2023-11-03T08:43:27-05:00 2022-12-31 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2022-01-01 743238244 BIOMED VALLEY CORPORATION % KATY GRAHAM BIOM 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 RICHARD W BROWN PRESIDENT/CEO 8169264852 2023-11-15 true PENNY SPENCE 999009999 April Arnold CPA P01559426 8162216300 2023-11-15 2 2022 2023-04-26 12:10:37Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 21031196 false X N/A X 2007 DE BIOMED VALLEY CORPORATION ("BVC") SUPPORTS THE ACTIVITIES OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") WHICH CONDUCTS BASIC CELL AND MOLECULAR BIOLOGY RESEARCH. 4 1 0 1 0 21000000 0 0 0 -90387 -114302 0 0 20909613 -114302 50000 50000 0 0 0 0 0 0 0 4008 1504 54008 51504 20855605 -165806 30709893 12382590 0 0 30709893 12382590 X SEE SCHEDULE O false false 50000 50000 0 BVC'S EXEMPT PURPOSE IS TO SUPPORT ITS SUPPORTED ORGANIZATION, STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR"). BVC'S ACTIVITIES INCLUDE RESEARCH SUPPORT, MANAGEMENT OF INTELLECTUAL PROPERTY, PROMOTION OF ENDOWMENT BASED RESEARCH, IDENTIFICATION OF INTELLECTUAL PROPERTY FOR COMMERCIALIZATION, FUNDRAISING AND ENDOWMENT MANAGEMENT. 50000 true false false false false false false false false false false true false false false true false true 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 true true false false true 1 0 true 0 false false false false false false false false false false false false X 4 1 true false false false true true true 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 RICHARD W BROWN DIRECTOR/PRESIDENT/CEO 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 DIRECTOR AS OF 1/1/2022 1.0 50.0 X 0 537787 62246 DAVID A WELTE DIRECTOR 1.0 8.0 X 0 0 0 0 4410706 196195 0 false true false 0 0 0 11196 11196 0 0 0 0 0 21020000 21145498 -125498 -125498 -125498 0 0 0 0 0 0 0 0 0 0 -114302 0 -114302 50000 50000 0 0 0 0 0 0 0 0 0 0 1504 1504 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51504 50000 1504 0 40140 8636 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21581009 493961 9088744 11879993 0 0 0 0 0 0 30709893 12382590 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 30709893 12382590 0 0 30709893 12382590 30709893 12382590 X -165806 2838503 -21000000 X false true X true false X X X 1 STOWERS INSTITUTE FOR MEDICAL RESEARCH 202993509 4 true 50000 0 1 50000 0 true false false false false false false false false false false false false false false true false 11879993 F 11879993 0 0 X SCHEDULE D, PART X, LINE 2 FIN 48 FINANCIAL STATEMENT FOOTNOTES FROM THE CONSOLIDATED STATEMENTS OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("THE INSTITUTE"), OF WHICH BIOMED VALLEY CORPORATION IS A SUPPORTING ORGANIZATION, IS AS FOLLOWS: THE INSTITUTE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS 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 STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 202993509 501(C)(3) 50000 FMV F. I. SECURITIES MEDICAL RESEARCH 1 0 SCHEDULE I, PART I, LINE 2 BIOMED VALLEY CORPORATION'S PURPOSE IS TO SUPPORT, BENEFIT, AND CARRYOUT THE PURPOSE OF ITS SUPPORTED ORGANIZATION, STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") AS DESCRIBED IN FORM 990, PART III. THE ANNUAL SUPPORT INCLUDES, BUT IS NOT LIMITED TO, DISTRIBUTING FUNDS TO SIMR TO BE USED BY SIMR IN FURTHERANCE OF ITS EXEMPT PURPOSE OF CONDUCTING MEDICAL RESEARCH. false false false false false false false false false RICHARD W BROWN DIRECTOR/PRESIDENT/CEO 0 2771091 0 0 0 42771 0 45750 0 21149 0 2880761 0 0 PENNY M SPENCE DIRECTOR AS OF 1/1/2022 0 537007 0 0 0 780 0 45750 0 16496 0 600033 0 0 CHARLES GERMAN DIRECTOR/SECRETARY 0 1040079 0 0 0 18978 0 45750 0 21300 0 1126107 0 0 SCHEDULE J, PART I, LINE 3 RICHARD W. BROWN RECEIVED COMPENSATION FROM STOWERS RESOURCE MANAGEMENT ("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 III, LINE 1 BIOMED VALLEY CORPORATION ("BVC") OPERATES EXCLUSIVELY WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE ("CODE"). ITS CHARITABLE PURPOSE IS TO SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION. CURRENTLY, ITS ONLY SUPPORTED ORGANIZATION IS STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR"). SIMR IS ENGAGED IN THE CONDUCT OF SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST. SIMR IS A CODE SECTION 501(C)(3) ORGANIZATION AND A PUBLIC CHARITY, AS A MEDICAL RESEARCH ORGANIZATION, WITHIN THE MEANING OF CODE SECTIONS 170(B)(1)(A)(III) AND 509(A)(1). FORM 990, PART VI, SECTION A, LINE 2 RICHARD W. BROWN, CHARLES GERMAN, AND DAVID A. WELTE, DIRECTORS OF BVC, HAVE A BUSINESS RELATIONSHIP. RICHARD W. BROWN, CHARLES GERMAN, AND PENNY M. SPENCE, DIRECTORS OF BVC, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINES 6, 7A & 7B SIMR IS BVC'S SOLE MEMBER AND ELECTS BVC'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 BVC'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 DISTRIBUTED TO THE OFFICERS OF BVC FOR THEIR REVIEW BEFORE THE RETURN IS FILED WITH THE IRS. ALSO, THE FORM 990, INCLUDING REQUIRED SCHEDULES, IS PROVIDED TO EACH VOTING MEMBER OF BVC'S BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BIOMED VALLEY CORPORATION 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 THE COMPANY ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A DISCLOSURE STATEMENT. 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. BVC 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, LINES 15A & 15B BVC'S OFFICERS AND DIRECTORS ARE COMPENSATED BY STOWERS RESOURCE MANAGEMENT, INC. ("SRM"), A RELATED ORGANIZATION, FOR THE SERVICES PERFORMED IN THEIR OFFICIAL CAPACITY FOR SRM. FORM 990, PART VI, SECTION C, LINE 19 BVC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: BVC ADDITIONAL CAPITAL CONTRIBUTION OF $21,000,000 IN BIOMED VALLEY DISCOVERIES, INC. ("BVD"); BVC IS THE 100% OWNER OF BVD STOCK AS DESCRIBED IN SCHEDULE R, PART IV. STOWERS REAL ESTATE HOLDING CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 261472230 TITLE HOLDING DE 501(C)(2) N/A SRM true 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 true STOWERS SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(C)(3) 12A, I SIMR true THE GRADUATE SCHOOL OF SIMR 1000 EAST 50TH STREET KANSAS CITY MO 64110 464588696 EDUCATION MO 501(C)(3) 2 SIMR true STOWERS POLICY INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 203270502 SEE PART VII DE 501(C)(4) N/A 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 BIOMED VALLEY DISCOVERIES INC 4435 MAIN ST SUITE 550 KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C CORP 1375424 14525501 1.00000 true false true false false false false false false false false false false false true true false false false false BIOMED VALLEY DISCOVERIES INC B 21000000 SEE PART VII SCHEDULE R, PART II, LINE (6), COLUMN B STOWERS POLICY INSTITUTE 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 FACILITIES, AND PROTECTS THAT RESEARCH AND THOSE THERAPIES AND CURES. SCHEDULE R, PART IV, LINE (1), COLUMN B: BIOMED VALLEY DISCOVERIES, INC.'S ("BVD") PRIMARY ACTIVITY IS DEVELOPMENT AND MARKETING OF SCIENTIFIC DISCOVERIES. SCHEDULE R, PART V, LINE 2(1), COLUMN D FAIR MARKET VALUE OF FIXED INCOME SECURITIES.