2023-11-13T13:54:15-06:00 2022-12-31 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2022-01-01 203270502 STOWERS POLICY INSTITUTE INC % KATY GRAHAM STOW 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 RICHARD W BROWN PRESIDENT 8169264000 2023-11-15 true RICHARD W BROWN 999009999 April Arnold P01559426 8162216300 2023-11-15 3 2022 2023-04-26 12:10:37Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 2844720 false X N/A X 2005 DE STOWERS POLICY INSTITUTE INC.'S ("SPI") EXEMPT PURPOSE IS TO PROMOTE INNOVATIVE AND ETHICAL BIOMEDICAL RESEARCH, THERAPIES, AND CURES (SEE SCHEDULE O FOR CONTINUATION) 4 1 0 1 0 0 356143 0 0 0 2744687 2391707 0 0 3100830 2391707 400000 400000 0 0 0 0 0 0 0 9396 82675 409396 482675 2691434 1909032 30537171 25063110 0 3250 30537171 25059860 X SEE SCHEDULE O false false 400000 400000 0 FINANCIAL SUPPORT - TO FURTHER SPI'S EXEMPT PURPOSE, SPI PROVIDED FINANCIAL SUPPORT TO OTHER 501(C)(4) TAX-EXEMPT ORGANIZATIONS THAT WERE ENGAGED IN ACTIVITIES DESCRIBED IN SPI'S PRIMARY EXEMPT PURPOSE. SPI PROVIDED THIS SUPPORT TO FACILITATE THESE ORGANIZATIONS' ABILITY TO PROMOTE INNOVATIVE AND ETHICAL BIOMEDICAL RESEARCH, THERAPIES AND CURES, AND TO ADVOCATE FOR A POLITICAL, ECONOMIC, AND SOCIAL ENVIRONMENT THAT ADVANCES, FACILITATES AND PROTECTS THAT RESEARCH. 400000 false false false false false false false false false false false false false true false true false false false false false false false false false false true false true false false false false false false false false false false false false false true false false true 3 0 true 0 false false false false false false false false X 4 1 true false false false false false false true true false false true true true true true true false false false X KATY GRAHAM 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 X RICHARD W BROWN DIRECTOR/PRESIDENT 1.0 48.0 X X 0 2813862 66899 CHARLES GERMAN DIRECTOR/SECRETARY 1.0 48.0 X X 0 1059057 67050 PENNY M SPENCE DIR. AS OF 1/1/22/CFO/TREAS. 1.0 50.0 X X 0 537787 62246 DAVID A WELTE DIRECTOR 1.0 8.0 X 0 0 0 0 4410706 196195 0 false true false AMERICAN CENTURY INVESTMENTS 4500 MAIN STREET KANSAS CITY MO 64110 INDIRECT - SEE SCH O 240000 1 0 0 642581 642581 0 0 0 0 0 2202139 453013 1749126 1749126 1749126 0 0 0 0 0 0 0 0 0 0 2391707 0 2391707 400000 400000 0 0 0 0 0 0 0 0 0 0 32194 32194 50481 50481 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 482675 400000 82675 0 43296 23930 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4250 0 0 30120870 24785154 373005 249776 0 0 0 0 0 0 30537171 25063110 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3250 0 3250 X 30537171 25059860 0 0 30537171 25059860 30537171 25063110 1909032 -7386343 X false true X true false 0 ADVANCES FROM AFFILIATES 3250 3250 -4994636 -7386343 -7386343 2391707 2391707 482675 482675 482675 SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true MISSOURI COALITION FOR LIFESAVING CURES INC PO BOX 16580 ST LOUIS MO 63105 203211862 501(C)(4) 400000 SEE PART IV 1 SCHEDULE I, PART I, LINE 2 SPI GIVES GRANTS TO OTHER 501(C)(4) ORGANIZATIONS THAT SHARE SPI'S PRIMARY EXEMPT PURPOSE DESCRIBED IN FORM 990, PART III, LINE 1. SPI RECEIVES REGULAR REPORTS FROM ITS GRANT RECIPIENTS THAT DETAIL HOW FUNDS WERE SPENT TO CONFIRM THEY WERE APPROPRIATE FOR THE PURPOSE OF THE GRANT. THESE REPORTS ARE REVIEWED BY SENIOR MANAGEMENT. SCHEDULE I, PART II, LINE (1), COLUMN (H) FINANCIAL SUPPORT TO EXEMPT ORGANIZATION, MISSOURI COALITION FOR LIFESAVING CURES, THAT IS ACTIVELY ENGAGED IN SIMILAR ACTIVITIES AS DESCRIBED IN SPI'S EXEMPT PURPOSE. false false false false false false false false false RICHARD W BROWN DIRECTOR/PRESIDENT 0 2771091 0 0 0 42771 0 45750 0 21149 0 2880761 0 0 CHARLES GERMAN DIRECTOR/SECRETARY 0 1040079 0 0 0 18978 0 45750 0 21300 0 1126107 0 0 PENNY M SPENCE DIR. AS OF 1/1/22/CFO/TREAS. 0 537007 0 0 0 780 0 45750 0 16496 0 600033 0 0 SCHEDULE J, PART I, LINE 3 RICHARD W. BROWN RECEIVED COMPENSATION FROM STOWERS RESOURCE MANAGEMENT INC. ("SRM") IN HIS FULL TIME ROLE AS PRESIDENT OF SRM. PENNY M. SPENCE RECEIVED COMPENSATION FROM SRM IN HER FULL-TIME ROLE AS EXECUTIVE VICE-PRESIDENT AND CFO OF SRM. CHARLES GERMAN RECEIVED COMPENSATION FROM SRM IN HIS FULL-TIME ROLE AS EXECUTIVE VICE-PRESIDENT AND GENERAL COUNSEL OF SRM. SRM FOLLOWS THE PROCEDURES OF THE REBUTTABLE PRESUMPTION TO ESTABLISH THEIR COMPENSATION INCLUDING RETAINING THE SERVICES OF AN INDEPENDENT NATIONALLY KNOWN COMPENSATION CONSULTANT AND USING COMPENSATION COMMITTEES. FORM 990, PART I, LINE 1 BY ADVOCATING FOR AN ENVIRONMENT THAT ADVANCES, FACILITATES, AND PROTECTS THOSE ACTIVITIES. FORM 990, PART III, LINE 1 THE STOWERS POLICY INSTITUTE INC. ("SPI") OPERATES EXCLUSIVELY FOR THE PROMOTION OF PHILANTHROPIC SOCIAL WELFARE WITHIN THE MEANING OF CODE SECTION 501(C)(4). ITS EXEMPT PURPOSE IS TO PROMOTE INNOVATIVE AND ETHICAL BIOMEDICAL RESEARCH, THERAPIES AND CURES, AND TO ADVOCATE FOR A POLITICAL, ECONOMIC, AND SOCIAL ENVIRONMENT THAT ADVANCES, FACILITATES, AND PROTECTS THAT RESEARCH AND THOSE THERAPIES AND CURES. SPI ACTIVITIES TO FURTHER ITS MISSION COULD INCLUDE PUBLIC EDUCATION, LEGISLATIVE ADVOCACY, AND POLITICAL CAMPAIGNING; AS LONG AS SUCH ACTIVITY IS NOT SPI'S PRIMARY ACTIVITY. FORM 990, PART VI, SECTION A, LINE 2 DAVID A. WELTE, CHARLES GERMAN, AND RICHARD W. BROWN, DIRECTORS OF SPI, HAVE A BUSINESS RELATIONSHIP. PENNY M. SPENCE, CHARLES GERMAN, AND RICHARD W. BROWN, DIRECTORS OF SPI, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE DATA AND INFORMATION NECESSARY TO PREPARE SPI'S FORM 990 IS COMPILED BY THE ORGANIZATION'S ACCOUNTING SUPPORT TEAM AND REVIEWED BY THE INSTITUTE'S TAX ATTORNEY AT BRYAN CAVE LEIGHTON PAISNER, LLP. FORVIS, LLP, THE INSTITUTE'S EXTERNAL TAX PREPARER, USES THIS INFORMATION TO PREPARE THE FORM 990. THE COMPLETED FORM 990, INCLUDING REQUIRED SCHEDULES, IS REVIEWED BY THE DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SPI HAS ADOPTED A "CONFLICTS OF INTEREST AND DIRECTOR INDEPENDENCE POLICY." EACH DIRECTOR, OFFICER, AND OTHER PERSON WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER DECISIONS OF SPI ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A DISCLOSURE STATEMENT THAT IS PART OF THE POLICY. A COVERED PERSON MUST ALSO DISCLOSE THE EXISTENCE OF A POTENTIAL CONFLICT AND ALL MATERIAL FACTS TO THE GOVERNING BOARD AS SOON AS THE PERSON HAS KNOWLEDGE THAT A POTENTIAL CONFLICT MIGHT EXIST. PER THE POLICY, THE BOARD OF DIRECTORS OR GOVERNANCE COMMITTEE THEN REVIEWS THE DISCLOSURE TO DETERMINE WHETHER A CONFLICT EXISTS. AFTER THE COVERED PERSON MAKES THE RELEVANT DISCLOSURE, THEY ARE RECUSED AND MAY NOT PARTICIPATE IN THE DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. SPI ALSO CONDUCTS PERIODIC AND ADHOC REVIEWS OF TRANSACTIONS AND AGREEMENTS TO ENSURE THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT ARE NOT CONSISTENT WITH ITS TAX-EXEMPT PURPOSE. FORM 990, PART VI, LINE 15A AND 15B SPI'S OFFICERS AND DIRECTORS ARE COMPENSATED BY A RELATED ORGANIZATION, STOWERS RESOURCE MANAGEMENT, INC. ("SRM") FOR THE SERVICES PERFORMED IN THEIR OFFICIAL CAPACITY FOR SRM. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION B, LINE 1 SPI RECEIVES INVESTMENT MANAGEMENT SERVICES FROM AMERICAN CENTURY INVESTMENTS ("ACI"). ACI IS A WHOLLY OWNED SUBSIDIARY OF AMERICAN CENTURY COMPANIES, INC. ("ACCI"). IN SELECTING ACI TO MANAGE ITS LIQUID INVESTMENTS, SPI NOT ONLY SELECTED A HIGH QUALITY MUTUAL FUND COMPANY WITH AN OUTSTANDING TRACK RECORD, BUT ALSO PLACED ITS LIQUID INVESTMENTS IN A COMPANY IN WHICH IT OWNS STOCK AND RECEIVES DIVIDENDS. SPI PAYS ACI THE SAME ADMINISTRATIVE FEE FOR THESE SERVICES AS ANY ARMS-LENGTH INVESTOR. STOWERS SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(C)(3) 12A, I SIMR false STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 202993509 MED RESEARCH DE 501(C)(3) 4 NA false STOWERS RESOURCE MANAGEMENT 1000 EAST 50TH STREET KANSAS CITY MO 64110 412186719 SUPPORT ORG DE 501(C)(3) 12A, I SIMR false BIOMED VALLEY CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 743238244 SUPPORT ORG DE 501(C)(3) 12A, I SIMR false THE GRADUATE SCHOOL OF SIMR 1000 EAST 50TH STREET KANSAS CITY MO 64110 464588696 EDUCATION MO 501(C)(3) 2 SIMR false STOWERS INVESTMENT HOLDING CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 920365628 TITLE HOLDING DE 501(C)(2) N/A SRMSPI false STOWERS REAL ESTATE HOLDING CORPORATION 1000 EAST 5OTH STREET KANSAS CITY MO 64110 261472230 TITLE HOLDING DE 501(C)(2) N/A SRM false BIOMED VALLEY DISCOVERIES INC 4435 MAIN ST SUITE 550 KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C CORP false false false false false false false false false false false false false false true true true false false false SCHEDULE R, PART IV, LINE (1), COLUMN (B) BIOMED VALLEY DISCOVERIES, INC.'S ("BVD") PRIMARY ACTIVITY IS SCIENTIFIC DISCOVERIES DEVELOPMENT AND MARKETING OF SCIENTIFIC DISCOVERIES. BIOMED VALLEY CORPORATION ("BVC") IS 100% OWNER OF BVD'S STOCK.