2023-11-03T08:14:32-05:00 2022-12-31 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2022-01-01 412186719 STOWERS RESOURCE MANAGEMENT INC % KATY GRAHAM STOW 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 RICHARD W BROWN PRESIDENT 8169264852 2023-11-15 true PENNY SPENCE 999009999 April Arnold P01559426 8162216300 2023-11-15 2 2022 2023-04-26 12:10:37Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 253699364 false X WWW.STOWERS.ORG X 2005 DE STOWERS RESOURCE MANAGEMENT ("SRM") SUPPORTS THE ACTIVITIES OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") WHICH CONDUCTS BASIC CELL (CONTINUED ON SCHEDULE O) 16 11 175 11 0 3639423 1327509 31491121 34479093 179329489 109843532 30853 30362 214490886 145680496 141000000 43020500 0 0 22287894 23207359 0 0 449277 22073565 24007190 185361459 90235049 29129427 55445447 2385097265 1809838380 297948767 298067990 2087148498 1511770390 X SEE SCHEDULE O false false 43000000 43000000 0 FINANCIAL SUPPORT - SRM MONITORS THE FINANCIAL NEEDS OF SIMR SO SIMR CAN CONDUCT ITS MEDICAL RESEARCH IN THE PUBLIC INTEREST AND MAKES CONTRIBUTIONS TO SIMR TO SUPPORT ITS MEDICAL RESEARCH ACTIVITIES. THE CONTRIBUTIONS ARE MADE AS DETERMINED BY SRM'S BOARD OF DIRECTORS AFTER REVIEW OF FINANCIAL INFORMATION, BUDGETS, STRATEGIES AND OTHER RELEVANT INFORMATION. IN 2022, SRM PROVIDED $43,000,000 TO SIMR, A RELATED 501(C)(3) ORGANIZATION, FOR ENDOWMENT SUPPORT. 34479093 0 34479093 MANAGEMENT, ADMINISTRATIVE AND OPERATION SUPPORT SERVICES - SRM PROVIDES MANAGEMENT SUPPORT TO SIMR THAT INVOLVES ASSISTING IN PLANNING FOR THE STRATEGIC DIRECTION OF SIMR, OPERATIONAL PLANNING, AND THE DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC BUSINESS PLANS AND BUDGETS. SRM ALSO PROVIDES ADDITIONAL ADMINISTRATIVE AND OPERATIONAL SUPPORT SERVICES TO SIMR AND GSSIMR THAT INCLUDES ACCOUNTING, FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, AND OTHER SUPPORT ACTIVITIES, FOR WHICH SRM ALLOCATED COSTS TO SIMR IN THE AMOUNT OF $33,894,765 IN 2022 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O. 5976213 20500 0 MANAGEMENT OF ENDOWMENT - SRM PARTICIPATES IN THE MANAGEMENT OF SIMR AND GSSIMR TO ENSURE THEIR FINANCIAL ABILITY TO CONTINUE IN PERPETUITY. 83455306 true true false false false false false false false true true true false false true true false true false false false false false false false false false true false true true false false false false false false false false false false false false false false false true true true true false true 84 0 true 175 true false false false false false false false false false false true false X 16 11 true false false false true true true true true false false true true true true true true true true false X KATY GRAHAM 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 X RICHARD W BROWN DIR/CHAIR/PRES/CEO 40.0 9.0 X X 2813862 0 66899 CHARLES GERMAN DIRECTOR/EVP/GENERAL COUNSEL 40.0 9.0 X X 1059057 0 67050 BRENT KREIDER COO THRU 3/31/22/DIRECTOR 2.0 42.0 X X 0 712540 72436 JENNIFER H PAWLOSKY COS/VP OF COMMUNICATIONS 40.0 0.0 X 553447 0 75787 PENNY M SPENCE EVP/CFO 40.0 11.0 X 537787 0 62246 GEORGE L SATTERLEE DIR. AS OF 1/1/22 /EVP/HR 40.0 4.0 X X 471260 0 67224 PATRICK MITCHELL JR VP OF HUMAN RESOURCES 40.0 2.0 X 362772 0 74287 KIM CHEE VP OF FINANCE 40.0 0.0 X 304535 0 57981 MICHAEL NEWHOUSE DIR OF IT OPS THRU 7/29/22 40.0 0.0 X 291122 0 40114 TIMOTHY J GEARY DIR OF OPERATIONS & SERVICES 40.0 0.0 X 261325 0 61878 ALEJANDRO SNCHEZ ALVARADO DIRECTOR 2.0 42.0 X 0 202731 17153 DAVID A WELTE DIRECTOR 2.0 7.0 X 0 0 0 JAMES E STOWERS III DIRECTOR 2.0 0.0 X 0 0 0 CLIFFORD W ILLIG DIRECTOR 2.0 2.0 X 0 0 0 GINA KAISER DIRECTOR 2.0 0.0 X 0 0 0 CICI ROJAS DIRECTOR 2.0 0.0 X 0 0 0 MAURICE WATSON DIRECTOR 2.0 0.0 X 0 0 0 JULIE WILSON DIRECTOR 2.0 0.0 X 0 0 0 PAM LOKKEN DIRECTOR 2.0 0.0 X 0 0 0 ALBERZINE FREEMAN DIRECTOR 2.0 4.0 X 0 0 0 JONATHAN THOMAS DIRECTOR 2.0 4.0 X 0 0 0 JOHN BLUFORD DIRECTOR 2.0 0.0 X 0 0 0 6655167 915271 663055 31 false true false AMERICAN CENTURY INVESTMENT 4500 MAIN STREET KANSAS CITY MO 64111 INDIRECT (SEE SCH O) 1337678 BRYAN CAVE LEIGHTON PAISNER LLP PO BOX 503089 SAINT LOUIS MO 63150 LEGAL SERVICES 738963 ANDREW FLOWER PO BOX 8643 PRAIRIE VILLAGE KS 66208 SOFTWARE DEVELOPMENT 456017 MIDWEST CONTRACT SERVICES INC 4741 CENTRAL ST SUITE 227 KANSAS CITY MO 64112 CLEANING AND MAINT. 775696 TECHNOLOGY GROUP SOLUTIONS LLC 8551 QUIVIRA RD LENEXA KS 66215 IT SERVICES 378511 24 X 0 0 0 0 0 1327509 0 1327509 REIMB. FROM SIMR, RELATED 501(C)(3) 900099 33894765 33894765 0 0 REIMB. FROM BVD, RELATED C CORP 900099 533248 533248 0 0 REIMB. FROM GSSIMR, RELATED 501(C)(3) 900099 21909 21909 0 0 REIMB. FROM SPI, RELATED 501(C)(4) 900099 29171 29171 0 0 34479093 111848494 0 0 111848494 0 0 26354 26354 0 26354 0 0 26354 105950000 63906 107994991 23877 -2044991 40029 -2004962 0 0 -2004962 0 0 0 0 0 0 0 0 0 MISSOURI TIMELY FILING DISCOUNT 900099 4008 0 0 4008 4008 145680496 34479093 0 109873894 43020500 43020500 0 0 0 5079423 4571481 457148 50794 0 13061096 11754986 1175499 130611 1953961 1758564 175856 19541 2238449 2014604 201460 22385 874430 786987 78699 8744 0 952886 0 952886 0 337393 0 337393 0 0 0 996707 0 996707 0 3269195 2942275 294228 32692 155457 139910 13991 1556 314251 282826 28283 3142 661532 595379 59538 6615 0 4089300 3680370 368037 40893 232761 209486 20948 2327 0 230181 207163 20716 2302 2700706 2430635 243064 27007 0 2725350 2452815 245282 27253 540181 486163 48616 5402 Maintenance Expenses 4750085 4275077 427508 47500 Operation Supplies 587146 528431 52843 5872 Dues & Memberships 588760 529884 52988 5888 SEC. 4960 EXCISE TAX 236045 212441 21244 2360 639254 575329 57532 6393 90235049 83455306 6330466 449277 0 0 926542 3487168 0 0 0 0 0 0 0 0 0 0 0 0 2369774 2369762 18491606 14155209 6373833 4336397 528104386 553464856 1836698135 1226612683 0 0 0 0 10624595 19567514 2385097265 1809838380 6798172 7381752 0 0 0 0 290000000 290000000 0 0 0 0 893911 0 0 0 256684 686238 297948767 298067990 X 2084047097 1509141460 3101401 2628930 2087148498 1511770390 2385097265 1809838380 X 55445447 -632914459 2090904 X false true X true false X X X 2 STOWERS INSTITUTE FOR MEDICAL RESEARCH 202993509 4 true 43000000 0 THE GRADUATE SCHOOL OF THE STOWERS INST FOR MEDICAL RESEARCH 464588696 2 true 0 0 2 43000000 0 true false false false false false false false false false false false false false false true false SCHEDULE A, PART I, LINE 12G, COL VI SRM PROVIDES A WIDE-RANGE OF SERVICES AND SUPPORT TO SIMR AND GSSIMR AS EXPLAINED IN PART III PROGRAM SERVICES, LINES 4B AND 4C. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3101401 850000 -363484 958987 2628930 2960161 940000 273536 1072296 3101401 2762282 849000 295213 946334 2960161 1741646 1690980 319789 990133 2762282 1872198 907000 -117418 920134 1741646 0.00000 0.51610 0.48390 false false 53290 40451 12839 18438316 14114758 4323558 4336397 AMERICAN CENTURY CLASS A SHS 1226612683 F 1226612683 0 COMPENSATION EXCISE TAX 243724 LEASE LIABILITY 432514 OTHER LONG TERM LIABILITY 10000 686238 X SCHEDULE D, PART V, LINE 4 THE PERMANENT RESTRICTED ENDOWMENT, INVESTED IN PERPETUITY, PROVIDES A SOURCE OF INCOME TO FUND THE "PRISCILLA WOOD NEAVES ENDOWED CHAIR IN BIOMEDICAL SCIENCE" AT THE STOWERS INSTITUTE. THE EARNINGS FROM THE ENDOWMENT WILL BE DISTRIBUTED, ACCORDING TO THE TERMS OF THE RESTRICTED GIFT, TO THE CURRENT HOLDER OF THE CHAIR TO BE USED IN THEIR PURSUIT OF INNOVATIVE RESEARCH. THE TEMPORARILY RESTRICTED ENDOWMENT(S) PROVIDE FUNDING FOR CERTAIN SCIENCE AND OTHER ACTIVITIES AT THE STOWERS INSTITUTE ACCORDING TO THE TERMS OF THE GIFT(S). SCHEDULE D, PART X, LINE 2 FIN 48 FINANCIAL STATEMENT FOOTNOTE FROM THE CONSOLIDATED STATEMENTS OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("THE INSTITUTE"), OF WHICH STOWERS RESOURCE MANAGEMENT, INC. IS A SUPPORTING ORGANIZATION, IS AS FOLLOWS: THE INSTITUTE RECOGNIZED THE EFFECT OF INCOME TAX POSITION ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. true BLUFORD HEALTHCARE LEADERSHIP INSTITUTE 7900 LEES SUMMIT RD KANSAS CITY MO 64139 463328194 501(C)(3) 20000 SEE PART IV STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 E 50TH STREET KANSAS CITY MO 64110 202993509 501(C)(3) 43000000 FMV FIXED INC SECURITIES SEE PART IV 2 0 SCHEDULE I, PART I, LINE 2 SRM'S PURPOSE IS TO SUPPORT THE ACTIVITIES OF SIMR, WHICH CONDUCTS BASIC CELL AND MOLECULAR BIOLOGY RESEARCH. BESIDES GIVING FINANCIAL SUPPORT TO SIMR, SRM ALSO HELPS MANAGE SIMR'S ENDOWMENT, PROVIDES MANAGEMENT SUPPORT AND FUNDRAISES FOR ITS BENEFIT. THE MANAGEMENT SUPPORT INVOLVES ASSISTING IN PLANNING FOR THE STRATEGIC DIRECTION OF SIMR, OPERATIONAL PLANNING, DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC BUSINESS PLANS, INCLUDING FINANCE, LEGAL, HUMAN RESOURCES AND OTHER CORPORATE FUNCTIONS. THE CONTRIBUTIONS, GRANTS AND INCOME FROM SRM'S ENDOWMENT ARE USED TO SUPPORT THE EXEMPT ACTIVITIES OF SIMR. SCHEDULE I, PART II, LINE (1), COLUMN (H) FINANCIAL SUPPORT FOR SPONSORSHIP OF A STUDENT IN THE BLUFORD PROGRAM TO PARTICIPATE IN GSSIMR'S SUMMER SCHOLARS PROGRAM. SCHEDULE I, PART II, LINE (2), COLUMN (H) FINANCIAL SUPPORT TO ASSIST WITH SUPPORT ORGANIZATION'S SCIENTIFIC DISCOVERIES. X X X true true X X X X X true false false false false false false false false RICHARD W BROWN DIR/CHAIR/PRES/CEO 2771091 0 0 0 42771 0 45750 0 21149 0 2880761 0 CHARLES GERMAN DIRECTOR/EVP/GENERAL COUNSEL 1040079 0 0 0 18978 0 45750 0 21300 0 1126107 0 BRENT KREIDER COO THRU 3/31/22/DIRECTOR 0 702298 0 0 0 10242 0 45750 0 26686 0 784976 GEORGE L SATTERLEE DIR. AS OF 1/1/22 /EVP/HR 467828 0 0 0 3432 0 45750 0 21474 0 538484 0 PENNY M SPENCE EVP/CFO 537007 0 0 0 780 0 45750 0 16496 0 600033 0 ALEJANDRO SNCHEZ ALVARADO DIRECTOR 0 114350 0 0 0 88381 0 17153 0 0 0 219884 JENNIFER H PAWLOSKY COS/VP OF COMMUNICATIONS 436592 0 0 0 116855 0 45750 0 30037 0 629234 0 PATRICK MITCHELL JR VP OF HUMAN RESOURCES 361992 0 0 0 780 0 45750 0 28537 0 437059 0 KIM CHEE VP OF FINANCE 302299 0 0 0 2236 0 45577 0 12404 0 362516 0 MICHAEL NEWHOUSE DIR OF IT OPS THRU 7/29/22 183615 0 0 0 107507 0 23618 0 16496 0 331236 0 TIMOTHY J GEARY DIR OF OPERATIONS & SERVICES 257893 0 0 0 3432 0 39405 0 22473 0 323203 0 SCHEDULE J, PART I, LINE 1A SRM paid for first-class travel for Jennifer Pawlosky in one instance. She was not taxed on the benefit since the travel was for business purposes. SRM HAS A WRITTEN EMPLOYMENT CONTRACT WITH RICHARD W. BROWN (PRESIDENT/CEO), WHICH PROVISIONS INCLUDE PAYMENT OF SOCIAL CLUB DUES AND PERSONAL USE OF AN AUTOMOBILE. SRM HAS A WRITTEN EMPLOYMENT AGREEMENT WITH CHARLES GERMAN (EVP/GENERAL COUNSEL), WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR PROFESSIONAL AND SOCIAL CLUB DUES. SRM'S OFFER LETTER TO JENNIFER PAWLOSKY (COS/VP OF COMMUNICATIONS) INCLUDED PROVISIONS FOR PAYMENT OF SOCIAL CLUB DUES. PAWLOSKY ALSO RECEIVED TAX GROSS-UP PAYMENTS FOR RELOCATION PURPOSES. ALL TAXABLE BENEFITS ARE TREATED AS COMPENSATION TO THE RECIPIENTS. SCHEDULE J, PART I, LINE 1B SRM PROVIDED THE BENEFITS DESCRIBED IN RESPONSE TO LINE 1A PURSUANT TO WRITTEN EMPLOYMENT CONTRACTS THAT WERE APPROVED BY SRM'S GOVERNING BOARD. SEE RESPONSE TO FORM 990, PART VI, SECTION B, LINE 15 FOR ADDITIONAL PROCESSES RELATED TO DETERMINING SALARY AND BENEFITS FOR OFFICERS. SCHEDULE J, PART I, LINE 4A SRM entered a Severance Compensation Agreement as of August 15,2022 with Michael Newhouse. Under the agreement, Mr. Newhouse was paid $363,020.83 (less taxes and withholding) in severance as payroll. The first installment in the amount of $106,770.83 was paid on September 2, 2022. The second installment in the amount of $256,250.00 was paid on January 6, 2023. The agreement also provided COBRA reimbursement up to $2,400.00 per month for twelve (12) months following the separation date. The terms and conditions of the agreement required the return of all property. The agreement also included standard releases, and imposed confidentiality and non-disparagement obligations on Mr. Newhouse. A HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS34 2015-03-31 75000000 SEE SCHEDULE K, PART VI false false false B HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS42 2015-03-31 75000000 SEE SCHEDULE K, PART VI false false false C HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS59 2015-03-31 75000000 SEE SCHEDULE K, PART VI false false false D HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS67 2015-03-31 65000000 SEE SCHEDULE K, PART VI false false false A 0 0 0 75000000 0 0 0 0 0 0 75000000 0 2000 false true true true B 0 0 0 75000000 0 0 0 0 0 0 75000000 0 2000 false true true true C 0 0 0 75000000 0 0 0 0 0 0 75000000 0 2000 false true true true D 0 0 0 65000000 0 0 0 0 0 0 65000000 0 2000 false true true true A 0 B 0 C 0 D 0 A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K $290,000,000 BOND ISSUE IN AGGREGATE CONSISTING OF $75,000,000 OF SERIES 2015A BONDS, $75,000,000 OF SERIES 2015B BONDS, $75,000,000 OF SERIES 2015C BONDS, AND $65,000,000 OF SERIES 2015D BONDS. PART I, COLUMN F FOR LINES A, B, C, AND D: SRM AND STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") ARE THE TWO MEMBERS OF AN OBLIGATED BOND GROUP FOR THESE TAX-EXEMPT BONDS; SRM IS A SUPPORTING ORGANIZATION OF SIMR AS DESCRIBED IN SRM'S MISSION STATEMENT AND REPORTED ON SCHEDULE R. THE BONDS WERE ISSUED TO REFUND $215,000,000 OF BONDS ISSUED IN 2000 AND $75,000,000 OF BONDS ISSUED IN 2002. THE 2000 BOND SERIES WAS ORIGINALLY ISSUED FOR THE PURPOSE OF PURCHASING AN EXISTING MEDICAL CENTER AND SURROUNDING BUILDINGS, STRIPPING THE STRUCTURES TO THEIR INFRASTRUCTURE AND RECONSTRUCTING A STATE OF THE ART MEDICAL RESEARCH FACILITY FOR SIMR. THE 2002 BOND SERIES WAS ORIGINALLY ISSUED FOR THE PURPOSE OF INTERIOR FINISH, FURNISHING, AND EQUIPPING OF THE SHELL FOR THE STRUCTURES BUILT WITH THE EARLIER 2000 BONDS. SCHEDULE K, PART II, LINE 11: AGGREGRATE 2015ABCD BOND ISSUE OF $290,000,000 WAS ISSUED TO REFUND $215,000,000 BOND SERIES ISSUED IN 2000 AND $75,000,000 BOND SERIES ISSUED IN 2002. SCHEDULE K, PART II, LINE 15: AGGREGRATE 2015ABCD BOND ISSUE OF $290,000,000 WAS ISSUED TO REFUND $215,000,000 BOND SERIES ISSUED IN 2000 AND $75,000,000 BOND SERIES ISSUED IN 2002. SCHEDULE K, PART IV ARBITRAGE, LINE 2(B): THE BOND PROCEEDS WERE USED TO REFUND AND REDEEM THE REFUNDED BONDS ON THE ISSUE DATE. IN ADDITION, THE INSTITUTE REASONABLY EXPECTS THAT THE DEBT SERVICE FUND WILL QUALIFY AS A BONA FIDE DEBT SERVICE FUND IN EVERY BOND YEAR. BASED ON THESE EXPECTATIONS AND CERTIFICATIONS, BOND COUNSEL HAS ADVISED THE AUTHORITY AND THE INSTITUTE THAT NO ARBITRAGE REBATE OR YIELD RESTRICTIONS WILL BE REQUIRED FOR THE BONDS. FORM 990, PART I, LINE 1 AND MOLECULAR BIOLOGY RESEARCH AND THE GRADUATE SCHOOL OF THE STOWERS INSTITUTE FOR MEDICAL RESEARCH ("GSSIMR") WHICH PROVIDES GRADUATE EDUCATION THAT WILL PREPARE SCHOLARS FOR SCIENTIFIC RESEARCH IN THE BIOLOGICAL SCIENCES. FORM 990, PART III, LINE 1 THE STOWERS RESOURCE MANAGEMENT INC. ("SRM") OPERATES EXCLUSIVELY WITHIN THE MEANING OF CODE SECTIONS 501(C)(3) AND 509(A)(3). SRM'S CHARITABLE PURPOSE IS TO SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATIONS. SRM CURRENTLY SUPPORTS STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") AND THE GRADUATE SCHOOL OF THE STOWERS INSTITUTE FOR MEDICAL RESEARCH ("GSSIMR"). SIMR IS A TAX EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3), AND PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(III). SIMR IS ACTIVELY ENGAGED IN SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST. GSSIMR IS A TAX EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3), A PUBLIC CHARITY DESCRIBED IN SECTION 509(A)(1) AND FURTHER DESCRIBED AS AN EDUCATIONAL ORGANIZATION IN 170(B)(1)(A)(II). GSSIMR PROVIDES GRADUATE EDUCATION RELATING TO MEDICAL OR SCIENTIFIC RESEARCH WITH AN EMPHASIS ON INNOVATIVE RESEARCH TECHNIQUES IN THE BIOLOGICAL SCIENCES. SRM HELPS MANAGE SIMR'S ENDOWMENT, PROVIDES MANAGEMENT SUPPORT, AND FUNDRAISES FOR SIMR'S BENEFIT. THE MANAGEMENT SUPPORT INVOLVES ASSISTING IN PLANNING FOR THE STRATEGIC DIRECTION OF SIMR, OPERATIONAL PLANNING, DEVELOPMENT, AND IMPLEMENTATION OF STRATEGIC BUSINESS PLANS AND BUDGETS. SRM ALSO PROVIDES ADDITIONAL ADMINISTRATIVE AND OPERATIONAL SUPPORT SERVICES TO SIMR AND GSSIMR THAT INCLUDES ACCOUNTING, FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, AND OTHER CORPORATE SUPPORT FUNCTIONS. THE CONTRIBUTIONS, GRANTS, AND INCOME FROM SRM'S ENDOWMENT ARE USED TO SUPPORT THE EXEMPT ACTIVITIES OF SIMR. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD HAS DELEGATED CERTAIN AUTHORITY TO AN EXECUTIVE COMMITTEE WHICH MAY EXERCISE DELEGATED POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF SRM. THE MEMBERS OF THE EXECUTIVE COMMITTEE ALL SERVE ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 RICHARD W. BROWN, DAVID A. WELTE, ALEJANDRO SNCHEZ ALVARADO, JONATHAN THOMAS, GINA KAISER, ALBERZINE FREEMAN, CHARLES GERMAN AND BRENT KREIDER, ALL DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP. CLIFFORD W. ILLIG, JONATHAN THOMAS, ALBERZINE FREEMAN, BRENT KREIDER, RICHARD W. BROWN AND CHARLES GERMAN, DIRECTORS OF SRM, AND PENNY M. SPENCE, OFFICER OF SRM, HAVE A BUSINESS RELATIONSHIP. BRENT KREIDER AND ALEJANDRO SNCHEZ ALVARADO, DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINES 6, 7A & 7B SIMR IS SRM'S SOLE MEMBER AND ELECTS SRM'S BOARD OF DIRECTORS. SIMR ALSO HAS THE RIGHT TO REMOVE, WITH OR WITHOUT CAUSE, ONE OR MORE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE DATA AND INFORMATION NECESSARY TO PREPARE SRM'S FORM 990 IS COMPILED BY THE ACCOUNTING DEPARTMENT AND REVIEWED BY OUR TAX ATTORNEY AT BRYAN CAVE LEIGHTON PAISNER, LLP. FORVIS, LLP, OUR EXTERNAL TAX PREPARERS, USES THIS INFORMATION TO PREPARE THE FORM 990. THE COMPLETED FORM 990, INCLUDING REQUIRED SCHEDULES, IS REVIEWED BY THE OFFICERS OF SRM BEFORE IT IS FILED WITH THE IRS. AFTER THE PREPARATION AND REVIEW PROCESS DETAILED ABOVE, THE FORM 990, INCLUDING REQUIRED SCHEDULES, IS PROVIDED TO EACH VOTING MEMBER OF SRM'S BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SRM 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 SRM ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A DISCLOSURE STATEMENT. A COVERED PERSON MUST 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. SRM 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, SECTION B, LINES 15A & 15B THE PROCESS FOR DETERMINING THE REASONABLENESS OF THE COMPENSATION FOR SRM'S PRESIDENT AND EXECUTIVE VICE-PRESIDENT/GENERAL COUNSEL INCLUDED RETAINING THE SERVICES OF A NATIONALLY KNOWN COMPENSATION CONSULTANT TO PROVIDE DATA AND ANALYSIS TO DETERMINE COMPARABLE SALARY AND BENEFITS FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. COMPENSATION FOR BOTH POSITIONS WAS DOCUMENTED IN EMPLOYMENT CONTRACTS WHICH WERE APPROVED BY THE GOVERNING BODY AS DOCUMENTED IN THE OFFICIAL MINUTES. THE LAST COMPLETED REVIEW PROCESS FOR SRM'S PRESIDENT WAS IN 2019. THE EXECUTIVE VICE-PRESIDENT/GENERAL COUNSEL REVIEW WAS COMPLETED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 STOWERS RESOURCE MANAGEMENT INC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, COLUMN B RICHARD W. BROWN, george l satterlee AS OF 1/1/2022, PENNY M. SPENCE AND CHARLES GERMAN, OFFICERS OF SRM, AND PATRICK MITCHELL, JR., HIGHEST COMPENSATED EMPLOYEE OF SRM, ALSO PERFORM SUPPORT SERVICES FOR ONE OR MORE OF THE RELATED ORGANIZATIONS DISCLOSED IN SCHEDULE R. THESE SERVICES ARE PERFORMED IN THEIR ROLE AS SRM EMPLOYEES AND SRM IS REIMBURSED BY THE RELATED ORGANIZATIONS. FORM 990, PART VII, SECTION B SRM 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, SRM NOT ONLY SELECTED A HIGH-QUALITY MUTUAL FUND COMPANY WITH OUTSTANDING TRACK RECORD, BUT ALSO PLACED ITS LIQUID INVESTMENTS IN A COMPANY IN WHICH IT OWNS STOCK AND RECEIVES DIVIDENDS. SRM PAYS ACI THE SAME ADMINISTRATIVE FEES FOR THESE SERVICES AS ANY ARMS-LENGTH INVESTORS. FORM 990, PART VIII, LINES 2A, 2B, 2C, & 2D SRM RECEIVED EXPENSE REIMBURSEMENTS FROM RELATED PARTIES, AS DESCRIBED IN SCHEDULE R, FOR ADMINISTRATIVE SUPPORT SERVICES BY SRM. SRM ALLOCATED THE COSTS OF PROVIDING THESE SERVICES TO THE RELATED PARTIES. FORM 990, PART XI, LINE 9: EQUITY TRANSFERS FROM RELATED 501(C)(2) ORG (NOTE 1) $ 2,090,904 NOTE 1: SRM RECEIVED PASS-THROUGH AMOUNTS FROM STOWERS REAL ESTATE HOLDING CORPORATION ("SREHC"). SRM IS THE TAX-EXEMPT PARENT OF SREHC. SREHC IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(2) OF THE CODE, AND AS SUCH, SREHC REMITS THEIR NET INCOME AND MAKES OTHER TRANSFERS TO ITS TAX-EXEMPT PARENT, SRM. SRM RECEIVED $2,090,904 OF NET INCOME FROM SREHC. STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 202993509 MED RESEARCH DE 501(C)(3) 4 NA false STOWERS REAL ESTATE HOLDING CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 261472230 TITLE HOLDING DE 501(C)(2) N/A SRM true BIOMED VALLEY CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 743238244 SUPPORT ORG DE 501(C)(3) 12A, I SIMR true STOWERS SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(C)(3) 12A, I SIMR true STOWERS POLICY INSTITUTE INC 1000 EAST 50TH STREET KANSAS CITY MO 64110 203270502 SEE PART VII DE 501(C)(4) N/A SIMR false THE GRADUATE SCHOOL OF SIMR 1000 EAST 50TH STREET KANSAS CITY MO 64110 464588696 EDUCATION MO 501(C)(3) 2 SIMR true STOWERS INVESTMENT HOLDING CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 920365628 TITLE HOLDING DE 501(C)(2) N/A SRMSPI false BIOMED VALLEY DISCOVERIES INC 4435 MAIN ST SUITE 550 KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C CORP true false true false false false false false false false false false false false true true true true false true STOWERS REAL ESTATE HOLDING CORPORATION S 2090904 SEE PART VII BIOMED VALLEY DISCOVERIES Q 533248 SEE PART VII SCHEDULE R, PART II, LINE (5), COLUMN (B): STOWERS POLICY INSTITUE INC'S ("SPI") PRIMARY ACTIVITY 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. SCHEDULE R, PART IV, LINE (1), COLUMN (B): BIOMED VALLEY DICOVERIES, INC'S ("BVD") PRIMARY ACTIVITY IS THE DEVELOPMENT AND MARKETING OF SCIENTIFIC DISCOVERIES. BIOMED VALLEY CORPORATION ("BVC") IS THE 100% OWNER OF BVD STOCK. SCHEDULE R, PART V, LINE 2: SRM PROVIDES RESOURCES AND SERVICES TO ITS RELATED ORGANIZATIONS DESCRIBED IN PART II AND PART III AND IS REIMBURSED BY THE RELATED ORGANIZATIONS. SCHEDULE R, PART V, LINE 2(1)(D): STOWERS REAL ESTATE HOLDING CORPORATION ("SREHC") IS A CONTROLLED ENTITY WITHIN THE MEANING OF 512(B)(13). SREHC IS A TAX EXEMPT ORGANIZATION UNDER 501(C)(2) OF THE CODE, AND AS SUCH, REMITS ITS NET INCOME AND MAKES OTHER TRANSFERS TO ITS TAX EXEMPT PARENT, SRM. SRM RECEIVED $2,090,904 OF NET INCOME FROM SREHC IN 2022. SREHC MADE NO SPECIFIED PAYMENTS TO SRM. SCHEDULE R, PART V, LINE 2(2)(D): SRM PROVIDES MANAGEMENT SUPPORT TO BVD THAT INVOLVES ASSISTING IN PLANNING FOR THE STRATEGIC DIRECTION OF BVD, OPERATIONAL PLANNING, AND THE DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC BUSINESS PLANS AND BUDGETS. SRM ALSO PROVIDES ADDITIONAL ADMINISTRATIVE AND OPERATIONAL SUPPORT SERVICES TO BVD THAT INCLUDES ACCOUNTING, FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, AND OTHER SUPPORT ACTIVITIES, FOR WHICH SRM ALLOCATED COSTS TO BVD IN THE AMOUNT OF $533,248 IN 2022 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2B.