2026-05-15T01:35:05+00:00 2025-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2024-07-01 311106941 University of Louisville Athletic Association UNIV 5028527072 2215 S Brook Street Louisville KY 402082772 MICHELLE COMER CONTROLLER/TREASURER 2026-05-15 true true Rachel Spurlock P00520729 5023263996 2026-05-15 2024 2025-03-06 01:10:19Z Dr Thomas Gerard Bradley 2215 S Brook Street Louisville KY 402082772 142943056 false X http://www.gocards.com/ X 1984 KY The University of Louisville Athletic Association is organized to develop intercollegiate athletic teams composed of students of the University of Louisville and to schedule and manage intercollegiate athletic contests, all in the harmony with and in subjection to the general education policy of the University of Louisville. 28 10 666 116 141468 102429 35628183 35705135 81750347 85983708 209248 257084 23160498 20997129 140748276 142943056 17753593 17095891 0 65112862 55064953 0 1858641 71401012 87206365 154267467 159367209 -13519191 -16424153 331275531 317992631 241038967 243010320 90236564 74982311 The University of Louisville Athletic Association is organized to develop intercollegiate athletic teams composed of students of the University of Louisville and to schedule and manage intercollegiate athletic contests, all in the harmony with and in subjection to the general education policy of the University of Louisville. false false 150108089 17095891 86676046 The University of Louisville Athletic Association reached new heights in academic achievement, setting a department record with a 96% Graduation Success Rate (GSR), as reported by the NCAA. This milestone reinforces the organization's trajectory of academic excellence, with 18 programs achieving a GSR of 90 or higher and nine programs recording a perfect 100 mark. Continuing this commitment, ten Cardinal programs-including Men's and Women's Basketball, Men's and Women's Cross Country, Men's and Women's Golf, Men's Soccer, Softball, Women's Track and Field, and Volleyball-earned a perfect 1,000 Academic Progress Rate (APR) score. Every athletic program exceeded the required NCAA multi-year standards, ensuring robust eligibility and retention across the department. Supporting this dual-mission of excellence, the association provided vital scholarship support to nearly 850 student-athletes, enabling success both in the classroom and in competition. On the field, Louisville remained a premier national force, finishing 37th in the Learfield Directors' Cup. This marks the 15th consecutive season the Cardinals have ranked among the top 40 programs nationwide. Throughout the year, 10 different sport programs earned a Top-25 national ranking, and 11 programs advanced to postseason play. The Volleyball program delivered a historic season, hosting the NCAA Final Four and finishing as the National Runner-Up. In Football, the Cardinals achieved nine wins in back-to-back seasons for the first time in over a decade, culminating in a Sun Bowl victory. The Men's Basketball program saw a resurgence, reaching the ACC Tournament Championship game and returning to the NCAA Tournament, while Baseball made its sixth appearance in the College World Series. Individual performances further cemented Louisville's global athletic standing. Synclair Savage captured the NCAA National Title in the women's long jump, becoming the first in program history to win that specific event. In Swimming and Diving, Denis Petrashov achieved national runner-up honors in the 100 breaststroke, while the women's team secured its eighth Top-10 national finish in a decade. The All-Girl Cheer squad continued its unprecedented dominance, winning its 11th consecutive National Championship. Professional recognition also followed Cardinal athletes, with high-profile selections in the NFL, MLB, and PVF drafts, including first-round picks in baseball and volleyball. These milestones collectively define a year of distinction, blending historic athletic results with record-breaking academic performance. 150108089 true true false 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 false false false false false false false false false false true false false false false true false false false false true 272 0 true 666 true true true false false false false false false false false false true false X 28 10 false false false false false false true true true false false false true true true true true true true true false false KY X X Michelle Comer 5028526164 Service Complex-Univ of Louisville Louisville KY 40292 Allie Rose Phillips Secretary 0.5 5.5 X X 0 9750 0 C Aaron LeMay Assistant Treasurer from 3/1/25 0.5 49.5 X X 0 0 0 Charles Perusse Asst. Treasurer to 2/28/25 0.5 49.5 X X 0 0 0 Dr Kim Schatzel Pres/Chair to 3/26/25 0.5 49.5 X X 0 947939 299255 Dr Sherri L Wallace Vice Chair 0.5 49.5 X X 0 141816 31120 Dr Thomas Gerard Bradley Director to Pres eff 3/27/25 0.5 49.5 X X 0 657196 61427 Kari L Donahue Treasurer 0.5 49.5 X X 0 88708 30400 Andrew Trager-Kusman Director 0.5 0 X 0 0 0 Christopher Dischinger Director from 4/16/25 0.5 0.5 X 0 0 0 Douglas Craddock Director 0.5 49.5 X 0 233557 54123 Dr Harini Chenna Director 0.5 49.5 X 0 212073 37079 Dr Kathryn Cardarelli Director from 3/27/25 0.5 49.5 X 0 318353 14668 Dr Krista B Wallace-Boaz Director 0.5 49.5 X 0 130852 36110 Dr Raymond Burse Director to 4/15/25 0.5 0.5 X 0 0 0 Dr Tabitha Grier-Reed Director from 4/9/25 0.5 49.5 X 0 140972 7041 Gayle Saunders Director 0.5 0 X 0 0 0 Griffin Gould Director 0.5 9.5 X 0 8750 0 Laurence Benz Director 0.5 0.5 X 0 0 0 Lee A Gill JD Director 0.5 49.5 X 0 256903 37340 Prof Jason Cumberledge Director 0.5 49.5 X 0 93647 28535 Prof Jeremy D Clark Director 0.5 49.5 X 0 133994 21698 Prof Margaret Hancock Director 0.5 49.5 X 0 97272 29660 Prof Melissa Barnes Director 0.5 49.5 X 0 75668 34237 Prof Michael Brandon McCormack Director 0.5 49.5 X 0 139777 27006 Prof Sharon Moore Director 0.5 49.5 X 0 53736 26180 Robert Kohn Director 0.5 0 X 0 0 0 Ronald L Wright Director 0.5 0 X 0 0 0 Ryan Bridgeman Director 0.5 0 X 0 0 0 Sam Rechter Director to 4/7/25 0.5 0 X 0 0 0 Sandra Russell Director 0.5 49.5 X 0 211812 23875 Sherrill Zimmerman Director 0.5 0.5 X 0 0 0 Steve Jones Director 0.5 0 X 0 0 0 Joshua W Heird Athletic Director 50.0 0 X 1077315 0 189504 Kyle J Beamer Assistant Secretary 0.5 49.5 X 0 88200 25346 Amy M Calabrese Deputy Athletic Director 50.0 0 X 228905 0 53114 Marvin Mitchell Deputy Athletic Director 50.0 0 X 262078 0 43257 Daniel S McDonnell Men's Baseball Coach 50.0 0 X 1472586 0 144035 Jeff Walz Women's Basketball Coach 50.0 0 X 1155072 0 58377 Jeffrey Brohm Head Football Coach 50.0 0 X 6703449 0 856117 Kenneth Payne Men's Basketball Coach 50.0 0 X 7645170 0 40575 Patrick Kelsey Men's basketball coach 50.0 0 X 1846106 0 45334 Daniel A Durbin Former Asst. Treasurer 50.0 X 0 526076 61496 Eugene G Mueller Former Vice Chair 50.0 X 0 149912 31121 20390681 4716963 2348030 78 true true false STM CHARTERS INC 1203 W RIDGEWAY AVE WATERLOO IA 50701 TRAVEL SERVICES 1688138 SERVICE AMERICA CORPORATION 1 INDEPENDENCE PT STE 305 GREENVILLE SC 29615 CONCESSION SERVICES 1562556 NEW ENGLAND FLIGHT WATCH LLC 4 ARLINGTON PLACE HAVERHILL MA 01830 TRAVEL SERVICES 1299434 AEG MANAGEMENT LOUISVILLE LLC 1 ARENA PLAZA LOUISVILLE KY 40202 EVENT MANAGEMENT 882770 ARC CONSTRUCTION MANAGEMENT LLC 332 SPRING ST JEFFERSONVILLE IN 47130 CONSTRUCTION SERVICES 780253 43 1861226 33843909 35705135 TOTAL SPORTS REVENUE 711210 85080013 84938545 141468 STUDENT ATHLETIC FEES AND RELATED 713940 903695 903695 0 0 0 0 85983708 254008 254008 20163323 20163323 0 0 3076 3076 0 3076 3076 ADMINISTRATIVE SUPPORT SERVICES 561990 472432 472432 MARKETING AND DEVELOPMENT REVENUE 711320 361374 361374 0 0 0 0 833806 142943056 86676046 141468 20420407 17095891 17095891 1444230 1444230 44308887 42265251 1005335 1038301 6660716 6098153 321501 241062 2651120 2459787 118270 73063 66178 66178 42508 40000 2508 8318041 5423630 2616605 277806 631553 567621 24891 39041 358712 351824 3827 3061 1526016 1510593 14774 649 11726 11726 2804646 2801526 3120 17049026 16872944 85726 90356 34812 34812 2576241 2576241 12415769 12415769 2944857 2944857 STUDENT ATHLETE REVENUE SHARE 12657868 12657868 MISCELLANEOUS 11969912 10249066 1693922 26924 SMALL EQUIPMENT PURCHASES AND RENTALS 4028404 3991638 1598 35168 ATHLETIC EVENT FEES AND EXPENSES 3912141 3873140 9314 29687 5857955 5839574 17366 1015 159367209 150108089 7400479 1858641 51500 51500 5723848 3251237 9417226 9260093 63280423 61831680 0 0 0 5675494 5711849 1084491 2656870 365198710 135550648 240728117 229648062 4090353 4074013 0 0 1224079 1507327 331275531 317992631 23853861 24028189 69683486 71625265 0 29326926 33679775 118174694 113677091 241038967 243010320 90236564 74982311 90236564 74982311 331275531 317992631 X -16424153 153765 1016135 X false true true false X X X 1 UNIVERSITY OF LOUISVILLE 611014882 6 true 0 3582249 1 0 3582249 35399937 36767130 38545944 35628183 35705135 182046329 0 0 35399937 36767130 38545944 35628183 35705135 182046329 0 182046329 44629525 50047757 49028634 49936371 20420407 214062694 32704 76186 391889 382421 102429 985629 0 0 0 0 0 0 397094652 0 0.45845 0.4392 X true true false false false false false false false false false false false false false true false Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) The University of Louisville Athletics Association supports the University of Louisville, a State university exempt under IRC Sec 115. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3908042 176889 183697 164682 0 29933 4074013 3537193 12210 398769 12210 0 27920 3908042 3399568 20878 163638 20878 0 26013 3537193 3468200 0 25325 60000 0 33957 3399568 5459918 339000 740747 1492944 1528552 49969 3468200 0.391 0.609 0.0 true false 5150911 5150911 287807858 108506629 179301229 799301 751724 47577 13695917 11842335 1853582 57744723 14449960 43294763 229648062 Federal Income Taxes DUE TO UNIVERSITY OF LOUISVILLE 71448513 LEASES PAYABLE 41228578 DUE TO UNIVERSITY OF LOUISVILLE FOUNDATION 1000000 113677091 142971821 153765 0 153765 142818056 125000 125000 142943056 159242209 -125000 -125000 159367209 0 0 159367209 Schedule D, Part V, Line 4 Intended uses of endowment funds The University of Louisville Athletic Association's main endowment investments are intended for athletic scholarships. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RECLASS REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENTS - 125000 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RECLASS REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENTS - -125000 Central America and the Caribbean 0 0 Program Services TRAVEL FOR RECRUITING AND ATHLETIC EVENTS 51545 East Asia and the Pacific 0 0 Program Services TRAVEL FOR RECRUITING AND ATHLETIC EVENTS 5656 Europe (Including Iceland and Greenland) 0 0 Program Services TRAVEL FOR RECRUITING AND ATHLETIC EVENTS 78177 Middle East and North Africa 0 0 Program Services TRAVEL FOR RECRUITING AND ATHLETIC EVENTS 400 North America (Canada & Mexico only) 0 0 Program Services TRAVEL FOR RECRUITING AND ATHLETIC EVENTS 21296 South America 0 0 Program Services TRAVEL FOR RECRUITING AND ATHLETIC EVENTS 8411 South Asia 0 0 Program Services TRAVEL FOR RECRUITING AND ATHLETIC EVENTS 903 Sub-Saharan Africa 0 0 Program Services TRAVEL FOR RECRUITING AND ATHLETIC EVENTS 18138 0 0 0 0 0 0 184526 0 184526 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Cash; EAST ASIA AND THE PACIFIC-Cash; EUROPE (INCLUDING ICELAND AND GREENLAND)-Cash; MIDDLE EAST AND NORTH AFRICA-Cash; NORTH AMERICA (CANADA & MEXICO ONLY)-Cash; SOUTH AMERICA-Cash; SOUTH ASIA-Cash; SUB-SAHARAN AFRICA-Cash true SCHOLARSHIPS 846 17095891 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds 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 true true X X X X X false true false false false false false false false Daniel A Durbin Former Asst. Treasurer 0 524888 0 0 0 1188 0 34500 0 26996 0 587572 0 0 Eugene G Mueller Former Vice Chair 0 149138 0 0 0 774 0 13414 0 17707 0 181033 0 0 Dr Thomas Gerard Bradley Director to Pres eff 3/27/25 0 656008 0 0 0 1188 0 34500 0 26927 0 718623 0 0 Dr Kim Schatzel Pres/Chair to 3/26/25 0 929191 0 0 0 18748 0 234500 0 64755 0 1247194 0 0 Dr Sherri L Wallace Vice Chair 0 141042 0 0 0 774 0 13483 0 17637 0 172936 0 0 Dr Krista B Wallace-Boaz Director 0 130438 0 0 0 414 0 13790 0 22320 0 166962 0 0 Prof Jeremy D Clark Director 0 133814 0 0 0 180 0 13850 0 7848 0 155692 0 0 Lee A Gill JD Director 0 254925 0 0 0 1978 0 19364 0 17976 0 294243 0 0 Prof Michael Brandon McCormack Director 0 139507 0 0 0 270 0 10411 0 16595 0 166783 0 0 Douglas Craddock Director 0 233377 0 0 0 180 0 24786 0 29337 0 287680 0 0 Sandra Russell Director 0 210624 0 0 0 1188 0 21063 0 2812 0 235687 0 0 Dr Kathryn Cardarelli Director from 3/27/25 0 298150 0 0 0 20203 0 0 0 14668 0 333021 0 0 Dr Harini Chenna Director 0 211911 0 0 0 162 0 21285 0 15794 0 249152 0 0 Joshua W Heird Athletic Director 840700 0 200000 0 36615 0 165350 0 24154 0 1266819 0 95000 0 Amy M Calabrese Deputy Athletic Director 220347 0 0 0 8558 0 23237 0 29877 0 282019 0 0 0 Marvin Mitchell Deputy Athletic Director 258604 0 0 0 3474 0 25819 0 17438 0 305335 0 0 0 Jeff Walz Women's Basketball Coach 990978 0 25000 0 139094 0 34500 0 23877 0 1213449 0 0 0 Daniel S McDonnell Men's Baseball Coach 1366779 0 75000 0 30807 0 120960 0 23075 0 1616621 0 0 0 Kenneth Payne Men's Basketball Coach 814705 0 0 0 6830465 0 34500 0 6075 0 7685745 0 0 0 Jeffrey Brohm Head Football Coach 5091779 0 1500000 0 111670 0 833042 0 23075 0 7559566 0 250000 0 Patrick Kelsey Men's basketball coach 1735891 0 0 0 110215 0 25875 0 19459 0 1891440 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel Both men's and women's basketball teams, volleyball teams, and our football team all 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 I schools. Per the organization's policies, first class airfare cannot be expensed back to the organization. Schedule J, Part I, Line 1a Travel for companions 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. All spousal or family member travel is taxed as applicable according to IRS rules and regulations. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Jeff Brohm - tax grossup on additional term life insurance premiums Patrick Kelsey - tax grossup on relocation expenses Jeff Walz - tax grossup on imputed interest on split dollar life insurance All tax gross ups were reflected as taxable compensation on the individuals' Forms W-2. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The organization is authorized to provide country club memberships for the athletic director and some of its coaching staff as part of their respective employment contracts. These benefits are taxed accordingly where provided. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Jeff Walz participated in a split dollar life insurance compensation plan during the year of which $54,417 was treated as taxable imputed interest on premium loans. 2 201000 Market value X SUPPLIES & SERVICES 13 1528624 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Other - SUPPLIES & SERVICES MULTIPLE CONTRIBUTIONS OF SUPPLIES AND SERVICES USED IN ATHLETIC EVENTS AND CONSTRUCTION PROJECTS. Securities - Publicly traded - 1 CONTRIBUTION OF 175 SHARES OF PUBLICLY TRADED STOCK AND 1 CONTRIBUTION OF 2,505 SHARES OF PUBLICLY TRADED STOCK. Form 990, Part VI, Line 18 TAX RETURN DISCLOSURE COPIES OF THE ORGANIZATION'S MOST RECENT FORMS 990 AND 990-T ARE AVAILABLE UPON REQUEST. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The organization's bylaws provide for an executive committee. The executive committee includes the following members: (1) Chair of the board or the chair's designee; (2) Faculty Athletics Representative to the NCAA (FAR); (3) One vice president; (4) One administrator; (5) One faculty member; (6) One trustee; (7) One at-large member; and (8) the Responsible Officer (VP for Athletics) as non-voting, ex officio. The executive committee acts for the board in the interim between regular meetings in actions such as hiring of coaches and to elect, appoint, or remove other members of the board. Any majority vote for an action must include the President voting in the affirmative. Form 990, Part VI, Line 11b Review of form 990 by governing body University of Louisville finance personnel and an outside firm prepared the return and a copy of the return was provided to all board members for review prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy If an item is presented to the Board of Directors (or any other policy board) for action, e.g., purchase of property, merging with another entity, buying services, etc., the Board member will disclose his or her possible conflict of interest and must recuse himself or herself from voting. The Board member also avoids participating in any decision or advocating for any decision of the Board. In some circumstances, e.g., when the conflict of the Board member places the Board member in competition with the University, the Board member will leave the board meeting during discussion or update on the action. Before any meeting of the various boards, an agenda is circulated to each member or director with descriptions of the action items. This allows sufficient time for any board member or director to alert the board about a potential conflict of interest. Past practice includes written disclosure by the board member outlining: (1) that a conflict of interest may exist; (2) the nature and extent of the conflict; and (3) the description and potential benefit, direct or indirect, to the member of the board. This information will be supplied to legal counsel and the entire board ahead of the meeting, and a copy of the information will be maintained in the board member's file. Form 990, Part VI, Line 15a Process to establish compensation of top management official The process for determining compensation of the organization's Athletic Director, the top management official, involved all of the following elements: - Data gathering and analysis of compensation at comparably sized organizations by an independent third-party consulting firm along with benchmarking against other qualified officials in similarly situated positions; - Review and approval of the third-party firm's analysis by the organization's independent personnel committee; - Review and approval by the organization's board of directors pursuant to feedback from the personnel and the third-party consulting firm; and - Contemporaneous documentation of the compensation determination process by the third-party consulting firm and by both the personnel committee and the board of directors in each body's respective minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE PROCESS FOR DETERMINING COMPENSATION OF THE DEPUTY ATHLETIC DIRECTOR INVOLVED ALL OF THE FOLLOWING ELEMENTS: - Data gathering by the board's independent personnel committee 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 board of directors; and - Contemporaneous documentation of the compensation determination process by the organization's administration and by the personnel committee and the board of directors in each body's respective minutes. Form 990, Part VI, Line 19 Required documents available to the public Copies of the organization's financial statements, articles of incorporation, and conflict of interest policy are available at www.louisville.edu or upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances COMPENSATED ABSENCES ADJUSTMENT - GASB STMT NO. 101 - 1016135; Total - 1016135; UNIVERSITY OF LOUISVILLE 2215 S BROOK STREET LOUISVILLE KY 402082772 611014882 EDUCATON KY 115 NA false UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC 2215 S BROOK STREET LOUISVILLE KY 402082772 611029626 RESEARCH KY 501(c)(3) 5 UNIVERSITY OF LOUISVILLE false UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL PRACTICE ASSOC 550 SOUTH JACKSON STREET LOUISVILLE KY 40202 611250153 MEDICAL CARE KY 501(c)(3) Type II UNIVERSITY OF LOUISVILLE false UNIVERSITY PHYSICIANS GROUP INC 323 EAST CHESTNUT STREET LOUISVILLE KY 40202 611346817 MEDICAL CARE KY 501(c)(3) 3 UNIVERSITY OF LOUISVILLE false UNIVERSITY MEDICAL CENTER INC 530 S JACKSON STREET LOUISVILLE KY 40202 611293786 MEDICAL CARE KY 501(c)(3) 3 UNIVERSITY OF LOUISVILLE false false false true false true false false false false false false false true true true true true false false