2011-08-12T16:20:52-05:00 2010-09-30 CLIFTON GUNDERSON LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2009-10-01 850110669 Lovelace Respiratory Research Institute LOVE 5053489383 2425 Ridgecrest Drive SE Albuquerque NM 87108 Richard C McGivney 5053489383 2011-08-12 1 Stephen E Livingston CPA 5058428290 2009 2016-02-24 21:20:13Z Richard C McGivney 2425 Ridgecrest Drive SE Albuquerque NM 87108 17509496 0 X www.lrri.org X 1965 NM Medical Research and Education 22 21 366 21 0 0 2460553 1035959 27660285 15398763 1957961 938527 23795 116638 32102594 17489887 0 0 9238429 3369543 0 0 18616831 17085705 27855260 20455248 4247334 -2965361 95248679 95150604 25590015 24458424 69658664 70692180 Conduct medical research and provide education dedicated to seeking the causes and cures for respiratory diseases. 0 0 15341436 15499479 Medical research and educational activity in the areas of basic biomedical research, health and population studies, primarily in respiratory diseases such as asthma, COPD, Allergy and toxic effects of environmental factors. 15341436 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 79 0 1 366 1 1 1 0 0 0 0 0 0 0 0 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X X Richard McGivney CFO 5053489389 2425 ridgecrest drive SE Albuquerque NM 87108 Robert W Rubin PhD 40.00 X X 594254 0 68532 Jackie Lovelace Johnson 2.00 X 0 0 0 Phelps Anderson 2.00 X 0 0 0 Patricia Buffler PhD 2.00 X 0 0 0 Norm Corzine 2.00 X 0 0 0 John Doesburg 2.00 X 0 0 0 David Durgin 2.00 X 0 0 0 Lisa Guillermin Gable 2.00 X 0 0 0 Martin Hickey 2.00 X 0 0 0 Don Kilgore Jr MD 2.00 X 0 0 0 Pope Moseley MD 2.00 X 0 0 0 Barbara Rogers 2.00 X 0 0 0 Ernie Romero 2.00 X 0 0 0 John Shelton 2.00 X 0 0 0 Pam Sullivan 2.00 X 0 0 0 James Swenberg 2.00 X 0 0 0 Melvin Twiest MD 2.00 X 0 0 0 Frank Bond 2.00 X 0 0 0 Jane Delgado 2.00 X 0 0 0 Joe Fulcher JD 2.00 X 0 0 0 Judy Jones 2.00 X 0 0 0 Jack McCarthy 2.00 X 0 0 0 Patricia J Marx 40.00 X 321734 0 23881 Richard C McGivney CPA 40.00 X 210727 0 20453 Frances Laur 40.00 X 86833 0 8064 William Bechtold 40.00 X 135508 0 12931 Cheryl DeVaul 40.00 X 176774 0 17058 Gary LaRue 40.00 X 139280 0 13309 Nancy Crowley 40.00 X 118995 0 11280 1784105 0 175508 9 0 1 0 Gerald Martin LTD PO Box 91450 Albuquerque NM 87113 Construction Services 1654654 Global Research Supply 7750 West Fourth St 176 Reno NV 89523 Supplies 465160 Meyners Company LLC 500 Marquette NW Suite 800 Albuquerque NM 87102 Audit Services 196324 Ernst & Young 5 Times Square New York NY 10036 Subcontract Services 155127 Southern California Series of Lockton 444 W 47th Street Suite 900 Kansas City MO 64112 Insurance 132195 5 985483 50476 1035959 Biomedical Research 541700 15398763 15398763 15398763 945657 945657 12479 19609 -7130 -7130 -7130 Non-operating revenues 900099 116638 100716 15922 116638 17489887 15499479 0 954449 1213549 910162 303387 1382082 1036561 345521 406069 304552 101517 367843 275882 91961 238474 178855 59619 2492842 1869632 623210 91275 68456 22819 384164 288123 96041 1075777 806833 268944 Corporate allocation 8762064 6571548 2190516 Service center expenses 1824581 1368436 456145 Project/Office Supplies 1081567 811175 270392 SSA goodwill amortizati 741678 556259 185419 Project Expenses 100309 75232 25077 292974 219730 73244 20455248 15341436 5113812 0 4890975 1567209 34552 55968 1706082 415684 88350 22790962 9670838 17088085 13120124 41241229 41947198 29872072 38371755 95248679 95150604 5736447 6628722 2758650 1801368 12690542 11003688 3819504 4980080 584872 44566 25590015 24458424 X 68706100 70692180 952564 0 69658664 70692180 95248679 95150604 X 0 1 1 X 1 1 X 593242 712834 6058324 2460553 1035959 10860912 593242 712834 6058324 2460553 1035959 10860912 2944556 7916356 1238491 2171684 1285659 1981756 961579 7639169 9365 9365 18509446 96444940 0.42770 0.43540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 159253 0 0 159253 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: The organization's lobbying activities are primarily for the purpose of obtaining and maintaining their governmental funding sources. 104544 106912 211456 18082265 7323701 10758564 1076990 323618 753372 3050191 1905303 1144888 370060 118216 251844 13120124 Equity Securities Mutual FDS 28939744 F Money Market Mutual Funds 102753 F Fixed Income 12904701 F 41947198 Bond Issuance Cost-Net 139901 Net Intercompany Receivable 32998816 Trusts 27088 WIP 310041 Bond Trust Funds 411990 Investment in LSR & SSA 488586 Non-compete & Goodwill - net 3950767 Deferred Comp 457(b) 44566 38371755 Deferred Comp 457(b) 44566 44566 Reconciliation of net assets per audited financial statements: 9/30/2009 net assets 69,658,664 prior period adjustment 277,300 net income (loss) per financial statements 756,216 9/30/2010 adjusted net assets 70,692,180 Reconcliiation of net assets, Form 990, page 1: 9/30/2009 net assets 69,658,664 Prior period adjustment 277,300 Form 990 net loss -2,965,361 Unrealized gain reported on financial statements 2,781,945 Equity in income of subsidiary reported on financial statements 939,632 9/30/2010 net assets 70,692,180 FIN 48, PART X, LINE 2: THE ORGANIZATION'S INCOME TAX FOOTNOTE CONTAINS A DESCRIPTION OF THE REQUIREMENTS OF FIN 48. IT THEN CONTAINS THE FOLLOWING TEXT: AS OF SEPTEMBER 30, 2010, THE COMPANY PERFORMED A REVIEW OF ITS MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY GAAP. AS A RESULT OF THIS REVIEW, LRRI AND LBERI QUALIFIED AS TAX EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRC AND HAD NO UNREPORTED INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AND DID NOT IDENTIFY ANY ENTITY LEVEL TAX POSITIONS FOR LRRI, LBERI, LRS, ALIVE OR SSA THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Robert W Rubin PhD 554254 0 40000 0 0 0 68532 0 0 0 662786 0 0 0 Patricia J Marx 286734 0 35000 0 0 0 23881 0 0 0 345615 0 0 0 Richard C McGivney CPA 195727 0 15000 0 0 0 20453 0 0 0 231180 0 0 0 Cheryl DeVaul 161774 0 15000 0 0 0 17058 0 0 0 193832 0 0 0 Gary LaRue 134280 0 5000 0 0 0 13309 0 0 0 152589 0 0 0 Part I, Line 4b: Part I, Line 4b: Robert W. Rubin $37,860 Robert W. Rubin $14,561 New Mexico Hospital Equipment Loan Council 850426875 2009-06-01 11000000 Retire 2000A debt, facilities construction and other equipment needs 0 0 New Mexico Hospital Equipment Loan Council 850426875 2004-09-15 5000000 Equipment 0 0 411990 125000 5175000 5700000 2010 1 0 0 1 5000000 2005 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 1 0 0 0 0 0 1 0 0 0 0 0 Form 990, Part VI, Section B, line 11 Form 990 was presented in draft form to the audit and compensation committee and to the full Board for review prior to submission. Form 990, Part VI, Section B, line 12c The organization has a Code of Conduct that addresses conflicts of interest. It is presented to the Board annually. Additionally, all employees including officers are rquired to read and acknowledge the Code annually. Form 990, Part VI, Section B, line 15 Audit and compensation committee receive recommendations from Human Resources and from Management as to: 1. Percent base salary increase for organization as a whole with targets and dollar amount of impact are presented, and approved by the audit and compensation committee. 2. Target amount of bonus compensation for the entire organization and dollar impact are presented, and approved by the audit and compensation committee. 3. CEO compensation (base, bonus and deferred compensation) are reviewed to market value for similar positions in the industry and approved by the audit and compensation committee. Form 990, Part VI, Section C, line 19 The documents are available via Guidestar and upon request. Form 990, Page 11, Part XI, Line 2c Financial Statements and Reporting The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The process is the same as in prior years. Form 990, Page 5, Questions 7G and H The organization did not receive the types of contributions listed and, therefore, does not have either a Form 8899 or a form 1098-C filing requirement. Therefore, these questions are left blank because they are not applicable and the answer is neither yes or no. Form 990, Page 9, Part VIII, Column (c) No amount was reported in column c for the unrelated business revenue from the intercompany rent and interest that is reported on Form 990-T because these amounts were not recorded in revenue but were recorded as a reduction in the applicable expense account for financial reporting purposes. Sandia Staffing Alliance LLC 6301 Indian School Road NE Suite 20 Albuquerque NM 87110 320210366 Staff Augmentation NM 993788 3609329 N/A Lovelace Biomedical and Environmental Research Institute 2425 Ridgecrest Drive SE Albuquerque NM 87108 510154068 Basic and Applied Research NM 501(c)(3) 7 N/A APLLovelace In Vitro Enterprises LLC 2425 Ridgecrest Dr SE Albuquerque NM 87108 264500583 In Vitro Services NM Lovelace Scientific Resources Inc 25884 12467 0 0 Lovelace Scientific Resources Inc 2441 Ridgecrest Drive SE Albuquerque NM 87108 850357767 Clinical Trials and other Medical Services NM N/A C 2955321 5209719 1.00000 Lovelace Intelligent Systems Inc 2425 Ridgecrest Drive SE Albuquerque NM 87108 208583176 Sales and support of medical software CA N/A C 1.00000 1 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 Lovelace Scientific Resources Inc (1-ADIMNOP) 3790827 Lovelace Scientific Resources Inc (1-ADIMNOP) -3849368 Lovelace Biomedical and Environmental Research Institute (1-ADIMNOP) 120860453 Lovelace Biomedical and Environmental Research Institute (1-ADIMNOP) -115558998 Sandia Staffing Alliance (1-ADIMNOP) 316776 Sandia Staffing Alliance (1-ADIMNOP) -911752