2024-05-15T09:13:50+00:00 2023-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2022-07-01 611029626 University of Louisville Research Foundation UNIV 5028526164 2215 S Brook Street Louisville KY 402082772 DANIEL A DURBIN VICE PRESIDENT 2024-05-15 true MICHELLE COMER 999009999 Rachel Spurlock P00520729 5023263996 2022 2023-04-26 12:10:37Z Kim E Schatzel PhD 2215 S Brook Street Louisville KY 402082772 633286330 false X N/A X 1984 KY The University of Louisville Research Foundation is organized for the purpose of promoting and supporting research projects, investigations, clinical services, and other activities relating to the missions of the University of Louisville. 13 10 0 12 0 0 260399561 219755075 405205756 404904586 29504 -53911 9721643 7320040 675356464 631925790 72082550 63752214 0 0 0 0 559559835 526169717 631642385 589921931 43714079 42003859 946253585 977253553 737973402 726970895 208280183 250282658 X The University of Louisville Research Foundation is organized for the purpose of promoting and supporting research projects, investigations, clinical services, and other activities relating to the missions of the University of Louisville. false false 347377748 57100 399133001 The University of Louisville Research Foundation houses financial activity related to services provided by the UofL Health Sciences Center and over 1,100 physician faculty within the University's School of Medicine. The faculty at the School of Medicine staff 250 clinics over a multi-state region and provided the following services during the fiscal year: - Added 125 new providers and 4 new locations to serve the local community and the Commonwealth; - Treatment provided in over 2 million separate patient visits; - Added more than 95,000 new patients to the UofL Health System; and - Opened a new hospital in Bullitt County, Kentucky (UofL Health - South Hospital). The University has an academic affiliation agreement with UL Health for the purpose of advancing the University's academic, education and research missions, providing quality patient care regardless of ability to pay and assurance that state-of-the-art facilities will be available for providing healthcare to patients. University employees, residents and students provide medical care utilizing UL Health run facilities, in return, UL Health receives revenues for the services provided. UL Health provides support to the University through ULRF by funding for salaries, benefits and insurance coverage, annual academic support and annual departmental/administrative support pursuant to the terms of the master support and services agreement. Additionally, ULRF works with other area hospitals by providing support services, such as residents and other staff. 158339531 0 5674976 The University of Louisville Research Foundation (ULRF) secured more than $175 million to support groundbreaking research in the 2022-2023 fiscal year. The organization received 882 awards for $175.9 million, which included $98 million from the federal government, $38.3 million federal flowthrough, $14 million from industry, $7.7 million from non-profit organizations, and $15.4 million from the Commonwealth of Kentucky. The funding supported both basic and applied research and work to advance understanding and education in health, engineering and more. This includes several new grant announcements, including $13 million from the U.S. Department of Commerce (DOC) to launch a new statewide manufacturing resource center. The center, known as the Kentucky Manufacturing Extension Partnership (KY-MEP), leverages university expertise and capacity to provide research, business development, access to talent, etc., to help manufacturers boost productivity, retain and create jobs and compete in new markets here and abroad. The past fiscal year also saw $10 million in fresh state investment in the Research Challenge Trust Fund, also known as Bucks-for-Brains. The program supports research at Kentucky universities by matching state dollars with private donations, effectively doubling the total funding, and will back the creation of additional endowed faculty positions aimed at cutting-edge research. Not only does ULRF excel at groundbreaking research, but at the translation of that research into marketable technologies with real-world impact. ULRF supports the University of Louisville, the only university in the country to be awarded a prestigious suite of commercialization grants, dubbed the 'superfecta': the Coulter Translational Partnership, NSF I Corps, the NIH Reach Hub and NSF AWARE:ACCESS. These programs help get our innovative technologies to market, improving the way we work and live. In the past fiscal year, ULRF became a partner in the NSF Mid-South Innovation Corps (I-Corps) Hub, one of only 10 across the U.S. and part of the operational backbone of the NSF's National Innovation Network, which helps translate academic research for the marketplace. The Hubs are charged with providing experiential entrepreneurship training to researchers across all fields of science and engineering while working to build diverse and inclusive regional innovation ecosystems. UofL also expanded its NIH REACH impact with a bid, along with partners, to launch a Mid-South Research Evaluation and Commercialization Hub (REACH) officially awarded in early FY2024. The REACH Hub, backed by a four-year, $12 million grant from the National Institutes of Health, spans a four-state network of Kentucky, Mississippi, Tennessee and Virginia. Other awards during the fiscal year include: - University of Louisville Robotics and Additive Manufacturing Pathways to SUCCESS (RAMPS) Program - ED - Health Equity Innovation Engine - KY Cabinet for Health and Family Svs/DHHS - Functional Microbiomics, Inflammation and Pathogenicity - NIH - Supporting Transition of Afghans into Resettlement (STAR) - ACF - CyberCorps Scholarship for Service: Cybersecurity Talent Development in Kentucky - NSF - University of Louisville Kentucky Manufacturing Extension Partnership (KMEP) - NIST - m6A epitranscriptome drivers of endocrine-resistant breast cancer - ARMY - Microbial Dysbiosis and Bacterial Amyloids in Alzheimer's Disease - DOD - Meningococcal Carriage and Transmission Dynamics In College Students in Louisville Kentucky - When the Host is the Ecosystem: Linking Presence of a Keystone Fungal Symbiont to Mycobiome Structure and Function in a Changing World - NSF 63695114 63695114 The University of Louisville Research Foundation provides funding for student scholarships at the University of Louisville. During the fiscal year, the organization provided $63.7 million in funds to 12,850 students attending the University. 10043112 6154662 The University of Louisville Research Foundation provides multiple opportunities for conferences, training, and continuing education activities for medical and other professionals established in their fields. 10043112 6154662 579455505 true true false true false false false false false true false false true true false true true false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true X 368 0 true 0 true true false false false false false false false false false false false X 13 10 false false false false false false false true true false false true true true true true true false false false KY X Michelle Comer 5028526164 Controllers Office Univ of Louisv Louisville KY 40292 Diane B Medley Treasurer 0.5 0 X X 0 0 0 Diane Porter Vice Chair 0.5 0 X X 0 0 0 James M Rogers Chair 0.5 0.5 X X 0 0 0 Alfonso Cornish Director 0.5 0 X 0 0 0 Brian F Lavin Director from 1/17/23 0.5 0 X 0 0 0 David Schultz Director to 9/6/22 0.5 49.5 X 0 169469 36987 Dorain Brown Director 0.5 10.5 X 0 1900 0 Dr Raymond Burse Director 0.5 0 X 0 0 0 Eugene G Mueller Director from 9/7/22 0.5 49.5 X 0 134441 28102 Jerry Abramson Director 0.5 0 X 0 0 0 John D Smith Director 0.5 49.5 X 0 72874 23063 Laurence Benz Director 0.5 0.5 X 0 0 0 Mary R Nixon Director 0.5 0 X 0 0 0 Scott W Brinkman Director to 1/16/23 0.5 0 X 0 0 0 Sherrill Zimmerman Director 0.5 0.5 X 0 0 0 Daniel A Durbin Vice President 0.5 49.5 X 0 433919 52259 Dr Kim Schatzel President from 2/1/23 0.5 49.5 X 0 0 0 Dr Thomas Gerard Bradley Vice President 0.5 49.5 X 0 583531 52303 Kevin H Gardner PhD Vice President 0.5 49.5 X 0 313512 45136 Kyle J Beamer Assistant Secretary 0.5 49.5 X 0 84348 22736 Lori Gonzalez PhD President to 1/31/23 0.5 49.5 X 0 834244 48556 Dr Beth Boehm Former Vice President 50.0 X 0 272523 43219 Dr Neeli Bendapudi Former President 50.0 X 0 318001 20898 Prof Enid Trucios-Haynes Former Treasurer 50.0 X 0 169882 41454 0 3388644 414713 0 true true false UNIVERSITY OF LOUISVILLE PHYSICIANS 300 EAST MARKET STREET LOUISVILLE KY 40202 MEDICAL/HEALTHCARE 7094898 UNIVERSITY MEDICAL CENTER 530 S JACKSON ST LOUISVILLE KY 40202 MEDICAL SERVICES 2869274 CARDINAL HEALTH INC 2512 WESTCOTT BLVD KNOXVILLE TN 37931 MEDICAL SERVICES 2690119 THE CHARTIS GROUP 220 W KINZIE ST CHICAGO IL 60654 CONSULTING 2163716 MEDTRONIC INC 710 MEDTRONIC PKY MINNEAPOLIS MN 55432 MEDICAL SERVICES 1350000 87 202981358 16773717 0 219755075 Clinical Services 541700 399133001 399133001 Other Research Projects and Services 541700 5674976 5674976 Conferences and training 541700 96609 96609 0 0 0 0 404904586 21079 21079 1019401 1019401 242586 242586 0 242586 242586 74990 0 -74990 -74990 -74990 926663 1285550 -358887 -358887 Lease Accounting 900099 6416940 6416940 0 0 0 0 6416940 631925790 410962639 0 1208076 X 57100 57100 63695114 63695114 956530 723209 233321 26330 26330 183560 183560 431978970 424542077 7436893 0 1063491 1029525 33966 1108237 1050360 57877 7562996 7031657 531339 443464 443464 2091493 722160 1369333 4335730 4270245 65485 4821664 4678984 142680 95572 95572 8450833 8450833 1008023 880297 127726 F&A services and other transfers 36386232 36386232 Laboratory Supplies and Expenses 16991147 16809542 181605 Small Equipment Purchases and Rentals 422991 411524 11467 Licenses, Permits, and Fees 1551534 1518852 32682 6690920 6448868 242052 0 589921931 579455505 10466426 0 9899 2903 70435526 99024841 0 0 0 0 164216557 172859917 464752 513893 187107723 129005320 51474940 58102403 0 0 659651911 646749596 946253585 977253553 29816743 37974617 3039532 3727098 0 0 705117127 685269180 737973402 726970895 208280183 250282658 208280183 250282658 946253585 977253553 42003859 -1384 0 X false true X true true true X 181336238 192756221 218833551 260399561 219755075 1073080646 0 0 181336238 192756221 218833551 260399561 219755075 1073080646 0 1073080646 647504 511373 831817 937809 1208076 4136579 0 0 0 0 0 0 0 0 0 0 0 0 1077217225 1802209057 0.9962 0.9943 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 183560 false false 183560 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University of Louisville contracted with Akin Gump Strauss Hauer & Feld LLP, Hogan Lovells LLP, and McBrayer PLLC during the year to lobby on behalf of the Research Foundation's research activities. 351695 351695 71118285 35456441 35661844 818024 754806 63218 106640714 92455246 14185468 8179005 338827 7840178 58102403 Deposits and advances Due from University of Louisville 1582803 Right to Use Assets 3049506 Longterm Lease Receivable 642117287 646749596 Allocated Post Employment Benefits 30811054 Other Long Term Liabilities 7734 Due to University of Louisville 16640598 Longterm Lease Payable 637809794 685269180 632359666 0 0 632359666 -433876 -433876 631925790 590355807 433876 433876 589921931 0 0 589921931 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RECLASS LOSS ON SALE OF INVENTORY - -358886 RECLASS LOSS ON ASSET DISPOSAL - -74990 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RECLASS LOSS ON ASSET DISPOSAL - 74990 RECLASS LOSS ON SALE OF INVENTORY - 358886 true CLINICAL RESEARCH FOUNDATION 800 ZORN AVE LOUISVILLE KY 40206 611144514 501(C)(3) 50000 RESEARCH SUPPORT 1 0 SCHOLARSHIPS, FELLOWSHIPS FINANCIAL AID, AWARDS 12850 63695114 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The recipients of scholarships, fellowships, aid, and awards are selected based on University of Louisville departmental criteria. The organization serves primarily as a funding source for any scholarships awarded by the University. false false false false false false false false Prof Enid Trucios-Haynes Former Treasurer 0 168694 0 0 0 1188 0 16689 0 24765 0 211336 0 0 David Schultz Director to 9/6/22 0 169074 0 0 0 395 0 15155 0 21832 0 206456 0 0 Eugene G Mueller Director from 9/7/22 0 133667 0 0 0 774 0 12809 0 15293 0 162543 0 0 Dr Neeli Bendapudi Former President 0 311614 0 0 0 6387 0 16023 0 4875 0 338899 0 0 Dr Beth Boehm Former Vice President 0 270237 0 0 0 2286 0 27326 0 15893 0 315742 0 0 Daniel A Durbin Vice President 0 432731 0 0 0 1188 0 30500 0 21759 0 486178 0 0 Dr Thomas Gerard Bradley Vice President 0 582757 0 0 0 774 0 29000 0 23303 0 635834 0 0 Kevin H Gardner PhD Vice President 0 312738 0 0 0 774 0 30500 0 14636 0 358648 0 0 Lori Gonzalez PhD President to 1/31/23 0 831958 0 0 0 2286 0 30500 0 18056 0 882800 0 0 Form 990, Part III, Line 4d Description of other program services (Expenses $ 10,043,112 including grants of $)(Revenue $ 6,154,662) The University of Louisville Research Foundation provides multiple opportunities for conferences, training, and continuing education activities for medical and other professionals established in their fields. Form 990, Part V, Line 1a FORM 1096 THE ORGANIZATION'S FORMS 1099 ARE FILED BY ITS COMMON PAY AGENT, THE UNIVERSITY OF LOUISVILLE. Form 990, Part V, Line 2a FORMS W-2 THE ORGANIZATION HAS NO EMPLOYEES. Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION HAS NO EMPLOYEES, THUS LINES 15(A) AND 15(B) OF PART VI HAVE BEEN MARKED "NO." Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee consists of the Chairman, Vice Chairman, Secretary, and Treasurer of the Board of Directors. The Committee acts for the Board of Directors in the interim between meetings of the Board, and with respect to the acceptance, administration and accounting for grants and contracts it is not required that actions of the Executive Committee be ratified by the Board. Except as stated above, the delegation of power and authority when given by the Board of Directors to the Executive Committee shall be complete, subject only to the limitations imposed by the Kentucky Revised Statues. Powers of the Committee shall not extend to amending, altering or repealing the bylaws; electing, appointing or removing any member of any such committee or any director or officer of the corporation; amending the articles of incorporation, restating articles of incorporation adopting a plan or merger or adopting a plan of consolidation with another corporation; authorizing the sale, lease, exchange or mortgage of all or substantially all of the property and assets of the corporation; authorizing the voluntary dissolution of the corporation or revoking proceedings therefor; adopting a plan for the distribution of the assets of the corporation; or amending, altering or repealing any resolution of the board of directors which by its terms provides that it shall not be amended, altered or repealed by such committee. 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. 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 Conflicts of interest are required to be completed on an annual basis by all officers and board members. 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 19 Required documents available to the public As a matter of practice, the organization adheres to the conflict of interest policy, non-retaliation policy, and document integrity policy of the University of Louisville. Copies of these policies are available at louisville.edu or upon request. Copies of the organization's audited financial statements are also available at louisville.edu. Form 990, Part IX, Line 11g Other Fees University of Louisville Salary and Benefit Allocations - Total Expense: XXX-XX-XXXX, Program Service Expense: XXX-XX-XXXX, Management and General Expenses: 7130359, Fundraising Expenses: 0; Research Subcontracting - Total Expense: 13156695, Program Service Expense: 13156695, Management and General Expenses: 0, Fundraising Expenses: 0; Medical Subcontracting - Total Expense: XXX-XX-XXXX, Program Service Expense: XXX-XX-XXXX, Management and General Expenses: 0, Fundraising Expenses: 0; Other consulting and services - Total Expense: 7796457, Program Service Expense: 7489923, Management and General Expenses: 306534, Fundraising Expenses: 0; UNIVERSITY OF LOUISVILLE UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 611014882 EDUCATION KY NA false UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION INC UNIVERSITY OF LOUISVILLE LOUISVILLE KY 40292 311106941 EDUCATION KY 501(c)(3) 11 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 550 SOUTH JACKSON STREET LOUISVILLE KY 40202 611250153 MEDICAL CARE KY 501(c)(3) 7 UNIVERSITY OF LOUISVILLE false UNIVERSITY MEDICAL CENTER INC 250 E LIBERTY ST 500 LOUISVILLE KY 40202 611293786 MEDICAL CARE KY 501(c)(3) 3 UNIVERSITY OF LOUISVILLE false false false false false false false false false false false true false false true true true false false false