2015-08-17T16:15:53-05:00 2014-09-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2013-10-01 581711612 BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA BIOM 3187164100 POST OFFICE BOX 38050 SHREVEPORT LA 711338050 JAMES D DEAN EXECUTIVE VP & COO 3187164100 2015-08-17 1 JON LEBLANC P01525561 2259224600 2013 2016-04-25 22:37:26Z DR JOHN F GEORGE MD POST OFFICE BOX 38050 SHREVEPORT LA 711338050 502542872 0 X WWW.BIOMED.ORG X 1986 LA PROMOTE AND DEVELOP PRIVATE AND PUBLIC SUPPORT AND COLLABORATION FOR A KNOWLEDGE-BASED REGIONAL ECONOMIC DEVELOPMENT STRATEGY; COLLABORATION WITH AND SUPPORT FOR LSU HEALTH SHREVEPORT; PEOPLE, RESEARCH, EDUCATION, FACILITIES, FUNDING AND OTHER RESOURCES NEEDED FOR TECHNOLOGY AND BUSINESS INNOVATION. 19 19 3032 38 0 0 2865443 53679830 7198720 443755871 100967 235864 153150 4871307 10318280 502542872 1177461 175134 0 0 3380541 192111801 0 0 166304 10950107 311482570 15508109 503769505 -5189829 -1226633 66349738 314463049 19447479 268264071 46902259 46198978 X PROMOTE AND DEVELOP PRIVATE AND PUBLIC SUPPORT AND COLLABORATION FOR A KNOWLEDGE-BASED REGIONAL ECONOMIC DEVELOPMENT STRATEGY; COLLABORATION WITH AND SUPPORT FOR LSU HEATH SHREVEPORT; PEOPLE, RESEARCH, EDUCATION, FACILITIES, FUNDING AND OTHER RESOURCES NEEDED FOR TECHNOLOGY AND BUSINESS INNOVATION. 1 0 488258501 175134 431107459 PATIENT SERVICES INCLUDING PROVIDING STATE-OF-THE-ART CLINICAL CARE, INCLUDING A RANGE OF TERTIARY SPECIAL SERVICES, TO AN ENLARGING AND DIVERSE REGIONAL BASE OF PATIENTS, AS WELL AS ACHIEVING DISTINCTION AND INTERNATIONAL RECOGNITION FOR BASIC SCIENCE AND CLINICAL RESEARCH PROGRAMS THAT CONTRIBUTE TO THE BODY OF KNOWLEDGE AND PRACTICE IN SCIENCE AND MEDICINE. 5532862 3655097 OPERATED A POSITRON EMISSION TOMOGRAPHY IMAGING CENTER AND A RELATED RADIOPHARMACEUTICAL PRODUCTION FACILITY WHICH SERVCED 1,731 PATIENTS DURING THE YEAR, OF WHICH 797 WERE FREE OR SUBSTANTIALLY DISCOUNTED FOR INDIGENT PERSONS. THE CENTER ALSO WORKED WITH VARIOUS NATIONAL COMPANIES TO SUPPORT CLINICAL AND PRO-CLINICAL TRIALS. THE CGMP RADIOPHARMACEUTICAL MANUFACTURING FACILITY IS CAPABLE OF PRODUCING DIFFERENT RADIOPHARMACEUTICALS AND PROVIDES RADIOPHARMACEUTICALS TO OTHER SCANNERS IN THE REGION. 2526361 8993315 OPERATED A TEN STORY, 160,000 SQ FT RESEARCH FACILITY HOUSING 56 STATE-OF-THE-ART WET LABS, AN ANIMAL CARE FACILITY, A POSITRON EMISSION TOMOGRAPHY (PET) IMAGING CENTER AND RELATED ADMINISTRATIVE OFFICES. THE 56 WET LABS AND ANIMAL FACILITY ARE LEASED TO LSUHSC-S TO SUPPORT ITS BASIC SCIENCE RESEARCH PROGRAM. THE PET CENTER PROVIDES IMAGING TO SUPPORT PATIENTS OF LSUHSC-S AND THE REGIONAL MEDICAL COMMUNITY AS WELL AS SUPPORT FOR THE ANIMAL IMAGING PROGRAM AT LSUHSC-S. THE RESEARCH FACILITY PROVIDED ESSENTIAL RESEARCH SPACE NEEDED TO SUPPORT THE ACQUISITION OF LSUHSC-S EXTRAMURAL FUNDING. 5375243 CONDUCTED ACTIVITIES RELATED TO THE ESTABLISHMENT OF A SCIENCE & TECHNOLOGY BUSINESS PARK INCLUDING SUPPORT FOR SCIENTIFIC ECONOMIC DEVELOPMENT PROJECTS, WORKFORCE DEVELOPMENT AND EDUCATION. PROVIDED FINANCIAL AND PROGRAMMATIC ASSISTANCE TO PROSPECTIVE PARK TENANTS. PROVIDED LAND FOR DEVELOPMENT INCLUDING ENVIRONMENTAL REMEDIATION. OPERATED 69,000 SQ FT OF WET LAB INCUBATOR. MAINTAINED MULTIPLE LEASED PROPERTIES, INCLUDING A 33,000 SQ FT CGMP MANUFACTURING FACILITY. INTERTECH SCIENCE PARK CURRENTLY HOSTS 25 COMPANIES AND INSTITUTIONS IN 13 FACILITIES OWNED AND OPERATED BY BRF. THESE COMPANIES EMPLOY 424 PEOPLE PROVIDING A TOTAL ANNUAL PAYROLL OF OVER $23.4M FOR THE COMMUNITY. AVERAGE ANNUAL SALARY IS OVER $55,000, COMPARED TO THE AVERAGE PER CAPITA SHREVEPORT INCOME OF $23,995. INTERTECH ACTIVITIES ALSO INCLUDE SUPPORT FOR SIX K-12 AND HIGHER EDUCATION PROGRAMS.THE ENTREPRENEURIAL ACCELERATOR PROGRAM PROVIDES SERVICES AND RESOURCES TO SUPPORT THE CREATION OF THE INNOVATION ECOSYSTEM IN NORTHWEST LOUISIANA. THE PURPOSE OF THE EAP IS TO INVEST IN HIGH-GROWTH START-UP COMPANIES IN LOUISIANA BY MATCHING MARKETABLE IDEAS THAT SOLVE PROBLEMS WITH INVESTORS. THE EAP TEAM, CONSISTING OF BRF STAFF, ANGEL INVESTORS, BUSINESS ANALYSTS, SUBJECT MATTER EXPERTS, AND LEGAL AND FINANCIAL CONSULTANTS, SUPPORTS THE ADMINISTRATION, MANAGEMENT AND GROWTH OF THE FUND. PARTNERS INCLUDE HIGHER EDUCATION INSTITUTIONS, ECONOMIC DEVELOPMENT ORGANIZATIONS AND GOVERNMENT ENTITIES. 5375243 501692967 1 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 160 0 1 3032 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 3187164100 POST OFFICE BOX 38050 SHREVEPORT LA 711338050 ARLENA ACREE DIRECTOR 1.00 X 0 0 0 R KEITH BERGERON DIRECTOR 1.00 X 0 0 0 LENNIS S ELSTON DIRECTOR 1.00 X 0 0 0 KATHY FRENCH DIRECTOR 1.00 X 0 0 0 DR JOHN F GEORGE JR DIRECTOR/PRESIDENT/CEO 1.00 X 0 0 0 ROY L GRIGGS DIRECTOR 1.00 X 0 0 0 CURTIS R JOSEPH JR DIRECTOR 1.00 X 0 0 0 BILLY MONTGOMERY DIRECTOR 1.00 X 0 0 0 BONNIE MOORE DIRECTOR 1.00 X 0 0 0 TERRY MOORE DIRECTOR 1.00 X 0 0 0 MALCOLM MURCHISON DIRECTOR/VICE CHAIRMAN 1.00 X 0 0 0 LINDA C SELL DIRECTOR 1.00 X 0 0 0 STEPHEN F SKRIVANOS DIRECTOR/CHAIRMAN 1.00 X 0 0 0 ARTHUR THOMPSON DIRECTOR-TREASURER 1.00 X 0 0 0 DR JUAN WATKINS DIRECTOR 1.00 X 0 0 0 WILLIE C WHITE III DIRECTOR/SECRETARY 1.00 X 0 0 0 RANAE CHANDLER DIRECTOR 1.00 X 0 0 0 JOHNETTE MAGNER DIRECTOR/SECRETARY 1.00 X 0 0 0 CRAIG SPOHN DIRECTOR 1.00 X 0 0 0 JAMES DEAN EXECUTIVE VP AND COO 50.00 X 293277 0 26155 JAY MEYERS VP FOR EXTERNAL AFFAIRS 50.00 X 123642 0 24357 AMOL TAKALKAR MEDICAL DIRECTOR 50.00 X 291552 0 40225 PRADEEP GARG EXECUTIVE DIRECTOR 50.00 X 157519 0 11298 FRANK WATSON RADIOPHARMACY MANAGER 50.00 X 110986 0 20207 STEPHEN LOKITZ DIRECTOR OF IMAGING SCIENCES 50.00 X 100792 0 25027 1077768 0 147269 6 0 1 0 ALVAREZ AND MARSAL 600 MADISON AVE 8TH FLOOR NEW YORK NY 10022 CONSULTING SERVICES 4774904 SODEXO INC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD AND HOUSEKEEPING SERVICES 1797871 CONIFER HEALTH SOLUTIONS LLC 3560 DALLAS PARKWAY FRISCO TX 75034 BILLING AND COLLECTION SERVICES 1383750 SULLIVAN STOLIER KNIGHT LC 909 POYDRAS ST STE 2600 NEW ORLEANS LA 70112 CONSULTING SERVICES 915972 LABORATORY CORP OF AMERICA HOLDINGS 1924 ALCOA HIGHWAY KNOXVILLE TN 37920 LABORATORY SERVICES 248447 10 1130135 52549695 53679830 DISPRO SHARE HOSPITAL FUNDING 541900 215988948 215988948 PATIENT SERVICE 541900 215118511 215118511 RENTAL INCOME 531120 8993315 8993315 POSITRON EMISSION TOMOGRAPHY 541900 1945166 1945166 RADIOPHARMACEUTICAL SALES 541900 1709931 1709931 443755871 235864 235864 OTHER OPERATING REVENUE 900099 2414973 2414973 CPC MILLAGE 900099 2344756 2344756 INVESTMENT - MINERAL INTEREST 523000 111578 111578 4871307 502542872 448515600 0 347442 X 175134 175134 1901852 1394856 441649 65347 145015971 144504147 500828 10996 250485 162718 85236 2531 33738382 33645888 87603 4891 11205111 11142165 57891 5055 10490934 10478934 12000 17070 4665 12405 30250 30250 266434 266434 39683 39683 118518714 118515390 3324 69876 34866 12858 22152 54994 39768 14706 520 11375507 11283395 85826 6286 38794905 38794905 19153 16458 2695 837083 834316 2767 3761359 3761242 117 8694102 8668379 25494 229 SUPPLIES AND OTHER EXPE 98223638 98025522 198062 54 REPAIRS AND MAINTENANCE 10535801 10533915 1886 EQUIPMENT LEASING 7787951 7779039 8912 UTILITIES 1087461 1028170 59291 877655 869095 8560 503769505 501692967 1910234 166304 698307 15953972 15158 3301021 216209822 5304917 2113095 7648698 101379590 40826796 52100918 60552794 7812028 7072223 309211 1720623 66349738 314463049 4350277 90724735 93024 139730203 12461895 17166863 1805702 20000000 736581 642270 19447479 268264071 X 44948756 44238592 232880 239763 1720623 1720623 46902259 46198978 66349738 314463049 X -1226633 418395 104957 X X 0 1 X 1 0 X 7422034 3873705 3602504 2865443 1679830 19443516 2344756 2344756 7422034 3873705 3602504 2865443 4024586 21788272 21788272 1535790 73153 937203 691684 765837 4003667 25791939 0.84480 0.82290 X 0 0 0 0 0 0 1 36049 0 0 36049 0 PART II-B, LINE 1: DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS OR A LEGISLATIVE BODY TO INFLUENCE LEGISLATION TO FURTHER THE EXEMPT FUNCTION OF THE ORGANIZATION. 1720623 0 0 1720623 1731624 80806 91806 1720624 1771780 196762 236918 1731624 1788780 14414 31414 1771780 1808781 266343 286344 1788780 0.99000 0.01000 1 0 89207 7664448 7753655 63746604 24352768 39393836 29879331 16474028 13405303 60552794 ASSET RETIREMENT LIABILITY 174952 DERIVATIVE LIABILITY 467318 642270 X 502961267 418395 418395 502542872 0 502542872 503769505 0 503769505 0 503769505 PART V, LINE 4: PERMANENT ENDOWMENT IS HELD TO SUPPORT ANY OTHER ACTIVITY OF THE ORGANIZATION. PART X, LINE 2: THE ORGANIZATION APPLIES THE ACCOUNTING GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WHICH SETS OUT A CONSISTENT FRAMEWORK TO DETERMINE THE APPROPRIATE LEVEL OF TAX RESERVES TO MAINTAIN FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION 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 ORGANIZATION HAS EVALUATED ITS POSITION REGARDING ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE SEPTEMBER 30, 2011. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCIMINATORY POLICY HAS NOT PREVIOUSLY BEEN INCLUDED IN ADVERTISING. HOWEVER, THE STATEMENT IS INCLUDED IN THE STUDENT HANDBOOK WHICH ALL INCOMING STUDENTS MUST READ AND SIGN. THE RECRUITING EFFORTS FOR THE GENERAL COMMUNITY ARE DESIGNED TO RECRUIT STUDENTS OF ALL SOCIAL AND ECONOMIC ORIGINS. 1 1 X 1 X 1 X 1 1 0 1 1 70129424 65751228 4378196 0.00870 160475951 161553946 -1077995 0.00000 8545141 3956085 4589056 0.00910 239150516 231261259 7889257 0.01780 22983347 4065476 18917871 0.03760 22983347 4065476 18917871 0.03760 262133863 235326735 26807128 0.05540 1 9029824 0 82752495 93644409 -10891914 X 1 1 1 1 BRFHH SHREVEPORT AND MONROE CAMPUSES 1501 KINGS HWY SHREVEPORT LA 71103 X X X X BRFHH SHREVEPORT & MONROE CAMPUSES 0 1 1 200.000000000000 1 300.000000000000 1 X X X X X X 1 1 X X X X X X 1 X X 0 X X X X 1 X 0 0 BRFHH SHREVEPORT & MONROE CAMPUSES PART V, SECTION B, LINE 11: THE ORGANIZATION USED THE FEDERAL POVERTY GUIDELINES AS A FACTOR TO DETERMINE ELIGIBILITY FOR PROVIDING 'DISCOUNTED' CARE FOR TWO LEVELS, AS LISTED BELOW:DISCOUNTED CARE, LEVEL 1 - FAMILY INCOME LIMIT = 250% DISCOUNTED CARE, LEVEL 2 - FAMILY INCOME LIMIT = 300% BRFHH SHREVEPORT & MONROE CAMPUSES PART V, SECTION B, LINE 16E: THE ORGANIZATION USED PARO DATABASE TO DETERMINE PATIENTS ELIGIBILITY FOR PRESUMPTIVE CHARITY. BRFHH SHREVEPORT & MONROE CAMPUSES PART V, SECTION B, LINE 20D: THE ORGANIZATION DETERMINED NO AMOUNT WOULD BE CHARGED FOR 100% CHARITY AND A DISCOUNT OF TOTAL CHARGES WOULD BE APPLIED FOR PARTIAL CHARITY. PART I, LINE 3C: THE ORGANIZATION USED THE FEDERAL POVERTY GUIDELINES AS A FACTOR TO DETERMINE ELIGIBILITY FOR PROVIDING 'FREE' AND 'DISCOUNTED' CARE. THE ORGANIZATION DETERMINES 'DISCOUNTED' CARE FOR TWO LEVELS, AS LISTED BELOW:FREE CARE - FAMILY INCOME LIMIT = 200%DISCOUNTED CARE, LEVEL 1 - FAMILY INCOME LIMIT = 250% DISCOUNTED CARE, LEVEL 2 - FAMILY INCOME LIMIT = 350% PART I, LINE 6A: THE COMMUNITY BENEFIT REPORT IS FILED BY BRF HOSPITAL HOLDINGS, LLC (46-3179229). BRF HOSPITAL HOLDINGS, LLC IS A SINGLE MEMBER LLC OWNED BY BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA. PART 1, LINE 3 CHARITY CARE ELIGIBILITY IS BASED ON MANY FACTORS RELATED TO INDIVIDUAL PATIENT CIRCUMSTANCES. EACH AND EVERY PATIENT IS SCREENED BY PATIENT FINANCIAL SERVICES PERSONNEL, LICENSED SOCIAL WORKERS AND OTHER HEALTHCARE PROFESSIONALS TO DETERMINE IF ELIGIBLE FOR STATE AND/OR FEDERAL HEALTHCARE ASSISTANCE. SAID ASSISTANCE, AS WELL AS ELIGIBILITY FOR CHARITY CARE, IS ASSESSED WITH THE PATIENT OR THEIR DESIGNATED FAMILY MEMBER OR REPRESENTATIVE. OF PRIMARY IMPORTANCE IS THE HEALTH, RECUPERATION AND WELL-BEING OF OUR PATIENTS. PART III, LINE 8: SINCE THE HOSPITAL SYSTEM IS A SAFETY NET HOSPITAL WE CARE FOR MANY ELDERLY AND INDIGENT PATIENTS THAT CANNOT AFFORD TO MAKE THEIR COINSURANCE AND/OR DEDUCTIBLE PAYMENTS IN FULL. HOWEVER, SOME PATIENTS ATTEMPT TO PAY MINIMAL AMOUNTS OVER TIME AND DEDUCTIBLE AND COINSURANCE AMOUNTS REMAIN ON THE BOOKS LONGER THAN NORMAL AND SLOWS THE RECEIPT OF CASH. WITH A SLOW CASH FLOW, SOMETIMES IT IS DIFFICULT TO MAKE THE MOST COST CONSCIOUS DECISIONS IN DAY-TO-DAY OPERATIONS; THEREFORE, THE TOTAL COSTS TO MAINTAIN THE FACILITY IS IMPACTED. ALTHOUGH THE COSTS EXCEED THE REIMBURSEMENT RECEIVED, IF THE ORGANIZATION DID NOT EXIST, MANY PATIENTS IN THE NORTHWEST PORTION OF THE STATE OF LOUISIANA WOULD BE WITHOUT ACCESS TO RECEIVE ANY HEALTHCARE TREATMENT. PART VI, LINE 2: THE HOSPITAL FACILITIES OWNED AND OPERATED BY BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA ARE IN THE PROCESS OF CONDUCTING THEIR INITIAL COMMUNITY HEALTH NEEDS ASSESSMENTS AS REQUIRED BY THE AFFORDABLE CARE ACT. THE TWO HOSPITALS (UNIVERSITY HEALTH SHREVEPORT AND UNIVERSITY HEALTH-MONROE) WERE TRANSFERRED UNDER A COOPERATIVE ENDEAVOR AGREEMENT TO BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA ON OCTOBER 1, 2013. PER FINAL 501(R)(3) REGULATIONS ISSUED BY THE IRS, A HOSPITAL ORGANIZATION THAT ACQUIRES A HOSPITAL FACILITY (WHETHER THROUGH MERGER OR ACQUISITION) MUST MEET THE REQUIREMENTS OF SECTION 501(R)(3) WITH RESPECT TO THE ACQUIRED HOSPITAL FACILITY BY THE LAST DAY OF THE ORGANIZATIONS SECOND TAXABLE YEAR BEGINNING AFTER THE DATE ON WHICH THE HOSPITAL FACILITY WAS ACQUIRED. PER THESE REGULATIONS, THE INITIAL COMMUNITY HEALTH NEEDS ASSESSMENT WILL NEED TO BE COMPLETED BY SEPTEMBER 30, 2016 AND THE HOSPITALS WILL MEET THE REQUIRED DEADLINE. PART VI, LINE 3: THE ORGANIZATION PROVIDES ONSITE REGISTRATION CLERKS AND FINANCIAL COUNSELORS THAT ARE TRAINED TO HEALP PATIENTS. THE ORGANIZATION HAS ALSO POSTED ALL INFORMATION ON THEIR WEBSITE AND IS IN THE PROCESS OF POSTING SIGNAGE AT THEIR FACILITIES. PART VI, LINE 5: THE ORGANIZATION PROMOTES THE HEALTH OF THE COMMUNITY BY PROVIDING HEALTH SCREENINGS AND PATIENT EDUCATION. PART VI, LINE 6: THE ORGANIZATION AND ITS AFFILIATES PROMOTES THE HEALTH OF THE COMMUNITY BY PROVIDING HEALTH SCREENINGS AND PATIENT EDUCATION. 1 LSU HEALTH SCIENCES CENTER SHREVEPORT 1501 KINGS HWY SHREVEPORT LA 71103 720702002 501(C)(1) 97444 SUPPORT FOR MEDICAL SCHOOL AND EDUCATION PROGRAMS CADDO PARISH SCHOOLS 1961 MIDWAY AVE SHREVEPORT LA 71108 726000224 501(C)(1) 56690 EDUCATION GREATER SHREVEPORT CHAMBER OF COMMERCE 400 EDWARDS ST SHREVEPORT LA 71101 720315700 501(C)(6) 20000 SPONSORSHIP 0 3 X X X X 0 0 0 0 0 0 0 0 0 JAMES DEAN EXECUTIVE VP AND COO 293277 0 0 0 0 0 19768 0 6387 0 319432 0 0 0 AMOL TAKALKAR MEDICAL DIRECTOR 291552 0 0 0 0 0 23493 0 16732 0 331777 0 0 0 PRADEEP GARG EXECUTIVE DIRECTOR 157519 0 0 0 0 0 4635 0 6663 0 168817 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE HAS THE SOLE AUTHORITY TO ESTABLISH THE COMPENSATION OF THE PRESIDENT AND STAFF VICE-PRESIDENTS AND KEY EMPLOYEES. COMPENSATION IS REVIEWED ANNUALLY IN CONNECTION WITH THE BUDGETING PROCESS. THE COMMITTEE HAS WRITTEN GUIDELINES FOR EVALUATING THE REASONABLENESS OF COMPENSATION INCLUDING PUBLISHED SURVEYS AND COMPARISONS TO SIMILAR ORGANIZATIONS, BOTH TAXABLE AND TAX EXEMPT, FOR FUNTIONALLY COMPARABLE POSITIONS. MINUTES ARE KEPT OF ALL EXECUTIVE COMMITTEE MEETINGS. THE MINUTES ARE REVIEWED AND APPROVED AT THE NEXT EXECUTIVE COMMITTEE MEETING. FORM 990, PART III, LINE 2 THE DIGITAL MEDIA INSTITUTE PREPARES ITS STUDENTS FOR EMPLOYMENT IN THE REAL WORLD. UTILIZING A "LEARN BY DOING" APPROACH, THE INSTRUCTORS AND ADMINISTRATORS CREATE AN ATMOSPHERE THAT FACLIITATES REAL-WORLD SCENARIOS DESIGNED TO EDUCATE STUDENTS IN A PROJECT-BASED FORMAT THAT ACCURATELY MIMICS THE PRESSURES AND DEADLINES SIMILAR TO THOSE THEY WILL FACE UPON GRADUATION. THE ONE-YEAR INTENSIVE PROGRAM GIVES STUDENTS IMMERSIVE TRAINING AND ACCESS TO OPPORTUNITIES IN THE DIGITAL MEDIA INDUSTRY THAT ARE SPECIFICALLY FOCUSED ON ANIMATION AND VISUAL EFFECTS. STUDENTS WHO COMPLETE THE COURSE LEAVE THE PROGRAM WITH EXTENSIVE TRAINING IN INDUSTRY-STANDARD PROGRAMS AND APPLICATIONS. STUDENTS WHO GIVE THEIR FULL EFFORT LEAVE THE PROGRAM WITH A PORTFOLIO THAT CAN BE USED IN INTERVIEWS AND DEMO REELS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S COO IS RESPONSIBLE FOR THE PREPARATION, REVIEW AND FILING OF FORM 990 AND, IF REQUIRED, FORM 990T AND ALL RELATED FORMS AND SCHEDULES. THE COO DISTRIBUTES THE COMPLETED FORM 990 TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BRF HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL PERSONS WHO MEET THE IRS DEFINITION OF "DISQUALIFIED PERSON." ITS EXECUTIVE COMMITTEE CONSISTS OF THE BOARD OFFICERS AND THE CHAIRMAN OF EACH OF ITS OTHER STANDING COMMITTEES AND IS RESPONSIBLE FOR MANAGING THIS POLICY. THE POLICY IS REVIEWED ANNUALLY BY THE FULL BOARD. ALL BOARD MEMBERS AND STAFF OFFICERS ARE REQUIRED TO COMPLETE A DISCLOSURE FORM AT LEAST ANNUALLY AND ARE REQUIRED TO NOTIFY THE COMMITTEE IN WRITING OF ANY PROPOSED CONTRACTS OR TRANSACTIONS INVOLVING A CONFLICT OF INTERESTS. THE DISCLOSURE FORMS AND ACTUAL CONTRACTS AND TRANSACTIONS ARE REVIEWED BY THIS COMMITTEE. PERSONS WHO HAVE A CONFLICT ARE NOT ALLOWED TO PARTICIPATE IN NOR ARE THEY PERMITTED TO HEAR THE DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND RESPOND TO QUESTIONS. THEY CANNOT BE PRESENT WHEN A VOTE IS TAKEN ON THE MATTER. SPECIFIC GUIDELINES EXIST TO ASSIST THE COMMITTEE IN DETERMINING THE FAIR MARKET VALUE OF A TRANSACTION OR CONTRACT INVOLVING A CONFLICTED PERSON. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE HAS THE SOLE AUTHORITY TO ESTABLISH THE COMPENSATION OF THE PRESIDENT AND STAFF VICE-PRESIDENTS AND KEY EMPLOYEES. COMPENSATION IS REVIEWED ANNUALLY IN CONNECTION WITH THE BUDGETING PROCESS. THE COMMITTEE HAS WRITTEN GUIDELINES FOR EVALUATING THE REASONABLENESS OF COMPENSATION INCLUDING PUBLISHED SURVEYS AND COMPARISONS TO SIMILAR ORGANIZATIONS, BOTH TAXABLE AND TAX EXEMPT, FOR FUNTIONALLY COMPARABLE POSITIONS. MINUTES ARE KEPT OF ALL EXECUTIVE COMMITTEE MEETINGS. THE MINUTES ARE REVIEWED AND APPROVED AT THE NEXT EXECUTIVE COMMITTEE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL FULLY COMPLY WITH ALL FEDERAL AND STATE PUBLIC DISCLOSURES REQUIRED WITH RESPECT TO ITS STATUS AS A TEX EXEMPT, NOT-FOR-PROFIT ORGANIZATION. SPECIFICALLY, DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTIONS AND COPIES WILL BE PROVIDED UPON REQUEST IN ACCORDANCE WITH PROCEDURES AND REQUIREMENTS SET FORTH IN CURRENT IRS REGULATIONS AS AMENDED FROM TIME TO TIME. THE FORM 990 IS ALSO UPLOADED ONTO GUIDESTAR'S WEBSITE WHERE IT CAN BE VIEWED BY THE GENERAL PUBLIC. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 4,214,568. MANAGEMENT AND GENERAL EXPENSES 2,700. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,217,268. PHYSICIANS AND RESIDENTS: PROGRAM SERVICE EXPENSES 85,008,717. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,008,717. PURCHASED SERVICES - ANCILLARY: PROGRAM SERVICE EXPENSES 28,632,114. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,632,114. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 659,991. MANAGEMENT AND GENERAL EXPENSES 624. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 660,615. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF DERIVATIVE 104,957. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS HAS NOT CHANGED FROM THE FILING OF THE PREVIOUS FORM 990. (IVM) INERTECH VENTURE MGMT LLC PO BOX 38050 SHREVEPORT LA 71133 721455822 ECONOMIC DEVELOPMENT LA -559 7229 BRF (BRFC) BRF CAPITAL LLC PO BOX 38050 SHREVEPORT LA 71133 721455336 ECONOMIC DEVELOPMENT LA -55333 715649 BRF (SI) SOUTHERN ISOTOPES LLC PO BOX 38050 SHREVEPORT LA 71133 721511418 MEDICAL ISOTOPES LA 0 0 BRF (BRFHH) BRF HOSPITAL HOLDINGS LLC 1505 KINGS HWY SHREVEPORT LA 71103 463179229 HEALTH CARE LA 431107459 246203637 BRF BRFHH SHREVEPORT LLC 1505 KINGS HWY SHREVEPORT LA 71103 800944985 HEALTH CARE LA 361018479 215301045 BRFHH BRFHH MONROE LLC 1505 KINGS HWY SHREVEPORT LA 71103 800945173 HEALTH CARE LA 70088980 30902592 BRFHH (IVF) INTERTECH VENTURE FUND LLC PO BOX 38050 SHREVEPORT LA 71133 721455821 VENTURE CAPITAL LA BRFC-PART I RELATED -55892 722878 0 0 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 FORM 990, SCHEDULE R, PART V, LINE 2 ALL RELATED ORGANIZATIONS REPORTED ON SCHEDULE R ARE CONTROLLED ENTITIES WITHIN THE MEAINING OF SECTION 512(B)(13) BUT ALL TRANSACTIONS ARE BELOW THE REPORTING THRESHOLD.