UNIVERSITY OF LOUISVILLE FOUNDATION INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF LOUISVILLE FOUNDATION INC (EIN 23-7078461)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-15
- IRS object ID
- 201801359349307420
- Schema version
- 2016v3.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-15T13:17:18-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | 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 | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237078461 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF LOUISVILLE FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | 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 AVENUE 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 | INTERIM EXECUTIVE DIRECTOR & COO | PersonTitleTxt |
| Phone | 5028527300 | PhoneNum |
| Signature | 2018-05-15 | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 AVENUE NO 212 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $66,911,277 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LOUISVILLEFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | THE FOUNDATION SUPPORTS THE UNIVERSITY OF LOUISVILLE (SEE SCHEDULE O) THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 18 | TotalEmployeeCnt |
| Total Volunteers | 28 | TotalVolunteersCnt |
| Total Gross UBI | $2,931,871 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$2,173,140 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $54,953,917 | PYContributionsGrantsAmt |
| CY Contributions Grants | $29,069,195 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $17,381,300 | PYInvestmentIncomeAmt |
| CY Investment Income | $9,351,293 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$1,279,582 | PYOtherRevenueAmt |
| CY Other Revenue | $15,484,374 | CYOtherRevenueAmt |
| PY Total Revenue | $71,055,635 | PYTotalRevenueAmt |
| CY Total Revenue | $53,904,862 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $135,091,559 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $55,479,486 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,330,816 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,142,685 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,257,560 | PYOtherExpensesAmt |
| CY Other Expenses | $38,943,291 | CYOtherExpensesAmt |
| PY Total Expenses | $152,679,935 | PYTotalExpensesAmt |
| CY Total Expenses | $99,565,462 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$81,624,300 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$45,660,600 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $870,000,371 | TotalAssetsBOYAmt |
| Total Assets EOY | $877,146,093 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $118,353,941 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $102,366,800 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $751,646,430 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $774,779,293 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $92,043,820 | ExpenseAmt |
| Grant | $55,479,486 | GrantAmt |
| Revenue | $13,716,707 | RevenueAmt |
| Desc | THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS.BY INVESTING WISELY, THE FOUNDATION HELPS KEEP THE UNIVERSITY IN A LEADERSHIP POSITION FOR RESEARCH OF ALL KINDS, WHETHER THAT MEANS SUPPORTING ONE OF THE COUNTRY'S FINEST CANCER TREATMENT AND RESEARCH INSTITUTIONS OR ENSURING OUR MEDICAL PROFESSIONALS RECEIVE WORLD-CLASS TRAINING IN EMERGENCY PREPAREDNESS.CONTINUED ON SCHEDULE O.EXCELLENCE IN RESEARCH TRANSLATES TO REAL-WORLD SOLUTIONS TO THE ISSUES AND COMPLEX PROBLEMS POSED TO OUR COMMUNITIES EACH AND EVERY DAY. STRONG METROPOLITAN RESEARCH UNIVERSITIES ARE ENGINES FOR INTELLECTUAL AND ECONOMIC GROWTH AND PROSPERITY, AND THE FOUNDATION MAKES THE UNIVERSITY MORE POWERFUL EVERY DAY BY PROVIDING TALENTED RESEARCHERS WITH THE RESOURCES NECESSARY TO MAKE BREAKTHROUGHS THAT MATTER.AS PUBLIC FINANCIAL SUPPORT FOR HIGHER EDUCATION HAS DECLINED AND THE COST CONTINUES TO INCREASE, THE FOUNDATION IS WORKING TO ENSURE THE DEFICIT IN FUNDING IS MET, AND THAT STUDENTS CAN CONTINUE TO BECOME UNIVERSITY OF LOUISVILLE ACADEMICS, ATHLETES AND CITIZENS, CREATING THEIR OWN UNIQUE UOFL STORIES. THAT IS WHY THE FOUNDATION ENCOURAGES SCHOLARSHIP PROGRAMS THAT SERVE BOTH FINANCIAL AND ENRICHMENT PURPOSES, AS WELL AS THE VARIOUS ACADEMIC, ATHLETIC AND CAREER PURSUITS, INCLUDING EVERYTHING FROM FULBRIGHT SCHOLARSHIPS TO STATE-OF-THE-ART SOCCER FACILITIES.THE FOUNDATION INVESTS IN COMMUNITY PROGRAMS AND PARTNERSHIPS - INCLUDING THOSE FOR MILITARY FAMILIES AND YOUNG ENTREPRENEURS. IN THIS WAY, THE FOUNDATION ENRICHES THE LIVES OF ALL LOCAL CITIZENS, NOT JUST THE STUDENTS. | Desc |
| Total Program Service Expenses | $92,043,820 | 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 | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | 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 | Yes (1) | 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 | Yes (1) | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | Yes (1) | 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 | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | 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 | 92 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 18 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| 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 | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | 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 |
| Own Website | Yes (X) | OwnWebsiteInd |
| 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 AVENUE NO 212 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40208 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (37 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 | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| RON ABRAMS | ||||||||
| DIRECTOR | 2.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL BOWERS | ||||||||
| TREASURER | 10.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PAUL CARRICO | ||||||||
| DIRECTOR | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| LAURA DOUGLAS | ||||||||
| SECRETARY | 10.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DAVID GRISSOM | ||||||||
| DIRECTOR | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| DONNA HEITZMAN | ||||||||
| DIRECTOR | 7.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| ALICE HOUSTON | ||||||||
| DIRECTOR | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MARK LYNN | ||||||||
| VICE CHAIR | 5.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DIANE MEDLEY | ||||||||
| CHAIR | 5.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| TOM MEEKER | ||||||||
| DIRECTOR | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| GREGORY C POSTEL | ||||||||
| DIRECTOR | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| EARL REED | ||||||||
| DIRECTOR | 3.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| NITIN SAHNEY | ||||||||
| DIRECTOR | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| JOHN SCHNATTER | ||||||||
| DIRECTOR | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| VINCENT TYRA | ||||||||
| DIRECTOR | 5.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| LAURENCE BENZ | ||||||||
| DIRECTOR (PREVIOUS) | 20.00 | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| JONATHAN BLUE | ||||||||
| DIRECTOR (PREVIOUS) | 2.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| ULYSSES L BRIDGEMAN JR | ||||||||
| TREASURER (PREVIOUS) | 2.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| SALEM GEORGE SR | ||||||||
| DIRECTOR (PREVIOUS) | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| CRAIG GREENBERG | ||||||||
| DIRECTOR (PREVIOUS) | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| JOYCE HAGEN | ||||||||
| VICE CHAIR (PREVIOUS) | 2.00 | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MARGARET HANDMAKER | ||||||||
| SECRETARY (PREVIOUS) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ROBERT C HUGHES | ||||||||
| CHAIR (PREVIOUS) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| FRANK MINNIFIELD | ||||||||
| SECRETARY (PREVIOUS) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| BRUCIE MOORE | ||||||||
| CHAIR (PREVIOUS) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| NEVILLE PINTO | ||||||||
| DIRECTOR (PREVIOUS) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| JAMES R RAMSEY | ||||||||
| PRESIDENT (PREVIOUS) | 40.00 | 1.50 | Yes (X) | $844,776 | $0 | $0 | Yes (X) | |
| WILLIAM SELVIDGE | ||||||||
| DIRECTOR (PREVIOUS) | 2.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| FRANK WEISBERG | ||||||||
| TREASURER (PREVIOUS) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| KEITH SHERMAN | ||||||||
| INTERIM EXECUTIVE DIRECTOR & COO | 55.00 | 1.50 | $19,342 | $0 | $3,330 | Yes (X) | ||
| KATHLEEN SMITH | ||||||||
| ASST SECRETARY (PREVIOUS) | 10.00 | 1.50 | $323,575 | $29,808 | $8,809 | Yes (X) | ||
| JASON TOMLINSON | ||||||||
| ASST TREASURER (PREVIOUS) | 37.00 | 1.50 | $251,256 | $21,191 | $32,580 | Yes (X) | ||
| RONALD KEVIN MILLER | ||||||||
| SR EXEC ASC ATHLETIC DIRECTOR ULAA | 0.50 | 0.00 | $123,252 | $0 | $0 | Yes (X) | ||
| REBECCA SIMPSON | ||||||||
| SR VP FOR COMMUNICATIONS | 0.50 | 0.00 | $336,864 | $0 | $0 | Yes (X) | ||
| SUSAN MAGNESS | ||||||||
| BUDGET AND ACCOUNTING DIRECTOR | 35.00 | 15.00 | $150,696 | $0 | $12,553 | Yes (X) | ||
| REGINA LANSKWERT | ||||||||
| PROJECT MANAGER | 43.00 | 2.00 | $112,110 | $0 | $10,980 | Yes (X) | ||
| THOMAS JURICH | ||||||||
| ATHLETIC DIRECTOR ULAA | 0.50 | 0.00 | $263,595 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,425,466 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $50,999 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $68,252 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| STITES & HARBISON PLLC | |||||
| 400 WEST MARKET ST STE 1800 | LOUISVILLE | KY | 40202 | LEGAL CONSULTING | $1,276,932 |
| POWER GRAPHICS INC | |||||
| 11701 COMMONWEALTH DR | LOUISVILLE | KY | 40299 | PRINTING SERVICES | $908,583 |
| CAMBRIDGE ASSOCIATES LLC | |||||
| 125 HIGH STREET | BOSTON | MA | 02110 | INVESTMENT MANAGEMENT | $847,916 |
| TRIPLETT STRIPING INC | |||||
| 1638 E MARKET ST | NEW ALBANY | IN | 47150 | EXCAVATION SERVICES | $824,347 |
| CENTERPLATE - SERVICE AMERICA CORP | |||||
| 1 INDEPENDENCE POINT SUITE 305 | GREENVILLE | SC | 29615 | HOSPITALITY SERVICES | $659,381 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 17 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $296,189 | RelatedOrganizationsAmt |
| All Other Contributions | $28,773,006 | AllOtherContributionsAmt |
| Noncash Contributions | $1,203,256 | NoncashContributionsAmt |
| Total Contributions | $29,069,195 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,883,763 | TotalRevenueColumnAmt |
| Exclusion | $5,883,763 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,591,438 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,755,642 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$1,164,204 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,164,204 | TotalRevenueColumnAmt |
| Exclusion | -$1,164,204 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,555,549 | SecuritiesAmt |
| Other | $162,754 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,180,593 | SecuritiesAmt |
| Other | $70,180 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,374,956 | SecuritiesAmt |
| Other | $92,574 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,467,530 | TotalRevenueColumnAmt |
| Exclusion | $3,467,530 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| GAIN ON PAYABLE SETTLEMENT | 900099 | $12,469,960 | $12,469,960 | |
| GOLF COURSE REVENUE | 900099 | $2,931,871 | $2,931,871 | |
| PROFESSIONAL FEES AND SERVICES | 611710 | $1,148,288 | $1,148,288 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $98,459 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $98,459 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $16,648,578 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,904,862 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,716,707 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,931,871 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,187,089 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,479,486 | TotalAmt |
| Program Services | $55,479,486 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $921,929 | TotalAmt |
| Management And General | $921,929 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,096,260 | TotalAmt |
| Program Services | $1,653,314 | ProgramServicesAmt |
| Management And General | $1,442,946 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $176,552 | TotalAmt |
| Program Services | $112,743 | ProgramServicesAmt |
| Management And General | $63,809 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,773 | TotalAmt |
| Program Services | $187,178 | ProgramServicesAmt |
| Management And General | $19,595 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $741,171 | TotalAmt |
| Program Services | $104,078 | ProgramServicesAmt |
| Management And General | $637,093 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,095,772 | TotalAmt |
| Management And General | $1,095,772 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $460,114 | TotalAmt |
| Management And General | $460,114 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,145,946 | TotalAmt |
| Program Services | $1,145,946 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $327,401 | TotalAmt |
| Program Services | $327,401 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $991,190 | TotalAmt |
| Program Services | $959,215 | ProgramServicesAmt |
| Management And General | $31,975 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,246 | TotalAmt |
| Management And General | $125,246 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,110 | TotalAmt |
| Management And General | $53,110 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,901,013 | TotalAmt |
| Program Services | $689,731 | ProgramServicesAmt |
| Management And General | $1,211,282 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,633 | TotalAmt |
| Program Services | $13,252 | ProgramServicesAmt |
| Management And General | $6,381 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,688 | TotalAmt |
| Program Services | $1,583 | ProgramServicesAmt |
| Management And General | $1,105 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,302,866 | TotalAmt |
| Program Services | $3,218,343 | ProgramServicesAmt |
| Management And General | $84,523 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $344,690 | TotalAmt |
| Program Services | $7,479 | ProgramServicesAmt |
| Management And General | $337,211 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,135 | TotalAmt |
| Management And General | $84,135 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LOSS-PAYABLE WRITE-OFF | $19,927,537 | $19,927,537 | |
| CHANGE-PLEDGE RESERVE | $7,228,982 | $7,228,982 | |
| CATERING | $725,854 | $725,854 | |
| ANNUITANT PAYMENTS | $691,961 | $691,961 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $515,153 | TotalAmt |
| Program Services | $295,591 | ProgramServicesAmt |
| Management And General | $219,562 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,565,462 | TotalAmt |
| Program Services | $92,043,820 | ProgramServicesAmt |
| Management And General | $7,521,642 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800 | BOYAmt |
| EOY | $800 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,343,118 | BOYAmt |
| EOY | $5,947,146 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,204,211 | BOYAmt |
| EOY | $24,600,687 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $361,662 | BOYAmt |
| EOY | $832,013 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,225,202 | BOYAmt |
| EOY | $39,800,153 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,645 | BOYAmt |
| EOY | $145,315 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $439,080 | BOYAmt |
| EOY | $448,055 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $60,179,537 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $25,460,998 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,575,910 | BOYAmt |
| EOY | $34,718,539 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,689,085 | BOYAmt |
| EOY | $132,198,532 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $526,079,029 | BOYAmt |
| EOY | $551,095,164 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,977,629 | BOYAmt |
| EOY | $87,359,689 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $870,000,371 | BOYAmt |
| EOY | $877,146,093 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,171,238 | BOYAmt |
| EOY | $2,686,048 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,149,365 | BOYAmt |
| EOY | $5,358,332 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,187,239 | BOYAmt |
| EOY | $33,757,350 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,930,940 | BOYAmt |
| EOY | $35,715,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,915,159 | BOYAmt |
| EOY | $24,850,070 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,353,941 | BOYAmt |
| EOY | $102,366,800 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,716,757 | BOYAmt |
| EOY | $37,605,470 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $277,411,534 | BOYAmt |
| EOY | $281,435,823 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $449,518,139 | BOYAmt |
| EOY | $455,738,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $751,646,430 | BOYAmt |
| EOY | $774,779,293 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $870,000,371 | BOYAmt |
| EOY | $877,146,093 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$45,660,600 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $73,544,443 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$4,750,980 | OtherChangesInNetAssetsAmt |
| 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) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $39,479,546 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $50,246,147 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $49,350,665 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $54,953,917 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,069,195 | CurrentTaxYearAmt |
| Total | $223,099,470 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $39,479,546 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $50,246,147 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $49,350,665 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $54,953,917 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,069,195 | CurrentTaxYearAmt |
| Total | $223,099,470 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $27,793,760 | SubstantialContributorsTotAmt |
| Public Support Total170 | $195,305,710 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,994,902 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $14,950,064 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,781,318 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,608,775 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,475,201 | CurrentTaxYearAmt |
| Total | $60,810,260 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $283,909,730 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $16,076,643 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.68790 | PublicSupportCY170Pct |
| Public Support PY170 | 0.73340 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $708,152,893 | BeginningYearBalanceAmt |
| Contributions | $4,793,830 | ContributionsAmt |
| Investment Earnings Or Losses | $72,691,984 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $28,503,740 | OtherExpendituresAmt |
| Administrative Expenses | $10,268,217 | AdministrativeExpensesAmt |
| End Year Balance | $746,866,750 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $770,851,166 | BeginningYearBalanceAmt |
| Contributions | $8,028,257 | ContributionsAmt |
| Investment Earnings Or Losses | -$7,423,307 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $52,125,881 | OtherExpendituresAmt |
| Administrative Expenses | $11,177,342 | AdministrativeExpensesAmt |
| End Year Balance | $708,152,893 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $818,284,478 | BeginningYearBalanceAmt |
| Contributions | $19,926,930 | ContributionsAmt |
| Investment Earnings Or Losses | -$18,366,293 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,587,144 | GrantsOrScholarshipsAmt |
| Other Expenditures | $31,792,235 | OtherExpendituresAmt |
| Administrative Expenses | $9,614,570 | AdministrativeExpensesAmt |
| End Year Balance | $770,851,166 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $734,532,070 | BeginningYearBalanceAmt |
| Contributions | $13,126,927 | ContributionsAmt |
| Investment Earnings Or Losses | $118,951,849 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,867,804 | GrantsOrScholarshipsAmt |
| Other Expenditures | $31,670,304 | OtherExpendituresAmt |
| Administrative Expenses | $8,788,260 | AdministrativeExpensesAmt |
| End Year Balance | $818,284,478 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $692,465,964 | BeginningYearBalanceAmt |
| Contributions | $14,975,035 | ContributionsAmt |
| Investment Earnings Or Losses | $67,557,303 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,966,865 | GrantsOrScholarshipsAmt |
| Other Expenditures | $23,280,375 | OtherExpendituresAmt |
| Administrative Expenses | $9,218,992 | AdministrativeExpensesAmt |
| End Year Balance | $734,532,070 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.05570 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.58380 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.36050 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,957,629 | OtherCostOrOtherBasisAmt |
| Book Value | $11,957,629 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,638,007 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,534,798 | DepreciationAmt |
| Book Value | $18,103,209 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,853,498 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,061,446 | DepreciationAmt |
| Book Value | $1,792,052 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,730,403 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,864,754 | DepreciationAmt |
| Book Value | $2,865,649 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $34,718,539 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| MARKETABLE ALTERNATIVES | $98,167,575 | F |
| MISCELLANEOUS INVESTMENTS | $9,812,089 | F |
| PARTNERSHIP INVESTMENTS | $443,115,500 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $551,095,164 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INTERCOMPANY RECEIVABLES | $32,066,534 |
| FUNDS HELD IN TRUST BY OTHERS | $55,293,155 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $87,359,689 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO UNIVERSITY OF LOUISVILLE | $18,256,282 |
| DEFERRED COMPENSATION | $591,739 |
| ANNUITIES AND TRUSTS PAYABLE | $4,066,049 |
| GUARANTEE LIABILITY | $1,936,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $24,850,070 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE FOUNDATION IS THE CUSTODIAN OF FUNDS OWNED BY THE UNIVERSITY OF LOUISVILLE ATHLETICS ASSOCIATION (ASSOCIATION). THE ASSOCIATION IS A SEPARATE CORPORATION ORGANIZED FOR THE PURPOSE OF PROMOTING THE INTERCOLLEGIATE ATHLETIC ACTIVITIES OF THE UNIVERSITY OF LOUISVILLE. THE FOUNDATION SERVES IN AN AGENCY CAPACITY AND INVESTS FUNDS ON BEHALF OF THE ASSOCIATION BASED ON A FORMAL TRUST AGREEMENT. AS OF JUNE 30, 2017, THE FOUNDATION HELD APPROXIMATELY $25.3 MILLION FOR THE ASSOCIATION'S INVESTMENT PURPOSES. DURING THE YEAR ENDED JUNE 30, 2005, THE FOUNDATION ENTERED INTO AN AGREEMENT WITH JEWISH HOSPITAL & ST. MARY'S HEALTHCARE, INC. (JEWISH HOSPITAL) WHEREBY THE FOUNDATION SERVES IN AN AGENCY CAPACITY TO INVEST FUNDS ON BEHALF OF JEWISH HOSPITAL. JEWISH HOSPITAL IS A SEPARATE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING HEALTHCARE SERVICES. AS OF JUNE 30, 2017, THE FOUNDATION HELD APPROXIMATELY $8.3 MILLION FOR JEWISH HOSPITAL'S INVESTMENT PURPOSES. DURING THE YEAR ENDED JUNE 30, 2011, THE FOUNDATION WAS THE RECIPIENT OF ENDOWED FUNDS, THE INCOME OF WHICH SHALL BE USED IN SUPPORT OF THE LOUISVILLE ORCHESTRA. AS OF JUNE 30, 2017, THE FOUNDATION HELD APPROXIMATELY $0.2 MILLION FOR THE BENEFIT OF THE LOUISVILLE ORCHESTRA. THE FOUNDATION, ACTING IN AN AGENT CAPACITY, DOES NOT REFLECT EARNINGS ON INVESTMENTS HELD IN TRUST FOR OTHERS IN ITS REVENUES AS THESE EARNINGS ARE DISTRIBUTED TO THE OWNERS OF THE FUNDS. |
| PART V, LINE 4: | THE INTENDED USE OF THE FOUNDATION'S ENDOWMENTS IS TO SUPPORT THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION. |
| PART X, LINE 2: | THE FOUNDATION COMPLETED AN ANALYSIS OF ITS UNCERTAIN 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, 2017 AND 2016. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $147,254,018 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | INVESTMENTS | $5,130,166 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $152,384,184 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $152,384,184 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 472373203 | 501(C)(3) | $1,173,240 | $0 | GENERAL SUPPORT | ||
| UNIVERSITY OF LOUISVILLE | ||||||||||
| 2301 S 3RD STREET | LOUISVILLE | KY | 40208 | 611014882 | SECTION 115 | $53,044,914 | $1,211,256 | GENERAL SUPPORT | FAIR VALUE | ART, CLOTHING, FOOD, EQUIPMENT, MISC. |
| FUND FOR THE ARTS | ||||||||||
| 623 WEST MAIN STREET | LOUISVILLE | KY | 40202 | 610479626 | 501(C)(3) | $25,000 | $0 | GENERAL SUPPORT | ||
| GREATER LOUISVILLE INC | ||||||||||
| 614 WEST MAIN STREET NO 6000 | LOUISVILLE | KY | 40202 | 610434089 | 501(C)(6) | $25,000 | $0 | GENERAL SUPPORT | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION HAS BEEN DESIGNATED BY THE UNIVERSITY OF LOUISVILLE TO RECEIVE FUNDS DERIVED FROM GIFTS AND OTHER SOURCES. AS GUIDED BY ITS BOARD OF DIRECTORS, THE ORGANIZATION TRANSFERS FUNDS TO THE UNIVERSITY AND OTHER CHARITABLE ORGANIZATIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | 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 (6 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAMES R RAMSEY | ||||||||||||||
| PRESIDENT (PREVIOUS) | $235,078 | $0 | $0 | $0 | $609,698 | $0 | $0 | $0 | $0 | $0 | $844,776 | $0 | $606,312 | $0 |
| KATHLEEN SMITH | ||||||||||||||
| ASST SECRETARY (PREVIOUS) | $102,801 | $29,808 | $0 | $0 | $220,774 | $0 | $7,892 | $0 | $917 | $0 | $332,384 | $29,808 | $211,558 | $0 |
| JASON TOMLINSON | ||||||||||||||
| ASST TREASURER (PREVIOUS) | $250,842 | $21,191 | $0 | $0 | $414 | $0 | $23,890 | $0 | $8,690 | $0 | $283,836 | $21,191 | $0 | $0 |
| REBECCA SIMPSON | ||||||||||||||
| SR VP FOR COMMUNICATIONS | $0 | $0 | $0 | $0 | $336,864 | $0 | $0 | $0 | $0 | $0 | $336,864 | $0 | $0 | $0 |
| SUSAN MAGNESS | ||||||||||||||
| BUDGET AND ACCOUNTING DIRECTOR | $148,410 | $0 | $0 | $0 | $2,286 | $0 | $11,746 | $0 | $807 | $0 | $163,249 | $0 | $0 | $0 |
| THOMAS JURICH | ||||||||||||||
| ATHLETIC DIRECTOR ULAA | $263,595 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $263,595 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | JAMES RAMSEY, KATHLEEN SMITH, REBECCA SIMPSON, AND RONALD MILLER WERE PROVIDED TAX GROSS-UP PAYMENTS RELATED TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. THESE GROSS-UPS WERE CALCULATED AND PAID IN ACCORDANCE WITH EMPLOYEE CONTRACTS. ALL TAX GROSS-UPS WERE REPORTED AND TAXED ACCORDINGLY. |
| PART I, LINE 3 | THE EXECUTIVE COMMITTEE ACTING ON BEHALF OF THE BOARD OF DIRECTORS APPROVED COMPENSATION OF THE PREVIOUS PRESIDENT. SEE NOTE - SCHEDULE O, FORM 990 PART VI, SECTION A, LINE 1 FOR AUTHORITY OF THE EXECUTIVE COMMITTEE. |
| PART I, LINE 4B | THE FOLLOWING AMOUNTS RELATING TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WERE PAID BY THE UNIVERSITY OF LOUISVILLE FOUNDATION DURING CALENDAR YEAR 2016: DR. JAMES RAMSEY - $606,312 KATHLEEN SMITH - $211,558 REBECCA SIMPSON - $336,864 RONALD MILLER - $123,252 |
| SCHEDULE J, PART II | COMPENSATION LISTED ON SCHEDULE J, PART II FOR JAMES RAMSEY, KATHLEEN SMITH, JASON TOMLINSON, SUSAN MAGNESS, AND THOMAS JURICH INCLUDES COMPENSATION REPORTED ON A UNIVERSITY OF LOUISVILLE W-2 AND ALLOCATED TO THE FOUNDATION FOR SERVICES PERFORMED BY THE INDIVIDUAL. |
Schedule L IRS990ScheduleL
Disqualified Person Ex Bnft Tr DisqualifiedPersonExBnftTrGrp (4 entries)
| Rln Disqualified Person OrgRlnDisqualifiedPersonOrgTxt | TransactionTransactionDesc | Transaction CorrectedTransactionCorrectedInd |
|---|---|---|
| JAMES R RAMSEY | ||
| OFFICER | SEE PART V | 0 |
| KATHLEEN SMITH | ||
| OFFICER | SEE PART V | 0 |
| SHIRLEY WILLIHNGANZ | ||
| OFFICER | SEE PART V | 0 |
| JASON TOMLINSON | ||
| OFFICER | SEE PART V | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Imposed | $0 | TaxImposedAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DONNA HEITZMAN | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | MEMBER OF BOARD OF DIRECTORS OF STOCK YARDS BANK & TRUST COMPANY | RelationshipDescriptionTxt |
| Transaction | $573,091 | TransactionAmt |
| Transaction | PART V - THE FOUNDATION ENTERED INTO A FORBEARANCE AGREEMENT WITH STOCK YARDS BANK & TRUST COMPANY (SYB) IN RELATION TO A GUARANTY OF PAYMENT AGREEMENT. THE FOUNDATION MADE MONTHLY PAYMENTS TO SYB IN ACCORDANCE WITH THE FORBEARANCE AGREEMENT. DONNA HEITZMAN RECUSED HERSELF FROM ALL BOARD MEETING DISCUSSIONS REGARDING SYB. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART I, COLUMN C | FormAndLineReferenceDesc |
| Explanation | BEGINNING IN 2005, THE FOUNDATION OVERSAW A NONQUALIFIED DEFERRED COMPENSATION PROGRAM SUBJECT TO SECTION 457(F) FOR SOME OF ITS OFFICERS AND KEY EXECUTIVES (THE "PLAN"). UNDER THE PLAN, THE FOUNDATION PAID SIGNIFICANT AMOUNTS OF DEFERRED COMPENSATION TO THE OFFICERS AND KEY EXECUTIVES, AMOUNTS WHICH WERE SUBJECT TO GENEROUS INTEREST ACCUMULATION AND TAX GROSS-UP PAYMENTS.THE FOUNDATION RECENTLY BECAME AWARE THAT DURING THE REPORTING PERIOD AND IN PRIOR YEARS CERTAIN DISQUALIFIED PERSONS BENEFITTED EXCESSIVELY BECAUSE OF THE PLAN. THE FOUNDATION IS AWARE THAT THE FOLLOWING OFFICERS RECEIVED EXCESS BENEFIT TRANSACTIONS: THE FOUNDATION'S FORMER PRESIDENT, JAMES RAMSEY, ITS FORMER ASSISTANT SECRETARY, KATHLEEN SMITH, ITS FORMER EXECUTIVE VICE PRESIDENT, SHIRLEY WILLINGHANZ, AND ITS FORMER CHIEF FINANCIAL OFFICER, JASON TOMLINSON (THE "BENEFITTED OFFICERS"). AFTER THE CLOSE OF ITS 2016 TAXABLE YEAR, THE FOUNDATION CAME TO UNDERSTAND THAT ONE OR MORE OF THE PAYMENTS, INCLUDING TAX GROSS-UPS, MADE UNDER THE PLAN CONSTITUTED EXCESS BENEFIT TRANSACTIONS. SINCE IDENTIFYING THE ISSUE, THE FOUNDATION HAS TAKEN A NUMBER OF STEPS TO PROTECT ITSELF AND TO ENSURE THAT IT IS OPERATING IN A MANNER THAT IS CONSISTENT WITH ITS CHARITABLE, TAX-EXEMPT PURPOSES. THE FOUNDATION'S BOARD OF DIRECTORS VOTED TO TERMINATE THE PLAN FOR ALL PARTICIPANTS EFFECTIVE MARCH 31, 2017. IT SOUGHT THE ADVICE OF NEWLY-HIRED LEGAL COUNSEL TO DETERMINE THE PROPER COURSE OF ACTION TO ENSURE THAT SUCH EXCESS BENEFIT TRANSACTIONS ARE CORRECTED AND NOT REPEATED. COUNSEL ENGAGED A NATIONALLY-RECOGNIZED COMPENSATION CONSULTANT TO PROVIDE THE FOUNDATION WITH COMPARABILITY DATA CONCERNING THE BENEFITTED OFFICERS. THE FOUNDATION, ALONG WITH THE UNIVERSITY OF LOUISVILLE, HAS INITIATED A LAWSUIT WHICH, IN PART, SEEKS TO COLLECT REPAYMENT OF EXCESSIVE COMPENSATION FROM CERTAIN OF THE BENEFITTED OFFICERS.WHILE THE RESULTS OF THE INITIAL COMPENSATION STUDY REMAIN PRELIMINARY, THE FOUNDATION CAN REPORT FOR TAX PURPOSES THAT THE TOTAL EXCESS BENEFIT AMOUNT INVOLVING ALL BENEFITTED OFFICERS BETWEEN 2010 AND 2016 WILL BE AT LEAST $3,927,311. CONSISTENT WITH BEST PRACTICES FOR COMPENSATION STUDIES, THE DEFERRED COMPENSATION AMOUNTS ARE BEING AMORTIZED OVER A 15-YEAR EXECUTIVE SERVICE PERIOD. WERE THE FOUNDATION TO CONSIDER THE DEFERRED COMPENSATION AMOUNTS ON A MAXIMUM CASH PAID OUT BASIS, THE EXCESS BENEFIT AMOUNT WOULD INCREASE SIGNIFICANTLY.BASED ON THE INITIAL STUDY'S PRELIMINARY FINDINGS, THE FOUNDATION MAY CONSIDER REVIEWING ADDITIONAL NON-OFFICER EXECUTIVES IN A FOLLOW-UP STUDY, PARTICULARLY THOSE WHO RECEIVED DEFERRED COMPENSATION AND TAX GROSS-UPS.THESE EXCESS BENEFIT TRANSACTIONS HAVE NOT YET BEEN CORRECTED IN ACCORDANCE WITH TREASURY REGULATION 53.4958-7.THE FOUNDATION IS STILL CONSIDERING WHETHER ANY ORGANIZATION MANAGER WHO PARTICIPATED IN APPROVING THE PLAN'S DESIGN OR ITS PAYMENTS KNEW THAT THESE PAYMENTS WOULD RESULT IN EXCESS BENEFIT TRANSACTIONS AT THE TIME OF THEIR APPROVAL. | ExplanationTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 7 | ContributionCnt |
| Noncash Contributions Rpt F990 | $546,905 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET AND DONOR VALUE | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $3,867 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | DONOR VALUE | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $265 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | DONOR VALUE | MethodOfDeterminingRevenuesTxt |
Food Inventory FoodInventoryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 14 | ContributionCnt |
| Noncash Contributions Rpt F990 | $55,986 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | DONOR VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT & SUPPLIES | 13 | $464,915 | DONOR VALUE |
| Yes (X) | IT | 5 | $64,750 | DONOR VALUE |
| Yes (X) | MISCELLANEOUS | 53 | $58,206 | DONOR VALUE |
| Yes (X) | INSTRUMENTS | 2 | $8,336 | DONOR VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | ART - WORKS OF ART - NUMBER OF CONTRIBUTIONS BOOKS AND PUBLICATIONS - NUMBER OF CONTRIBUTIONS CLOTHING AND HOUSEHOLD GOODS - NUMBER OF CONTRIBUTIONS FOOD INVENTORY - NUMBER OF CONTRIBUTIONS OTHER - EQUIPMENT - NUMBER OF CONTRIBUTIONS OTHER - IT - NUMBER OF CONTRIBUTIONS OTHER - INSTRUMENTS - NUMBER OF CONTRIBUTIONS OTHER - MISCELLANEOUS - NUMBER OF CONTRIBUTIONS |
| PART I, LINE 32B: | THE FOUNDATION OCCASIONALLY USES REAL ESTATE AGENTS TO SELL REAL PROPERTY, PROFESSIONAL ART DEALERS TO SELL ARTWORK, AND A BANKING INSTITUTION TO SELL SECURITIES. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE MAY HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD, BUT MAY NOT HAVE THE AUTHORITY OF THE BOARD IN REFERENCE TO AMENDING, ALTERING, OR REPEALING THE FOUNDATION'S BY-LAWS; ELECTING, ALTERING OR REMOVING ANY MEMBER OF THE EXECUTIVE COMMITTEE ITSELF NOR ANY DIRECTOR OR OFFICER OF THE FOUNDATION; AMENDING OR RESTATING THE ARTICLES OF INCORPORATION; ADOPTING A PLAN OF MERGER, OR ADOPTING A PLAN OF CONSOLIDATION WITH ANOTHER CORPORATION; AUTHORIZING THE SALE, LEASE, EXCHANGE, OR MORTGAGE OF SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE FOUNDATION; AUTHORIZING THE VOLUNTARY DISSOLUTION OF THE FOUNDATION OR REVOKING PROCEEDINGS THEREFORE; ADOPTING A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE FOUNDATION OR AMENDING, ALTERING, OR REPEALING ANY RESOLUTION OF THE BOARD WHICH BY ITS TERMS PROVIDES THAT IT SHALL NOT BE AMENDED, ALTERED OR REPEALED BY SUCH COMMITTEE; OR DOING ANY OTHER ACT FORBIDDEN BY LAW OR BY THE ARTICLES OF INCORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE FOUNDATION MADE REVISIONS TO ITS BYLAWS. PER THESE REVISIONS, THE PRESIDENT OF THE FOUNDATION MAY NOT BE THE PRESIDENT OF THE UNIVERSITY OF LOUISVILLE. ALSO PER REVISIONS TO THE BYLAWS, STANDING COMMITTEES OF THE BOARD INCLUDE AN EXECUTIVE COMMITTEE, COMMITTEE ON FINANCE, A NOMINATING COMMITTEE, AND AN AUDIT COMMITTEE. STANDING COMMITTEES OF THE BOARD NO LONGER INCLUDE A DEVELOPMENT CABINET OR A PROPERTY COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE RETURN IS FIRST REVIEWED BY UNIVERSITY OF LOUISVILLE FOUNDATION, INC. STAFF INCLUDING THE TAX MANAGER, DIRECTOR OF ACCOUNTING, SENIOR FINANCIAL CONSULTANT, 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 FOUNDATION OR 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. SINCE SEPTEMBER 2017, BOARD/COMMITTEE CHAIRS HAVE STATED THE FOLLOWING AT THE BEGINNING OF EACH MEETING: AS CHAIR IT IS MY RESPONSIBILITY TO REMIND ALL MEMBERS OF THE BOARD OF THEIR RESPONSIBILITY TO AVOID CONFLICTS OF INTEREST AND EVEN APPEARANCE 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 APPEARANCE 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 C, LINE 19 | THE ORGANIZATION'S FINANCIAL STATEMENTS, FORMS 990, AND BOARD MINUTES ARE AVAILABLE AT WWW.LOUISVILLEFOUNDATION.ORG. ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | PRESENT VALUE DISCOUNT -4,750,980. |
| FORM 990, PART VI, SECTION B, LINE 16B | THE ORGANIZATION'S PRACTICE IS TO OBTAIN BOARD APPROVAL PRIOR TO ENTERING INTO A JOINT VENTURE. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 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 |
|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF LOUISVILLE DEVELOPMENT CORPORATION LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 263416894 | REAL ESTATE | KY | $13,177,592 | $7,860,963 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
| METACYTE EQUITY HOLDINGS LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | HOLDING COMPANY (INACTIVE) | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE FOUNDATION INC | |
| MINERVA-LOUISVILLE LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 455604157 | ADMINISTRATIVE (INACTIVE) | KY | $0 | $0 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
| CCG-LOUISVILLE LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 463848960 | GOLF COURSE | KY | $3,776,194 | $10,234,633 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
| DCPA LLC | |||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 472587366 | ADMINISTRATIVE | KY | $0 | $4,791 | UNIVERSITY OF LOUISVILLE FOUNDATION INC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY HOLDINGS INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 262258318 | MANAGEMENT SERVICES | KY | 501(C)(3) | LINE 12B, II | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Yes (1) |
| ULH INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 310926171 | STUDENT HOUSING | KY | 501(C)(3) | LINE 12B, II | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Yes (1) |
| THE NUCLEUS REAL PROPERTIES INC | ||||||||||
| 215 CENTRAL AVENUE SUITE 212 | LOUISVILLE | KY | 40208 | 463070346 | REAL ESTATE | KY | 501(C)(3) | LINE 12B, II | UNIVERSITY OF LOUISVILLE FOUNDATION INC | Yes (1) |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAMPUS ONE LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 N HURSTBOURNE PKWY STE 300 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40222 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273900405 | EIN |
| Primary Activities | REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | KY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF LOUISVILLE DEVELOPMENT CORPORATION LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | UNRELATED | PredominantIncomeTypeTxt |
| Share Of Total Income | $103,610 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $8,344,765 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.51000 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| METACYTE BUSINESS LAB LLC | |||||||||||||
| 215 CENTRAL AVE SUITE 212 | LOUISVILLE | KY | 40208 | 161657492 | RESEARCH | KY | UNIVERSITY OF LOUISVILLE FOUNDATION INC | C | $251,657 | $449,125 | 1.00000 | Yes (1) | |
| CHARITABLE REMAINDER TRUSTS (14) | |||||||||||||
| INVESTMENTS | KY | T | 0 | N/A | |||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | 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 | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | 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 | 0 | 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 | Yes (1) | 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 | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (10 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| UNIVERSITY HOLDINGS INC | ||
| D | $12,325,926 | LOAN BALANCE AND INTEREST ACCRUED |
| UNIVERSITY HOLDINGS INC | ||
| A | $1,442,552 | AMOUNT ACCRUED |
| THE NUCLEUS REAL PROPERTIES INC | ||
| D | $16,160,194 | LOAN BALANCE |
| THE NUCLEUS REAL PROPERTIES INC | ||
| C | $296,189 | AMOUNT RECEIVED & ACCRUED |
| THE NUCLEUS REAL PROPERTIES INC | ||
| A | $161,600 | AMOUNT RECEIVED & ACCRUED |
| ULH INC | ||
| D | $13,545,025 | LOAN BALANCE AND INTEREST ACCRUED |
| ULH INC | ||
| A | $373,817 | AMOUNT RECEIVED |
| METACYTE BUSINESS LAB LLC | ||
| S | $306,183 | AMOUNT RECEIVED |
| CAMPUS ONE LLC | ||
| B | $196,350 | AMOUNT RECEIVED |
| CAMPUS ONE LLC | ||
| C | $306,000 | AMOUNT RECEIVED |