2025-05-14T08:22:01-05:00 2024-06-30 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2023-07-01 721402222 LSU HEALTH SCIENCES FOUNDATION IN SHREVEPORT LSUH 3188610855 920 PIERREMONT RD 506 SHREVEPORT LA 71106 KEVIN FLOOD CEO 3188610855 2025-05-12 1 0 AIMEE P MCFARLAND P01492592 3184291525 2025-05-03 2023 2025-03-06 01:10:19Z KEVIN FLOOD 920 PIERREMONT RD 506 SHREVEPORT LA 71106 35510691 0 X WWW.LSUHSFOUNDATION.ORG X 1997 LA THE SOLE MISSION OF THE FOUNDATION IS TO INSPIRE DONORS TO INVEST IN LSU HEALTH SHREVEPORT AND TO PROPERLY STEWARD CONTRIBUTIONS TOWARD ITS SUPPORT. 21 21 14 25 0 0 8718246 5869675 0 0 9994122 12893101 723757 678957 19436125 19441733 8372439 5507315 0 0 1236076 1424512 0 0 1630428 776624 2273146 10385139 9204973 9050986 10236760 288860046 311783590 91047469 94634336 197812577 217149254 THE SOLE MISSION OF THE FOUNDATION IS TO SUPPORT, ENHANCE AND ASSIST THE LSU HEALTH SCIENCES CENTER AT SHREVEPORT IN ITS MANY ENDEAVORS. 0 0 6780173 5507315 THE SOLE MISSION OF THE LSU HEALTH SCIENCES FOUNDATION IS TO SUPPORT, ENHANCE AND ASSIST THE LSU MEDICAL CENTER IN SHREVEPORT. THE FOUNDATION WILL ACCOMPLISH THIS MISSION BY:1) EXPANDING THE AWARENESS OF THE MEDICAL CENTER'S MANY CONTRIBUTIONS TO MEDICAL RESEARCH, EDUCATION OF MEDICAL PROFESSIONS AND QUALITY HEALTH CARE.2) DEVELOPING AND ENHANCING FINANCIAL SUPPORT FOR THE ENDEAVORS OF THE MEDICAL CENTER IN SHREVEPORT.3) PROVIDING THE MEANS THROUGH WHICH FINANCIAL SUPPORT IS RECEIVED AND ADMINISTERED. 6780173 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 78 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X THE ORGANIZATION 3188610855 920 PIERREMONT RD 506 SHREVEPORT LA 71106 DAVID ABDEHOU DIRECTOR 2.00 0.50 X 0 0 0 LEE ABRAHAM III DIRECTOR 2.00 0.50 X 0 0 0 SHANE BRIDGES DIRECTOR/PROPERTY CHAIR 2.00 0.50 X 0 0 0 BILL COMEGYS III VICE CHAIR/INVESTMENT CHAI 2.00 0.50 X X 0 0 0 MICHAEL BUSADA DIRECTOR 2.00 0.50 X 0 0 0 MARK GARRETT DIRECTOR 2.00 0.50 X 0 0 0 NANCY GERMANY DIRECTOR/ALUMNI COUNCIL CH 2.00 0.50 X 0 0 0 PATRICK HARRISON DIRECTOR 2.00 0.50 X 0 0 0 JAMES HOBLEY DIRECTOR 2.00 0.50 X 0 0 0 JERRY JONES DIRECTOR 2.00 0.50 X 0 0 0 ROB KING III DIRECTOR 2.00 0.50 X 0 0 0 RAY LASSEIGNE TREASURER/FINANCE CHAIR 2.00 0.50 X X 0 0 0 DENNIS O'CALLAGHAN DIRECTOR 2.00 0.50 X 0 0 0 ASHLEY PRINCE DIRECTOR 2.00 0.50 X 0 0 0 BUBBA RASBERRY DIRECTOR/GOVERNANCE CHAIR 2.00 0.50 X 0 0 0 JOHN EVANS DIRECTOR 2.00 0.50 X 0 0 0 VALARIE JAMISON SECRETARY/AUDIT CHAIR 2.00 0.50 X X 0 0 0 TOM OSTENDORFF III BOARD CHAIR 6.00 0.50 X X 0 0 0 SUSAN MOFFITT DIRECTOR/DEVELOPMENT COMMI 2.00 0.50 X 0 0 0 ARMAND ROOS IMMEDIATE PAST CHAIR 6.00 0.50 X X 0 0 0 DONALD POSNER DIRECTOR 2.00 0.50 X 0 0 0 KEVIN FLOOD PRESIDENT & CEO 40.00 0.50 X 179556 0 17484 BRIGETTE ROSE EXECUTIVE VP & CFO 40.00 0.50 X 164697 0 16174 JESSE GILMORE VP OF DEVELOPMENT 40.00 0.50 X 119325 0 14314 463578 0 47972 3 0 1 0 THE ROOSEVELT GROUP 200 MASSACHUSETTS AVE NW SUITE 360 WASHIGNTON DC 20001 LOBBYING 180000 1 676228 5193447 1333794 5869675 10898523 10898523 17775719 15781141 1994578 1994578 1994578 75474 676228 287817 -212343 -212343 MANAGEMENT FEE INCOME 541610 890989 890989 MISCELLANEOUS INCOME 900099 311 311 891300 19441733 891300 0 12680758 5507315 5507315 374000 272000 102000 804333 171457 632876 158656 59709 98947 87523 33259 54264 79286 79286 297600 28671 268929 11785 11785 20999 7980 13019 69978 26592 43386 9857 3746 6111 10078 5039 5039 38856 38856 AMORTIZATION OF DISCOUN 1272858 1272858 OTHER FUNDRAISING COSTS 217914 217914 PRINTING 93127 93127 MAINTENANCE AGREEMENTS 52486 31492 20994 98322 36285 62037 9204973 6780173 794372 1630428 3328354 4130029 15284066 13343004 361486 199856 32084 40792 89276 83799 0 5477 262662933 284459482 201970 305933 6989153 9299017 288860046 311783590 3127637 1434430 75797920 80107064 12121912 13092842 91047469 94634336 X 26888715 29825174 170923862 187324080 197812577 217149254 288860046 311783590 X 10236760 9365040 -265125 2 X X 0 1 X 1 0 X X 1 LSU HEALTH SCIENCES CENTER 720702002 3 1 5507315 0 1 5507315 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IV, SEC B, QUESTION 1 THERE IS AN AFFILIATION AGREEMENT BETWEEN THE FOUNDATION AND THE LSU BOARD OF SUPERVISORS, WHICH DEFINES AND GOVERNS RESPONSIBILITIES AND AUTHORITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 261244 261244 7670870 7932114 546606 136652 0 0 1000000 1000000 669257 546606 3215863 4823795 128431 281244 266244 261244 937163 250000 250000 167314 136652 803966 1205949 PART II-A, LINE 1B THE FOUNDATION PAID $55,000 TO SOUTHERN STRATEGY, A PROFESSIONAL LOBBYING ORGANIZATION, FOR THE PURPOSE OF OBTAINING ADDITIONAL FUNDING FOR THE LSU HEALTH SCIENCES CENTER. THE REMAINING $26,244 WAS PAID TO ADAMS & REESE, A PROFESSIONAL LOBBYING ORGANIZATION FOR REPRESENTING THE ENTIRE LSU SYSTEM, AND $180,000 TO THE ROOSEVELT GROUP TO REPRESENT THE LSU HEALTH SCIENCES CENTER. 0 1 X 132491148 3365019 17774711 2616210 2033372 148981296 122110382 3461185 13644995 4895084 1830330 132491148 146790342 4323351 -19837457 7143036 2022818 122110382 115653271 1729310 35108328 3780212 1920355 146790342 114766090 1121251 5457536 4041849 1649757 115653271 0.69540 0.12620 0.17840 0 0 5477 5477 83799 83799 0 5477 DUE TO LSU HEALTH SHREVEPORT-BOR 13092842 13092842 X 27998455 9365040 441850 9806890 18191565 265125 985043 1250168 19441733 8359682 427569 427569 7932113 1272860 1272860 9204973 PART IV, LINE 2B: IN 1986, THE LSU BOARD OF SUPERVISORS RECEIVED A SUBSTANTIAL MONETARY BEQUEST FROM MALCOLM W. FEIST, WHO SPECIFIED IN HIS TESTAMENT THAT THE BEQUEST WAS TO BE USED FOR THE BENEFIT OF LSU HEALTH SCIENCES CENTER AT SHREVEPORT. AN AGREEMENT WAS EXECUTED ON MAY 9, 2012 BETWEEN THE LSU BOARD OF SUPERVISORS AND THE FOUNDATION AUTHORIZING THE FOUNDATION TO PROVIDE MANAGEMENT AND INVESTMENT SERVICES FOR THESE FUNDS, IN RETURN FOR WHICH THE FOUNDATION IS ENTITLED TO A MONTHLY MANAGEMENT FEE. THE AGREEMENT IS EFFECTIVE JULY 1, 2012. THE AGREEMENT SPECIFIES THAT MFEIST LEGACY FUNDS WILL REMAIN STATE FUNDS OWNED BY THE BOARD OF SUPERVISORS. THE FUNDS WILL BE USED FOR PURPOSES CONSISTENT WITH THE DONOR'S EXPRESS INTENT AND DEEMED APPROPRIATE BY THE CHANCELLOR OF LSU HEALTH SCIENCES CENTER AT SHREVEPORT; THE CHANCELLOR'S APPROVAL IS REQUIRED FOR WITHDRAWAL. WHILE THE FUNDS REMAIN STATE-OWNED, THE FOUNDATION WILL ACT AS AGENT AS DESCRIBED IN THE PROVISIONS OF FASB ASC 958, AND THEREFORE RECORD AN ASSET AND LIABILITY FOR THE AMOUNT TRANSFERRED. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT, ENHANCE AND ASSIST THE LSU HEALTH SCIENCES CENTER AT SHREVEPORT IN ITS MANY ENDEAVORS. PART X, LINE 2: THE LSU HEALTH SCIENCES FOUNDATION IN SHREVEPORT, THE LSU HEALTH SCIENCES BUILDING FOUNDATION IN SHREVEPORT, AND THE LOUISIANA STRATEGIC RESEARCH INITIATIVE QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS, BUT THE FOUNDATION, BUILDING FOUNDATION AND LSRI ARE REQUIRED TO FILE AN ANNUAL INFORMATION RETURN. THE FOUNDATION, BUILDING FOUNDATION AND LSRI ARE ALSO REQUIRED TO REVIEW VARIOUS TAX POSITIONS THEY HAVE TAKEN WITH RESPECT TO THEIR EXEMPT STATUS AND DETERMINE WHETHER IN FACT THEY ARE TAX EXEMPT ENTITIES. THE FOUNDATION, BUILDING FOUNDATION, AND LSRI MUST ALSO CONSIDER WHETHER IT HAS NEXUS IN JURISDICTIONS IN WHICH THEY HAVE INCOME AND WHETHER A TAX RETURN IS REQUIRED IN THOSE JURISDICTIONS. IN ADDITION, AS TAX EXEMPT ENTITIES, THE FOUNDATION, BUILDING FOUNDATION, AND LSRI MUST ASSESS WHETHER THEY HAVE ANY TAX POSITIONS ASSOCIATED WITH UNRELATED BUSINESS INCOME SUBJECT TO INCOME TAX. THE FOUNDATION, BUILDING FOUNDATION, AND LSRI DO NOT EXPECT THEIR POSITIONS TO CHANGE SIGNIFICANTLY OVER THE NEXT TWELVE MONTHS. ANY PENALTIES RELATED TO LATE FILING OR OTHER REQUIREMENTS WOULD BE RECOGNIZED AS PENALTIES EXPENSE IN THE FOUNDATION'S AND BUILDING FOUNDATION'S ACCOUNTING RECORDS. THE FOUNDATION AND BUILDING FOUNDATION FILE U.S. FEDERAL FORM 990 FOR INFORMATIONAL PURPOSES. THE FOUNDATION'S AND BUILDING FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR THE TAX YEARS 2021 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: BUILDING FOUNDATION REPORTED ON SEPARATE 990 441,850. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -287,815. AMORTIZATION OF DISCOUNTED PLEDGES NETTED WITH CONTRIBUTIONS ON AUDIT 1,272,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 287,815. BUILDING FOUNDATION REPORTED ON SEPARATE 990 139,754. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 2. AMORTIZATION OF DISCOUNTED PLEDGES NETTED WITH CONTRIBUTIONS ON AUDIT 1,272,858. INVESTMENT 0 0 INVESTMENT 1533126 0 0 0 0 0 0 1533126 0 1533126 0 0 0 0 0 0 PART I, LINE 3: THE ENTITY IS INVESTED IN CANCER FOCUS FUND, LP FROM WHICH THEY RECEIVE A K-1. THIS K-1 ENTITY INVESTED IN KAHR MEDICAL LTD. WHICH IS AN ISRAELI ENTITY. THE AVERAGE VALUE OF FOREIGN ASSETS PER THE 2023 SCHEDULE K-3 IS $1,533,126. EVENING FOR HEALERS 491352 442352 49000 30578 93836 69469 LIFESAVERS 168107 154107 14000 1498 18617 12000 34032 3 92243 79769 12474 12404 3310 12073 751702 676228 75474 44480 115763 12000 115574 287817 -212343 1 LSU HEALTH SCIENCES CENTER SHREVEPORT 1501 KINGS HWY SHREVEPORT LA 71103 720702002 501(C)3 5507315 0 SUPPORT LSU HEALTH SCIENCES CENTER 1 PART I, LINE 2: LSU HEALTH SCIENCES FOUNDATION IN SHREVEPORT ONLY MAKES GRANTS OR ASSISTANCE TO THE LSU HEALTH SCIENCES CENTER IN SHREVEPORT. THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE ALL AMOUNTS PAID. X X X 0 0 0 0 0 0 0 0 0 KEVIN FLOOD PRESIDENT & CEO 179556 0 0 0 0 0 7900 0 9584 0 197040 0 0 0 BRIGETTE ROSE EXECUTIVE VP & CFO 164697 0 0 0 0 0 6590 0 9584 0 180871 0 0 0 X 3 1328794 STOCK MARKET X AUCTION PRIZE DONATIONS 1 5000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ARMAND ROOS AND DAVID POSNER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND CFO IN CONJUNCTION WITH THE FINANCE OR AUDIT COMMITTEE, WHICH PRESENTS THE FORM 990 FOR BOARD REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REVIEWING THE DAILY OPERATIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES INCLUDES A REVIEW OF COMPARABILITY DATA, FORM 990 OF OTHER ORGANIZATIONS BY THE COMPENSATION COMMITTEE AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. COMPENSATION IS APPROVED BY THE PERSONNEL COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 2. FORM 990, PART XI, LINE 2C THE FOUNDATION'S BOARD OVERSEES THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. LSU HEALTH SCIENCES CENTER SHREVEPORT 1501 KINGS HWY SHREVEPORT LA 71103 720702002 MEDICAL SCHOOL/HOSPITAL LA 501(C)3 2 N/A 0 LSU HEALTH SCIENCES BUILDING FOUNDATION IN SHREVEPORT 920 PIERREMONT RD STE 506 SHREVEPORT LA 71106 462032249 HOLDS REAL ESTATE FOR THE BENEFIT OF THE LSU HEALTH SCIENCES FOUNDATION LA 501(C)3 LINE 12A, I N/A 0 LOUISIANA STRATEGIC RESEARCH INITIATIVE 920 PIERREMONT RD STE 506 SHREVEPORT LA 71106 821878290 SUPPORT RESEARCH AT LSU HEALTH SCIENCES CENTER SHREVEPORT LA 501(C)3 LINE 10 LSU HEALTH SCIENCES FOUNDATION 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 LSU HEALTH SCIENCES CENTER SHREVEPORT B 5507315 ACCRUAL LSU HEALTH SCIENCES BUILDING FOUNDATION IN SHREVEPORT D 9299017 ACCRUAL LSU HEALTH SCIENCES BUILDING FOUNDATION IN SHREVEPORT O 374000 ACCRUAL