Liabilities / Assets
31st percentile
Higher debt load relative to assets than 31% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Down$1,322,509
Down $58,468,852 (-98%) from 2015
Net Assets
Down$1,295,284
Down $40,096,209 (-97%) from 2015
Liabilities
Down$27,225
Down $18,372,643 (-100%) from 2015
Revenue And Expenses
Revenue
Up-$392,675
Up $36,623 (+8.5%) from 2015
Expenses
Up$39,630,808
Up $36,656,600 (+1232%) from 2015
Net Income
Down-$40,023,483
Down $36,619,977 (-1076%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Nov 7, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $429,861
Mission and Program Overview
Mission
The pennington medical foundation administers the trust established by c.b. Pennington and irene w. Pennington, provides financial support for medical research programs of the pennington biomedical research center, a campus of the board of supervisors of louisiana state university agricultural and mechanical college, by providing capital and seed funding, and supports the development and expansion of the center and its programs.
The pennington medical foundation administers the trust established by c.b. Pennington and irene w. Pennington, provides financial support for medical research programs of the pennington biomedical research center by providing capital grants and seed funding, and supports the development and expansion of the center and its programs.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $31,048,912 | $0 | ▼ $31,048,912 |
| Investments Other Securities | $10,118,717 | $1,301,096 | ▼ $8,817,621 |
| Prepaid Expenses and Deferred Charges | $60,336 | $8,237 | ▼ $52,099 |
| Cash and Non-Interest-Bearing Accounts | $27,166 | $1,903 | ▼ $25,263 |
| Total Assets | $59,791,361 | $1,322,509 | ▼ $58,468,852 |
| Other Assets Total | $18,536,230 | $11,273 | ▼ $18,524,957 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $17,840,374 | $0 | ▼ $17,840,374 |
| Other Liabilities | $437,105 | $0 | ▼ $437,105 |
| Accounts Payable and Accrued Expenses | $122,389 | $27,225 | ▼ $95,164 |
| Total Liabilities | $18,399,868 | $27,225 | ▼ $18,372,643 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $41,391,493 | $1,295,284 | ▼ $40,096,209 |
| Total Net Assets Fund Balance | $41,391,493 | $1,295,284 | ▼ $40,096,209 |
| Total Liabilities and Net Assets / Fund Balance | $59,791,361 | $1,322,509 | ▼ $58,468,852 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $0 | $366,250 | $366,250 |
| Other Securities | $25,658 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2016 | $41,391,493 | $92,890 | ▼ $558,291 | $39,482,720 | $1,295,284 |
| 2015 | $45,918,693 | $103,660 | ▼ $1,656,652 | $2,656,448 | $41,391,493 |
| 2014 | $48,590,790 | $98,854 | ▲ $960,071 | $3,370,332 | $45,918,693 |
| 2013 | $50,296,055 | $105,851 | ▲ $1,553,431 | $3,042,225 | $48,590,790 |
| 2012 | $49,986,061 | $103,660 | ▲ $3,541,726 | $3,023,018 | $50,296,055 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| William L Silvia Jr | President/CEO | PT | $57,000 | $57,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| Brad Jewell | Director of Accounting |
| Charles Lamar | Trustee |
| Claude B Pennington Iii | Trustee |
| Daryl B Pennington Sr | Trustee |
| Dr Christel C Slaughter | Trustee |
| Dr F King Alexander | Trustee |
| Dr Larry Hollier | Trustee |
| Dr William B Richardson | Trustee |
| G Lee Griffin | Trustee |
| Jake L Netterville | Trustee |
| Paula Pennington De La Bretonne | Trustee |
| Raymond G Post | Trustee |
| Richard Lipsey | Trustee |
| Dr William T Cefalu | Ex-officio |
| William Hodgkins | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $-527,968
- Other Revenue
- $135,293
- Change in Net Assets
- $-40,023,483
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $-392,675
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $-72,726
- Total Revenue per Audited Statements
- $-465,401
- Total Revenue per Form 990
- $-392,675
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $38,031,960 |
| Other Expenses | $1,598,848 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $38,031,960 | - | - | $38,031,960 |
| Depreciation Depletion | $439,965 | - | - | $439,965 |
| Interest | $437,105 | - | - | $437,105 |
| Fees for Services Other | $25,747 | $98,220 | - | $123,967 |
| Insurance | $57,989 | $12,928 | - | $70,917 |
| Other Expenses | $36,515 | $17,985 | - | $54,500 |
| All Other Expenses | $23,331 | $9,537 | - | $32,868 |
| Fees for Service Investment Mgmnt Fees | - | $9,148 | - | $9,148 |
| Office Expenses | - | $270 | - | $270 |
| Total Functional Expenses | $39,482,720 | $148,088 | $0 | $39,630,808 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $39,630,808 |
| Total Expenses per Audited Statements | $39,630,808 |
| Total Expenses per Form 990 | $39,630,808 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| The Board of Supervisors of Lsu and Agricultural and Mechanical College | Baton Rouge, LA | 501(c)(3) | Research | - |
International Summary
- Offices
- 0
- Employees
- 0
- Spending
- $23,471
International Compliance
- Activity in boycott countries
- No
- Foreign corporation ownership
- No
- Foreign partnership interest
- No
- Interest in foreign trust
- No
- Passive foreign investment company interest
- No
- Transfers to foreign corporations
- No
International Activities
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Central America and the Caribbean | Investments | - | 0 | 0 | $23,471 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- Yes
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| William L Silvia Jr | Officer | Financial Management and Planning, Facilities Management and Planning, Governmental, Community, and Lsu System Relations, and Economic Development | No | $57,000 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- Yes
- Material changes to governing documents
- Yes
- Compensation from other sources disclosed
- Yes
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 2
“1) paula pennington de la bretonne, claude b. Pennington iii, and daryl b. Pennington have a family relationship. 2) paula pennington de la bretonne, claude b. Pennington iii, and daryl b. Pennington have a business relationship. 3) william hodgkins and paula pennington de la bretonne, claude b. Pennington iii, and darryl pennington have a business relationship.”
Form 990, Part VI, Section A, Line 4
“The board of trustees amended its bylaws in 2016 to reduce the number of board meetings per year from 4 meetings to 1 annual meeting.”
Form 990, Part VI, Section B, Line 11B
“A complete copy of the form 990 was presented to the board of trustees for their review prior to filing.”
Form 990, Part VI, Section B, Line 12C
“Each foundation trustee and officer is obligated to the foundation and to his or her fellow trustees and officers to inform them of any position he or she holds, and of any business activity which may result in a possible conflict of interest or bias for or against a particular action or policy, at the time such action or policy is under consideration by the board. In the course of the foundation meetings or activities, each person discloses any direct or indirect interest in a transaction or decision that potentially could be a conflict of interest; e.g. Whenever the family, employer, or close associates of the person will receive a benefit or gain, or an opportunity or potential for benefit arises, or an opportunity for unfair influence arises, or an opportunity for detriment or harm to the foundation or for benefit or gain to a third party at the expense of the foundation arises. Foundation trustees and officers err on the side of prudence, and declare an actual or potential confilict if in doubt as to a relationship or interest.”
Form 990, Part VI, Section B, Line 15
“The audit, finance, and investment committee has reviewed the compensation comparability data for the president/ceo and the director of accounting. The committee reported its findings and recommendations to the board of trustees. The board of trustees approved the recommendation. Substantiation of the deliberation and decision, including the process and data used, were documented in writing and is maintained in the contract file.”
Form 990, Part VI, Section C, Line 18
“The foundation makes its form 990 available through guidestar and upon request, and its form 1023 available upon request.”
Form 990, Part VI, Section C, Line 19
“The foundation's conflict of interest policy and financial statements are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Pennington Medical Foundation
- EIN
- 72-0883155
- Phone
- 2257632511
- Address
- 6400 PERKINS ROAD, BATON ROUGE, LA 70808
Signing Officer
- Name
- William L Silvia Jr
- Title
- President & CEO
- Phone
- 2257632511
- Signed
- 2017-11-07
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- William L Silvia Jr
- Formed
- 1980
- Legal Domicile
- La
- Voting Board Members
- 12
- Independent Board Members
- 10
- Employees
- 0
- Volunteers
- 13
Preparer
- Firm
- Postlethwaite & Netterville
- Address
- 8550 UNITED PLAZA BLVD SUITE 1001, BATON ROUGE, LA 70809
- Preparer
- Ralph Stephens
- Phone
- 2259224600
Supplemental Narrative
Additional Explanations
Form 990, Part XII, Line 2C
“Explanation: the process has not changed from the prior year.”
Financial Statement Notes
PART V, LINE 4:
“To continue to provide operating support to the foundation and to support the needs of the pennington biomedical research center, a campus of the louisiana state university system.”
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. However, income from certain activities not directly related to the foundation's tax-exempt purpose is subject to taxation as unrelated business income. The foundation has been classified as an organization other than a private foundation. Management has determined that there are no uncertain tax positions that would require recognition in the financial statements. If the foundation were to incur an income tax liability in the future, interest on any income tax liability would be reported as interest expense and penalties on any income tax would be reported as income taxes. Management's conclusions regarding uncertain tax positions may be subject to review and adjustment at a later date based on ongoing anaylsis of tax laws, regulations, and interpretations thereof as well as other factors.”
Raw XML AppendixShowing 400 of 727 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 296539 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 365510 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | EX-OFFICIO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | PRESIDENT/CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR OF ACCOUNTING |
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| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1980 |
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| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
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| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -532346 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GrantAmt | 0 | 35784892 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 38031960 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 38031960 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 290190 |
| IRS990/GrossReceiptsAmt | 0 | 429861 |
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| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
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| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 12928 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 57989 |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 4378 |
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| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 10118717 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 1301096 |
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| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE PENNINGTON MEDICAL FOUNDATION ADMINISTERS THE TRUST ESTABLISHED BY C.B. PENNINGTON AND IRENE W. PENNINGTON, PROVIDES FINANCIAL SUPPORT FOR MEDICAL RESEARCH PROGRAMS OF THE PENNINGTON BIOMEDICAL RESEARCH CENTER, A CAMPUS OF THE BOARD OF SUPERVISORS OF LOUISIANA STATE UNIVERSITY AGRICULTURAL AND MECHANICAL COLLEGE, BY PROVIDING CAPITAL AND SEED FUNDING, AND SUPPORTS THE DEVELOPMENT AND EXPANSION OF THE CENTER AND ITS PROGRAMS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1295284 |
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| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -532346 |
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| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 270 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 270 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 18536230 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 11273 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | PBRC MAINTENANCE RESERV |
| IRS990/OtherExpensesGrp/Desc | 1 | PBRC PROJECTS |
| IRS990/OtherExpensesGrp/Desc | 2 | MD SALARY SUPPLEMENTS |
| IRS990/OtherExpensesGrp/Desc | 3 | CONTRACTS AND SUPPLEMEN |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 17985 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 167339 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 147769 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 115000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 36515 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 167339 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 147769 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 115000 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 54500 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 437105 |
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| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
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| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 43477 |
| IRS990/OtherRevenueTotalAmt | 0 | 43477 |
| IRS990/PartialLiquidationInd | 0 | 1 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 60336 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 8237 |
| IRS990/PrincipalOfficerNm | 0 | WILLIAM L SILVIA JR |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | DONATION OF VENTURE CAPITAL FUNDS TO BOARD OF SUPERVISORS OF LOUISIANA STATE UNIVERSITY AND AGRICULTURAL AND MECHANICAL COLLEGE, TO BE PLACED IN A PERMANENT ENDOWMENT FOR THE BENEFIT OF THE PENNINGTON BIOMEDICAL RESEARCH CENTER. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 2247068 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 2247068 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | FACULTY RESEARCH SUPPORT, MD SALARY SUPPLEMENTS, REPAIRS TO RESEARCH FACILITIES, AND OTHER PROGRAMMATIC AND OPERATING SUPPORT NEEDS OF THE PENNINGTON BIOMEDICAL RESEARCH CENTER. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 453249 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | EXPENDITURES SUPPORTING VARIOUS RESEARCH AND FACULTY PROJECTS FOR THE PENNINGTON BIOMEDICAL RESEARCH CENTER. |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 997511 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 5000 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 5000 |
| IRS990/PYInvestmentIncomeAmt | 0 | -582899 |
| IRS990/PYOtherExpensesAmt | 0 | 2969208 |
| IRS990/PYOtherRevenueAmt | 0 | 148601 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -3403506 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 2974208 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | -429298 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -40023483 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 49413 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/ExclusionAmt | 0 | 42403 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 42403 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd | 0 | X |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd | 0 | X |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd | 0 | 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | PENNINGTON MEDICAL FOUNDATION ("SUPPORTING ORGANIZATION") SUPPORTS LOUISIANA STATE UNIVERSITY AND AGRICULTURAL AND MECHANICAL COLLEGE, REPRESENTED BY PENNINGTON BIOMEDICAL RESEARCH CENTER ("SUPPORTED ORGANIZATION") WHICH IS A 501C3 PUBLIC CHARITY AND STATE UNIVERSITY (TAX I.D.# 72-6000848). |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | VARIOUS OFFICERS OF THE SUPPORTED ORGANIZATION SERVE AS SOME OF THE VOTING MEMBERS OF THE BOARD OF TRUSTEES OF THE SUPPORTING ORGANIZATION. THESE INDIVIDUALS, ALONG WITH OTHER VOTING TRUSTEES, SET AND APPROVE INVESTMENT POLICIES AND MAKE DECISIONS REGARDING THE TIMING AND AMOUNT OF SUPPORT/GRANTS TO THE SUPPORTED ORGANIZATION. TRUSTEES ALSO APPROVE THE ANNUAL BUDGET OF THE SUPPORTING ORGANIZATION. FURTHER THERE IS AN AFFILIATION AGREEMENT IN PLACE BETWEEN THE SUPPORTING ORGANIZATION AND SUPPORTED ORGANIZATION. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 2 | SUPPORTING ORGANIZATION SUPPORTS THE SUPPORTED ORGANIZATION, WHICH IS A GOVERNMENTAL ENTITY TO WHICH THE SUPPORTING ORGANIZATION IS RESPONSIVE. THE SUPPORTING ORGANIZATION PROVIDED SUPPORT TO THE SUPPORTED ORGANIZATION IN 2016 THROUGH PHYSICIAN SALARY SUPPLEMENTS, PROGRAM RELATED RESEARCH SUPPORT FOR FACULTY, REPAIRS TO RESEARCH FACILITIES, AND OTHER OPERATING NEEDS OF THE SUPPORTED ORGANIZATION. FURTHER, THE SUPPORTING ORGANIZATION DONATED TITLE TO THE BASIC SCIENCE BUILDING AND POPULATION SCIENCE BUILDING (EXEMPT-USE ASSETS), AND VARIOUS EQUIPMENT AND FURNITURE CONTENTS, WHICH THE SUPPORTED ORGANIZATION TOTALLY OCCUPIES AND UTILIZES IN ORDER TO CARRY OUT ITS EXEMPT RESEARCH MISSION AND PURPOSE. FINALLY, THE SUPPORTING ORGANIZATION DONATED ITS INTEREST IN VARIOUS CAPITAL INVESTMENTS TO THE SUPPORTED ORGANIZATION FOR ITS FURTURE USE. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 3 | THE SUPPORTED ORGANIZATION IS LOUISIANA STATE UNIVERSITY/PENNINGTON BIOMEDICAL RESEARCH CENTER. SUBSTANTIALLY ALL OF THE SUPPORTING ORGANIZATION'S ACTIVITIES, EXPENDITURES, AND SUPPORT IS PROVIDED TO, OR ON BEHALF OF, THIS SUPPORTED ORGANIZATION, INCLUDING THE HOLDING AND TRANSFER OF TITLE TO EXEMPT-USE ASSETS (BASIC SCIENCE BUILDING AND POPULATION SCIENCE BUILDING), AND THE PROVIDING OF DIRECT PROGRAMMATIC RESEARCH SUPPORT, WHICH WAS PROVIDED BY THE SUPPORTING ORGANIZATION IN DIRECT RESPONSE TO REQUESTS FROM THE SUPPORTED ORGANIZATION. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 4 | HAD THE SUPPORTING ORGANIZATION NOT PROVIDED THE USE OF ITS EXEMPT-USE ASSETS (BASIC SCIENCE BUILDING AND POPULATION SCIENCE BUILDING) AND THE VITAL FUNDING FOR PROGRAMMATIC RESEARCH SUPPORT TO THE SUPPORTED ORGANIZATION, THE SUPPORTED ORGANIZATION WOULD HAVE TO ENGAGE IN THOSE ACTIVITIES ITSELF IN FURTHERING ITS EXEMPT MISSION. SINCE INCEPTION, THE SUPPORTING ORGANIZATION HAS PROVIDED APPROXIMATELY 589,000 SQUARE FEET OF FACILITIES AND OTHER INFRASTRUCTURE TO THE SUPPORTED ORGANIZATION, WHICH CONSTITUTES NEARLY 80% OF THE TOTAL RESEARCH AND ADMINISTRATIVE FACILITIES ON ITS CAMPUS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART IV, SECTION A, LINE 2 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | SCHEDULE A, PART IV, SECTION D, LINE 3 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 2 | SCHEDULE A, PART IV, SECTION E, LINE 1C |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 3 | SCHEDULE A, PART IV, SECTION E, LINE 2A |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 4 | SCHEDULE A, PART IV, SECTION E, LINE 2B |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 439965 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 726000848 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 6 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 439965 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 39042755 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | LSUPENNINGTON BIOMEDICAL RESEARCH CENTER |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType3FuncIntInd | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 39042755 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleC/DirectContactLegislatorsAmt | 0 | 25747 |
| IRS990ScheduleC/DirectContactLegislatorsInd | 0 | 1 |
| IRS990ScheduleC/GrantsOtherOrganizationsInd | 0 | 0 |
| IRS990ScheduleC/MailingsMembersInd | 0 | 0 |
| IRS990ScheduleC/MediaAdvertisementsInd | 0 | 0 |
| IRS990ScheduleC/NotDescribedSection501c3Ind | 0 | 0 |
| IRS990ScheduleC/OtherActivitiesInd | 0 | 0 |
| IRS990ScheduleC/PaidStaffOrManagementInd | 0 | 0 |
| IRS990ScheduleC/PublicationsOrBroadcastInd | 0 | 0 |
| IRS990ScheduleC/RalliesDemonstrationsInd | 0 | 0 |
| IRS990ScheduleC/TotalLobbyingExpendituresAmt | 0 | 25747 |
| IRS990ScheduleC/VolunteersInd | 0 | 0 |
| IRS990ScheduleD/BoardDesignatedBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 148088 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 41391493 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 92890 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 1295284 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -558291 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | 39482720 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 317760 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 45918693 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 103660 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 41391493 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -1656652 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 2656448 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 360690 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 48590790 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 98854 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 45918693 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,322,509
- Liabilities
- $27,225
- Net assets
- $1,295,284
- Revenue
- -$392,675
- Expenses
- $39,630,808
- Net income
- -$40,023,483