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        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
        <ReportableCompFromOrgAmt>106000</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotalReportableCompFromOrgAmt>262000</TotalReportableCompFromOrgAmt>
      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>0</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>1</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>0</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>1</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <CntrctRcvdGreaterThan100KCnt>0</CntrctRcvdGreaterThan100KCnt>
      <FundraisingAmt>1575</FundraisingAmt>
      <GovernmentGrantsAmt>641581</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>196947</AllOtherContributionsAmt>
      <TotalContributionsAmt>840103</TotalContributionsAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>21</TotalRevenueColumnAmt>
        <ExclusionAmt>21</ExclusionAmt>
      </InvestmentIncomeGrp>
      <FundraisingGrossIncomeAmt>13874</FundraisingGrossIncomeAmt>
      <ContriRptFundraisingEventAmt>1575</ContriRptFundraisingEventAmt>
      <FundraisingDirectExpensesAmt>10921</FundraisingDirectExpensesAmt>
      <NetIncmFromFundraisingEvtGrp>
        <TotalRevenueColumnAmt>2953</TotalRevenueColumnAmt>
        <ExclusionAmt>2953</ExclusionAmt>
      </NetIncmFromFundraisingEvtGrp>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>843077</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>0</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>2974</ExclusionAmt>
      </TotalRevenueGrp>
      <InfoInScheduleOPartIXInd>X</InfoInScheduleOPartIXInd>
      <GrantsToDomesticOrgsGrp>
        <TotalAmt>171000</TotalAmt>
        <ProgramServicesAmt>171000</ProgramServicesAmt>
      </GrantsToDomesticOrgsGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>156000</TotalAmt>
        <ProgramServicesAmt>124800</ProgramServicesAmt>
        <ManagementAndGeneralAmt>31200</ManagementAndGeneralAmt>
      </CompCurrentOfcrDirectorsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>142596</TotalAmt>
        <ProgramServicesAmt>114077</ProgramServicesAmt>
        <ManagementAndGeneralAmt>28519</ManagementAndGeneralAmt>
      </OtherSalariesAndWagesGrp>
      <PayrollTaxesGrp>
        <TotalAmt>23667</TotalAmt>
        <ProgramServicesAmt>18934</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4733</ManagementAndGeneralAmt>
      </PayrollTaxesGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>500</TotalAmt>
        <ManagementAndGeneralAmt>500</ManagementAndGeneralAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>22650</TotalAmt>
        <ManagementAndGeneralAmt>22650</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>136044</TotalAmt>
        <ProgramServicesAmt>108835</ProgramServicesAmt>
        <ManagementAndGeneralAmt>27209</ManagementAndGeneralAmt>
      </FeesForServicesOtherGrp>
      <AdvertisingGrp>
        <TotalAmt>23412</TotalAmt>
        <ProgramServicesAmt>18730</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4682</ManagementAndGeneralAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>17031</TotalAmt>
        <ProgramServicesAmt>13566</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3465</ManagementAndGeneralAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>28150</TotalAmt>
        <ProgramServicesAmt>22520</ProgramServicesAmt>
        <ManagementAndGeneralAmt>5630</ManagementAndGeneralAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>34040</TotalAmt>
        <ProgramServicesAmt>27232</ProgramServicesAmt>
        <ManagementAndGeneralAmt>6808</ManagementAndGeneralAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>19443</TotalAmt>
        <ProgramServicesAmt>15554</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3889</ManagementAndGeneralAmt>
      </TravelGrp>
      <InterestGrp>
        <TotalAmt>16592</TotalAmt>
        <ProgramServicesAmt>13274</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3318</ManagementAndGeneralAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>3889</TotalAmt>
        <ProgramServicesAmt>3111</ProgramServicesAmt>
        <ManagementAndGeneralAmt>778</ManagementAndGeneralAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>3094</TotalAmt>
        <ProgramServicesAmt>2475</ProgramServicesAmt>
        <ManagementAndGeneralAmt>619</ManagementAndGeneralAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>EVENT HOSTING</Desc>
        <TotalAmt>54997</TotalAmt>
        <ProgramServicesAmt>54997</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>SPONSORSHIPS</Desc>
        <TotalAmt>28020</TotalAmt>
        <ProgramServicesAmt>28020</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>DUES AND MEMBERSHIP FEE</Desc>
        <TotalAmt>5387</TotalAmt>
        <ProgramServicesAmt>4309</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1078</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>886512</TotalAmt>
        <ProgramServicesAmt>741434</ProgramServicesAmt>
        <ManagementAndGeneralAmt>145078</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>76590</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </CashNonInterestBearingGrp>
      <LandBldgEquipCostOrOtherBssAmt>27163</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>13368</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>7718</BOYAmt>
        <EOYAmt>13795</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>2500</BOYAmt>
        <EOYAmt>2500</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>86808</BOYAmt>
        <EOYAmt>16295</EOYAmt>
      </TotalAssetsGrp>
      <LoansFromOfficersDirectorsGrp>
        <BOYAmt>38697</BOYAmt>
        <EOYAmt>9764</EOYAmt>
      </LoansFromOfficersDirectorsGrp>
      <UnsecuredNotesLoansPayableGrp>
        <BOYAmt>123011</BOYAmt>
        <EOYAmt>118891</EOYAmt>
      </UnsecuredNotesLoansPayableGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>5975</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>161708</BOYAmt>
        <EOYAmt>134630</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>-74900</BOYAmt>
        <EOYAmt>-118335</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>-74900</BOYAmt>
        <EOYAmt>-118335</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>86808</BOYAmt>
        <EOYAmt>16295</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>-43435</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>0</FSAuditedInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>664052</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>1070689</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>1097747</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>999711</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>840103</CurrentTaxYearAmt>
        <TotalAmt>4672302</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>664052</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>1070689</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>1097747</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>999711</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>840103</CurrentTaxYearAmt>
        <TotalAmt>4672302</TotalAmt>
      </TotalCalendarYear170Grp>
      <PublicSupportTotal170Amt>4672302</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus2YearsAmt>2</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearAmt>21</CurrentTaxYearAmt>
        <TotalAmt>23</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <UnrelatedBusinessNetIncm170Grp>
        <CurrentTaxYearMinus1YearAmt>2671</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>2953</CurrentTaxYearAmt>
        <TotalAmt>5624</TotalAmt>
      </UnrelatedBusinessNetIncm170Grp>
      <OtherIncome170Grp>
        <CurrentTaxYearMinus1YearAmt>600</CurrentTaxYearMinus1YearAmt>
        <TotalAmt>600</TotalAmt>
      </OtherIncome170Grp>
      <TotalSupportAmt>4678549</TotalSupportAmt>
      <GrossReceiptsRltdActivitiesAmt>2000</GrossReceiptsRltdActivitiesAmt>
      <PublicSupportCY170Pct>0.99870</PublicSupportCY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>27163</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>13368</DepreciationAmt>
        <BookValueAmt>13795</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>13795</TotalBookValueLandBuildingsAmt>
      <OtherAssetsOrgGrp>
        <Desc>SECURITY DEPOSIT</Desc>
        <BookValueAmt>2500</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>2500</TotalBookValueOtherAssetsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>CASH OVERDRAFT</Desc>
        <Amt>5975</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>5975</TotalLiabilityAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <FundraisingEventInformationGrp>
        <Event1Nm>GOLF SCRAMBLE</Event1Nm>
        <GrossReceiptsEvent1Amt>15449</GrossReceiptsEvent1Amt>
        <CharitableContriEvent1Amt>1575</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>13874</GrossRevenueEvent1Amt>
        <RentFacilityCostsEvent1Amt>8078</RentFacilityCostsEvent1Amt>
        <FoodAndBeverageEvent1Amt>2217</FoodAndBeverageEvent1Amt>
        <OtherDirectExpensesEvent1Amt>626</OtherDirectExpensesEvent1Amt>
        <GrossReceiptsTotalAmt>15449</GrossReceiptsTotalAmt>
        <CharitableContributionsTotAmt>1575</CharitableContributionsTotAmt>
        <GrossRevenueTotalEventsAmt>13874</GrossRevenueTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>8078</RentFcltyCostsTotalEventsAmt>
        <FoodAndBeverageTotalEventsAmt>2217</FoodAndBeverageTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>626</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>10921</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>2953</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>0</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>2215 S BROOK STREET</AddressLine1Txt>
          <CityNm>LOUISVILLE</CityNm>
          <StateAbbreviationCd>KY</StateAbbreviationCd>
          <ZIPCd>402082772</ZIPCd>
        </USAddress>
        <RecipientEIN>611029626</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>171000</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <PurposeOfGrantTxt>TO PROVIDE ENTREPRENEURSHIP INITIATIVES</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>1</Total501c3OrgCnt>
      <TotalOtherOrgCnt>0</TotalOtherOrgCnt>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <SeverancePaymentInd>0</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>0</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>0</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>0</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>0</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>0</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>0</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>LARRY HORN</PersonNm>
        <TitleTxt>EXECUTIVE DIRECTOR</TitleTxt>
        <BaseCompensationFilingOrgAmt>156000</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>0</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>156000</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <LoansBtwnOrgInterestedPrsnGrp>
        <PersonNm>LARRY HORN</PersonNm>
        <RelationshipWithOrgTxt>EXECUTIVE DIRECTOR</RelationshipWithOrgTxt>
        <LoanPurposeTxt>PERSONAL EXPENSES</LoanPurposeTxt>
        <LoanToOrganizationInd>X</LoanToOrganizationInd>
        <OriginalPrincipalAmt>47697</OriginalPrincipalAmt>
        <BalanceDueAmt>9764</BalanceDueAmt>
        <DefaultInd>0</DefaultInd>
        <BoardOrCommitteeApprovalInd>0</BoardOrCommitteeApprovalInd>
        <WrittenAgreementInd>0</WrittenAgreementInd>
      </LoansBtwnOrgInterestedPrsnGrp>
      <TotalBalanceDueAmt>9764</TotalBalanceDueAmt>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 8B</FormAndLineReferenceDesc>
        <ExplanationTxt>THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>.MEMBERS OF THE FINANCE COMMITTEE REVIEW A DRAFT OF THE FORM 990. ALL BOARD MEMBERS ARE PROVIDED A DRAFT OF THE FORM 990 FOR THEIR REVIEW. THE TAX RETURN PREPARER IS THEN NOTIFIED WITH ANY FOLLOWUP QUESTIONS OR WITH APPROVAL OF THE RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS REVIEW THE PERFORMANCE OF THE PRESIDENT AND SENIOR TEAM EACH YEAR AND APPROVE THE COMPENSATION FOR ALL TEAM MEMBERS EACH YEAR DURING THE BUDGETING PROCESS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,727. MANAGEMENT AND GENERAL EXPENSES 432. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,159. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 9,800. MANAGEMENT AND GENERAL EXPENSES 2,450. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,250. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 97,308. MANAGEMENT AND GENERAL EXPENSES 24,327. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 121,635.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>