2018-08-10T10:19:59-05:00 2017-12-31 PricewaterhouseCoopers LLP 600 13TH ST NW STE 1000 WASHINGTON DC 20005 990 2017-01-01 412186719 STOWERS RESOURCE MANAGEMENT INC % J SCOTT PETTET STOW 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 RICHARD W BROWN PRESIDENT/CEO 8169264000 2018-08-08 true MICHELLE MICHALOWSKI P00755304 2024141000 2017 2022-09-23 18:48:47Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 276990461 false X WWW.STOWERS.ORG X 2005 DE SRM SUPPORTS THE ACTIVITIES OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") WHICH CONDUCTS BASIC CELL AND MOLECULAR BIOLOGY RESEARCH. 14 7 151 7 0 0 2714532 1307818 25409332 25227551 76639669 111167503 47525 47614 104811058 137750486 80000000 95000000 0 0 18207783 18959502 0 0 734314 18527932 19400171 116735715 133359673 -11924657 4390813 1634891316 2024327697 414836043 391896353 1220055273 1632431344 X SEE SCHEDULE O false false 8135702 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. 24908415 24908415 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 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC BUSINESS PLANS AND BUDGETS. SRM ALSO PROVIDES ADDITIONAL ADMINISTRATIVE AND OPERATION SUPPORT SERVICES TO SIMR THAT INCLUDE HUMAN RESOURCES, ACCOUNTING, INFORMATION TECHNOLOGY, AND OTHER OPERATION SUPPORT ACTIVITIES FOR WHICH SRM ALLOCATED COSTS TO SIMR IN THE AMOUNT OF $24,908,415 IN 2017 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O. 95000000 95000000 319136 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 THEIR 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 2017, SRM PROVIDED $95,000,000 TO SIMR FOR ENDOWMENT SUPPORT. 128044117 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 64 0 true 151 true false false false false false false false false false false X 14 7 true false false false true true false true true false false true true true true true true true true false X J SCOTT PETTET 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 VIRGINIA G STOWERS DIRECTOR 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 ROBERT E PETERSON DIRECTOR 2.0 0.0 X 0 0 0 GINA KAISER DIRECTOR 2.0 0.0 X 0 0 0 LOWELL C KRUSE DIRECTOR 2.0 0.0 X 0 0 0 WILLIAM B NEAVES DIRECTOR 2.0 24.0 X 0 271262 56102 ROBERT E KRUMLAUF DIRECTOR 2.0 41.0 X 0 532371 64232 DAVID M CHAO DIRECTOR 2.0 43.0 X 0 1537787 41442 RICHARD W BROWN DIRECTOR/CHAIR/PRESIDENT/CEO 40.0 7.0 X X 2312275 0 57286 RODERICK L STURGEON DIRECTOR/EVP/CFO 40.0 8.0 X X 1555086 0 60068 DAVID A WELTE DIRECTOR/EVP/GENERAL COUNSEL 40.0 9.0 X X 1326581 0 65268 ALBERZINE FREEMAN DIR/EVP OF ADMIN(THRU 1/15/17) 2.0 4.0 X X 64281 0 3876 JONATHAN THOMAS DIRECTOR 2.0 4.0 X 0 0 0 GEORGE SATTERLEE EVP OF ADMINISTRATION 40.0 0.0 X 299442 0 57499 TIMOTHY J GEARY HEAD OF OPERATIONS & SERVICES 40.0 0.0 X 232376 0 60686 J SCOTT PETTET SR DIR OF FINANCE & CONTROLLER 40.0 0.0 X 216291 0 56592 MICHAEL NEWHOUSE HEAD OF INFORMATION MANAGEMENT 40.0 0.0 X 206829 0 53632 JESSICA WITT HEAD OF RESEARCH SYSTEMS 40.0 0.0 X 155010 0 49128 ALAN HAYES DIR OF FINANCIAL PLANNING & AN 40.0 0.0 X 125806 0 34733 6493977 2341420 660544 19 false true false BRYAN CAVE LLP PO BOX 503089 ST LOUIS MO 631503089 LEGAL SERVICES 417470 AMERICAN CENTURY INVESTMENTS 4500 MAIN STREET KANSAS CITY MO 64111 INDIRECT - SEE SCH 0 900020 PRICEWATERHOUSECOOPERS LLP PO BOX 75647 CHICAGO IL 60675 AUDIT AND TAX SRVCS 246550 ALEXANDER DEAN 1268 BANNER CIRCLE ERIE CO 80516 SOFTWARE DEVEL SRVCS 154721 4 1307818 112275 1307818 REIMB. FROM SIMR 501(C)(3) 900099 24908415 24908415 REIMB. FROM BVD, RELATED ORG 900099 319136 319136 25227551 112357508 0 112357508 0 0 0 0 43958 43958 0 43958 0 43958 138046010 3960 139239975 -1193965 3960 -1190005 0 -1190005 0 0 0 0 0 0 0 0 0 0 0 0 MO TIMELY FILING DISCOUNT 900099 3656 3656 3656 137750486 25227551 0 111215117 95000000 95000000 0 0 0 5801661 5221495 464133 116033 0 9087422 8178680 726994 181748 1273652 1146287 101892 25473 1980852 1782767 158468 39617 815915 734324 65273 16318 0 401076 401076 244050 244050 0 0 998861 998861 1948817 1753935 155906 38976 9135 8221 731 183 441851 397665 35349 8837 734763 661287 58781 14695 0 4185588 3767029 334847 83712 102599 92339 8208 2052 0 358727 322854 28698 7175 4847205 4362485 387776 96944 0 891436 802292 71315 17829 286567 257910 22925 5732 MAINTENANCE EXPENSES 2725639 2453075 218051 54513 OPERATION SUPPLIES 679316 611385 54345 13586 DUES & SUBSCRIPTIONS 292272 263045 23382 5845 NON-CAPITAL EQUIPMENT 131280 118152 10502 2626 120989 108890 9679 2420 133359673 128044117 4581242 734314 0 0 1542407 854653 0 0 0 0 0 0 0 0 18750 18750 0 0 2015100 2098634 10096824 7218659 2989078 2878165 487146293 493036674 1134342910 1519264508 0 0 0 0 6836778 6176313 1634891316 2024327697 6270558 6582434 0 0 75000 55000 290000000 290000000 0 0 0 0 0 0 0 0 118490485 95258919 414836043 391896353 X 1218421057 1630559146 562677 767947 1071539 1104251 1220055273 1632431344 1634891316 2024327697 X 4390813 382523141 25462117 X false true X true false X X X 1 STOWERS INSTITUTE FOR MEDICAL RESEARCH 202993509 4 true 95000000 0 1 95000000 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 4A AND 4B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1634217 858000 226508 846527 1872198 1547034 844000 74656 831473 1634217 1481952 823476 -13778 744616 1547034 2170576 29500 60742 778866 1481952 1881898 1028000 1450 740772 2170576 0.58980 0.41020 false false 53290 26005 27285 10043534 7192654 2850880 2878165 AMERICAN CENTURY CLASS A SHS 1519264508 F 1519264508 0 ANNUITY DEBT TO AFFILIATE 95248919 OTHER LONG TERM LIABILITIES 10000 95258919 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) 95000000 FMV FIXED INCOME SECURIT SEE PART IV 1 0 PART I, LINE 2 SRM'S PURPOSE IS TO SUPPORT THE ACTIVITIES OF SIMR, WHICH CONDUCTS BASIC CELL AYD MOLECULAR BIOLOGY RESEARCH. BESIDES GIVING FINANCIAL SUPPORT TO SIMR, SRM ALSO PROVIDES SUPPORT TO SIMR BY MANAGING SIMR'S ENDOWMENT, PROVIDING MANAGEMENT AND ADMINISTRATIVE SUPPORT, AND OPERATION SUPPORT SERVICES. PART II, LINE (1), COLUMN (H) FINANCIAL SUPPORT TO ASSIST WITH SUPPORT ORGANIZATION'S SCIENTIFIC DISCOVERIES AND GIFT ANNUITY OBLIGATION. X X true true X X X X X false false false false false false false false false WILLIAM B NEAVES DIRECTOR 261577 9685 39535 16567 327364 ROBERT E KRUMLAUF DIRECTOR 528180 4191 40500 23732 596603 DAVID M CHAO DIRECTOR 1527244 10543 40500 942 1579229 RICHARD W BROWN DIRECTOR/CHAIR/PRESIDENT/CEO 2282786 29489 40500 16786 2369561 RODERICK L STURGEON DIRECTOR/EVP/CFO 1449711 105375 40500 19568 1615154 DAVID A WELTE DIRECTOR/EVP/GENERAL COUNSEL 1242446 84135 40500 24768 1391849 TIMOTHY J GEARY HEAD OF OPERATIONS & SERVICES 230198 2178 35369 25317 293062 J SCOTT PETTET SR DIR OF FINANCE & CONTROLLER 214289 2002 32764 23828 272883 MICHAEL NEWHOUSE HEAD OF INFORMATION MANAGEMENT 206167 662 31321 22311 260461 JESSICA WITT HEAD OF RESEARCH SYSTEMS 154717 293 24047 25081 204138 GEORGE SATTERLEE EVP OF ADMINISTRATION 297120 2322 40500 16999 356941 ALAN HAYES DIR OF FINANCIAL PLANNING & AN 125437 369 19094 15639 160539 PART I, LINE 1A: SRM HAS A WRITTEN EMPLOYMENT CONTRACT WITH RICHARD W. BROWN, PRESIDENT, WHICH PROVISIONS INCLUDE PAYMENT OF SOCIAL CLUB DUES AND PERSONAL USE OF AUTO. SRM HAS A WRITTEN EMPLOYMENT CONTRACT WITH RODERICK L. STURGEON, EVP/CFO, WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR PERSONAL USE OF AUTO, TERM LIFE INSURANCE, TAX PLANNING AND TAX RETURN FEES, AND FINANCIAL PLANNING SERVICES. SRM HAS A WRITTEN EMPLOYMENT CONTRACT WITH DAVID A. WELTE, EVP/GENERAL COUNSEL WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR SOCIAL CLUB DUES AND LIFE INSURANCE. ALL TAXABLE BENEFITS ARE TREATED AS COMPENSATION TO THE RECIPIENTS. STURGEON AND WELTE EMPLOYMENT AGREEMENTS ALSO PROVIDE FOR THEM 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 X STEINWAY PIANO 1 112275 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, AND NOT NECESSARILY THE TOTAL NUMBER OF ITEMS CONTRIBUTED. 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). SRMS 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 SIMRS ENDOWMENT, PROVIDES MANAGEMENT SUPPORT, AND FUNDRAISES FOR THEIR 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. THE CONTRIBUTIONS, GRANTS, AND INCOME FROM SRMS 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 CLIFFORD W. ILLIG, JONATHAN THOMAS, WILLIAM B. NEAVES, ALBERZINE FREEMAN, DAVID M. CHAO, RICHARD W. BROWN, RODERICK L. STURGEON, AND DAVID. A. WELTE, ALL DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP. RICHARD W. BROWN, DAVID A. WELTE, WILLIAM B. NEAVES, RODERICK L. STURGEON, VIRGINIA G. STOWERS, JONATHAN THOMAS AND DAVID M. CHAO, ALL DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP. WILLIAM B NEAVES, ROBERT E. KRUMLAUF AND DAVID M. CHAO, DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP. VIRGINIA G. STOWERS 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, LLP. PWC, OUR EXTERNAL TAX PREPARERS, USE 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, EXECUTIVE VICE-PRESIDENT/CHIEF FINANCIAL OFFICER AND EXECUTIVE VICE-PRESIDENT/GENERAL COUNSEL 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 ALL LISTED POSITIONS WAS IN 2016. THERE HAVE NOT BEEN ANY CHANGES IN RELEVANT PERSONNEL SUBSEQUENT TO THE LAST REVIEW. PART VI, 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, AND DAVID A. WELTE, 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. 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 LIQUID 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, LINE 2A SRM RECEIVED EXPENSE REIMBURSEMENTS FROM SIMR, A 501(C)(3) RELATED ORGANIZATION, IN THE AMOUNT OF $24,908,415 FOR SUPPORT SERVICES PROVIDED BY SRM. PART VIII, LINE 2B SRM RECEIVED EXPENSE REIMBURSEMENTS FROM BVD, A RELATED PARTY, IN THE AMOUNT OF $319,136 FOR ADMINISTRATIVE SUPPORT SERVICES PROVIDED BY SRM. SRM ALLOCATED THE COSTS OF PROVIDING THESE SERVICES TO BVD. PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES EQUITY TRANSFERS FROM RELATED 501(C)(2) ORG (NOTE 1) 2,230,551 UNREALIZED GAIN ON INTEREST RATE SWAP 18,107,601 ANNUITY PAYMENT TO SIMR 15,000,000 ACTUARIAL CHANGE IN ANNUITY OBLIGATION (9,876,035) -------------- OTHER CHANGES IN NET ASSETS 25,462,117. 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 $2,230,551 OF NET INCOME FROM SREHC. STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 203270502 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-TYPE I SIMR false STOWERS SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(C)(3) 12A-TYPE 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 (MO) 1000 EAST 50TH STREET KANSAS CITY MO 64110 464588696 EDUCATION MO 501(C)(3) 2 SIMR false BIOMED VALLEY DISCOVERIES INC 1000 EAST 50TH STREET KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C CORP false 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 2230551 SEE PART VII PART II, LINE (5), COLUMN (B) STOWERS POLICY INSTITUTE INC. ("SPI") IS AN ADVOCATE FOR A POLITICAL, ECONOMIC, AND SOCIAL ENVIRONMENT THAT ADVANCES AND PROTECTS BIOMEDICAL RESEARCH AND CURES. PART IV, LINE (1), COLUMN (B) BIOMED VALLEY DISCOVERIES INC.'S PRIMARY ACTIVITY IS THE DEVELOPMENT AND MARKETING OF SCIENTIFIC DISCOVERIES. BIOMED VALLEY CORPORATION IS 100% SHAREHOLDER OF BVD. 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-THRU 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 $2,230,551 OF NET INCOME FROM SREHC.