2022-05-16T10:58:16-05:00 2021-06-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2020-07-01 581767810 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PENN 2257632500 6400 PERKINS ROAD BATON ROUGE LA 70808 REBECCA F SCHUTTE PRESIDENT & CHIEF EXECUTIVE OFFICER 2257632500 2022-05-12 1 REBECCA SCHUTTE 999009999 MEGAN COURTNEY P01571790 2259224600 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z REBECCA F SCHUTTE 6400 PERKINS ROAD BATON ROUGE LA 70808 10752833 0 X WWW.PBRF.ORG X 1988 LA THE MISSION OF THE PENNINGTON BIOMEDICAL RESEARCH FOUNDATION IS TO SUPPORT THE WORK OF LSU'S PENNINGTON BIOMEDICAL RESEARCH CENTER, WHICH AIMS TO DISCOVER THE TRIGGERS OF CHRONIC DISEASES THROUGH INNOVATIVE REASEARCH THAT IMPROVES HUMAN HEALTH. 22 22 14 100 5849 4849 3088442 3467264 0 0 547966 1166048 404144 755308 4040552 5388620 0 0 0 0 1717735 2231856 0 0 675932 2640767 2260866 4358502 4492722 -317950 895898 25592081 26941603 7889826 8726325 17702255 18215278 THE MISSION OF THE PENNINGTON BIOMEDICAL RESEARCH FOUNDATION IS TO SUPPORT THE WORK OF LSU'S PENNINGTON BIOMEDICAL RESEARCH CENTER, WHICH AIMS TO DISCOVER THE TRIGGERS OF CHRONIC DISEASES THROUGH INNOVATIVE REASEARCH THAT IMPROVES HUMAN HEALTH. 0 0 478812 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES ANNUAL FUNDING TO THE PENNINGTON BIOMEDICAL RESEARCH CENTER FOR ENDOWED CHAIRS, PROFESSORSHIPS, AND POSTDOCTORAL FELLOWSHIPS. THIS FUNDING SUPPORTS FACULTY SUPPLEMENTS, RESEARCH EQUIPMENT, SUPPLIES, TRAVEL, AND OTHER VITAL RESEARCH COSTS. THE FOUNDATION MAINTAINS 9 ENDOWED CHAIRS, 6 ENDOWED PROFESSORSHIPS, AND 2 ENDOWED POSTDOCTORAL FELLOWSHIPS. 2445328 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 & PREVENTION, CHILDHOOD OBESITY & PUBLIC HEALTH, DIABETES, AND OBESITY. 281928 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES THE PENNINGTON BIOMEDICAL RESEARCH CENTER WITH PROGRAMMATIC FUNDING FOR THREE MAJOR AREAS: PRIORITY RESEARCH PROGRAMS THAT 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. 3206068 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 16 0 1 14 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO DC FL IL LA MD MA MI MN NJ NY SC TN WA KY NC X X REBECCA SCHUTTE 2257632511 6400 PERKINS RD BATON ROUGE LA 70808 ADAM KNAPP EX-OFFICIO 1.00 X 0 0 0 ANN WILKINSON BOARD MEMBER 1.00 X 0 0 0 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 CHARLES W LAMAR BOARD MEMBER 1.00 X 0 0 0 CHRIS HASKEW BOARD MEMBER 1.00 X 0 0 0 CHRISTEL C SLAUGHTER PHD BOARD MEMBER 1.00 X 0 0 0 CLAUDE B PENNINGTON BOARD MEMBER 1.00 X 0 0 0 DARYL B PENNINGTON BOARD MEMBER 1.00 X 0 0 0 FRAN HARVEY BOARD MEMBER 1.00 X 0 0 0 GEORGE D NELSON JR BOARD MEMBER 1.00 X 0 0 0 J GERARD JERRY JOLLY BOARD MEMBER 1.00 X 0 0 0 JS SI BROWN III BOARD MEMBER 1.00 X 0 0 0 JAKE L NETTERVILLE EX-OFFICIO 1.00 X 0 0 0 JANET L OLSON IMMEDIATE PAST CHAIR 1.00 X 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 KIRWAN PHD EX-OFFICIO 1.00 X 0 0 0 JOHN SPAIN BOARD MEMBER 1.00 X 0 0 0 KAREN WILLIAMS MD BOARD MEMBER 1.00 X 0 0 0 LEROY HARVEY BOARD MEMBER 1.00 X 0 0 0 MARVIN BORGMEYER BOARD MEMBER 1.00 X 0 0 0 MARY WERNER EX-OFFICIO EX-OFFICIO 1.00 X 0 0 0 MAXINE CORMIER BOARD MEMBER 1.00 X 0 0 0 MONICA ZUMO CHAIRPERSON 1.00 X X 0 0 0 PAULA P DE LA BRETONNE BOARD MEMBER 1.00 X 0 0 0 SHARON WESTON BROOME EX-OFFICIO 1.00 X 0 0 0 THOMAS GALLIGAN PHD EX-OFFICIO EX-OFFICIO 1.00 X 0 0 0 VENEETH IYENGAR BOARD MEMBER 1.00 X 0 0 0 ANDRE GREENE CFO 40.00 X 0 0 0 BRAD JEWELL SENIOR VP/CFO & COO (1/1-11/24/2020) 40.00 X 180614 0 16585 REBBECA SCHUTTE PRESIDENT/CEO 40.00 X 125757 0 4271 306371 0 20856 2 0 1 0 CARE VENTURES LLC 6400 PERKINS ROAD BATON ROUGE LA 70808 CONSULTING SERVICES 378750 COMMUNITY COUNSELING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 19182 CONSELING SERVICES 100405 2 1279031 2188233 307611 3467264 568822 5849 562973 5961439 5364213 597226 597226 597226 FUND MANAGEMENT 900099 541442 541442 OTHER INCOME 900099 210866 210866 PMF COST RECOVERY 900099 3000 3000 755308 5388620 755308 5849 1160199 X 352113 259613 92500 1635846 1165171 46408 424267 243897 109832 42867 91198 20600 20600 311644 222678 88966 1408854 1370398 33083 5373 14642 8757 5708 177 6105 3348 396 2361 17628 14893 225 2510 7692 7692 59610 59610 MISCELLANEOUS 220505 207011 9322 4172 OPERATIONS & MAINTENANC 207563 164069 20009 23485 RESEARCH SUPPLIES & EQU 154987 154987 BUSINESS DEVELOPMENT 148100 125339 22761 -317064 -340415 16223 7128 4492722 3206068 610722 675932 155765 166191 221267 236984 1423675 492467 152022 3881 64304 36220 19910 19910 0 0 23554342 24588826 20706 1417034 25592081 26941603 88712 270159 156972 602445 128902 0 7515240 7853721 7889826 8726325 X 2106453 2094797 15595802 16120481 17702255 18215278 25592081 26941603 X 895898 16967 -399842 X X 0 1 X 1 0 X 1671495 2647886 2373607 3068436 4031345 13792769 1671495 2647886 2373607 3068436 4031345 13792769 3578412 10214357 1132996 1115548 2131968 547966 568822 5497300 569094 409405 313111 424150 755308 2471068 21761137 0.46940 0.43470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20600 20600 5036203 5056803 402840 100710 0 0 336612 308462 365664 402840 1413578 2120367 12498 24557 28931 20600 86586 84153 77116 91416 100710 353395 530093 10926532 187000 3714309 784174 14043667 11564003 187500 -14647 810324 10926532 11708484 322530 405054 872065 11564003 11791407 100171 691697 874791 11708484 11211444 372001 1202579 994617 11791407 0.01700 0.62700 0.35600 0 0 19910 19910 0 0 INVESTMENT SECURITIES-RESTRICTED 23519490 F ANNUITY HELD BY RABBI TRUST 619495 F BENEFICIAL INTEREST IN LEAD TRUST 449841 F 24588826 CONSTRUCTION IN PROGRESS 1417034 1417034 FUNDS HELD IN CUSTODY 7234146 OTHER LIABILITES 80 RETIREMENT OBLIGATION 619495 7853721 X 8513291 2706408 564081 73900 3344389 5168902 88966 130752 219718 5388620 4961993 564081 564081 4397912 88966 5844 94810 4492722 PART V, LINE 4: THE FOUNDATION MANAGES ENDOWED CHAIRS, PROFESSORSHIPS, AND POSTDOCTORAL FELLOWSHIPS 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 HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. 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 AT JUNE 30, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST TRUSTS 73,900. PART XI, LINE 4B - OTHER ADJUSTMENTS: BRAY RABBI TRUST INTEREST INCOME 130,752. PART XII, LINE 4B - OTHER ADJUSTMENTS: TAX DEPRECIATION 5,844. X X X X X X X 1 CARE VENTURES LLC 6400 PERKINS ROAD BATON ROUGE LA 70808 CONSULTING SERVICES 0 0 0 378750 378750 X 0 1 X X X 0 0 0 0 0 0 0 0 0 BRAD JEWELL SENIOR VP/CFO & COO (1/1-11/24/2020) 180614 0 0 0 0 0 8682 0 7903 0 197199 0 0 0 X 8 307661 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 PAULA PENNINGTON DE LA BRETONNE, DARYL B. PENNINGTON, AND CLAUDE B. PENNINGTON HAVE A BUSINESS RELATIONSHIP AND A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B 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 IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,370,398. MANAGEMENT AND GENERAL EXPENSES 33,083. FUNDRAISING EXPENSES 5,373. TOTAL EXPENSES 1,408,854. FORM 990, PART XI, LINE 9: BOOK TO TAX DIFFERENCE -130,741. PRIOR YEAR ENHANCEMENT -366,295. UNREALIZED GAIN AND LOSS 97,194. 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 1.00000 1 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION TRUST 6400 PERKINS RD BATON ROUGE LA 70808 726144525 GRANTOR TRUST LA T 1.00000 1 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 1 0 1