2026-05-14T11:08:41-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2024-07-01 850110669 LOVELACE BIOMEDICAL RESEARCH INSTITUTE LOVE 5053489361 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 SHANNON L TOMA EXEC VP, COO, CFO 5053489361 2026-05-12 1 1 PAMELA ALEXANDERSON P01218925 5058787200 2026-05-12 2024 2025-03-06 01:10:19Z SALOMON AMAR 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 122941955 0 X WWW.LOVELACEBIOMEDICAL.ORG X 1965 NM THE LOVELACE BIOMEDICAL RESEARCH INSTITUTE (LBRI) IS A PRIVATE, BIOMEDICAL RESEARCH ORGANIZATION DEDICATED TO IMPROVING PUBLIC HEALTH THROUGH RESEARCH ON THE PREVENTION, TREATMENT AND CURE OF DISEASES. LBRI IS COMMITTED TO CURING DISEASES THROUGH RESEARCH AIMED AT UNDERSTANDING THEIR CAUSES AND BIOLOGICAL MECHANISMS; ASSESSING AND ELIMINATING EXPOSURES TO RESPIRATORY, NEUROLOGICAL AND OTHER HEALTH HAZARDS; AND DEVELOPING IMPROVED THERAPEUTICS, VACCINES, AND DIAGNOSTICS. LBRI IS BASED IN ALBUQUERQUE, NEW MEXICO. 10 6 495 6 0 0 10571681 12194618 77674822 63041316 2846773 5409527 116521 2751580 91209797 83397041 0 0 0 0 36877596 38722912 0 0 0 54608906 49021784 91486502 87744696 -276705 -4347655 256421032 255478512 44398188 48316899 212022844 207161613 X THE LOVELACE BIOMEDICAL RESEARCH INSTITUTE (LBRI) IS A PRIVATE, BIOMEDICAL RESEARCH ORGANIZATION DEDICATED TO IMPROVING PUBLIC HEALTH THROUGH RESEARCH ON THE PREVENTION, DIAGNOSIS, TREATMENT AND CURE OF DISEASES. LBRI IS DEDICATED TO THE DISCOVERY AND ADVANCEMENT OF CLINICAL SOLUTIONS FOR PREVENTION, DIAGNOSIS, TREATMENT AND CURING DISEASES THROUGH RESEARCH. THE RESEARCH IS AIMED AT UNDERSTANDING THEIR CAUSES AND BIOLOGICAL MECHANISMS; ASSESSING AND ELIMINATING EXPOSURES TO RESPIRATORY, NEUROLOGICAL AND OTHER HEALTH HAZARDS; MENTAL ILLNESS; TRAUMATIC BRAIN INJURY AND OTHER BRAIN DISORDERS; AND DEVELOPING IMPROVED THERAPEUTICS, VACCINES, AND DIAGNOSTICS. LBRI IS BASED IN ALBUQUERQUE, NEW MEXICO. 0 0 77084856 63041316 MEDICAL RESEARCH AND EDUCATIONAL ACTIVITY IN THE AREAS OF BASIC BIOMEDICAL RESEARCH, HEALTH AND POPULATION STUDIES, INCLUDING RESPIRATORY DISEASES SUCH AS ASTHMA, COPD, ALLERGY AND TOXIC EFFECTS OF ENVIRONMENTAL FACTORS. ADDITIONAL AREAS INCLUDE NEUROLOGIC CONDITIONS SUCH AS TRAUMATIC BRAIN INJURY, ADDICTION AND PSYCHOPATHY. 77084856 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 103 0 1 495 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X X SHANNON TOMA 5053489361 2425 RIDGECREST DRIVE SE ALBUQUERQUE NM 87108 ALAN KADISH PRESIDENT AND CHAIRMAN OF THE BOARD 2.00 40.00 X X 0 1265315 121813 MATTHEW F BONILLA SPECIAL APPOINTEE 2.00 40.00 X 0 333033 47831 JANE DELGADO DIRECTOR 2.00 X 0 0 0 WANDA HERNANDEZ SPECIAL APPOINTEE (THRU 9/23/24) 2.00 40.00 X 0 0 0 NICHOLAS S JANIGA SPECIAL APPOINTEE 2.00 40.00 X 0 355397 71226 JACKIE LOVELACE JOHNSON DIRECTOR 2.00 X 0 0 0 JOSPEH D MARK DIRECTOR 2.00 X 0 0 0 CHARLES MATTIELLO SPECIAL APPOINTEE 2.00 40.00 X 0 233171 25447 LAWRENCE D PLATT DIRECTOR 2.00 X 0 0 0 MARGARET RETTER DIRECTOR 2.00 X 0 0 0 ZVIGMOND RYZMAN DIRECTOR 2.00 X 0 0 0 SHANNON L TOMA EXEC VP, COO, CFO 40.00 0.50 X 705999 0 64070 ROBERT W RUBIN PHD CEO (THROUGH 5/31/25) 38.00 0.50 X 782222 0 63292 SALOMON AMAR CEO (STARTING 6/1/25) 38.00 0.50 X 0 641578 71238 STEVEN A BELINSKY VP, ACADEMIC RESEARCH/SR SCIENTIST 40.00 X 395524 0 40460 PHILLIP KUEHL SR. DIR., PRECLINICAL DRUG DEVELOPMENT 40.00 X 296621 0 32016 MELANIE DOYLE-EISELE SR. DIRECTOR OF LIFE SCIENCES 40.00 X 295478 0 38944 DAVID M FLANDERS VP, HUMAN RESOURCES 40.00 X 289027 0 34754 KENT KIEHL EXECUTIVE SCIENCE OFFICER 40.00 X 334368 0 41570 3099239 2828494 652661 43 0 1 0 BRADBURY STAMM CONSTRUCTION INC 7110 2ND ST NW ALBUQUERQUE NM 87107 CONSTRUCTION SERVICES 6965236 SUMMIT CONSTRUCTION INC 900 HAZELDINE SE ALBUQUERQUE NM 87106 CONSTRUCTION SERVICES 1396279 NCA ARCHITECTS LLC 1306 RIO GRANDE BLVD NW ALBUQUERQUE NM 87104 CONSTRUCTION SERVICES 1228877 UNIVERSAL PROTECTION SERVICES LP 101 COPPERWOOD WAY OCEANSIDE CA 92058 OUTSOURCED SECURITY SERVICES 512279 MOSS ADAMS 6565 AMERICAS PARKWAY NE SUITE 600 ALBUQUERQUE NM 87110 ACCOUNTING SERVICES 234074 5 2782801 9294265 117552 12194618 BIOMEDICAL RESEARCH 541700 50746173 50746173 PROGRAM SERVICE CHARGE 541700 12295143 12295143 63041316 1469490 1469490 32278 32278 308862 24510 284352 284352 284352 43458349 2092 39520404 0 3937945 2092 3940037 3940037 INSURANCE CLAIM 524298 2394950 2394950 40000 40000 2434950 83397041 63041316 0 8161107 1718514 1718514 25739405 22337201 3402204 2304702 2000069 304633 6790340 5934757 855583 2169951 1883129 286822 29439 29439 280265 280265 76802 76802 105958 105958 6842617 6270804 571813 70495 70495 316061 295206 20855 1622893 1475429 147464 3634153 3394371 239782 2184392 1572534 611858 160505 140901 19604 835869 835869 7600442 6765141 835301 1325593 1212558 113035 RESEARCH SUPPLIES 19725576 19681149 44427 REPAIRS AND MAINTENANCE 1610166 1503927 106239 NON-CAPITAL EQUIPMENT 810674 757301 53373 1789884 1789884 87744696 77084856 10659840 0 19224 2531 446470 176700 25772876 21803070 1546639 1606510 144383049 12601566 110795643 131781483 66109196 53251483 4233737 2593627 40959091 38138636 6538156 6124472 256421032 255478512 11756698 9898461 15621944 12494230 12330736 9991412 4688810 15932796 44398188 48316899 X 212022844 207161613 212022844 207161613 256421032 255478512 X -4347655 1970023 -2483599 X 0 1 X 1 1 1 X 12922849 8132918 12759726 10571681 12194618 56581792 12922849 8132918 12759726 10571681 12194618 56581792 56581792 1550631 1283511 1594525 1806919 1810630 8046216 40654 40654 17593 8416 62551 976 2434950 2524486 67193148 385969172 0.84210 0.87840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 17,593. 2021 AMOUNT: $ 8,416. 2022 AMOUNT: $ 62,551. 2023 AMOUNT: $ 976. 2024 AMOUNT: $ 40,000. BAD DEBT RECOVERY - INSURANCE CLAIM - 2024 AMOUNT: $ 2,394,950. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76802 76802 87667895 87744697 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 47160 64380 69500 76802 257842 250000 250000 250000 250000 1000000 1500000 PART II-A, LINE 1 EXPENSES WERE INCURRED TO ENSURE THE ORGANIZATION WOULD BE ALERTED OF PENDING LEGISLATION IMPACTING IT, AND HELP GUIDE THROUGH CHANGES. 104544 4160000 4264544 108224794 7857667 100367127 84300 28100 56200 17185340 4715799 12469541 14624071 14624071 131781483 RIGHT OF USE LEASE LIABILITIES 3949588 OPEN LINE OF CREDIT 9308484 DUE TO AFFILIATE 276245 DEFERRED COMPENSATION 2398479 15932796 X PART X, LINE 2: LBRI IS AN ENTITY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) OF 1986, AS AMENDED, AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). FURTHER, LBRI, HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER IRC SECTION 509(A) AS DESCRIBED IN IRC SECTION 170(B)(1)(A)(VI), AND AS SUCH, CONTRIBUTIONS TO LBRI QUALIFY AS CHARITABLE CONTRIBUTIONS. HOWEVER, INCOME GENERATED FROM CERTAIN ACTIVITIES UNRELATED TO LBRI'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAX AS UNRELATED BUSINESS INCOME UNDER IRC SECTION 511. AS OF JUNE 30, 2025, THE COMPANY PERFORMED A REVIEW OF ITS MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY US GAAP. AS A RESULT OF THIS REVIEW, THE COMPANY CONCLUDED THAT LBRI HAD NO UNREPORTED INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AND NO ENTITY LEVEL TAX POSITIONS THAT WOULD NOT MEET THE MORE LIKELY THAN NOT THRESHOLD. THE COMPANY FILES TAX RETURNS AS PRESCRIBED BY THE TAX LAWS OF THE JURISDICTIONS IN WHICH IT OPERATES. IN THE NORMAL COURSE OF BUSINESS, THE COMPANY IS SUBJECT TO EXAMINATION BY FEDERAL, STATE, LOCAL, AND FOREIGN JURISDICTIONS, WHERE APPLICABLE. THE COMPANY RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THERE WERE NO SUCH INTEREST OR PENALTIES RECORDED FOR THE YEAR ENDED JUNE 30, 2025. X X 0 0 0 0 0 0 0 1 0 ALAN KADISH PRESIDENT AND CHAIRMAN OF THE BOARD 0 1097945 0 0 0 167370 0 97250 0 24563 0 1387128 0 0 ROBERT W RUBIN PHD CEO (THROUGH 5/31/25) 742222 0 40000 0 0 0 56381 0 6911 0 845514 0 0 0 SHANNON L TOMA EXEC VP, COO, CFO 665999 0 40000 0 0 0 56381 0 7689 0 770069 0 0 0 SALOMON AMAR CEO (STARTING 6/1/25) 0 584008 0 0 0 57570 0 33950 0 37288 0 712816 0 0 STEVEN A BELINSKY VP, ACADEMIC RESEARCH/SR SCIENTIST 363524 0 32000 0 0 0 33881 0 6579 0 435984 0 0 0 NICHOLAS S JANIGA SPECIAL APPOINTEE 0 355397 0 0 0 0 0 32480 0 38746 0 426623 0 0 MATTHEW F BONILLA SPECIAL APPOINTEE 0 333033 0 0 0 0 0 17250 0 30581 0 380864 0 0 KENT KIEHL EXECUTIVE SCIENCE OFFICER 334368 0 0 0 0 0 33881 0 7689 0 375938 0 0 0 MELANIE DOYLE-EISELE SR. DIRECTOR OF LIFE SCIENCES 275478 0 20000 0 0 0 31382 0 7562 0 334422 0 0 0 PHILLIP KUEHL SR. DIR., PRECLINICAL DRUG DEVELOPME 276621 0 20000 0 0 0 31382 0 634 0 328637 0 0 0 DAVID M FLANDERS VP, HUMAN RESOURCES 257027 0 32000 0 0 0 30733 0 4021 0 323781 0 0 0 CHARLES MATTIELLO SPECIAL APPOINTEE 0 233171 0 0 0 0 0 11701 0 13746 0 258618 0 0 PART I, LINE 7 BONUSES ARE BASED ON TITLE AND ESTABLISHED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF LBRI IS NYMC, LLC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER NYMC, LLC HAS THE POWER TO ELECT SIX DIRECTORS TO LOVELACE BIOMEDICAL RESEARCH INSTITUTE'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B NYMC, LLC HAS THE POWER TO REMOVE, APPOINT, OR REPLACE ANY OFFICER OF LBRI OR CREATE ANY NEW CHIEF OFFICER LEVEL POSITIONS AT LBRI; OR MAKE ANY AMENDMENT TO LBRI'S MISSION STATEMENT, ARTICLES OR BYLAWS OR ANY AMENDMENT TO THE MISSION STATEMENT, ARTICLES OF INCORPORATION, BYLAWS OR OTHER GOVERNING DOCUMENTS OF ANY AFFILIATE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED IN DRAFT FORM 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 REQUIRED TO READ AND ACKNOWLEDGE THE CODE ANNUALLY. IN ADDITION, IF A CONFLICT ARISES, THE CONFLICTED INDIVIDUAL RECUSES HIMSELF FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD OF DIRECTORS RECEIVES COMPENSATORY RECOMMENDATION FROM HUMAN RESOURCES AND FROM MANAGEMENT AS TO: 1. PERCENT BASE SALARY INCREASE FOR THE ORGANIZATION AS A WHOLE WITH TARGETS AND THE DOLLAR AMOUNT OF IMPACT ARE PRESENTED TO AND APPROVED BY THE BOARD OF DIRECTORS. 2. TARGET AMOUNT OF BONUS COMPENSATION FOR THE ENTIRE ORGANIZATION AND THE DOLLAR IMPACT ARE PRESENTED AND APPROVED BY THE BOARD OF DIRECTORS. 3. CEO COMPENSATION (BASE, BONUS AND DEFERRED COMPENSATION) IS REVIEWED TO MARKET VALUE FOR SIMILAR POSITIONS IN THE INDUSTRY AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS IS DOCUMENTED AND WAS LAST COMPLETED IN JUNE 2025. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGE IN NET ASSETS RESULTING FROM AN AFFILIATE TRANSACTION -2,483,599. 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