2015-05-15T12:01:22-05:00 2014-06-30 CROWE HORWATH LLP 9600 BROWNSBORO ROAD SUITE 400 LOUISVILLE KY 402411122 990 2013-07-01 311106941 UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION UNIV 5028527072 Controllers Office Service Complex Louisville KY 40292 JAMES RAMSEY CHAIRMAN 2015-05-15 true Rachel Spurlock P00520729 5023263996 2013 2016-04-25 22:37:26Z JAMES RAMSEY 2301 South Third Street Louisville KY 40292 102450530 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. 27 12 532 495 319168 0 37227142 46665314 43847302 45288756 2604034 -66585 5557974 8925613 89236452 100813098 12835109 13349268 0 0 36161022 36638840 0 0 2382689 37558942 38941841 86555073 88929949 2681379 11883149 259520598 266274898 140672679 133998897 118847919 132276001 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 81738208 13349268 43009242 THE UNIVERSITY OF LOUISVILLE ATHLETICS ASSOCIATION ACHIEVED MANY ACCOLADES DURING THE 2013-14 SEASON. STUDENT ATHLETES ACHIEVED AN IMPRESSIVE ACADEMIC PERFORMANCE FOR THE 2013 FALL SEMESTER. FOR THE SECOND YEAR IN A ROW THE STUDENT ATHLETES POSTED A CUMULATIVE GPA OF 312 FOR ALL 23 SPORTS. IN ADDITION, SEVEN TEAMS POSTED A PERFECT 1000 SCORE; WHICH IS LISTED ON THE ACADEMIC PROGRESS RATE INSTITUTIONAL REPORT RELEASED BY THE NCAA. THE ORGANIZATION'S FOOTBALL TEAM WON THE RUSSELL ATHLETIC BOWL IN ADDITION TO POSTING A 12-1 REGULAR SEASON RECORD. IN ADDITION, THERE WERE 6 AAC CHAMPIONSHIPS RECORDED FROM MEN'S BASKETBALL, WOMEN'S GOLF, WOMEN'S ROWING, WOMEN'S SOFTBALL, WOMEN'S VOLLEYBALL, AND MEN'S SOCCER. FOUR COACHES WERE NAMED COACH OF THE YEAR; THREE IN THE AAC CONFERENCE AND ONE IN THE BIG EAST CONFERENCE. THE SCHOOL HAD AN IMPRESSIVE 14 TEAMS THAT REACHED OR HAD PARTICIPANTS REACH NCAA POSTSEASON EVENTS. ALSO, THE MEN'S BASEBALL TEAM OBTAINED ANOTHER 50 WIN SEASON. THIS WAS THEIR THIRD OCCURRENCE IN FIVE YEARS. THE TEAM WON THE AAC TITLE OUTRIGHT AND ANOTHER TRIP TO THE COLLEGE WORLD SERIES. THIS WAS THE TEAM'S SECOND STRAIGHT COLLEGE WORLD SERIES APPEARANCE AND THE THIRD APPEARANCE IN 8 YEARS. BOTH THE MEN'S BASKETBALL AND WOMEN'S FIELD HOCKEY TEAMS HAD IMPRESSIVE REGULAR SEASONS WHICH HONORED THEM WITH SHARED AAC REGULAR SEASON TITLES. 81738208 true true false false false false false false true true false false false true false true true false false true false false false false false false false true true true false false false false false false false false false false true false false false false true false false false false true 454 0 true 532 true true true false false false false false false false false false false X 27 12 false false false false false false false true true false false true true true true true true true false false KY X Larry Zink 5028527072 Service Complex-Univ of Louisville Louisville KY 40292 BRUCE HENDERSON Secretary 0.50 0.50 X X 0 0 0 DR JAMES R RAMSEY President and Chair 0.50 45.50 X X 0 328352 43399 DR PAMELA FELDHOFF Vice Chair 0.50 49.50 X X 0 109291 22758 RON BUTT Treasurer 0.50 0.50 X X 0 0 0 A KEITH INMAN Director 0.50 49.50 X 0 324715 45204 ANGELIKA UREMOVICH Director (To 4/30/2014) 0.50 0 X 0 0 0 CARRIE MATTINGLY Director (To 4/30/2014) 0.50 49.50 X 0 4320 0 CHIP BLANKENSHIP Director 0.50 0 X 0 0 0 CYNTHIA MCCLELLEN Director 0.50 0 X 0 0 0 D HARRY JONES Director 0.50 0 X 0 0 0 DR CAROLYN M CALLAHAN Director 0.50 49.50 X 0 135939 15606 DR CHRISTOPHER PETERS Director 0.50 49.50 X 0 151820 33186 DR KENNETH SCHIKLER Director 0.50 49.50 X 0 190059 35699 DR MARY HUMS Director 0.50 49.50 X 0 100945 22082 DR ROBERT STAAT Director 0.50 49.00 X 0 116059 29508 DR SHIRLEY WILLIHNGANZ Director 0.50 39.00 X 0 332886 54071 ED GLASSCOCK Director 0.50 0 X 0 0 0 JIM KING Director 0.50 0 X 0 0 0 MONALI HALDANKAR Director (From 5/1/2014) 0.50 0.50 X 0 0 0 PROF BRENDA HART Director 0.50 49.50 X 0 117709 22711 PROF BRUCE KEMELGOR Director 0.50 49.50 X 0 105186 26624 PROF CARMINE ESPOSITO Director 0.50 49.50 X 0 140265 26987 PROF ELAINE O WISE Director 0.50 49.50 X 0 91941 23038 PROF KAREN TURNER Director 0.50 49.50 X 0 65539 10876 REBECCA MADDOCK Director (from 5/1/2014) 0.50 0 X 0 0 0 ROBERT P BENSON JR Director 0.50 0.50 X 0 0 0 SAM RECHTER Diector 0.50 0 X 0 0 0 ULYSSES L BRIDGEMAN JR Director 0.50 1.00 X 0 0 0 WILLIAM W ARMSTRONG Director 0.50 49.50 X 0 49653 22641 ANGELA D KOSHEWA Legal Counsel (to 5/31/2014) 0.50 49.50 X 0 168901 29530 KATHLEEN M SMITH Assistant Secretary 0.50 28.50 X 0 110180 19924 MICHAEL J CURTIN Assistant Treasurer (to 8/31/2013) 0.50 38.50 X 0 221935 30645 SUSAN I HOWARTH Assistant Treasurer (From 9/1/2013) 0.50 49.50 X 0 156179 27548 THOMAS M JURICH Athletic Director 40.00 0 X 2220782 0 1103621 RONALD KEVIN MILLER Executive Senior Associate Athletic Director 50.00 0 X 217920 0 38478 CHARLES STRONG Men's Football Coach (to 1/24/2014) 50.00 0 X 4325897 0 663493 DANIEL MCDONNELL Men's Baseball Coach 50.00 0 X 589427 0 86422 DENNY CRUM Assistant to the President 50.00 0 X 823004 0 50153 JEFF WALZ Women's Basketball Coach 50.00 0 X 978175 0 344703 RICHARD PITINO Men's Basketball Coach 50.00 0 X 7443316 0 789507 JULIE HERMANN Former Exec. Sr. Assoc. Athletic Director 50.00 0 X 138190 0 18983 16736711 3021874 3637397 50 true true false ABEL CONSTRUCTION COMPANY INC 3401 BASHFORD AVENUE COURT LOUISVILLE KY 40218 CONSTRUCTION SERVICES 7417438 FIELDTURF USA INC 175 N INDUSTRIAL BLVD NE CALHOUN GA 30701 TURF INSTALLATION 1445515 AEG MANAGEMENT LOUISVILLE LLC 1 ARENA PLZ LOUISVILLE KY 40202 EVENT MANAGEMENT 1103175 KOETTER CONSTRUCTION & DEVELOPMENT 7393 PETE ANDRES RD FLOYDS KNOBS IN 47119 CONSTRUCTION SERVICES 1032314 MARRIOTT HOTEL SERVICES INC 2000 CENTURY BOULEVARD NE ATLANTA GA 30345 HOTEL AND EVENT SERVICES 917466 47 1481144 45184170 945293 46665314 TOTAL SPORTS REVENUE 711210 43328410 43009242 319168 STUDENT ATHLETIC FEES AND RELATED 713940 1960346 1960346 0 0 0 0 0 0 0 45288756 449541 449541 0 7757094 7757094 0 0 0 1121306 0 1089193 548239 32113 -548239 -516126 -516126 0 0 0 ADMINISTRATIVE SUPPORT SERVICES 561990 349640 349640 MARKETING AND DEVELOPMENT REVENUE 711320 730216 730216 OTHER OPERATING REVENUES 900099 88663 88663 0 0 0 0 1168519 100813098 46138107 319168 7690509 0 13349268 13349268 0 0 2974724 2974724 0 27935060 26752927 737650 444483 0 4231164 3852536 262853 115775 1497892 1341088 113066 43738 0 150612 10315 140297 35744 33844 1900 0 0 0 6028527 5392996 314681 320850 425722 327328 10892 87502 273886 218713 16854 38319 1104043 977254 15950 110839 0 3031723 2986723 45000 8804777 8241330 31866 531581 0 13440 13351 89 2664458 2664458 0 4352584 4352584 1170641 1134879 35762 ATHLETIC EVENT FEES AND EXPENSES 3666955 3586491 6206 74258 REPAIRS AND MAINTENANCE 1398761 1241204 3945 153612 SMALL EQUIPMENT PURCHASES AND RENTALS 1807947 1705136 12450 90361 OTHER LICENSES AND FEES 421769 417932 207 3630 3590252 3171695 97805 320752 88929949 81738208 4809052 2382689 0 52400 52400 59303676 43262839 3662638 5209669 18240924 21798999 0 0 0 0 195167552 41020624 137598942 154146928 33196393 34641852 0 0 0 0 7465625 7162211 259520598 266274898 15907491 15408551 37938119 38612485 59670000 53360000 0 0 16468689 16129320 10688380 10488541 140672679 133998897 X 118847919 132276001 118847919 132276001 259520598 266274898 X 11883149 2198971 -654038 0 X false true X true false X X false false false UNIVERSITY OF LOUISVILLE 611014882 6 true 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28506150 226407 1583825 136252 607075 325433 29247622 32181351 980365 2279829 6567305 368090 28506150 32931199 44694 694095 0 1139100 349537 32181351 27798345 148400 4300310 112368 -1025082 228570 32931199 25616103 290640 1923126 25688 -304122 309958 27798345 0.96620 0.03380 0.00000 true false 5150911 5150911 165828210 38790868 127037342 1299301 666375 632926 1846947 1249907 597040 21042183 313474 20728709 154146928 0 DUE TO UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 315539 NOTE PAYABLE TO UNIVERSITY OF LOUISVILLE FOUNDATION, INC. 1000000 DUE TO UNIVERSITY OF LOUISVILLE 9173002 10488541 100550014 2198971 0 2198971 98351043 2462055 2462055 100813098 86467894 -2462055 -2462055 88929949 0 0 88929949 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 66% OF THE ORGANIZATION'S TOTAL ENDOWMENT INVESTMENT. IN RECENT YEARS THE FUNDS HAVE BEEN USED FOR CONSTRUCTION AND SCHOLARSHIPS. THE BALANCE OF THE ENDOWMENT INVESTMENTS ARE INTENDED FOR ATHLETIC SCHOLARSHIPS, ADMINISTRATIVE COMPENSATION, AND STADIUM MAINTENANCE. Schedule D, Part XI, Line 4b, Other revenues in form 990 not in audited financial statements LOSS ON EQUIPMENT DISPOSALS - -548239; OPERATING REVENUES NETTED WITH EXPENSES ON AUDITED FIN. STMTS. - 3010294; Schedule D, Part XII, Line 2d, Other expenses in audited financial statements not in form 990 OPERATING REVENUES NETTED WITH EXPENSES ON AUDITED FIN. STMTS. - -3010294; LOSS ON EQUIPMENT DISPOSAL - 548239; NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 PROGRAM SERVICES STUDENT ATHLETE RECRUITING 6715 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDENT ATHLETE RECRUITING 10787 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT ATHLETE RECRUITING 789 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT ATHLETE RECRUITING 5572 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT ATHLETE RECRUITING 1327 0 0 25190 false false false false false false Schedule F, Part I, Line 3, Method to account for expenditures on org.'s financial statements EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL NORTH AMERICA (CANADA & MEXICO ONLY): ACCRUAL SOUTH AMERICA: ACCRUAL Schedule F, Part I, Line 3, Method to account for expenditures on org.'s financial statements EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL NORTH AMERICA (CANADA & MEXICO ONLY): ACCRUAL SOUTH AMERICA: ACCRUAL true SCHOLARSHIPS 2201 13349268 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 DR JAMES R RAMSEY PRESIDENT AND CHAIR 0 325466 0 0 0 2886 0 25375 0 18024 0 371751 0 0 DR CAROLYN M CALLAHAN DIRECTOR 0 130297 0 0 0 5642 0 9943 0 5663 0 151545 0 0 PROF CARMINE ESPOSITO DIRECTOR 0 116877 0 0 0 23388 0 12156 0 14831 0 167252 0 0 A KEITH INMAN DIRECTOR 0 293084 0 14763 0 16868 0 25500 0 19704 0 369919 0 0 DR CHRISTOPHER PETERS DIRECTOR 0 151550 0 0 0 270 0 15872 0 17314 0 185006 0 0 DR KENNETH SCHIKLER DIRECTOR 0 187773 0 0 0 2286 0 19393 0 16306 0 225758 0 0 DR SHIRLEY WILLIHNGANZ DIRECTOR 0 319698 0 0 0 13188 0 37206 0 16865 0 386957 0 0 THOMAS M JURICH ATHLETIC DIRECTOR 485917 0 712333 0 1022532 0 1084697 0 18924 0 3324403 0 0 0 MICHAEL J CURTIN ASSISTANT TREASURER (TO 8/31/2013) 0 213840 0 0 0 8095 0 21450 0 9195 0 252580 0 0 SUSAN I HOWARTH ASSISTANT TREASURER (FROM 9/1/2013) 0 151765 0 0 0 4414 0 15379 0 12169 0 183727 0 0 ANGELA D KOSHEWA LEGAL COUNSEL (TO 5/31/2014) 0 167713 0 0 0 1188 0 17009 0 12521 0 198431 0 0 JULIE HERMANN FORMER EXEC. SR. ASSOC. ATHLETIC DIRECTOR 100147 0 0 0 38043 0 10371 0 8612 0 157173 0 0 0 RONALD KEVIN MILLER EXECUTIVE SENIOR ASSOCIATE ATHLETIC DIRECTOR 210432 0 0 0 7488 0 21706 0 16772 0 256398 0 0 0 RICHARD PITINO MEN'S BASKETBALL COACH 3442302 0 540000 0 3461014 0 771662 0 17845 0 8232823 0 2700000 0 CHARLES STRONG MEN'S FOOTBALL COACH (TO 1/24/2014) 3692833 0 540000 0 93064 0 646179 0 17314 0 4989390 0 0 0 JEFF WALZ WOMEN'S BASKETBALL COACH 903723 0 65000 0 9452 0 324779 0 19924 0 1322878 0 0 0 DENNY CRUM ASSISTANT TO THE PRESIDENT 331684 0 0 0 491320 0 33800 0 16353 0 873157 0 0 0 DANIEL MCDONNELL MEN'S BASEBALL COACH 459275 0 115000 0 15152 0 69250 0 17172 0 675849 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 - $468,264 TAX GROSS UPS ON ADDITIONAL INSURANCE AND DEFERRED COMPENSATION BENEFITS PER EMPLOYMENT 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 DANIEL MCDONNELL - $43,750 DEFERRED RETENTION BONUSES ON SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENTS PER EMPLOYMENT CONTRACT. NO AMOUNTS PAID DURING 2013. JEFFREY WALZ - $299,252 DEFERRED RETENTION BONUSES ON SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENTS PER EMPLOYMENT CONTRACT. NO AMOUNTS PAID DURING 2013. CHARLES STRONG - $625,429 DEFERRED RETENTION BONUSES ON SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENTS PER EMPLOYMENT CONTRACT. NO AMOUNTS PAID DURING 2013. RICHARD PITINO - $746,162 REPORTABLE DEFERRED RETENTION BONUSES ON SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENTS PER EMPLOYMENT CONTRACT. $2.7 MILLION REPORTED AND PAID IN 2013, INCLUDING $419,382 EARNINGS ON AMOUNT. THOMAS JURICH - $392,531 REPORTABLE DEFERRED RETENTION BONUSES ON SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENTS PER EMPLOYMENT CONTRACT. $235,000 IN NONQUALIFIED DEFERRED COMPENSATION PAID DURING THE YEAR. ALSO, A PERFORMANCE BONUS OF $333,334 WAS PAID DURING 2013 AND $666,667 ADDITIONAL DEFERRED COMPENSATION. A LOUISVILLEJEFFERSON COUNTY METRO GOVERNMENT 320049006 54675PBN4 2008-08-05 84120788 RETIRE 1997 BONDS AND FINANCE FOOTBALL STADIUM EXPANSION false false false A 29920000 0 88188358 6345781 2455696 0 984671 26343 0 69529380 11863455 0 2010 true false true true A false false true true false 0.13500 0.00000 0.13500 false false true A false false false true false false 0.0 true SEE PART VI true false true A true SCHEDULE K, PART II, LINE 3, TOTAL PROCEEDS OF ISSUE TOTAL PROCEEDS OF $88,188,358 LESS INTEREST EARNINGS OF $4,067,570 RECONCILES TO THE ISSUE PRICE OF $84,120,788. SCHEDULE K, PART II, LINE 4, GROSS PROCEEDS IN RESERVE FUNDS AMOUNT INCLUDES $3,016,968 OF TRANSFERRED PROCEEDS. 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. Sch K, Part IV, Line 2c, ISSUER NAME: Louisville/Jefferson County Metro Government: No Rebate Due. THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON JUNE 30, 2013 RESULTING IN NEGATIVE LIABILITY TOTALING -$1,123,153. 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 X 1 945293 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. Schedule M, part I, column (b), Line 9, Number of contributions or items contributed. SINGLE CONTRIBUTION OF MULTIPLE SHARES OF STOCK. Form 990, Part VI, Sec B, 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, Sec B, 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, Sec B, 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 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 18, TAX RETURN DISCLOSURE COPIES OF THE ORGANIZATION'S MOST RECENT FORMS 990 AND 990-T ARE AVAILABLE UPON REQUEST. Form 990, Part VI, Sec C, 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. FORM 990, PART VII, SECTION A, REPORTABLE COMPENSATION AMOUNTS REPORTED ON PART VII AND ON SCHEDULE J INCLUDE ONLY COMPENSATION PAID BY THE FILING ENTITY AND ITS CONTROLLING PARENT, THE UNIVERSITY OF LOUISVILLE. THE REPORTED AMOUNTS DO NOT INCLUDE COMPENSATION PAID BY THE UNIVERSITY OF LOUISVILLE FOUNDATION, WHICH IS UNRELATED TO THE FILING ORGANIZATION FOR FORM 990 REPORTING PURPOSES. FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT NET CHANGE TO PRIOR PERIOD NET ASSETS RESULTING FROM ADOPTION OF GASB NO. 65 "ITEMS PREVIOUSLY REPORTED AS ASSETS AND LIABILITIES" DURING THE FISCAL YEAR. THESE CHANGES RESULTED FROM THE REQUIREMENT IN GASB 65 THAT DEBT ISSUANCE COSTS BE RECOGNIZED AS AN EXPENSE IN THE PERIOD INCURRED. UNIVERSITY OF LOUISVILLE UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611014882 EDUCATION KY N/A 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) 11 - 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