2013-04-08T12:51:22-05:00 2012-09-30 910189318 MOSS ADAMS LLP 6100 UPTOWN BLVD NE STE 400 ALBUQUERQUE NM 87110 990 2011-10-01 850110669 LOVELACE RESPIRATORY RESEARCH INSTITUTE LOVE 5053489383 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 RICHARD MCGIVNEY 5053489383 2013-04-02 1 ANTHONY W ROYLE P00627895 5058787200 2011 2016-02-25 16:41:14Z RICHARD MCGIVNEY 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 57499530 0 X WWW.LRRI.ORG X 1965 NM THE LOVELACE RESPIRATORY RESEARCH INSTITUTE (LRRI) IS A PRIVATE, BIOMEDICAL RESEARCH ORGANIZATION DEDICATED TO IMPROVING PUBLIC HEALTH THROUGH RESEARCH ON THE PREVENTION, TREATMENT AND CURE OF RESPIRATORY DISEASE. LRRI IS COMMITTED TO CURING RESPIRATORY DISEASES THROUGH RESEARCH AIMED AT UNDERSTANDING THEIR CAUSES AND BIOLOGICAL MECHANISMS; ASSESSING AND ELIMINATING EXPOSURES TO RESPIRATORY HEALTH HAZARDS; AND DEVELOPING IMPROVED THERAPEUTICS, VACCINES, AND DIAGNOSTICS. LOVELACE BIOMEDICAL AND ENVIRONMENTAL RESEARCH INSTITUTE (LBERI) IS A WHOLLY OWNED SUBSIDIARY OF LOVELACE RESPIRATORY RESEARCH INSTITUTE (LRRI). LRRI MANAGES ALL GOVERNMENT CONTRACTS FOR LBERI. LBERI OFFERS CAPABILITIES FOR RESEARCH, DEVELOPMENT, TESTING, AND EVALUATION (RDT&E) TO PROVIDE IMPROVED MEDICAL COUNTERMEASURES AGAINST CHEMICAL, BIOLOGICAL, RADIOLOGICAL, NUCLEAR (CBRN), EMERGING, AND ENVIRONMENTAL THREATS. LRRI IS BASED IN ALBUQUERQUE, NEW MEXICO, EMPLOYS 1200 PEOPLE, AND IS A $125 MILLION COMPANY. 20 19 121 19 0 0 46635895 39436904 10822270 9633052 825291 1340108 17160 1469474 58300616 51879538 0 0 0 0 38932613 43423748 0 0 0 5420040 6275632 44352653 49699380 13947963 2180158 113814013 124569232 31408122 30600521 82405891 93968711 X THE LOVELACE RESPIRATORY RESEARCH INSTITUTE (LRRI) IS A PRIVATE, BIOMEDICAL RESEARCH ORGANIZATION DEDICATED TO IMPROVING PUBLIC HEALTH THROUGH RESEARCH ON THE PREVENTION, TREATMENT AND CURE OF RESPIRATORY DISEASE. LRRI IS COMMITTED TO CURING RESPIRATORY DISEASES THROUGH RESEARCH AIMED AT UNDERSTANDING THEIR CAUSES AND BIOLOGICAL MECHANISMS; ASSESSING AND ELIMINATING EXPOSURES TO RESPIRATORY HEALTH HAZARDS; AND DEVELOPING IMPROVED THERAPEUTICS, VACCINES, AND DIAGNOSTICS. LOVELACE BIOMEDICAL AND ENVIRONMENTAL RESEARCH INSTITUTE (LBERI) IS A WHOLLY OWNED SUBSIDIARY OF LOVELACE RESPIRATORY RESEARCH INSTITUTE (LRRI). LRRI MANAGES ALL GOVERNMENT CONTRACTS FOR LBERI. LBERI OFFERS CAPABILITIES FOR RESEARCH, DEVELOPMENT, TESTING, AND EVALUATION (RDT&E) TO PROVIDE IMPROVED MEDICAL COUNTERMEASURES AGAINST CHEMICAL, BIOLOGICAL, RADIOLOGICAL, NUCLEAR (CBRN), EMERGING, AND ENVIRONMENTAL THREATS. LRRI IS BASED IN ALBUQUERQUE, NEW MEXICO, EMPLOYS 1200 PEOPLE, AND IS A $125 MILLION COMPANY. 0 0 41434244 9633052 MEDICAL RESEARCH AND EDUCATIONAL ACTIVITY IN THE AREAS OF BASIC BIOMEDICAL RESEARCH, HEALTH AND POPULATION STUDIES, PRIMARILY IN RESPIRATORY DISEASES SUCH AS ASTHMA, COPD, ALLERGY AND TOXIC EFFECTS OF ENVIRONMENTAL FACTORS. 41434244 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 193 0 1 121 1 1 1 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X RICHARD MCGIVNEY CFO 5053489389 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 FRANK BOND 2.00 X X 0 0 0 JACQUELINE LOVELACE JOHNSON 2.00 X X 0 0 0 JUDY JONES 2.00 X X 0 0 0 DR ROBERT RUBIN 40.00 X X 618895 0 79755 JAMES SWENBERG DVM PHD 2.00 X X 0 0 0 W PHELPS ANDERSON 2.00 X 0 0 0 AUGUSTINE CHOI MD 2.00 X 0 0 0 NORMAN CORZINE 2.00 X 0 0 0 JANE DELGADO PHD 2.00 X 0 0 0 MAJOR GENERAL JOHN DOESBURG 2.00 X 0 0 0 GREGORY DOWNEY MD 2.00 X 0 0 0 DAVID DURGIN 2.00 X 0 0 0 SARA EASTERSON-BOND MFA 2.00 X 0 0 0 JOE FULCHER 2.00 X 0 0 0 JACK MCCARTHY MD 2.00 X 0 0 0 CATHERINE SELLMAN 2.00 X 0 0 0 JOHN SHELTON 2.00 X 0 0 0 CHRISTOPHER SPENCER CPA 2.00 X 0 0 0 PAMELA SULLIVAN 2.00 X 0 0 0 MELVIN TWIEST 2.00 X 0 0 0 FRANCES FELPS-LAUR 40.00 X 92045 0 19276 RICHARD MCGIVNEY 40.00 X 219712 0 34390 CHERYL DEVAUL 40.00 X 200530 0 27330 MATTHEW REED 40.00 X 179941 0 30938 CHESTER LEACH JR 40.00 X 178542 0 8509 CHRISTOPHER MERRIAM-LEITH 40.00 X 162933 0 13838 LORETTA GUERRA 40.00 X 153946 0 20415 GARY LARUE 40.00 X 143472 0 26856 WILLIAM BECHTOLD 40.00 X 144236 0 24615 RACHEL BLEA 40.00 X 120467 0 20064 NANCY CROWLEY 40.00 X 118766 0 12879 2333485 0 318865 11 0 1 0 ERNST & YOUNG LOCKBOX 1867-PO BOX 8500 101 NIND PHILADELPHIA PA 19106 CONSULTING 977108 EVCO PARTNERS LP DBA BURGOON COMPANY PO BOX 1168 GALVASTON TX 77553 EQUIPMENT AND SUPPLIES 336518 QUALITY MANAGEMENT SERVICES LLC 5235 WESTVIEW DRIVE STE 100 FREDERICK MD 21703 TRAINING 248590 PRECISION X-RAY 15 COMMERCE DRIVE N BRANFORD CT 06471 EQUIPMENT 170171 SEMFIN GROUP LLC 6888 ELM STREET SUITE 100 MCLEAN VA 22101 CONSULTING 145248 5 39433448 3456 39436904 BIOMEDICAL RESEARCH 541700 9633052 9633052 9633052 789913 789913 61222 61222 32000 32000 0 0 6138187 5587992 550195 550195 550195 HIGH WAGE TAX CREDIT 900099 1394088 1394088 OTHER INCOME REBATES 900099 14164 14164 1408252 51879538 9633052 0 2809582 1806416 1611676 194740 29576689 26388189 3188500 2871667 2562088 309579 6587431 5036826 1550605 2581545 2303243 278302 488400 488400 140597 140597 66873 66873 85930 53892 32038 113933 113933 85919 85919 32620 32620 1174855 779673 395182 388121 388121 2303466 1925026 378440 528074 528074 CORPORATE ALLOCATION 866844 773631 93213 49699380 41434244 8265136 0 653796 1127081 1332590 275527 5036293 5099696 -136795 438537 598850 24282570 11865972 12910939 12416598 38694369 42442727 54884284 62608753 113814013 124569232 9550556 8258828 2183615 1331908 13519221 8095796 5600411 12134010 554319 779979 31408122 30600521 X 82405891 93968711 82405891 93968711 113814013 124569232 X 2180158 9382662 X 0 1 1 X 1 1 X 6058324 2460553 1035959 46635895 39436904 95627635 6058324 2460553 1035959 46635895 39436904 95627635 1250458 94377177 1285659 1981756 945657 632710 883135 5728917 100742 100742 232166 116638 1408252 1757056 103214350 86050778 0.91440 0.85120 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 66873 0 0 66873 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE ORGANIZATION'S LOBBYING ACTIVITIES ARE PRIMARILY FOR THE PURPOSE OF OBTAINING AND MAINTAINING THEIR GOVERNMENTAL FUNDING SOURCES. 104544 106912 211456 13019197 6788205 6230992 6392274 1797212 4595062 4128354 3280555 847799 531289 531289 12416598 BOND ISSUANCE COST 113288 INTERCOMPANY RECEIVABLE 56749377 INVESTMENT IN LSR -911216 NON-COMPETE & GOODWILL 1485132 DEFERRED COMP 457(B) & 457(F) 779979 SSA OTHER ASSET 8421 AFFILIATION - MRN ASSET PURCHASE 4383772 62608753 DEFERRED COMP 457(B) AND 457(F) 779979 779979 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AS OF SEPTEMBER 30, 2012 AND 2011, THE COMPANY PERFORMED A REVIEW OF ITS MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY US GAAP. AS A RESULT OF THIS REVIEW, LRRI, LBERI AND MRN QUALIFIED AS TAX EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE IRC AND HAD NO UNREPORTED INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AND DID NOT IDENTIFY ANY ENTITY LEVEL TAX POSITIONS FOR LRRI, LBERI, MRN, LSR, ALIVE OR SSA THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT THRESHHOLD. THE COMPANY FILES TAX RETURNS AS PRESCRIBED BY THE TAX LAWS OF THE JURISDICTIONS IN WHICH IT OPERATES. IN THE NORMAL COURSE OF BUSINESS, THE COMPANY IS SUBJECT TO EXAMINATION BY FEDERAL, STATE, LOCAL AND FOREIGN JURISDICTIONS, WHERE APPLICABLE. AS OF SEPTEMBER 30, 2012, THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE MAJOR TAX JURISDICTIONS UNDER THE STATUTE OF LIMITATIONS ARE FROM THE YEAR ENDED SEPTEMBER 30, 2008 AND FORWARD. THE COMPANY RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THERE WERE NO SUCH INTEREST OR PENALTIES RECORDED FOR THE YEARS ENDED SEPTEMBER 30, 2012 AND 2011. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 DR ROBERT RUBIN 510208 0 85000 0 23687 0 66048 0 13707 0 698650 0 0 0 RICHARD MCGIVNEY 200779 0 16000 0 2933 0 21607 0 12783 0 254102 0 0 0 CHERYL DEVAUL 168071 0 30000 0 2459 0 19407 0 7923 0 227860 0 0 0 MATTHEW REED 171434 0 7500 0 1007 0 17752 0 13186 0 210879 0 0 0 CHESTER LEACH JR 43829 0 134614 0 99 0 0 0 8509 0 187051 0 0 0 CHRISTOPHER MERRIAM-LEITH 136687 0 10000 0 16246 0 1599 0 12239 0 176771 0 0 0 LORETTA GUERRA 118652 0 25000 0 10294 0 14111 0 6304 0 174361 0 0 0 GARY LARUE 131500 0 10000 0 1972 0 14362 0 12494 0 170328 0 0 0 WILLIAM BECHTOLD 127412 0 15000 0 1824 0 13927 0 10688 0 168851 0 0 0 PART I, LINE 1A THE GROSS UP PAYMENT WAS FOR RELOCATION PROVIDED TO TWO KEY EMPLOYEES DURING THE FISCAL YEAR AND IS INCLUDED AS TAXABLE WAGES IN THE W-2. IT ALSO INCLUDES A GROSS UP PAYMENT TO COVER TAXES PAID FOR DR. RUBIN'S 457F PLAN. PART I, LINE 4B DR. RUBIN 457(F) PLAN - CONTRIBUTION IS $42,167 PART I, LINE 7 BONUSES ARE AWARDED ANNUALLY. MANAGEMENT IS PROVIDED AN AMOUNT, APPROVED BY THE BOARD, TO PAY IN ANNUAL BONUS. BONUS PAYMENTS ARE REVIEWED AND APPROVED BY THE EMPLOYEE'S DIRECT SUPERVISOR, HUMAN RESOURCES, CHRO AND CEO. CEO BONUS IS ESTABLISHED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. NEW MEXICO HOSPITAL EQUIPMENT LOAN COUNCIL 850426875 2009-06-01 11000000 RETIRE 2000A DEBT FACILITIES CONSTRUCTION 0 0 0 125000 5175000 5700000 411990 2010 1 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 1 0 0 0 0 0 SCHEDULE K, PART V THE ORGANIZATION IS IN THE PROCESS OF FINALIZING WRITTEN PROCEDURES TO ENSURE THAT THE VIOLATIONS OF THE FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CORRECTIVE ACTION PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED IN DRAFT FORM TO THE AUDIT AND COMPENSATION COMMITTEE AND TO THE FULL BOARD FOR REVIEW PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CODE OF CONDUCT THAT ADDRESSES CONFLICTS OF INTEREST. IT IS PRESENTED TO THE BOARD ANNUALLY. ADDITIONALLY, ALL EMPLOYEES, INCLUDING OFFICERS ARE REQUIRED TO READ AND ACKNOWLEDGE THE CODE ANNUALLY. IN ADDITION, IF A CONFLICT ARISES, THE CONFLICTED INDIVIDUAL RECUSES HIMSELF FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S AUDIT AND COMPENSATION COMMITTEES RECEIVE COMPENSATORY RECOMMENDATION FROM HUMAN RESOURCES AND FROM MANAGEMENT AS TO: 1. PERCENT BASE SALARY INCREASE FOR THE ORGANIZATION AS A WHOLE WITH TARGETS AND DOLLAR AMOUNT OF IMPACT ARE PRESENTED TO AND APPROVED BY THE AUDIT AND COMPENSATION COMMITTEE. 2. TARGET AMOUNT OF BONUS COMPENSATION FOR THE ENTIRE ORGANIZATION AND DOLLAR IMPACT ARE PRESENTED AND APPROVED BY THE AUDIT AND COMPENSATION COMMITTEE. 3. CEO COMPENSATION (BASE, BONUS AND DEFERRED COMPENSATION) IS REVIEWED TO MARKET VALUE FOR SIMILAR POSITIONS IN THE INDUCTRY AND APPROVED BY THE AUDIT AND COMPENSATION COMMITTEE. THIS PROCESS IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE PUBLIC DISCLOSURE COPY OF THE FORM 990 IS ALSO AVAILABLE VIA GUIDESTAR AND AT THE NEW MEXICO PUBLIC REGULATORY COMMISSION CHARITABLE ORGANIZATION REGISTRATION SYSTEM (NM-COROS). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 4,919,671. INCOME FROM SUBSIDIARY (LSR) 79,219. AFFILIATION - MRN ASSET PURCHASE 4,383,772. TOTAL TO FORM 990, PART XI, LINE 5: 9,382,662. SANDIA STAFFING ALLIANCE LLC 6301 INDIAN SCHOOL RD NE SUITE 204 ALBUQUERQUE NM 87110 320210366 RESEARCH AUGMENTATION NM 39433448 5249264 LOVELACE RESPIRATORY RESEARCH INSTITUTE LOVELACE BIOMEDICAL AND ENVIRONMENTAL RESEARCH INSTITUTE 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 510154068 BASIC AND APPLIED RESEARCH NM 501(C)(3) 7 LOVELACE RESPIRATORY RESEARCH INSTITUTE 1 THE MIND RESEARCH NETWORK 1101 YALE BLVD NE ALBUQUERQUE NM 87106 850457562 NEUROSCIENTIFIC RESEARCH NM 501(C)(3) 7 LOVELACE RESPIRATORY RESEARCH INSTITUTE 1 LOVELACE SCIENTIFIC RESOURCES 2441 RIDGECREST DR SE ALBUQUERQUE NM 87108 850357767 CLINICAL TRIALS AND OTHER MEDICAL SERVICES NM LOVELACE RESPIRATORY RESEARCH INSTITUTE C 2326651 2912718 1.00000 1 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 LOVELACE SCIENTIFIC RESOURCES (1 - I M N O P) 2016995 SANDIA STAFFING ALLIANCE (1 - ADIMNOP) 998907 LOVELACE BIOMEDICAL AND ENVIRONMENTAL RESEARCH INSTITUTE (1 - ADIMNOP 122076010