2025-05-15T13:45:52+00:00 2024-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2023-07-01 611029626 University of Louisville Research Foundation UNIV 5028526164 2215 S Brook Street Louisville KY 402082772 C AARON LEMAY VICE PRESIDENT 2025-05-15 true Rachel Spurlock P00520729 5023263996 2025-05-15 2023 2025-03-06 01:10:19Z Dr Thomas Gerard Bradley 2215 S Brook Street Louisville KY 402082772 652874942 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 219755075 238444007 404904586 405992716 -53911 -269420 7320040 6880081 631925790 651047384 63752214 74142916 0 0 0 0 526169717 560875104 589921931 635018020 42003859 16029364 977253553 966604917 726970895 700277696 250282658 266327221 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 387941603 3766 400543367 The University of Louisville Research Foundation houses financial activity related to services provided by the UofL Health Sciences Center and over 1,200 physician faculty within the University's School of Medicine. The faculty at the School of Medicine staff 260 clinics over a multi-state region and provided the following services during the fiscal year: - Added 146 new providers and 15 new locations to serve the local community and the Commonwealth; - Treatment provided in over 2.5 million separate patient visits; and - Added more than 119,000 new patients to the UofL Health System. 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. 158578543 0 5433481 The University of Louisville Research Foundation (ULRF) continued its mission of conducting groundbreaking research in the 2023-2024 fiscal year, securing over $188 million to drive innovation and address critical societal challenges. This significant investment, comprising 906 awards totaling $188.3 million, fuels important research across key areas, including health, workforce development, and engineering. Federal agencies recognized ULRF's leadership with $113.5 million in direct funding, complemented by an additional $32.9 million in federal flowthrough. Support from industry ($13.3 million), non-profits ($8.1 million), and the Commonwealth of Kentucky ($18.4 million) further underscores the diverse partnerships fueling ULRF's research engine. Transforming Healthcare: A landmark $7.9 million grant from the U.S. Army Medical Research Acquisition Activity (USAMRAA) is powering the first U.S. clinical trial investigating a novel intravenous stem cell therapy for heart failure, utilizing umbilical cord-derived cells. This pioneering work exemplifies ULRF's commitment to advancing treatment options for critical health conditions. Strengthening Healthcare Access: Addressing projected physician shortages, ULRF secured $4 million in the first year of a $16 million HRSA grant to bolster primary care physician training and support, directly impacting healthcare access in underserved areas. Leading Biodefense and Pandemic Preparedness: The University's Regional Biocontainment Laboratory (RBL) received $2.9 million from the National Institute of Allergy and Infectious Diseases (NIAID). As one of only 11 such facilities nationwide, the RBL at the Center for Predictive Medicine provides crucial expertise and infrastructure for developing therapeutics against serious pathogens, vital for national security and public health. Advancing Spinal Cord Injury Research and Care: A $2 million investment will expand the Spinal Cord Injury Neuromodulation and Translational Recovery Institute at the Frazier Rehab Institute. This expansion builds upon the internationally recognized Kentucky Spinal Cord Injury Research Center (KSCIRC), facilitating the translation of cutting-edge research into enhanced treatment for both adult and pediatric spinal cord injuries. Building a Resilient and Equitable Louisville: ULRF is actively engaged in community impact through two Louisville Metro Government grants. The Louisville Trauma Resilient Communities Healing Project will foster resilience and equity for vulnerable youth and families, addressing the impact of trauma and violence in west and south Louisville. Simultaneously, a digital literacy train-the-trainer program will empower residents with essential digital skills, promoting economic opportunity and inclusion. Additional Notable Awards: The fiscal year also saw significant funding for projects focused on developing innovative treatments for eating disorders (NIH), advancing spinal cord injury research (HRSA), and enhancing digital literacy within the Louisville community (Louisville Metro Government). These accomplishments underscore the University of Louisville Research Foundation's unwavering commitment to impactful research that advances knowledge, improves lives, and strengthens our community and nation. 74139150 74139150 0 The University of Louisville Research Foundation provides funding for student scholarships at the University of Louisville. During the fiscal year, the organization provided $74.1 million in funds to 13,220 students attending the University. 3378636 0 5985413 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. 3378636 5985413 624037932 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 false true true false false false false false false false false false false false false false true false false false true X 394 0 true 0 false 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 Secretary to 1/12/24 0.5 0.5 X X 0 0 0 Laurence Benz Chair 0.5 0.5 X X 0 0 0 Alfonso Cornish Director 0.5 0 X 0 0 0 Brian F Lavin Director 0.5 0 X 0 0 0 Christopher Dischinger Director from 4/25/24 0.5 0 X 0 0 0 Dr Raymond Burse Director 0.5 0.5 X 0 0 0 Eugene G Mueller Director 0.5 49.5 X 0 139187 29670 Jerry Abramson Director 0.5 0 X 0 0 0 Kevin Ledford Director 0.5 49.5 X 0 72670 22515 Larry Hayes Director from 4/25/24 0.5 0 X 0 0 0 Mary R Nixon Director to 1/12/24 0.5 0 X 0 0 0 Sarah K Hayden Director 0.5 6.0 X 0 12972 0 Sherrill Zimmerman Director 0.5 0.5 X 0 0 0 Charles Perusse Vice President from 5/13/24 0.5 49.5 X 0 0 0 Daniel A Durbin Vice President to 5/12/24 0.5 49.5 X 0 494066 56228 Dr Kim Schatzel President 0.5 49.5 X 0 930957 290624 Dr Thomas Gerard Bradley Vice President 0.5 49.5 X 0 600494 58186 Jon B Klein MD PhD Vice President from 2/13/24 0.5 49.5 X 0 0 0 Kevin H Gardner PhD Vice President to 2/12/24 0.5 49.5 X 0 320258 48732 Kyle J Beamer Assistant Secretary 0.5 49.5 X 0 86309 24105 Dr Beth Boehm Former Vice President 50.0 X 0 275672 48367 Lori Gonzalez PhD Former President 50.0 X 0 424193 34432 Prof Enid Trucios-Haynes Former Treasurer 50.0 X 0 160326 42892 0 3517104 655751 0 true true false UNIVERSITY OF LOUISVILLE PHYSICIANS 300 EAST MARKET STREET LOUISVILLE KY 40202 MEDICAL/HEALTHCARE 17735195 CALHOUN CONSTRUCTION SERVICES INC 7707 NATIONAL TURNPIKE STE 400 LOUISVILLE KY 40214 CONSTRUCTION SERVICES 5558553 RENDER PBC 825 E MARKET ST STE 201 LOUISVILLE KY 40206 RESEARCH SERVICES 2468216 UNIV OF KY RESEARCH FOUNDATION 337 PETERSON SERVICE BLDG LEXINGTON KY 40506 RESEARCH SERVICES 2065939 CARDINAL HEALTH INC 2512 WESTCOTT BLVD KNOXVILLE TN 37931 MEDICAL SERVICES 1369435 90 222530698 15913309 238444007 Clinical Services 541700 400543367 400543367 Other Research Projects and Services 541700 5433481 5433481 Conferences and training 541700 15868 15868 0 0 0 0 405992716 30022 30022 589475 589475 321061 0 321061 0 321061 321061 0 299442 0 -299442 -299442 -299442 1403282 1528116 -124834 -124834 Lease Accounting 900099 6094379 6094379 0 0 0 0 6094379 651047384 411962261 0 641116 X 3766 3766 74139150 74139150 1062995 767902 295093 6080 6080 180000 180000 483373577 475186232 8187345 0 1025392 1007521 17871 1206650 1158751 47899 8743514 7916846 826668 429263 429263 2597359 1472618 1124741 4506789 4408530 98259 5155155 5089980 65175 91192 91192 8819562 8819562 207702 187329 20373 F&A services and other transfers 21116469 21116469 Laboratory Supplies and Expenses 18300894 18138169 162725 Other Expenses 2007465 1984790 22675 Licenses, Permits, and Fees 1572521 1540742 31779 472525 393040 79485 0 635018020 624037932 10980088 0 2903 1850 99024841 136121473 0 0 0 0 172859917 133210309 513893 518274 206356566 142399945 58102403 63956621 0 0 646749596 632796390 977253553 966604917 37974617 39336092 3727098 2373145 0 0 685269180 658568459 726970895 700277696 250282658 266327221 250282658 266327221 977253553 966604917 16029364 15199 0 X false true X true true true X 192756221 218833551 260399561 219755075 238444007 1130188415 0 0 192756221 218833551 260399561 219755075 238444007 1130188415 0 1130188415 511373 831817 937809 1208076 641116 4130191 0 0 0 0 0 0 0 0 0 0 0 1134318606 1933666791 0.9964 0.9962 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 180000 false false 180000 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 during the year to lobby on behalf of the Research Foundation's research activities. 351695 351695 71118285 36872273 34246012 818024 760597 57427 111528550 95267573 16260977 22540012 9499502 13040510 63956621 Deposits and advances 801101 Right to Use Assets Longterm Lease Receivable 631995289 632796390 Allocated Post Employment Benefits 29998047 Other Long Term Liabilities 7734 Due to University of Louisville 6391444 Longterm Lease Payable 622171234 658568459 651471660 0 0 651471660 -424276 -424276 651047384 635442296 424276 424276 635018020 0 0 635018020 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RECLASS LOSS ON SALE OF INVENTORY - -124834 RECLASS LOSS ON ASSET DISPOSALS - -299442 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RECLASS LOSS ON SALE OF INVENTORY - 124834 RECLASS LOSS ON ASSET DISPOSALS - 299442 true SCHOLARSHIPS, FELLOWSHIPS FINANCIAL AID, AWARDS 13220 74139150 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 159138 0 0 0 1188 0 16466 0 26426 0 203218 0 0 Eugene G Mueller Director 0 138413 0 0 0 774 0 13119 0 16551 0 168857 0 0 Dr Beth Boehm Former Vice President 0 273386 0 0 0 2286 0 27986 0 20381 0 324039 0 0 Lori Gonzalez PhD Former President 0 349788 0 0 0 74405 0 25234 0 9198 0 458625 0 0 Daniel A Durbin Vice President to 5/12/24 0 492878 0 0 0 1188 0 33000 0 23228 0 550294 0 0 Dr Thomas Gerard Bradley Vice President 0 599720 0 0 0 774 0 33000 0 25186 0 658680 0 0 Kevin H Gardner PhD Vice President to 2/12/24 0 319484 0 0 0 774 0 32210 0 16522 0 368990 0 0 Dr Kim Schatzel President 0 842077 0 0 0 88880 0 233000 0 57624 0 1221581 0 0 Form 990, Part III, Line 4d Description of other program services (Expenses $ 3,378,636 including grants of $ 0)(Revenue $ 5,985,413) 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: 7352840, Fundraising Expenses: ; Research Subcontracting - Total Expense: 18647468, Program Service Expense: 18647468, Management and General Expenses: , Fundraising Expenses: ; Medical Subcontracting - Total Expense: XXX-XX-XXXX, Program Service Expense: XXX-XX-XXXX, Management and General Expenses: , Fundraising Expenses: ; Other consulting and services - Total Expense: 7426171, Program Service Expense: 6591666, Management and General Expenses: 834505, Fundraising Expenses: ; 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