2021-09-15T12:18:50-05:00 2020-09-30 810569753 KMJ CORBIN & COMPANY LLP 2855 MICHELLE DR SUITE 350 IRVINE CA 92606 990 2019-10-01 832316783 GREATER LOS ANGELES VETERANS RESEARCH AND EDUCATION FOUNDATION GREA 8188955881 11301 WILSHIRE BLVD LOS ANGELES CA 90073 JANE CHEUNG EXECUTIVE DIRECTOR 8188955881 2021-09-14 1 ERNIE YAMANE P00427413 9494310997 2019 2022-09-23 18:48:47Z X JANE CHEUNG 11301 WILSHIRE BLVD LOS ANGELES CA 90073 5226774 0 X X 2018 CA SEE SCHEDULE O 11 4 0 0 0 0 0 4484695 0 664319 0 77760 0 0 0 5226774 0 0 0 0 0 5323468 0 0 0 0 1344150 0 6667618 0 -1440844 146129 6227608 0 1738880 146129 4488728 X THIS CORPORATION IS ESTABLISHED TO PROVIDE A FLEXIBLE FUNDING MECHANISM FOR THE CONDUCT OF RESEARCH AND EDUCATION AT THE VETERANS AFFAIRS GREATER LOS ANGELES HEALTH SYSTEM AND TO FACILITATE FUNCTIONS RELATED TO THE CONDUCT OF RESEARCH, EDUCATION AND TRAINING IN CONJUNCTION WITH THE VETERANS AFFAIRS GREATER LOS ANGELES HEALTH SYSTEM. 0 0 5309311 ADVANCE THE RESEARCH MISSION OF THE DEPARTMENT OF VETERANS AFFAIRS (THE "VA") THROUGH SUPPORT OF RESEARCH-RELATED ACTIVITIES AT THE VA GREATER LOS ANGELES HEALTHCARE SYSTEM ("GLA") AND TO FURTHER ANY EDUCATIONAL PURPOSE FOR VA-RELATED RESEARCH. 5309311 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JANE CHEUNG 8188955881 11301 WILSHIRE BLVD LOS ANGELES CA 90073 STEVEN BRAVERMAN MEDICAL CENTER DIRECTOR 4.00 40.00 X 0 297402 0 JENNIFER MARTIN DIRECTOR 4.00 40.00 X 0 126774 0 LINDA DEMER ACOS-RESEARCH 4.00 0.00 X 0 0 0 STEVEN SIMON CHIEF OF STAFF 4.00 0.00 X 0 0 0 DAVID BEENHOUWER INFECTIOUS DISEASES SPECIALIST 4.00 0.00 X 0 0 0 DR WEINREB DIRECTOR 4.00 0.00 X 0 0 0 MARY BAKER COMMUNITY DIRECTOR 4.00 0.00 X 0 0 0 ROBERT BAKER COMMUNITY DIRECTOR 4.00 0.00 X 0 0 0 CARL CASTRO COMMUNITY DIRECTOR 4.00 0.00 X 0 0 0 MARCIA M RUSSELL COMMUNITY DIRECTOR 4.00 0.00 X 0 0 0 DEAN YAMAGUCHI COMMUNITY DIRECTOR 4.00 0.00 X 0 0 0 JANE CHEUNG EXECUTIVE DIRECTOR 40.00 0.00 X 0 68654 0 THOYD ELLIS CHIEF FINANCIAL OFFICER 40.00 0.00 X 0 191770 0 AKIBA YASUTADA RESEARCH SCIENTIST 40.00 0.00 X 0 141717 0 RASHED NAGRA RESEARCH SCIENTIST 40.00 0.00 X 0 198192 0 ART FRIEDLANDER ACOS-EDUCATION 4.00 0.00 X 0 263000 0 KEN HICKMAN FORMER EXECUTIVE DIRECTOR BBRI 40.00 0.00 X 0 200341 0 BONITA KRALL FORMER EXECUTIVE DIRECTOR SRC 40.00 0.00 X 0 160585 0 0 1648435 0 0 1 1 0 BLUE SHIELD OF CALIFORNIA 50 BEALE ST SAN FRANCISCO CA 94105 HEALTH INSURANCE 1594426 TERUMO 4550 W VAN BUREN ST SUITE B-103 PHOENIX AZ 85043 MEDICAL SUPPLIES 1091914 AMERIPRISE 70100 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474 FINANCIAL SERVICES 722063 UC REGENTS 405 HILGARD AVE LOS ANGELES CA 90095 PERSONEL 331847 LAB CORPORATION 2007 WILSHIRE BLVD STE 400 LOS ANGELES CA 90057 DIAGNOSTIC TESTING 316073 5 2447865 2036830 4484695 INTER AGENCY 664319 664319 664319 77760 77760 5226774 664319 0 77760 369865 369865 3704696 3243363 461333 885861 662533 223328 363046 297607 65439 44850 31240 13610 27225 21362 5863 7000 6901 99 22915 22915 27035 27035 LABORATORY SUPPLIES 409587 408386 1201 SUPPORT SERVICES 220638 207638 13000 EQUIPMENT EXPENSES 169913 160858 9055 PROFESSIONAL FEES 109407 59539 49868 305580 209884 95696 6667618 5309311 1358307 0 146129 1613001 0 3487072 0 1029241 0 85404 1119269 1106379 0 12890 146129 6227608 0 649300 0 102853 0 986727 0 1738880 X 146129 4488728 0 0 146129 4488728 146129 6227608 X -1440844 7488 5775955 X 0 1 X 1 1 1 X VA MEDICAL CENTER LOS ANGELES CA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1119269 1106379 12890 12890 X 6962958 7488 1728696 1736184 5226774 0 5226774 8396314 1728696 1728696 6667618 0 6667618 PART X, LINE 2: THE FOUNDATION ANNUALLY EVALUATES TAX POSITIONS AS PART OF PREPARATION OF ITS EXEMPT TAX RTURN. THIS PROCESS INCLUDES ANALYSIS OF WHETHER TAX POSITIONS THE FOUNDATION TAKES WITH REGARD TO A PARTICULAR ITEM OF INCOME OR DEDUCTION WOULD MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER CURRENT ACCOUNTING GUIDANCE. THE FOUNDATION BELIEVES ITS TAX POSITIONS ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES, AT SEPTERMBER 30, 2020, THE FOUNDATION DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITTS. 0 0 0 0 0 0 0 0 0 STEVEN BRAVERMAN MEDICAL CENTER DIRECTOR 0 297402 0 0 0 0 0 0 0 0 0 297402 0 0 THOYD ELLIS CHIEF FINANCIAL OFFICER 0 191770 0 0 0 0 0 0 0 0 0 191770 0 0 RASHED NAGRA RESEARCH SCIENTIST 0 198192 0 0 0 0 0 0 0 0 0 198192 0 0 ART FRIEDLANDER ACOS-EDUCATION 0 263000 0 0 0 0 0 0 0 0 0 263000 0 0 KEN HICKMAN FORMER EXECUTIVE DIRECTOR BBRI 0 200341 0 0 0 0 0 0 0 0 0 200341 0 0 BONITA KRALL FORMER EXECUTIVE DIRECTOR SRC 0 160585 0 0 0 0 0 0 0 0 0 160585 0 0 FORM 990, PART I, LINE 1 THIS CORPORATION IS ESTABLISHED TO PROVIDE A FLEXIBLE FUNDING MECHANISM FOR THE CONDUCT OF RESEARCH AND EDUCATION AT THE VETERANS AFFAIRS GREATER LOS ANGELES HEALTH SYSTEM AND TO FACILITATE FUNCTIONS RELATED TO THE CONDUCT OF RESEARCH, EDUCATION AND TRAINING IN CONJUNCTION WITH THE VETERANS AFFAIRS GREATER LOS ANGELES HEALTH SYSTEM. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD'S AUDIT COMMITTEE FIRST REVIEWED THE COMPLETED 990 AND THEN RECOMMENDED APPROVAL TO THE FULL BOARD. AFTER THE BOARD REVIEWED AND APPROVED THE 990'S CONTENT, IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL CORPORATION BOARD MEMBERS, OFFICERS AND EMPLOYEES ARE SUBJECT TO FEDERAL STATUTES AND REGULATIONS APPLICABLE TO FEDERAL EMPLOYEES WITH RESPECT TO CONDUCT AND CONFLICTS OF INTEREST. APPLICABLE FEDERAL STATUTES AND REGULATIONS INCLUDE 18, U.S.C. SECTIONS 202 THROUGH 209, AND TITLE 5, CODE OF FEDERAL REGULATIONS (CFR)PART 2635. AT THE TIME THE RELATIONSHIP OR EMPLOYMENT IS INITIATED, EACH CORPORATION BOARD MEMBER, OFFICER, AND EMPLOYEE MUST SIGN A STATEMENT CERTIFYING AWARENESS OF AND COMPLIANCE WITH FEDERAL CONDUCT AND CONFLICTS OF INTEREST LAWS AND REGULATIONS. THIS STATEMENT IS RETAINED IN EACH BOARDMEMBER'S, OFFICER'S, AND EMPLOYEE'S FILE. ANNUALLY, THE EXECUTIVE DIRECTOR MUST CERTIFY THAT SUCH A STATEMENT IS ON FILE FOR EACH BOARD MEMBER, OFFICER, AND EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS MUST REVIEW AND APPROVE THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND CFO ACCORDING TO CALIFORNIA STATE LAW. THE BOARD RELIES ON THE PRESIDENTIALLY APPROVED COST OF LIVING AWARD THAT IS GIVEN TO EMPLOYEES OF THE FEDERAL CIVIL SERVICE FOR SETTING THE INCUMBENTS' SALARY EACH YEAR. THE EXECUTIVE DIRECTOR SETS THE SALARY FOR ALL OTHER EMPLOYEES OF THE CORPORATION. THIS COMPENSATION IS BASED ON THE EXISTING PAY CLASSIFICATION PLAN WHICH FOR THE MOST PART MIRRORS THE GOVERNMENT SERVICE (GS) PAY CLASSIFICATION SYSTEM. IT IS ADJUSTED ANNUALLY ACCORDING TO PRESIDENTIALLY APPROVED COST OF LIVING AWARDS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS THAT ARE, ACCORDING TO LAW, REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC ARE PROVIDED FREE OF CHARGE UPON RECEIPT OF A WRITTEN REQUEST ADDRESSED TO THE EXECUTIVE DIRECTOR. FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES: ON OCTOBER 31, 2019 AND AT THE DIRECTION OF THE VA, THE BOARD OF DIRECTORS OF BRENTWOOD BIOMEDICAL RESEARCH INSTITUTE ("BBRI") AND SEPULVEDA RESEARCH CORPORATION ("SRC") EFFECTED A MERGER INTO THE FOUNDATION WITH THE SAME RESEARCH MISSION AS THE TWO PREDECESSOR ENTITIES. AS A RESULT, LIABILITIES ABD OPERATIONAL ACTIVITY OF BBRI AND SRC AS OF AND FROM OCTOBER 31, 2019 ARE VESTED IN THE FOUNDATION BY VIRTUE OF THIS MERGER. THE RIGHTS OF ALL CREDITORS OF EITHER BBRI OR SRC SHALL BE PRESERVED UNIMPAIRED. THE TITLE TO ASSETS ACQUIRED OR OTHERWISE VESTED IN EITHER BBRI OR SRC SHALL NOT REVERT OR BE IN ANY WAY IMPAIRED BY REASON OF THIS MERGER, BUT SHALL BE VESTED IN THE FOUNDATION BY VIRTUE OF THE MERGER. THE FOLLOWING REPRESENTS THE COMBINED NET ASSETS OF BBRI AND SRC TRANSFERRED TO THE FOUNDATION AS OF OCTOBER 31, 2019 AS A RESULT OF THE MERGER: CASH AND CASH EQUIVALENTS $1,472,633 INVESTMENTS 3,882,862 ACCOUNTS AND GRANT RECEIVABLE 934,336 PREPAID EXPENSES 97,475 EQUIPMENT NET 35,805 ACCOUNT PAYABLE AND ACCRUED EXPENSES(603,368) DEFFERED REVENUE (43,788) NET ASSETS $5,775,955 THROUGH THE MERGER, THE COMBINED ORGANIZATION SEEKS TO FURTHER ITS COMMON MISSION BY IMPROVING ITS PROGRAMS AND ACHIEVING ECONOMIES OF SCALE AND OTHER SYNERGIES THROUGH CONSOLIDATING CERTAIN ADMINISTRATIVE COSTS. THERE WERE NO MATERIAL ADJUSTMENTS TO CONFORM THE ACCOUNTING POLICIES OF THE COMBINED ORGANIZATION AS OF OCTOBER 31, 2019.