UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION (EIN 47-2373203)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-10
- IRS object ID
- 201911309349301446
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-10T08:53:57-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 611064249 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEMING MALONE LIVESAY & OSTROFF PSC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9300 SHELBYVILLE RD STE 1100 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 402225187 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 472373203 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF LOUISVILLE REAL ESTATE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 5028527300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 CENTRAL AVE NO 212 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEITH SHERMAN | PersonNm |
| Person Title | EXECUTIVE DIRECTOR & COO | PersonTitleTxt |
| Phone | 5028527300 | PhoneNum |
| Signature | 2019-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISTINE N KOENIG | PreparerPersonNm |
| PTIN | P01022180 | PTIN |
| Phone | 5024269660 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 174.47.177.202 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-01 | IPDt |
| IP Tm | 10:34:08 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | A49D4650415329FE8467BE13DDDA3EC00D4B5CD3 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | CE7AB22A8AA8BB8FD2D7F6165350DDDE7836A4D9 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KEITH SHERMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 CENTRAL AVE NO 212 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $19,049,918 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | TO ACQUIRE, MAINTAIN, IMPROVE, LEVERAGE, MANAGE, LEASE, AND CONVEY PROPERTY (SEE SCHEDULE O) FOR THE BENEFIT OF THE UNIVERSITY OF LOUISVILLE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$1,937,334 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,696,767 | PYContributionsGrantsAmt |
| CY Contributions Grants | $12,580,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,028,110 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,920,861 | CYProgramServiceRevenueAmt |
| PY Investment Income | $197,786 | PYInvestmentIncomeAmt |
| CY Investment Income | $520,521 | CYInvestmentIncomeAmt |
| PY Other Revenue | $553,982 | PYOtherRevenueAmt |
| CY Other Revenue | $1,028,536 | CYOtherRevenueAmt |
| PY Total Revenue | $7,476,645 | PYTotalRevenueAmt |
| CY Total Revenue | $19,049,918 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,200,747 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,150,278 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $673,083 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $150,000 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,139,048 | PYOtherExpensesAmt |
| CY Other Expenses | $5,897,942 | CYOtherExpensesAmt |
| PY Total Expenses | $10,012,878 | PYTotalExpensesAmt |
| CY Total Expenses | $8,198,220 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,536,233 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,851,698 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $106,116,852 | TotalAssetsBOYAmt |
| Total Assets EOY | $96,836,737 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $74,221,835 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $54,654,875 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $31,895,017 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $42,181,862 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO ACQUIRE, MAINTAIN, IMPROVE, LEVERAGE, MANAGE, LEASE, AND CONVEY REAL AND ASSOCIATED PERSONAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF LOUISVILLE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $7,613,722 | ExpenseAmt |
| Grant | $2,150,278 | GrantAmt |
| Revenue | $5,949,397 | RevenueAmt |
| Desc | THE REAL ESTATE ASSETS HELD BY THE FOUNDATION ARE USED BY, OR FOR THE BENEFIT OF, THE UNIVERSITY OF LOUISVILLE. | Desc |
| Total Program Service Expenses | $7,613,722 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 40 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITH SHERMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5028527300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 CENTRAL AVE SUITE 212 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| NEELI BENDAPUDI | ||||||||
| DIRECTOR | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL BOWERS | ||||||||
| TREASURER | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PAUL CARRICO | ||||||||
| DIRECTOR | 2.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| STEVE GAULT | ||||||||
| VICE CHAIR | 2.00 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| CRAIG HAWLEY | ||||||||
| SECRETARY | 2.00 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DONNA HEITZMAN | ||||||||
| DIRECTOR | 3.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT KOETTER | ||||||||
| DIRECTOR | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| DERRICK LITTLEJOHN | ||||||||
| DIRECTOR | 2.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| KEN PAYNE | ||||||||
| CHAIR | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| EARL REED | ||||||||
| DIRECTOR | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| SANDY METTS SNOWDEN | ||||||||
| DIRECTOR | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| GREGORY C POSTEL | ||||||||
| DIRECTOR (PREVIOUS) | 1.00 | 0.50 | Yes (X) | $0 | $1,044,509 | $40,567 | ||
| KEITH SHERMAN | ||||||||
| INTERIM EXECUTIVE DIRECTOR & COO | 5.00 | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| DAVID ADAMS | ||||||||
| CEO OF IPR (FORMER) | 40.00 | 0.00 | $341,408 | $118,371 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $341,408 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,162,880 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $40,567 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (1) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WEBER GROUP INC | |||||
| 5233 PROGRESS WAY | SELLERSBURG | IN | 47172 | CONSTRUCTION SERVICES | $1,260,001 |
| EXTREME PROPERTY MANAGEMENT LLC | |||||
| 6300 POPLAR TREE CT | LOUISVILLE | KY | 40228 | CONSTRUCTION SERVICES | $710,946 |
| BAXTER HODELL DONNELLY PRESTON INC | |||||
| 302 W 3RD ST STE 500 | CINCINNATI | OH | 45202 | ARCHITECTURE SERVICES | $638,947 |
| NTS MANAGEMENT COMPANY | |||||
| 500 NORTH HURSTBOURNE PWKY STE 400 | LOUISVILLE | KY | 40222 | PROPERTY MANAGEMENT | $273,979 |
| ERNST & YOUNG LLP | |||||
| 400 W MARKET ST | LOUISVILLE | KY | 40202 | ASSURANCE SERVICES | $180,180 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $12,580,000 | RelatedOrganizationsAmt |
| Total Contributions | $12,580,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RENTAL INCOME | Desc |
| Business | 531390 | BusinessCd |
| Total Revenue Column | $4,920,861 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,920,861 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,920,861 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $520,521 | TotalRevenueColumnAmt |
| Exclusion | $520,521 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTERCOMPANY ADJUSTMENT | 900099 | $946,633 | $946,633 |
| MISCELLANEOUS | 900099 | $81,903 | $81,903 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,028,536 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,049,918 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,949,397 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $520,521 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,150,278 | TotalAmt |
| Program Services | $2,150,278 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,000 | TotalAmt |
| Management And General | $150,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $190,153 | TotalAmt |
| Management And General | $190,153 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,055 | TotalAmt |
| Management And General | $223,055 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $879,350 | TotalAmt |
| Program Services | $858,060 | ProgramServicesAmt |
| Management And General | $21,290 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,232 | TotalAmt |
| Program Services | $5,232 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,426 | TotalAmt |
| Program Services | $195,426 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,281,821 | TotalAmt |
| Program Services | $1,281,821 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $726 | TotalAmt |
| Program Services | $726 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,612 | TotalAmt |
| Program Services | $7,612 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,100,860 | TotalAmt |
| Program Services | $1,100,860 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,593,517 | TotalAmt |
| Program Services | $1,593,517 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,574 | TotalAmt |
| Program Services | $119,574 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| BAD DEBT | $279,806 | $279,806 |
| PROFESSIONAL DEVELOPMEN | $15,890 | $15,890 |
| BANK FEES | $4,920 | $4,920 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,198,220 | TotalAmt |
| Program Services | $7,613,722 | ProgramServicesAmt |
| Management And General | $584,498 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $294,134 | BOYAmt |
| EOY | $312,727 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $574,118 | BOYAmt |
| EOY | $317,694 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $204,000 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,508 | BOYAmt |
| EOY | $121,586 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $89,262,759 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,175,714 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,119,885 | BOYAmt |
| EOY | $84,087,045 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,997,205 | BOYAmt |
| EOY | $543,864 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,291,598 | BOYAmt |
| EOY | $9,139,837 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,477,404 | BOYAmt |
| EOY | $2,313,984 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,116,852 | BOYAmt |
| EOY | $96,836,737 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,307,333 | BOYAmt |
| EOY | $4,732,025 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,232,085 | BOYAmt |
| EOY | $521,044 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $185,277 | BOYAmt |
| EOY | $329,327 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,499,980 | BOYAmt |
| EOY | $16,000,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,490,883 | BOYAmt |
| EOY | $26,797,133 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,506,277 | BOYAmt |
| EOY | $6,275,346 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,221,835 | BOYAmt |
| EOY | $54,654,875 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,895,017 | BOYAmt |
| EOY | $42,181,862 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,895,017 | BOYAmt |
| EOY | $42,181,862 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,116,852 | BOYAmt |
| EOY | $96,836,737 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $10,851,698 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$564,853 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF LOUISVILLE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 611014882 | EIN |
| Organization Type | 6 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $0 | SupportAmt |
| Other Support | $2,150,278 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $2,150,278 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | 0 | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | 0 | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Governmental Entity | Yes (X) | GovernmentalEntityInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE A, PART 1, LINE 12G(VI) | THE FOUNDATION ALLOWS THE UNIVERSITY OF LOUISVILLE TO USE CERTAIN PROPERTIES ON A RENT-FREE OR REDUCED RENT BASIS. THE FOUNDATION HAS DETERMINED THAT THE FAIR VALUE OF THOSE RENTS WAS $1,190,442. THE FOUNDATION CONTRIBUTED EQUIPMENT TO THE UNIVERSITY OF LOUISVILLE. THE BOOK VALUE OF THE CONTRIBUTED EQUIPMENT WAS $959,836. |
| SCHEDULE A, PART IV, SECTION A, LINE 6 | THE FOUNDATION PROVIDED SUPPORT TO THE ORGANIZATIONS LISTED ON SCHEDULE I OF THIS FORM 990. |
| SCHEDULE A, PART IV, SECTION E, LINE 1C | THE FOUNDATION ACQUIRED, MAINTAINED, IMPROVED, LEVERAGED, MANAGED, LEASED, AND CONVEYED REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF LOUISVILLE. |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $53,071,819 | OtherCostOrOtherBasisAmt |
| Book Value | $53,071,819 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,650,761 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,818,485 | DepreciationAmt |
| Book Value | $28,832,276 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,540,179 | OtherCostOrOtherBasisAmt |
| Depreciation | $357,229 | DepreciationAmt |
| Book Value | $2,182,950 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $84,087,045 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENTS IN JOINT VENTURES | $6,721,024 | C |
| INVESTMENT IN SUBSIDIARY | $2,418,813 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $9,139,837 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO UNIVERSITY OF LOUISVILLE | Desc |
| Amt | $6,275,346 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,275,346 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ULREF COMPLETED AN ANALYSIS OF ITS TAX POSITIONS IN ACCORDANCE WITH APPLICABLE ACCOUNTING GUIDANCE AND DETERMINED THERE ARE NO AMOUNTS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2018 AND 2017. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF LOUISVILLE | |||||||||
| 2301 S 3RD ST | LOUISVILLE | KY | 40208 | 611014882 | SECTION 115 | $1,190,442 | FMV | RENT-FREE OR REDUCED RENT USE OF PROPERTY | SUPPORTED ORGANIZATION |
| UNIVERSITY OF LOUISVILLE | |||||||||
| 2301 S 3RD ST | LOUISVILLE | KY | 40208 | 611014882 | SECTION 115 | $959,836 | BOOK | EQUIPMENT | SUPPORTED ORGANIZATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION GRANTS RENT-FREE OR REDUCED RENT OF PROPERTIES TO THE UNIVERSITY OF LOUISVILLE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GREGORY C POSTEL | ||||||||||||||
| DIRECTOR (PREVIOUS) | $0 | $1,043,735 | $0 | $0 | $0 | $774 | $0 | $30,000 | $0 | $10,567 | $0 | $1,085,076 | $0 | $0 |
| DAVID ADAMS | ||||||||||||||
| CEO OF IPR (FORMER) | $340,956 | $118,371 | $0 | $0 | $452 | $0 | $0 | $0 | $0 | $0 | $341,408 | $118,371 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3 | THE ORGANIZATION DOES NOT COMPENSATE ITS TOP MANAGEMENT OFFICIAL, THE INTERIM EXECUTIVE DIRECTOR & CHIEF OPERATING OFFICER. THE TOP MANAGEMENT OFFICIAL'S COMPENSATION TERMS WERE ESTABLISHED BY THE UNIVERSITY OF LOUISVILLE FOUNDATION, INC. |
| PART VII, LINE 5 | COMPENSATION LISTED ON SCHEDULE J, PART II FOR DAVID ADAMS INCLUDES $341,408 OF COMPENSATION REPORTED ON A UNIVERSITY OF LOUISVILLE FOUNDATION, INC. W-2 FOR SERVICES PERFORMED BY THE INDIVIDUAL. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE RETURN IS FIRST REVIEWED BY UNIVERSITY OF LOUISVILLE FOUNDATION, INC. STAFF INCLUDING THE MANAGER OF INVESTMENT AND TAX REPORTING, DIRECTOR OF FOUNDATION ACCOUNTING, AND INTERIM EXECUTIVE DIRECTOR & CHIEF OPERATING OFFICER. THE FULL BOARD OF DIRECTORS RECEIVED THE RETURN PRIOR TO FILING AND WERE INVITED TO ATTEND 990 WORKSHOPS. THESE WORKSHOPS PROVIDED AN OPPORTUNITY FOR REVIEW OF THE 990, QUESTIONS, ANSWERS, AND EXPLANATIONS OF THE FORM. |
| FORM 990, PART VI, SECTION B, LINE 12C | BEFORE ANY MEETING OF THE BOARD OF DIRECTORS (OR A COMMITTEE OF THE BOARD), AN AGENDA IS CIRCULATED TO EACH MEMBER WITH DESCRIPTIONS OF THE ACTION ITEMS. THIS ALLOWS SUFFICIENT TIME FOR ANY BOARD MEMBER TO ALERT THE BOARD ABOUT A POTENTIAL CONFLICT OF INTEREST. WHEN AN ITEM IS PRESENTED TO THE BOARD OF DIRECTORS (OR A COMMITTEE OF THE BOARD) FOR ACTION, 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, SUCH AS 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. A CONFLICT OF INTEREST QUESTIONNAIRE IS GIVEN ANNUALLY TO ALL BOARD MEMBERS AND OFFICERS. BOARD/COMMITTEE CHAIRS HAVE SAID THE FOLLOWING AT THE BEGINNING OF MEETINGS SINCE SEPTEMBER 2017: AS CHAIR IT IS MY RESPONSIBILITY TO REMIND ALL MEMBERS OF THE BOARD OF THEIR RESPONSIBILITY TO AVOID CONFLICTS OF INTEREST AND EVEN APPEARANCES OF CONFLICTS OF INTEREST. EACH MEMBER HAS RECEIVED THE AGENDA AND RELATED INFORMATION FOR THIS BOARD MEETING. IF ANY BOARD MEMBER KNOWS OF ANY CONFLICTS OF INTEREST OR APPEARANCES OF CONFLICTS OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD AT THIS MEETING TODAY PLEASE IDENTIFY THE CONFLICT, OR APPEARANCE OF CONFLICT, AT THIS TIME. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION DOES NOT COMPENSATE THE INTERIM EXECUTIVE DIRECTOR & CHIEF OPERATING OFFICER. THE INTERIM EXECUTIVE DIRECTOR & CHIEF OPERATING OFFICER IS COMPENSATED BY THE UNIVERSITY OF LOUISVILLE, FOUNDATION, INC. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 16B | THE ORGANIZATION'S PRACTICE IS TO OBTAIN BOARD APPROVAL PRIOR TO ENTERING INTO A JOINT VENTURE. |
| FORM 990, PART IX, LINE 11G | CONSULTING: PROGRAM SERVICE EXPENSES 202,760. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 202,760. SERVICE AGREEMENT: PROGRAM SERVICE EXPENSES 527,363. MANAGEMENT AND GENERAL EXPENSES 21,290. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 548,653. PROPERTY MANAGEMENT: PROGRAM SERVICE EXPENSES 127,937. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 127,937. |
| FORM 990, PART XII, LINE 2C: | AN AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS OF UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION, INC. AND AFFILIATES IS PERFORMED BY AN INDEPENDENT FIRM. THE AUDIT IS APPROVED BY THE ORGANIZATION'S AUDIT COMMITTEE. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| INSTITUTE FOR PRODUCT REALIZATION LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 474067136 | REAL ESTATE-DISSOLVED 6/30/18 | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC |
| CARDINAL STATION LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 263061274 | REAL ESTATE | KY | $1,384,087 | $11,790,266 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC |
| PHOENIX PLACE - LOUISVILLE LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 270264868 | REAL ESTATE | KY | $103,800 | $4,801,365 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC |
| NUCLEUS KENTUCKY'S LIFE SCIENCES AND INNOVATION CENTER LLC | |||||||||
| 215 CENTRAL AVENUE STE 212 | LOUISVILLE | KY | 40208 | 263416972 | REAL ESTATE | KY | $1,247,256 | $2,865,677 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC |
| KYT-LOUISVILLE LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 264771802 | REAL ESTATE | KY | $14 | $15,960,994 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC |
| COMMUNITY PARK HALL LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 320519828 | REAL ESTATE - INACTIVE | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC |
| KURZ HALL LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 611817917 | REAL ESTATE - INACTIVE | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC |
| JOHNSON HALL LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 384028321 | REAL ESTATE - INACTIVE | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC |
| MINARDI HALL LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 300969543 | REAL ESTATE-DISSOLVED 6/30/18 | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION | |||||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 611320759 | MEDICAL DEVELOPMENT FINANCING | KY | 501(C)(3) | LINE 7 | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC | Yes (1) | |
| UNIVERSITY OF LOUISVILLE | |||||||||||
| 2301 S 3RD ST | LOUISVILLE | KY | 40208 | 611014882 | EDUCATION | KY | 501(C)(3) | LINE 6 | 0 | N/A | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | UBI Code VUBICodeVAmt | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CAMPUS THREE LLC | |||||||||||||||
| 600 N HURSTBOURNE PKWY SUITE 300 | LOUISVILLE | KY | 40222 | 455325240 | REAL ESTATE | KY | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION | UNRELATED | $199,382 | $11,500,156 | 0 | -$1,132,686 | 0 | 0.51000 | |
| 220 SOUTH PRESTON LLC | |||||||||||||||
| 600 N HURSTBOURNE PKWY SUITE 300 | LOUISVILLE | KY | 40222 | 472248637 | REAL ESTATE | KY | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION | UNRELATED | $186,797 | $12,939,993 | 0 | -$260,455 | 0 | 0.80000 | |
| CAMPUS TWO LLC | |||||||||||||||
| 600 N HURSTBOURNE PKWY SUITE 300 | LOUISVILLE | KY | 40222 | 455319715 | REAL ESTATE | KY | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION | UNRELATED | $38,320 | $9,801,165 | 0 | $242,505 | 0 | 0.51000 | |
| CAMPUS 805 LLC | |||||||||||||||
| 600 N HURSTBOURNE PKWY SUITE 300 | LOUISVILLE | KY | 40222 | 812355714 | REAL ESTATE-ASSIGNED OWNERSHIP INTEREST | KY | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION | UNRELATED | 0 | 0 | |||||
| CAMPUS 815 LLC | |||||||||||||||
| 600 N HURSTBOURNE PKWY SUITE 300 | LOUISVILLE | KY | 40222 | 812364928 | REAL ESTATE-ASSIGNED OWNERSHIP INTEREST | KY | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION | UNRELATED | 0 | 0 | |||||
| CAMPUS 435 LLC | |||||||||||||||
| 600 N HURSTBOURNE PKWY SUITE 300 | LOUISVILLE | KY | 40222 | 812387214 | REAL ESTATE-ASSIGNED OWNERSHIP INTEREST | KY | UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION | UNRELATED | 0 | 0 | |||||
| MEDCENTER PARKING LLC | |||||||||||||||
| 4010 DUPONT CIRCLE STE 700 | LOUISVILLE | KY | 40207 | 611400707 | REAL ESTATE | KY | UNRELATED | $353,493 | 0 | 0 | 0.50000 | N/A | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CAMPUS TWO LLC | ||
| C | $397,800 | CASH DISTRIBUTIONS |
| CAMPUS THREE LLC | ||
| B | $211,650 | CASH CONTRIBUTIONS |
| CAMPUS 805 LLC | ||
| C | $220,371 | CASH DISTRIBUTIONS |
| CAMPUS 815 LLC | ||
| C | $115,311 | CASH DISTRIBUTIONS |
| 220 SOUTH PRESTON LLC | ||
| C | $61,200 | CASH DISTRIBUTIONS |
| LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION | ||
| C | $12,580,000 | CASH TRANSFERS |