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Pennington Biomedical Research Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581767810 ✦ Baton rouge, LA ✦ Designated as a 501(c)(3)

Overview

What is Pennington Biomedical Research Foundation?

The Pennington Biomedical Research Foundation is a nonprofit organization situated in Baton Rouge, Louisiana. Its primary mission is to support the work of LSU's Pennington Biomedical Research Center, aiming to uncover the causes of chronic diseases through groundbreaking research. This research endeavor is funded annually by the foundation, which offers endowed chairs, professorships, and postdoctoral fellowships. These endowments cover faculty supplements, research equipment, supplies, travel, and other essential research expenses. The foundation, with a team of 16 employees, is committed to improving human health through innovative research at the Pennington Biomedical Research Center.


Official website here: www.pbrf.org

Is Pennington Biomedical Research Foundation legitimate?

Pennington Biomedical Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennington Biomedical Research Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $326,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,285,326

For more financial information, click here


Official website here: www.pbrf.org

What is the mission statement of Pennington Biomedical Research Foundation?

The Pennington Biomedical Research Foundation supports the work of LSU's Pennington Biomedical Research Center. The center's mission is to uncover the triggers of chronic diseases through innovative research, ultimately improving human health. The foundation provides annual funding for endowed chairs, professorships, and postdoctoral fellowships at the research center. This funding aids faculty, covers research expenses, and supplies necessary resources for the center's operations. The foundation currently maintains several endowed positions, including chairs, professorships, and fellowships, contributing to the center's research endeavors.


Official website here: www.pbrf.org

Who is the CEO of Pennington Biomedical Research Foundation?

Rebecca F Schutte is the Ex-Officio of Pennington Biomedical Research Foundation. The CEO's salary of Pennington Biomedical Research Foundation is $185,068 and their total compensation is $199,136.


Official website here: www.pbrf.org

What is the revenue of Pennington Biomedical Research Foundation?

Pennington Biomedical Research Foundation's revenue in 2022 was $5,462,788.


Official website here: www.pbrf.org

Who are the executives of Pennington Biomedical Research Foundation and what are their salaries?

The average compensation at Pennington Biomedical Research Foundation during 2022 was $100,708. There are 16 employees and 50 volunteers at Pennington Biomedical Research Foundation.

Here are 30 key members and their salaries (Pennington Biomedical Research Foundation's CEO's salary is $185,068 and their total compensation is $199,136):

    Rebecca Schutte (President/Ceo)
  • Compensation: $185,068
  • Related: $0
  • Other: $14,068

    • Andre Greene (Cfo)
  • Compensation: $134,911
  • Related: $0
  • Other: $7,385

    • Adam Knapp (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Wilkinson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Annette D Barton (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arthur E Favre (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • C Brent Mccoy (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • C Kris Kirkpatrick (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles W Lamar (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Haskew (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christel C Slaughter Phd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Claude B Pennington (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daryl B Pennington (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fran Harvey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George D Nelson Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Gerard Jerry Jolly (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Js Si Brown Iii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jake L Netterville (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janet L Olson (Immediate Past Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Kirwan Phd (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Spain (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Williams Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marvin Borgmeyer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Werner (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maxine Cormier (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Monica Zumo (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paula P De La Bretonne (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Weston Broome (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Veneeth Iyengar (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Tate Iv (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pbrf.org

    Where can I find the form 990 for Pennington Biomedical Research Foundation?

    The Pennington Biomedical Research Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.pbrf.org

    Learn more at the official website: www.pbrf.org

    Mission Statement of Pennington Biomedical Research Foundation

    The Pennington Biomedical Research Foundation's mission is centered around supporting the work of LSU's Pennington Biomedical Research Center. This research center is dedicated to uncovering the root causes of chronic diseases through innovative and pioneering research that ultimately improves human health. The Foundation plays a crucial role in this endeavor by providing annual funding for various research-related expenses. This funding extends to endowed chairs, professorships, and postdoctoral fellowships, which in turn support faculty supplements, research equipment, supplies, travel, and other essential research costs. As of now, the Foundation maintains nine endowed chairs, six endowed professorships, and two endowed postdoctoral fellowships, thereby bolstering the research capabilities and advancements at the Pennington Biomedical Research Center.

    Impact

    This information is meant to be a general summary of Pennington Biomedical Research Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Pennington Biomedical Research Foundation's impact lies in supporting LSU's Pennington Biomedical Research Center, which focuses on discovering the triggers of chronic diseases through innovative research to improve human health. The foundation provides annual funding for endowed chairs, professorships, and postdoctoral fellowships at the research center. This financial support helps in various areas such as faculty supplements, research equipment, supplies, travel expenses, and other vital research costs. The foundation currently maintains 9 endowed chairs, 6 endowed professorships, and 2 endowed postdoctoral fellowships.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,305,616
  • Program Service Revenue: $0
  • Gross Receipts: $11,960,696

    • Assets and Liabilities:
  • Total Assets: $29,937,917
  • Total Liabilities: $7,229,455
  • Net Assets: $22,708,462
  • Organization Details

    Founding Year

    1988

    Principal Officer

    Rebecca F Schutte

    Main Address

    6400 PERKINS ROAD, BATON ROUGE, LA, 70808

    NTEE Category

    Code: H92Z - Medical research

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