2016-11-11T09:32:13-06:00 2016-01-01 454084437 Warren Averett LLC 2500 Acton Road Birmingham AL 35243 990 2015-01-03 630288868 SOUTHERN RESEARCH INSTITUTE SOUT 2055812000 2000 NINTH AVENUE SOUTH BIRMINGHAM AL 352555305 DAVID RUTLEDGE CFO 2055812000 2016-10-27 1 Megan Randolph P00989558 2059794100 2016-10-27 2015 2017-02-10 21:41:12Z DAVID RUTLEDGE 2000 NINTH AVENUE SOUTH BIRMINGHAM AL 352555305 71323409 0 X WWW.SOUTHERNRESEARCH.ORG X 1941 AL TO OFFER RESEARCH & TECHNOLOGY SERVICES TO SUPPORT INDUSTRY AND FEDERAL GOVERNMENT AGENCIES. 10 5 567 0 1093734 -750533 97552 2159005 81803148 67757430 -704784 -114373 69276 74704 81265192 69876766 44500 49000 0 0 44784695 44746985 0 0 0 39655097 39330141 84484292 84126126 -3219100 -14249360 167251936 144792189 45009423 35491661 122242513 109300528 X TO OFFER RESEARCH AND TECHNOLOGY SERVICES TO SUPPORT THE LIFE SCIENCES, ENGINEERING, ENERGY, AND ENVIRONMENTAL PROTECTION INDUSTRIES. THE ORGANIZATION PURSUES ENTREPRENEURIAL AND COLLABORATIVE INITIATIVES TO DEVELOP AND MAINTAIN A PIPELINE OF INTELLECTUAL PROPERTY AND INNOVATIVE TECHNOLOGIES THAT CONTRIBUTE TO THE GROWTH OF THE ORGANIZATION AND POSITIVELY IMPACT REAL-WORLD PROBLEMS. 0 0 22671077 22656055 DRUG DEVELOPMENT PROVIDES DRUG DISCOVERY AND PRE-CLINICAL DRUG DEVELOPMENT TO PHARMACEUTICAL AND BIOTECHNOLOGY ON AN OUTSOURCED BASIS. SOUTHERN RESEARCH INSTITUTE HAS CAPABILITIES IN ALL PHASES OF THE EARLY-STAGE DRUG DISCOVERY AND DEVELOPMENT PROCESS AND PROVIDES CLIENTS WITH COMPREHENSIVE SERVICES AND SUPPORT TO ASSIST THEM IN STREAMLINING THEIR CUSTOM DRUG DISCOVERY AND DEVELOPMENT PROGRAMS. SOME OF SOUTHERN RESEARCH INSTITUTE'S SIGNIFICANT PRE-CLINICAL RESEARCH ACCOMPLISHMENTS INCLUDE: DEMONSTRATED THE EFFICACY OF COMBINATION CHEMOTHERAPY IN MICE, LEADING THE WAY FOR THE DEVELOPMENT OF THERAPEUTIC APPROACHES WITH IMPROVED CLINICAL OUTCOMES IN CERTAIN CANCERS, PERFORMED PRE-CLINICAL DRUG DEVELOPMENT EVALUATIONS AND ANALYSES ON APPROXIMATELY HALF OF THE FDA-APPROVED CANCER THERAPEUTICS CURRENTLY ON THE MARKET, AND CONTRIBUTED TO THE DEVELOPMENT OF THE FIRST DRUG DELIVERY TECHNOLOGY FOR THE EXTENDED RELEASE OF SYNTHETIC AGENTS THAT PROMOTE THE TREATMENT OF PROSTATE CANCER. 27839162 49000 27820715 THE ENGINEERING DIVISION DEVELOPS ENGINEERING SOLUTIONS TO COMPLEX PROBLEMS THROUGH CHARACTERIZING THE MECHANICAL, THERMAL, PHYSICAL, AND CHEMICAL PROPERTIES OF ADVANCED MATERIALS. THE ENGINEERING DIVISION IS ALSO DEVELOPING NEW, LOW-COST PROCESSES TO PRODUCE CARBON/CARBON AND POLYMER MATRIX COMPOSITE MATERIALS AND AEROGELS (ULTRA-LIGHT FOAM), AS WELL AS PROCESSING METHODS TO FABRICATE THESE MATERIALS FOR A WIDE VARIETY OF APPLICATIONS FROM AUTOMOTIVE AND RECREATIONAL PRODUCTS TO THE MOST ADVANCED AEROSPACE APPLICATIONS. SOUTHERN RESEARCH INSTITUTE ALSO PROVIDES ENVIRONMENTAL RESEARCH AND SERVICES TO GOVERNMENT, INDUSTRY, AND PRIVATE INSTITUTIONS. THE RESEARCH HAS LED TO THE DEVELOPMENT OF NEW TEST METHODS AND INSTRUMENTS, THE IMPROVEMENT OF PROCESS AND EMISSION CONTROL TECHNOLOGIES, SOLUTIONS TO DAUNTING NEW ENVIRONMENTAL CHALLENGES, AND OTHER IMPORTANT CONTRIBUTIONS TO ENVIRONMENTAL SCIENCES. 11755834 11748045 DRUG DISCOVERY HAS ACCOMPLISHED INNOVATIVE RESEARCH IN THE AREAS OF CANCER, INFECTIOUS DISEASE, AND NEUROSCIENCE. WITH A FOCUS ON THE DISCOVERY OF NEW, SMALL-MOLECULE THERAPEUTICS AND THE UNDERSTANDING OF HOW THESE MOLECULES WORK, DRUG DISCOVERY CARRIES OUT TRANSLATIONAL SCIENCE DESIGNED TO INVENT SMALL MOLECULES AND ADVANCE THEM FROM THE DESIGN STAGE TO THE CLINIC. GOVERNMENT FUNDING SUPPORTS OUR EFFORTS IN PIONEERING NEW SCIENTIFIC AREAS OF DRUG DISCOVERY. THE DRUG DISCOVERY STAFF PROVIDES EXPERTISE IN MEDICINAL CHEMISTRY, MOLECULAR BIOLOGY, BIOCHEMISTRY, AND HIGH-THROUGHPUT SCREENING TECHNOLOGIES, ALL FOCUSED ON MAKING DISCOVERIES THAT WILL CONTRIBUTE TO IMPROVING HUMAN HEALTH. THE DRUG DISCOVERY TEAM HAS BEEN VERY EFFECTIVE IN ITS EFFORTS AND HAS DISCOVERED MORE THAN 20 DRUGS THAT HAVE ENTERED CLINICAL TRIALS AND SIX DRUGS THAT HAVE BEEN APPROVED BY THE FDA FOR USE IN THE TREATMENT OF CANCER. 62266073 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 107 0 1 567 1 1 1 0 0 0 0 0 0 0 0 0 X 10 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X DAVID RUTLEDGE 2055812000 2000 NINTH AVENUE SOUTH BIRMINGHAM AL 352555305 CHARLES K PORTER DIRECTOR 1.00 0.00 X 0 0 0 CORBIN H DAY VICE CHAIRMAN 1.00 0.00 X 0 0 0 DANIEL HAYDEN DIRECTOR 1.00 0.00 X 0 0 0 fournier j gale iii direCTOR 1.00 0.00 X 0 0 0 G ALLEN BOLTON JR SECRETARY & TREASURER 1.00 40.00 X 0 483531 82751 GENE RUFFNER PAGE JR DIRECTOR 1.00 0.00 X 0 0 0 MARK CROSSWHITE DIRECTOR 1.00 0.00 X 0 0 0 N LEE S PRICE DIRECTOR 1.00 0.00 X 0 0 0 RAY WATTS CHAIRMAN 1.00 40.00 X 0 583034 44387 ROBERT WITT DIRECTOR 1.00 40.00 X 0 1054912 50359 SHIRLEY SALLOWAY KAHN FORMER DIRECTOR 1.00 40.00 X 0 396130 68616 ALLISON TAYLOR vp general counsel 40.00 0.00 X 0 223017 47587 ANDREW D PENMAN VP DRUG DEVELOPMENT 40.00 0.00 X 280654 0 6234 arthur j tipton prESIDENT & CEO 40.00 0.00 X 346757 0 0 CATHERINE COZART ASSISTANT SECRETARY 40.00 0.00 X 164822 0 5594 DAVID A RUTLEDGE CFO 40.00 0.00 X 220775 0 6441 DAVID W MASON FORMER ASSISTANT SECRETARY 40.00 0.00 X 70567 0 2910 JILL B CORDLE ASSISTANT TREAS & CONTROLLER 40.00 0.00 X 144267 0 4369 MARK SUTO VP DRUG DISCOVERY 40.00 0.00 X 266385 0 5994 MICHAEL D JOHNS VP ENGINEERING 40.00 0.00 X 232450 0 7827 WILLIAM GRIECO VP ENVIRONMENTAL & ENERGY 40.00 0.00 X 140365 0 3387 CE AUGELLI-SZAFRAN DIR. ORGANIC CHEMISTRY 40.00 0.00 X 198263 0 5697 JAMES R BOSTWICK DIR. HIGH THROUGHPUT SCREENING 40.00 0.00 X 194012 0 168 john r koenig SR. ENGINEERING FELLOW 40.00 0.00 X 199072 0 6402 ROBIN M AKERS DIR. BUSINESS DEVELOPMENT 40.00 0.00 X 196764 0 4858 TIMOTHY FERGUSON DIR. MECHANICS RESEARCH 40.00 0.00 X 187342 0 6657 2842495 2740624 360238 87 0 1 0 SLOAN KETTERING INSTITUTE PO BOX 27718 NEW YORK NY 10087 INTELLECTUAL PROPERTY 6092824 TIAA CREF 1117 22ND STREET SOUTH BIRMINGHAM AL 35205 FINANCIAL SERVICES 5393243 UNIVERSITY OF ALABAMA AT BIRMINGHAM 1720 2ND AVE S BIRMINGHAM AL 35233 STEAM AND COnTRACT SERVICES 1546321 FISHER SCIENTIFIC 168 THIRD AVENUE WALTHAM MA 02451 SUPPLIES 1433020 primgen po box 118 hines IL 60141 SUPPLIES 779900 73 2159005 2159005 CONTRACTS 541900 63287425 62193691 1093734 INTELLECTUAL PROPERTY REVENUE 541900 4470005 4470005 67757430 1269788 1269788 106062 62482 43580 43580 43580 1384161 -1384161 -1384161 -1384161 miscellaneous income 900099 31124 31124 31124 69876766 62224815 1093734 4399212 X 49000 49000 1867039 1381609 485430 27993817 20715425 7278392 14886129 11015735 3870394 214046 158394 55652 200430 148318 52112 127384 94264 33120 119556 88471 31085 8245643 6101775 2143868 7657242 5666359 1990883 3501294 2590958 910336 1180597 873642 306955 513047 379655 133392 7750688 5735509 2015179 944168 698684 245484 EQUIPMENT MAINTENANCE 2964059 2193404 770655 OTHER DIRECT COSTS 1504817 1113565 391252 Direct Animal Care 1370424 1014114 356310 MARKETING 714187 528498 185689 2322559 1718694 603865 84126126 62266073 21860053 0 1209023 301543 12368 171325 13517190 17046403 923199 947049 1550666 1617081 138847577 79783427 67821965 59064150 57203106 56195271 1957006 2214834 23057413 7234533 167251936 144792189 20294148 11168395 2955368 3387870 18400000 17890000 1849029 2668938 1510878 376458 45009423 35491661 X 110828234 98455744 11414279 10844784 122242513 109300528 167251936 144792189 -14249360 -2099771 3407146 0 X X 0 1 X 1 1 1 X 410472 445650 135093 97552 2159005 3247772 89004671 78552226 70619989 80968655 66663696 385809237 5443 11785 16959 31124 65311 89420586 79009661 70755082 81083166 68853825 389122320 0 0 0 389122320 1471983 1655969 1272983 1292946 1375850 7069731 720254 1035564 1879523 834493 1093734 5563568 2192237 2691533 3152506 2127439 2469584 12633299 91612823 81701194 73907588 83210605 71323409 401755619 0.96860 0.97060 0.03140 0.02940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 16375 0 1 127384 143759 0 Part II-B, Line 1: DURING THE YEAR, SRI CONTRACTED WITH THIRD PARTIES TO MONITOR AND EVALUATE VARIOUS LEGISLATIVE ISSUES. 0 11414279 -213695 491786 22190 10686608 11258073 651895 473871 21818 11414279 10052067 1656576 430833 19737 11258073 9342095 1061488 332097 19419 10052067 9409374 -48953 18326 9342095 1.00000 0 0 6802985 6802985 64355578 38608496 25747082 1354362 1166563 187799 64781491 40008368 24773123 1553161 1553161 59064150 DERIVATIVE INSTRUMENT - INTEREST RATE SWAP 376458 376458 65651773 -2099771 62482 -2037289 67689062 2187704 2187704 69876766 82000903 62482 62482 81938421 2187705 2187705 84126126 Part V, Line 4: The intended use of the funds is to help certain outstanding newly-hired scientists get their laboratories established before they have secured funding from outside sponsors. Part XI, Line 2d - Other Adjustments: RENTAL EXPENSES SHOWN AS OFFSET TO REVENUE IN THE RETURN 62,482. Part XI, Line 4b - Other Adjustments: INCOME SHOWN AS REDUCTION TO EXPENSES ON BOOKS 2,061,847. LEGAL EXPENSE SHOWN AS NEGATIVE INCOME ON BOOKS 6,301. INVESTMENT EXPESNES SHOWN AS OFFSET TO INCOME ON BOOKS 119,556. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSES SHOWN AS OFFSET TO REVENUE IN THE RETURN 62,482. Part XII, Line 4b - Other Adjustments: INCOME SHOWN AS REDUCTION TO EXPENSES ON BOOKS 2,061,848. LEGAL EXPENSE SHOWN AS NEGATIVE INCOME ON BOOKS 6,301. INVESTMENT EXPESNES SHOWN AS OFFSET TO INCOME ON BOOKS 119,556. AZERBAIJAN 1 PROGRAM SERVICES CONSULTANT ASSISTING INTEGRATING CONTRACTOR IN SUPPORT OF THE DEFENSE THREAT REDUCTION AGENCY'S BIOLOGICAL THREAT REDUCTION INTEGRATING CONTRACT 433134 0 1 0 0 0 1 433134 0 433134 0 0 0 0 0 0 1 UNITED WAY OF CENTRAL ALABAMA PO BOX 320189 BIRMINGHAM AL 352320189 630288846 501(c)(3) 10000 N/A N/A GENERAL SUPPORT HOLY FAMILY CRISTO REY CATHOLIC HIGH SCHOOL INC 2001 19TH STREET ENSLEY BIRMINGHAM AL 35218 134341859 501(c)(3) 6400 N/A N/A GENERAL SUPPORT AMERICAN CANCER SOCIETY INC 1100 IRELAND WAY SUITE 201 BIRMNGHAM AL 35205 131788491 501(c)(3) 5000 N/A N/A GENERAL SUPPORT ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA INC 500 BEACON PARKWAY WEST BIRMINGHAM AL 35209 581904013 501(c)(6) 5000 N/A N/A GENERAL SUPPORT 3 1 Part I, Line 2: THE ORGANIZATION REVIEWS ANY GRANTS MADE TO ENSURE THEY ARE QUALIFYING RECIPIENTS. NO FURTHER SUBSTANTIATION OF USE OR ADDITIONAL REVIEW IS DONE. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 G ALLEN BOLTON JR SECRETARY & TREASURER 0 412150 0 70650 0 731 0 70829 0 14186 0 568546 0 0 RAY WATTS CHAIRMAN 0 449175 0 129780 0 4079 0 44387 0 2442 0 629863 0 0 ROBERT WITT DIRECTOR 0 652305 0 375368 0 27239 0 49781 0 2102 0 1106795 0 0 SHIRLEY SALLOWAY KAHN FORMER DIRECTOR 0 272849 0 42500 0 80781 0 47353 0 22802 0 466285 0 0 ALLISON TAYLOR vp general counsel 0 222445 0 0 0 572 0 32569 0 16277 0 271863 0 0 ANDREW D PENMAN VP DRUG DEVELOPMENT 255202 0 815 0 24637 0 0 0 6234 0 286888 0 0 0 arthur j tipton prESIDENT & CEO 321566 0 0 0 25191 0 0 0 0 0 346757 0 0 0 CATHERINE COZART ASSISTANT SECRETARY 154206 0 0 0 10616 0 0 0 5594 0 170416 0 0 0 DAVID A RUTLEDGE CFO 210543 0 0 0 10232 0 0 0 6441 0 227216 0 0 0 MARK SUTO VP DRUG DISCOVERY 240536 0 658 0 25191 0 0 0 5994 0 272379 0 0 0 MICHAEL D JOHNS VP ENGINEERING 214173 0 0 0 18277 0 0 0 7827 0 240277 0 0 0 CE AUGELLI-SZAFRAN DIR. ORGANIC CHEMISTRY 197072 0 0 0 1191 0 0 0 5697 0 203960 0 0 0 JAMES R BOSTWICK DIR. HIGH THROUGHPUT SCREENING 176810 0 8000 0 9202 0 0 0 168 0 194180 0 0 0 john r koenig SR. ENGINEERING FELLOW 149783 0 0 0 49289 0 0 0 6402 0 205474 0 0 0 ROBIN M AKERS DIR. BUSINESS DEVELOPMENT 135305 0 55000 0 6459 0 0 0 4858 0 201622 0 0 0 TIMOTHY FERGUSON DIR. MECHANICS RESEARCH 159065 0 10000 0 18277 0 0 0 6657 0 193999 0 0 0 Part I, Line 4b RAY WATTS - $44,387 G. ALLEN BOLTON, JR - $70,829 ROBERT WITT - $49,781 ALLISON TAYLOR - $32,569 A THE COOPERATIVE DISTRICT OF THE CITY OF BIRMINGHAM-SOUTHERN RESEARCH INST 273338884 NONEAVAIL 2010-08-31 20000000 SOUTHSIDE AND OXMOOR CAMPUS CAPITAL IMPROVEMENTS 0 1 0 A 20000000 174000 19826000 0 0 1 1 A 0 0 0 1 1 0 0 1 A 0 1 0 0 1 1 BBVA COMPASS 6.000000000000 1 0 0 0 1 A 1 SCHEDULE K, PART III, LINE 7: THE ORGANIZATION'S OUTSTANDING BONDS WERE ISSUED AS "RECOVERY ZONE FACILITY BONDS" UNDER SECTION 1400U-1(B) OF THE INTERNAL REVENUE CODE. THE OUTSTANDING BONDS ARE CONSIDERED PRIVATE ACTIVITY BONDS AND THEREFORE PRIVATE PAYMENT AND SECURITY ARE NOT RELEVANT TO SUCH BONDS. SCHEDULE K, PART III, LINE 9, PART IV, LINE 7 AND PART V: THE ORGANIZATION BY ACTION OF ITS FINANCE COMMITTEE OF ITS BOARD OF DIRECTORS ON OCTOBER 30, 2014, ESTABLISHED WRITTEN PROCEDURES. PORTER WHITE & COMPANY CHARLES K. PORTER IS AN OFFICER OF THE ABOVE ENTITY 119556 FINANCIAL ADVISORY SERVICES 0 ALABAMA POWER COMPANY MARK CROSSWHITE IS AN OFFICER OF THE ABOVE ENTITY 1522081 ELECTRICITY & STEAM 0 THE UNIVERSITY OF ALABAMA AT BIRMINGHAM SHIRLEY SALLOWAY KAHN IS AN OFFICER OF THE ABOVE ENTITY 1546321 CONTRACT SERVICES & STEAM 0 THE UNIVERSITY OF ALABAMA AT BIRMINGHAM ALLEN BOLTON IS AN OFFICER OF THE ABOVE ENTITY 1546321 CONTRACT SERVICES & STEAM 0 thE UNIVERSITY OF ALABAMA AT BIRMINGHAM ray watts IS AN OFFICER OF THE ABOVE ENTITY 1546321 contract services & STEAM 0 Form 990, Part VI, Section B, line 11 THE BOARD OF DIRECTORS HAS ADOPTED THE POLICY THAT THE FINANCE COMMITTEE WOULD REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING. Form 990, Part VI, Section B, line 12c OFFICERS, DIRECTORS, AND KEY/HIGHLY COMPENSATED EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY POTENTIAL CONFLICTS OF INTEREST OR CERTIFY THAT NO SUCH CONFLICTS EXIST. THE ORGANIZATION INVESTIGATES DISCLOSURES OF ANY POTENTIAL CONFLICTS AND TAKES STEPS TO MITIGATE THE OCCURRENCE OF ACTUAL CONFLICTS OF INTEREST. Form 990, Part VI, Section B, line 15 FOR THE COMPENSATION OF ITS EXECUTIVE MANAGEMENT, SOUTHERN RESEARCH INSTITUTE HIRES AN OUTSIDE FIRM TO MAKE RECOMMENDATIONS FOR MARKET TARGETS AND THEN AGES THE TARGETS SLIGHTLY EACH YEAR. AN OUTSIDE FIRM ALSO PROVIDES THE COMPENSATION COMMITTEE WITH A LETTER REGARDING PAY PRACTICES AND INTERMEDIATE SANCTIONS. HUMAN RESOURCES USES EXTERNAL MARKET DATA TO ESTABLISH A MARKET TARGET AND SALARY RANGES FOR THE COMPENSATION OF KEY EMPLOYEES. Form 990, Part VI, Section C, line 19 AS A GENERAL RULE, THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ANY WRITTEN REQUEST BY THE PUBLIC WOULD BE REVIEWED AND ACTED UPON BY THE BOARD. Form 990, Part IX, line 11g OUTSIDE SERVICES: Program service expenses 2,271,327. Management and general expenses 798,034. Fundraising expenses 0. Total expenses 3,069,361. CONSULTANTS: Program service expenses 3,505,103. Management and general expenses 1,231,523. Fundraising expenses 0. Total expenses 4,736,626. OTHER PROFESSIONAL SERVICES: Program service expenses 325,345. Management and general expenses 114,311. Fundraising expenses 0. Total expenses 439,656. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE ORGANIZATION ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. UNIVERSITY OF ALABAMA AT BIRMINGHAM 1530 THIRD AVENUE SOUTH BIRMINGHAM AL 352941150 636005396 HIGHER EDUCATON FACILITY AL POLITICAL SUBDV N/A 0 SOUTHERN RESEARCH INSTITUTE VEBA 2000 NINTH AVENUE SOUTH BIRMINGHAM AL 35205 562439567 VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION AL 501(C)(9) SOUTHERN RESEARCH INSTITUTE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0