2012-04-03T13:44:35-05:00 2011-06-30 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2010-07-01 952138184 LOS ANGELES BIOMEDICAL RESEARCH INSTITUTE AT HARBOR-UCLA MEDICAL CENTER LOSA 3102223605 1124 W CARSON ST BLDG N-14 TORRANCE CA 90502 TOM PLOTTS 3102223605 2012-03-26 1 3109822806 2010 2016-02-24 21:20:13Z DAVID I MEYER 1124 W CARSON ST BLDG N-14 TORRANCE CA 90502 96894075 0 X WWW.LABIOMED.ORG X 1952 CA TO ENGAGE IN BIOMEDICAL RESEARCH, EDUCATE, AND PROVIDE COMMUNITY HEALTH SERVICES. 30 21 991 220 0 0 65146800 65839630 1895076 2431901 861331 1483840 5832518 6344817 73735725 76100188 0 0 0 0 46978985 48588060 0 0 451301 25548538 25894038 72527523 74482098 1208202 1618090 67231024 72347411 26053672 27970825 41177352 44376586 X ENGAGING IN BIOMEDICAL RESEARCH, TRAINING OF YOUNG SCIENTISTS, AND PROVIDING COMMUNITY HEALTH SERVICES. 0 0 27872619 MEDICAL RESEARCH: MEDICAL RESEARCH, SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH AND OTHER FEDERAL, STATE AND PRIVATE AGENCIES, COVERING MANY DIVERSE MEDICAL AND SCIENTIFIC AREAS OF INTEREST IN HUMAN HEALTH. 4910398 SCIENCE & TECHNOLOGY: BIOMEDICAL RESEARCH TRAINING OF INTERNS, RESIDENTS, FELLOWS, AND POST GRADUATES 19858410 2431901 HEALTH CARE PROGRAM: LA BIOMED CLINICAL OUTREACH INCLUDES WOMEN, INFANTS AND CHILDREN (WIC) CLINICS, PARTICIPATION IN THE SOUTH LOS ANGELES BEST BABIES COLLABORATIVE, IMMUNIZE LA KIDS COALITION, NEWBORN SCREENING PROGRAM, PERINATAL ACCESS PROGRAM, A WOMEN'S HEALTHCARE CLINIC, AND VARIOUS EDUCATIONAL PROGRAMS. 5899344 OTHER PROGRAM SERVICES: INCLUDES SALES OF BIOMEDICAL SERVICES AND PRODUCTS AND ROYALTY PAYMENTS 5899344 58540771 1 1 0 1 0 0 0 0 1 1 0 0 0 1 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 1 0 0 0 0 1 197 0 1 991 1 0 0 0 0 0 0 0 0 0 0 X 30 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THOMAS PLOTTS 3102223605 1124 W CARSON ST BLDG N-14 TORRANCE CA 90502 X SCOTT SOMERS 2.00 X X 0 0 0 RONALD SWERDLOFF 18.00 X X 120722 0 21126 RICHARD LEARNED 2.00 X X 0 0 0 ERIC DAAR 20.00 X X 134117 0 23470 NOAH CRAFT 6.00 X 75000 0 13125 ELI IPP 11.00 X 87912 0 15385 ADAM JONAS 7.00 X 23698 0 4147 IRA LESSER 2.00 X 4000 0 700 JOHN MCDONALD 2.00 X 0 0 15290 WILLIAM STRINGER 5.00 X 9000 0 1575 LAWRENCE BOLTON 2.00 X 0 0 0 JAMES BROWN 2.00 X 0 0 0 JAMES BUCH 2.00 X 0 0 0 WEBB CASTOR 2.00 X 0 0 0 DOROTHY AVILA COURTNEY 2.00 X 0 0 0 ROBERT DALY 2.00 X 0 0 0 ALLAN FREW 2.00 X 0 0 0 RICHARD GLASSOCK 2.00 X 0 0 0 JEFFREY GRANT 2.00 X 0 0 0 JOHN LARSON 2.00 X 0 0 0 SANDRA MCPEAK 2.00 X 0 0 0 STEVEN NISSEN 2.00 X 0 0 0 ANDREW SOBEL 2.00 X 0 0 0 SAMUEL WISON 2.00 X 0 0 0 GAIL ANDERSON 2.00 X 0 0 0 MIGUEL ORTIZ-MARROQUIN 2.00 X 0 0 0 RICK HIGGINS 2.00 X 0 0 0 MICHAEL YEAMAN 34.00 X 143247 0 28685 CAROLE WAGNER VALLIANOS 2.00 X X 0 0 0 DAVID MEYER 40.00 X X 345712 0 16500 JAY SCHOENAU 40.00 X 194064 0 21347 JIM HANSBERRY 40.00 X 133227 0 3653 SUSAN PARTRIDGE 40.00 X 184653 0 23964 MALCOLM S BARANOV 40.00 X 197069 0 23539 CHRISTINA WANG 20.00 X 180225 0 31545 ASHRAF IBRAHIM 40.00 X 160532 0 40258 MATTHEW BUDOFF 30.00 X 230820 0 51964 RONALD OUDIZ 40.00 X 168347 0 41084 ALBERT PARLOW 40.00 X 193299 0 37444 2585644 0 414801 35 0 1 0 CBIZ BENEFITS & INS PO BOX 846134 DALLAS TX 75284 INSURANCE 5123740 EMIL KAKKIS MD PHD 2512 LAGUNA VISTA DRIVE NOVATO CA 94945 ROYALTIES 1923270 CEDARS-SINAI MED CENTER 2923 PULLMAN STREET SANTA ANA CA 92705 HEALTH CARE PROVIDER 1549528 CA WIC ASSOCIATION 1490 DREW DRIVE DAVIS CA 95618 HEALTH CARE AGENCY 1016454 LUNDSTROM & ASSOCIATES 8700 BEVERLY BLVD ROOM 1738 LOS ANGELES CA 90048 ARCHITECT 489846 43 49345 234940 64634789 920556 65839630 SERVICE BILLINGS 900099 2431901 2431901 2431901 1232963 1232963 6097370 6097370 109251 109251 109251 109251 21044764 20793887 250877 250877 250877 BAD DEBT 900099 138196 138196 138196 76100188 2431901 0 7828657 1971173 1469527 501646 36110589 29628844 6198186 283559 351226 162781 188445 10155072 8290853 1776833 87386 653076 164068 489008 157970 39682 118288 23100 23100 105301 105301 588320 449014 119677 19629 2060732 2060732 4200664 2674519 1526145 1238864 1197622 40679 563 419368 419368 1955424 1955424 565453 134408 431045 SUPPLIES AND SERVICES 9090780 7456634 1573982 60164 SUBCONTRACTS 3752002 3729809 22193 RESEARCH SUBJECTS 463942 463942 PATIENT COSTS 330412 329706 706 FELLOWSHIPS 288630 288630 74482098 58540771 15490026 451301 1200 1200 16005676 20776400 12116677 11911559 163921 676458 61864713 46131116 15411474 15733597 23338105 23042967 193971 205230 67231024 72347411 6791421 8808450 4864410 5855545 6322820 6031000 8075021 7275830 26053672 27970825 X 31428269 34238479 7950313 8259337 1798770 1878770 41177352 44376586 67231024 72347411 X 1618090 1581144 X 0 1 1 X 1 1 X HARBOR-UCLA MEDICAL CENTER TORRANCE CA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 23100 23100 60924396 60947496 1000000 250000 0 0 1000000 1000000 2000000 3000000 37805 23100 60905 250000 250000 500000 750000 0 1699573 80000 96468 1876041 1376790 262027 60756 1699573 1570350 147143 -340703 1376790 0.00000 1.00000 0.00000 0 0 419916 419916 28466291 17357535 11108756 32978506 28773581 4204925 15733597 SWAP DERIVATIVE HEDGING ACTIVITIES 1050393 ACCRUED BENEFITS & CGA 6225437 7275830 76100188 74482098 1618090 1003347 577797 1581144 3199234 77437835 1003347 577797 1581144 75856691 105301 138196 243497 76100188 74238601 -138196 -138196 74376797 105301 105301 74482098 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: LA BIOMED'S ENDOWMENT FUNDS ARE INVESTED AND MANAGED ACCORDING TO THEIR INVESTMENT AND SPENDING POLICIES. THESE POLICIES ATTEMPT TO PROVIDE A CONSISTENT RETURN ON ASSETS IN ORDER TO ACHIEVE A STABLE STREAM OF FUNDING FOR PROGRAMS SUPPORTED BY LA BIOMED'S ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: LA BIOMED HAS RECEIVED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE AND CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE, RESPECTIVELY. LA BIOMED RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. LA BIOMED IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA PURPOSES IS FOUR YEARS. PART XI, LINE 8 - OTHER ADJUSTMENTS: FAS 158 - POST RETIREMENT ADJUSTMENTS 472,347. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 105,450. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS 472,347. INTEREST RATE SWAP 105,450. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT INCOME 138,196. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT INCOME NET WITH EXPENSES -138,196. X X X X X 0 0 0 0 0 0 0 0 0 ERIC DAAR 134117 0 0 0 0 0 23470 0 0 0 157587 0 0 0 MICHAEL YEAMAN 143247 0 0 0 0 0 25068 0 3617 0 171932 0 0 0 DAVID MEYER 320712 0 25000 0 0 0 16500 0 0 0 362212 0 0 0 JAY SCHOENAU 194064 0 0 0 0 0 21347 0 0 0 215411 0 0 0 SUSAN PARTRIDGE 184653 0 0 0 0 0 20311 0 3653 0 208617 0 0 0 MALCOLM S BARANOV 197069 0 0 0 0 0 19986 0 3553 0 220608 0 0 0 CHRISTINA WANG 180225 0 0 0 0 0 31545 0 0 0 211770 0 0 0 ASHRAF IBRAHIM 160532 0 0 0 0 0 28093 0 12165 0 200790 0 0 0 MATTHEW BUDOFF 230820 0 0 0 0 0 40394 0 11570 0 282784 0 0 0 RONALD OUDIZ 168347 0 0 0 0 0 29460 0 11624 0 209431 0 0 0 ALBERT PARLOW 193299 0 0 0 0 0 33827 0 3617 0 230743 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LA BIOMED HAS ONE CLASS OF MEMBERS, REFERRED TO AS "REGULAR MEMBERS". REGULAR MEMBERS APPLY FOR MEMBERSHIP. IN ORDER TO BE ELIGIBLE FOR MEMBERSHIP, APPLICANTS MUST EITHER BE AN ACTIVE INVESTIGATOR, EDUCATOR, OR OTHER PERSON SERVING ON THE PROFESSIONAL STAFF OR BE AN INDIVIDUAL WITH AN ACTIVE INVOLVEMENT ON THE INSTITUTE. FORM 990, PART VI, SECTION A, LINE 7A REGULAR MEMBERS HAVE THE RIGHT TO ELECT MEMBERS OF THE BOARD OF DIRECTORS. BALLOTS ARE DISTRIBUTED TO REGULAR MEMBERS NO LESS THAN 21 DAYS AND NO MORE THAN 60 DAYS PRIOR TO THE DATE OF THE ANNUAL MEETING OR THE BALLOT DEADLINE DATE. ADDITIONALLY, UNANIMOUS APPROVAL IS REQUIRED BY REGULAR MEMBERS FOR THE REMOVAL OF A DIRECTOR WITHOUT CAUSE AND THE FILLING OF A VACANCY ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B UNANIMOUS APPROVAL OF REGULAR MEMBERS WHO ARE ELIGIBLE TO VOTE ARE REQUIRED FOR AMENDING THE ARTICLES OF INCORPORATION OF THE ENTITY AND DISSOLVING THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE WILL REVIEW THE PRELIMINARY TAX RETURN, ASK RELEVANT QUESTIONS TO THE PREPARER, AND APPROVE THE FILING OF THE TAX RETURN. A COPY OF THE FINAL DRAFT OF THE RETURN WILL BE FORWARDED TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, INSIDERS, AND SENIOR MANAGEMENT MUST READ AND SIGN OFF ON A CONFLICT OF INTEREST POLICY. EVERY BOARD MEMBER IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST AND REASONABLE EFFORTS QUESTIONNAIRE. UPON THE IDENTIFICATION OF ANY CONFLICTS, THE CHAIRMAN AND THE BOARD WILL DETERMINE THE PROPER PROCEDURE FOR ADDRESSING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT DETERMINES THE COMPENSATION OF THE TOP MANAGEMENT AND TOP FINANCIAL OFFICIALS (CEO AND CFO) OF THE ORGANIZATION INDEPENDENTLY AND THROUGH THE USE OF COMPENSATION STUDIES AND COMPARABLE DATA. THE BOARD OF DIRECTORS APPROVES THE COMPENSATION AND THE COMPENSATION AGREEMENT WITH THE PRESIDENT/CEO IN AN INDEPENDENT SESSION, WITHOUT PARTICIPATION OF THE INTERESTED PARTY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND OTHER ORGANIZATION GOVERNING DOCUMENTS ARE HELD AT LA BIOMED'S OFFICE AND ARE AVAILABLE TO THE PUBLIC BY WRITTEN OR VERBAL REQUEST. A COPY OF THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. COMPENSATION OF INVESTIGATORS AND RESEARCHERS FORM 990, PART VII SOME OF THE BOARD MEMBERS RECEIVE COMPENSATION AS A RESULT OF THEIR EMPLOYMENT AS INVESTIGATORS/RESEARCHERS. FOR THE MOST PART, COMPENSATION PAID TO RESEARCHERS AND INVESTIGATORS IS BASED ON RATES APPROVED BY THIRD PARTY SPONSORING AGENCIES, TAKING INTO ACCOUNT THE SPECIALIZED KNOWLEDGE AND OVERSIGHT DUTIES OF THE RESEARCHERS AND INVESTIGATORS FOR THE PROJECTS UNDER THEIR DIRECTION. SUCH AMOUNTS ARE NOT DETERMINED BY ANY INSIDER OF THE ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,003,347. FAS 158 - POST RETIREMENT ADJUSTMENTS 472,347. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 105,450. TOTAL TO FORM 990, PART XI, LINE 5: 1,581,144. FUNDRAISING EXPENSES FORM 990, PART 1, LINE 16B THE ENTITY RECEIVES THE VAST MAJORITY OF ITS FUNDING ON AN ANNUAL BASIS FROM FEDERAL, STATE, COUNTY AND CITY GOVERNMENTAL SOURCES. THE ENTITY SPENDS A RELATIVELY SMALL AMOUNT OF EXPENSES IN OBTAINING GOVERNMENT FUNDING, DUE TO THE LARGE NATURE OF GOVERNMENT GRANTS. IN THE FISCAL YEAR ENDING 6/30/11, IN ADDITION TO GOVERNMENT GRANTS, THERE WAS $920,556 OF PRIVATE GIFTS, GRANTS, AND CONTRIBUTIONS RAISED THROUGH THE ENTITY'S FUNDRAISING EFFORTS. LOS ANGELES BIOMEDICAL RESEARCH FOUNDATION 1124 W CARSON STREET BLDG N-14 TORRANCE CA 90502 330781895 SUPPORT ORGANIZATION CA 501(C)(3) LINE 11C, III-FI LOS ANGELES BIOMEDICAL RESEARCH INST 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 LOS ANGELES BIOMEDICAL RESEARCH FOUNDATION AT HARBOR-UCLA MEDICAL CENTER C 234940 CASH LOS ANGELES BIOMEDICAL RESEARCH FOUNDATION AT HARBOR-UCLA MEDICAL CENTER P 308744 CASH