2024-05-15T08:22:24-05:00 2023-06-30 FORVIS LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2022-07-01 311146505 UNIVERSITY OF KENTUCKY GLUCK EQUINE RESEARCH FOUNDATION INC % PENNY COX UNIV 8592574758 301 PETERSON SERVICE BUILDING LEXINGTON KY 40506 PENNY COX TREASURER 8592574758 2023-05-15 true PENNY COX 999009999 Aaron Hershberger P00961884 5136218300 2 2022 2023-04-26 12:10:37Z STUART BROWN 301 PETERSON SERVICE BUILDING LEXINGTON KY 40506 3849746 false X N/A X 1984 KY TO MAINTAIN/SUPPORT A CONTINUING PARTNERSHIP BETWEEN UK AND THE EQUINE INDUSTRY OF THE COMMONWEALTH OF KY TO ENHANCE AND IMPROVE THE EQUINE RESEARCH PROGRAM AT UK. 31 24 0 0 0 323599 2230 0 0 146538 130295 0 0 470137 132525 249362 568512 0 0 0 0 0 0 0 3184 16267 252546 584779 217591 -452254 10534785 10742576 0 0 10534785 10742576 TO MAINTAIN AND SUPPORT A CONTINUING PARTNERSHIP BETWEEN THE UNIVERSITY OF KENTUCKY AND THE EQUINE INDUSTRY OF THE COMMONWEALTH OF KENTUCKY TO ENHANCE AND IMPROVE THE EQUINE RESEARCH PROGRAM AT THE UNIVERSITY. false false 584779 568512 FUNDS WERE GRANTED TO THE UNIVERSITY OF KENTUCKY TO SUPPORT THE EQUINE RESEARCH PROGRAM AT THE UNIVERSITY. 584779 true false false false false false false false false true false false false false false false true true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 31 24 true false false false false false false true true false false true true true true true true true true false KY X PENNY COX 8592574758 301 PETERSON SERVICE BUILDING LEXINGTON KY 40506 ELI CAPILOUTO PRESIDENT 1.0 39.0 X X 0 1362033 398944 ROBERT DIPAOLA VICE PRESIDENT 1.0 39.0 X X 0 880572 208257 DAVID BLACKWELL FORMER VICE PRESIDENT 0.01 40.0 X 0 437784 51220 NANCY COX SECRETARY 1.0 39.0 X X 0 433565 49905 THOMAS W HARRIS DIRECTOR - TERM ENDED 1.0 39.0 X 0 333662 61175 PENNY COX TREASURER 1.0 39.0 X X 0 298304 37305 JAMES MATTHEWS DIRECTOR 1.0 39.0 X 0 202743 38943 DANIEL HOWE DIRECTOR 1.0 39.0 X 0 157150 31531 MICHAEL BANAHAN VICE CHAIR 1.0 0.0 X X 0 0 0 CLIFFORD BARRY DIRECTOR 1.0 0.0 X 0 0 0 ADAM BOWDEN DIRECTOR 1.0 0.0 X 0 0 0 CORMAC BREATHNACH DIRECTOR 1.0 0.0 X 0 0 0 STUART BROWN CHAIR 1.0 0.0 X X 0 0 0 GARY BUSH DIRECTOR 1.0 0.0 X 0 0 0 KIKI COURTELIS DIRECTOR 1.0 0.0 X 0 0 0 RAY DANIELS DIRECTOR 1.0 0.0 X 0 0 0 DORA DELGADO DIRECTOR 1.0 0.0 X 0 0 0 JAMIE EADS DIRECTOR 1.0 0.0 X 0 0 0 HAROLD V BO GOODMAN DIRECTOR 1.0 0.0 X 0 0 0 ELISABETH GOTH DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM LYNN JONES DIRECTOR 1.0 0.0 X 0 0 0 JOE KINNARNEY DIRECTOR 1.0 0.0 X 0 0 0 JAKE LEMON DIRECTOR 1.0 39.0 X 0 0 0 LISA LOURIE DIRECTOR 1.0 0.0 X 0 0 0 KRISTINA LU DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM J MORONEY DIRECTOR 1.0 0.0 X 0 0 0 CHAUNCEY MORRIS DIRECTOR 1.0 0.0 X 0 0 0 STEVE REED DIRECTOR 1.0 0.0 X 0 0 0 DERMONT RYAN DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM W THOMASON JR DIRECTOR 1.0 0.0 X 0 0 0 NED TOFFEY DIRECTOR 1.0 39.0 X 0 0 0 JANET VANBEBBER DIRECTOR 1.0 0.0 X 0 0 0 BENNY BELL WILLIAMS DIRECTOR 1.0 0.0 X 0 0 0 0 4105813 877280 0 true true false 0 1180 1050 2230 0 138213 138213 0 0 0 0 0 3709303 3717221 -7918 -7918 -7918 0 0 0 0 0 0 0 0 0 0 132525 130295 568512 568512 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6292 6292 0 0 2500 2500 168 168 0 1959 1959 0 0 0 3185 3185 Equip rental and maintenance 2075 2075 0 0 MISCELLANEOUS EXPENSE 88 88 584779 584779 0 0 217591 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10317194 10742576 0 0 0 0 0 0 0 0 10534785 10742576 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 10534785 10742576 10534785 10742576 10534785 10742576 -452254 660045 X false true X true false X X X 1 UNIVERSITY OF KENTUCKY 616001218 6 true 568512 0 1 568512 0 true false false false false false false false false false false false false false false true false 10136345 652127 255868 91960 10440644 10881502 323274 -781620 188465 98346 10136345 8593174 2601604 229262 84014 10881502 9013302 -121906 218802 79420 8593174 8904840 349366 168190 72714 9013302 1.00000 false true true 792570 660045 660045 132525 132525 584779 584779 584779 SCHEDULE D, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUNDS THE ENDOWMENT FUNDS ARE USED TO SUPPORT THE FOUNDATION'S OVERALL MISSION TO MAINTAIN AND SUPPORT A CONTINUING PARTNERSHIP BETWEEN THE UNIVERSITY OF KENTUCKY AND THE EQUINE INDUSTRY OF THE COMMONWEALTH OF KENTUCKY AND TO ENHANCE AND IMPROVE THE EQUINE RESEARCH PROGRAM AT THE UNIVERSITY. false UNIVERSITY OF KENTUCKY 301 PETERSON SERVICE BUILDING LEXINGTON KY 40506 616001218 GOVT 568512 RESEARCH AND ENDOWMENT MGT FEES 1 X X false true false false false false false false false DAVID BLACKWELL FORMER VICE PRESIDENT 0 434735 0 0 0 3049 0 43372 0 7848 0 489004 ELI CAPILOUTO PRESIDENT 0 1036146 0 125000 0 200887 0 383422 0 15522 0 1760977 NANCY COX SECRETARY 0 425107 0 0 0 8458 0 42555 0 7350 0 483470 PENNY COX TREASURER 0 292465 0 0 0 5839 0 29396 0 7909 0 335609 ROBERT DIPAOLA VICE PRESIDENT 0 792808 0 70293 0 17471 0 189951 0 18306 0 1088829 THOMAS W HARRIS DIRECTOR - TERM ENDED 0 323672 0 0 0 9990 0 45750 0 15425 0 394837 DANIEL HOWE DIRECTOR 0 156575 0 0 0 575 0 16106 0 15425 0 188681 JAMES MATTHEWS DIRECTOR 0 201504 0 0 0 1239 0 20637 0 18306 0 241686 SCHEDULE J, PART I, LINE 4B A 457(F) CONTRACT WAS WRITTEN FOR DR. CAPILOUTO STARTING JULY 1, 2016, AND SHALL CONTINUE AS LONG AS HE REMAINS EMPLOYED WITH PAYMENTS COMMENCING FOR $178,000 AND PAYABLE EACH YEAR ON JULY 1. A 415(M) DEFERRED COMPENSATION CONTRACT WAS WRITTEN FOR DR. CAPILOUTO STARTING JULY 1, 2011, WITH CONTRIBUTIONS COMMENCING FOR $50,000 AND PAYABLE EACH YEAR THROUGH 2025. A 415(M) CONTRACT WAS WRITTEN FOR DR. DIPAOLA EFFECTIVE OCTOBER 1, 2022, WITH AN INITIAL RETENTION CONTRIBUTION OF $110,000 ON OCTOBER 1, 2022. AS LONG AS HE HAS CONTINUED EMPLOYMENT AS PROVOST, ANNUAL CONTRIBUTIONS WILL BE MADE ON JUNE 1 EACH YEAR BEGINNING IN 2023 IN THE AMOUNT OF $110,000 AND INCREASE BY $25,000 EACH SUBSEQUENT YEAR THROUGH 2026. FORM 990, PART I, LINE 1 ORGANIZATION STRUCTURE AND OPERATION THE UNIVERSITY OF KENTUCKY OPERATES THE CORPORATION AS A COST CENTER WITHIN ITS CONSOLIDATED FINANCIAL STATEMENTS. THE AMOUNTS REFLECTED ON THIS RETURN ARE FOR THE UNIVERSITY EQUINE RESEARCH DEPARTMENT COST CENTER AND INCLUDE FUNDS DEPOSITED OR DISBURSED DIRECTLY BY THE UNIVERSITY UNDER ITS EMPLOYER INDENTIFICATION NUMBER (EIN) RATHER THAN THAT OF THE CORPORATION. INDEPENDENT CONTRACTORS, IF APPLICABLE, ARE PAID UNDER THE UNIVERSITY'S EIN AND IRS FORM 1099S ARE ISSUED UNDER THE UNIVERSITY'S EIN AS WELL. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS AND FAMILY RELATIONSHIPS THE FOLLOWING INDIVIDUALS HAVE A BUSINESS RELATIONSHIP AS A RESULT OF THEIR EMPLOYMENT WITH THE UNIVERSITY OF KENTUCKY: DAVID BLACKWELL, ELI CAPILOUTO, NANCY COX, PENNY COX, ROBERT DIPAOLA, THOMAS HARRIS, DANIEL HOWE, AND JAMES MATTHEWS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS UNIVERSITY OF KENTUCKY FINANCE PERSONNEL PREPARE AND REVIEW THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE RETURN IS PROVIDED TO BOARD OFFICERS PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. THE RETURN IS PROVIDED TO ALL BOARD MEMBERS AFTER THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS THE ORGANIZATION IS ADMINISTERED IN ACCORDANCE WITH POLICIES AND PROCEDURES THAT GOVERN THE UNIVERSITY OF KENTUCKY. THE UNIVERSITY'S ETHICAL PRINCIPLES AND CODE OF CONDUCT DEFINES THE UNIVERSITY'S CORE VALUE AND ESTABLISHES GUIDELINES FOR PROFESSIONAL CONDUCT INCLUDING CONFLICT OF ETHICAL UNIVERSITY MEMBERS SHALL AVOID CONDUCT THAT MIGHT IN ANY WAY LEAD MEMBERS OF THE GENERAL PUBLIC TO CONCLUDE THAT HE OR SHE IS USING AN OFFICIAL POSITION TO FURTHER PROFESSIONAL OR PRIVATE INTERESTS OR THE INTERESTS OF ANY MEMBERS OF HIS OR HER FAMILY IN CONDUCTING OR PARTICIPATING IN ANY TRANSACTION, FULL DISCLOSURE OF ANY REAL OR PERCEIVED CONFLICT WITH PERSONAL INTERESTS AND REMOVAL FROM FURTHER PARTICIPATION IN SUCH MATTERS IS REQUIRED. ADMINISTRATIVE REGULATION 7:2 FINANCIAL CONFLICTS OF INTEREST IN RESEARCH AND ADMINISTRATIVE REGULATION 7:9 INSTITUTIONAL CONFLICTS OF INTEREST INVOLVING RESEARCH - SETS FORTH SPECIFIC RELATIONSHIPS AND ACTIVITIES THAT POSE A POTENTIAL CONFLICT OF INTEREST FOR FACULTY, STAFF, AND STUDENTS INVOLVED IN RESEARCH AND RELATED ACTIVITIES, AFTER DISCLOSURE, THE UNIVERSITY CAN MAKE AN INFORMED JUDGEMENT ABOUT A PARTICULAR ACTIVITY AND REQUIRE APPROPRIATE OVERSIGHT, LIMITATIONS, OR PROHIBITIONS IN ACCORD WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW AND APPROVAL PROCESS - OFFICERS THE UNIVERSITY PRESIDENT'S COMPENSATION IS ESTABLISHED AND APPROVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY OF KENTUCKY. THE PRESIDENT IS OFFERED A MULTI-YEAR CONTRACT WHICH OUTLINES BASE SALARY, VARIABLE PAY, BENEFITS AND OTHER PERQUISITES. THIS TOTAL COMPENSATION PACKAGE IS BENCHMARKED WITH OTHER LAND GRANT INSTITUTIONS WITH ACADEMIC MEDICAL CENTERS. FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION REVIEW AND APPROVAL PROCESS - OTHER EMPLOYEES THE UNIVERSITY EMPLOYS EXECUTIVES AND ATHLETIC COACHES IN NON-GRADED EXEMPT POSITIONS. OTHER THAN THE PRESIDENT, THESE EXECUTIVES/COACHES ARE PRESENTED WITH AN OFFER LETTER THAT OUTLINES THEIR BASE SALARY, VARIABLE PAY (IF APPLICABLE) AND PERQUISITES. EMPLOYEE BENEFITS OTHER THAN RETIREMENT CONTRIBUTIONS ARE OFFERED AT THE SAME LEVEL AS STAFF EMPLOYEES. RETIREMENT CONTRIBUTIONS BY THE INSTITUTION FOR SENIOR EXECUTIVES MAY BE AT A HIGHER LEVEL (E.G. 15% EMPLOYER CONTRIBUTION) FOR SOME EXECUTIVES. BASE SALARIES AND VARIABLE PAY ARE BENCHMARKED WITH THE UNIVERSITIES' BENCHMARK INSTITUTIONS, IN ADDITION TO REGIONAL AND NATIONAL HEALTH CARE AND BUSINESS ENTITIES. TOTAL COMPENSATION OFFERED TO THESE EXECUTIVE INDIVIDUALS AND COACHES IS APPROVED BY THE PRESIDENT OF THE UNIVERSITY OR HIS DESIGNEE, ATHLETICS DIRECTOR IF COACH COMPENSATION IS LESS THAN $75,000. FORM 990, PART VI, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE DISCLOSED ON THE UNIVERSITY OF KENTUCKY'S WEBSITE. THE ORGANIZATION IS ADMINISTERED IN ACCORDANCE WITH POLICIES AND PROCEDURES THAT GOVERN THE UNIVERSITY OF KENTUCKY. THE UNIVERSITY'S ADMINISTRATIVE REGULATIONS AND POLICIES ARE PUBLISHED ON THE UNIVERSITY'S WEBSITE AT WWW.UKY.EDU. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE AT WWW.UKY.EDU/UFS/FINANCIAL-STATEMENTS. UNIVERSITY OF KENTUCKY 301 PETERSON SERVICE BUILDING LEXINGTON KY 40506 616001218 HIGHER ED KY NA false false true false false false false false false false false false false false false false false false false false UNIVERSITY OF KENTUCKY B 568512 COST