Cmit Louisiana Llc
- Assets
- $18.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- Data as of
- 09/2023
- EIN
- 87-1090202
Organization Overview
Cmit Louisiana Llc is located in Shreveport, LA. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cmit Louisiana Llc 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 09/2023, Cmit Louisiana Llc generated $3.6m in total revenue. All expenses for the organization totaled $5.3m during the year ending 09/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CMIT LOUISIANA, LLC PROVIDES MOLECULAR IMAGING SERVICES, INCLUDING TO LOW-INCOME INDIVIDUALS AT LOW OR NO COST, RADIOPHARMCEUTICAL MANUFACTURING SERVICES, AND SUPPORTS ONGOING CLINICAL AND TRANSLATIONAL RESEARCH IN THE AREA OF MOLECULAR IMAGING. IN DOING SO IT WILL SUPPORT THE MISSION OF ITS SOLE MEMBER, BRF, LLC, WHOSE SOLE MEMBER IS THE BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA, AN ORGANIZATION EXEMPT UNDER SECTION 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
CMIT LOUISIANA, LLC PROVIDES MOLECULAR IMAGING SERVICES, INCLUDING TO LOW-INCOME INDIVIDUALS AT LOW OR NO COST, AND SUPPORT ONGOING CLINICAL RESEARCH IN THE AREA OF MOLECULAR IMAGING. IN DOING SO IT WILL SUPPORT THE MISSION OF ITS SOLE MEMBER, BRF, LLC, WHOSE SOLE MEMBER IS BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA (BRFNL), AN ORGANIZATION EXEMPT UNDER SECTION 501(C)(3). THE ORGANIZATION HAS OBTAINED FINANCING UNDER THE LOUISIANA STATE NEW MARKETS TAX PROGRAM FOR THE PURCHASE OF EQUIPMENT. BY DOING SO IT WILL FURTHER SUPPORT THE MISSION OF BRF, LLC AND BRFNL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Thompson Manager | Trustee | 1 | $0 |
Dr Bernard Kimble Manager | Trustee | 1 | $0 |
Miles Hitchcock Manager | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,517,400 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,605,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $379,597 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,280,741 |
| Advertising and promotion | $3,775 |
| Office expenses | $83,131 |
| Information technology | $38,032 |
| Royalties | $0 |
| Occupancy | $9,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,152 |
| Interest | $428,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $694,535 |
| Insurance | $133,135 |
| All other expenses | $0 |
| Total functional expenses | $5,276,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $669,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $541,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,975 |
| Net Land, buildings, and equipment | $17,333,196 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,584,401 |
| Accounts payable and accrued expenses | $294,418 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,049,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,484,875 |
| Total liabilities | $14,828,947 |
| Net assets without donor restrictions | $3,715,368 |
| Net assets with donor restrictions | $40,086 |
| 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 | $18,584,401 |