2014-05-15T11:01:44-05:00 2013-06-30 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2012-07-01 311106941 UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION UNIV 5028527072 Controllers Office- Service Complex Louisville KY 40292 JAMES RAMSEY 2013-10-21 true Rachel Spurlock P00520729 5023263996 2012 2015-11-30 17:44:51Z JAMES RAMSEY 2301 South Third Street Louisville KY 40292 93440703 false X HTTP://WWW.GOCARDS.COM/ X 1984 KY THE UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION IS ORGANIZED TO SUPPORT AND COUNSEL OUR STUDENT-ATHLETES SO THEY WILL MAXIMIZE THEIR POTENTIAL AT U OF L AND BE SUCCESSFUL IN PREPARING FOR THEIR FUTURE LIVES. 27 12 655 445 433544 -85464 34586498 37227142 37943190 43847302 644171 2604034 4398743 5557974 77572602 89236452 11672983 12835109 0 0 30503775 36161022 0 0 2441269 32708012 37558942 74884770 86555073 2687832 2681379 247139082 259520598 129897935 140672679 117241147 118847919 OUR MISSION IS TO SUPPORT AND COUNSEL OUR STUDENT-ATHLETES SO THEY WILL MAXIMIZE THEIR POTENTIAL AT U OF L AND BE SUCCESSFUL IN PREPARING FOR THEIR FUTURE LIVES. WE WILL PROVIDE LEADERSHIP FOR OUR STUDENT-ATHLETES TO INSPIRE THEIR ACHIEVEMENT OF THE GOALS ESTABLISHED IN THIS MISSION STATEMENT. U OF L'S COMPETITIVE ATHLETICS PROVIDE AN OUTSTANDING LEADERSHIP LABORATORY, AND ITS HIGH QUALITY CLASSROOM INSTRUCTION PROVIDES OUTSTANDING EDUCATIONAL OPPORTUNITIES. IT IS OUR RESPONSIBILITY TO ASSURE THAT OUR STUDENT-ATHLETES BENEFIT FROM THESE EDUCATIONAL AND ATHLETIC EXPERIENCES AT U OF L. TO HELP ACCOMPLISH OUR MISSION, WE PROVIDE SUPERIOR SERVICES TO OUR FANS AND DONORS, THE PRIMARY FINANCIAL RESOURCES THAT SUPPORT OUR PROGRAM. THESE SERVICES RESULT IN THE BEST OPPORTUNITIES FOR OUR STUDENT-ATHLETES TO PARTICIPATE IN WELL-SUPPORTED, COMPETITIVE PROGRAMS THAT BRING RENEWED SPIRIT TO OUR CAMPUS, OUR ALUMNI, AND THE LOUISVILLE COMMUNITY. false false 80775770 12835109 43969715 THE UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION ACHIEVED A FIRST IN NCAA HISTORY DURING THE 2012-13 SEASON. THE SCHOOL WON A BOWL CHAMPIONSHIP SERIES GAME AND A BASKETBALL NATIONAL CHAMPIONSHIP, CLAIMED A WOMEN'S BASKETBALL NATIONAL RUNNER-UP FINISH, AND SAW ITS BASEBALL PROGRAM REACH THE COLLEGE WORLD SERIES. IN ADDITION TO THE MEN'S BASKETBALL NATIONAL TITLE, ITS THIRD NCAA CROWN IN SCHOOL HISTORY, MEN'S SWIMMER JOAO DE LUCCA CAPTURED THE NCAA 200 FREESTYLE CHAMPIONSHIP. TEAM WISE, LOUISVILLE RECORDED EIGHT BIG EAST CONFERENCE TITLES, WITH MEN'S BASKETBALL AND VOLLEYBALL EARNING BOTH THE REGULAR SEASON AND CONFERENCE CROWNS. ELEVEN OF UOFL'S TEAMS REACHED OR HAD A PARTICIPANT REACH NCAA POSTSEASON PLAY, AND AN ASTOUNDING 10 TEAMS FINISHED THEIR SEASONS RANKED IN THE TOP 25-NATIONALLY. LOUISVILLE'S COMBINED 126 WINS IN ITS FOUR HIGHLY VISIBLE SPORTS (BASEBALL, MEN'S AND WOMEN'S BASKETBALL, AND FOOTBALL) IS JUST THREE WINS SHORT OF THE NCAA RECORD FOR A SINGLE SEASON (126-30, .808 WINNING PERCENTAGE). EQUALLY AS IMPRESSIVE WAS THE FACT THAT LOUISVILLE WAS THE ONLY SCHOOL IN THE NATION WITH ITS FOOTBALL AND MEN'S AND WOMEN'S BASKETBALL TEAMS ALL RANKED AMONG THE NATION'S AP TOP 20. ALSO OF NOTE, LOUISVILLE ATHLETICS TEAMS POSTED 49 VICTORIES OVER TOP 25 NATIONALLY RANKED OPPONENTS DURING THE 2012-13 SEASON. INDIVIDUAL FEATS INCLUDED SIX PLAYER OF THE YEAR AWARDS, 11 MOST VALUABLE PLAYER HONORS, AND 13 DRAFT PICKS. LOUISVILLE'S STUDENT-ATHLETES ACHIEVED REMARKABLE SUCCESS IN THE CLASSROOM, POSTING A RECORD 3.124 CUMULATIVE GPA FOR ALL 23 SPORTS. ADDITIONALLY, A SCHOOL-BEST 355 STUDENT-ATHLETES EARNED AD HONOR ROLL STATUS FOR THE 2012 FALL SEMESTER (3.0 GPA). SIX DIFFERENT TEAMS POSTED A PERFECT SCORE OF 1000 IN THE MOST RECENT SINGLE-YEAR ACADEMIC PROGRESS RATE (APR) DATA RELEASED BY THE NCAA. MAYBE EVEN A MORE SIGNIFICANT POINT IN CARDINALS ATHLETICS HISTORY, UNDER THE DIRECTION OF VICE PRESIDENT AND DIRECTOR OF ATHLETICS TOM JURICH, LOUISVILLE ACCEPTED AN INVITATION ON NOV. 28, 2012, TO JOIN THE ATLANTIC COAST CONFERENCE. LOUISVILLE FINISHED EIGHTH ON THE MEN'S SIDE, ITS HIGHEST RANK IN SCHOOL HISTORY, AND 29TH ON THE WOMEN'S SIDE IN THE CAPITAL ONE CUP, AND THE SCHOOL TOOK 38TH IN THE LEARFIELD SPORTS DIRECTORS' CUP. 80775770 true true false false false false false false true true false false false true false true true false false true false false false false false false false true true true false false false false false false false false false false true false false false false true false false false false true 443 0 true 655 true true true false false false false false false false false false X 27 12 false false false false false false false true true false false true true true true true true true false false KY X X Larry Zink 5028527072 Service Complex-Univ of Louisville Louisville KY 40292 DR JAMES R RAMSEY 0.50 38.50 X X 0 322821 42642 DR JOSEPH M STEFFEN 0.50 49.50 X X 0 95717 19878 ROBERT P BENSON JR 0.50 0 X X 0 0 0 RON BUTT 0.50 0.50 X X 0 0 0 ANGELIKA UREMOVICH 0.50 0 X 0 0 0 BRUCE HENDERSON 0.50 0.50 X 0 0 0 CARRIE MATTINGLY 0.50 0.50 X 0 0 0 CHRIS STERNBERG 0.50 0 X 0 0 0 CHRISTIAN GAMM 0.50 49.50 X 0 44286 8213 D HARRY JONES 0.50 0 X 0 0 0 DR CHARLIE MOYER 0.50 49.50 X 0 390660 44379 DR CHRISTOPHER PETERS 0.50 49.50 X 0 142532 31203 DR KENNETH SCHIKLER 0.50 49.50 X 0 187710 34401 DR MARY HUMS 0.50 49.50 X 0 109945 21948 DR ROBERT STAAT 0.50 49.50 X 0 122828 28361 DR SHIRLEY WILLIHNGANZ 0.50 39.50 X 0 313941 51722 ED GLASSCOCK 0.50 0 X 0 0 0 GORDON GAHM 0.50 0 X 0 0 0 GORGUI DIENG 0.50 0 X 0 0 0 JUSTIN BRANDT 0.50 0.50 X 0 0 0 KEITH INMAN 0.50 49.50 X 0 333340 44511 PROF BRENDA HART 0.50 49.50 X 0 117674 21944 PROF BRUCE KEMELGOR 0.50 49.50 X 0 113860 24915 PROF CARMINE ESPOSITO 0.50 49.50 X 0 137481 28336 PROF ELAINE O WISE 0.50 49.50 X 0 90010 21401 PROF KAREN TURNER 0.50 49.50 X 0 60035 10195 SAM RECHTER 0.50 0 X 0 0 0 ULYSSES L BRIDGEMAN JR 0.50 0 X 0 0 0 WADE HOUSTON 0.50 0 X 0 0 0 ANGELA D KOSHEWA 0.50 49.50 X 0 165164 30235 KATHLEEN M SMITH 0.50 28.50 X 0 131045 17756 MICHAEL J CURTIN 0.50 39.00 X 0 225146 30158 THOMAS M JURICH 40.00 0 X 1169864 0 458288 JULIE HERMANN 50.00 0 X 247084 0 41015 RONALD KEVIN MILLER 50.00 0 X 208784 0 36531 CHARLES STRONG 50.00 0 X 2544316 0 581445 DANIEL MCDONNELL 50.00 0 X 736938 0 55546 DENNY CRUM 50.00 0 X 808031 0 49350 JEFF WALZ 50.00 0 X 914569 0 136342 RICHARD PITINO 50.00 0 X 3721648 0 1396890 STEVEN J KRAGTHORPE 0.00 0 X 1800000 0 0 12151234 3104195 3267605 46 true true false ABEL CONSTRUCTION COMPANY INC 3401 BASHFORD AVENUE COURT LOUISVILLE KY 40218 CONSTRUCTION SERVICES 1296742 ASTRO TURF LLC 809 KENNER STREET DALTON GA 30721 TURF INSTALLATION 837590 MIAMI AIR INTERNATIONAL INC 5000 NW 36TH STREET SUITE 307 MIAMI FL 33122 CHARTER AIR SERVICES 751941 AEG MANAGEMENT LOUISVILLE LLC 1 ARENA PLZ LOUISVILLE KY 40202 EVENT MANAGEMENT 639308 SERVICE AMERICA CORPORATION 2800 S FLOYD ST LOUISVILLE KY 40209 CONCESSION SERVICES 474426 38 141015 37086127 817617 37227142 TOTAL SPORTS REVENUE 711210 42430157 41996613 433544 STUDENT ATHLETIC FEES AND RELATED 713940 1417145 1417145 0 0 0 0 0 0 0 43847302 372945 372945 0 5002017 5002017 0 0 0 6435340 0 4183318 20933 2252022 -20933 2231089 2231089 0 0 0 ADMINISTRATIVE SUPPORT SERVICES 561990 320384 320384 MARKETING AND DEVELOPMENT REVENUE 711320 199938 199938 OTHER OPERATING REVENUES 900099 35635 35635 0 0 0 0 555957 89236452 43969715 433544 7606051 0 12835109 12835109 0 0 0 0 30837023 28013857 2283722 539444 0 3926953 3555209 245993 125751 1397046 1221041 89418 86587 0 214971 16266 98714 99991 29706 2710 26996 0 0 0 4368027 3835178 340776 192073 555185 499217 5038 50930 317052 261514 19309 36229 1353364 1123411 19374 210579 0 2822886 2814636 8250 8028684 7534380 59339 434965 0 5229 2729 2500 2724585 2724585 0 4201383 4201383 812450 851874 35482 -74906 ATHLETIC EVENT FEES AND EXPENSES 4021878 3906258 3212 112408 REPAIRS AND MAINTENANCE 1451725 1122317 15137 314271 SMALL EQUIPMENT PURCHASES AND RENTALS 1808884 1712766 4555 91563 OTHER LICENSES AND FEES 487955 487824 131 4354978 4053506 88338 213134 86555073 80775770 3338034 2441269 0 52400 52400 46346181 59303676 3259182 3662638 17038519 18240924 0 0 174456538 36857596 134451828 137598942 37725504 33196393 0 0 0 0 8265468 7465625 247139082 259520598 21344958 22174410 36068856 37938119 59801744 53403081 0 1793997 16468689 10888380 10688380 129897935 140672679 X 117241147 118847919 117241147 118847919 247139082 259520598 2681379 -1074607 0 X false true X true false X X false false false UNIVERSITY OF LOUISVILLE 611014882 6 true 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32181351 980365 2279829 6567305 368090 28506150 32931199 44694 694095 0 1139100 349537 32181351 27798345 148400 4300310 112368 -1025082 228570 32931199 25616103 290640 1923126 25688 -304122 309958 27798345 32602401 627254 -6148778 429503 790471 244800 25616103 0.96560 0.03440 true false 5150911 5150911 160880620 34879994 126000626 1299301 608313 690988 1287990 750766 537224 5837716 618523 5219193 137598942 0 DUE TO UNIVERSITY OF LOUISVILLE 9173002 DUE TO UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 315539 NOTE PAYABLE TO UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 1199839 10688380 81967247 -1074608 20933 -1053675 83020922 6215530 6215530 89236452 80360476 20933 20933 80339543 6215530 6215530 86555073 Intended uses of endowment funds Schedule D, Part V, Line 4 THE UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION'S MAIN ENDOWMENT INVESTMENT IS THE HICKMAN CAMP PROGRAM, WHICH IS UNRESTRICTED AND UNDESIGNATED. THIS PROGRAM REPRESENTS APPROXIMATELY 67% OF THE ORGANIZATION'S TOTAL ENDOWMENT INVESTMENT. IN RECENT YEARS THE FUNDS HAVE BEEN USED FOR CONSTRUCTION AND SCHOLARSHIPS. THE BALANCE OF THE ENDOWMENT INVESTMENTS ARE INTENDED FOR ATHLETIC SCHOLARSHIPS, ADMINISTRATIVE COMPENSATION, AND STADIUM MAINTENANCE. Other revenues in audited financial statements not in form 990 Schedule D, Part XI, Line 2d LOSS ON EQUIPMENT DISPOSAL - 20933; Other revenues in form 990 not in audited financial statements Schedule D, Part XI, Line 4b INTEREST ON CAPITAL RELATED DEBT - 2724585; OPERATING REVENUES NETTED WITH EXPENSES ON AFS - 3490945; Other expenses in audited financial statements not in form 990 Schedule D, Part XII, Line 2d LOSS ON EQUIPMENT DISPOSAL - 20933; Other expenses in form 990 not in audited financial statements Schedule D, Part XII, Line 4b INTEREST ON CAPITAL RELATED DEBT - 2724585; OPERATING REVENUES NETTED WITH EXPENSES ON AFS - 3490945; CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES ATHLETIC EVENT AND RECRUITING 205596 NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 PROGRAM SERVICES ATHLETIC EVENT AND RECRUITING 10532 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES RECRUITING AND PROFESSIONAL DEVELOPMENT 18419 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RECRUITING 1189 0 0 235736 false false false false false false Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL NORTH AMERICA (CANADA & MEXICO ONLY): ACCRUAL SUB-SAHARAN AFRICA: ACCRUAL Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL NORTH AMERICA (CANADA & MEXICO ONLY): ACCRUAL SUB-SAHARAN AFRICA: ACCRUAL true SCHOLARSHIPS 713 12835109 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 STUDENTS ARE SELECTED AND CONTINUE TO RECEIVE ASSISTANCE BASED ON THEIR ABILITY TO CONTRIBUTE TO THE ATHLETIC PROGRAM OF THE UNIVERSITY OF LOUISVILLE. ALL FINANCIAL AID BOTH ATHLETIC AND NON-ATHLETIC IS UNDER THE CONTROL OF THE UNIVERSITY OFFICE OF FINANCIAL AID. THE OFFICE OF ATHLETIC COMPLIANCE EMPLOYS A FULL-TIME COMPLIANCE COORDINATOR WHO WORKS AS A LIAISON WITH THE UNIVERSITY FINANCIAL AID OFFICE TO MONITOR ALL ATHLETIC AND NON-ATHLETIC FINANCIAL AID PROVIDED TO OUR STUDENT-ATHLETES. THIS INCLUDES MONITORING ALL INDIVIDUAL AND TEAM NCAA LIMITS, RENEWALS, NON-RENEWAL AND CANCELLATION OF ATHLETIC SCHOLARSHIPS, THE AWARDING OF SUMMER FINANCIAL AID, AND OVERSEES THE DISBURSEMENT OF THE STUDENT-ASSISTANCE FUND FOR ELIGIBLE STUDENT-ATHLETES. X X X X X true true X X X true true false false false false false false false ANGELA D KOSHEWA 0 162726 0 0 0 2438 0 16675 0 13560 0 195399 0 0 CHARLES STRONG 2293133 0 228000 0 23183 0 565044 0 16401 0 3125761 0 0 0 DANIEL MCDONNELL 425875 0 46630 0 264433 0 39286 0 16260 0 792484 0 50000 0 DENNY CRUM 331984 0 0 0 476047 0 33800 0 15550 0 857381 0 0 0 DR CHARLIE MOYER 0 388591 0 0 0 2069 0 25000 0 19379 0 435039 0 0 DR CHRISTOPHER PETERS 0 141152 0 0 0 1380 0 14802 0 16401 0 173735 0 0 DR JAMES R RAMSEY 0 321633 0 0 0 1188 0 25000 0 17642 0 365463 0 0 DR KENNETH SCHIKLER 0 184224 0 0 0 3486 0 19008 0 15393 0 222111 0 0 DR ROBERT STAAT 0 118303 0 0 0 4525 0 11739 0 16622 0 151189 0 0 DR SHIRLEY WILLIHNGANZ 0 312703 0 0 0 1238 0 35770 0 15952 0 365663 0 0 JEFF WALZ 667637 0 87917 0 159015 0 119445 0 16897 0 1050911 0 37500 0 JULIE HERMANN 239614 0 0 0 7470 0 24645 0 16370 0 288099 0 0 0 KEITH INMAN 0 285283 0 0 0 48057 0 25000 0 19511 0 377851 0 0 MICHAEL J CURTIN 0 213894 0 0 0 11252 0 21450 0 8708 0 255304 0 0 PROF CARMINE ESPOSITO 0 112293 0 0 0 25188 0 11918 0 16418 0 165817 0 0 RICHARD PITINO 2992543 0 377521 0 351584 0 1379899 0 16991 0 5118538 0 0 0 RONALD KEVIN MILLER 200396 0 0 0 8388 0 20672 0 15859 0 245315 0 0 0 STEVEN J KRAGTHORPE 0 0 0 0 1800000 0 0 0 0 0 1800000 0 0 0 THOMAS M JURICH 477274 0 390150 0 302440 0 440277 0 18011 0 1628152 0 25000 0 First-class or charter travel Schedule J, Part I, Line 1a BOTH THE MEN'S FOOTBALL AND MEN'S BASKETBALL TEAMS TRAVEL TO AWAY COMPETITIONS ON CHARTER PLANES. CHARTER SERVICE IS SUBMITTED FOR COMPETITIVE BIDS FOR BOTH TEAMS TO OBTAIN THE PRICE/SERVICE. THIS PROCESS IS PER INDUSTRY STANDARD FOR THE MAJORITY OF DIVISION 1 SCHOOLS. FIRST CLASS AIRFARE CANNOT BE EXPENSED BACK TO THE ORGANIZATION. Travel for companions Schedule J, Part I, Line 1a THE ORGANIZATION OBTAINS APPROVAL FROM THE PRESIDENT'S OFFICE FOR ALL TRAVEL OF ATHLETIC STAFF FAMILY MEMBERS TO SPECIAL EVENTS SUCH AS POST-SEASON COMPETITIONS, HOLIDAY TOURNAMENTS, AND OTHER EVENTS WHERE SPOUSES ARE EXPECTED TO ATTEND FOR BONA FIDE BUSINESS PURPOSES. EXPENSES ARE COVERED FROM UNRESTRICTED MONIES AND NOT PART OF THE ATHLETIC ASSOCIATION'S OPERATING BUDGET. Tax indemnification and gross-up payments Schedule J, Part I, Line 1a THOMAS JURICH - $59,566 TAX GROSS UPS ON CONTRIBUTIONS TO EMPLOYEE'S RETIREMENT AND DEFERRED COMPENSATION PLANS. Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE ORGANIZATION IS AUTHORIZED TO PROVIDE COUNTRY CLUB MEMBERSHIPS FOR THE ATHLETIC DIRECTOR AND SOME COACHES AS PART OF THEIR RESPECTIVE EMPLOYMENT CONTRACTS. THESE BENEFITS ARE TAXED ACCORDINGLY BASED ON PERSONAL VS. BUSINESS USAGE. MONTHLY DUES ARE PAID DIRECTLY BY THE ORGANIZATION AND EMPLOYEES ARE REIMBURSED FOR ANY BUSINESS RELATED EXPENSES UNDER THE ORGANIZATION'S ACCOUNTABLE PLAN ON A MONTHLY BASIS. Personal services Schedule J, Part I, Line 1a FINANCIAL PLANNING SERVICES ARE ALLOWED FOR THE DIRECTOR OF ATHLETICS AND ARE CAPPED AT A SET AMOUNT PER CALENDAR YEAR. THE EXPENSES ARE PAID BY THE ORGANIZATION AND THE EMPLOYEE IS TAXED ON THE AMOUNT OF THE SERVICES PROVIDED EACH YEAR. Severance or change-of-control payment Schedule J, Part I, Line 4a STEVEN J. KRAGTHORPE - $1,800,000 OBLIGATION UNDER 2007 EMPLOYMENT CONTRACT Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b THOMAS JURICH - $150,000 VESTED BENEFIT UNDER SECTION 457(F) NONQUALIFIED KEY EMPLOYEE DEFERRED COMPENSATION PLAN; RICHARD PITINO - $981,818 NONVESTED BENEFIT UNDER SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. A LOUISVILLEJEFFERSON COUNTY METRO GOVERNMENT 320049006 54675PBN4 2008-08-05 84120788 RETIRE 1997 BONDS AND FINANCE FOOTBALL STADIUM EXPANSION false false false A 23610000 0 88001345 6630098 1984366 0 984671 26343 0 69529380 11863455 0 2010 true false true true A false false true true false false 0.13500 0.00000 0.13500 false false 0 false true A false true true true false false 0.0 false false true SEE PART VI 0.0 true false true A true TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS OF $88,001,345 LESS INTEREST EARNINGS OF $3,880,557 RECONCILES TO THE ISSUE PRICE OF $84,120,788. GROSS PROCEEDS IN RESERVE FUNDS SCHEDULE K, PART II, LINE 4 AMOUNT INCLUDES $3,016,968 OF TRANSFERRED PROCEEDS. PRIVATE BUSINESS USE SCHEDULE K, PART III, LINE 6 PERTAINS TO VARIOUS NAMING RIGHTS CONTRACTS. THE AVERAGE ANNUAL YEARLY PRIVATE BUSINESS USE PERCENT OVER THE MEASUREMENT PERIOD IS 9.23 PERCENT. ISSUER NAME: Louisville/Jefferson County Metro Government: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON JUNE 30, 2013. PROVIDER AND TERM SCHEDULE K, PART IV, LINE 5B GIC #1 PROVIDER = NATIXIS TERM = 17 YEARS; GIC #2 = WEST LB TERM = 10 YEARS X 1 817617 MARKET VALUE 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I SECURITIES - PUBLICLY TRADED: GIFTS ARE REPORTED BASED ON NUMBER OF CONTRIBUTIONS. Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 GIFTS ARE REPORTED BASED ON NUMBER OF CONTRIBUTIONS. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b UNIVERSITY OF LOUISVILLE FINANCE PERSONNEL AND AN OUTSIDE FIRM PREPARED THE RETURN AND A COPY OF THE RETURN WAS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S ATHLETIC DIRECTOR INVOLVED ALL OF THE FOLLOWING ELEMENTS: - DATA GATHERING AND ANALYSIS OF COMPENSATION AT COMPARABLY SIZED ORGANIZATIONS ALONG WITH BENCHMARKING AGAINST OTHER QUALIFIED OFFICIALS IN SIMILARLY SITUATED POSITIONS; - REVIEW AND APPROVAL BY AN INDEPENDENT PERSONNEL COMMITTEE; - REVIEW AND APPROVAL BY THE INDEPENDENT BOARD OF DIRECTORS OF THE ORGANIZATION PURSUANT TO FEEDBACK FROM THE PERSONNEL COMMITTEE; AND - CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION DETERMINATION PROCESS BY THE PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS IN EACH BODY'S RESPECTIVE MINUTES. THE ABOVE PROCESS WAS LAST USED FOR THE ORGANIZATION'S ATHLETIC DIRECTOR IN 2011. OTHER EMPLOYEE COMPENSATION DETERMINATION PROCESS FORM 990, PART VI, LINE 15B THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS AND OTHER KEY EMPLOYEES INVOLVED ALL OF THE FOLLOWING ELEMENTS: - DATA GATHERING AND ANALYSIS OF COMPENSATION AT COMPARABLY SIZED ORGANIZATIONS ALONG WITH BENCHMARKING AGAINST OTHER QUALIFIED OFFICIALS IN SIMILARLY SITUATED POSITIONS; - REVIEW AND APPROVAL BY THE ORGANIZATION'S ATHLETIC DIRECTOR AND EXECUTIVE SENIOR ASSOCIATE ATHLETIC DIRECTOR; AND - CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION DETERMINATION PROCESS. TAX RETURN DISCLOSURE FORM 990, PART VI, LINE 18 COPIES OF THE ORGANIZATION'S MOST RECENT FORMS 990 AND 990-T ARE AVAILABLE AT WWW.LOUISVILLE.EDU OR UPON REQUEST. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 COPIES OF THE ORGANIZATION'S FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE AT WWW.LOUISVILLE.EDU OR UPON REQUEST. REPORTABLE COMPENSATION PART VII AND SCHEDULE J AMOUNTS REPORTED ON PART VII AND ON SCHEDULE J INCLUDE ONLY COMPENSATION PAID BY THE FILING ENTITY AND 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. UNIVERSITY OF LOUISVILLE UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 EDUCATION KY N/A NA false UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 RESEARCH KY 501(C)(3) 5 UNIVERSITY OF LOUISVILLE false UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL FUND INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 EDUCATION KY 501(C)(3) 11 - Type I UNIVERSITY OF LOUISVILLE false THE QUALITY AND CHARITY CARE TRUST UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 TRUST FOR INDIGENT CARE KY 501(C)(3) 7 UNIVERSITY OF LOUISVILLE false UNIVERSITY PHYSICIANS GROUP INC 323 EAST CHESTNUT STREET LOUISVILLE KY 402021823 MEDICAL CARE KY 501(C)(3) 3 UNIVERSITY OF LOUISVILLE false UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL PRACTICE ASSOC 555 SOUTH JACKSON STREET LOUISVILLE KY 40202 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 true false false