2020-09-28T09:22:53-04:00 2019-05-31 Bellarmine University 2001 Newburg Road Louisville KY 40205 990 2018-06-01 610482955 Bellarmine University BELL 5022728261 2001 Newburg Rd Louisville KY 40205 Robert L Zimlich VP for Administration & Finance 5022728263 2020-06-30 false Mary Brown-Cornelius XXX-XX-XXXX 2020-06-30 74.138.33.204 2020-09-28 06:22:58 CS 5732682020258f8vn3nw BBA29BFB0F70F694539EE25D9E9F8F23B9984E62 BBA29BFB0F70F694539EE25D9E9F8F23B9984E62 2018 2021-01-29 14:40:06Z Robert Zimlich 2001 Newburg Rd Louisville KY 40205 144727023 false X www.bellarmine.edu X 1950 KY Post Secondary Education 28 28 1852 287 0 10258290 6203101 124770415 128213397 4720003 3685197 1347398 1669339 141096106 139771034 56388855 60605905 0 52815269 49767118 0 2136767 30519598 26934916 139723722 137307939 1372384 2463095 222444567 221456711 89978840 89444093 132465727 132012618 X BELLARMINE UNIVERSITY EDUCATES STUDENTS THROUGH UNDERGRADUATE AND GRADUATE PROGRAMS IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. THE UNIVERSITY IS AN INDEPENDENT CATHOLIC UNIVERSITY SERVING THE REGION, NATION, AND WORLD THROUGH POST SECONDARY EDUCATION. false false 90870858 58079594 113219447 INSTRUCTION; 2552 STUDENTS IN UNDERGRADUATE CLASSES, 731 IN GRADUATE CLASSES. 932 STUDENTS GRADUATED IN 2018-2019 ACADEMIC SCHOOL YEAR 9387360 8875908 17728312 6158942 1382001 1455277 1382001 1455277 119368531 true true false false false false false true false true true true false true true true true false true false false false false false true false false false true true true false false false false false false false true true true true false false false false true false false false true 384 0 true 1852 true false false false false false true true false false false false false false false false X 28 28 true false false false false false false true true false false true true true true true true true true false WA MA NH KY AK X X ROBERT ZIMLICH 5022728261 2001 NEWBURG RD Louisville KY 40205 MARK WIEGAND Associate provost 40 X 160709 19728 ELIZABETH PAYNE Chair of Accounting Dept 40 X 166447 19763 DANIEL BAUER PROFESSOR GRADUATE BUSINESS SCHOOL 40 X 171402 23984 SHARON KERRICK DEAN SCHOOL OF BUSINESS 40 X 196321 22319 SCOTT DAVENPORT HEAD BASKETBALL COACH 40 X 272554 26257 HELEN GRACE RYAN VP STUDENT AFFAIRS 40 X 169679 14484 HUNT HELM VP COMMUNICATION 40 X 182093 30544 SEAN RYAN SENIOR VP 40 X 212345 33628 CAROLE PFEFFER VP OF ACADEMIC AFFAIRS 40 X 229127 24786 GLENN KOSSE VP DEVELOPMENT AND ALUMNI RELATIONS 40 X 217398 39400 ROBERT ZIMLICH VP ADMIN AND FINANCE 40 X 228300 53432 DORIS TEGART FORMER EXECUTIVE VP 40 X 364537 0 SUSAN DONOVAN PRESIDENT 40 X 630542 38728 TOM THOMAS TRUSTEE 2 X 0 MARIAN SWOPE TRUSTEE 2 X 0 LEONARD SPALDING TRUSTEE 2 X 0 FRANK SCHMIDT TRUSTEE 2 X 0 T WILLIAM SAMUALS TRUSTEE 2 X 0 BRAD RAY TRUSTEE 2 X 0 JANET PETERWORTH TRUSTEE 2 X 0 PATRICK MULLOY TRUSTEE 2 X 0 STEPHEN MULLINS TRUSTEE 2 X 0 WILLIAM MUDD TRUSTEE 2 X 0 LIBBYE MONTGOMERY TRUSTEE 2 X 0 ERNEST MARSHALL TRUSTEE 2 X 0 MICHAEL MACKIN TRUSTEE 2 X 0 DONALD KELLY TRUSTEE 2 X 0 MICHAEL HOBBS TRUSTEE 2 X 0 DAVID HEINTZMAN TRUSTEE 2 X 0 CRAIG GRANT TRUSTEE 2 X 0 C EDWARD GLASSCOCK TRUSTEE 2 X 0 JESSE FLYNN TRUSTEE 2 X 0 BARRY FIELDS TRUSTEE 2 X 0 SHARON DES JARLAIS TRUSTEE 2 X 0 RUSSELL COX TRUSTEE 2 X 0 DONALD BERG TRUSTEE 2 X 0 LARRY BENZ TRUSTEE 2 X 0 JAMES ALLEN TRUSTEE 2 X 0 J D WHYTE TRUSTEE 2 X 0 STEVE TRAGER TRUSTEE 2 X 0 MATT THORNTON TRUSTEE 2 X 0 0 0 3201454 0 347053 58 true true false GOOGLE INC 1600 AMPHITHEATRE PARKWAY Mountain View CA 94040 INTERNET SERVICES 391047 CLARK AND RIGGS PRINTING 1705 W JEFFERSON ST Louisville KY 40203 PRINTING SERVICE 535842 FACILITIES MANAGEMENT SERVICES 4400 BISHOP LN Louisville KY 40218 CLEANING SERVICE 1297963 COLLEGIS LLC 1415 22ND ST STE 220 Oak Brook IL 60523 HIGHER ED CONSULTANT 432200 SODEXO 2001 NEWBURG RD Louisville KY 40205 FOOD SERVICE 4388292 32 156827 425019 5621255 6203101 MEMBERSHIP DUES 900099 16398 16398 CAMPUS STORE 900099 137877 137877 FOOD REVENUE 900099 1325824 1325824 AUXILIARY ENTERPRISES-HOUSING 900099 7404752 7404752 TUITION AND FEES 900099 113219447 113219447 6109099 6109099 128213397 2279708 2279708 106035 106035 206336 47761 158575 0 158575 158575 6024112 13929 4737471 1116 1286641 12813 1299454 1299454 165861 165861 165861 0 0 18367 3780 14587 14587 ATHLETIC REVENUE 711210 340848 340848 SPORTS CAMP REVENUE 713990 341686 341686 OTHER INCOME 531390 737277 737277 76366 76366 1496177 139771034 129709574 0 3858359 60605905 60605905 2134394 726273 878195 529926 37410278 30207095 6293262 909921 1563493 1242449 275984 45060 6056323 4554303 1368139 133881 2602630 2094152 443405 65073 218286 263 218023 41225 41225 2256797 952414 1217023 87360 1371649 1054945 314756 1948 3180842 2754608 303983 122251 1469386 616942 834337 18107 1996552 965114 1031438 1906238 1712119 166166 27953 210888 122502 83135 5251 3274839 3177869 96970 5126689 4832743 293946 521164 284995 235989 180 CLASSROOM EDUCATIONAL SUPPLIES 706596 706596 OTHER EXPENSES 2000765 1447187 414139 139439 MISCELLANEOUS PLANT 1418814 410086 996620 12108 MEALS 1234186 899971 295906 38309 0 0 0 0 137307939 119368531 15802641 2136767 5471 5470 9435150 12670054 4844460 4196086 4666445 5038436 100872 93019 1043129 1265535 195301948 73344772 125568266 121957176 50237307 49252350 11418897 11535570 15124570 15443015 222444567 221456711 3393716 3633117 4800531 5999506 76848432 75266640 4936161 4544830 89978840 89444093 X 85114247 78355306 10755949 16709479 36595531 36947833 132465727 132012618 222444567 221456711 2463095 -2916204 X X false true X true true true X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 0 64779006 2500020 -131283 -1261044 877361 674275 64335063 55332947 6877145 5042714 -1179178 845546 449076 64779006 48648794 3368677 5846276 -1253704 863546 413550 55332947 52259548 1322729 -2484343 -1301537 741284 406319 48648794 50931015 2117336 1432278 -1151734 683373 385974 52259548 0.33780 0.53860 0.12360 false false 5204537 5204537 135211369 44668032 90543337 0 30251151 17092019 13159132 24634891 11584721 13050170 121957176 213322 F OTHER ASSETS 1628523 F GLOBAL HEDGED EQUITY 3977765 F ABSOLUTE RETURN HEDGE 2185440 F DISTRESSED DEBT 254484 F PRIVATE EQUITY 3276036 F 11535570 0 ENDOWMENT - REAL ESTATE 15443015 15443015 LONG TERM CAPITAL LEASE OBLIGATIONS 2197960 US ADVANCES FOR STUDENT LOANS 556435 ANNUITY OBLIGATION 1790435 4544830 X 76466327 -2916204 217402 -2698802 79165129 60605905 60605905 139771034 76919436 217402 217402 76702034 60605905 60605905 137307939 PART III; LINE 4 THE HISTORICAL TREASURES OF THE UNIVERSITY CONSIST OF OVER 50,000 ITEMS OF THOMAS MERTON INCLUDING WRITINGS, DRAWINGS, PHOTOGRAPHS, PERSONAL POSSESSIONS, AND OTHER MERTON ARTIFACTS. THEY ARE KEPT IN THE THOMAS MERTON CENTER LOCATED IN THE UNIVERSITY LIBRARY BUILDING. THE MERTON CENTER IS USED FOR SCHOLARLY RESEARCH ON THOMAS MERTON, A WORLD CONTEMPLATIVE AND WRITER. IN ADDITION TO THE MERTON TREASURES, THE UNIVERSITY HAS NUMEROUS DOROTHY DAY TREASURES. DOROTHY DAY WAS A NOTED TWENTIETH CENTURY CATHOLIC SOCIAL ACTIVIST AND THINKER. AMONG THE TREASURES OF THE UNIVERSITY ARE 136 ORIGINAL LETTERS FROM DOROTHY DAY, FOUR SIGNED BOOKS BY DOROTHY DAY, HUNDREDS OF EARLY CATHOLIC WORKER PHOTOS, AND 523 CATHOLIC WORKER NEWSPAPERS, MOSTLY COMPLETE FROM THE FIRST ISSUE. 1993 THROUGH 1990. THESE MATERIALS ARE NOW AVAILABLE FOR CONSULTATION BY RESEARCHERS VISITING THE THOMAS MERTON CENTER AT BELLARMINE UNIVERSITY WHO ARE INTERESTED IN THE LIFE AND WORK OF DOROTHY DAY. PART V LINE 4: THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES, APPROVED BY THE BOARD OF TRUSTEES, FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO SUPPORT CURRENT AND FUTURE UNIVERSITY NEEDS, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THESE ENDOWMENT ASSETS OVER THE LONG-TERM, AND TO BUILD CAPITAL FOR FUTURE USE. THE UNIVERSITY'S SPENDING AND INVESTMENT POLICIES WORK TOGETHER TO ACHIEVE THIS OBJECTIVE. PART X, LINE 2: PURSUANT TO A DETERMINATION BY THE INTERNAL REVENUE SERVICE THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GAAP REQUIRES THE UNIVERSITY TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY HAS ANALYZED THE TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) ON ALL INCOME TAX RETURNS THAT REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES. THE UNIVERSITY DOES NOT BELIEVE THAT THERE ARE ANY UNCERTAIN TAX POSITIONS ON THOSE RETURNS THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) THAT SHOULD BE REFLECTED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE UNIVERSITY BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO MAY 31, 2015 PART XI, LINE 2D RENTAL EXPENSES, SPECIAL EVENTS, AND COST OF GOODS SOLD = 51,541.FUNDRAISING EXPENSE = 164,226. TOTAL TO SCHEDULE D PART XI LINE 2D=215,767 PART XI LINE 4B SCHOLARSHIPS AND DISCOUNTS 60,605,905 PART XII LINE 2D RENTAL EXPENSES, SPECIAL EVENTS, AND COST OF GOOD SOLD =51,541. FUNDRAISING NETTED AGAINST EXPENSE= 164,226. TOTAL TO SCHEDULE D PART XIII LINE 2D = 215,767 PAGE 4, PART XI, LINE 2D RENTAL EXPENSES, SPECIAL EVENTS EXPENSE, AND COST OF GOODS SOLD WHICH WERE NETTED AGAINST THE REVENUE ACCOUNTS FOR PRESENTATION ON THE 990, BUT INCLUDED AS EXPENSE ON THE AUDITED STATEMENTS (SEE EXPLANATION SCHEDULE D, PAGE 4, PART XII, LINE 2D BELOW) PAGE 4, PART XII, LINE 2D RENTAL EXPENSES, SPECIAL EVENTS EXPENSE, AND COST OF GOODS SOLD WHICH WERE NETTED AGAINST THE REVENUE ACCOUNTS FOR PRESENTATION ON THE 990 BUT INCLUDED AS EXPENSE ON THE AUDITED FINANCIAL STATEMENTS. PAGE 4 PART XII REPRESENTS SCHOLARSHIPS AND DISCOUNTS THAT ARE NETTED AGAINST THE REVENUE IN THE AUDITED FINANCIAL STATEMENTS BUT SHOWN AS EXPENSES ON THE 990. true true true true true true true false false false false false false false false true false true Schedule E, Part II, Line 6A EXPLANATION OF GOVERNMENT FINANCIAL AID: BELLARMINE UNIVERSITY PARTICIPATES IN THE FOLLOWING FINANCIAL AID PROGRAMS; FEDERAL PELL GRANT PROGRAM, FEDERAL WORK STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL DIRECT LOAN PROGRAM, FEDERAL DIRECT PLUS LOAN PROGRAM AND TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS PROGRAM. THE UNIVERSITY COMPLIES WITH ANNUAL SINGLE AUDIT REQUIREMENTS, FILING WITH THE FEDERAL AUDIT CLEARINGHOUSE AND DEPARTMENT OF EDUCATION FILINGS false 0 0 0 KNIGHT OF KNIGHTS 205000 84362 120638 41397 71601 7640 RUN FOR RYANN 46627 36096 10531 1250 9281 3 71061 36369 34692 640 21378 9492 800 2382 322688 156827 165861 640 0 62775 82343 8440 11663 165861 0 true SCHOLARSHIPS AND DISCOUNTS 2534 60605905 0 FMV SCHEDULE I PART 1 LINE 2- SCHOLARSHIPS AND DISCOUNT AMOUNTS AWARDED TO STUDENTS ARE POSTED DIRECTLY SCHEDULE I PART 1 LINE 2 CONT TO EACH STUDENTS ACCOUNTS RECEIVABLE SUBSIDIARY ACCO X X true true X X X X false false false false false false false true false false SUSAN DONOVAN PRESIDENT 418643 105000 106899 22000 16728 669270 DORIS TEGART FORMER EXECUTIVE VP 364537 364537 BOB ZIMLICH VP FINANCE AND ADMIN 228300 19200 34232 281732 GLENN KOSSE VP DEVELOPMENT & MARKETING 215268 2130 17880 21520 256798 CAROLE PFEFFER PROVOST 229127 18400 6386 253913 SEAN RYAN SENIOR VP 212345 17372 16256 245973 HUNT HELM VP PUBLIC RELATIONS 182093 14908 15636 212637 HELEN GRACE-RYAN - VP STUDENT AFFAIRS 169679 14060 424 184163 SCOTTY DAVENPORT HEAD BASKETBALL COACH 197211 71990 3353 16547 9711 298812 DEAN SCHOOL OF BUSINESS SHARON KERRICK 196321 16000 6319 218640 DANIEL BAUER 171402 14346 9638 195386 ELIZABETH PAYNE 166447 13600 6163 186210 MARK WIEGAND ASST PROVOST 160709 13200 6528 180437 Schedule J Part I Line 7 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S PERFORMANCE ON AN ANNUAL BASIS AND ESTABLISHES CRITERIA TO BE USED DURING THE NEXT FISCAL YEAR TO ESTABLISH THE GOALS THE PRESIDENT MUST MEET OR EXCEED TO QUALIFY FOR ANY BONUS A LOU JEFF CO METRO GOVERNMENT 616001862 2009-12-16 18500000 CAPITAL IMPROVEMENTS true false false A LOU JEFF CO METRO GOVERNMENT COLLEGE IMPROVEMENT 616001862 2015-09-01 35405000 REFUNDING & CAP IMPROVEMENT false false false A LOU JEFF CO METRO GOVERNMENT COLLEGE IMPROVEMENT 616001862 2017-11-29 41290000 REFUNDING false false false A false false false A 3125000 14945000 18300254 463994 0 0 251401 0 40567 16648927 887846 7519 2011 false false true true B 3195000 0 36529952 2273634 0 0 455648 0 11789 10000145 23682400 106336 2016 false true true true C 0 0 42608880 3991544 0 0 242481 0 0 0 38270960 103895 false true true true D 0 0 0 0 0 0 0 0 0 0 0 0 A false false false false false false 0.00000 0.00000 0.00000 true false 0.00000 false false B false false false false false false 0.00000 0.00000 0.00000 true false 0.00000 false false C false false false false false false 0.00000 0.00000 0.00000 true false 0.00000 false false false false false false false false 0.00000 0.00000 0.00000 false false 0.00000 false false A false false false true false false 0 0 false false false 0 0 false false false B false false false true false false 0 0 false false false 0 0 false false false C false false false true false false 0 0 false false false 0 0 false false false A false B false C false SCHEDULE K ALL BONDS DECEMBER 16, 2009, SEPTEMBER 1ST, 2015 AND NOVEMERS 29TH 2017-UNDER THE 2015 AND 2009 INDENTURES A DEBT SERVICE RESERVE FUND HAS BEEN ESTABLISHED IN AN AMOUNT EQUAL TO THE LEAST OF: (I) 10% OF THE NET PROCEEDS OF THE BONDS; (II) THE MAXIMUM ANNUAL DEBT SERVICES REQUIREMENTS; OR (III) 125% OF THE AVERAGE ANNUAL DEBT SERVICE REQUIREMENTS. AMOUNTS IN THE DEBT SERVICE RESERVE FUND MAY BE INVESTED BY THE UNIVERSITY ONLY IN INVESTMENT SECURITIES. THE MARKET VALUE OF THOSE SECURITIES AT MAY 31ST 2019 WAS $3,991,544, $2,273,634, AND $463,994 FOR THE SERIES 2017, 2015, AND 2009 BONDS RESPECTIVELY AND ARE REFLECTED AS PLANT FUNDS ON THE STATEMENTS OF FINANCIAL POSITION A (B) BOND ISSUED DECEMBER 16, 2009: LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT: IN DECEMBER 2009, THE UNIVERSITY ISSUED $18,500,000 OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2009 (BELLARMINE UNIVERSITY INCORPORATED PROJECT) OF WHICH THE MAJORITY WAS USED TO PROVIDE FUNDS TO BUILD A 119 BED RESIDENCE HALL, TO BUILD A SUBSTANTIAL ADDITION TO THE MAIN DINING HALL, RENOVATE AND EXPAND THE CAFE, AND ADD 276 SURFACE PARKING SPACES ON CAMPUS. THE TERM OF THE BOND ISSUE IS THIRTY YEARS. B (C) BOND ISSUED IN 2015: IN SEPTEMBER 2015, THE UNIVERSITY ISSUED $35,405,000 OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE IMPROVEMENT REVENUE AND REVENUE REFUNDING BONDS, SERIES 2015 (BELLARMINE UNIVERSITY PROJECTS) OF WHICH $12,474,245 WAS USED FOR THE PURPOSE OF DEFEASING THE CITY OF SHIVELY, KENTUCKY, COLLEGE REVENUE REFUNDING BONDS, SERIES 2012 (SHIVELY 2012 BONDS) AND THE CITY OF AUDUBON PARK, KENTUCKY, COLLEGE REVENUE REFUNDING BONDS, SERIES 2012 (AUDUBON PARK 2012 BONDS) TOGETHER REFERRED TO AS THE BELLARMINE UNIVERSITY INCORPORATED PROJECT AND $13,138,788 WAS USED TO DEFEASE THE CITY OF SHIVELY, KENTUCKY, COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2011 (SHIVELY 2011 BONDS) AND THE CITY OF AUDUBON PARK, KENTUCKY, COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2011 (AUDUBON PARK 2011 BONDS) TOGETHER REFERRED TO AS THE BELLARMINE UNIVERSITY INCORPORATED PROJECT. $10,816,138 WAS USED TO PROVIDE NEW MONEY TO RENOVATE THE FIRST FLOOR OF THE LIBRARY INTO A STATE OF THE ART STUDENT LEARNING SPACE "LANSING LEARNING COMMONS", FOR THE CONSTRUCTION OF THE NEW "CENTRO" BUILDING A 46,000 SQUARE FOOT CLASSROOM AND OFFICE BUILDING, AND RENOVATION OF EXISTING HORRIGAN HALL. C BOND ISSUED IN 2017: IN NOVEMBER 2017, THE UNIVERSITY ISSUED $30,280,000 OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2017A (BELLARMINE UNIVERSITY PROJECTS) AND ISSUED $11,010,000 OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE IMPROVEMENT REVENUE REFUNDING BONDS,TAXABLE SERIES 2017B (BELLARMINE UNIVERSITY PROJECTS) OF WHICH WAS USED FOR THE PURPOSE OF DEFEASING THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE REFUNDING AND IMPROVEMENT REVENUE BONDS, SERIES 2008A $25,005,000 (BELLARMINE UNIVERSITY PROJECTS) WHICH WERE ISSUED FOR THE PURPOSE OF CONSTRUCTING A 146 BED RESIDENCE HALL, TO CONSTRUCT AN ADDITION TO A CLASSROOM BUILDING, AND TO RENOVATE AN OFFICE BUILDING AND TO DEFEASE $14,945,000 OF BONDS FROM THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2009 $16,175,000 (BELLARMINE UNIVERSITY INCORPORATED PROJECT) OF WHICH THE MAJORITY WAS USED TO PROVIDE NEW MONEY TO CONSTRUCT A 119-BED RESIDENCE HALL, TO CONSTRUCT A SUBSTANTIAL ADDITION TO THE MAIN DINING HALL, RENOVATE AND EXPAND THE CAFE, AND ADD 276 SURFACE PARKING SPACES ON CAMPUS. LINE 3A ISSUE PRICE (18,500,000) LESS NET OID (258,902) PLUS INVESTMENT EARNINGS ($59,156) EQUALS TOTAL PROCEEDS OF ISSUE (18,300,254). LINE 3B ISSUE PRICE (35,405,000) PLUS NET OID (1,024,171) PLUS INVESTMENT EARNINGS (100,781) EQUALS TOTAL PROCEEDS OF ISSUE (36,529,952). LINE 3C ISSUE PRICE (41,290,000) PLUS NET OIP (1,157,105) PLUS INVESTMENT EARNINGS (161,775) EQUALS TOTAL PROCEEDS OF ISSUE (42,605,880). SCHEDULE K PART, III PRIVATE BUSINESS USE #9 WE ARE IN THE PROCESS OF DEVELOPING POLICIES AND PROCEDURES. SCHEDULE K, PART IV, ARBITRAGE LINE 2C, BOND COLUMN A THE REBATE COMPUTATION WAS PERFORMED ON 8/8/2013 BY FROST BROWN TODD, PLLC ATTORNEYS AT LAW LINE 7 WE ARE IN THE PROCESS OF DEVELOPING POLICIES AND PROCEDURES SCHEDULE K PART V PROCEDURES WE ARE IN THE PROCESS OF DEVELOPING POLICIES AND PROCEDURES 0 0 C EDWARD GLASSCOCK CURRENT UNIVERSITY TRUSTEE 120067 LEGAL SERVICES false G JESSE FLYNN CURRENT UNIVERSITY TRUSTEE 230906 OPERATING LEASE false SODEXO CONTRIBUTOR TO THE UNIVERSITY 355000 CAMPUS FOOD SERVICE false STEVE TRAGER CURRENT UNIVERSITY TRUSTEE 347215 CAPITAL LEASE false RUSSELL COX CURRENT UNIVERSITY TRUSTEE 272295 PROMOTIONAL ITEMS false Schedule L Part IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L PART IV (A) NAME OF PERSON: C EDWARD GLASSCOCK SCHEDULE L PART IV (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CURRENT UNIVERSITY TRUSTEE SCHEDULE L PART IV (D) DESCRIPTION OF TRANSACTION: MR. GLASSCOCK IS CHAIRMAN EMERITUS AND A MEMBER OF FROST BROWN TODD ATTORNEYS. SCHEDULE L PART IV FROST BROWN TODD IS PAID FOR LEGAL SERVICES FOR BELLARMINE AND IS NOT THE ONLY LAW FIRM UTILIZED BY THE UNIVERSITY. SCHEDULE L PART IV MR GLASSCOCK DID NOT PERFORM ANY OF THE SERVICES FOR WHICH FROST BROWN TODD WAS PAID DURING THE LEGAL YEAR. SCHEDULE L PART IV THE LAW FIRM WAS PAID $120,067 FOR THE PERIOD COVERED BY THIS REPORTING. SCHEDULE L PART IV (A) NAME OF PERSON: JESSE FLYNN SCHEDULE L PART IV (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CURRENT UNIVERSITY TRUSTEE SCHEDULE L PART IV (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY HAS A FIVE YEAR LEASE WITH TAYLOR AVENUE LLC FOR A PROPERTY LOCATED SCHEDULE L PART IV AT 1961 BISHOPS LN, LOUISVILLE KY. MR. FLYNN IS A MEMBER OF TAYLOR AVENUE LLC. SCHEDULE L PART IV THE UNIVERSITY MADE LEASE PAYMENTS ON THIS PROPERTY FOR THE FISCAL YEAR IN THE AMOUNT OF $230,906. SCHEDULE L PART IV (A) NAME OF PERSON : SODEXO SCHEDULE L PART IV (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CONTRIBUTOR TO THE UNIVERSITY SCHEDULE L PART IV (D) DESCRIPTION OF THE TRANSACTION: SODEXO PROVIDES FOOD SERVICE TO THE UNIVERSITY. SCHEDULE L PART IV DURING THE FISCAL YEAR THE UNIVERSITY MADE PAYMENTS TO SODEXO IN THE AMOUNT SCHEDULE L PART IV OF $4,388,292 SCHEDULE L PART IV (A) NAME OF PERSON: STEVE TRAGER SCHEDULE L PART IV (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CURRENT UNIVERSITY TRUSTEE SCHEDULE L PART IV (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY HAS A 10 YEAR CAPITAL LEASE WITH REPUBLIC BANK SCHEDULE L PART IV AND TRUST CO. MR TRAGER IS CHIEF EXECUTIVE OFFICE OF REPUBLIC BANK AND TRUST. THE LEASE SCHEDULE L PART IV WAS AWARDED VIA A COMPETITIVE BID PROCESS. THE UNIVERSITY MADE PAYMENTS OF$347,215 DURING THE FISCAL YEAR SCHEDULE L PART IV (A) NAME OF PERSON: RUSSELL COX SCHEDULE L PART IV (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CURRENT UNIVERSITY TRUSTEE SCHEDULE L PART IV (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY PURCHASES PROMOTIONAL ITEMS FROM MPC PROMOTIONS. SCHEDULE L PART IV RUSSELL COX IS THE SON-IN-LAW OF A PARTIAL OWNER OF THE COMPANY. THE UNIVERSITY MADE SCHEDULE L PART IV PAYMENTS OF 272,295 DURING THE FISCAL YEAR X 30 491893 MARKET VALUE X 1 35350 MARKET VALUE X 1 172 MARKET VALUE 1 false true false SCHEDULE M LINE 32B: THE UNIVERSITY HAS A WRITTEN POLICY FOR THE REVIEW OF ANY NON-STANDARD CONTRIBUTIONS THAT REQUIRES THAT PRIOR TO ACCEPTING NON-STANDARD GIFTS THE DEVELOPMENT OFFICERS REVIEW THE NEED FOR SUCH GIFTSAND DISCUSS THE GIFT WITH THE AREA VP OR DEAN OF THE DEPT TO DETERMINE THAT THE GIFT FALLS WITHIN THE UNIVERSITY'S VISION AND MISSION. FINAL APPROVAL IS MADE BY THE VP FOR ADMIN & FINANCE OR VP OF DEVELOPMENT & ALUMNI RELATIONS FORM 990 PART III LINE 4D OTHER PROGRAM SERVICES OTHER PROGRAM SERVICES INCLUDE ACADEMIC SUPPORT, LIBRARY AND COMPUTER TECHNOLOGY SERVICES, AND SUPPORT FOR THE ACADEMIC DIVISIONS. EXPENSES $1,382,001 INCLUDING GRANTS OF $0 REVENUE $1,455,277 FORM 990 PART VI SECTION A LINE 2 MR STEVE TRAGER, CURRENT TRUSTEE, IS THE CEO OF REPUBLIC BANK & TRUST CO. MR W PATRICK MULLOY, II CURRENT TRUSTEE, IS A DIRECTOR AT REPUBLIC BANK & TRUST CO. MR. RUSS COX, CURRENT TRUSTEE, IS THE PRESIDENT AND CEO OF NORTON HEALTHCARE. MR CRAIG GRANT, CURRENT TRUSTEE, IS A MEMBER OF THE BOARD OF NORTON HEALTHCARE. MR DAVID HEINTZMAN, CURRENT TRUSTEE, IS CHAIRMAN OF THE BOARD AT STOCK YARD BANK &TRUST FORM 990 PART VI SECTION B, LINE 11B THE 990 IS PREPARED BY INTERNAL STAFF AND REVIEWED IN DETAIL BY THE ASSISTANT VICE PRESIDENT FOR BUSINESS AFFAIRS. THE AVP IS AN ATTORNEY AND CPA WITH 20+ YEARS OF TAX EXPERIENCE. THE REVIEW IS COMPLETED IN SEVERAL STAGES IN ORDER TO PROCESS ALL THE INFORMATION THOROUGHLY. CONTINUING EDUCATIONON TAX REQUIREMENTS IS PROVIDED TO THOSE INVOLVED WITH THE PREPARATION AND REVIEW OF THE 990. THE RETURN IS GIVEN TO THE AUDIT COMMITTEE, WHICH THEN REVIEWS AND DISCUSSES IT. THE AUDIT COMMITTEE REPORTS INFORMATION REGARDING THE 990 TO THE FULL BOARD PRIOR TO FILING. FORM 990 PART VI SECTION B LINE 12C THE ORGANIZATION SENDS ITS CONFLICT OF INTEREST POLICY TO ALL BOARD MEMBERS ANNUALLY. THE VP FOR ADMINISTRATION AND FINANCE MONITORS THAT ALL MEMBERS RETURN A SIGNED COPY INDICATING THEY HAVE REVIEWED THE POLICY AND LISTED ANY POTENTIAL CONFLICTS. ADDITIONALLY, ALL EMPLOYEES RECEIVE A UNIVERSITY HANDBOOK AND SIGN ACKNOWLEDGMENT INDICATING SUCH RECEIPT. THE CONFLICT OF INTEREST POLICY IS LOCATED WITHIN THE STAFF HANDBOOK. LASTLY, THE ORGANIZATION MAINTAINS AN ETHICS AND COMPLIANCE HOTLINE ALONGSIDE A SYSTEM NAMED "RED FLAG REPORTING". tHIS SYSTEM, OPERATED BY A LOCAL PUBLIC ACCOUNTING FIRM, ALLOWS STUDENTS AND STAFF TO REPORT ANY CONCERNS REGARDING IMPROPER ACTIVITY WITHIN THE UNIVERSITY WITH THE OPTION TO REMAIN ANONYMOUS. INTERESTED PARTIES MAY REPORT IMPROPER ACTIVITY BY CALLING 1-877-647-3335 OR VISITING REDFLAGREPORTING.COM FORM 990, PART VI SECTION B LINE 15 THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT SALARY ON A YEARLY BASIS; INCLUDING BASE COMPENSATION, BONUS AND FRINGE BENEFITS. THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE EVALUATES THE COMPENSATION OF THE PRESIDENT BASED ON ESTABLISHED GOALS AND DISCUSSES AND APPROVES THE NEW SALARY ON AN ANNUAL BASIS. THE UNIVERSITY AND THE PRESIDENT ARE BOUND BY A CONTRACT. THE CONTRACT IS NEGOTITATED AND REVIEWED BY THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE OF THE BOARD. AS PART OF THE EVALUATION PROCESS USED BY THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE OF THE BOARD, MARKET DATA, SALARY SURVEYS OF SIMILAR INSTITUTIONS AND OTHER RELEVANT INFORMATION ARE REVIEWED IN CONJUNCTION WITH THE PRESIDENT REPORT ON ACCOMPLISHMENTS AND PROPOSED GOALS. ALL EMPLOYEES, OTHER THAN THE PRESIDENT, ARE EVALUATED BY THEIR IMMEDIATE SUPERVISOR ON AN ANNUAL BASIS. THE VICE-PRESIDENTS OF THE UNIVERSITY ARE EVALUATED BY THE PRESIDENT. THE UNIVERSITY USES CUPA DATA TO COMPARE SALARIES FOR OTHER LIKE INSTITUTIONS TO OUR COMPENSATION. FORM 990 PART VI SECTION C LINE 18 THE UNIVERSITY MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST DURING THE REGULAR BUSINESS HOURS OF THE UNIVERSITY. THE FORM 990 IS AVAILABLE ON GUIDESTAR FOR PUBLIC INSPECTION. FORM 990 PART VI SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST DURING THE REGULAR BUSINESS HOURS OF THE UNIVERSITY. THE FORM 990 IS AVAILABLE ON GUIDESTAR FOR PUBLIC INSPECTION. PART XII, LINE 2C THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT HAS NOT CHANGED SINCE THE LAST FISCAL YEAR. CHARITABLE REMAINDER UNITRUST 2001 NEWBURG RD Louisville KY 40205 911825410 KY N/A false HIGHLANDS COURT INC 1720 RICHMOND DR Louisville KY 40205 310955903 SENIOR HOUSING KY N/A false false false false false false false false false false false false false false false false false false false false