2024-04-26T04:50:54+00:00 2023-06-30 440160260 FORVIS LLP 1201 WALNUT ST STE 1700 KANSAS CITY MO 641062246 990 2023-01-01 261472230 STOWERS REAL ESTATE HOLDING CORPORATION STOW 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 RICHARD W BROWN DIRECTOR 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 1115361 false X N/A X 2007 DE STOWERS REAL ESTATE HOLDING CORPORATION'S ("SREHC") EXEMPT PURPOSE IS TO HOLD TITLE TO REAL PROPERTY AND REMIT INCOME LESS CASH RESERVES TO STOWERS RESOURCE MANAGEMENT INC. ("SRM"), ITS EXEMPT PARENT. 4 1 0 1 0 0 0 0 2230551 1115275 -4415 86 0 0 2226136 1115361 0 0 0 0 0 0 0 0 0 952152 532346 952152 532346 1273984 583015 10889842 10371421 0 1115410 10889842 9256011 SEE SCHEDULE O false false PER MISSION DESCRIBED IN FORM 990, PART III, LINE 1, SREHC ACTIVITIES ARE CONSISTENT WITH ITS EXEMPT PURPOSE WITHIN THE MEANING OF CODE SECTION 501(C)(2) TITLE HOLDING COMPANY. SREHC WAS INITIALLY FUNDED BY ITS TAX EXEMPT PARENT, SRM. DURING 2009, SREHC COMPLETED BUILDING RENOVATIONS ON PROPERTY RECEIVED AS A CONTRIBUTION IN 2008. THE RENOVATIONS MADE THE PROPERTY MORE SUITABLE FOR USE BY RELATED PARTIES. SREHC MAY LEASE REAL PROPERTY TO SRM AT COST OR FOR A NOMINAL AMOUNT OR LEASE PROPERTY AT COST TO TAX EXEMPT ORGANIZATIONS THAT ARE SUPPORTED BY SRM OR LEASE PROPERTY TO OTHER RELATED TAX EXEMPT ORGANIZATIONS AND FOR-PROFIT ORGANIZATIONS THAT ARE WHOLLY-OWNED BY RELATED TAX EXEMPT ORGANIZATIONS. SREHC MAY ALSO LEASE REAL PROPERTY TO UNRELATED PARTIES AT FAIR MARKET VALUE. IN 2009, SREHC EXECUTED A LEASE FOR USE OF THE PROPERTY TO STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR"); SIMR IS A RELATED TAX EXEMPT ORGANIZATION THAT IS SUPPORTED BY SRM. SREHC HAD NO OTHER LEASE AGREEMENTS IN PLACE AS OF 6/30/23. 0 false false false false false false false false true false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false true true true false true 0 0 0 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 E 50TH STREET KANSAS CITY MO 64110 CHARLES GERMAN DIRECTOR/SECRETARY 1.0 48.0 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 PENNY M SPENCE DIRECTOR 1.0 50.0 X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 0 0 RENT FROM RELATED TAX EXEMPT ORG 531120 1115275 1115275 0 0 0 0 0 0 1115275 86 0 0 86 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 1115361 1115275 0 86 0 0 0 0 0 0 0 0 0 0 26700 0 0 0 0 0 0 0 0 0 0 58134 0 0 0 0 0 447512 0 0 532346 104943 27260 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6750 23253888 12921144 10780256 10332744 4643 4667 0 0 0 0 0 0 10889842 10371421 0 134 0 0 0 1115276 0 0 0 0 0 0 0 0 0 0 0 0 0 1115410 X 10889842 9256011 0 0 0 0 0 0 0 0 10889842 9256011 10889842 10371421 X 583015 -62 0 0 0 -2216784 X false true X true false 2852421 2852421 20401467 12921144 7480323 10332744 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FIN 48 FINANCIAL STATEMENT FOOTNOTE FROM THE CONSOLIDATED STATEMENTS OF STOWERS INSTITUTE FOR MEDICAL RESEARCH AND ITS RELATED ORGANIZATIONS, COLLECTIVELY ("THE INSTITUTE"), OF WHICH SREHC'S EXEMPT PARENT, SRM, 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. Form 990, Part III, Line 1 ORGANIZATION MISSION STOWERS REAL ESTATE HOLDING CORPORATION ("SREHC"), A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(2) OF THE CODE, IS ORGANIZED TO HOLD TITLE TO REAL PROPERTY, COLLECT THE INCOME THEREFROM, AND REMIT THE ENTIRE AMOUNT, LESS EXPENSES AND REASONABLY NECESSARY CASH RESERVES TO ITS TAX EXEMPT PARENT CORPORATION, STOWERS RESOURCE MANAGEMENT INC. ("SRM"). SRM IS A TAX EXEMPT SUPPORTING ORGANIZATION UNDER SECTION 501(C)(3) AND 509(A)(3) OF THE CODE. SRM IS THE SOLE MEMBER OF SREHC AND WILL CONTROL SREHC TO INSURE SREHC ACTIVITIES ARE CONSISTENT WITH SREHC'S EXEMPT PURPOSE WITHIN THE MEANING OF A CODE SECTION 501(C)(2) TITLE HOLDING COMPANY. Form 990, Part VI, Line 6 LINE 7A & LINE 7B SRM IS SREHC'S SOLE MEMBER AND ELECTS SREHC'S BOARD OF DIRECTORS. SRM ALSO HAS THE RIGHT TO REMOVE, WITH OR WITHOUT CAUSE, ONE OF MORE DIRECTORS. Form 990, Part VI, Line 15a AND LINE 15B PENNY M. SPENCE, CHARLES GERMAN AND RICHARD W. BROWN ARE COMPENSATED BY A RELATED ORGANIZATION, SRM, FOR THE SERVICES PERFORMED IN THEIR OFFICIAL CAPACITY FOR SRM. Form 990, Part VI, Line 2 BUSINESS RELATIONSHIPS DAVID A. WELTE, CHARLES GERMAN, AND RICHARD W. BROWN, DIRECTORS OF SREHC, HAVE A BUSINESS RELATIONSHIP. PENNY M. SPENCE, CHARLES GERMAN, AND RICHARD W. BROWN, DIRECTORS OF SREHC, HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Line 11b Review of form 990 by governing body THE DATA AND INFORMATION NECESSARY TO PREPARE SREHC'S FORM 990 IS COMPILED BY THE ORGANIZATION'S ACCOUNTING SUPPORT TEAM AND THEN REVIEWED BY THE INSTITUTE'S TAX ATTORNEY AT BRYAN CAVE LEIGHTON PAISNER, LLP. FORVIS, LLP, THE INSTITUTE'S EXTERNAL TAX PREPARERS, 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 SREHC 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 SREHC (EACH, A "COVERED PERSON") ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A DISCLOSURE STATEMENT THAT IS PART OF THE POLICY. ALSO, A COVERED PERSON MUST DISCLOSE THE EXISTENCE OF A POTENTIAL CONFLICT AND ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS OR GOVERNANCE COMMITTEE 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. SREHC 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 XI, Line 9 Other changes in net assets or fund balances CASH TRANSFERRED TO SRM, PARENT - -2216784; STOWERS RESOURCE MANAGEMENT 1000 EAST 50TH STREET KANSAS CITY MO 64110 412186719 SUPPORT ORG DE 501(c)(3) Type I SIMR 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 SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(c)(3) Type I SIMR true STOWERS POLICY INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 203270502 SEE PART VII DE 501(c)(4) SIMR false BIOMED VALLEY CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 743238244 SUPPORT ORG DE 501(c)(3) Type 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 INVESTMENT HOLDING CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 920365628 TITLE HOLDING DE 501(c)(2) SRM SPI false BIOMED VALLEY DISCOVERIES INC 4435 MAIN ST SUITE 550 KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C Corporation true false false false false false false false false false true false false false true true false false true false STOWERS RESOURCE MANAGEMENT R 2216784 FMV Schedule R, Part II, 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, FACILITATES, AND PROTECTS THAT RESEARCH AND THOSE THERAPIES AND CURES. Schedule R, Part IV, Column (b) BIOMED VALLEY DISCOVERIES, INC.'S ("BVD") PRIMARY ACTIVITY IS THE DEVELOPMENT AND MARKETING OF SCIENTIFIC DISCOVERIES. BIOMED VALLEY CORPORATION ("BVC") IS THE 100% OWNER OF BVD STOCK.