTERESTS AND REAL PROPERTY | GENERAL SUPPORT | |
| UNIVERSITY OF LOUISVILLE | ||||||||||
| 2301 S 3RD STREET | LOUISVILLE | KY | 40208 | 611014882 | Section 115 | GENERAL SUPPORT | $97,509,479 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | The organization 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 in satisfaction of donor restrictions. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr James R Ramsey | ||||||||||||||
| President | $303,660 | $0 | $0 | $0 | $1,217,740 | $0 | $237,500 | $0 | $0 | $0 | $1,758,900 | $0 | $1,212,262 | $0 |
| Shirley C Willihnganz PhD | ||||||||||||||
| Executive Vice President (Until 10/1/15) | $51,839 | $0 | $0 | $0 | $610,286 | $0 | $0 | $0 | $0 | $0 | $662,125 | $0 | $598,809 | $0 |
| Kathleen M Smith | ||||||||||||||
| Assistant Secretary | $47,067 | $51,100 | $0 | $0 | $310,517 | $0 | $83,333 | $0 | $0 | $0 | $440,917 | $51,100 | $263,253 | $0 |
| JASON Tomlinson | ||||||||||||||
| CFO/Assistant Treasurer | $211,600 | $41,766 | $0 | $0 | $48,626 | $0 | $0 | $0 | $0 | $0 | $260,226 | $41,766 | $0 | $0 |
| Thomas M Jurich | ||||||||||||||
| Athletic Director (ULAA) | $259,756 | $0 | $0 | $0 | $0 | $0 | $678,571 | $0 | $0 | $0 | $938,327 | $0 | $0 | $0 |
| Vickie Yates Brown Glisson | ||||||||||||||
| President/CEO - Nucleus (until 2/29/2016) | $339,197 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $339,197 | $0 | $0 | $0 |
| Dr Donald M Miller | ||||||||||||||
| Director, James Graham Brown Cancer Center | $0 | $0 | $0 | $0 | $228,530 | $0 | $0 | $0 | $0 | $0 | $228,530 | $0 | $228,530 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Tax indemnification and gross-up payments | Dr. James Ramsey, Dr. Shirley Willihnganz, Kathleen Smith and Dr. Donald Miller were provided tax gross-up payments relating to a Section 457(f) nonqualified deferred compensation plan. These gross-ups were calculated and payable whenever as contributed under the plan were vested and became payable during 2015. All tax gross-ups were reported and taxed accordingly. Additionally, Dr. James Ramsey is provided tax gross-ups relating to premiums paid by the organization for a long-term care insurance benefit and a supplemental disability insurance benefit. These gross-ups are taxed accordingly. |
| Schedule J, Part I, Line 1a Health or social club dues or initiation fees | Country club dues are paid on behalf of Dr. James Ramsey. Membership is used to conduct the business of the organization. Logs are required to determine taxable compensation from country club dues in the event that any of the use is personal. |
| Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | THE FOLLOWING AMOUNTS RELATING TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WERE PAID OR VESTED BY THE FOUNDATION DURING CALENDAR YEAR 2015: DR. JAMES RAMSEY - $1,212,262 KATHLEEN SMITH - $263,253 DONALD MILLER - $228,530 PAYOUTS OF DEFERRED AMOUNTS INCLUDE TAX GROSS-UPS PAID BY THE FOUNDATION PURSUANT TO THE INDIVIDUAL'S EMPLOYMENT CONTRACT WITH THE FOUNDATION. IN ADDITION TO THE ABOVE, DEFERRED COMPENSATION WAS ACCRUED BY THE FOUNDATION ON BEHALF OF THE FOLLOWING INDIVIDUALS DURING THE CALENDAR YEAR: DR. JAMES RAMSEY - $237,500 KATHLEEN SMITH - $83,333 THOMAS JURICH - $678,571 THE COMPENSATION VESTS ON FUTURE DATES PROVIDED THE INDIVIDUALS REMAIN EMPLOYED ON THOSE VESTING DATES. |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 7 | ContributionCnt |
| Noncash Contributions Rpt F990 | $537,125 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $210,527 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Other | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $1,689 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Other | MethodOfDeterminingRevenuesTxt |
Real Estate Commercial RealEstateCommercialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $7,000,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Food Inventory FoodInventoryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $8,128 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Other - DONOR VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT | 15 | $1,533,330 | Other - DONOR VALUE |
| Yes (X) | INSTRUMENTS | 5 | $9,323 | Other - DONOR VALUE |
| Yes (X) | MISCELLANEOUS | 21 | $93,266 | Other - DONOR VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions | The Foundation occasionally uses real estate agents to sell real property and professional art dealers to sell artwork. |
| Schedule M, Part I Explanations of reporting method for number of contributions | Art - Works of art - NUMBER OF CONTRIBUTIONS Books and publications - NUMBER OF CONTRIBUTIONS Clothing and household goods - NUMBER OF CONTRIBUTIONS Real estate - Commercial - NUMBER OF CONTRIBUTIONS Food inventory - NUMBER OF CONTRIBUTIONS Other - EQUIPMENT NUMBER OF CONTRIBUTIONS Other - INSTRUMENTS NUMBER OF CONTRIBUTIONS Other - MISCELLANEOUS NUMBER OF CONTRIBUTIONS |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part V, Line 2b EMPLOYMENT TAX RETURNS | THE ORGANIZATION'S COMMON PAYMASTER, THE UNIVERSITY OF LOUISVILLE, FILES ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS ON BEHALF OF THE ORGANIZATION. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | The Executive Committee consists of five individuals all of whom are Directors of the University of Louisville Foundation, Inc. The Executive Committee may have and may exercise all of the authority of the Board, but may not have the authority of the Board in reference to amending, altering, or repealing the organization's By-Laws; electing, altering or removing any member of the Executive Committee itself nor any Director or officer of the organization; amending or restating the Articles of Incorporation; adopting a plan of merger, or adopting a plan of consolidation, with another corporation; authorizing the sale, lease, exchange or mortgage of substantially all of the property and assets of the organization; authorizing the voluntary dissolution of the organization or revoking proceedings therefor; adopting a plan for the distribution of the assets of the organization or amending, altering, or repealing any resolution of the Board which by its terms provides that it shall not be amended, altered or repealed by such Committee; or doing any other act forbidden by law or by the Articles of Incorporation. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | FOUNDATION FINANCE PERSONNEL AND AN OUTSIDE FIRM PREPARED THE RETURN. A COPY OF THE RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS 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 top management official 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. The above process was used in 2015. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | The officers receiving compensation through the Foundation were compensated through the board personnel committee. Their initial salaries and any subsequent adjustments were based on a study of comparable compensation for similarly qualified persons in comparable positions at similar organization. Any adjustments to salary also met the salary increase policy of University of Louisville. This process was last undertaken for calendar year 2015. |
| Form 990, Part VI, Line 19 Required documents available to the public | The organization's financial statements, Forms 990, conflict of interest policy, non-retaliation policy, document integrity policy, and whistleblower policy are available at www.louisvillefoundation.org. All governing documents are available upon request. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | MISCELLANEOUS - Total Revenue: 115464, Related or Exempt Function Revenue: 115464, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
| Form 990, Part XI, Line 8 PRIOR PERIOD ADJUSTMENT | In prior years, certain gift revenues were reflected in the Foundation's consolidated financial statements in unrestricted and temporarily restricted net assets, rather than in permanently restricted net assets, which also impacted the related contributions receivable and satisfaction of program restrictions. In addition, certain amounts related to depreciation, capital asset impairment, equity-method investments and deferred revenues were improperly calculated. Underwater endowment investments were not reclassified from temporarily restricted to unrestricted net assets. |
| Form 990, Part XI, Line 9 OTHER CHANGES - PRESENT VALUE DISCOUNT | THIS IS THE CHANGE IN THE PRESENT VALUE DISCOUNT THAT IS A COMPONENT OF THE AWARD LIABILITY. THE LIABILITY IS EQUAL TO THE PRESENT VALUE OF FUTURE AWARDS TO BE PAID. |
| Form 990, Part XI, Line 9 OTHER CHANGES - ACCRETION EXPENSE | THIS IS THE EXPENSE SIDE OF THE ASSET RETIREMENT OBLIGATION (ARO) WHICH REPRESENTS THE PRESENT VALUE OF FUTURE ASBESTOS ABATEMENT COSTS ATTRIBUTABLE TO FOUNDATION PROPERTIES. THE ARO WAS ELIMINATED AS A RESULT OF THE FOUNDATION TRANSFERRING THE PROPERTIES. |
| Form 990, Part XI, Line 9 OTHER CHANGES - LOSS CONTINGENCY | THIS IS AN ESTIMATED LOSS TO BE ACCRUED WHEN INFORMATION IS AVAILABLE PRIOR TO ISSUANCE OF FINANCIAL STATEMENTS INDICATING THAT IT IS PROBABLE THAT A LIABILITY HAD BEEN INCURRED AT THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | PRESENT VALUE DISCOUT - 488358; ACCRETION EXPENSE - 285000; LOSS CONTINGENCY - -1936000; |
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 304 | LOUISVILLE | KY | 40208 | 263416894 | REAL ESTATE | KY | -$2,925,178 | $8,581,395 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
| METACYTE EQUITY HOLDINGS LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 304 | LOUISVILLE | KY | 40208 | HOLDING COMPANY (INACTIVE) | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE FOUNDATION INC | |
| MINERVA-LOUISVILLE LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 304 | LOUISVILLE | KY | 40208 | 455604157 | ADMINISTRATIVE (INACTIVE) | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
| CCG - LOUISVILLE LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 304 | LOUISVILLE | KY | 40208 | 463848960 | GOLF COURSE | KY | $4,176,975 | $10,201,318 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
| DCPA LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 304 | LOUISVILLE | KY | 40208 | 472587366 | ADMINISTRATIVE | KY | $3,500,000 | $2,456,175 | 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 304 | LOUISVILLE | KY | 40208 | 262258318 | MANAGEMENT SERVICES | KY | 501(c)(3 | Type I | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Yes (true) |
| ULH INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 304 | LOUISVILLE | KY | 40208 | 310926171 | STUDENT HOUSING | KY | 501(c)(3 | Type I | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Yes (true) |
| THE NUCLEUS REAL PROPERTIES INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 304 | LOUISVILLE | KY | 40208 | 463070346 | REAL ESTATE | KY | 501(c)(3 | Type I | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Yes (true) |
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 SUITE 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 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | N/A | PredominantIncomeTypeTxt |
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 | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| METACYTE BUSINESS LAB LLC | |||||||||||
| 103 GRAWEMEYER HALL | LOUISVILLE | KY | 40292 | 161657492 | RESEARCH | KY | UNIVERSITY OF LOUISVILLE FOUNDATION INC | C Corporation | $0 | $0 | false |
| CHARITABLE REMAINDER TRUSTS (14) | |||||||||||
| INVESTMENTS | KY | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Trust | false | |||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (7 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| UNIVERSITY HOLDINGS INC | ||
| A | $2,702,994 | AMOUNT ACCRUED |
| ULH INC | ||
| A | $537,044 | AMOUNT ACCRUED |
| THE NUCLEUS REAL PROPERTIES INC | ||
| A | $161,600 | AMOUNT ACCRUED |
| CAMPUS ONE LLC | ||
| B | $142,800 | CAPITAL CONTRIBUTED |
| UNIVERSITY HOLDINGS INC | ||
| D | $42,878,996 | LOAN BALANCE AND INTEREST ACCRUED |
| THE NUCLEUS REAL PROPERTIES INC | ||
| D | $16,214,837 | LOAN BALANCE AND INTEREST ACCRUED |
| ULH INC | ||
| D | $13,539,674 | LOAN BALANCE AND INTEREST ACCRUED |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule R, Part II RELATED TAX-EXEMPT ORGANIZATIONS | THE ORGANIZATIONS LISTED IN PART II REFLECT THE RELATED TAX-EXEMPT ORGANIZATIONS AS OF JUNE 30, 2016. THE MEMBER INTEREST IN THE BELOW TAX-EXEMPT ORGANIZATION WAS TRANSFERRED TO AN UNRELATED ORGANIZATION DURING FY16. AS SUCH, SCHEDULE R, PART II, REFLECTS THOSE TAX-EXEMPT ORGANIZATIONS BY WHICH THE UNIVERSITY OF LOUISVILLE FOUNDATION WAS SOLE MEMBER AS OF JUNE 30, 2016. LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION (61-1320759) 215 CENTRAL AVENUE, SUITE 304 LOUISVILLE, KY 40208 |
| Schedule R, Part I DISREGARDED ENTITIES | THE ORGANIZATIONS LISTED IN PART I REFLECT THE DISREGARDED ENTITIES AS OF JUNE 30, 2016. The member interest in the below SMLLCs was transferred to an unrelated organization during FY16. As such, Schedule R, Part I, reflects those disregarded entities by which the University of Louisville Foundation was sole member as of June 30, 2016. KYT-LOUISVILLE, LLC (26-4771802) 215 CENTRAL AVE, SUITE 304 LOUISVILLE, KY 40208 AAF-LOUISVILLE, LLC (DBA CARDINAL STATION) (26-3061274) 215 CENTRAL AVE, SUITE 304 LOUISVILLE, KY 40208 PHOENIX PLACE-LOUISVILLE, LLC (27-0264868) 215 CENTRAL AVE, SUITE 304 LOUISVILLE, KY 40208 NUCLEUS: KENTUCKY'S LIFE SCIENCES AND INNOVATION CENTER, LLC (26-3416972) 215 CENTRAL AVE, SUITE 304 LOUISVILLE, KY 40208 |
| Schedule R, Part III RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP | INFORMATION REPORTED IN PART III IS REFLECTED AS OF JUNE 30, 2016. As of March 2016, the Foundation transferred its ownership interest in Campus Two, LLC and is therefore, no longer reportable in Schedule R, Part III. CAMPUS TWO, LLC (45-5319715) 215 CENTRAL AVENUE, SUITE 304 LOUISVILLE, KY 40208 |
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