Form 990 for tax year 2022
Filed by LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $21,350,030
- Total expenses
- $26,348,417
- Contributions and grants received
- $21,151,399
- Grants paid
- $21,903,002
- Program service revenue
- $0
- Investment income
- $198,631
- Other revenue
- $0
- Total assets, end of year
- $88,271,663
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $88,271,663
- Program services expenses (Part IX)
- $26,266,817
- Management and general expenses
- $81,600
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $26,266,817
Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$67,000
-
1e · Government grants (contributions)
$21,084,399
-
3 · Investment income
total $198,631 · excluded $198,631
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $21,903,002 · program services $21,903,002
-
11b · Fees: legal
total $150 · management and general $150
-
11c · Fees: accounting
total $81,450 · management and general $81,450
-
22 · Depreciation, depletion and amortization
total $4,363,815 · program services $4,363,815
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,332,767 · end of year $1,995,794
-
4 · Accounts receivable
beginning of year $2,121,077 · end of year $3,824,299
-
14 · Intangible assets
beginning of year $86,815,385 · end of year $82,451,570
-
25 · Other liabilities
beginning of year $1,999,179 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $93,270,050 · end of year $88,271,663
Mission and programs · 2022
Mission
TO HOLD AND ADMINISTER TAX INCREMENT FINANCING (TIF) FOR REAL ESTATE PROJECTS.
-
TO HOLD AND ADMINISTER TAX INCREMENT FINANCING FOR THE LOUISVILLE LIFE AND HEALTH SCIENCES SIGNATURE TIF PROJECT AND UNIVERSITY OF LOUISVILLE RESEARCH PARK PROJECT.
Expenses $26,266,817 · Grants $21,903,002
As filed on the 2022 return.
Listed in Part VII
-
Scott BrinkmanSCOTT BRINKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jessica ColeJESSICA COLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Charlie DahlemCHARLIE DAHLEM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jill ForceJILL FORCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Steve GaultSTEVE GAULT
VICE CHAIR & SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mariah GratzMARIAH GRATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Craig HawleyCRAIG HAWLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Mark NickelMARK NICKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Kim SchatzelKIM SCHATZEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Powell SpearsPOWELL SPEARS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Keith ShermanKEITH SHERMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 27.5 related
-
Paul CarricoPAUL CARRICO
DIRECTOR (PREVIOUS)
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Lori GonzalezLORI GONZALEZ
DIRECTOR (PREVIOUS)
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Ken PayneKEN PAYNE
DIRECTOR (PREVIOUS)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Earl ReedEARL REED
DIRECTOR (PREVIOUS)
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Sandy Metts SnowdenSANDY METTS SNOWDEN
DIRECTOR (PREVIOUS)
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC
501(C)(3) · REAL ESTATE · KY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
CAMPUS TWO LLC
REAL ESTATE · KY
-
CAMPUS THREE LLC
REAL ESTATE · KY
-
MEDCENTER PARKING LLC
REAL ESTATE · KY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421309349300507
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