Nonprofit · EIN 47-2373203
UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION
Tax-exempt · LOUISVILLE, KY 40208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $34,399,947 | $34,431,897 | -$31,950 | $415,523,563 | $72,114,682 | $343,408,881 |
| June 30, 2024 | 990 | $100,713,374 | $17,225,745 | $83,487,629 | $240,933,317 | $39,720,830 | $201,212,487 |
| June 30, 2023 | 990 | $38,491,724 | $18,119,853 | $20,371,871 | $167,969,861 | $50,573,140 | $117,396,721 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,605,484
- of which government grants
- $8,375,870
- Program service revenue
- $20,883,301
- Investment income
- $666,475
- Other revenue
- $4,244,687
Expenses
- Grants and similar amounts paid
- $2,365,600
- Other salaries and wages
- $1,375,013
- Salaries, compensation and benefits (total)
- $1,871,117
- Professional fundraising fees
- $0
- Legal fees
- $127,113
- Accounting fees
- $65,926
- Occupancy
- $8,570,422
- Travel
- $36,429
- Depreciation
- $13,267,536
- Program services (functional)
- $29,666,847
- Management and general (functional)
- $4,765,050
Balance sheet and other
- Total assets, start of year
- $240,933,317
- Total assets, end of year
- $415,523,563
- Total liabilities, end of year
- $72,114,682
- Net assets, end of year
- $343,408,881
- Land, buildings and equipment
- $225,301,819
- Net assets without donor restrictions
- $343,408,881
- Gross unrelated business income
- $5,095,033
- Gross receipts
- $34,399,947
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2014
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH SHERMAN | EXECUTIVE DIRECTOR & COO Officer | 27.5 | $0 | $303,255 | $39,404 |
| SCOTT BRINKMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CHARLIE DAHLEM | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARIAH GRATZ | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAKE SMITH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| POWELL SPEARS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIM SCHATZEL | DIRECTOR Trustee or director | 0.5 | $0 | $930,957 | $284,784 |
| SCOTT BRINKMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JESSICA COLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CHARLIE DAHLEM | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JILL FORCE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE GAULT | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARIAH GRATZ | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK NICKEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| POWELL SPEARS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JAKE SMITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CRAIG HAWLEY | SECRETARY & TREASURER (PREVIOUS) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEITH SHERMAN | EXECUTIVE DIRECTOR & COO Officer | 27.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LORI GONZALEZ | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $834,244 | $43,367 |
| SCOTT BRINKMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JESSICA COLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CHARLIE DAHLEM | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JILL FORCE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE GAULT | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARIAH GRATZ | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CRAIG HAWLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK NICKEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM SCHATZEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| POWELL SPEARS | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAUL CARRICO | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 | $0 |
| KEN PAYNE | DIRECTOR (PREVIOUS) Trustee or director | 1 | $0 | $0 | $0 |
| EARL REED | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 | $0 |
| SANDY METTS SNOWDEN | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 | $0 |
| KEITH SHERMAN | EXECUTIVE DIRECTOR & COO Officer | 27.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 215 CENTRAL AVE STE 212, LOUISVILLE, KY 40208-1451
- In care of
- % CHRIS MONTGOMERY
- Principal officer (990 for 2024)
- KEITH SHERMAN, 215 CENTRAL AVE STE 212, LOUISVILLE, KY 40208
- Signed the 990
- KEITH SHERMAN, EXECUTIVE DIRECTOR & COO
- Phone
- (502) 212-8200
- Return prepared by
- DEMING MALONE LIVESAY & OSTROFF PSC
Mission
TO ACQUIRE, MAINTAIN, IMPROVE, LEVERAGE, MANAGE, LEASE, AND CONVEY REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF LOUISVILLE.
Program accomplishments
- THE REAL ESTATE ASSETS HELD BY THE FOUNDATION ARE USED BY, OR FOR THE BENEFIT OF, THE UNIVERSITY OF LOUISVILLE.Expenses $29,666,847 · grants $2,365,600 · revenue $20,032,955
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2373203
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $415,523,563
- Income (IRS master file)
- $34,399,947
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $34,399,947 | $34,431,897 | $415,523,563 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $100,713,374 | $17,225,745 | $240,933,317 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $38,491,724 | $18,119,853 | $167,969,861 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $30,989,906 | $14,749,762 | $163,989,545 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2373203).
Questions about UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION
- What is the EIN of UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION is 47-2373203.
- Is UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION?
- The 990 for the year ended June 30, 2025 names KEITH SHERMAN.
- Who are the officers and directors of UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $34,399,947, expenses of $34,431,897 and total assets of $415,523,563 at year end.
Other nonprofits in LOUISVILLE
- THE COMMUNITY FOUNDATION OF LOUISVILLE INC EIN 31-0997017 · last filed 990 for 2025
- SMITH BROTHERS FAMILY FOUNDATION INC EIN 84-3726366 · last filed 990-PF for 2024
- THE COMMUNITY FOUNDATIO OF LOUISVILLE DEPOSITORY INC EIN 31-1140889 · last filed 990 for 2025
- WILLIAM O ALDEN JR CHARITABLE TR EIN 99-6814920 · last filed 990-PF for 2025
- METRO UNITED WAY INC EIN 61-0444680 · last filed 990 for 2025
- JEWISH COMMUNITY OF LOUISVILLE INC EIN 61-0444765 · last filed 990 for 2025
- INDIGO FOUNDATION INC EIN 81-4600741 · last filed 990-PF for 2024
- SHIRLEYS WAY EIN 90-1024077 · last filed 990 for 2024
All nonprofits in LOUISVILLE · Kentucky · Philanthropy, voluntarism and grantmaking foundations