2014-05-08T14:48:38-05:00 2013-06-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2012-07-01 581767810 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PENN 2257632500 6400 PERKINS ROAD BATON ROUGE LA 70808 BRAD JEWELL 2257632500 2014-05-08 1 RALPH STEPHENS P00638118 2259224600 2012 2015-11-30 17:44:51Z JENNIFER G WINSTEAD 6400 PERKINS ROAD BATON ROUGE LA 70808 9687153 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. 26 26 10 100 1897 0 2138339 4188086 0 0 606176 913263 417044 340081 3161559 5441430 0 11200 0 0 2158852 1977273 107835 168000 618276 1225462 1030936 3492149 3187409 -330590 2254021 23907425 25525736 7979439 7890706 15927986 17635030 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 818800 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. 818433 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. 325015 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES FUNDING TO PENNINGTON BIOMEDICAL RESEARCH CENTER FACULTY MEMBERS FOR CRITICAL RESEARCH EQUIPMENT AND SUPPLIES IN THE AREAS OF BASIC RESEARCH, CLINICAL RESEARCH, AND POPULATION RESEARCH. 158425 11200 OTHER DIRECT SUPPORT AND ASSISTANCE TO PENNINGTON BIOMEDICAL RESEARCH CENTER 158425 11200 2120673 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 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 23 0 1 10 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 26 26 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ CA CO DC FL IL MD MA MI NJ NY OH SC TN WA LA MN X X J BRAD JEWELLCPAMPA 2257632511 6400 PERKINS RD BATON ROUGE LA 70808 JS BROWN III 1.00 X 0 0 0 C BRENT MCCOY 1.00 X X 0 0 0 NANETTE NOLAND 1.00 X 0 0 0 TIM A BARFIELD JR 1.00 X X 0 0 0 JOHN B NOLAND 1.00 X 0 0 0 CHARLES A LANDRY 1.00 X 0 0 0 PAULA P DE LA BRETONNE 1.00 X 0 0 0 CLAY M ALLEN 1.00 X 0 0 0 MAXINE CORMIER 1.00 X 0 0 0 J GERARD JOLLY 1.00 X X 0 0 0 LUKE KISSAM 1.00 X 0 0 0 ANNETTE D BARTON 1.00 X X 0 0 0 ELIZABETH S NALTY 1.00 X 0 0 0 J HEBERT BOYDSTUN 1.00 X 0 0 0 CARL S LUIKART MD 1.00 X 0 0 0 ELIZABETH QUERBES SAMMONS 1.00 X 0 0 0 JOHN SPAIN 1.00 X 0 0 0 GEORGE D NELSON JR 1.00 X 0 0 0 ROBERT W DAIGLE 1.00 X 0 0 0 C KRIS KIRKPATRICK 1.00 X 0 0 0 MYRON E MOOREHEAD MD 1.00 X 0 0 0 JANET L OLSON 1.00 X 0 0 0 KEVIN P REILLY JR 1.00 X 0 0 0 JOHN GRAVES 1.00 X 0 0 0 NICOLAS PERKIN 1.00 X 0 0 0 LEONARD SULLIVAN 1.00 X 0 0 0 JOHN G TURNER 1.00 X 0 0 0 MONICA ZUMO 1.00 X 0 0 0 J BRAD JEWELL 42.00 X 130298 0 10747 JENNIFER G WINSTEAD 50.00 X 169039 0 9385 MAYOR MELVIN HOLDEN 1.00 X 0 0 0 ADAM KNAPP 1.00 X 0 0 0 STEVEN HEYMSFIELD MD 1.00 X 0 0 0 WILLIAM JENKINS PHD 1.00 X 0 0 0 JAMES R MCILWAIN 1.00 X 0 0 0 299337 0 20132 2 0 1 0 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 27462 NEW YORK NY 100877462 PROSPECT RESEARCH AND PROFESSIONAL ADVIS 206835 1 3470 4184616 168001 4188086 590282 1897 588385 4484413 4161432 322981 322981 322981 210895 3470 84291 126604 126604 FUND MANAGEMENT 900099 148763 148763 PMF COST RECOVERY 900099 50000 50000 OTHER INCOME 900099 14714 14714 213477 5441430 536458 1897 714989 11200 11200 293154 212041 81113 1237148 1002806 4472 229870 446971 339288 39695 67988 168000 168000 263777 198763 65014 136823 92898 43925 14942 3953 10226 763 67056 65205 1705 146 84842 80796 1038 3008 118 118 22569 22569 RESEARCH SUPPLIES & EQU 195910 195910 BUSINESS DEVELOPMENT 96631 32205 8195 56231 OPERATIONS & MAINTENANC 48899 40553 3534 4812 PRINTING 32345 26950 5395 67024 30146 30533 6345 3187409 2120673 448460 618276 325722 79444 568358 759140 2272634 39192 6580 19873 10812 6785 6785 118 0 22763380 22587908 23907425 25525736 479277 299257 62500 0 7437662 7591449 7979439 7890706 X 1922892 1929450 5427457 7164567 8577637 8541013 15927986 17635030 23907425 25525736 X 2254021 -36723 -510254 X X 0 1 X 1 0 X 1559722 2218095 2044354 2138339 4188086 12148596 1559722 2218095 2044354 2138339 4188086 12148596 3436042 8712554 573215 548800 665527 606176 913264 3306982 279796 348012 342920 296286 213477 1480491 16936069 0.51440 0.46210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10492083 350100 1524427 1145225 11221385 11482402 226025 40613 1256957 10492083 10333620 100000 2160512 1111720 11482402 9565455 430025 1426452 1088378 10333620 12403386 30125 -2080902 787078 9565455 0.03000 0.76000 0.21000 0 0 6785 6785 0 0 INVESTMENT SECURITIES-RESTRICTED 21171438 F ANNUITY HELD BY RABBI TRUST 788543 F BENEFICIAL INTEREST IN LEAD TRUST 627927 F 22587908 FUNDS HELD IN CUSTODY 6801733 OTHER LIABILITES 1173 RETIREMENT OBLIGATION 788543 7591449 X 6267380 836599 45000 47568 929167 5338213 103217 103217 5441430 3317428 45000 85019 130019 3187409 0 3187409 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 84,291. CHANGE IN VALUE OF SPLIT INTEREST TRUSTS -36,723. PART XI, LINE 4B - OTHER ADJUSTMENTS: BRAY RABBI TRUST INTEREST INCOME 103,217. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING 84,291. PENNINGTON DISCOVERIES MGT PORTION 362. TAX DEPRECIATION 366. 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 168000 168000 168000 168000 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 214365 3470 210895 17246 67045 214365 3470 210895 17246 67045 84291 126604 EXPLANATION OF FUNDRAISING PAYMENTS 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. 0 PENNINGTON BIOMEDICAL RESEARCH CENTER A CAMPUS OF BOARD OF SUPERVISORS LSU 6400 PERKINS ROAD BATON ROUGE LA 70808 726000848 501(C)(3) 10000 SPECIAL PROJECT - ORGANIZATION PROVIDES OTHER PROGRAM SUPPORT TO PBRC AS OUTLINED ON PART IX. 1 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JENNIFER G WINSTEAD 169039 0 0 0 0 0 8452 0 933 0 178424 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 5 132499 FAIR MARKET VALUE X 8 7252 FAIR MARKET VALUE X CHIROFLOW PILLOW 1 70 FAIR MARKET VALUE X $50 GIFT CERTIFICATE 1 50 FAIR MARKET VALUE X $50 TARGET GIFT CARD 1 50 FAIR MARKET VALUE X WEB DESIGN 1 11480 FAIR MARKET VALUE X PRODUCTION OF SPONSOR VIDEO FOR 2013 THE ANSWER 1 5076 FAIR MARKET VALUE X PRINTING OF EVENT PROGRAMS 1 620 FAIR MARKET VALUE X 45' BY 8' RED CARPET RUNNER 1 720 FAIR MARKET VALUE X TABLE CLOTHS AND NAPKIN RENTALS 1 300 FAIR MARKET VALUE X 45 QT YETI COOLER 1 329 FAIR MARKET VALUE X KETEL ONE ICE LUGE WITH ONE CASE OF KETLE ONE VODK 1 3250 FAIR MARKET VALUE X FRESH CENTERPIECE 1 85 FAIR MARKET VALUE X 8 BACCARAT "CHATEAU" RED WINE GLASSES 1 680 FAIR MARKET VALUE X 8 CUSTOM MONOGRAM DINNER NAPKINS AND MATCHING PLAC 1 915 FAIR MARKET VALUE X 4 FLOOR SEATS TO AN LSU MEN'S SEC BASKETBALL GAME 1 200 FAIR MARKET VALUE X 2 MUSTANG EXPERIENCES AND 1 GROUP KARTING PARTY 1 2500 FAIR MARKET VALUE X 25 GREEN PLANT RENTALS, 2 VASED ARRANGEMENTS 1 875 FAIR MARKET VALUE X TROUTMASTERS 1 & 2 AUTOGRAPHED 1 50 FAIR MARKET VALUE X ROUND OF GOLF FOR 4 1 400 FAIR MARKET VALUE X STARTER WELLNESS PACKET 1 600 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 KEVIN P. REILLY JR. 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. CHARLES A. LANDRY AND ROBERT W. DAIGLE HAVE A BUSINESS RELATIONSHIP. ROBERT W. DAIGLE AND JOHN B. NOLAND HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 REMOVED TERM LIMITS FOR DIRECTORS IN THE ORGANIZATION'S BY LAWS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: BOOK TO TAX DIFFERENCE -103,217. PRIOR YEAR ENHANCEMENT 62,352. UNREALIZED GAIN AND LOSS -469,389. 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 -619 4581 1.00000 1 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION TRUST 6400 PERKINS RD BATON ROUGE LA 70808 726144525 GRANTOR TRUST LA T 103218 788543 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0