2024-04-26T04:55:22+00:00 2023-06-30 440160260 FORVIS LLP 1201 WALNUT ST SUITE 1700 KANSAS CITY MO 641062246 990 2023-01-01 203270502 Stowers Policy Institute Inc STOW 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 RICHARD W BROWN PRESIDENT 2024-04-26 true RICHARD BROWN 999009999 APRIL ARNOLD CPA P01559426 8162216300 2022 2023-04-26 12:10:37Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 446042 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 BY ADVOCATING FOR AN ENVIRONMENT THAT ADVANCES, FACILITATES, AND PROTECTS THOSE ACTIVITIES. 4 1 0 1 0 0 0 0 0 0 2391707 176531 0 0 2391707 176531 400000 200000 0 0 0 0 0 0 0 82675 47305 482675 247305 1909032 -70774 25063110 26782579 3250 0 25059860 26782579 SEE SCHEDULE O false false 200000 200000 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. 200000 false false false false false false false false false false false false false false false true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false true 0 0 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 CHARLES GERMAN DIRECTOR/SECRETARY 1.0 48.0 X X 0 0 0 PENNY M SPENCE DIRECTOR/CFO/TREASURER 1.0 50.0 X X 0 0 0 RICHARD W BROWN DIRECTOR/PRESIDENT 1.0 48.0 X X 0 0 0 DAVID A WELTE DIRECTOR 1.0 8.0 X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 203042 0 0 203042 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 243000 269511 -26511 0 -26511 0 0 -26511 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 176531 0 0 176531 200000 200000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30207 0 30207 0 17098 0 17098 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 247305 200000 47305 0 23930 7667 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4250 0 0 0 0 0 24785154 26514199 249776 247755 0 0 0 0 12958 25063110 26782579 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3250 0 3250 0 X 25059860 26782579 0 0 0 0 0 0 0 0 25059860 26782579 25063110 26782579 -70774 1793493 0 0 0 0 X false true X false false 1970024 1793493 0 1793493 176531 0 0 176531 247305 0 0 247305 0 0 247305 Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS 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 PO BOX 16580 ST LOUIS MO 63105 203211862 501(C)(4) 200000 SEE PART IV 1 Schedule I, Part II, Line 1(h) PURPOSE OF GRANT OR ASSISTANCE FINANCIAL SUPPORT TO EXEMPT ORGANIZATION, MISSOURI COALITION FOR LIFESAVING CURES, INC., THAT IS ACTIVELY ENGAGED IN SIMILAR ACTIVITIES AS DESCRIBED IN SPI'S EXEMPT PURPOSE. Schedule I, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS 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. Form 990, Part III, Line 1 ORGANIZATION MISSION STOWERS POLICY INSTITUTE ("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, Line 2 BUSINESS RELATIONSHIPS 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, Line 15a AND LINE 15B - Compensation PENNY M. SPENCE, CHARLES GERMAN AND RICHARD W. BROWN 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, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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 IS 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 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part VII, Section A AND SECTION B THE ORGANIZATION CHANGED ITS YEAR END TO JUNE 30 AND ARE THEREFORE FILING A SHORT PERIOD TAX RETURN FOR THE PERIOD OF 1/1/2023 TO 6/30/2023. PER THE FORM 990 INSTRUCTIONS, COLUMNS D AND E WILL BE BLANK AND THE ORGANIZATION WILL NOT REPORT ANY KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES NOR HIGHEST COMPENSATED INDEPENDENT CONTRACTORS. THESE ITEMS ARE ALL REPORTED BASED ON THE CALENDAR YEAR ENDING WITHIN THE FISCAL YEAR, WHICH DOES NOT EXIST FOR THE SHORT PERIOD. Form 990, Part XII, Line 2c OVERSIGHT OF AUDIT THE BOARD IS RESPONISBLE FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE STATEMENTS. STOWERS SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(c)(3) Type 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) Type I SIMR false BIOMED VALLEY CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 743238244 SUPPORT ORG DE 501(c)(3) Type 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) SRMSPI false STOWERS REAL ESTATE HOLDING CORPORATION 1000 EAST 5OTH STREET KANSAS CITY MO 64110 261472230 TITLE HOLDING DE 501(c)(2) SRM false BIOMED VALLEY DISCOVERIES INC 4435 MAIN ST SUITE 550 KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C Corporation false false false false false false false false false false false false false false true true true false false false Schedule R, Part IV, Column (b) Line 1 PRIMARY ACTIVITY 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.