Nonprofit · EIN 61-1029626
UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC
Also known as UNIV OF LOUISVILLE DEPT OF MEDICINE
Tax-exempt · LOUISVILLE, KY 40208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $659,270,973 | $701,636,925 | -$42,365,952 | $914,797,601 | $694,459,248 | $220,338,353 |
| June 30, 2024 | 990 | $651,047,384 | $635,018,020 | $16,029,364 | $966,604,917 | $700,277,696 | $266,327,221 |
| June 30, 2023 | 990 | $631,925,790 | $589,921,931 | $42,003,859 | $977,253,553 | $726,970,895 | $250,282,658 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $175,453,223
- of which government grants
- $158,545,138
- Program service revenue
- $477,573,437
- Investment income
- -$114,424
- Royalties
- $225,951
- Net rental income
- $428,691
- Net gain from sales of assets
- -$114,564
- Net income from sales of inventory
- -$123,084
- Other revenue
- $6,358,737
Expenses
- Grants and similar amounts paid
- $13,996,623
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,050,776
- Accounting fees
- $57,075
- Occupancy
- $4,092,794
- Travel
- $5,436,807
- Depreciation
- $10,096,288
- Program services (functional)
- $687,198,531
- Management and general (functional)
- $14,438,394
Balance sheet and other
- Total assets, start of year
- $966,604,917
- Total assets, end of year
- $914,797,601
- Total liabilities, end of year
- $694,459,248
- Net assets, end of year
- $220,338,353
- Land, buildings and equipment
- $61,904,431
- Gross receipts
- $660,947,824
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1984
- 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 |
|---|---|---|---|---|---|
| Dr Kim Schatzel | President to 3/26/25 Officer | 0.5 | $0 | $947,939 | $299,255 |
| Dr Thomas Gerard Bradley | Vice Pres to Pres eff 3/27/25 Officer | 0.5 | $0 | $657,196 | $61,427 |
| Daniel A Durbin | Former Vice President Former | – | $0 | $526,076 | $61,496 |
| Jon B Klein MD PhD | Vice President from 2/13/24 Officer | 0.5 | $0 | $490,456 | $41,168 |
| Dr Kathryn Cardarelli | Vice Pres from 3/27/25 Officer | 0.5 | $0 | $318,353 | $14,668 |
| Dr Beth Boehm | Former Vice President Former | – | $0 | $280,414 | $50,879 |
| Kevin H Gardner PhD | Former Vice Pres Former | – | $0 | $194,637 | $27,144 |
| Eugene G Mueller | Director Trustee or director | 0.5 | $0 | $149,912 | $31,121 |
| Kyle J Beamer | Assistant Secretary Officer | 0.5 | $0 | $88,200 | $25,346 |
| Kevin Ledford | Director Trustee or director | 0.5 | $0 | $84,424 | $25,030 |
| Allie Rose Phillips | Director Trustee or director | 0.5 | $0 | $9,750 | $0 |
| Brian F Lavin | Treasurer from 4/17/25 Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Christopher Dischinger | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Diane B Medley | Treasurer to 4/15/25 Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Diane Porter | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laurence Benz | Chair Trustee or director, Officer | 0.5 | $0 |
| Alfonso Cornish | Director Trustee or director | 0.5 | $0 |
| Dr Raymond Burse | Director to 4/15/25 Trustee or director | 0.5 | $0 |
| Jerry Abramson | Director Trustee or director | 0.5 | $0 |
| John Hollenbach | Director from 4/17/25 Trustee or director | 0.5 | $0 |
| Larry Hayes | Director from 4/25/24 Trustee or director | 0.5 | $0 |
| Sadiqu Reynolds | Director from 4/17/25 Trustee or director | 0.5 | $0 |
| Sherrill Zimmerman | Director Trustee or director | 0.5 | $0 |
| C Aaron LeMay | Vice President from 3/1/25 Officer | 0.5 | $0 |
| Charles Perusse | Vice President to 2/28/25 Officer | 0.5 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dr Kim Schatzel | President Officer | 0.5 | $0 | $930,957 | $290,624 |
| Dr Thomas Gerard Bradley | Vice President Officer | 0.5 | $0 | $600,494 | $58,186 |
| Daniel A Durbin | Vice President to 5/12/24 Officer | 0.5 | $0 | $494,066 | $56,228 |
| Lori Gonzalez PhD | Former President Former | – | $0 | $424,193 | $34,432 |
| Kevin H Gardner PhD | Vice President to 2/12/24 Officer | 0.5 | $0 | $320,258 | $48,732 |
| Dr Beth Boehm | Former Vice President Former | – | $0 | $275,672 | $48,367 |
| Prof Enid Trucios-Haynes | Former Treasurer Former | – | $0 | $160,326 | $42,892 |
| Eugene G Mueller | Director Trustee or director | 0.5 | $0 | $139,187 | $29,670 |
| Kyle J Beamer | Assistant Secretary Officer | 0.5 | $0 | $86,309 | $24,105 |
| Kevin Ledford | Director Trustee or director | 0.5 | $0 | $72,670 | $22,515 |
| Sarah K Hayden | Director Trustee or director | 0.5 | $0 | $12,972 | $0 |
| Diane B Medley | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Diane Porter | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| James M Rogers | Secretary to 1/12/24 Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Laurence Benz | Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Alfonso Cornish | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Brian F Lavin | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Christopher Dischinger | Director from 4/25/24 Trustee or director | 0.5 | $0 | $0 | $0 |
| Dr Raymond Burse | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jerry Abramson | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Larry Hayes | Director from 4/25/24 Trustee or director | 0.5 | $0 | $0 | $0 |
| Mary R Nixon | Director to 1/12/24 Trustee or director | 0.5 | $0 | $0 | $0 |
| Sherrill Zimmerman | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Charles Perusse | Vice President from 5/13/24 Officer | 0.5 | $0 | $0 | $0 |
| Jon B Klein MD PhD | Vice President from 2/13/24 Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Lori Gonzalez PhD | President to 1/31/23 Officer | 0.5 | $0 | $834,244 | $48,556 |
| Dr Thomas Gerard Bradley | Vice President Officer | 0.5 | $0 | $583,531 | $52,303 |
| Daniel A Durbin | Vice President Officer | 0.5 | $0 | $433,919 | $52,259 |
| Kevin H Gardner PhD | Vice President Officer | 0.5 | $0 | $313,512 | $45,136 |
| Dr Neeli Bendapudi | Former President Former | – | $0 | $318,001 | $20,898 |
| Dr Beth Boehm | Former Vice President Former | – | $0 | $272,523 | $43,219 |
| Prof Enid Trucios-Haynes | Former Treasurer Former | – | $0 | $169,882 | $41,454 |
| David Schultz | Director to 9/6/22 Trustee or director | 0.5 | $0 | $169,469 | $36,987 |
| Eugene G Mueller | Director from 9/7/22 Trustee or director | 0.5 | $0 | $134,441 | $28,102 |
| Kyle J Beamer | Assistant Secretary Officer | 0.5 | $0 | $84,348 | $22,736 |
| John D Smith | Director Trustee or director | 0.5 | $0 | $72,874 | $23,063 |
| Dorain Brown | Director Trustee or director | 0.5 | $0 | $1,900 | $0 |
| Diane B Medley | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Diane Porter | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| James M Rogers | Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Alfonso Cornish | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Brian F Lavin | Director from 1/17/23 Trustee or director | 0.5 | $0 | $0 | $0 |
| Dr Raymond Burse | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jerry Abramson | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Laurence Benz | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Mary R Nixon | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Scott W Brinkman | Director to 1/16/23 Trustee or director | 0.5 | $0 | $0 | $0 |
| Sherrill Zimmerman | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Dr Kim Schatzel | President from 2/1/23 Officer | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2215 S BROOK ST, LOUISVILLE, KY 40208-1874
- In care of
- % DIVISION OF RHEUMATOLOGY
- Principal officer (990 for 2024)
- Dr Thomas Gerard Bradley, 2215 S Brook Street, Louisville, KY 402082772
- Signed the 990
- RICK GRAYCAREK, VICE PRESIDENT
- Phone
- (502) 852-6164
- Return prepared by
- CROWE LLP
Mission
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.
Program accomplishments
- 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 132 new providers and 5 new locations to serve the local community and the Commonwealth; - Treatment provided in over 2.5 million separate patient visits; and - Added more than 118,500 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.Expenses $506,067,405 · grants $7,300 · revenue $473,176,276
- The University of Louisville Research Foundation (ULRF) continued its mission of conducting groundbreaking research in the 2024-2025 fiscal year, securing over $170 million to drive innovation and address critical societal challenges. This significant investment, comprising 857 separate awards, fuels essential research across key areas, including health, workforce development, engineering, and climate resilience. Federal agencies recognized ULRF's leadership with $91 million in direct funding, complemented by $27.2 million in federal flowthrough. Robust support from the Commonwealth of Kentucky ($32 million), industry partners ($12 million), and non-profits ($6.7 million) further underscores the diverse collaborations fueling ULRF's research engine. Transforming Clinical Care: A landmark $11.7 million grant from the National Institutes of Health (NIH) is powering the launch of the Louisville Clinical and Translational Research Center (LCTRC). This statewide initiative is designed to transform the University's clinical research infrastructure, accelerating the transition of laboratory findings into meaningful medical solutions for chronic conditions-such as heart disease, stroke, and cancer-that disproportionately affect both urban and rural Kentuckians. Advancing Industrial Innovation and Decarbonization: Demonstrating a commitment to sustainable engineering, UofL's Additive Manufacturing Institute for Science and Technology secured $1.57 million from the U.S. Department of Energy (DOE). This project focuses on decarbonizing industrial aluminum processing through the development of additive-manufactured electrical furnaces, positioning the University at the forefront of green manufacturing technology. Strengthening State Infrastructure and Education: ULRF is actively engaged in improving the Commonwealth's future through several key initiatives. This includes the establishment of the Statewide Reading and Research Center (Kentucky Department of Education) and a comprehensive Research and Development Work Program with the Kentucky Transportation Cabinet (KYTC) for the 2025-2026 period, ensuring data-driven improvements to state literacy and infrastructure. Leading Climate Resilience and Environmental Stewardship: Through the CLIMBS project (supported by the NSF), ULRF is leveraging multidisciplinary big data to build prediction and response systems for climate resilience. Additionally, the University is leading the design and monitoring of the Harrison Fork (Bernheim Forest) Watershed Project, protecting vital natural resources in Nelson County, KY. Additional Notable Awards: The fiscal year also saw significant funding for the Healthcare Workforce Investment Fund Partnership (KYHEAA) to bolster the medical talent pipeline, and continued investment in high-impact research across the social and physical sciences. These accomplishments underscore the University of Louisville Research Foundation's commitment to impactful research that advances knowledge, improves lives, and strengthens our community, the Commonwealth, and the nation.Expenses $162,360,028 · revenue $4,324,603
- The University of Louisville Research Foundation provides funding for student scholarships at the University of Louisville. During the fiscal year, the organization provided $14 million in funds to approximately 2,500 students attending the University.Expenses $13,989,323 · grants $13,989,323
- 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.Expenses $4,781,775 · revenue $5,776,653
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
- 61-1029626
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B050)
- Assets (IRS master file)
- $914,797,601
- Income (IRS master file)
- $660,947,824
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $659,270,973 | $701,636,925 | $914,797,601 | IRS |
| 990 | June 2024 | $651,047,384 | $635,018,020 | $966,604,917 | IRS |
| 990 | June 2023 | $631,925,790 | $589,921,931 | $977,253,553 | XML |
| 990 | June 2022 | $675,356,464 | $631,642,385 | $946,253,585 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 61-1029626).
Questions about UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC
- What is the EIN of UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC?
- The employer identification number (EIN) of UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC is 61-1029626.
- Is UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC 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 RESEARCH FOUNDATION INC 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 RESEARCH FOUNDATION INC 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 RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Dr Thomas Gerard Bradley.
- Who are the officers and directors of UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 25 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $659,270,973, expenses of $701,636,925 and total assets of $914,797,601 at year end.
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