2025-06-30T16:14:27-05:00 2024-06-30 923320348 EAG GULF COAST LLC ONE GALLERIA BLVD STE 2100 METAIRIE LA 70001 990 2023-07-01 581767810 PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PENN 2257632500 6400 PERKINS ROAD BATON ROUGE LA 70808 JANET L OLSON PRESIDENT AND CEO 2257632500 2025-06-25 1 1 GINA RACHEL P01216293 5048375990 2023 2025-03-06 01:10:19Z JANET L OLSON 6400 PERKINS ROAD BATON ROUGE LA 70808 11408534 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 10 50 1311 0 3259267 4077999 0 952693 657781 712809 928846 90768 4845894 5834269 0 0 0 0 1467121 1637023 0 0 665434 2600853 2290547 4067974 3927570 777920 1906699 26184075 29530991 7725097 7740985 18458978 21790006 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 534022 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. 2026422 1086789 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. 148980 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. 2709424 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 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 10 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 JANET L OLSON 2257632500 6400 PERKINS ROAD BATON ROUGE LA 70808 MARVIN BORGMEYER BOARD MEMBER 1.00 X 0 0 0 PAULA P DE LA BRETONNE BOARD MEMBER 1.00 X 0 0 0 JS SI BROWN III BOARD MEMBER (THRU FEB 2024) 1.00 X 0 0 0 ARTHUR E FAVRE BOARD MEMBER 1.00 X 0 0 0 FRAN HARVEY BOARD MEMBER 1.00 X 0 0 0 CHRIS HASKEW BOARD MEMBER (THRU DEC 2023) 1.00 X 0 0 0 VENEETH IYENGAR BOARD MEMBER 1.00 X 0 0 0 C KRIS KIRKPATRICK BOARD MEMBER 1.00 X 0 0 0 BRENT MCCOY BOARD MEMBER (THRU DEC 2023) 1.00 X 0 0 0 CLAUDE B PENNINGTON BOARD MEMBER 1.00 X 0 0 0 DARYL B PENNINGTON SR BOARD MEMBER 1.00 X 0 0 0 CHRISTEL C SLAUGHTER PHD BOARD MEMBER 1.00 X 0 0 0 JOHN SPAIN BOARD MEMBER 1.00 X 0 0 0 ANN WILKINSON BOARD MEMBER 1.00 X 0 0 0 KAREN WILLIAMS MD BOARD MEMBER (THRU DEC 2023) 1.00 X 0 0 0 REBECCA BONIOL EX-OFFICIO 1.00 X 0 0 0 SHARON WESTON BROOME EX-OFFICIO 1.00 X 0 0 0 SID EDWARDS EX-OFFICIO 1.00 X 0 0 0 DR JOHN KIRWAN PHD EX-OFFICIO 1.00 X 0 0 0 LORI MELANCON EX-OFFICIO 1.00 X 0 0 0 JAKE L NETTERVILLE EX-OFFICIO (THRU DEC 2023) 1.00 X 0 0 0 WILLIAM TATE IV EX-OFFICIO 1.00 X 0 0 0 MARY WERNER EX-OFFICIO (THRU MAY 2024) 1.00 X 0 0 0 REBECCA SCHUTTE PRESIDENT/CEO (THRU DEC 2023) 40.00 X 170987 0 33885 ANDRE GREENE INTERIM PRESIDENT/CEO THRU MAY 40.00 X 142824 0 19900 JANET L OLSON INTERIM PRESIDENT/CEO 40.00 X 0 0 0 BRIANNA BARRETT CHIEF DEVELOPMENT OFFICER 40.00 X 55353 0 6935 GEORGE D NELSON JR CHAIRPERSON 1.00 X 0 0 0 CHARLES LAMAR VICE CHAIR 1.00 X 0 0 0 ANNETTE D BARTON SECRETARY 1.00 X 0 0 0 MONICA ZUMO TREASURER 1.00 X 0 0 0 369164 0 60720 2 0 1 0 MILTON J WOMACK INC 8400 JEFFERSON HWY BATON ROUGE LA 70809 CONSTRUCTION SERVICES 383876 1 240906 517929 3319164 31995 4077999 DEVELOPMENT SERVICE AGREEMENT 900099 629920 629920 FUND MANAGEMENT 900099 322773 322773 952693 823499 1311 822188 15431 15431 5358747 5469437 -110690 -110690 -110690 46069 240906 104828 -58759 -58759 OTHER INCOME 900099 134096 134096 134096 5834269 1086789 1311 668170 X 460796 228789 232007 980200 624891 106819 248490 133884 50150 37810 45924 62143 23277 17550 21316 22739 21360 472 907 50413 47355 1048 2010 20000 20000 227876 227876 597383 561141 12424 23818 32585 11617 13791 7177 204156 164975 15101 24080 77474 75430 2044 3113 3113 70853 70853 RESEARCH SUPPLIES & EQU 473181 473181 SPONSORSHIPS & DONATION 425444 421842 3602 BUSINESS DEVELOPMENT 196825 143829 5325 47671 MISCELLANEOUS 142740 136280 6321 139 -254235 -273780 13296 6249 3927570 2709424 552712 665434 257833 166919 191433 325467 1081461 1720660 125209 127452 39138 43546 25744 16686 0 9058 24470777 27059039 18224 78850 26184075 29530991 274779 202793 748592 727815 6701726 6810377 7725097 7740985 X 2087561 2244843 16371417 19545163 18458978 21790006 26184075 29530991 X 1906699 1372139 136657 -84467 X X 0 1 X 1 0 X 3068436 4031345 3454367 3121426 4077999 17753573 3068436 4031345 3454367 3121426 4077999 17753573 3046129 14707444 547966 568822 690991 725418 837619 3370816 1311 1311 424150 755308 850506 957758 1086789 4074511 25200211 0.58360 0.52330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 20000 3907570 3927570 346379 86595 0 0 402840 463594 494603 346379 1707416 2561124 20600 20000 20000 20000 80600 100710 115899 123651 86595 426855 640283 13125589 409675 1704483 1038431 14201316 12691511 337742 1028466 932130 13125589 14043667 863085 -1362251 -852990 12691511 10926532 187000 3714309 784174 14043667 11564003 187500 -14647 810324 10926532 0.00774 0.68588 0.30638 0 0 25744 16686 9058 9058 ANNUITY HELD BY RABBI TRUST 621947 C BENEFICIAL INTEREST IN LEAD TRUST 333341 C INVESTMENT SECURITIES - RESTRICTED 26103751 C 27059039 FUNDS HELD IN CUSTODY 6163499 OTHER LIABILITIES 24931 RETIREMENT OBLIGATION 621947 6810377 X 11867933 1372139 4641164 151202 6164505 5703428 130841 130841 5834269 8673562 4641164 104828 4745992 3927570 0 3927570 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, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 104,828. CHANGE IN VALUE OF SPLIT INTEREST TRUSTS 46,374. PART XI, LINE 4B - OTHER ADJUSTMENTS: BRAY RABBI TRUST INTEREST INCOME 130,841. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 104,828. THE ANSWER 286925 240906 46019 5000 31765 28877 39187 286925 240906 46019 5000 31765 28877 39187 104829 -58810 1 X X X 0 0 0 0 0 0 0 0 0 REBECCA SCHUTTE PRESIDENT/CEO (THRU DEC 2023) 170987 0 0 0 0 0 18266 0 15619 0 204872 0 0 0 ANDRE GREENE INTERIM PRESIDENT/CEO THRU MAY 142824 0 0 0 0 0 4636 0 15264 0 162724 0 0 0 X 1 500 FAIR MARKET VALUE X 6648 FAIR MARKET VALUE X 3 1530 FAIR MARKET VALUE X GIFT CARDS 27 23235 FAIR MARKET VALUE X SPORTING GOODS 1 82 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 OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 561,141. MANAGEMENT AND GENERAL EXPENSES 12,424. FUNDRAISING EXPENSES 23,818. TOTAL EXPENSES 597,383. FORM 990, PART XI, LINE 9: INTEREST INCOME -130,841. CHANGE IN VALUE OF SPLIT INTEREST TRUSTS 46,374. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PENNINGTON MEDICAL FOUNDATION (FINAL 63024) 6400 PERKINS ROAD BATON ROUGE LA 70808 720883155 TRUST ADMINISTRATION LA 501(C)(3) LINE 12C, III-FI 0 PENNINGTON BIOMEDICAL RESEARCH CNTR CAMPUS BOARD OF SUPERVISORS 6400 PERKINS ROAD BATON ROUGE LA 70808 726000848 RESEARCH IN NUTRITION AND PREVENTIVE MEDICINE LA PUBLIC CHARITY LINE 10 BOARD OF SUPERVISORS OF LSU A&M COLLEGE 0 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 PENNINGTON BIOMEDICAL RESEARCH CENTER P 1272835 PENNINGTON BIOMEDICAL RESEARCH CENTER E 63071