University of Louisville Research Foundation Inc
98% goes to programs $0 to raise $100
University of Louisville Research Foundation Inc is a 501(c)(3) organization based in Louisville, Kentucky, registered in 1984, with $651,047,384 in FY2023 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
2215 S Brook St, Louisville, KY, 40208 EIN 61-1029626 Since 1984
Revenue (FY2023)
$651.0M
▲ 3.0% vs prior year
Education median: $200K
Expenses (FY2023)
$635.0M
Net assets
$266.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating98% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For University of Louisville Research Foundation Inc: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For University of Louisville Research Foundation Inc: 5 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For University of Louisville Research Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For University of Louisville Research Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
The university of louisville research foundation (ulrf) continued its mission of conducting groundbreaking research in the 2023-2024 fiscal year, securing over $188 million to drive innovation and address critical societal challenges. this significant investment, comprising 906 awards totaling $188.3 million, fuels important research across key areas, including health, workforce development, and engineering. federal agencies recognized ulrf's leadership with $113.5 million in direct funding, complemented by an additional $32.9 million in federal flowthrough. support from industry ($13.3 million), non-profits ($8.1 million), and the commonwealth of kentucky ($18.4 million) further underscores the diverse partnerships fueling ulrf's research engine. transforming healthcare: a landmark $7.9 million grant from the u.s. army medical research acquisition activity (usamraa) is powering the first u.s. clinical trial investigating a novel intravenous stem cell therapy for heart failure, utilizing umbilical cord-derived cells. this pioneering work exemplifies ulrf's commitment to advancing treatment options for critical health conditions. strengthening healthcare access: addressing projected physician shortages, ulrf secured $4 million in the first year of a $16 million hrsa grant to bolster primary care physician training and support, directly impacting healthcare access in underserved areas. leading biodefense and pandemic preparedness: the university's regional biocontainment laboratory (rbl) received $2.9 million from the national institute of allergy and infectious diseases (niaid). as one of only 11 such facilities nationwide, the rbl at the center for predictive medicine provides crucial expertise and infrastructure for developing therapeutics against serious pathogens, vital for national security and public health. advancing spinal cord injury research and care: a $2 million investment will expand the spinal cord injury neuromodulation and translational recovery institute at the frazier rehab institute. this expansion builds upon the internationally recognized kentucky spinal cord injury research center (kscirc), facilitating the translation of cutting-edge research into enhanced treatment for both adult and pediatric spinal cord injuries. building a resilient and equitable louisville: ulrf is actively engaged in community impact through two louisville metro government grants. the louisville trauma resilient communities healing project will foster resilience and equity for vulnerable youth and families, addressing the impact of trauma and violence in west and south louisville. simultaneously, a digital literacy train-the-trainer program will empower residents with essential digital skills, promoting economic opportunity and inclusion. additional notable awards: the fiscal year also saw significant funding for projects focused on developing innovative treatments for eating disorders (nih), advancing spinal cord injury research (hrsa), and enhancing digital literacy within the louisville community (louisville metro government). these accomplishments underscore the university of louisville research foundation's unwavering commitment to impactful research that advances knowledge, improves lives, and strengthens our community and nation.
The university of louisville research foundation provides funding for student scholarships at the university of louisville. during the fiscal year, the organization provided $74.1 million in funds to 13,220 students attending the university.
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.
Contact & location
- Address
- 2215 S Brook St, Louisville, KY, 40208
- City
- Louisville
- State
- Kentucky
- Category
- Education
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $367.4M (FY2013) to $651.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $700.3MNet assets $266.3M
Operating margin
2.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$966.6M
Total liabilities
$700.3M
Net assets
$266.3M
Salaries & benefits
$0
0% of expenses
Board members
13
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $651,047,384▲3.0% | $635,018,020▲7.6% | $266,327,221▲6.4% | $966,604,917▼1.1% | 990 |
| 2022 | $631,925,790▼6.4% | $589,921,931▼6.6% | $250,282,658▲20.2% | $977,253,553▲3.3% | 990 |
| 2021 | $675,356,464▲12.9% | $631,642,385▲16.8% | $208,280,183▲32.1% | $946,253,585▲318% | 990 |
| 2020 | $598,374,107▲17.2% | $540,984,744▲22.9% | $157,622,652▲57.2% | $226,534,794▲41.4% | 990 |
| 2019 | $510,749,298▲10.4% | $440,333,234▼2.4% | $100,237,589▲236% | $160,209,784▲30.3% | 990 |
| 2018 | $462,613,103▲8.3% | $451,123,965▲2.0% | $29,821,525▲62.7% | $122,946,158▲12.9% | 990 |
| 2017 | $427,128,688▲4.1% | $442,272,819▲4.7% | $18,332,387▼63.2% | $108,885,647▲2.8% | 990 |
| 2016 | $410,360,573▼0.1% | $422,491,125▲0.2% | $49,822,348▼19.6% | $105,868,858▼9.1% | 990 |
| 2015 | $410,849,918▲2.5% | $421,617,479▲3.9% | $61,952,900▼14.8% | $116,462,761▲3.3% | 990 |
| 2014 | $400,885,976▲9.1% | $405,948,567▲5.9% | $72,720,461▼6.5% | $112,774,387▼7.1% | 990 |
| 2013 | $367,392,218 | $383,427,715▲3.9% | $77,783,052▼11.1% | $121,339,222▲2.3% | 990 |
| 2012 | — | $369,082,174▼0.8% | $87,539,538▼22.7% | $118,616,223▼17.1% | 990 |
| 2011 | — | $371,929,340 | $113,315,513 | $143,021,535 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alfonso Cornish | Director | 0.5 | — |
| Brian F Lavin | Director | 0.5 | — |
| Charles Perusse | Vice President From 5/13/24 | 0.5 | — |
| Christopher Dischinger | Director From 4/25/24 | 0.5 | — |
| Daniel A Durbin | Vice President To 5/12/24 | 0.5 | — |
| Diane B Medley | Treasurer | 0.5 | — |
| Diane Porter | Vice Chair | 0.5 | — |
| Dr Beth Boehm | Former Vice President | — | — |
| Dr Kim Schatzel | President | 0.5 | — |
| Dr Raymond Burse | Director | 0.5 | — |
| Dr Thomas Gerard Bradley | Vice President | 0.5 | — |
| Eugene G Mueller | Director | 0.5 | — |
| James M Rogers | Secretary To 1/12/24 | 0.5 | — |
| Jerry Abramson | Director | 0.5 | — |
| Jon B Klein Md Phd | Vice President From 2/13/24 | 0.5 | — |
| Kevin H Gardner Phd | Vice President To 2/12/24 | 0.5 | — |
| Kevin Ledford | Director | 0.5 | — |
| Kyle J Beamer | Assistant Secretary | 0.5 | — |
| Larry Hayes | Director From 4/25/24 | 0.5 | — |
| Laurence Benz | Chair | 0.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| University of Louisville Physicians | Medical/healthcare | $17,735,195 |
| Calhoun Construction Services Inc | Construction Services | $5,558,553 |
| Render Pbc | Research Services | $2,468,216 |
| Univ of Ky Research Foundation | Research Services | $2,065,939 |
| Cardinal Health Inc | Medical Services | $1,369,435 |
Grants received · $29.4M total
178 grants to University of Louisville Research Foundation Inc totaling $29.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Research | 2024 | $1,274,413 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $317,846 |
| University of Miami | Research | 2024 | $126,825 |
| Cystic Fibrosis Foundation | Pilot study | 2024 | $55,827 |
| Public Health Institute | Research | 2024 | $42,300 |
| Mayo Clinic | Support charitable purpose | 2024 | $42,144 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $12,500 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $12,500 |
| University of Southern California | Subaward | 2023 | $1,451,090 |
| American Heart Association Inc | Research | 2023 | $1,034,318 |
| University of Pittsburgh | Research- subcontract | 2023 | $547,591 |
| Emory University | Research/subcontract | 2023 | $397,678 |
| Cystic Fibrosis Foundation | Cf care center | 2023 | $323,339 |
| Johns Hopkins University | Sub-award | 2023 | $237,935 |
| Vanderbilt University | Research | 2023 | $206,459 |
Grants made · $50K in FY2022
1 grant totaling $50K in FY2022. All grants made by University of Louisville Research Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Clinical Research Foundation Inc | Research support | $50,000 |
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Frequently asked questions
- Is University of Louisville Research Foundation Inc a legitimate nonprofit?
- Yes. University of Louisville Research Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-1029626, based in Louisville, Kentucky. Donations are tax-deductible.
- What is University of Louisville Research Foundation Inc's EIN?
- University of Louisville Research Foundation Inc's Employer Identification Number (EIN) is 61-1029626.
- How much revenue does University of Louisville Research Foundation Inc report?
- University of Louisville Research Foundation Inc reported $651,047,384 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University of Louisville Research Foundation Inc's spending goes to programs?
- University of Louisville Research Foundation Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Louisville Research Foundation Inc have?
- CharityIndex grades University of Louisville Research Foundation Inc A+, based on program efficiency and fundraising cost.
- How much does University of Louisville Research Foundation Inc's highest-paid employee make?
- The highest reported compensation on University of Louisville Research Foundation Inc's latest Form 990 is $0, paid to Alfonso Cornish (Director).
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Explore more
Data for University of Louisville Research Foundation Inc (EIN 61-1029626) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.