2015-03-29T14:29:53-05:00 2014-06-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2013-07-01 581767810 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PENN 2257632511 6400 PERKINS ROAD BATON ROUGE LA 70808 WILLIAM SILVIA PRESIDENT/CEO 2257632511 2015-03-24 1 RALPH STEPHENS P00638118 2259224600 2013 2016-02-25 16:41:14Z WILLIAM L SILVIA JR 6400 PERKINS ROAD BATON ROUGE LA 70808 11582564 0 X WWW.PBRF.ORG X 1988 LA THE PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES THE PENNINGTON BIOMEDICAL RESEARCH CENTER WITH VITAL FUNDING FOR NUTRITION-BASED RESEARCH WHICH AIMS TO PREVENT PREMATURE DEATH FROM CHRONIC DISEASES. 25 25 10 100 37 0 4188086 5865829 0 0 913263 1104630 340081 275794 5441430 7246253 11200 4819 0 0 1977273 1870612 168000 207357 541157 1030936 558069 3187409 2640857 2254021 4605396 25525736 31344483 7890706 8373779 17635030 22970704 X THE PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES THE PENNINGTON BIOMEDICAL RESEARCH CENTER WITH VITAL FUNDING FOR NUTRITION-BASED RESEARCH WHICH AIMS TO PREVENT PREMATURE DEATH FROM CHRONIC DISEASES. 0 0 484681 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES ANNUAL FUNDING TO THE PENNINGTON BIOMEDICAL RESEARCH CENTER FOR ENDOWED CHAIR AND PROFESSORSHIP HOLDERS FOR FACULTY SUPPLEMENTS, RESEARCH EQUIPMENT, AND SUPPLIES. THE FOUNDATION MAINTAINS 11 ENDOWED CHAIRS AND 4 ENDOWED PROFESSORSHIPS. 610049 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES FUNDING TO THE PENNINGTON BIOMEDICAL RESEARCH CENTER FOR SPECIFIC RESEARCH PROJECTS, INCLUDING BUT NOT LIMITED TO THOSE RELATED TO THE INSTITUTE FOR DEMENTIA RESEARCH AND PREVENTION, CHILDHOOD OBESITY & PUBLIC HEALTH, SCIENTIFIC SYMPOSIA, PHYSICAL ACTIVITY & EXERCISE, AND DIABETES. 270108 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES PROGRAMMATIC INVESTMENT PLAN FUNDING TO THE PENNINGTON BIOMEDICAL RESEARCH CENTER FOR THREE MAJOR AREAS: PRIORITY RESEARCH PROGRAMS THAT WILL ADDRESS THE URGENT SCIENTIFIC NEEDS OF ITS RESEARCH ENTERPRISE, DEPLOY PROACTIVE BUSINESS DEVELOPMENT IN AN EFFORT TO ENHANCE REVENUE GENERATION TO PROVIDE LONG-TERM FINANCIAL STABILITY AND HEALTH, AND POSITION THE RESEARCH CENTER AS THE WORLD LEADER IN OBESITY AND CHRONIC DISEASE THROUGH A TARGETED COMMUNICATIONS AND BRANDING INITIATIVE. 276230 4819 OTHER DIRECT SUPPORT AND ASSISTANCE TO PENNINGTON BIOMEDICAL RESEARCH CENTER 276230 4819 1641068 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 46 0 1 10 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ CA CO DC FL IL LA MD MA MI MN NJ NY OH SC TN WA X X J BRAD JEWELLCPAMPA 2257632511 6400 PERKINS RD BATON ROUGE LA 70808 ANNETTE D BARTON SECRETARY 1.00 X X 0 0 0 ARTHUR E FAVRE BOARD MEMBER 1.00 X 0 0 0 C BRENT MCCOY TREASURER 1.00 X X 0 0 0 C KRIS KIRKPATRICK BOARD MEMBER 1.00 X 0 0 0 CARL S LUIKART MD BOARD MEMBER 1.00 X 0 0 0 CHARLES A LANDRY BOARD MEMBER 1.00 X 0 0 0 CLAY M ALLEN BOARD MEMBER 1.00 X 0 0 0 ELIZABETH QUERBES SAMMONS BOARD MEMBER 1.00 X 0 0 0 ELIZABETH S NALTY BOARD MEMBER 1.00 X 0 0 0 GEORGE D NELSON JR BOARD MEMBER 1.00 X 0 0 0 J GERARD JOLLY CHAIRMAN 1.00 X X 0 0 0 J HEBERT BOYDSTUN BOARD MEMBER 1.00 X 0 0 0 JS SI BROWN III BOARD MEMBER 1.00 X 0 0 0 JAMES R MCILWAIN BOARD MEMBER 1.00 X 0 0 0 JANET L OLSON BOARD MEMBER 1.00 X 0 0 0 JOHN B NOLAND BOARD MEMBER 1.00 X 0 0 0 JOHN G TURNER BOARD MEMBER 1.00 X 0 0 0 JOHN GRAVES BOARD MEMBER 1.00 X 0 0 0 JOHN SPAIN BOARD MEMBER 1.00 X 0 0 0 KEVIN P REILLY JR BOARD MEMBER 1.00 X 0 0 0 LEONARD SULLIVAN BOARD MEMBER 1.00 X 0 0 0 LUKE KISSAM BOARD MEMBER 1.00 X 0 0 0 MAXINE CORMIER BOARD MEMBER 1.00 X 0 0 0 MICHAEL FLEMING MD BOARD MEMBER 1.00 X 0 0 0 MONICA ZUMO BOARD MEMBER 1.00 X 0 0 0 MYRON E MOOREHEAD MD BOARD MEMBER 1.00 X 0 0 0 NANETTE NOLAND BOARD MEMBER 1.00 X 0 0 0 NICOLAS PERKIN BOARD MEMBER 1.00 X 0 0 0 PAULA P DE LA BRETONNE BOARD MEMBER 1.00 X 0 0 0 TIM A BARFIELD JR IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 ADAM KNAPP EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 DR F KING ALEXANDER EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 DR STEVEN HEYMSFIELD EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 DR WILLIAM CEFALU EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 DR WILLIAM JENKINS EX-OFFICIO BOARD MEMBER-PA 1.00 X 0 0 0 J BRAD JEWELL CHIEF FINANCIAL OFFICER 42.00 X 135777 0 12590 JENNIFER G WINSTEAD CHIEF EXECUTIVE OFFICER 50.00 X 171431 0 9844 MARGARET C HART EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 MAYOR MELVIN KIP HOLDEN EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 307208 0 22434 2 0 1 0 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 27462 NEW YORK NY 100877462 PROSPECT RESEARCH AND PROFESSIONAL ADVIS 138000 1 1750 5864079 164590 5865829 506008 37 505971 4866640 4268018 598622 598622 598622 142398 1750 68293 74105 74105 FUND MANAGEMENT 900099 137566 137566 PMF COST RECOVERY 900099 57204 57204 OTHER INCOME 900099 6919 6919 201689 7246253 800311 37 580076 4819 4819 312080 227723 84357 1183484 985294 198190 459405 349052 44110 66243 123000 123000 257313 194770 62543 122688 78222 44466 20323 10849 9258 216 113885 109365 4172 348 74416 71510 1967 939 715 715 21581 21581 OPERATIONS & MAINTENANC 95116 81793 8284 5039 BUSINESS DEVELOPMENT 74616 11774 6638 56204 RESEARCH SUPPLIES & EQU 54850 54850 DUES & SUBSCRIPTIONS 20957 9087 9169 2701 -298391 -320317 18006 3920 2640857 1641068 458632 541157 79444 217970 568358 222940 2272634 5178406 6580 5569 10812 10211 6620 6143 0 477 22587908 25708910 25525736 31344483 299257 391866 7591449 7981913 7890706 8373779 X 1929450 2099138 7164567 12190761 8541013 8680805 17635030 22970704 25525736 31344483 X 4605396 730278 X X 0 1 X 1 0 X 2218095 2044354 2138339 4188086 5865829 16454703 2218095 2044354 2138339 4188086 5865829 16454703 7226132 9228571 548800 665527 606176 913264 1104631 3838398 348012 342920 296286 213477 201689 1402384 21695485 0.42540 0.51440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11221385 344862 1624236 762618 12427865 10492083 350100 1524427 1145225 11221385 11482402 226025 40613 1256957 10492083 10333620 100000 2160512 1111720 11482402 9565455 430025 1426452 1088378 10333620 0.03000 0.70000 0.27000 0 0 6620 6143 477 477 INVESTMENT SECURITIES-RESTRICTED 24331477 F ANNUITY HELD BY RABBI TRUST 718447 F BENEFICIAL INTEREST IN LEAD TRUST 658986 F 25708910 FUNDS HELD IN CUSTODY 7261915 OTHER LIABILITES 1551 RETIREMENT OBLIGATION 718447 7981913 X 8016516 728691 147885 876576 7139940 106313 106313 7246253 2710413 69556 69556 2640857 0 2640857 PART V, LINE 4: THE FOUNDATION MANAGES ENDOWED CHAIRS AND ENDOWED PROFESSORSHIPS UNDER THE LOUISIANA BOARD OF REGENTS EMINENT SCHOLARS PROGRAM AND THE ENDOWED PROFESSORSHIPS PROGRAM FOR THE BENEFIT OF THE PENNINGTON BIOMEDICAL RESEARCH CENTER. THESE ENDOWMENTS ARE CREATED BY PRIVATE DONATIONS TO THE FOUNDATION THAT EQUAL 60% OF THE ENDOWMENT MATCHED BY 40% FROM THE REGENTS. ENDOWMENT SPENDING IS PROVIDED EACH YEAR TO THE PENNINGTON BIOMEDICAL RESEARCH CENTER FOR USE BY THE CHAIR/PROFESSORSHIP HOLDERS FOR SALARY SUPPLEMENTS, RESEARCH EQUIPMENT, RESEARCH SUPPLIES, AND OTHER PROGRAM RELATED EXPENDITURES. PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE GUIDANCE INCLUDED IN THE ACCOUNTING STANDARDS CODIFICATION (ASC). THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE RECORDED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 68,293. CHANGE IN VALUE OF SPLIT INTEREST TRUSTS 79,592. PART XI, LINE 4B - OTHER ADJUSTMENTS: BRAY RABBI TRUST INTEREST INCOME 106,313. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 68,293. PENNINGTON DISCOVERIES MGT PORTION 1,255. TAX DEPRECIATION 8. X X X X X X 1 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 27462 NEW YORK NY 100877462 PROSPECT RESEARCH AND PROFESSIONAL ADVISORY SERVICES 0 0 123000 -123000 123000 -123000 AL AZ CA CO CT DC FL GA IL LA MD MA MI MS NJ NY NC OH PA SC TN VA WA MN THE ANSWER 144148 1750 142398 600 9435 15219 43039 144148 1750 142398 600 9435 15219 43039 68293 74105 SCHEDULE G, PART I, LINE 2B, COLUMN (V) COMMUNITY COUNSELLING SERVICE PROVIDES VARIOUS GENERAL PLANNING, ADVICE, AND CONSULTING SERVICES FOR THE ORGANIZATION. THESE SERVICES ARE NOT DIRECTLY CONNECTED TO A SPECIFIC FUNDRAISING CAMPAIGN. FURTHER, CONSULTANT DOES NOT SOLICIT, NOR DOES IT RECEIVE FUNDS ON BEHALF OF THE ORGANIZATION. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JENNIFER G WINSTEAD CHIEF EXECUTIVE OFFICER 171431 0 0 0 0 0 8572 0 1272 0 181275 0 0 0 PART I, LINE 1A MEMBERSHIP TO A SOCIAL CLUB FOR THE CHIEF EXECUTIVE OFFICER IS USED 100% FOR PENNINGTON BIOMEDICAL RESEARCH FOUNDATION AND CENTER BUSINESS. THERE IS NO PERSONAL USE INVOLVED. X 7 144311 FAIR MARKET VALUE X 6 5786 FAIR MARKET VALUE X MANSHIP THEAT 1 5000 FAIR MARKET VALUE X GIFT BASKET 1 1500 FAIR MARKET VALUE X PRINTING SERV 1 1476 FAIR MARKET VALUE X 20 GREEN PLAN 1 1050 FAIR MARKET VALUE X IPAD AIR, STE 1 1000 FAIR MARKET VALUE X PROMOTIONAL B 1 750 FAIR MARKET VALUE X INVITATIONS T 1 600 FAIR MARKET VALUE X TEN $50 AMERI 1 500 FAIR MARKET VALUE X DISCOUNT ON R 1 470 FAIR MARKET VALUE X WAIVED RENTAL 1 350 FAIR MARKET VALUE X TWO BOXED SET 1 310 FAIR MARKET VALUE X LINEN RENTALS 1 300 FAIR MARKET VALUE X DINNER FOR TW 1 250 FAIR MARKET VALUE X OVERNIGHT STA 1 150 FAIR MARKET VALUE X ONE YEAR FAMI 1 125 FAIR MARKET VALUE X PRINTING SERV 1 117 FAIR MARKET VALUE X FLORAL CENTER 1 100 FAIR MARKET VALUE X $100 GIFT CAR 1 100 FAIR MARKET VALUE X SPA GIFT CARD 1 75 FAIR MARKET VALUE X PAIR OF COMPR 1 60 FAIR MARKET VALUE X MASSAGE 1 60 FAIR MARKET VALUE X GIFT CARD 1 50 FAIR MARKET VALUE X GIFT CARD 1 50 FAIR MARKET VALUE X TOTAL THERMOG 1 50 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 KEVIN P. REILLY, JR., JAMES R. MCILWAIN, AND C. BRENT MCCOY HAVE A BUSINESS RELATIONSHIP. GEORGE D. NELSON, JR. AND JOHN B. NOLAND HAVE A BUSINESS RELATIONSHIP. GEORGE D. NELSON, JR. AND ELIZABETH QUERBES SAMMONS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE-AUDIT COMMITTEE HAS REVIEWED FORM 990. A COPY OF THE RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C UPON ELECTION OR APPOINTMENT, EACH OFFICER AND DIRECTOR IS TO MAKE A WRITTEN DISCLOSURE OF INTERESTS, MEMBERSHIPS, RELATIONSHIPS, ARRANGEMENTS, INVESTMENTS AND HOLDINGS THAT POTENTIALLY COULD RESULT IN A MATERIAL CONFLICT BETWEEN THEIR OR THEIR FAMILY'S PERSONAL, PROFESSIONAL OR BUSINESS INTERESTS, AND THOSE OF THE FOUNDATION. IN THE COURSE OF A FOUNDATION MEETING OR ACTIVITY, AN OFFICER OR DIRECTOR IS TO DISCLOSE ANY DIRECT OR INDIRECT INTEREST IN A TRANSACTION OR DECISION THAT COULD POTENTIALLY BE A CONFLICT OF INTEREST. THE OFFICER OR DIRECTOR WILL RECUSE HIMSELF OR HERSELF FROM THE DISCUSSION AND A VOTE ON SUCH A MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE FOUNDATION REVIEWED THE COMPENSATION COMPARABILITY DATA FOR BOTH THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER. THE TYPES OF DATA RELIED UPON INCLUDED THE GUIDE STAR COMPENSATION SURVEY AND VARIOUS FORM 990 TAX RETURNS. THE EXECUTIVE COMMITTEE REPORTED ITS FINDINGS AND RECOMMENDATIONS FOR COMPENSATION TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVED THE RECOMMENDATION. SUBSTANTIATION OF THE DELIBERATION AND ACTION, INCLUDING THE PROCESS AND DATA USED, WERE DOCUMENTED IN WRITING AND IS MAINTAINED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILBLE TO THE PUBLIC THROUGH ITS OWN WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: BOOK TO TAX DIFFERENCE -106,313. PRIOR YEAR ENHANCEMENT -123,480. UNREALIZED GAIN AND LOSS 960,079. ROUNDING -8. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PENNINGTON DISCOVERIES INC 6400 PERKINS RD BATON ROUGE LA 70808 721320321 HOLDING COMPANY LA C -787 3794 1.00000 1 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION TRUST 6400 PERKINS RD BATON ROUGE LA 70808 726144525 GRANTOR TRUST LA T 106313 718447 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0