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THE FOUNDATION SUPPORTS THE UNIVERSITY OF LOUISVILLE (SEE SCHEDULE O) THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE PROMOTING THE UNIVERSITY'S DEPARTMENTS IN THEIR EDUCATIONAL, SCIENTIFIC, AND LITERARY EFFORTS AND ENTERPRISES.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$65.9M
Program Spending
94%
of total expenses go to program services
Total Contributions
$59.2M
Total Expenses
▼$75.8M
Total Assets
$1.2B
Total Liabilities
▼$62.8M
Net Assets
$1.1B
Officer Compensation
→$377.8K
Other Salaries
$1.9M
Investment Income
$118.1K
Fundraising
▼N/A
Tax Year 2023 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $65.8M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
UNIVERSITY OF LOUISVILLE61-1014882 | LOUISVILLE, KY | $58.5M | Cash | OPERATIONAL AND DEVELOPMENT SUPPORT |
U OF L HEALTH - LOUISVILLE INC84-3178470 | LOUISVILLE, KY | $7.3M | Cash | GENERAL SUPPORT |
| Total | $65.8M | |||
LOUISVILLE, KY
$58.5M
LOUISVILLE, KY
$7.3M
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $65.9M | $59.2M | $75.8M | $1.2B | $1.1B |
| 2022IRS e-File | $52.8M | $46.4M | $79.4M | $1.1B | $994.9M |
| 2021 | $43.5M | $39.3M | $63.8M | $1.1B | $1B |
| 2020 | $66.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Keith Sherman | Executive Director & COO | 27.5 | $292.8K | $0 | $47.5K | $340.3K |
| Jill Force | Chair | 1 | $0 | $0 | $0 | $0 |
| Larry Mcdonald | Secretary | 1 | $0 | $0 | $0 | $0 |
| Jim Boone | Vice Chair | 1 | $0 | $0 | $0 | $0 |
Keith Sherman
Executive Director & COO
$340.3K
Hrs/Wk
27.5
Compensation
$292.8K
Related Orgs
$0
Other
$47.5K
Jill Force
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Larry Mcdonald
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jim Boone
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Justin Ruhl | Controller | 41 | $131.7K | $0 | $43.2K | $174.9K |
| Regina Lanskwert | Director Of Administration | 43 | $128.2K | $0 | $44.1K | $172.2K |
Justin Ruhl
Controller
$174.9K
Hrs/Wk
41
Compensation
$131.7K
Related Orgs
$0
Other
$43.2K
Regina Lanskwert
Director Of Administration
$172.2K
Hrs/Wk
43
Compensation
$128.2K
Related Orgs
$0
Other
$44.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Al Cornish | Director | 0.5 | $0 | $0 | $0 | $0 |
| Chris Dischinger | Director | 0.5 | $0 | $0 | $0 | $0 |
| David Anderson | Director | 0.5 | $0 | $0 | $0 | $0 |
| David Krebs | Director (previous) | 0.5 | $0 | $0 | $0 | $0 |
| Diane Medley | Director | 0.5 | $0 | $0 | $0 | $0 |
| Ernest Brooks | Director |
Al Cornish
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Chris Dischinger
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
David Anderson
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $62.3M |
| $83.1M |
| $841.9M |
| $776.2M |
| 2019 | $57.4M | $40.9M | $75.9M | $861.6M | $793.5M |
| 2018 | $71.8M | $36.3M | $84.7M | $866.5M | $790.9M |
| 2017 | $53.9M | $29.1M | $99.6M | $877.1M | $774.8M |
| 2016 | $71.1M | $55M | $152.7M | $870M | $751.6M |
| 2015 | $66.5M | $49.4M | $104.3M | $981.7M | $835.8M |
| 2014 | $84.7M | $50.2M | $108.6M | $1.1B | $893.6M |
| 2013 | $69.4M | $39.5M | $87M | $957.1M | $825.3M |
| 2012 | $70.8M | $55.9M | $82.4M | $921.5M | $791.4M |
| 2011 | $57.1M | $39.7M | $83.4M | $961.1M | $815.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Eugene Mueller | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jerry Abramson | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jessica Cole | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jim Rogers | Director (previous) | 0.5 | $0 | $0 | $0 | $0 |
| John Thompson | Director (previous) | 0.5 | $0 | $0 | $0 | $0 |
| Katie Hayden | Director | 0.5 | $0 | $0 | $0 | $0 |
| Kevin Ledford | Director | 0.5 | $0 | $0 | $0 | $0 |
| Kim Schatzel | Director | 0.5 | $0 | $0 | $0 | $0 |
| Mark Nickel | Director (previous) | 1 | $0 | $0 | $0 | $0 |
| Mary Nixon | Director (previous) | 0.5 | $0 | $0 | $0 | $0 |
| Matt Carper | Director | 0.5 | $0 | $0 | $0 | $0 |
| Rudy Spencer | Director | 0.5 | $0 | $0 | $0 | $0 |
| Scott Brinkman | Director | 0.5 | $0 | $0 | $0 | $0 |
| Sofya Alterman | Director | 0.5 | $0 | $0 | $0 | $0 |
David Krebs
Director (previous)
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Diane Medley
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Ernest Brooks
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Eugene Mueller
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jerry Abramson
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jessica Cole
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jim Rogers
Director (previous)
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
John Thompson
Director (previous)
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Katie Hayden
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kevin Ledford
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kim Schatzel
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mark Nickel
Director (previous)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mary Nixon
Director (previous)
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Matt Carper
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Rudy Spencer
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Scott Brinkman
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Sofya Alterman
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0