2013-05-15T13:01:08-05:00 2012-06-30 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2011-07-01 311106941 UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION UNIV 5028527072 Controllers Office- Service Complex Louisville KY 40292 JAMES RAMSEY 2013-05-15 true Rachel Spurlock P00520729 5023263996 2011 2016-02-25 16:41:14Z JAMES RAMSEY 2301 South Third Street Louisville KY 40292 78486043 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 12 694 320 413799 -170454 32421537 34586498 37707172 37943190 648163 644171 6629253 4398743 77406125 77572602 10925106 11672983 0 0 28536271 30503775 0 0 2611929 27494744 32708012 66956121 74884770 10450004 2687832 251874038 247139082 134662006 129897935 117212032 117241147 X 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. (CONTINUED IN SCHEDULE O) false false 68031832 11672983 38638844 THE UNIVERSITY OF LOUISVILLE CONTINUES TO MAKE A PUSH AS ONE OF THE OVERALL TOP OVERALL ATHLETIC DEPARTMENTS IN THE NATION, AS THE 2011-12 SEASON CULMINATED WITH THE CARDINALS' WINNING 10 BIG EAST TITLES. (CONTINUED IN SCHEDULE O) 68031832 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 433 0 true 694 true true true false 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 false true false KY X X Larry Zink 5028527072 Service Complex-Univ of Louisville Louisville KY 40292 DR JAMES R RAMSEY 0.50 X X 0 322979 41552 JOSEPH STEFFEN 0.50 X X 0 85049 18757 REBECCA JACKSON 0.50 X X 0 0 0 ROBERT P BENSON JR 0.50 X X 0 0 0 AHMED AWADALLAH 0.50 X 0 0 0 BLAINE HUDSON 0.50 X 0 214614 38230 BRENDA HART 0.50 X 0 116284 21127 BRUCE KEMELGOR 0.50 X 0 132995 24756 CARMINE ESPOSITO 0.50 X 0 133313 28032 CHRIS STERNBERG 0.50 X 0 0 0 D HARRY JONES 0.50 X 0 0 0 DHIANE BRADLEY 0.50 X 0 50874 25472 DR CHARLIE MOYER 0.50 X 0 386965 42570 DR CHRISTOPHER PETERS 0.50 X 0 141514 30590 DR KENNETH SCHIKLER 0.50 X 0 180567 34900 DR SHIRLEY WILLIHNGANZ 0.50 X 0 304992 52089 ED GLASSCOCK 0.50 X 0 0 0 ELAINE O WISE 0.50 X 0 89709 19359 GERALD TOLSON 0.50 X 0 67790 23597 GORDON GAHM 0.50 X 0 0 0 KEITH INMAN 0.50 X 0 296795 43361 KYLE KURIC 0.50 X 0 0 0 MARY HUMS 0.50 X 0 112655 21749 OWSLEY FRAZIER 0.50 X 0 0 0 SAM RECHTER 0.50 X 0 0 0 ULYSSES BRIDGEMAN 0.50 X 0 0 0 WADE HOUSTON 0.50 X 0 0 0 THOMAS JURICH 40.00 X 2113345 0 332638 JULIE HERMANN 50.00 X 230376 0 39275 RONALD KEVIN MILLER 50.00 X 204781 0 37300 CHARLES STRONG 50.00 X 2188919 0 580332 DANIEL MCDONNELL 50.00 X 452444 0 107055 DENNY CRUM 50.00 X 775577 0 42390 JEFF WALZ 50.00 X 645488 0 82202 RICHARD PITINO 50.00 X 3296558 0 1026619 STEVEN J KRAGTHORPE 0.00 X 1100000 0 0 11007488 2637095 2713952 55 true true false MIAMI AIR INTERNATIONAL INC 5000 NW 36TH STREET SUITE 307 MIAMI FL 33122 CHARTER AIR SERVICES 574560 VISION AIRLINES INC 2705 AIRPORT DRIVE NORTH LAS VEGAS NV 89032 CHARTER AIR SERVICES 345061 LOUISVILLE SPORTS NEWS LLC 2805 S FLOYD STREET LOUISVILLE KY 40209 AUDIO VISUAL 320000 GLOBAL SPORTS MANAGEMENT 1724 EVENING SHADE LANE KNOXVILLE TN 37919 TOURS AND EVENT HOSTING 275000 BATAIR LLC 1999 RICHMOND RD SUITE 300 LEXINGTON KY 40502 TRAVEL 237941 9 5031187 29555311 814088 34586498 TOTAL SPORTS REVENUE 711210 36513001 36099202 413799 STUDENT ATHLETIC FEES AND RELATED 713940 1430189 1430189 0 0 0 0 37943190 609408 609408 0 3703089 3703089 0 0 0 948204 913441 34763 0 34763 34763 0 0 0 ADMINISTRATIVE SUPPORT SERVICES 561990 354446 354446 MARKETING AND DEVELOPMENT REVENUE 711320 264637 264637 OTHER OPERATING REVENUES 900099 76571 76571 0 0 0 0 695654 77572602 38225045 413799 4347260 0 11672983 11672983 0 0 2548502 2548502 0 23086611 21773027 802880 510704 0 3561653 3209685 228987 122981 1307009 1183370 85500 38139 0 114783 3530 111253 28637 2318 26319 0 0 0 3731243 3367885 182611 180747 413976 350756 7360 55860 332139 266405 23899 41835 910307 854536 17870 37901 0 2356167 2333255 22912 6906629 6222189 71174 613266 0 10180 10132 48 2948600 2948600 0 4126306 4126306 761155 726163 34992 ATHLETIC EVENT FEES AND EXPENSES 3690588 3625005 5480 60103 REPAIRS AND MAINTENANCE 2060772 1724036 10618 326118 SMALL EQUIPMENT PURCHASES AND RENTALS 1725946 1514127 13064 198755 OTHER LICENSES AND FEES 998840 998689 164 -13 1591744 1118835 70336 402573 74884770 68031832 4241009 2611929 0 52400 52400 48977050 46346181 433187 3259182 19912409 17038519 167178417 32726589 136020567 134451828 37238971 37725504 0 0 0 0 9239454 8265468 251874038 247139082 22146882 21344958 33475390 36068856 65997450 59801744 2101595 1793997 10940689 10888380 134662006 129897935 X 117212032 117241147 117212032 117241147 251874038 247139082 X 2687832 -2658717 X false true true X false X X false false false UNIVERSITY OF LOUISVILLE 611014882 6 true 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.96290 0.03710 true false 5150911 5150911 156272984 30933433 125339551 1299301 550251 749050 1226572 716487 510085 3228649 526418 2702231 134451828 0 DUE TO UNIVERSITY OF LOUISVILLE 9173002 DUE TO UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 315539 NOTE PAYABLE TO UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 1399839 10888380 77572602 74884770 2687832 -2658717 0 -2658717 29115 71965285 -2658717 0 -2658717 74624002 2948600 2948600 77572602 71936170 0 0 71936170 2948600 2948600 74884770 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 65% 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 form 990 not in audited financial statements Schedule D, Part XII, Line 4b INTEREST ON CAPITAL RELATED DEBT - 2948600; Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b INTEREST ON CAPITAL RELATED DEBT - 2948600; CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES ATHLETIC EVENT 17729 SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 538 NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 PROGRAM SERVICES RECRUITING AND ATHLETIC EVENTS 69946 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES RECRUITING 8692 SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES RECRUITING 4068 0 0 100973 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 SOUTH AMERICA: ACCRUAL NORTH AMERICA (CANADA & MEXICO ONLY): ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL SUB SAHARAN AFRICA: ACCRUAL true SCHOLARSHIPS 628 11672983 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 X true true false true false false false false false BLAINE HUDSON 0 213426 0 0 0 1188 0 22028 0 16202 0 252844 0 0 BRUCE KEMELGOR 0 131380 0 0 0 1615 0 9747 0 15009 0 157751 0 0 CARMINE ESPOSITO 0 132059 0 0 0 1254 0 11749 0 16283 0 161345 0 0 CHARLES STRONG 1943314 0 216667 0 28938 0 564544 0 15788 0 2769251 0 0 0 DANIEL MCDONNELL 419774 0 27630 0 5040 0 88786 0 18269 0 559499 0 0 0 DENNY CRUM 334652 0 0 0 440925 0 28167 0 14223 0 817967 0 0 0 DR CHRISTOPHER PETERS 0 141334 0 0 0 180 0 14802 0 15788 0 172104 0 0 DR CHARLIE MOYER 0 385266 0 0 0 1699 0 24500 0 18070 0 429535 0 0 DR JAMES R RAMSEY 0 321791 0 0 0 1188 0 24500 0 17052 0 364531 0 0 DR KENNETH SCHIKLER 0 179379 0 0 0 1188 0 18652 0 16248 0 215467 0 0 DR SHIRLEY WILLIHNGANZ 0 304218 0 0 0 774 0 36768 0 15321 0 357081 0 0 JEFF WALZ 563901 0 78917 0 2670 0 62000 0 20202 0 727690 0 0 0 JULIE HERMANN 229626 0 0 0 750 0 23073 0 16202 0 269651 0 0 0 KEITH INMAN 0 296021 0 0 0 774 0 24500 0 18861 0 340156 0 0 RICHARD PITINO 2987742 0 131969 0 176847 0 1006318 0 20301 0 4323177 0 0 0 RONALD KEVIN MILLER 197593 0 6000 0 1188 0 20371 0 16929 0 242081 0 0 0 STEVEN J KRAGTHORPE 0 0 0 0 1100000 0 0 0 0 0 1100000 0 0 0 THOMAS JURICH 494140 0 422000 0 1197205 0 314777 0 17861 0 2445983 0 0 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 - $189,570 TAX GROSS UPS ON CONTRIBUTIONS TO EMPLOYEE'S RETIREMENT AND DEFERRED COMPENSATION PLANS; $24,196 TAX GROSS UP ON LIFE INSURANCE PREMIUMS; AND $653,625 PAYMENT RELATING TO TAXES ON EMPLOYEE'S PRIVATE OPTION PLAN VESTING IN 2008 AND 2009. 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 - $1,100,000 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. Compensation contingent on revenues of the organization Schedule J, Part I, Line 5a JEFF WALZ - INCENTIVE COMPENSATION BASED ON TICKET SALES - $25,000 LOUISVILLEJEFFERSON COUNTY METRO GOVERNMENT 320049006 54675PBN4 2008-08-05 84120788 RETIRE 1997 BONDS AND FINANCE FOOTBALL STADIUM EXPANSION false true false 17520000 0 87800942 6888748 1525313 0 984671 26343 0 69529380 11863455 0 2010 true false true true false false true true false 0.1470 0.0000 0.1470 true false false false true SEE PART VI true false false X TOTAL PROCEEDS OF ISSUE PART II, LINE 3 TOTAL PROCEEDS OF $87,800,942 LESS INTEREST EARNINGS OF $3,680,154 RECONCILES TO THE ISSUE PRICE OF $84,120,788. PART II LINE 4 INCLUDES $3,016,968 OF TRANSFERRED PROCEEDS. PROVIDER AND TERM PART IV, LINE 4A GIC #1 PROVIDER = NATIXIS TERM = 17 YEARS; GIC #2 = WEST LB TERM = 10 YEARS X 1 814088 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. MISSION STATEMENT FORM 990, PART III, LINE 1 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. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A ARGUABLY, THE MOST REMARKABLE AND UNEXPECTED SUCCESS CAME FROM THE MEN'S BASKETBALL TEAM, AS THE CARDINALS FOUGHT THEIR WAY TO THE NCAA FINAL FOUR. AT THE BIG EAST TOURNAMENT, THE TEAM WON FOUR GAMES IN FOUR DAYS TO CAPTURE ITS SECOND BIG EAST TOURNAMENT TITLE SINCE JOINING THE CONFERENCE IN 2005 WHILE KNOCKING OFF SOME OF THE NATION'S ELITE ON THE WAY TO NEW ORLEANS. EARNING FALL BIG EAST CROWNS WERE FOOTBALL (REGULAR SEASON), WHICH MADE ITS WAY TO ITS SECOND-STRAIGHT BOWL GAME, VOLLEYBALL (REGULAR SEASON), WOMEN'S SOCCER (REGULAR SEASON) AND WOMEN'S SWIMMING AND DIVING (TOURNAMENT). NOTABLY, THE WOMEN'S SOCCER TEAM EXTENDED ITS RUN IN THE POSTSEASON, ADVANCING TO ITS FIRST NCAA SWEET 16 IN PROGRAM HISTORY. IN THE SPRING, THE WOMEN'S OUTDOOR TRACK AND FIELD TEAM CAPTURED AN UNPRECEDENTED FIFTH-STRAIGHT BIG EAST TITLE, THE SOFTBALL TEAM STRUCK TWICE, WINNING THE REGULAR-SEASON AND TOURNAMENT TITLES, BASEBALL WON ITS THIRD REGULAR-SEASON CROWN AND MEN'S TENNIS EARNED ITS FOURTH OVERALL - THIRD STRAIGHT - BIG EAST TOURNAMENT TITLE. ON AN INDIVIDUAL SCALE, ACCOLADES WERE FAR FROM LIMITED. ON THE MEN'S SIDE, FOOTBALL'S TEDDY BRIDGEWATER GARNERED LOUISVILLE'S SECOND-STRAIGHT BIG EAST ROOKIE OF THE YEAR, GARNERING MULTIPLE ALL-AMERICA DISTINCTIONS, AND MEN'S SOCCER'S AUSTIN BERRY EARNED THIRD TEAM ALL-AMERICA HONORS. MEN'S BASKETBALL RACKED UP THE AWARDS DURING ITS RUN: PEYTON SIVA (BIG EAST TOURNAMENT MOST OUTSTANDING PLAYER), CHANE BEHANAN (NCAA WEST REGIONAL MOST OUTSTANDING PLAYER), AND KYLE KURIC (LEAGUE HONORABLE MENTION) AND BEHANAN (CONFERENCE ALL-ROOKIE TEAM). IN THE SPRING, BASEBALL'S JUSTIN AMLUNG EARNED LOUISVILLE SLUGGER THIRD-TEAM ALL-AMERICA HONORS. ON THE WOMEN'S SIDE, SOCCER'S CHRISTINE EXETER WAS NAMED BIG EAST OFFENSIVE PLAYER OF THE YEAR AND A THIRD TEAM ALL-AMERICAN, WOMEN'S BASKETBALL'S SHONI SCHIMMEL WAS TABBED AN ALL-BIG EAST FIRST TEAM SELECTION WHILE TEAMMATE BRIA SMITH EARNED ALL-AMERICA HONORS AND VOLLEYBALL'S LOLA ARSLANBEKOVA EARNED THIRD TEAM ALL-AMERICA HONORS. IMPRESSIVELY, THE MEN'S SOCCER TEAM HAD FOUR MLS DRAFT PICKS, MAKING LOUISVILLE THE ONLY SCHOOL WITH THREE PICKS IN THE FIRST ROUND AND FOUR OVERALL. ON A NATIONAL AND INTERNATIONAL SCALE, LOUISVILLE EARNED ADDED RECOGNITION, AS FORMER CROSS COUNTRY/TRACK AND FIELD STANDOUT WESLEY KORIR CAPTURED THE 2012 BOSTON MARATHON, AND FORMER WOMEN'S BASKETBALL STAR ANGEL MCCOUGHTRY WAS SELECTED TO THE 2012 U.S. OLYMPIC WOMEN'S BASKETBALL TEAM. ACADEMICALLY, LOUISVILLE'S STUDENT-ATHLETES ENJOYED THE SAME WEALTH OF SUCCESS. THE FOOTBALL TEAM LANDED 22 ON THE BIG EAST ALL-ACADEMIC TEAM, AND MEN'S CROSS COUNTRY, WOMEN'S CROSS COUNTRY, AND FIELD HOCKEY EARNED NATIONAL ALL-ACADEMIC TEAM HONORS. 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 other officers/key employees Form 990, Part VI, Section B, Line 15b THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S 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 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. INDIVIDUALS FOR WHOM THE ABOVE PROCESS WAS USED DURING 2011: - MEN'S HEAD FOOTBALL COACH - MEN'S HEAD BASEBALL COACH 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. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -2658717; 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 611014882 EDUCATION KY N/A NA false UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611029626 RESEARCH KY 501(C)(3) 5 UNIVERSITY OF LOUISVILLE false UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL FUND INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 610888729 EDUCATION KY 501(C)(3) 11 - Type I UNIVERSITY OF LOUISVILLE false THE QUALITY AND CHARITY CARE TRUST UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611024497 TRUST FOR INDIGENT CARE KY 501(C)(3) 7 UNIVERSITY OF LOUISVILLE false UNIVERSITY PHYSICIANS GROUP INC 323 EAST CHESTNUT STREET LOUISVILLE KY 402021823 611346817 MEDICAL CARE KY 501(C)(3) 3 UNIVERSITY OF LOUISVILLE false UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL PRACTICE ASSOC 555 SOUTH JACKSON STREET LOUISVILLE KY 40202 611250153 MEDICAL CARE KY 501(C)(3) 7 UNIVERSITY OF LOUISVILLE false false false false false false false false false false true false false true true true true false false