2025-05-15T13:44:05+00:00 2024-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2023-07-01 311106941 University of Louisville Athletic Association UNIV 5028527072 2215 S Brook Street Louisville KY 402082772 NICK BOWES DEPUTY ATHLETIC DIRECTOR 2025-05-15 true Rachel Spurlock P00520729 5023263996 2025-05-15 2023 2025-03-06 01:10:19Z Dr Thomas Gerard Bradley 2215 S Brook Street Louisville KY 402082772 140795668 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. 29 10 620 121 1161755 382421 38545944 35628183 47440204 52341148 24702 209248 50954406 52569697 136965256 140748276 19916667 17753593 0 51523589 65112862 0 1994252 69587686 71401012 141027942 154267467 -4062686 -13519191 352949635 331275531 249575937 241038967 103373698 90236564 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 148627256 17753593 54065844 The University of Louisville's 2023-24 athletic year was defined by exceptional academic accomplishments, highlighted by a department-record 93% Graduation Success Rate (GSR), as reported by the NCAA-surpassing the school's previous best and reinforcing a strong upward trajectory in student-athlete graduation outcomes. Demonstrating continued commitment to academic excellence, ten Cardinal programs earned a perfect 1,000 in the most recent single-year Division I Academic Progress Rate (APR) . These teams included men's and women's basketball, men's cross country, field hockey, men's and women's golf, lacrosse, men's tennis, men's track and field, and volleyball. Collectively, Cardinal student-athletes achieved a department-wide GPA of 3.311 for the spring 2024 semester, marking the 27th consecutive semester with a GPA of 3.0 or higher. Remarkably, 98 student-athletes earned a perfect 4.0 GPA during the term. Supporting this success, the Association awarded over $17.5 million in scholarships to nearly 900 student-athletes. On the field, Louisville maintained its standing as a national athletic force. The Cardinals ranked 27th in the Learfield Directors' Cup, marking their 14th straight year among the top 40 programs nationwide. The women's sports programs also achieved a notable ranking of 14th nationally in the Capital One Cup standings. For the year, nine Louisville programs earned a top-25 national ranking, and 11 teams advanced to postseason play. A major highlight came from the football program, which, under head coach Jeff Brohm, secured its first 10-win season since 2013 and made its inaugural appearance in the ACC Championship game. Individual athletes also delivered historic performances. Anna DeBeer powered women's volleyball to a third consecutive Elite Eight berth and was honored as ACC Player of the Year and AVCA East Region Player of the Year. In men's tennis, Etienne Donnet and Natan Rodrigues became the first Cardinals to reach the NCAA Semifinals. Jayden Ulrich made Cardinal history in women's track and field with top-five NCAA Championship finishes in multiple events, earning a spot on the 2024 U.S. Olympic team in the discus. In swimming and diving, the global stage beckoned as three Cardinals-Murilo Sartori (Brazil), Nicolas Albiero (USA), and Else Praasterink (Netherlands)-qualified for the 2024 Olympics, capping a year of excellence that blended academic distinction with athletic achievement. 148627256 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 false false false false false false false false true false false false false true false false false true 279 7 true 620 true true true false false false false false false false false false true false X 29 10 false false false false false false true true true false false true true true true true true true true false KY X X Michelle Comer 5028526164 Service Complex-Univ of Louisville Louisville KY 40292 Charles Perusse Asst. Treasurer from 5/13/24 0.5 49.5 X X 0 0 0 Daniel A Durbin Asst. Treasurer to 5/12/24 0.5 49.5 X X 0 494066 56228 Dr Kim Schatzel Pres/Chair 0.5 49.5 X X 0 930957 290624 Dr Sherri L Wallace Vice Chair 0.5 49.5 X X 0 126210 28881 Kari L Donahue Treasurer 0.5 49.5 X X 0 78125 28589 Sarah K Hayden Secretary 0.5 6.0 X X 0 12972 0 Carolyn M Klinge PhD Director 0.5 49.5 X 0 153161 35225 Claudia Angeli PhD Director to 10/4/23 0.5 49.5 X 0 112866 23030 Dennis P Heishman Director 0.5 0 X 0 0 0 Douglas Craddock Director 0.5 49.5 X 0 234165 50192 Dr Amy S Lingo Director 0.5 49.5 X 0 277979 46496 Dr Krista B Wallace-Boaz Director 0.5 49.5 X 0 128321 34865 Dr Raymond Burse Director from 6/21/24 0.5 0.5 X 0 0 0 Dr Thomas Gerard Bradley Director 0.5 49.5 X 0 600494 58186 Gayle Saunders Director 0.5 0 X 0 0 0 James M Rogers Director to 4/25/24 0.5 0.5 X 0 0 0 Laurence Benz Director 0.5 0.5 X 0 0 0 Lee A Gill JD Director 0.5 49.5 X 0 251388 35793 Margaret Hancock PhD Director 0.5 49.5 X 0 91699 28302 Nkechinyere T Okorie Director 0.5 5.5 X 0 6687 0 Prof Jeremy D Clark Director 0.5 49.5 X 0 131822 23412 Prof Melissa Barnes Director 0.5 49.5 X 0 73184 36272 Prof Michael Brandon McCormack Director 0.5 49.5 X 0 113589 24636 Prof Robert Eric Berson Director from 11/17/23 0.5 49.5 X 0 137435 17313 Prof Sharon Moore Director 0.5 49.5 X 0 111733 30089 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 0.5 0 X 0 0 0 Sandra Russell Director from 3/27/24 0.5 49.5 X 0 206759 23303 Shannon I Rickett Director to 1/12/24 0.5 49.5 X 0 162678 32629 Shannon Tivitt Director 2/1 - 3/20/24 0.5 0 X 0 0 0 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 986473 0 243056 Kyle J Beamer Assistant Secretary 0.5 49.5 X 0 86309 24105 Amy M Calabrese Deputy Athletic Director 50.0 0 X 220768 0 50693 Marvin Mitchell Deputy Athletic Director 50.0 0 X 248942 0 44598 Daniel S McDonnell Men's Baseball Coach 50.0 0 X 1414344 0 141279 Jeff Walz Women's Basketball Coach 50.0 0 X 1435286 0 55611 Jeffrey Brohm Head Football Coach 50.0 0 X 5579139 0 1100722 Kenneth Payne Men's Basketball Coach 50.0 0 X 3445820 0 322864 Ronald English Asst. Football Coach 50.0 0 X 743183 0 55560 Eugene G Mueller Former Vice Chair 50.0 X 0 139187 29670 Lori Gonzalez PhD Former Pres/Chair 50.0 X 0 424193 34432 14073955 5085979 3006655 75 true true false Delta Air Lines Inc 1030 Delta Blvd Atlanta GA 30320 Travel services 1477060 Buffalo Construction Inc 12700 Otto Knop Dr Louisville KY 40299 Construction services 1455000 Service America Corporation 300 First Stamford Pl Stamford CT 069042203 Concession services 1272027 STM Charters Inc 1203 West Ridgeway Ave Waterloo IA 50701 Travel services 1116253 Air Planning LLC 2 Main St Salem NH 03079 Travel services 891374 47 3277927 32350256 828900 35628183 Total Sports Revenue 711210 51541148 50379393 1161755 Student Athletic Fees and Related 713940 800000 800000 0 0 0 0 52341148 253125 253125 49683246 49683246 0 0 3515 47392 3515 -47392 -43877 -43877 Administrative Support Services 561990 2514111 2514111 Marketing and Development Revenue 711320 372340 372340 0 0 0 0 2886451 140748276 54065844 1161755 49892494 17753593 17753593 1046521 1046521 52468310 50270582 987237 1210491 6505909 5913061 319507 273341 5092122 4892544 109189 90389 94954 94954 51495 16025 30600 4870 8315079 7309506 926436 79137 341757 298434 24853 18470 283122 273868 3117 6137 1354043 1338458 6841 8744 2904771 2873933 2700 28138 16773294 16496846 98043 178405 21896 21896 2589740 2589740 12424352 12424352 2056914 2056914 Athletic event fees and expenses 3559369 3538550 5166 15653 Repairs and maintenance 3147970 3141847 6111 12 Small equipment purchases and rentals 2536954 2500160 1419 35375 Other licenses and fees 2439031 2419014 20017 12506271 12402979 58202 45090 154267467 148627256 3645959 1994252 51500 51500 11043895 5723848 8948229 9417226 70241413 63280423 0 0 0 0 5400451 5675494 1543051 1084491 364295288 123567171 250294306 240728117 3907852 4090353 0 0 1518938 1224079 352949635 331275531 21836554 23853861 70378248 69683486 0 0 32348965 29326926 125012170 118174694 249575937 241038967 X 103373698 90236564 103373698 90236564 352949635 331275531 -13519191 383057 -1000 0 X false true X true false X X X 1 UNIVERSITY OF LOUISVILLE 611014882 6 true 1480728 0 1 1480728 0 39240784 35399937 36767130 38545944 35628183 185581978 0 0 39240784 35399937 36767130 38545944 35628183 185581978 0 185581978 42326450 44629525 50047757 49028634 49936371 235968737 83512 32704 76186 391889 382421 966712 0 0 0 0 0 0 422517427 217819778 0.4392 0.4582 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 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 11148321 15091 420662 476275 5544637 103244 5459918 0.391 0.609 0.0 true false 5150911 5150911 287628820 101172910 186455910 799301 713662 85639 13574902 9852196 3722706 57141354 11828403 45312951 240728117 Due to University of Louisville 76215476 Leases Payable 40959218 Due to University of Louisville Foundation 1000000 118174694 141178725 383057 0 383057 140795668 -47392 -47392 140748276 154314859 47392 47392 154267467 0 0 154267467 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 LOSS ON ASSET DISPOSAL TO PART VIII - -47392 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RECLASS LOSS ON ASSET DISPOSAL TO PART VIII - 47392 South America 0 0 Program Services Student Athlete Recruiting and team travel 26265 Europe (Including Iceland and Greenland) 0 0 Program Services Student Athlete Recruiting and team travel 121381 Sub-Saharan Africa 0 0 Program Services Student Athlete Recruiting and team travel 4170 Middle East and North Africa 0 0 Program Services Student Athlete Recruiting 12472 East Asia and the Pacific 0 0 Program Services Student athlete recruiting and team travel 22233 North America (Canada & Mexico only) 0 0 Program Services Student athlete recruiting and team travel 33058 Central America and the Caribbean 0 0 Program Services Student athlete recruiting and team travel 157860 0 0 0 0 0 0 377439 0 377439 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-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SUB-SAHARAN AFRICA-Accrual true SCHOLARSHIPS 879 17753593 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 Eugene G Mueller Former Vice Chair 0 138413 0 0 0 774 0 13119 0 16551 0 168857 0 0 Lori Gonzalez PhD Former Pres/Chair 0 349788 0 0 0 74405 0 25234 0 9198 0 458625 0 0 Daniel A Durbin Asst. Treasurer to 5/12/24 0 492878 0 0 0 1188 0 33000 0 23228 0 550294 0 0 Dr Kim Schatzel Pres/Chair 0 842077 0 0 0 88880 0 233000 0 57624 0 1221581 0 0 Dr Sherri L Wallace Vice Chair 0 125436 0 0 0 774 0 12365 0 16516 0 155091 0 0 Dr Krista B Wallace-Boaz Director 0 127907 0 0 0 414 0 13520 0 21345 0 163186 0 0 Dr Thomas Gerard Bradley Director 0 599720 0 0 0 774 0 33000 0 25186 0 658680 0 0 Shannon I Rickett Director to 1/12/24 0 162498 0 0 0 180 0 16475 0 16154 0 195307 0 0 Prof Jeremy D Clark Director 0 131642 0 0 0 180 0 13850 0 9562 0 155234 0 0 Carolyn M Klinge PhD Director 0 150875 0 0 0 2286 0 15654 0 19571 0 188386 0 0 Dr Amy S Lingo Director 0 277565 0 0 0 414 0 28196 0 18300 0 324475 0 0 Lee A Gill JD Director 0 249410 0 0 0 1978 0 18938 0 16855 0 287181 0 0 Douglas Craddock Director 0 234003 0 0 0 162 0 24240 0 25952 0 284357 0 0 Prof Robert Eric Berson Director from 11/17/23 0 137021 0 0 0 414 0 13785 0 3528 0 154748 0 0 Sandra Russell Director from 3/27/24 0 205985 0 0 0 774 0 20599 0 2704 0 230062 0 0 Joshua W Heird Athletic Director 844701 0 120790 0 20982 0 223850 0 19206 0 1229529 0 0 0 Amy M Calabrese Deputy Athletic Director 213188 0 0 0 7580 0 22725 0 27968 0 271461 0 0 0 Marvin Mitchell Deputy Athletic Director 247058 0 0 0 1884 0 25250 0 19348 0 293540 0 0 0 Jeff Walz Women's Basketball Coach 1341295 0 0 0 93991 0 33000 0 22611 0 1490897 0 0 0 Daniel S McDonnell Men's Baseball Coach 1317087 0 75000 0 22257 0 119460 0 21819 0 1555623 0 0 0 Kenneth Payne Men's Basketball Coach 3340678 0 0 0 105142 0 299667 0 23197 0 3768684 0 0 0 Jeffrey Brohm Head Football Coach 5041993 0 500727 0 36419 0 1078917 0 21805 0 6679861 0 0 0 Ronald English Asst. Football Coach 727694 0 364 0 15125 0 33000 0 22560 0 798743 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 Kenneth Payne - tax grossup on contractual relocation benefits. Jeff Walz - tax gross up 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 $22,613 was treated as taxable imputed interest on premium loans. X 1 100370 Market value X MATERIALS & SUPPLIES 9 728530 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Other - MATERIALS & SUPPLIES MULTIPLE CONTRIBUTIONS OF MATERIALS AND SUPPLIES USED IN CONSTRUCTION PROJECT Securities - Publicly traded - 1 Contribution of 1,510 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. UNIVERSITY OF LOUISVILLE UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611014882 EDUCATION KY 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 PRACTICE ASSOC 550 SOUTH JACKSON STREET LOUISVILLE KY 40202 611250153 MEDICAL 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 MEDICAL CENTER INC 250 E LIBERTY ST 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