2024-04-26T04:48:18+00:00 2023-06-30 440160260 FORVIS LLP 1201 WALNUT ST STE 1700 KANSAS CITY MO 641062246 990 2023-01-01 412186719 Stowers Resource Management 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 2024-05-15 2022 2023-04-26 12:10:37Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 93607240 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 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. 17 11 0 11 0 0 1327509 1179772 34479093 17270334 109843532 2498256 30362 15264 145680496 20963626 43020500 44067843 0 0 23207359 12144951 0 0 230392 24007190 12466483 90235049 68679277 55445447 -47715651 1809838380 1754575141 298067990 296515132 1511770390 1458060009 SEE SCHEDULE O false false 44067843 44067843 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. SRM PROVIDED $35,067,843 TO SIMR, A RELATED 501(C)(3) ORGANIZATION, FOR ENDOWMENT SUPPORT AND $9,000,000 TO BIOMED VALLEY CORPORATION ("BVC"), A RELATED 501(C)(3) CORPORATION, FOR ENDOWMENT SUPPORT. 17270334 0 17270334 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 $16,936,407 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O. 3464851 0 0 MANAGEMENT OF ENDOWMENT - SRM PARTICIPATES IN THE MANAGEMENT OF SIMR AND GSSIMR TO ENSURE THEIR FINANCIAL ABILITY TO CONTINUE IN PERPETUITY. 64803028 true true 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 false true false false false false false false false false false false false false false false false true true true true false true 0 0 0 false false false false false false false false false false false false X 17 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 CHARLES GERMAN DIRECTOR/EVP/GENERAL COUNSEL 40.0 9.0 X X 0 0 0 GEORGE L SATTERLEE DIRECTOR /EVP/HR 40.0 2.0 X X 0 0 0 RICHARD W BROWN DIR/CHAIR/PRES/CEO 40.0 9.0 X X 0 0 0 ALBERZINE FREEMAN DIRECTOR 2.0 4.0 X 0 0 0 ALEJANDRO SNCHEZ ALVARADO DIRECTOR 2.0 42.0 X 0 0 0 BRENT KREIDER DIRECTOR 2.0 42.0 X 0 0 0 CICI ROJAS DIRECTOR 2.0 0.0 X 0 0 0 CLIFFORD W ILLIG DIRECTOR 2.0 2.0 X 0 0 0 DAVID A WELTE DIRECTOR 2.0 7.0 X 0 0 0 GINA KAISER DIRECTOR 2.0 0.0 X 0 0 0 JAMES E STOWERS III DIRECTOR 2.0 0.0 X 0 0 0 JOHN BLUFORD DIRECTOR 2.0 0.0 X 0 0 0 JONATHAN THOMAS DIRECTOR 2.0 4.0 X 0 0 0 JULIE WILSON DIRECTOR 2.0 0.0 X 0 0 0 KAUSIK SI DIRECTOR AS OF 6/27/23 2.0 40.0 X 0 0 0 MAURICE WATSON DIRECTOR 2.0 0.0 X 0 0 0 PAM LOKKEN DIRECTOR 2.0 0.0 X 0 0 0 PENNY M SPENCE EVP/CFO 40.0 11.0 X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 0 1179772 0 1179772 REIMB. FROM SIMR, RELATED 501(C)(3) 900099 16936407 16936407 0 0 REIMB. FROM BVD, RELATED C CORP 900099 299500 299500 0 0 REIMB. FROM GSSIMR, RELATED 501(C)(3) 900099 17854 17854 0 0 REIMB. FROM SPI, RELATED 501(C)(4) 900099 16573 16573 0 0 0 0 0 0 17270334 8964852 0 0 8964852 0 0 0 0 0 0 0 0 13177 0 0 0 13177 0 13177 13177 66170304 6714 72643614 0 -6473310 6714 -6466596 0 0 -6466596 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISSOURI TIMELY FILING DISCOUNT 900099 2087 0 0 2087 0 0 0 0 0 0 0 0 0 0 0 0 2087 20963626 17270334 0 2513520 44067843 44067843 0 0 0 0 0 0 3029287 2726358 272636 30293 0 0 0 0 6283918 5655526 565553 62839 1019759 917783 91778 10198 1242351 1118116 111812 12423 569636 512672 51267 5697 0 0 0 0 795060 0 795060 0 234415 0 234415 0 0 0 0 0 0 0 542863 0 542863 0 1403022 1262720 126272 14030 54408 48967 4897 544 159574 143617 14362 1595 376072 338465 33846 3761 0 0 0 0 1991479 1792331 179233 19915 83381 75043 7504 834 0 0 0 0 84969 76472 7647 850 1439337 1295403 129540 14394 0 0 0 0 1101581 991423 99142 11016 277577 249819 24982 2776 MAINTENANCE EXPENSES 2705498 2434948 243495 27055 OPERATION SUPPLIES 412349 371114 37111 4124 DUES & MEMBERSHIPS 280232 252209 25221 2802 SEC. 4960 EXCISE TAX 131628 118465 11847 1316 393038 353734 35374 3930 68679277 64803028 3645857 230392 0 0 0 0 0 0 3487168 572671 0 0 0 0 0 0 0 0 0 0 0 0 2369762 2274639 18997710 15229445 4336397 3768265 553464856 517106372 1226612683 1216690639 0 19567514 14162555 1809838380 1754575141 7381752 6139667 290000000 290000000 0 0 686238 375465 298067990 296515132 X 1509141460 1456190198 2628930 1869811 1511770390 1458060009 1809838380 1754575141 X -47715651 -8211514 2216784 X false true X true false X X X 2 STOWERS INSTITUTE FOR MEDICAL RESEARCH 202993509 4 true 35067843 0 THE GRADUATE SCHOOL OF THE STOWERS INST FOR MEDICAL RESEARCH 464588696 2 true 0 0 2 35067843 0 true false false false false false false false false false false false false false false true false Schedule A, Part I, Line 12g(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 2628930 0 164228 923347 1869811 3101401 850000 -363484 958987 2628930 2960161 940000 273536 1072296 3101401 2762282 849000 295213 946334 2960161 1741646 1690980 319789 990133 2762282 0.7612 0.2388 false false 53290 41608 11682 18944420 15187837 3756583 3768265 AMERICAN CENTURY CLASS A SHARES 1216690639 F 1216690639 COMPENSATION EXCISE TAX 131628 OPERATING LEASE LIABILITY 233837 OTHER LONG-TERM LIABILITY 10000 375465 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 (ASC 740) footnote 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 STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 E 50TH STREET KANSAS CITY MO 64110 202993509 501(C)(3) 67843 35000000 FMV FIXED INC SECURITIES SEE PART IV BIOMED VALLEY CORPORATION 1000 E 50TH STREET KANSAS CITY MO 64110 743238244 501(C)(3) 9000000 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 2 (h) FINANCIAL SUPPORT TO ASSIST WITH BVC'S EXEMPT PURPOSE TO SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION, SIMR. Schedule I, Part II, Line 1 (H) FINANCIAL SUPPORT TO ASSIST WITH SUPPORTED ORGANIZATION'S SCIENTIFIC DISCOVERIES. A HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS34 2015-03-31 75000000 false false false B HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS42 2015-03-31 75000000 false false false C HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS59 2015-03-31 75000000 false false false D HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS67 2015-03-31 65000000 false false false A 75000000 75000000 2000 false true true true B 75000000 75000000 2000 false true true true C 75000000 75000000 2000 false true true true D 65000000 65000000 2000 false true true true A 0.0 B 0.0 C 0.0 D 0.0 A false true false false false false true B false true false false false false true C false true false false false false true D false true false false false false true A true B true C true D true Schedule K, 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 2B 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. Schedule K, Part I $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. Form 990, Part III, Line 1 ORGANIZATION'S MISSION 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, Line 1a DELEGATED AUTHORITY 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, Line 2 BUSINESS RELATIONSHIPS RICHARD W. BROWN, DAVID A. WELTE, ALEJANDRO SANCHEZ 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, KAUSIK SI, AND ALEJANDRO SANCHEZ ALVARADO, DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Line 6 7A & 7B - SOLE MEMBER AND GOVERNANCE DECISIONS 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, Line 15a & 15B - REASONABLENESS OF COMPENSATION THE PROCESS FOR DETERMINING THE REASONABLENESS OF THE COMPENSATION FOR SRM'S PRESIDENT, EXECUTIVE VICE-PRESIDENT/GENERAL COUNSEL, AND EXECUTIVE VICE-PRESIDENT/CFO 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 THE PRESIDENT AND EXECUTIVE VICE-PRESIDENT/GENERAL COUNSEL 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. THE EXECUTIVE VICE-PRESIDENT/CFO REVIEW WAS COMPLETED IN 2023. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 19 Required documents available to the public 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, PENNY M. SPENCE AND CHARLES GERMAN, OFFICERS 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 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 VIII, Line 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 OTHER CHANGES IN NET ASSETS OR FUND BALANCES 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 $2,216,784 OF NET INCOME FROM SREHC. Form 990, Part XI, Line 9 Other changes in net assets or fund balances EQUITY TRANSFERS FROM RELATED 501(C)(2) ORG (NOTE 1) - 2216784; STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 202993509 MED RESEARCH DE 501(c)(3) 4 N/A false STOWERS REAL ESTATE HOLDING CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 261472230 TITLE HOLDING DE 501(c)(2) SRM true BIOMED VALLEY CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 743238244 SUPPORT ORG DE 501(c)(3) Type I SIMR true 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 INC 1000 EAST 50TH STREET KANSAS CITY MO 64110 203270502 SEE PART VII DE 501(c)(4) 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) SRMSPI false BIOMED VALLEY DISCOVERIES INC 4435 MAIN ST SUITE 550 KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C Corporation 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 2216784 SEE PART VII BIOMED VALLEY DISCOVERIES Q 299500 SEE PART VII BIOMED VALLEY CORPORATION B 9000000 MARKET VALUE Schedule R, Part II Line 5, 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 LINE (1), 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. Schedule R, Part V Line 2 SRM PROVIDES RESOURCES AND SERVICES TO ITS RELATED ORGANIZATIONS DESCRIBED IN PART II AND PART IV 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 $2,216,784 OF NET INCOME FROM SREHC DURING THE PERIOD JANUARY 1, 2023 THROUGH JUNE 30, 2023. 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 $299,500 DURING THE PERIOD JANUARY 1, 2023 THROUGH JUNE 30, 2023 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2B. Schedule R, Part V LINE 2(3) SRM TYPE B, SRM PROVIDED FINANCIAL SUPPORT TO BIOMED VALLEY CORPORATION ("BVC"), A SUPPORTING ORGANIZATION OF SIMR, TO BE USED BY BVC IN FURTHERANCE OF BVC'S EXEMPT PURPOSE.