2024-05-14T20:24:33-05:00 2023-06-30 390859910 BAKER TILLY US LLP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2022-07-01 952138184 LUNDQUIST INSTITUTE FOR BIOMEDICAL INNOVATION AT HARBOR-UCLA MEDICAL CENTER LUND 3102223605 1124 W CARSON ST MRL BLDG TORRANCE CA 90502 MICHAEL JONES CFO 3102223605 2024-05-14 1 MICHAEL JONES 999009999 0 BRIAN YACKER P00401346 9492222999 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE LUNDQUIST INSTITUTE DAVID MEYER 1124 W CARSON ST MRL BLDG TORRANCE CA 90502 95658107 0 X WWW.LUNDQUIST.ORG X 1952 CA TO ENGAGE IN BIOMEDICAL RESEARCH, EDUCATE, AND PROVIDE COMMUNITY HEALTH SERVICES. 24 18 768 900 0 0 76206286 83433111 4417000 4686360 1244273 1450057 3286202 2055534 85153761 91625062 3967899 515624 0 0 53100307 57498592 0 0 1384694 34900555 41174846 91968761 99189062 -6815000 -7564000 185346000 169678000 98282000 87838000 87064000 81840000 X TO ENGAGE IN BIOMEDICAL RESEARCH, TRAIN YOUNG SCIENTISTS, AND PROVIDE COMMUNITY HEALTH SERVICES. 0 0 39472000 515624 MEDICAL RESEARCH: MEDICAL RESEARCH, SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH AND OTHER FEDERAL, STATE AND PRIVATE AGENCIES, COVERING MANY DIVERSE MEDICAL AND SCIENTIFIC AREAS OF INTEREST IN HUMAN HEALTH. 15241000 4229415 HEALTH CARE PROGRAM: LUNDQUIST INSTITUTE CLINICAL OUTREACH INCLUDES WOMEN, INFANTS AND CHILDREN (WIC) CLINICS, PARTICIPATION IN THE SOUTH LOS ANGELES BEST BABIES COLLABORATIVE, IMMUNIZE LA KIDS COALITION, NEWBORN SCREENING PROGRAM, PERINATAL ACCESS PROGRAM, A WOMEN'S HEALTHCARE CLINIC, AND VARIOUS EDUCATIONAL PROGRAMS. 9283000 SCIENCE & TECHNOLOGY: TRAINING OF MEDICAL STUDENTS, INTERNS, RESIDENTS, AND POST GRADUATES. 3139000 456945 OTHER PROGRAM SERVICES: INCLUDES SALES OF BIOMEDICAL SERVICES AND PRODUCTS AND ROYALTY PAYMENTS TO INVENTORS. 3139000 456945 67135000 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 358 0 1 768 1 0 0 0 0 0 1 0 0 0 0 0 0 0 X 24 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X THE ORGANIZATION 3102223605 1124 W CARSON ST MRL BLDG TORRANCE CA 90502 X RICARDO AZZIZ EVP/OPERATIONS/STRATEGY/SCI. AFFAIRS 40.00 X 643436 0 26546 DAVID MEYER PRESIDENT & CEO 40.00 X X 661105 0 710 ASHRAF IBRAHIM INVESTIGATOR 40.00 X 440446 0 28058 WEI YAN INVESTIGATOR 40.00 X 333735 0 10924 MATTHEW BUDOFF INVESTIGATOR 40.00 X 275790 0 27918 JODY SPILLANE SVP, PUBLIC AFFAIRS 40.00 X 294603 0 846 ROSEMARY MADNICK VP, RESEARCH ADMINISTRATION 40.00 X 234217 0 32785 KAREN MAYO VP, SUPPORT OPERATIONS 40.00 X 221321 0 23799 MICHAEL YEAMAN INVESTIGATOR 40.00 X 230398 0 0 MS LYNDA POLGREEN BOARD MEMBER/INVESTIGATOR 40.00 X 215218 0 804 YAN XIONG INVESTIGATOR 40.00 X 213788 0 0 JOHN MUNZ VP, HUMAN RESOURCES 40.00 X 200731 0 1113 DR HARRY ROSSITER BOARD MEMBER/INVESTIGATOR 40.00 X 172475 0 644 MICHAEL JONES SVP & CFO 40.00 X 106504 0 9255 DR ERIC DAAR BOARD MEMBER/INVESTIGATOR/VICE CHAIR 40.00 X X 108109 0 0 DR LYNNE SMITH SECRETARY/BOARD MEMBER/INVESTIGATOR 40.00 X X 88249 0 0 DR DELPHINE LEE BOARD MEMBER/INVESTIGATOR 40.00 X 19756 0 0 DR MITCHEL SAYARE BOARD CHAIR, CHAIR - EXECUTIVE 2.00 X X 0 0 0 MR PAUL KUC CHAIR - FINANCE, TREASURER 2.00 X X 0 0 0 MR SAM GLICK CHAIR - ADVANCEMENT, VICE CHAIR 2.00 X 0 0 0 MR STEVEN NISSEN CHAIR - GOVERNANCE & NOMINATIONS 2.00 X 0 0 0 MS LAURA SURVANT CHAIR - EXECUTIVE COMPENSATION 2.00 X 0 0 0 MR JOSEPH BERENATO CHAIR - AUDIT/RISK MANAGEMENT 2.00 X 0 0 0 MR H FREDERICK CHRISTIE BOARD MEMBER 2.00 X 0 0 0 DR CHRISTIAN DEVIRGILIO BOARD MEMBER 2.00 X 0 0 0 MR CARL DICKERSON BOARD MEMBER 2.00 X 0 0 0 DR DAVID HEBER BOARD MEMBER 2.00 X 0 0 0 MR NATE KIRTMAN BOARD MEMBER 2.00 X 0 0 0 MR TOM ANASTASSIOU BOARD MEMBER 2.00 X 0 0 0 DR CHRISTOPHER LEE BOARD MEMBER 2.00 X 0 0 0 MR RICHARD LUNDQUIST BOARD MEMBER 2.00 X 0 0 0 DR ANISH MAHAJAN BOARD MEMBER 2.00 X 0 0 0 MR DANIEL ROSENFELD BOARD MEMBER 2.00 X 0 0 0 DR SAMUEL TARICA BOARD MEMBER 2.00 X 0 0 0 DR JOSEPH THOMAS BOARD MEMBER/INVESTIGATOR 2.00 X 0 0 0 4459881 0 163402 98 0 1 0 ZIMMER GUNSUL FRASCA ARCHITECTS LLP 1223 SW WASHINGTON ST STE 200 PORTLAND OR 97205 ARCHITECT PROFESSIONAL SERVICES 1028403 CHRISTIAN BROTHERS MECHANICAL SERVICES 11140 THURSTON LANE MIRA LOMA CA 91752 BUILDING & EQUIPMENT MAINTENANCE 300529 NISSEN CONSULTING GROUP 11271 VENTURA BLVD STE 292 STUDIO CITY CA 91604 CONSULTING PROFESSIONAL SERVICES 279925 MEL SMITH ELECTRIC INC 10950 DALE STREET STANTON CA 906802732 BUIDING & EQUIPMENT MAINTENANCE 246739 LUX VENTURES INC DBA PUBLIC COMM STR 1107 FAIR OAKS AVE STE 225 SOUTH PASADENA CA 91030 PROFESSIONAL SERVICES 213828 16 75493000 7940111 83433111 CLINICAL BILLINGS 900099 4229415 4229415 BIOMEDICAL SERVICES 900099 456945 456945 4686360 1351057 1351057 1823000 1823000 290579 36739 253840 253840 253840 4063000 3964000 99000 99000 99000 11000 32306 -21306 -21306 91625062 4686360 0 3505591 515624 515624 3099340 1859603 1239737 42397289 33963175 7738114 696000 8869837 6655444 2047629 166764 3132126 2345466 728361 58299 577025 57000 520025 156975 156975 90000 90000 119107 119107 737000 576000 161000 611000 611000 309000 309000 8248261 3554000 4685261 9000 1657000 1444000 164000 49000 2409000 2409000 6466000 6466000 1524408 734312 782159 7937 SUPPLIES AND SERVICES 13231694 10180000 2654000 397694 SUBCONTRACTS 3935376 3935376 FELLOWSHIPS 758000 571000 187000 RESEARCH SUBJECTS 333000 333000 12000 12000 99189062 67135000 30669368 1384694 10681522 4747845 33015478 16097155 16295000 20368000 275000 845000 619000 168681751 82606000 87341751 86075751 31479000 31828000 5249 5249 5683000 9662000 185346000 169678000 12141000 11991000 12797000 14120000 53168314 52108000 14863686 5312000 9619000 98282000 87838000 X 74584000 66166000 12480000 15674000 87064000 81840000 185346000 169678000 X -7564000 2578000 -238000 X X 0 1 X 1 1 1 X 75710064 69643631 74430422 76206286 83433111 379423514 75710064 69643631 74430422 76206286 83433111 379423514 18730702 360692812 19091472 21159144 11052150 4273964 3464636 59041366 438464880 17067248 0.82260 0.79210 X SCHEDULE A, PART I, LINES 4 AND 7 LUNDQUIST INSTITUTE FOR BIOMEDICAL INNOVATION AT HARBOR UCLA MEDICAL CENTER HAS BEEN GRANTED PUBLIC CHARITY STATUS BY THE IRS BECAUSE IT IS A MEDICAL RESEARCH ORGANIZATION OPERATED IN CONJUNCTION WITH HARBOR-UCLA MEDICAL CENTER IN TORRANCE, CALIFORNIA, A HOSPITAL AS DESCRIBED IN SECTION 170(B)(1)(A)(III) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS COMPLETING SCHEDULE A, PART II TO DEMONSTRATE THAT IT RECEIVES A SUBSTANTIAL AMOUNT OF ITS SUPPORT FROM A GOVERNMENT UNIT OR FROM THE GENERAL PUBLIC AS DESCRIBED IN SECTION 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 90000 90000 74895694 74985694 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 90000 90000 180000 250000 250000 250000 250000 1000000 1500000 5877857 100000 710000 6687857 6907000 400000 -1429143 5877857 4764000 35301 2107699 6907000 4206000 145603 412397 4764000 3567984 81344 556672 4206000 0.23000 0.77000 0.00000 0 0 1750217 1750217 97112527 26667216 70445311 20104473 15504576 4599897 43867713 40434208 3433505 5846821 5846821 86075751 DEFERRED COMPENSATION 6082000 FINANCING LEASE RIGHT-OF-USE ASSET, NET 688000 OPERATING LEASE RIGHT-OF-USE ASSET, NET 2892000 9662000 DEFERRED COMPENSATION 6082000 FINANCING LEASE LIABILITIES 614000 OPERATING LEASE LIABILITIES 2923000 9619000 X 94153000 2578000 2578000 91575000 119107 -69045 50062 91625062 99139000 69045 69045 99069955 119107 119107 99189062 PART V, LINE 4: LUNDQUIST INSTITUTE ENDOWMENT FUNDS ARE INVESTED AND MANAGED ACCORDING TO THEIR INVESTMENT AND SPENDING POLICIES. THESE POLICIES ATTEMPT TO PROVIDE A CONSISTENT RETURN ON ASSETS IN ORDER TO ACHIEVE A STABLE STREAM OF FUNDING FOR PROGRAMS SUPPORTED BY LUNDQUIST INSTITUTE'S ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE INSTITUTE HAS RECEIVED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE AND CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SECTION 23701D OF THE REVENUE AND TAXATION CODE, RESPECTIVELY. THE INSTITUTE RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE INSTITUTE IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA PURPOSES IS FOUR YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -36,739. SPECIAL EVENT EXPENSE -32,306. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 36,739. SPECIAL EVENT EXPENSE 32,306. 1 EUROPE 0 0 PROGRAM SERVICES GRANTS FOR GENERAL OPERATIONS 213938 SOUTH AMERICA 0 0 PROGRAM SERVICES GRANTS FOR GENERAL OPERATIONS 193960 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES GRANTS FOR GENERAL OPERATIONS 107726 0 0 0 0 0 0 515624 0 515624 SOUTH AMERICA SUPPORT GENERAL OPERATIONS 68748 ELECTRONIC FUND 0 EUROPE SUPPORT GENERAL OPERATIONS 87530 ELECTRONIC FUND 0 EUROPE SUPPORT GENERAL OPERATIONS 126408 ELECTRONIC FUND 0 SOUTH AMERICA SUPPORT GENERAL OPERATIONS 123762 ELECTRONIC FUND 0 SUB-SAHARAN AFRICA SUPPORT GENERAL OPERATIONS 107726 ELECTRONIC FUND 0 5 0 0 0 0 0 0 0 PART I, LINE 2: THE PROPER PRE-GRANT DUE DILIGENCE IS CONDUCTED BY LUNDQUIST TO ENSURE THAT THE GRANT RECIPIENT IS TRULY CHARITABLE AND FUNDS ARE USED APPROPRIATELY. PART I, LINE 3: ACCOUNTING METHOD USED FOR EXPENDITURES IS FAIR MARKET VALUE. PART III ACCOUNTING METHOD: X X X X X 0 0 0 0 0 0 0 0 0 RICARDO AZZIZ EVP/OPERATIONS/STRATEGY/SCI. AFFAIRS 601013 0 42423 0 0 0 0 0 26546 0 669982 0 0 0 DAVID MEYER PRESIDENT & CEO 499517 0 161588 0 0 0 0 0 710 0 661815 0 0 0 ASHRAF IBRAHIM INVESTIGATOR 440446 0 0 0 0 0 0 0 28058 0 468504 0 0 0 WEI YAN INVESTIGATOR 333735 0 0 0 0 0 0 0 10924 0 344659 0 0 0 MATTHEW BUDOFF INVESTIGATOR 275790 0 0 0 0 0 0 0 27918 0 303708 0 0 0 JODY SPILLANE SVP, PUBLIC AFFAIRS 294603 0 0 0 0 0 0 0 846 0 295449 0 0 0 ROSEMARY MADNICK VP, RESEARCH ADMINISTRATION 234217 0 0 0 0 0 0 0 32785 0 267002 0 0 0 KAREN MAYO VP, SUPPORT OPERATIONS 221321 0 0 0 0 0 0 0 23799 0 245120 0 0 0 MICHAEL YEAMAN INVESTIGATOR 230398 0 0 0 0 0 0 0 0 0 230398 0 0 0 MS LYNDA POLGREEN BOARD MEMBER/INVESTIGATOR 215218 0 0 0 0 0 0 0 804 0 216022 0 0 0 YAN XIONG INVESTIGATOR 213788 0 0 0 0 0 0 0 0 0 213788 0 0 0 JOHN MUNZ VP, HUMAN RESOURCES 200731 0 0 0 0 0 0 0 1113 0 201844 0 0 0 DR HARRY ROSSITER BOARD MEMBER/INVESTIGATOR 172475 0 0 0 0 0 0 0 644 0 173119 0 0 0 A CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY 521643828 13032USJ8 2018-08-28 56117420 CONSTRUCTION RESEARCH BUILDING AND OTHER CAPITAL IMPROVEMENTS 0 0 0 A 56117420 13912183 993871 30973755 10237611 0 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 1 DEUTSCHE BANK AG 4.400000000000 1 0 1 A 1 PART II, LINE 6: A PORTION OF THE PROCEEDS OF THE BONDS, IN THE AMOUNT OF $14,107,642, WAS DEPOSITED IN AN IRREVOCABLE ESCROW FUND AND INVESTED IN INVESTMENTS HAVING A YIELD NOT IN EXCESS OF THE YIELD ON THE BONDS. THE CASH-FLOWS FROM WHICH WERE AND ARE TO BE USED TO PAY DEBT SERVICE ON A DIRECT TAXABLE LOAN THROUGH DECEMBER 29, 2022, AND TO RETIRE SUCH DIRECT TAXABLE LOAN ON SUCH DATE. A PAYMENT OF $500,000 TOWARDS THE DIRECT TAXABLE LOAN WAS MADE ON SEPTEMBER 4, 2019. PART II, LINE 15: ALTHOUGH THE BONDS WERE NOT ISSUED AS PART OF REFUNDING ISSUE OF TAXABLE BONDS, A PORTION OF THE PROCEEDS OF THE BONDS, IN THE AMOUNT OF $14,107,642, WAS USED TO REFUND A DIRECT TAXABLE LOAN, WHICH TAXABLE LOAN IS SCHEDULED TO BE FULLY REPAID ON DECEMBER 29, 2022. FORM 990, PART 1, LINE 16B: FUNDRAISING EXPENSES THE ENTITY RECEIVES THE VAST MAJORITY OF ITS FUNDING ON AN ANNUAL BASIS FROM FEDERAL, STATE AND COUNTY GOVERNMENTAL SOURCES. THE ENTITY SPENDS A RELATIVELY SMALL AMOUNT OF EXPENSES IN OBTAINING GOVERNMENT FUNDING, DUE TO THE LARGE NATURE OF GOVERNMENT GRANTS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE WILL REVIEW THE PRELIMINARY TAX RETURN AND ASK RELEVANT QUESTIONS TO THE PREPARER PRIOR TO THE FILING OF THE TAX RETURN. A COPY OF THE FINAL DRAFT OF THE RETURN WILL BE FORWARDED TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, INSIDERS, AND SENIOR MANAGEMENT MUST READ AND SIGN OFF ON A CONFLICT OF INTEREST POLICY. EVERY BOARD MEMBER IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST AND REASONABLE EFFORTS QUESTIONNAIRE. UPON THE IDENTIFICATION OF ANY CONFLICTS, THE CHAIRMAN AND THE BOARD WILL DETERMINE THE PROPER PROCEDURE FOR ADDRESSING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT DETERMINES THE COMPENSATION OF THE EXECUTIVE DIRECTOR OF THE ORGANIZATION INDEPENDENTLY AND THROUGH THE USE OF COMPENSATION STUDIES AND COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND OTHER ORGANIZATION GOVERNING DOCUMENTS ARE HELD AT LUNDQUIST INSTITUTE'S OFFICE AND ARE AVAILABLE TO THE PUBLIC BY WRITTEN OR VERBAL REQUEST. A COPY OF THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VII: COMPENSATION OF INVESTIGATORS AND RESEARCHERS SOME OF THE BOARD MEMBERS RECEIVE COMPENSATION AS A RESULT OF THEIR EMPLOYMENT AS INVESTIGATORS/RESEARCHERS. FOR THE MOST PART, COMPENSATION PAID TO RESEARCHERS AND INVESTIGATORS IS BASED ON RATES APPROVED BY THIRD PARTY SPONSORING AGENCIES, TAKING INTO ACCOUNT THE SPECIALIZED KNOWLEDGE AND OVERSIGHT DUTIES OF THE RESEARCHERS AND INVESTIGATORS FOR THE PROJECTS UNDER THEIR DIRECTION. SUCH AMOUNTS ARE NOT DETERMINED BY ANY INSIDER OF THE ORGANIZATION. FORM 990, PART XI, LINE 9: FAS 158 - POST RETIREMENT ADJUSTMENTS -238,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. LOS ANGELES BIOMEDICAL RESEARCH FOUNDATION 1124 W CARSON STREET BLDG J-3 TORRANCE CA 90502 330781895 SUPPORT ORGANIZATION CA 501(C)(3) LINE 12C, III-FI LUNDQUIST INSTITUTE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0