2016-05-13T14:31:13-05:00 2015-06-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2014-07-01 581767810 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PENN 2257632500 6400 PERKINS ROAD BATON ROUGE LA 70808 WILLIAM SILVIA PRESIDENT/CHIEF EXECUTIVE OFFICER 2257632500 2016-05-12 1 RALPH STEPHENS P00638118 2259224600 2014 2016-08-17 19:52:53Z CAROL M DREHER 6400 PERKINS ROAD BATON ROUGE LA 70808 9718795 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 12 100 5694 0 5865829 1349683 0 0 1104630 1184219 275794 323118 7246253 2857020 4819 5760 0 0 1870612 3579323 207357 96917 562284 558069 701764 2640857 4383764 4605396 -1526744 31344483 30579380 8373779 8436624 22970704 22142756 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 529214 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. 1918713 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. 304019 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES PROGRAMMATIC INVESTMENT PLAN FUNDING TO THE PENNINGTON BIOMEDICAL RESEARCH CENTER FOR THREE MAJOR AREAS: PRIORITY RESEARCH PROGRAMS THAT WILL 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. 554331 5760 OTHER DIRECT SUPPORT AND ASSISTANCE TO PENNINGTON BIOMEDICAL RESEARCH CENTER 554331 5760 3306277 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 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 29 0 1 12 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ CA CO DC FL IL LA MD MA MI MN NJ NY OH SC TN WA X X J BRAD JEWELLCPAMPA 2257632511 6400 PERKINS RD BATON ROUGE LA 70808 TIM A BARFIELD JR IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 ANNETTE D BARTON SECRETARY 1.00 X X 0 0 0 JS SI BROWN III BOARD MEMBER 1.00 X 0 0 0 MAXINE CORMIER BOARD MEMBER 1.00 X 0 0 0 PAULA P DE LA BRETONNE BOARD MEMBER 1.00 X 0 0 0 ARTHUR E FAVRE BOARD MEMBER 1.00 X 0 0 0 MICHAEL FLEMING MD BOARD MEMBER 1.00 X 0 0 0 JOHN GRAVES BOARD MEMBER 1.00 X 0 0 0 J GERARD JERRY JOLLY CHAIRMAN 1.00 X X 0 0 0 C KRIS KIRKPATRICK VICE CHAIRMAN 1.00 X X 0 0 0 CHARLES A LANDRY BOARD MEMBER 1.00 X 0 0 0 CARL S LUIKART MD BOARD MEMBER 1.00 X 0 0 0 C BRENT MCCOY TREASURER 1.00 X X 0 0 0 JAMES R MCILWAIN BOARD MEMBER 1.00 X 0 0 0 ELIZABETH S NALTY BOARD MEMBER 1.00 X 0 0 0 GEORGE D NELSON JR BOARD MEMBER 1.00 X 0 0 0 JOHN B NOLAND BOARD MEMBER 1.00 X 0 0 0 JANET L OLSON BOARD MEMBER 1.00 X 0 0 0 NICOLAS PERKIN BOARD MEMBER 1.00 X 0 0 0 KEVIN P REILLY JR BOARD MEMBER 1.00 X 0 0 0 ARMAND ROOS BOARD MEMBER 1.00 X 0 0 0 JOHN SPAIN BOARD MEMBER 1.00 X 0 0 0 LEONARD SULLIVAN BOARD MEMBER 1.00 X 0 0 0 JOHN G TURNER BOARD MEMBER 1.00 X 0 0 0 KAREN WILLIAMS MD BOARD MEMBER 1.00 X 0 0 0 MONICA ZUMO BOARD MEMBER 1.00 X 0 0 0 JENNIFER G WINSTEAD PRESIDENT/CEO (UNTIL 12/31/2014) 40.00 X 183494 0 10447 WILLIAM L SILVIA JR INTERIM PRESIDENT/CEO(1/1-5/15/2015) 12.00 X 0 0 0 CAROL M DREHER PRESIDENT/CEO (BEG. 5/15/2015) 40.00 X 0 0 0 BRAD JEWELL CHIEF ADMINISTRATIVE & FINANCIAL OFFICER 40.00 X 144017 0 13077 327511 0 23524 1 0 1 0 COMMUNITY COUNSELLING SERVICE CO LLC 100 EAST PRATT STREET STE 1520 BALTIMORE MD 21202 PARTNERSHIP BRANDING AND LEADERSHIP DEVE 108000 0 3475 1346208 56073 1349683 753135 5694 747441 7207619 6776535 431084 431084 431084 192522 3475 85240 107282 107282 FUND MANAGEMENT 900099 141218 141218 PMF COST RECOVERY 900099 57204 57204 OTHER INCOME 900099 17414 17414 215836 2857020 646920 5694 854723 5760 5760 245865 202948 42917 2438930 2154569 284361 937445 834876 42306 60263 54000 54000 262400 198422 63978 56031 23379 32652 42984 28227 14282 475 117196 115739 1360 97 45007 40865 1376 2766 191 191 31275 31275 BUSINESS DEVELOPMENT 233901 37039 98151 98711 RESEARCH SUPPLIES & EQU 102868 102868 OPERATIONS & MAINTENANC 61817 45075 7747 8995 DUES & SUBSCRIPTIONS 38170 26214 9284 2672 -290076 -306756 9653 7027 4383764 3306277 515203 562284 217970 101641 222940 213071 5178406 3432417 5569 4938 10211 7801 6620 6334 477 286 25708910 26819226 31344483 30579380 391866 543197 7981913 7893427 8373779 8436624 X 2099138 1787246 12190761 11650748 8680805 8704762 22970704 22142756 31344483 30579380 X -1526744 79592 619204 X X 0 1 X 1 0 X 2044354 2138339 4188086 5865829 1349683 15586291 2044354 2138339 4188086 5865829 1349683 15586291 6951168 8635123 665527 606176 913264 1104631 1184219 4473817 342920 296286 213477 201689 215836 1270208 21330316 0.40480 0.42540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12427865 355891 132781 1166585 11749952 11221385 344862 1624236 762618 12427865 10492083 350100 1524427 1145225 11221385 11482402 226025 40613 1256957 10492083 10333620 100000 2160512 1111720 11482402 0.00000 0.74000 0.26000 0 0 6620 6334 286 286 INVESTMENT SECURITIES-RESTRICTED 25472338 F ANNUITY HELD BY RABBI TRUST 770572 F BENEFICIAL INTEREST IN LEAD TRUST 576316 F 26819226 FUNDS HELD IN CUSTODY 7122231 OTHER LIABILITES 624 RETIREMENT OBLIGATION 770572 7893427 X 1992376 -814330 16745 42444 -755141 2747517 109503 109503 2857020 4486483 16745 85974 102719 4383764 0 4383764 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. 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 OFINCOME 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, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 85,240. CHANGE IN VALUE OF SPLIT INTEREST TRUSTS -42,796. PART XI, LINE 4B - OTHER ADJUSTMENTS: BRAY RABBI TRUST INTEREST INCOME 109,503. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 85,240. PENNINGTON DISCOVERIES MGT PORTION 203. TAX DEPRECIATION 531. 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 54000 -54000 54000 -54000 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 195997 3475 192522 1025 14995 17598 51622 195997 3475 192522 1025 14995 17598 51622 85240 107282 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. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JENNIFER G WINSTEAD PRESIDENT/CEO (UNTIL 12/31/2014) 183494 0 0 0 0 0 9175 0 1272 0 193941 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 4 14959 FAIR MARKET VALUE X 14 16876 FAIR MARKET VALUE X TOUR STADIUMS, SIDELINE PASSES, AUTOGRAPHED LSU MEMORABILIA 1 5700 FAIR MARKET VALUE X 2 ISSUE (DOC'S DASH AD), 500 - 1000 ISSUES FOR RACE PACKETS 1 3500 FAIR MARKET VALUE X A PRIVATE SCREENING PARTY FOR 21 PEOPLE 1 2000 FAIR MARKET VALUE X A FOUR-NIGHT RENTAL OF SEASPRAY CONDO ON PERDIDO KEY, FL 1 1265 FAIR MARKET VALUE X TENT BOOTH WITH POST-RACE STRETCHING SERVICES & KOOZIES 1 1204 FAIR MARKET VALUE X WINE GLASSES;CRYSTAL WINE CHILLER; ZAMIA CHEESEBOARD & PLATE KNIFE 1 1000 FAIR MARKET VALUE X A ROUND OF GOLF FOR FOUR AT UNIVERSITY CLUB PLANTATION 1 800 FAIR MARKET VALUE X 30-WALKIE TALKIES (2-WAY RADIOS), 30-REMOTE MICROPHONES 1 776 FAIR MARKET VALUE X A YETI HOPPER 20QT COOLER AND A STEALTH KAYAK 1 750 FAIR MARKET VALUE X FARMING BOOTH IN KID ZONE - SEEDS, CUPS, SOIL AND EDUCATION ON FARMING 1 600 FAIR MARKET VALUE X A TWO-NIGHT HOTEL STAY AND DINNER FOR TWO AT BESH STEAK 1 550 FAIR MARKET VALUE X PRIVATE TRAINING PACKAGE - 6 SESSIONS 1 495 FAIR MARKET VALUE X 500 NAMEBADGE LANYARDS 1 483 FAIR MARKET VALUE X GIFT CERTIFICATES - GROCERY STORE TOUR & 7-DAY MENU MAKEOVER 1 465 FAIR MARKET VALUE X 1000 SUN SCREEN PACKETS FOR DOC'S DASH RACE PACKET 1 450 FAIR MARKET VALUE X GLOVES, HAND WRAPS, AND 1-MONTH GYM MEMBERSHIP 1 300 FAIR MARKET VALUE X BREC ON THE GEAUX 1 300 FAIR MARKET VALUE X 10 $15 GIFT CERTIFICATES AND 500 RACE BIBS 1 275 FAIR MARKET VALUE X FIVE $50 GIFT CARDS 1 250 FAIR MARKET VALUE X 7-DAY PASSES TO SPECTRUM, 1-MILE FUN RUN RACE WARMUP 1 245 FAIR MARKET VALUE X 1-PAIR OF MALE ATHLETIC SHOES & 1-PAIR OF FEMALE ATHLETIC SHOES 1 240 FAIR MARKET VALUE X 20 LARGE CARDBOARD TRASH CONTAINERS 1 225 FAIR MARKET VALUE X 2-LB HAND WEIGHTS, 100 CHEESECURLS, AND 100 LEMON COOLER COOKIES 1 200 FAIR MARKET VALUE X TEN $20 GIFT CARDS 1 200 FAIR MARKET VALUE X A GIFT CERTIFICATE FOR A HAIR COLOR AND HIGHLIGHT 1 185 FAIR MARKET VALUE X VOLUNTEER T-SHIRTS 1 160 FAIR MARKET VALUE X A LUX SIGNATURE FACIAL AND A 60-MINUTE THERAPEUTIC MASSAGE 1 150 FAIR MARKET VALUE X A SILK ORCHID PLANT 1 110 FAIR MARKET VALUE X TWO $50 GIFT CERTIFICATES 1 100 FAIR MARKET VALUE X $100.00 GIFT CERTIFICATE FOR KENDRA SCOTT JEWLERY BAR 1 100 FAIR MARKET VALUE X ELTA PRODUCTS BASKET 1 100 FAIR MARKET VALUE X TWO $50 GIFT CARDS 1 100 FAIR MARKET VALUE X PRINTED INVITATIONS 1 100 FAIR MARKET VALUE X TWO $50 GIFT CARDS 1 100 FAIR MARKET VALUE X FOUR TIKI TUBING PASSES FOR A 4-HOUR TUBING FLOAT DOWN THE AMITE RIVER 1 100 FAIR MARKET VALUE X TWO $50 GIFT CARDS 1 100 FAIR MARKET VALUE X TWO $50 GIFT CARDS 1 100 FAIR MARKET VALUE X $100 GIFT CARD REDEEMABLE AT THE SALON 1 100 FAIR MARKET VALUE X 1-MONTH FREE GIFT CARD TO STROLLER FIT & FREE STROLLFIT CLASSES 1 75 FAIR MARKET VALUE X A BEACH BAG AND HAT 1 75 FAIR MARKET VALUE X $50 GIFT CARD; ACKNOWLEDGED WITH PREVIOUS GIFT 1 50 FAIR MARKET VALUE X TWO $25 GIFT CERTIFICATES 1 50 FAIR MARKET VALUE X YMCA TO SPONSOR 5K ZUMBA WARMUP 1 35 FAIR MARKET VALUE X "COTTON FEELS ROTTEN" BOOK AND COTTON DOG 1 30 FAIR MARKET VALUE X $25 GIFT CARD 1 25 FAIR MARKET VALUE X AN "EXTRA EXTRA READ ALL ABOUT IT" COOKBOOK 1 20 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 KEVIN P. REILLY, JR., JAMES R. MCILWAIN, AND C. BRENT MCCOY HAVE A BUSINESS RELATIONSHIP. GEORGE D. NELSON, JR. AND JOHN B. NOLAND HAVE A BUSINESS RELATIONSHIP. LEROY HARVEY AND FRAN HARVEY ARE RELATED BY MARRIAGE. BOTH ARE NON-VOTING EX-OFFICIO DIRECTORS. 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. FORM 990, PART XI, LINE 9: BOOK TO TAX DIFFERENCE -109,503. PRIOR YEAR ENHANCEMENT -749,197. UNREALIZED GAIN AND LOSS 1,477,888. ROUNDING 16. 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 -830 2964 1.00000 1 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION TRUST 6400 PERKINS RD BATON ROUGE LA 70808 726144525 GRANTOR TRUST LA T 109503 770572 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0