Biomedical Research Foundation Of Northwest Louisiana
- Assets
- $106.3m
- Revenue
- $22.4m
- Investments
- $0.0
- Employees
- 82
- Location
- Shreveport, LA
- Founding
- 11/1986
- Data as of
- 09/2021
- EIN
- 58-1711612
Organization Overview
Biomedical Research Foundation Of Northwest Louisiana is located in Shreveport, LA. The organization was established in 1986. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 09/2021, Biomedical Research Foundation Of Northwest Louisiana employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biomedical Research Foundation Of Northwest Louisiana is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Biomedical Research Foundation Of Northwest Louisiana generated $22.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (42.2%) each year. All expenses for the organization totaled $19.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (43.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Biomedical Research Foundation Of Northwest Louisiana has awarded 37 individual grants totaling $1,311,324. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A TEN STORY, 160,000 SQ FT RESEARCH FACILITY HOUSING 56 STATE-OF-THE-ART WET LABS, AN ANIMAL CARE FACILITY, A POSITRON EMISSION TOMOGRAPHY (PET) IMAGING CENTER AND RELATED ADMINISTRATIVE OFFICES. THE 56 WET LABS AND ANIMAL FACILITY ARE LEASED TO LSUHSC-S TO SUPPORT ITS BASIC SCIENCE RESEARCH PROGRAM. THE PET CENTER PROVIDES IMAGING TO SUPPORT PATIENTS OF LSUHSC-S AND THE REGIONAL MEDICAL COMMUNITY AS WELL AS SUPPORT FOR THE ANIMAL IMAGING PROGRAM AT LSUHSC-S. THE RESEARCH FACILITY PROVIDED ESSENTIAL RESEARCH SPACE NEEDED TO SUPPORT THE ACQUISITION OF LSUHSC-S EXTRAMURAL FUNDING.CONDUCTED ACTIVITIES RELATED TO THE ESTABLISHMENT OF A SCIENCE & TECHNOLOGY BUSINESS PARK INCLUDING SUPPORT FOR SCIENTIFIC ECONOMIC DEVELOPMENT PROJECTS, WORKFORCE DEVELOPMENT AND EDUCATION. PROVIDED FINANCIAL AND PROGRAMMATIC ASSISTANCE TO PROSPECTIVE PARK TENANTS. PROVIDED LAND FOR DEVELOPMENT INCLUDING ENVIRONMENTAL REMEDIATION. MAINTAINED MULTIPLE LEASED PROPERTIES, INCLUDING A 33,000 SQ FT CGMP MANUFACTURING FACILITY AND MULTIPLE INCUBATOR FACILITIES. INTERTECH ACTIVITIES ALSO INCLUDE SUPPORT FOR SIX K-12 AND HIGHER EDUCATION PROGRAMS.
OPERATED A POSITRON EMISSION TOMOGRAPHY IMAGING CENTER AND A RELATED RADIOPHARMACEUTICAL PRODUCTION FACILITY WHICH SERVED 1,439 PATIENTS DURING THE YEAR, OF WHICH 589 WERE FREE OR SUBSTANTIALLY DISCOUNTED FOR INDIGENT PERSONS. THE CENTER ALSO WORKED WITH VARIOUS NATIONAL COMPANIES TO SUPPORT CLINICAL AND PRE-CLINICAL TRIALS. THE CGMP RADIOPHARMACEUTICAL MANUFACTURING FACILITY IS CAPABLE OF PRODUCING DIFFERENT RADIOPHARMACEUTICALS AND PROVIDES RADIOPHARMACEUTICALS TO OTHER SCANNERS IN THE REGION.
THE DIGITAL MEDIA INSTITUTE (DMI) IS AN ACCREDITED HIGHER EDUCATIONALINSTITUTION FOCUSED ON DEGREE AND CERTIFICATE PROGRAMS IN THE DIGITALARTS. DMI OFFERS PROGRAMS IN ANIMATION AND DIGITAL EFFECTS, INTERACTIVESOFTWARE DEVELOPMENT, AND ADVERTISING DESIGN. STUDENTS AT DMI COME FROMA WIDE RANGE OF BACKGROUNDS AND FINANCIAL NEEDS. DMI PROVIDES ANDCOORDINATES WITH GRANT MAKING ORGANIZATIONS TO FUND SOME NEED BASEDSCHOLARSHIPS TO STUDENTS WHO MEET ADMISSIONS REQUIREMENTS BUT MAY NEEDADDITIONAL FINANCIAL ASSISTANCE. DMI ALSO PROVIDES SUMMER CAMPOPPORTUNITIES TO STUDENTS IN MIDDLE SCHOOL AND HIGH SCHOOL TO PROMOTEKNOWLEDGE AND INTEREST IN THE DIGITAL ART SPACE.
EDVENTURES SUPPORTS STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS) EDUCATION AND TECHNOLOGY-BASED WORKFORCE DEVELOPMENT INITIATIVES THROUGH A VARIETY OF PROGRAMS SERVING STUDENT SIN NORTHWEST LOUISIANA. PROGRAMS INCLUDE THE BOBBIE CATES HICKS SCIENCE AND MEDICINE ACADEMIC RESEARCH TRAINING PROGRAM, BIOTECH MAGNET ACADEMY, BIOSTART SENIOR RESEARCH LABORATORY INTERNSHIPS, COLLEGE NAVIGATOR, AND FIRST ROBOTICS PROGRAMS. EDVENTURES WORKS WITH MULTIPLE REGIONAL PARTNERS INCLUDING CADDO PARISH SCHOOLS, BOSSIER PARISH SCHOOLS, DESOTO PARISH SCHOOLS, AND LSU HEALTH SCIENCES CENTER IN SHREVEPORT TO PROVIDE THESE PROGRAMS. EXPENSES: $67,493 (INCLUDING GRANTS TO OTHERS OF $--), REVENUE: $48,886 SHREVEPORT NEXT PROACTIVELY RECRUITS SMALL TO MID-SIZED BUSINESSES TO RELOCATE TO OR BUILD FACILITIES IN NORTHWEST LOUISIANA, PROMOTING OUR REGION'S ACCESS, AFFORDABILITY, AND OPPORTUNITY FOR BUSINESSES TO CREATE WELL-PAYING, SUSTAINABLE JOBS FOR OUR COMMUNITY. EXPENSES: 515,653 (INCLUDING GRANTS TO OTHERS OF $--), REVENUE: $16,666
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John George President/ceo | OfficerTrustee | 43 | $653,405 |
James Dean Executive VP And COO | Officer | 49 | $487,422 |
Pradeep Garg Executive Director | Officer | 41 | $471,657 |
David Smith Executive Director | Officer | 42 | $267,543 |
Sudha Garg Director Of Radiopharmaceuticals | Officer | 39 | $262,481 |
Melodie Armstrong Medical Doctor | Officer | 42 | $201,387 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Somdal Associates Architectrural Design Serv. | 9/29/21 | $464,391 |
Integrity Inc Equipment And Buiding Repairs | 9/29/21 | $331,440 |
Skrivanos Engineering Inc Consulting | 9/29/21 | $260,000 |
Red River Sanitors Housekeeping Service | 9/29/21 | $282,184 |
Mcinnis Brothers Construction Of Building | 9/29/21 | $2,012,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $665,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,819,521 |
| Noncash contributions included in lines 1a–1f | $140,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,485,483 |
| Total Program Service Revenue | $18,745,251 |
| Investment income | $871,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,424 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,378,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,405 |
| Grants and other assistance to domestic individuals. | $289,593 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,816,349 |
| Compensation of current officers, directors, key employees. | $1,286,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,657,551 |
| Pension plan accruals and contributions | $273,896 |
| Other employee benefits | $527,099 |
| Payroll taxes | $388,742 |
| Fees for services: Management | $204,451 |
| Fees for services: Legal | $113,196 |
| Fees for services: Accounting | $88,510 |
| Fees for services: Lobbying | $16,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,691,289 |
| Advertising and promotion | $422,475 |
| Office expenses | $236,180 |
| Information technology | $585,001 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $104,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,761 |
| Interest | $240,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,456,589 |
| Insurance | $390,936 |
| All other expenses | $24,766 |
| Total functional expenses | $19,630,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,429,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,665,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,836 |
| Prepaid expenses and deferred charges | $97,747 |
| Net Land, buildings, and equipment | $43,698,574 |
| Investments—publicly traded securities | $17,201,574 |
| Investments—other securities | $0 |
| Investments—program-related | $2,606,589 |
| Intangible assets | $9,495,178 |
| Other assets | $0 |
| Total assets | $106,267,796 |
| Accounts payable and accrued expenses | $1,762,903 |
| Grants payable | $0 |
| Deferred revenue | $1,549,051 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,782,714 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,057,460 |
| Total liabilities | $15,152,128 |
| Net assets without donor restrictions | $87,590,148 |
| Net assets with donor restrictions | $3,525,520 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $106,267,796 |
Grants Awarded
Over the last fiscal year, Biomedical Research Foundation Of Northwest Louisiana has awarded $147,013 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LSU HEALTH SCIENCE FOUNDATION PURPOSE: SPONSORSHIP | $32,653 |
LSU HEALTH SCIENCE FOUNDATION PURPOSE: SPONSORSHIP - SMART | $30,360 |
Shreveport, LA PURPOSE: SPONSORSHIP - STARTUP PRIZE | $25,000 |
LSU HEALTH SCIENCE FOUNDATION PURPOSE: SPONSHORSHIP - AN EVENING OF HEALERS | $25,000 |
LSU HEALTH SCIENCE FOUNDATION PURPOSE: SPONSORSHIP - DEPARTMENT OF PHARMACOLOGY | $15,000 |
LSU HEALTH SCIENCE FOUNDATION PURPOSE: SPONSORSHIP - NEW IDEA | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Biomedical Research Foundation Of Northwest Louisiana has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Nelson Foundation Shreveport, LA PURPOSE: TO PROMOTE SCIENTIFIC INVESTIGATIONS AND TECHNOLOGY DEVELOPMENT | $100 |
Endowment Analysis
| Beg. Balance | $1,720,623 |
| Net Contributions | $999,750 |
| Ending Balance | $2,720,373 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Biomedical Research Foundation Of Northwest Louisiana Shreveport, LA | $106,267,796 | $22,378,350 |
Pennington Biomedical Research Foundation Baton Rouge, LA | $26,941,603 | $5,388,620 |
Biomedical Research Foundation Medical Research 151 Little Rock, AR | $1,354,663 | $1,760,299 |
Biomedical Research Foundation Houston, TX | $279,298 | $7,631 |
International Foundation For Biomedical Aging Research Temple, TX | $532 | $280 |