2016-05-16T15:14:41-05:00 2015-06-30 350921680 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2014-07-01 311106941 University of Louisville Athletic Association UNIV 5028527072 Controllers Office Service Complex Louisville KY 40292 Harlan M Sands Asst. Treasurer 2016-05-03 true Rachel Spurlock P00520729 5023263996 2014 2016-08-17 19:52:53Z James Ramsey Controllers Office Service Complex Louisville KY 40292 108641345 false X http://www.gocards.com/ X 1984 KY The University of Louisville Athletic Association is organized to support and counsel our student-athletes so they will maximize their potential at U of L and be successful in preparing for their future lives. 23 9 619 213 365915 0 46665314 36664155 45288756 49432784 -66585 449011 8925613 19386928 100813098 105932878 13349268 14544101 0 0 36638840 41386972 0 0 1907521 38941841 41946122 88929949 97877195 11883149 8055683 266274898 263678125 133998897 125866525 132276001 137811600 Our mission is to support and counsel our student-athletes so they will maximize their potential at U of L and be successful in preparing for their future lives. We will provide leadership for our student-athletes to inspire their achievement of the goals established in this mission statement. U of L's competitive athletics provide an outstanding leadership laboratory, and its high quality classroom instruction provides outstanding educational opportunities. It is our responsibility to assure that our student-athletes benefit from these educational and athletic experiences at U of L. To help accomplish our mission, we provide superior services to our fans and donors, the primary financial resources that support our program. These services result in the best opportunities for our student-athletes to participate in well-supported, competitive programs that bring renewed spirit to our campus, our alumni, and the Louisville community. false false 90165655 14544101 50863488 The University of Louisville Athletics Association (ULAA) made history in 2014-15, competing in its first year in the Atlantic Coast Conference. Among the numerous accomplishments, the baseball team won the ACC Atlantic Division regular-season title to become the first program in school history to win an ACC team title. The team set a conference record for league wins in a single season finishing with a 25-5 mark. At the individual level, a junior student athlete won two national titles in the 100-fly and 200-fly in addition to breaking the American record in the 100-fly and the fastest split (22.34) in the 50 fly in the sport's history. Overall, 10 teams - five men's and five women's - finished 2014-15 ranked in the nation's Top 25, and the University was one of just two schools with its football and men's and women's basketball teams all ranked in the Associated Press Top 25. Of the teams advancing in postseason play, the football program participated in its 14th bowl game in the last 17 seasons, the men's basketball team reached its 14th NCAA Elite Eight, the women's basketball program advanced to its sixth Sweet 16, and baseball played in its third-consecutive NCAA Super Regional. Academically, Louisville athletics teams posted a collective 3.125 GPA during the 2014-15 year, with 20 of 23 teams achieving a 3.0 or better for the 2015 spring semester. Three student-athletes earned Capital One CoSIDA Academic All-America honors. A total of 276 student-athletes have a cumulative GPA of 3.25 or better. ULAA student-athletes completed over 8,000 service hours through its CardsCARE community outreach program during the 2014-15 year, a total that ranked second in the nation in the NCAA Team Works Challenge. ULAA's student-athletes also earned recognition from the professional ranks. Thirteen Cardinals were selected in their respective sport's drafts, including first-round NFL pick DeVante Parker. Individual achievements included four league players of the year and two coaches earn ACC Coach of the Year honors. During the fall, ULAA opened a state-of-the-art soccer facility with the Mark and Cindy Lynn Stadium. The Cardinals concluded the campaign with their second-highest finish in school history in the 2014-15 Learfield Sports Directors' Cup Division I standings, placing 29th. 90165655 true true false false false false false false false true true false false false true false true true false false true false false false false false false true true true true false false false false false false false false false false true false false false false true false false false true 358 0 true 619 true true false false false false false false false false false X 23 9 false false false false false false false true true false false true true true true true true true false false KY X John R Shipley 5028527072 Service Complex-Univ of Louisville Louisville KY 40292 Dr James R Ramsey President and Chair 0.50 49.50 X X 0 340650 38257 Prof Enid Trucios-Haynes Vice Chair 0.50 49.50 X X 0 161963 32090 Douglas Hall Secretary 0.50 0.50 X X 0 0 0 Ron Butt CFP Treasurer 0.50 0.50 X X 0 0 0 Victoria Ann Allen Director (from 5/10/2015) 0.50 1.00 X 0 3195 0 William W Armstrong Director 0.50 49.50 X 0 58729 23554 Eric Berson PhD Director 0.50 49.50 X 0 104489 16989 Chip Blankenship Director 0.50 0 X 0 0 0 Ulysses L Bridgeman Jr Director 0.50 0 X 0 0 0 Pedro Coutinho Director (From 5/1/2015) 0.50 0 X 0 0 0 Prof Carmine Esposito Director 0.50 49.50 X 0 142088 27714 Ed Glasscock Director 0.50 0 X 0 0 0 Monali Haldankar Director (To 5/9/2015) 0.50 0.50 X 0 0 0 Dr Mary Hums Director 0.50 49.50 X 0 91449 21423 A Keith Inman Director 0.50 49.50 X 0 322668 46669 D Harry Jones Director 0.50 0 X 0 0 0 Prof Bruce Kemelgor Director 0.50 49.50 X 0 106619 26522 Jim King Director (to 1/14/15) 0.50 0 X 0 0 0 Rebecca Maddock Director (To 4/30/2015) 0.50 0 X 0 0 0 Cynthia McClellen Director 0.50 0 X 0 0 0 Sam Rechter Diector 0.50 0 X 0 0 0 Robert Staat MD Director 0.50 49.50 X 0 118870 30988 Jessica R Stumbo MD Director 0.50 49.50 X 0 142833 33238 Prof Karen Turner Director 0.50 49.50 X 0 67667 11102 Shirley C Willihnganz PhD Director 0.50 49.50 X 0 342276 55834 Prof Elaine O Wise Director 0.50 49.50 X 0 95370 23307 Thomas M Jurich Athletic Director 50.00 0 X 3195066 0 270642 Susan I Howarth Assistant Treasurer 0.50 49.00 X 0 254392 32934 Dana B Mayton JD Legal Counsel 0.50 49.50 X 0 221201 39315 Kathleen M Smith Assistant Secretary 0.50 49.50 X 0 147706 31717 Ronald Kevin Miller Executive Senior Associate Athletic Director 50.00 0 X 237956 0 40877 Richard Pitino Men's Basketball Coach 50.00 0 X 5212506 0 447633 Robert P Petrino Men's Football Coach 50.00 0 X 3694493 0 42543 Jeff Walz Women's Basketball Coach 50.00 0 X 1136771 0 455444 Jeffrey Todd Grantham Asst. Men's Football Coach 50.00 0 X 1031167 0 42206 Denny Crum Assistant to the President 50.00 0 X 836462 0 50518 Michael J Curtin (Former) Former Asst. Treasurer 0 X 0 210292 0 Angela D Koshewa JD Former legal counsel 0 X 0 445206 15346 Pamela Feldhoff PhD Former Vice Chair 49.50 X 0 114443 23468 15344421 3492106 1880331 55 true true true Abel Construction Co Inc 3401 Bashford Avenue Ct Louisville KY 40218 Construction services 11831728 Koetter Construction & Development 7393 Pete Andres Road Floyd Knobs IN 47119 Construction services 1649429 AEG Management Louisville LLC 1 Arena Plaza Louisville KY 40202 Event Management 1263812 Air Charter Services LLC 2500 E Las Olas Blvd Ste 1409 Ft Lauderdale FL 33301 Travel services 1005560 Pro Sound Inc 1375 NE 123rd St Miami FL 33161 Broadcast services 864275 42 139222 36524933 766227 36664155 Total Sports Revenue 711210 47453066 47087151 365915 Student Athletic Fees and Related 713940 1979718 1979718 0 0 0 0 49432784 393734 393734 17590309 17590309 0 0 2763744 2708467 55277 0 55277 55277 Administrative Support Services 561990 1083893 1083893 Marketing and Development Revenue 711320 629834 629834 Other Operating Revenues 900099 82892 82892 0 0 0 0 1796619 105932878 50863488 365915 18039320 1134092 1134092 13410009 13410009 3484939 3484939 31772249 30427326 947388 397535 4541443 4149889 293471 98083 1588341 1430324 128433 29584 57406 41564 15842 15800 11200 4600 5036469 4561504 365915 109050 390209 327791 8698 53720 325901 263430 18921 43550 1600468 1409962 33734 156772 3337022 3314422 12000 10600 9609452 9146007 48334 415111 5714 5714 2557015 2557015 4985910 4985910 1400495 1364463 36032 Athletic event fees and expenses 3372686 3214706 5771 152209 Repairs and maintenance 2299925 2187781 3941 108203 Small equipment purchases and rentals 2011035 1935294 2879 72862 Other licenses and fees 1237970 1237445 525 3702645 3061007 385996 255642 97877195 90165655 5804019 1907521 52400 52500 43262839 45237790 5209669 6478627 21798999 21714672 0 0 0 199007615 45993813 154146928 153013802 34641852 30917361 0 0 7162211 6263373 266274898 263678125 15408551 14700368 38612485 39674991 53360000 46810000 0 16129320 14192625 10488541 10488541 133998897 125866525 X 132276001 137811600 132276001 137811600 266274898 263678125 8055683 -2520084 0 X false true X true false X X X 1 UNIVERSITY OF LOUISVILLE 611014882 6 true 0 0 1 0 0 true true false false false false false false false false false false false false false true false Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) The University of Louisville Athletics Association supports the University of Louisville, a State university exempt under IRC Sec 115 and is therefore not required to obtain recognition of its public charity status. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29247622 1392416 -1409266 310986 2153104 341163 26425519 28506150 226407 1583825 136252 607075 325433 29247622 32181351 980365 2279829 0 6567305 368090 28506150 32931199 44694 694095 0 1139100 349537 32181351 27798345 148400 4300310 112368 -1025082 228570 32931199 0.9633 0.0367 0.0 true false 5150911 5150911 185494012 43382662 142111350 1299301 724437 574864 2776587 1496129 1280458 4286804 390585 3896219 153013802 Due to University of Louisville Foundation, Inc. 315539 Note Payable to University of Louisville Foundation, Inc. 1000000 Due to University of Louisville 9173002 10488541 104045377 -2520084 0 -2520084 106565461 -632583 -632583 105932878 98510377 633182 633182 97877195 0 0 97877195 Schedule D, Part V, Line 4 Intended uses of endowment funds The University of Louisville Athletic Association's main endowment investment is the Hickman Camp program, which is unrestricted and undesignated. This program represents approximately 72% of the organization's total endowment investment. In recent years the funds have been used for scholarships. The balance of the endowment investments are intended for athletic scholarships, administrative compensation, and stadium maintenance. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Operating revenues netted with expenses on audited fin. stmts. - 1832224 Net investment loss included with expenses on audited fin. stmts. - -2464807 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 OPERATING REVENUES NETTED WITH EXPENSES ON AUDITED FIN. STMTS. - -1832224 NET INVESTMENT LOSS INCLUDED WITH EXPENSES ON AUDITED FIN. STMTS. - 2464807 OTHER MISCELLANEOUS - 599 Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT ATHLETE RECRUITING AND TEAM TRAVEL 102798 0 0 0 0 0 0 102798 0 102798 false false false false false false true University of Louisville Foundation 215 Central Avenue Louisville KY 40208 237078461 501(c)(3) 1134092 Support 1 0 SCHOLARSHIPS 741 13410009 Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds Students are selected and continue to receive assistance based on their ability to contribute to the athletic program of the University of Louisville. All financial aid both athletic and non-athletic is under the control of the university Office of Financial Aid. The Office of Athletic Compliance employs a full-time Compliance Coordinator who works as a liaison with the University Financial Aid Office to monitor all athletic and non-athletic financial aid provided to our student-athletes. This includes monitoring all individual and team NCAA limits, renewals, non-renewal and cancellation of athletic scholarships, the awarding of summer financial aid, and oversees the disbursement of the Student-Assistance fund for eligible student-athletes. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Students are selected and continue to receive assistance based on their ability to contribute to the athletic program of the University of Louisville. All financial aid both athletic and non-athletic is under the control of the university Office of Financial Aid. The Office of Athletic Compliance employs a full-time Compliance Coordinator who works as a liaison with the University Financial Aid Office to monitor all athletic and non-athletic financial aid provided to our student-athletes. This includes monitoring all individual and team NCAA limits, renewals, non-renewal and cancellation of athletic scholarships, the awarding of summer financial aid, and oversees the disbursement of the Student-Assistance fund for eligible student-athletes. X X X X X true true X X X X X false true false false false false false false false Pamela Feldhoff PhD Former Vice Chair 0 112157 0 0 0 2286 0 10647 0 12821 0 137911 0 0 Dr James R Ramsey President and Chair 0 338364 0 0 0 2286 0 19750 0 18507 0 378907 0 0 Prof Enid Trucios-Haynes Vice Chair 0 161549 0 0 0 414 0 14589 0 17501 0 194053 0 0 Prof Carmine Esposito Director 0 120500 0 0 0 21588 0 12518 0 15196 0 169802 0 0 A Keith Inman Director 0 306067 0 3827 0 12774 0 26000 0 20669 0 369337 0 0 Jessica R Stumbo MD Director 0 142671 0 0 0 162 0 15036 0 18202 0 176071 0 0 Shirley C Willihnganz PhD Director 0 329031 0 0 0 13245 0 38250 0 17584 0 398110 0 0 Michael J Curtin (Former) Former Asst. Treasurer 0 0 0 0 0 210292 0 0 0 0 0 210292 0 0 Angela D Koshewa JD Former legal counsel 0 97867 0 0 0 347339 0 9894 0 5452 0 460552 0 0 Thomas M Jurich Athletic Director 750621 0 546500 0 1897945 0 251313 0 19329 0 3465708 0 833333 0 Susan I Howarth Assistant Treasurer 0 201978 0 40000 0 12414 0 20399 0 12535 0 287325 0 0 Dana B Mayton JD Legal Counsel 0 220187 0 0 0 1014 0 22635 0 16680 0 260516 0 0 Kathleen M Smith Assistant Secretary 0 133420 0 0 0 14286 0 18191 0 13526 0 179423 0 0 Ronald Kevin Miller Executive Senior Associate Athletic Director 230768 0 0 0 7188 0 23739 0 17137 0 278833 0 0 0 Richard Pitino Men's Basketball Coach 3892184 0 335000 0 985322 0 429305 0 18328 0 5660139 0 600000 0 Robert P Petrino Men's Football Coach 2928212 0 757667 0 8614 0 26000 0 16543 0 3737036 0 0 0 Jeff Walz Women's Basketball Coach 1040683 0 85000 0 11088 0 435615 0 19829 0 1592215 0 0 0 Jeffrey Todd Grantham Asst. Men's Football Coach 940169 0 81250 0 9748 0 26000 0 16206 0 1073373 0 0 0 Denny Crum Assistant to the President 331684 0 0 0 504778 0 33800 0 16718 0 886981 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel Both the men's football and men's basketball teams travel to away competitions on charter planes. Charter service is submitted for competitive bids for both teams to obtain the price/service. This process is per industry standard for the majority of Division 1 schools. Per the organization's policies, first class airfare cannot be expensed back to the organization. Schedule J, Part I, Line 1a Travel for companions The organization obtains approval from the President's Office for all travel of athletic staff family members to special events such as post-season competitions, holiday tournaments, and other events where spouses are expected to attend for bona fide business purposes. Expenses are covered from unrestricted monies and not part of the Athletic Association's operating budget. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Thomas Jurich - $767,451 tax gross ups on additional insurance premiums, deferred compensation benefits, and extraordinary performance bonus per contract. Richard Pitino - $7,167 tax gross up on additional insurance benefit per employment contract. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The organization is authorized to provide country club memberships for the athletic director and some coaches as part of their respective employment contracts. These benefits are taxed accordingly based on personal vs. business usage. Monthly dues are paid directly by the organization and employees are reimbursed for any business related expenses under the organization's accountable plan on a monthly basis. Schedule J, Part I, Line 1a Personal services Financial planning services are allowed for the Director of Athletics and are capped at a set amount per calendar year. The expenses are paid by the organization and the employee is taxed on the amount of the services provided each year. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Jeffrey Walz - $409,615 deferred retention bonuses on Section 457(f) nonqualified deferred compensation arrangements per employment contract. No amounts paid during 2014. Richard Pitino - $403,305 reportable deferred retention bonuses on Section 457(f) nonqualified deferred compensation arrangements per employment contract. $600,000 reported in prior years and paid in 2014. Thomas Jurich - $225,313 reportable deferred retention bonuses on Section 457(f) nonqualified deferred compensation arrangements per employment contract. $500,000 in nonqualified deferred compensation paid during the year. Also, a performance bonus of $333,334 was paid during 2014 and reported as deferred in the prior year. A LouisvilleJefferson County Metro Government 320049006 54675PBN4 2008-08-05 84120788 Retire 1997 Bonds and finance football stadium expansion false false false A 36470000 0 88368153 5676721 3304550 0 984671 26343 0 69529380 11863455 0 2010 true false true true A false false true true false 0.135 0.0 0.135 false false true A false false false true false false true See Part VI true false true A true Schedule K, Part II, Line 3 Total Proceeds of Issue Total proceeds of $88,368,153 less interest earnings of $4,247,365 reconciles to the issue price of $84,120,788. Schedule K, Part III, Line 6 Private Business Use Pertains to various naming rights contracts. The average annual yearly private business use percent over the measurement period is 9.23 percent. Schedule K, Part II, Line 4 Gross Proceeds in Reserve Funds Amount includes $3,016,968 of transferred proceeds. Schedule K, Part IV, Line 5b Provider and Term Part IV Lines 5b and 5c - GIC #1 Provider = Natixis Term = 17 Years; GIC #2 = West LB Term = 10 Years Schedule K, Part IV, Line 2c Rebate computation Rebate computation performed as of June 30, 2013, resulting in negative liability totaling $1,123,153. X 1 766227 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded: SINGLE CONTRIBUTION OF MULTIPLE SHARES OF STOCK Form 990, Part VI, Line 18 TAX RETURN DISCLOSURE COPIES OF THE ORGANIZATION'S MOST RECENT FORMS 990 AND 990-T ARE AVAILABLE UPON REQUEST. Form 990, Part VI, Line 15b OTHER EMPLOYEE COMPENSATION DETERMINATION PROCESS THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS AND OTHER KEY EMPLOYEES INVOLVED ALL OF THE FOLLOWING ELEMENTS: - DATA GATHERING AND ANALYSIS OF COMPENSATION AT COMPARABLY SIZED ORGANIZATIONS ALONG WITH BENCHMARKING AGAINST OTHER QUALIFIED OFFICIALS IN SIMILARLY SITUATED POSITIONS; - REVIEW AND APPROVAL BY THE ORGANIZATION'S ATHLETIC DIRECTOR AND EXECUTIVE SENIOR ASSOCIATE ATHLETIC DIRECTOR; AND - CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION DETERMINATION PROCESS. Form 990, Part VI, Line 11b Review of form 990 by governing body University of Louisville finance personnel and an outside firm prepared the return and a copy of the return was provided to all board members for review prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy If an item is presented to the Board of Directors (or any other policy board) for action, e.g., purchase of property, merging with another entity, buying services, etc., the Board member will disclose his or her possible conflict of interest and must recuse himself or herself from voting. The Board member also avoids participating in any decision or advocating for any decision of the Board. In some circumstances, e.g., when the conflict of the Board member places the Board member in competition with the University, the Board member will leave the board meeting during discussion or update on the action. Before any meeting of the various boards, an agenda is circulated to each member or director with descriptions of the action items. This allows sufficient time for any board member or director to alert the board about a potential conflict of interest. Past practice includes written disclosure by the board member outlining: (1) that a conflict of interest may exist; (2) the nature and extent of the conflict; and (3) the description and potential benefit, direct or indirect, to the member of the board. This information will be supplied to legal counsel and the entire board ahead of the meeting, and a copy of the information will be maintained in the board member's file. Form 990, Part VI, Line 15a Process to establish compensation of top management official The process for determining compensation of the organization's Athletic Director involved all of the following elements: - Data gathering and analysis of compensation at comparably sized organizations along with benchmarking against other qualified officials in similarly situated positions; - Review and approval by an independent Personnel Committee; - Review and approval by the independent Board of Directors of the organization pursuant to feedback from the Personnel Committee; and - Contemporaneous documentation of the compensation determination process by the Personnel Committee and the Board of Directors in each body's respective minutes. Form 990, Part VI, Line 19 Required documents available to the public Copies of the organization's financial statements, articles of incorporation, and conflict of interest policy are available at www.louisville.edu or upon request. UNIVERSITY OF LOUISVILLE UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611014882 EDUCATION KY NA false UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611029626 RESEARCH KY 501(c)(3 5 UNIVERSITY OF LOUISVILLE false UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL FUND INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 610888729 EDUCATION KY 501(c)(3 Type I UNIVERSITY OF LOUISVILLE false UNIVERSITY PHYSICIANS GROUP INC 323 EAST CHESTNUT STREET LOUISVILLE KY 402021823 611346817 MEDICAL CARE KY 501(c)(3 3 UNIVERSITY OF LOUISVILLE false UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL PRACTICE ASSOC 555 SOUTH JACKSON STREET LOUISVILLE KY 40202 611250153 MEDICAL CARE KY 501(c)(3 7 UNIVERSITY OF LOUISVILLE false false false true false false false false false false false true false true true true true true false false