University Of Louisville Research Foundation Inc is located in Louisville, KY. The organization was established in 1984. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Louisville Research Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Of Louisville Research Foundation Inc generated $675.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $631.6m during the year ending 06/2022. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of Louisville Research Foundation Inc has awarded 15 individual grants totaling $421,063. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 70 NEW PROVIDERS AND 5 NEW LOCATIONS TO SERVE THE LOCAL COMMUNITY AND THE COMMONWEALTH; - TREATMENT PROVIDED IN OVER 950,000 SEPARATE PATIENT VISITS; - ADDED MORE THAN 90,000 NEW PATIENTS TO THE UOFL HEALTH SYSTEM; AND - ADDED REGIONAL PARTNERSHIPS WITH CARROLL COUNTY MEMORIAL HOSPITAL AND TAYLOR COUNTY REGIONAL HOSPITAL TO PROVIDE CLINICAL SERVICES.
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.
THE UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION (ULRF) SECURED MORE THAN $153 MILLION TO SUPPORT GROUNDBREAKING RESEARCH IN THE 2021-2022 FISCAL YEAR. THE ORGANIZATION RECEIVED 844 AWARDS FOR $153.8 MILLION, WHICH INCLUDED $87.9 MILLION FROM THE FEDERAL GOVERNMENT, $28.3 MILLION FROM FLOW-THROUGH FUNDS, $10.8 MILLION FROM INDUSTRY, $11.7 MILLION FROM FOUNDATIONS, AND $13.2 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. THANKS TO CONTRIBUTIONS FROM HUMANA, THE HEALTH EQUITY INNOVATION HUB WAS LAUNCHED THIS FISCAL YEAR FOCUSING ON ADVANCING HEALTH EQUITY AND IMPROVING HEALTH OUTCOMES FOR MARGINALIZED POPULATIONS IN LOUISVILLE AND COMMUNITIES AROUND THE WORLD. ALSO, ORGANIZATIONAL FUNDING HELPED IMPLEMENT THE CHRISTINA LEE BROWN ENVIROME INSTITUTE - NEW VISION OF HEALTH CAMPUS, WHERE STUDY WILL FOCUS ON HEALTH AS A SHARED COMMUNITY RESOURCE, INCORPORATING ENVIRONMENTAL AND CULTURAL FACTORS. NOT ONLY DOES ULRF EXCEL AT GROUNDBREAKING RESEARCH, BUT ALSO AT THE TRANSLATION OF THAT RESEARCH INTO MARKETABLE COMMERCIAL TECHNOLOGIES WITH REAL-WORLD IMPACT. THE UNIVERSITY OF LOUISVILLE IS THE ONLY UNIVERSITY IN THE COUNTRY TO BE AWARDED A PRESTIGIOUS SUITE OF COMMERCIALIZATION GRANTS, DUBBED THE 'SUPERFECTA': THE COULTER TRANSLATIONAL PARTNERSHIP AWARD, NSF I CORPS SITE PROGRAM, THE NIH REACH HUB, AND THE NSF AWARE: ACCESS AWARD. THESE PROGRAMS HELP GET OUR INNOVATIVE TECHNOLOGIES TO MARKET, IMPROVING THE WAY WE WORK AND LIVE, SUCH AS OUR WORK TO MONITOR EMPLOYEE ENGAGEMENT OR THE PIONEERING RESEARCH IN SPINAL CORD INJURY THAT COULD HELP THE PARALYZED WALK AGAIN. OUR WORK ALSO FURTHERS ECONOMIC PRIORITIES - FOR EXAMPLE, OUR LOUISVILLE ENTREPRENEURSHIP ACCELERATION PROGRAMS SUPPORT THE LOCAL INNOVATION ECONOMY AND PROVIDING ECONOMIC OPPORTUNITY FOR THE REGION. IN THIS FISCAL YEAR, THE ORGANIZATION ALSO BECAME A PARTNER IN THE NSF MID-SOUTH INNOVATION CORPS (I-CORPS) HUB, ONE OF ONLY 10 ACROSS THE UNITED STATES 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. THE ORGANIZATION ACQUIRED FUNDING FOR MANY NEW PROJECTS DURING THE FISCAL YEAR, INCLUDING: - UPGRADING INFECTIOUS DISEASE RESEARCH FACILITIES AT THE UNIVERSITY OF LOUISVILLE; - CHROMOSOME INSTABILITY IMPLICATIONS IN METAL-INDUCED LUNG CANCER; - UTILITY OF GENOMIC SEQUENCING IN COMMUNITY CARE CONTEXTS; - 3D BIOPRINTING OF DUAL-DELIVERY SCAFFOLDS FOR BACTERIAL VAGINOSIS; - BEHAVIORAL HEALTH WORKFORCE EDUCATION AND TRAINING PROGRAM & BEHAVIORAL HEALTH WORKFORCE ENHANCEMENT PROGRAM; - SYSTEMATIC IDENTIFICATION OF CARDIOTOXIC E-CIGARETTE FLAVORANTS; - NATIONAL CYBERSECURITY TEACHING ACADEMY
THE UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION PROVIDES FUNDING FOR STUDENT SCHOLARSHIPS AT THE UNIVERSITY OF LOUISVILLE. DURING THE FISCAL YEAR, THE ORGANIZATION PROVIDED ALMOST $72 MILLION IN FUNDS TO OVER 19,000 STUDENTS ATTENDING THE UNIVERSITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Secretary To 1/14/22 | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
University Of Louisville Physicians Medical/healthcare | 6/29/22 | $8,023,501 |
Univ Of Kentucky Research Fdn Research Services | 6/29/22 | $1,400,886 |
Axxis Inc Event Services | 6/29/22 | $1,256,237 |
Sri International Research Services | 6/29/22 | $1,171,975 |
Westat Inc Research Services | 6/29/22 | $1,161,502 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $198,908,428 |
All other contributions, gifts, grants, and similar amounts not included above | $61,491,133 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $260,399,561 |
Total Program Service Revenue | $405,205,756 |
Investment income | $29,504 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $779,235 |
Net Rental Income | $129,070 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$160,435 |
Miscellaneous Revenue | $0 |
Total Revenue | $675,356,464 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $111,324 |
Grants and other assistance to domestic individuals. | $71,971,226 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,164,505 |
Fees for services: Accounting | $22,855 |
Fees for services: Lobbying | $135,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $421,613,695 |
Advertising and promotion | $1,093,350 |
Office expenses | $1,672,899 |
Information technology | $8,680,220 |
Royalties | $241,930 |
Occupancy | $2,919,368 |
Travel | $2,437,317 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,702,766 |
Interest | $129,968 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,043,111 |
Insurance | $824,347 |
All other expenses | $4,369,042 |
Total functional expenses | $631,642,385 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,899 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $70,435,526 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $164,216,557 |
Inventories for sale or use | $464,752 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $51,474,940 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $659,651,911 |
Total assets | $946,253,585 |
Accounts payable and accrued expenses | $29,816,743 |
Grants payable | $0 |
Deferred revenue | $3,039,532 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $705,117,127 |
Total liabilities | $737,973,402 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $208,280,183 |
Total liabilities and net assets/fund balances | $946,253,585 |
Over the last fiscal year, University Of Louisville Research Foundation Inc has awarded $55,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
CLINICAL RESEARCH FOUNDATION PURPOSE: Research Support | $50,000 |
HOPE SCARVES INC PURPOSE: Mission Support | $5,000 |