2023-05-01T12:40:51-05:00 2022-06-30 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2021-07-01 721402222 LSU HEALTH SCIENCES FOUNDATION IN SHREVEPORT LSUH 3188610855 920 PIERREMONT RD 506 SHREVEPORT LA 71106 KEVIN FLOOD CEO 3188610855 2023-04-24 1 KEVIN FLOOD 999009999 AIMEE P MCFARLAND P01492592 3184291525 2023-04-26 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KEVIN FLOOD 920 PIERREMONT RD 506 SHREVEPORT LA 71106 31965081 0 X WWW.LSUHSFOUNDATION.ORG X 1997 LA THE SOLE MISSION OF THE FOUNDATION IS TO INSPIRE DONORS TO INVEST IN LSU HEALTH SHREVEPORT AND TO PROPERLY STEWARD CONTRIBUTIONS TOWARD ITS SUPPORT. 21 21 14 25 0 0 34418244 8016576 0 0 18741605 3051153 788368 675610 53948217 11743339 15308759 19948531 0 0 1091984 1046663 0 0 1100050 586249 755042 16986992 21750236 36961225 -10006897 312345482 270688271 93637231 87270209 218708251 183418062 THE SOLE MISSION OF THE FOUNDATION IS TO SUPPORT, ENHANCE AND ASSIST THE LSU HEALTH SCIENCES CENTER AT SHREVEPORT IN ITS MANY ENDEAVORS. 0 0 19948531 19948531 THE SOLE MISSION OF THE LSU HEALTH SCIENCES FOUNDATION IS TO SUPPORT, ENHANCE AND ASSIST THE LSU MEDICAL CENTER IN SHREVEPORT. THE FOUNDATION WILL ACCOMPLISH THIS MISSION BY:1) EXPANDING THE AWARENESS OF THE MEDICAL CENTER'S MANY CONTRIBUTIONS TO MEDICAL RESEARCH, EDUCATION OF MEDICAL PROFESSIONS AND QUALITY HEALTH CARE.2) DEVELOPING AND ENHANCING FINANCIAL SUPPORT FOR THE ENDEAVORS OF THE MEDICAL CENTER IN SHREVEPORT.3) PROVIDING THE MEANS THROUGH WHICH FINANCIAL SUPPORT IS RECEIVED AND ADMINISTERED. 19948531 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 72 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X THE ORGANIZATION 3188610855 920 PIERREMONT RD 506 SHREVEPORT LA 71106 DAVID ABDEHOU DIRECTOR 2.00 0.50 X 0 0 0 LEE ABRAHAM III DIRECTOR 2.00 0.50 X 0 0 0 SHANE BRIDGES DIRECTOR/PROPERTY CHAIR 2.00 0.50 X 0 0 0 BILL COMEGYS DIRECTOR/INVESTMENT CHAIR 2.00 0.50 X 0 0 0 MICHAEL BUSADA DIRECTOR 2.00 0.50 X 0 0 0 MARK GARRETT DIRECTOR 2.00 0.50 X 0 0 0 NANCY GERMANY DIRECTOR/ALUMNI COUNCIL CH 2.00 0.50 X 0 0 0 PATRICK HARRISON DIRECTOR 2.00 0.50 X 0 0 0 JAMES HOBLEY DIRECTOR 2.00 0.50 X 0 0 0 JERRY JONES DIRECTOR 2.00 0.50 X 0 0 0 ROB KING III DIRECTOR 2.00 0.50 X 0 0 0 RAY LASSEIGNE TREASURER/FINANCE CHAIR 2.00 0.50 X X 0 0 0 DENNIS O'CALLAGHAN DIRECTOR 2.00 0.50 X 0 0 0 ASHLEY PRINCE DIRECTOR 2.00 0.50 X 0 0 0 BUBBA RASBERRY DIRECTOR/GOVERNANCE CHAIR 2.00 0.50 X 0 0 0 JOHN EVANS DIRECTOR 2.00 0.50 X 0 0 0 VALARIE JAMISON SECRETARY/AUDIT CHAIR 2.00 0.50 X X 0 0 0 TOM OSTENDORFF III VICE CHAIR/DEVELOPMENT CHA 2.00 0.50 X X 0 0 0 SUSAN MOFFITT DIRECTOR 2.00 0.50 X 0 0 0 ARMAND ROOS CHAIR 6.00 0.50 X X 0 0 0 DONALD POSNER DIRECTOR 2.00 0.50 X 0 0 0 KEVIN FLOOD PRESIDENT & CEO 40.00 0.50 X 161642 0 14099 BRIGETTE ROSE EXECTUIVE VP & CFO 40.00 0.50 X 146958 0 12939 JESSE GILMORE VP OF DEVELOPMENT 40.00 0.50 X 106173 0 11235 414773 0 38273 3 0 1 0 0 532903 7483673 203678 8016576 3240 3240 22997797 19949884 3047913 3047913 3047913 59000 532903 271858 -212858 -212858 MANAGEMENT FEE INCOME 541610 888149 888149 OTHER INCOME 541610 319 319 888468 11743339 888468 0 2838295 19948531 19948531 327787 238486 89301 564036 152441 411595 88248 38683 49565 66592 29214 37378 3836 3836 82675 82675 256105 15275 240830 1550 1550 24523 10545 13978 65427 28134 37293 2634 263 2371 8988 4494 4494 32391 32391 OTHER FUNDRAISING COSTS 124682 124682 PRINTING 43152 43152 MAINTENANCE AGREEMENTS 31434 18860 12574 POSTAGE 15954 7977 7977 61691 38381 23310 21750236 19948531 701655 1100050 2092033 2408374 29934532 24196125 189814 193653 23263 29391 83799 83799 0 0 273489112 236681061 180227 207912 6436501 6971755 312345482 270688271 1984406 4459354 78578071 71415783 13074754 11395072 93637231 87270209 X 27388492 25833772 191319759 157584290 218708251 183418062 312345482 270688271 X -10006897 -25108250 -175046 4 X X 0 1 X 1 0 X X 1 LSU HEALTH SCIENCES CENTER 720702002 3 1 19948531 0 1 19948531 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IV, SEC B, QUESTION 1 THERE IS AN AFFILIATION AGREEMENT BETWEEN THE FOUNDATION AND THE LSU BOARD OF SUPERVISORS, WHICH DEFINES AND GOVERNS RESPONSIBILITIES AND AUTHORITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 281244 281244 21468990 21750234 1000000 250000 0 0 449156 477188 1000000 1000000 2926344 4389516 60000 86255 128431 281244 555930 112289 119297 250000 250000 731586 1097379 PART II-B, LINE 1: THE FOUNDATION PAID $60,000 TO SOUTHERN STRATEGY, A PROFESSIONAL LOBBYING ORGANIZATION, FOR THE PURPOSE OF OBTAINING ADDITIONAL FUNDING FOR THE LSU HEALTH SCIENCES CENTER. THE REMAINING $26,244 WAS PAID TO ADAMS & REESE, A PROFESSIONAL LOBBYING ORGANIZATION FOR REPRESENTING THE ENTIRE LSU SYSTEM, AND $195,000 TO THE ROOSEVELT GROUP TO REPRESENT THE LSU HEALTH SCIENCES CENTER. 0 1 X 146790342 4323351 -19837457 7143036 2022818 122110382 115653271 1729310 35108328 3780212 1920355 146790342 114766090 1121251 5457536 4041849 1649757 115653271 117511313 2805561 -47201 3929885 1573698 114766090 112993198 1390823 8851951 4096332 1628327 117511313 0.68735 0.11668 0.19597 0 0 83799 83799 0 0 DUE TO LSU HEALTH SHREVEPORT-BOR 11395072 11395072 X -13167426 -25108250 100673 -25007577 11840151 175046 -271858 -96812 11743339 22143295 393061 393061 21750234 2 2 21750236 PART IV, LINE 2B: IN 1986, THE LSU BOARD OF SUPERVISORS RECEIVED A SUBSTANTIAL MONETARY BEQUEST FROM MALCOLM W. FEIST, WHO SPECIFIED IN HIS TESTAMENT THAT THE BEQUEST WAS TO BE USED FOR THE BENEFIT OF LSU HEALTH SCIENCES CENTER AT SHREVEPORT. AN AGREEMENT WAS EXECUTED ON MAY 9, 2012 BETWEEN THE LSU BOARD OF SUPERVISORS AND THE FOUNDATION AUTHORIZING THE FOUNDATION TO PROVIDE MANAGEMENT AND INVESTMENT SERVICES FOR THESE FUNDS, IN RETURN FOR WHICH THE FOUNDATION IS ENTITLED TO A MONTHLY MANAGEMENT FEE. THE AGREEMENT IS EFFECTIVE JULY 1, 2012. THE AGREEMENT SPECIFIES THAT MFEIST LEGACY FUNDS WILL REMAIN STATE FUNDS OWNED BY THE BOARD OF SUPERVISORS. THE FUNDS WILL BE USED FOR PURPOSES CONSISTENT WITH THE DONOR'S EXPRESS INTENT AND DEEMED APPROPRIATE BY THE CHANCELLOR OF LSU HEALTH SCIENCES CENTER AT SHREVEPORT; THE CHANCELLOR'S APPROVAL IS REQUIRED FOR WITHDRAWAL. WHILE THE FUNDS REMAIN STATE-OWNED, THE FOUNDATION WILL ACT AS AGENT AS DESCRIBED IN THE PROVISIONS OF FASB ASC 958, AND THEREFORE RECORD AN ASSET AND LIABILITY FOR THE AMOUNT TRANSFERRED. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT, ENHANCE AND ASSIST THE LSU HEALTH SCIENCES CENTER AT SHREVEPORT IN ITS MANY ENDEAVORS. PART X, LINE 2: THE LSU HEALTH SCIENCES FOUNDATION IN SHREVEPORT AND THE LSU HEALTH SCIENCES BUILDING FOUNDATION IN SHREVEPORT QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS, BUT THE FOUNDATION AND BUILDING FOUNDATION ARE REQUIRED TO FILE AN ANNUAL INFORMATION RETURN. THE FOUNDATION AND BUILDING FOUNDATION ARE ALSO REQUIRED TO REVIEW VARIOUS TAX POSITIONS THEY HAVE TAKEN WITH RESPECT TO THEIR EXEMPT STATUS AND DETERMINE WHETHER IN FACT THEY ARE TAX EXEMPT ENTITIES. THE FOUNDATION AND BUILDING FOUNDATION MUST ALSO CONSIDER WHETHER IT HAS NEXUS IN JURISDICTIONS IN WHICH THEY HAVE INCOME AND WHETHER A TAX RETURN IS REQUIRED IN THOSE JURISDICTIONS. IN ADDITION, AS TAX EXEMPT ENTITIES, THE FOUNDATION AND BUILDING FOUNDATION MUST ASSESS WHETHER THEY HAVE ANY TAX POSITIONS ASSOCIATED WITH UNRELATED BUSINESS INCOME SUBJECT TO INCOME TAX. THE FOUNDATION AND BUILDING FOUNDATION DO NOT EXPECT THEIR POSITIONS TO CHANGE SIGNIFICANTLY OVER THE NEXT TWELVE MONTHS. ANY PENALTIES RELATED TO LATE FILING OR OTHER REQUIREMENTS WOULD BE RECOGNIZED AS PENALTIES EXPENSE IN THE FOUNDATION'S AND BUILDING FOUNDATION'S ACCOUNTING RECORDS. THE FOUNDATION AND BUILDING FOUNDATION FILE U.S. FEDERAL FORM 990 FOR INFORMATIONAL PURPOSES. THE FOUNDATION'S AND BUILDING FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR THE TAX YEARS 2019 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: BUILDING FOUNDATION REPORTED ON SEPARATE 990 100,673. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -271,858. ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 271,858. BUILDING FOUNDATION REPORTED ON SEPARATE 990 121,203. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 2. INVESTMENT 0 0 INVESTMENT 360231 0 0 0 0 0 0 360231 0 360231 1 0 0 0 0 0 PART I, LINE 3: THE ENTITY IS INVESTED IN CANCER FOUCS FUND, LP FROM WHICH THEY RECEIVE A K-1. THIS K-1 ENTITY INVESTED IN KAHR MEDICAL LTD. WHICH IS AN ISRAELI ENTITY. A CASH TRANSFER OF $360,231 FROM LSU HEALTH SCIENCES FOUNDATION FUNDS WAS MADE PER THE 2021 K-1 FOOTNOTES. PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART I, LINE 3(F) PER THE K-1 RECEIVED, THE AMOUNT OF CASH TRANSFERRED TO KAHR MEDICAL LTD. (AN ISRAELI COMPANY) WAS $360,231. LIFESAVERS AUCTION 125900 110900 15000 57492 9148 11900 24149 EVENING FOR HEALERS 466003 422003 44000 20518 63205 85446 591903 532903 59000 78010 72353 11900 109595 271858 -212858 1 LSU HEALTH SCIENCES CENTER SHREVEPORT 1501 KINGS HWY SHREVEPORT LA 71103 720702002 501(C)3 19948531 0 SUPPORT LSU HEALTH SCIENCES CENTER PART I, LINE 2: LSU HEALTH SCIENCES FOUNDATION IN SHREVEPORT ONLY MAKES GRANTS OR ASSISTANCE TO THE LSU HEALTH SCIENCES CENTER IN SHREVEPORT. THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE ALL AMOUNTS PAID. X X X 0 0 0 0 0 0 0 0 0 KEVIN FLOOD PRESIDENT & CEO 161642 0 0 0 0 0 0 0 14099 0 175741 0 0 0 BRIGETTE ROSE EXECTUIVE VP & CFO 146958 0 0 0 0 0 0 0 12939 0 159897 0 0 0 X 3 192643 STOCK MARKET X CAMP TIGER ITEMS 1 6125 FMV X JEWELRY SHOPPING SPREE 1 5000 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER REFERENCES THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 ARMAND ROOS AND DAVID POSNER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND CFO IN CONJUNCTION WITH THE FINANCE OR AUDIT COMMITTEE, WHICH PRESENTS THE FORM 990 FOR BOARD REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REVIEWING THE DAILY OPERATIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES INCLUDES A REVIEW OF COMPARABILITY DATA, FORM 990 OF OTHER ORGANIZATIONS BY THE COMPENSATION COMMITTEE AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. COMPENSATION IS APPROVED BY THE PERSONELL COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 4. FORM 990, PART XI, LINE 2C THE FOUNDATION'S BOARD OVERSEES THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FOUNDATION PROPERTY LLC 920 PIERREMONT RD STE 506 SHREVEPORT LA 71106 760836777 CURRENTLY INACTIVE - PURPOSE WAS TO HOLD REAL ESTATE LA FOUNDATION GENERAL HOLDINGS LLC 920 PIERREMONT RD STE 506 SHREVEPORT LA 71106 450540635 CURRENTLY INACTIVE - PURPOSE WAS TO PURCHASE AND/OR HOLD REAL PROPERTY LA INTERMODAL TRANSIT FACILITY LLC 920 PIERREMONT RD STE 506 SHREVEPORT LA 71106 340411959 CURRENTLY INACTIVE - PURPOSE WAS TO BUILD A PARKING FACILITY LA LSU HEALTH SCIENCES CENTER SHREVEPORT 1501 KINGS HWY SHREVEPORT LA 71103 720702002 MEDICAL SCHOOL/HOSPITAL LA 501(C)3 2 N/A 0 LSU HEALTH SCIENCES BUILDING FOUNDATION IN SHREVEPORT 920 PIERREMONT RD STE 506 SHREVEPORT LA 71106 462032249 HOLDS REAL ESTATE FOR THE BENEFIT OF THE LSU HEALTH SCIENCES FOUNDATION LA 501(C)3 LINE 12A, I N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 LSU HEALTH SCIENCES CENTER SHREVEPORT B 19948531 ACCRUAL LSU HEALTH SCIENCES BUILDING FOUNDATION IN SHREVEPORT D 5680172 ACCRUAL LSU HEALTH SCIENCES BUILDING FOUNDATION IN SHREVEPORT O 327787 ACCRUAL