2022-09-26T10:35:37-05:00 2021-12-31 PricewaterhouseCoopers LLP 655 NEW YORK AVE NW SUITE 1100 WASHINGTON DC 20001 990 2021-01-01 412186719 STOWERS RESOURCE MANAGEMENT INC % KATY GRAHAM STOW 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 RICHARD W BROWN PRESIDENT 8169264000 2022-09-19 true RICHARD W BROWN 999009999 TRAVIS L PATTON P00369623 2024141000 2022-09-19 3 2021 2022-09-23 18:48:47Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 378198402 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. 16 10 174 10 0 0 1051357 3639423 28759956 31491121 111827067 179329489 44469 30853 141682849 214490886 93000000 141000000 0 0 22750888 22287894 0 0 423347 21752020 22073565 137502908 185361459 4179941 29129427 1882453562 2385097265 381379493 297948767 1501074069 2087148498 X SEE SCHEDULE O false false 141000000 141000000 476420 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 2021, SRM PROVIDED $120,000,000 TO SIMR FOR ENDOWMENT SUPPORT AND $21,000,000 TO BIOMED VALLEY CORPORATION ("BVC"), A RELATED 501(C)(3) ORGANIZATION, FOR ENDOWMENT SUPPORT. 31014701 0 31014701 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 THAT INCLUDES ACCOUNTING, FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, AND OTHER SUPPORT ACTIVITIES, FOR WHICH SRM ALLOCATED COSTS TO SIMR IN THE AMOUNT OF $31,014,701 IN 2021 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O. 7086401 0 0 MANAGEMENT OF ENDOWMENT - SRM PARTICIPATES IN THE MANAGEMENT OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") TO INSURE SIMR'S FINANCIAL ABILITY TO CONTINUE ITS RESEARCH EFFORTS IN PERPETUITY. 179101102 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 true false false false false true true true false false true 80 0 true 174 true false false false false false false false false false false true false X 16 10 true false false false true true false 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 8.0 X X 2781337 0 64732 CHARLES GERMAN DIR AS OF 1/1/2021/EVP/GEN CNS 40.0 8.0 X X 1038823 0 64816 RODERICK L STURGEON EVP/CFO THRU 5/2/2021/DIR 20.0 9.0 X X 965700 0 51556 BRENT KREIDER DIR AS OF 8/10/21/COO 2.0 42.0 X X 0 701832 70346 GEORGE SATTERLEE EVP/HUMAN RESOURCES 40.0 2.0 X 441618 0 64997 PENNY SPENCE EVP/CFO AS OF 5/3/21 40.0 6.0 X 429850 0 60029 PATRICK MITCHELL JR VP OF HUMAN RESOURCES 40.0 0.0 X 339239 0 72087 TIMOTHY J GEARY DIR OF OPS & SERVICES 40.0 0.0 X 264525 0 62903 DAVID A WELTE DIRECTOR 2.0 6.0 X 274814 0 46022 MICHAEL NEWHOUSE DIRECTOR OF IT OPERATION 40.0 0.0 X 244893 0 65371 JESSICA WITT DIR OF IT APPL & DVLPMT 40.0 0.0 X 218302 0 52566 TONYEA R INGLIS DIR OF EHS QTY & REG SYS 40.0 0.0 X 201304 0 60129 ALEJANDRO SANCHEZ ALVARADO DIRECTOR 2.0 42.0 X 0 163091 16328 VIRGINIA G STOWERS DIRECTOR THRU 6/5/2021 2.0 2.0 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 AS OF 5/3/2021 2.0 0.0 X 0 0 0 7200405 864923 751882 29 false true false AMERICAN CENTURY INVESTMENTS 4500 MAIN ST KANSAS CITY MO 64111 INDIRECT - SEE SCH O 1053417 BRYAN CAVE LEIGHTON PAISNER LLP PO BOX 503089 ST LOUIS MO 63150 LEGAL SERVICES 547684 PARRIS COMMUNICATIONS 4510 BELLEVIEW STE 110 KANSAS CITY MO 64111 COMMUNICATION SRVCS 451211 PRICEWATERHOUSECOOPERS LLP PO BOX 75647 CHICAGO IL 60675 AUDIT AND TAX SRVCS 264599 VICTOR AARMESTO 610 N 9TH SAINT MARYS KS 66536 MAINT.& REPAIR SRVCS 259850 9 X 2355848 1283575 3294848 3639423 REIMB. FROM SIMR, RELATED 501(C)(3) 900099 31014701 31014701 REIMB. FROM BVD, RELATED C CORP 900099 448873 448873 REIMB. FROM GSSIMR, RELATED 501(C)(3) 900099 23617 23617 REIMB. FROM SPI, RELATED 501(C)(4) 900099 3930 3930 31491121 177885357 0 177885357 0 0 26354 26354 0 26354 26354 165100000 51648 163693068 14448 1406932 37200 1444132 1444132 0 0 0 0 0 0 0 0 0 MISSOURI TIMELY FILING DISCOUNT 900099 4499 4499 4499 214490886 31491121 0 179360342 141000000 141000000 0 0 0 6036072 5432465 543246 60361 0 11100248 9990223 999022 111003 1687290 1518560 151856 16874 2378548 2140693 214069 23786 1085736 977162 97716 10858 0 791197 791197 287476 287476 0 0 948225 948225 2996296 2696665 269667 29964 42964 38667 3867 430 337497 303747 30375 3375 484239 435815 43582 4842 0 3606374 3245737 324574 36063 82701 74432 7443 826 0 93827 84444 8444 939 2866554 2579899 257990 28665 0 2167750 1950975 195098 21677 519415 467474 46747 5194 MAINTENANCE EXPENSES 4358368 3922531 392253 43584 OPERATION SUPPLIES 950440 855395 85540 9505 DUES & MEMBERSHIPS 648818 583936 58394 6488 SEC. 4960 EXCISE TAX 246684 222016 22202 2466 644740 580266 58027 6447 185361459 179101102 5837010 423347 0 0 1038933 926542 0 0 0 0 0 0 0 0 0 0 0 0 2400124 2369774 17923523 11549690 6652661 6373833 505505172 528104386 1358364804 1836698135 0 0 0 0 8491868 10624595 1882453562 2385097265 7136398 6798172 0 0 0 0 290000000 290000000 0 0 0 0 1753524 893911 0 0 82489571 256684 381379493 297948767 X 1498113908 2084047097 2960161 3101401 1501074069 2087148498 1882453562 2385097265 X 29129427 471757370 0 0 0 85187632 X false true X true false X X X 1 STOWERS INSTITUTE FOR MEDICAL RESEARCH 202993509 4 true 120000000 0 1 120000000 0 true false false false false false false false false false false false false false false true false PART I, LINE 12G, COLUMN (VI) SRM PROVIDES A WIDE-RANGE OF SERVICES AND SUPPORT TO SIMR AS EXPLAINED IN PART III PROGRAM SERVICES, LINES 4B AND 4C. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2960161 940000 273536 1072296 3101401 2762282 849000 295213 946334 2960161 1741646 1690980 319789 990133 2762282 1872198 907000 -117418 920134 1741646 1634217 858000 226508 846527 1872198 0.40510 0.59490 false false 53290 38137 15153 17870233 11511553 6358680 6373833 AMERICAN CENTURY CLASS A SHS 1836698135 F 1836698135 0 COMPENSATION EXCISE TAX 246684 OTHER LONG TERM LIABILITIES 10000 256684 X 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). 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 STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 E 50TH ST KANSAS CITY MO 64110 202993509 501(C)(3) 120000000 FMV FIXED INCOME SECURIT SEE PART IV BIOMED VALLEY CORPORATION 1000 E 50TH ST KANSAS CITY MO 64110 743238244 501(C)(3) 21000000 FMV FIXED INCOME SECURIT SEE PART IV 2 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. PART II, LINE (1), COLUMN (H) FINANCIAL SUPPORT TO ASSIST WITH SUPPORT ORGANIZATION'S SCIENTIFIC DISCOVERIES AND GIFT ANNUITY OBLIGATION. PART II, LINE (2), COLUMN (H) FINANCIAL SUPPORT TO ASSIST WITH BVC'S EXEMPT PURPOSE TO SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION. X X true true X X X X X false false false false false false false false false RICHARD W BROWN DIR/CHAIR/PRES/CEO 2741256 0 0 0 40081 0 43500 0 21232 0 2846069 0 0 0 CHARLES GERMAN DIR AS OF 1/1/2021/EVP/GEN CNS 1023364 0 0 0 15459 0 43500 0 21316 0 1103639 0 0 0 RODERICK L STURGEON EVP/CFO THRU 5/2/2021/DIR 898077 0 0 0 67623 0 43500 0 8056 0 1017256 0 0 0 BRENT KREIDER DIR AS OF 8/10/21/COO 0 692622 0 0 0 9210 0 43500 0 26846 0 772178 0 0 GEORGE SATTERLEE EVP/HUMAN RESOURCES 439296 0 0 0 2322 0 43500 0 21497 0 506615 0 0 0 PENNY SPENCE EVP/CFO AS OF 5/3/21 429040 0 0 0 810 0 43500 0 16529 0 489879 0 0 0 PATRICK MITCHELL JR VP OF HUMAN RESOURCES 338429 0 0 0 810 0 43500 0 28587 0 411326 0 0 0 TIMOTHY J GEARY DIR OF OPS & SERVICES 260961 0 0 0 3564 0 39906 0 22997 0 327428 0 0 0 DAVID A WELTE DIRECTOR 274814 0 0 0 0 0 41327 0 4695 0 320836 0 0 0 MICHAEL NEWHOUSE DIRECTOR OF IT OPERATION 243713 0 0 0 1180 0 37186 0 28185 0 310264 0 0 0 JESSICA WITT DIR OF IT APPL & DVLPMT 217847 0 0 0 455 0 33481 0 19085 0 270868 0 0 0 TONYEA R INGLIS DIR OF EHS QTY & REG SYS 200346 0 0 0 958 0 30858 0 29271 0 261433 0 0 0 ALEJANDRO SANCHEZ ALVARADO DIRECTOR 0 108849 0 0 0 54242 0 16328 0 0 0 179419 0 0 PART I, LINE 1A: 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 CONTRACT WITH RODERICK L. STURGEON (EVP/CFO), WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR PERSONAL USE OF AN AUTOMOBILE, TERM LIFE INSURANCE, TAX PLANNING AND TAX RETURN FEES, AND FINANCIAL PLANNING SERVICES. SRM HAS A WRITTEN EMPLOYMENT AGREEMENT WITH CHARLES GERMAN (EVP/GENERAL COUNSEL), WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR PROFESSIONAL AND SOCIAL CLUB DUES. ALL TAXABLE BENEFITS ARE TREATED AS COMPENSATION TO THE RECIPIENTS. STURGEON'S EMPLOYMENT AGREEMENT ALSO PROVIDES FOR HIM TO RECEIVE TAX GROSS-UP PAYMENTS SUFFICIENT TO COVER THE TAXES ON THE TAXABLE BENEFITS. 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. 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. 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. 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. 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. X 2 3294848 FAIR MARKET VALUE false true false PART I, COLUMN (B): THE AMOUNT SHOWN IN PART I, COLUMN (B) FOR "NUMBER OF CONTRIBUTIONS" REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. 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 ORGANIZATION. SRM CURRENTLY SUPPORTS STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR"). 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. SRM 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 AND BUDGETS. SRM ALSO PROVIDES ADDITIONAL ADMINISTRATIVE AND OPERATIONAL SUPPORT SERVICES TO SIMR 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. PART VI, 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. PART VI, LINE 2: RICHARD W. BROWN, DAVID A. WELTE, ALEJANDRO SANCHEZ ALVARADO, VIRGINIA G. STOWERS THROUGH 6/5/2021, 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, RODERICK L. STURGEON AND CHARLES GERMAN, ALL DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP. BRENT KREIDER AND ALEJANDRO SANCHEZ ALVARADO, DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP. VIRGINIA G. STOWERS THROUGH 6/5/2021 AND JAMES E. STOWERS III, DIRECTORS OF SRM, HAVE A FAMILY RELATIONSHIP. PART VI, LINES 6 & 7A: SIMR IS SRM'S SOLE MEMBER AND ELECTS SRM'S BOARD OF DIRECTORS. PART VI, 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. PWC, 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. PART VI, 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. 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. PART VI, LINES 15A & 15B: THE PROCESS FOR DETERMINING THE REASONABLENESS OF THE COMPENSATION FOR SRM'S PRESIDENT, BOTH EXECUTIVE VICE-PRESIDENT'S/GENERAL COUNSEL, AND VICE-PRESIDENT OF SCIENCE COMMUNICATION 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 ALL 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. PART VI, SECTION C, LINE 19: STOWERS RESOURCE MANAGEMENT INC.'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART VII, SECTION A, COLUMN B: RICHARD W. BROWN, RODERICK L. STURGEON THROUGH 5/2/2021, PENNY SPENCE AS OF 5/3/2021 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 ORGANZIATIONS. 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 LIQUUID INVESTMENTS, SRM NOT ONLY SELECTED A HIGH QUALITY MUTUAL FUND COMPANY WITH AN 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. 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. PART XI, LINE 9: OTHER CHANGES IN NET ASSETS OR FUND BALANCES EQUITY TRANSFERS FROM RELATED 501(C)(2) ORG (NOTE 1) $2,154,551 UNREALIZED GAIN ON INTEREST SWAP 2,144,976 ANNUITY PAYMENT TO SIMR 15,000,000 ACTUARIAL CHANGE IN ANNUITY OBLIGATION (NOTE 2) 65,888,105 ---------------- OTHER CHANGES IN NET ASSETS $85,187,632. 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 $2,154,551 OF NET INCOME FROM SREHC. NOTE 2: IN MARCH 2001, THE INSTITUTE RECEIVED AN UNRESTRICTED CONTRIBUTION OF SHARES OF ACCI CLASS A NON-TRADED COMMON STOCK WITH AN APPRAISED VALUE OF $1,160,409,000 FROM THE INSTITUTE'S CO-FOUNDERS, JIM AND VIRGINIA STOWERS, IN EXCHANGE FOR AN ANNUITY PAYABLE TO THE DONORS WITH THE PAYMENTS CONTINUING THROUGHOUT THE LIFE OF THE LAST SURVIVING DONOR. IN MARCH 2014, JIM STOWERS PASSED AWAY LEAVING VIRGINIA STOWERS AS A SOLE RECIPIENT OF THE ANNUAL ANNUITY PAYMENT. IN JUNE 2021, VIRGINIA STOWERS PASSED AWAY. AS SHE WAS THE SOLE RECIPIENT OF THE ANNUAL ANNUITY PAYMENT, HER PASSING EXTINGUISHED THE ANNUITY LIABILITY. STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 202993509 MEDICAL RSRCH 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 false STOWERS SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(C)(3) 12A, I SIMR false 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 false BIOMED VALLEY DISCOVERIES INC 4435 MAIN ST SUITE 550 KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C CORP false false true true false false false false false false false false false false true true true true false true STOWERS REAL ESTATE HOLDING CORPORATION S 2154551 SEE PART VII 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. PART IV, LINE (1), COLUMN (B): BIOMED VALLEY DICOVERYIES, INC'S ("BVD") PRIMARY ACTIVITY IS THE DEVELOPMENT AND MARKETING OF SCIENTIFIC DISCOVERIES. BIOMED VALLEY CORPORATION ("BVC") IS THE 100% OWNER OF BVD STOCK. 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. PART V, LINE 2,(1)(D): STOWERS REAL ESTATE HOLDING CORPORATION ("SREHC") IS A CONTROLLED ENTITY WITHIN THE MEANING OF 512(B)(13). HOWEVER, SREHC MADE NO SPECIFIED PAYMENTS TO SRM. RATHER, SRM RECEIVED PASS-THROUGH AMOUNTS FROM SREHC. 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 $2,154,551 OF NET INCOME FROM SREHC IN 2021.