2016-05-11T21:06:02-05:00 2015-06-30 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2014-07-01 952138184 LOS ANGELES BIOMEDICAL RESEARCH INSTITUTE AT HARBOR-UCLA MEDICAL CENTER LOSA 3102223605 1124 W CARSON ST BLDG N-14 TORRANCE CA 90502 JIM HANSBERRY CONTROLLER 3102223605 2016-05-03 1 P00401346 3109822803 2014 2016-08-17 19:52:53Z DAVID I MEYER 1124 W CARSON ST BLDG N-14 TORRANCE CA 90502 126426421 0 X WWW.LABIOMED.ORG X 1952 CA TO ENGAGE IN BIOMEDICAL RESEARCH, EDUCATE, AND PROVIDE COMMUNITY HEALTH SERVICES. 32 21 947 435 0 0 61398523 59043000 1073440 1266120 4450097 2497897 7782809 12616644 74704869 75423661 0 0 0 0 48803820 48151998 0 0 1269793 27052288 29357800 75856108 77509798 -1151239 -2086137 83177308 83147065 32881665 36782676 50295643 46364389 X ENGAGING IN BIOMEDICAL RESEARCH, TRAINING OF YOUNG SCIENTISTS, AND PROVIDING COMMUNITY HEALTH SERVICES. 0 0 26869115 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. 15596166 1266120 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. 5931017 SCIENCE & TECHNOLOGY: BIOMEDICAL RESEARCH TRAINING OF INTERNS, RESIDENTS, FELLOWS, AND POST GRADUATES 9856278 991919 OTHER PROGRAM SERVICES: INCLUDES SALES OF BIOMEDICAL SERVICES AND PRODUCTS AND ROYALTY PAYMENTS TO INVENTORS. 9856278 991919 58252576 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 275 0 1 947 1 0 0 0 0 0 1 1 0 0 0 0 X 32 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JIM HANSBERRY 3102223605 1124 W CARSON ST BLDG N-14 TORRANCE CA 90502 X STEVEN A NISSEN ESQ CHAIR 2.00 X X 0 0 0 MARIANNE GAUSCHE-HILL VICE-CHAIR / INVESTIGATOR 20.00 X X 0 0 0 JAMES M BROWN TREASURER 2.00 X X 0 0 0 MATTHEW BUDOFF SECRETARY / INVESTIGATOR 40.00 X X 245000 0 56513 RUEY-KANG CHANG DIRECTOR / INVESTIGATOR 10.00 X 66683 0 0 SCOTT G FILLER MD DIRECTOR / INVESTIGATOR 10.00 X 107797 0 19695 IRA M LESSER MD DIRECTOR / INVESTIGATOR 10.00 X 0 0 0 LOUIS KWONG DIRECTOR / INVESTIGATOR 2.00 X 0 0 0 PATRICIA I DICKSON MD DIRECTOR / INVESTIGATOR 10.00 X 162278 0 11074 ERIC S DAAR MD DIRECTOR / INVESTIGATOR 10.00 X 92061 0 15348 WILLIAM W STRINGER DIRECTOR / INVESTIGATOR 2.00 X 8985 0 393 OMID KHORRAM MD DIRECTOR / INVESTIGATOR 2.00 X 0 0 0 GRISELDA GUTIERREZ DIRECTOR / INVESTIGATOR 2.00 X 0 0 0 ADAM J JONAS MD DIRECTOR / INVESTIGATOR 7.00 X 51837 0 9246 WEBB W CASTOR PHD DIRECTOR 2.00 X 0 0 0 DOROTHY AVILA COURTNEY DIRECTOR 2.00 X 0 0 0 DAVID DUTHU DIRECTOR 2.00 X 0 0 0 RICHARD J GLASSOCK MD DIRECTOR 2.00 X 0 0 0 DAVID HEBER DIRECTOR 2.00 X 0 0 0 SARAH M JENSEN AIA LEED AP DIRECTOR 2.00 X 0 0 0 JOAN HOOD JONES DIRECTOR 2.00 X 0 0 0 RICHARD K LEARNED DIRECTOR 2.00 X 0 0 0 MELANIE LUNDQUIST DIRECTOR 2.00 X 0 0 0 ANNE-MERELIE MURREL DIRECTOR 2.00 X 0 0 0 ALEX POPA DIRECTOR 2.00 X 0 0 0 BARRY RESNICK DIRECTOR 2.00 X 0 0 0 DAN ROSENFELD DIRECTOR 2.00 X 0 0 0 MITCHEL SAYARE PHD DIRECTOR 2.00 X 0 0 0 SUSSAN SHARIFIAN DIRECTOR 2.00 X 0 0 0 H MICHAEL SMITH AIA LEED AP DIRECTOR 2.00 X 0 0 0 ANDREW J SOBEL DIRECTOR 2.00 X 0 0 0 DELVECCHIO FINLEY MPP FACHE DIRECTOR 2.00 X 0 0 0 TIMOTHY VAN NATTA MD DIRECTOR 2.00 X 0 0 0 DAVID I MEYER PHD DIRECTOR / PRESIDENT + CEO 40.00 X X 399846 0 44898 THOMAS P PLOTTS MBA VP-FINANCE & CFO 40.00 X 268407 0 27647 JEROME ROTTER MD INVESTIGATOR 40.00 X 360000 0 26419 RODNEY FRANKS SENIOR VICE PRESIDENT 40.00 X 331139 0 45468 CHRISTINA WANG MD INVESTIGATOR 20.00 X 240619 0 0 ALBERT PARLOW PHD INVESTIGATOR 40.00 X 229341 0 44705 PETER LIU MD INVESTIGATOR 40.00 X 206645 0 45100 RUBEN FLORES ADMINISTRATOR 40.00 X 203840 0 13617 WILLIAM FRENCH INVESTIGATOR 20.00 X 194092 0 0 3168570 0 360123 58 0 1 0 OFFICE OF JAMES BURNETT INC 3313 DAMICO AVE HOUSTON TX 77019 ARCHITECTURAL 322195 JONES DAY 555 SOUTH FLOWER STREET 50TH FL LOS ANGELES CA 90071 LEGAL 233278 R&J AIR CONDITIONING INC PO BOX 5671 LONG BEACH CA 90802 MAINTENANCE 165325 WINDES & MCCLAUGHRY 111 WEST OCEAN BLVD STE 2200 LONG BEACH CA 90802 ACCOUNTING 139440 SHANGRI-LA CONSTRUCTION LP 1075 HAMILTON ROAD DUARTE CA 91010 CONSTRUCTION 136446 9 68300 767200 51050859 7156641 1388502 59043000 CLINICAL BILLINGS 900099 1266120 1266120 1266120 440124 440124 12504196 12504196 112448 0 112448 112448 112448 52745781 50688008 2057773 2057773 2057773 314752 767200 314752 0 75423661 1266120 0 15114541 2286093 1560746 725347 35506348 28561478 6282817 662053 3017358 2364346 589361 63651 4011874 3126135 806264 79475 3330325 2590238 674666 65421 672624 27301 645323 149065 149065 3920 3920 111267 111267 523964 333197 182767 8000 4118836 4118836 4788380 3146682 1618106 23592 1309202 1143509 144744 20949 762951 314010 448941 3242645 3242645 661700 165138 496562 SUPPLIES AND SERVICES 9520188 7349792 1823744 346652 MISCELLANEOUS EXPENSES 1443733 1443733 SUBCONTRACTS 1374322 1373588 734 RESEARCH SUBJECTS 313031 313031 361972 320816 41156 77509798 58252576 17987429 1269793 3193252 3165276 8660526 1677612 11977414 11700032 371833 952573 82569520 55556860 27726828 27012660 30896317 34425029 351138 4213883 83177308 83147065 12478857 15459679 8682222 9587629 9874910 10184936 1845676 1550432 32881665 36782676 X 43088592 38870598 4691170 4903226 2515881 2590565 50295643 46364389 83177308 83147065 X -2086137 -1810811 1000 -35306 X X 0 1 X 1 1 1 X 65839630 69006496 64268652 61398523 59043000 319556301 65839630 69006496 64268652 61398523 59043000 319556301 319556301 7439584 7290873 9216898 8139140 13056768 45143263 138196 138196 364837760 6791912 0.87590 0.89340 X SCHEDULE A, PART I, LINES 4 AND 7 LOS ANGELES BIOMEDICAL RESEARCH INSTITUTE AT HARBOR-UCLA MEDICAL CENTER HAS BEEN GRANTED PUBLIC CHARITY STATUS BY THE IRS BECAUSE IT IS A MEDICAL RESEARCH ORGANIZATION OPERATED IN CONJUNCTION WITH HARBOR-UCLA MEDICAL CENTER IN TORRANCE, CALIFORNIA, A HOSPITAL AS DESCRIBED IN SECTION 170(B)(1)(A)(III) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS COMPLETING SCHEDULE A, PART II TO DEMONSTRATE THAT IT RECEIVES A SUBSTANTIAL AMOUNT OF ITS SUPPORT FROM A GOVERNMENT UNIT OR FROM THE GENERAL PUBLIC AS DESCRIBED IN SECTION 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3920 3920 62765016 62768936 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 12880 10360 7280 3920 34440 250000 250000 250000 250000 1000000 1500000 7280 3920 11200 2935678 74684 -345113 2665249 2609878 28800 297000 2935678 2379312 97257 133309 2609878 1876041 510000 -6729 2379312 1699573 80000 96468 1876041 0.23000 0.77000 0.00000 0 0 332281 419916 752197 28505727 10783539 17722188 12200006 10328972 1871034 39088415 34444349 4644066 2023175 2023175 27012660 OTHER ASSETS 362435 ROYALTIES RECEIVABLE 3851448 4213883 SWAP DERIVATIVE HEDGING ACTIVITIES 532485 ACCRUED BENEFITS & CGA 1017947 1550432 X 73577544 -1810811 -35306 -1846117 75423661 0 75423661 77509798 0 77509798 0 77509798 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. PART X, LINE 2: 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 2D - OTHER ADJUSTMENTS: PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COSTS -265,321. INTEREST RATE SWAP 230,015. GALA 981325 764123 217202 56575 128128 32499 LEGENDS 100627 3077 97550 11504 86046 1081952 767200 314752 56575 139632 118545 314752 0 X X X X X X 0 0 0 0 0 0 0 0 0 MATTHEW BUDOFF SECRETARY / INVESTIGATOR 245000 0 0 0 0 0 42875 0 13638 0 301513 0 0 0 PATRICIA I DICKSON MD DIRECTOR / INVESTIGATOR 162278 0 0 0 0 0 10548 0 526 0 173352 0 0 0 DAVID I MEYER PHD DIRECTOR / PRESIDENT + CEO 342475 0 51371 0 6000 0 43983 0 915 0 444744 0 0 0 THOMAS P PLOTTS MBA VP-FINANCE & CFO 244007 0 24400 0 0 0 26841 0 806 0 296054 0 0 0 JEROME ROTTER MD INVESTIGATOR 360000 0 0 0 0 0 17500 0 8919 0 386419 0 0 0 RODNEY FRANKS SENIOR VICE PRESIDENT 301139 0 30000 0 0 0 36425 0 9043 0 376607 0 0 0 CHRISTINA WANG MD INVESTIGATOR 240619 0 0 0 0 0 0 0 0 0 240619 0 0 0 ALBERT PARLOW PHD INVESTIGATOR 229341 0 0 0 0 0 40134 0 4571 0 274046 0 0 0 PETER LIU MD INVESTIGATOR 206645 0 0 0 0 0 36163 0 8937 0 251745 0 0 0 RUBEN FLORES ADMINISTRATOR 186001 0 17839 0 0 0 0 0 13617 0 217457 0 0 0 WILLIAM FRENCH INVESTIGATOR 194092 0 0 0 0 0 0 0 0 0 194092 0 0 0 CONTINENTAL 1123 CARSON LLC OWNED BY BOARD MEMBER, MELANIE LUNDQUIST 247500 LA BIOMED ENTERED INTO A LEASEBACK AGREEMENT FOR PROPERTY SOLD TO CONTINENTAL 1123 CARSON LLC. THE LEASE AMOUNT WAS CALCULATED AT FAIR MARKET VALUE (AS DETERMINED BY AN INDEPENDENT REAL ESTATE VALUATION FIRM) AND APPROVED BY THE BOARD OF DIRECTORS. THE TERM OF THE LEASE EXTENDS FOR 25 YEARS WITH AN OPTION FOR LA BIOMED TO EXTEND THE LEASE. INITIAL BASE RENT IS $247,500 PER ANNUM, PAYABLE IN EQUAL MONTHLY INSTALLMENTS OF $20,625. THE BASE RENT INCREASES BY 12.5% EVERY 5 YEARS TO ACCOUNT FOR INFLATION. LA BIOMED POSSESSES A RIGHT TO PURCHASE THE PROPERTY AT ITS THEN FAIR MARKET VALUE UPON EXPIRATION OF THE LEASE TERM. THE BOARD OF DIRECTORS INDEPENDENTLY APPROVED THE LEASEBACK OF THE PROPERTY AT 1123 CARSON WITHOUT THE PARTICIPATION OF THE INTERESTED PARTY. 0 X 4 1388502 AVG FMV ON DAY DONATED 0 1 0 FORM 990, PART 1, LINE 16B: FUNDRAISING EXPENSES THE ENTITY RECEIVES THE VAST MAJORITY OF ITS FUNDING ON AN ANNUAL BASIS FROM FEDERAL, STATE AND COUNTY GOVERNMENTAL SOURCES. THE ENTITY SPENDS A RELATIVELY SMALL AMOUNT OF EXPENSES IN OBTAINING GOVERNMENT FUNDING, DUE TO THE LARGE NATURE OF GOVERNMENT GRANTS. 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 INTEREST IN THE INSTITUTE. FORM 990, PART VI, SECTION A, LINE 7A A MAJORITY OF REGULAR MEMBERS VOTING AT A DULY NOTICED ANNUAL OR SPECIAL MEETING HAVE THE RIGHT TO FILL A VACANCY ON THE GOVERNING BOARD BY ELECTING DIRECTORS TO ANY VACANCIES NOT FILLED BY THE GOVERNING BOARD. ADDITIONALLY, A MAJORITY OF REGULAR MEMBERS VOTING AT A DULY NOTICED ANNUAL OR SPECIAL MEETING CAN ELECT TO REMOVE A DIRECTOR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7B A MAJORITY OF REGULAR MEMBERS VOTING AT A DULY NOTICED ANNUAL OR SPECIAL MEETING MAY ELECT TO AMEND THE ARTICLES OF INCORPORATION. A MAJORITY OF REGULAR MEMBERS VOTING AT A DULY NOTICED ANNUAL OR SPECIAL MEETING MAY ELECT TO DISSOLVE THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE WILL REVIEW THE PRELIMINARY TAX RETURN AND ASK RELEVANT QUESTIONS TO THE PREPARER PRIOR TO 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. FORM 990, PART VII: COMPENSATION OF INVESTIGATORS AND RESEARCHERS 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. FORM 990, PART XI, LINE 9: FAS 158 - POST RETIREMENT ADJUSTMENTS -265,321. INTEREST RATE SWAP 230,015. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTE REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS AND THE FILING OF FORM 990. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0