2014-08-13T13:29:44-05:00 2013-12-31 PricewaterhouseCoopers LLP 600 13TH STREET NW SUITE 1000 WASHINGTON DC 20005 990 2013-01-01 412186719 STOWERS RESOURCE MANAGEMENT INC % J SCOTT PETTET STOW 8169264000 1000 EAST 50TH STREET Suite KANSAS CITY MO 64110 RICHARD W BROWN PRESIDENT & CEO 8169264000 2014-08-13 true 2024141000 2013 2015-11-30 17:44:51Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 247010637 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 5 147 8 0 29217806 28855039 19103094 20005499 58991839 77163850 31817 48535 107344556 126072923 147000000 90000000 0 0 15622783 16221490 0 0 566383 12956727 13215925 175579510 119437415 -68234954 6635508 1221717886 1661318838 201764686 190791172 1019953200 1470527666 X SEE SCHEDULE O false false 17841007 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. 7646146 19786807 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 $19,786,807 IN 2013 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O. 90000000 90000000 218692 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 2013, SRM PROVIDED $90,000,000 TO SIMR FOR ENDOWMENT SUPPORT. 115487153 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 true false false false false false true true true false false true 46 0 true 147 true false false false false false false false false false false X 14 5 true false false false true true false true true false false true true true true true true true true false CA X J SCOTT PETTET 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 JAMES E STOWERS JR DIRECTOR (DECEASED 3/17/14) 2.0 4.0 X 0 0 0 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 ALLAN J HUBER DIRECTOR 2.0 0.0 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 46.0 X 0 464457 51879 ROBERT E KRUMLAUF DIRECTOR 2.0 42.0 X 0 474320 54356 DAVID M CHAO DIRECTOR 2.0 44.0 X 0 1261392 39570 RICHARD W BROWN DIRECTOR/CHAIR/PRESIDENT/CEO 40.0 10.0 X X 1907783 0 50527 RODERICK L STURGEON DIRECTOR/EVP/CFO 40.0 12.0 X X 1274267 0 53258 DAVID A WELTE DIRECTOR/EVP/GENERAL COUNSEL 40.0 14.0 X X 1093867 0 56669 ALBERZINE FREEMAN VP OF ADMINISTRATION 40.0 0.0 X 289892 0 47978 TIMOTHY JGEARY HEAD OF OPERATIONS & SERVICES 40.0 0.0 X 206855 0 50407 J SCOTT PETTET DIR OF FINANCE & ACCOUNTING 40.0 0.0 X 181505 0 45314 MICHAEL NEWHOUSE HEAD OF INFORMATION MANAGEMENT 40.0 0.0 X 182818 0 43505 REGINA KIRCHWEGER HEAD OF SCIENCE COMMUNICATIONS 40.0 0.0 X 122315 0 30959 JOSEPH D CARPENTER HEAD OF SECURITY 40.0 0.0 X 120152 0 31944 5379454 2200169 556366 18 false true false BRYAN CAVE LLP PO BOX 503089 ST LOUIS MO 631503089 LEGAL SERVICES 220336 PARRIS COMMUNICATIONS 4510 BELLEVIEW SUITE 110 KANSAS CITY MO 64111 PROFESSIONAL SRVCS 174283 AMERICAN CENTURY INVESTMENTS 4500 MAIN STREET KANSAS CITY MO 64111 SEE SCH L, PART V 630482 PRICEWATERHOUSECOOPERS LLP PO BOX 75647 CHICAGO IL 60675 AUDIT AND TAX SRVCS 192463 4 X 28855039 28855039 REIMB. FROM SIMR 501(C)(3) 900099 19786807 19786807 REIMB. FROM BVD, RELATED ORG 900099 212692 212692 REIMB. 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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. THE INSTITUTE INCLUDES FIVE TAX-EXEMPT ENTITIES AS DESCRIBED IN SECTION 501(C)(3) AND ONE TAX-EXEMPT ENTITY AS DESCRIBED IN SECTION 501(C)(2) OF THE CODE. THEREFORE, IT IS THE INSTITUTE'S TAX POSITION THAT THESE SIX ENTITIES ARE EXEMPT FROM FEDERAL INCOME TAXES. 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). true STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 E 50TH ST KANSAS CITY MO 64110 202993509 501(C)(3) 90000000 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 AND 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 DISCOVERY 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 0 455572 0 0 0 8885 0 38250 0 13629 0 516336 0 0 ROBERT E KRUMLAUF DIRECTOR 0 468128 0 0 0 6192 0 38250 0 16106 0 528676 0 0 DAVID M CHAO DIRECTOR 0 1255085 0 0 0 6307 0 38250 0 1320 0 1300962 0 0 RICHARD W BROWN DIRECTOR/CHAIR/PRESIDENT/CEO 1876680 0 0 0 31103 0 38250 0 12277 0 1958310 0 0 0 RODERICK L STURGEON DIRECTOR/EVP/CFO 1191699 0 0 0 82568 0 38250 0 15008 0 1327525 0 0 0 DAVID A WELTE DIRECTOR/EVP/GENERAL COUNSEL 1021610 0 0 0 72257 0 38250 0 18419 0 1150536 0 0 0 ALBERZINE FREEMAN VP OF ADMINISTRATION 285701 0 0 0 4191 0 38250 0 9728 0 337870 0 0 0 TIMOTHY JGEARY HEAD OF OPERATIONS & SERVICES 205832 0 0 0 1023 0 31486 0 18921 0 257262 0 0 0 J SCOTT PETTET DIR OF FINANCE & ACCOUNTING 180628 0 0 0 877 0 27551 0 17763 0 226819 0 0 0 MICHAEL NEWHOUSE HEAD OF INFORMATION MANAGEMENT 182437 0 0 0 381 0 27551 0 15954 0 226323 0 0 0 REGINA KIRCHWEGER HEAD OF SCIENCE COMMUNICATIONS 121960 0 0 0 355 0 18537 0 12422 0 153274 0 0 0 JOSEPH D CARPENTER HEAD OF SECURITY 118637 0 0 0 1515 0 18233 0 13711 0 152096 0 0 0 PART I, LINE 1A: SRM HAS A WRITTEN EMPLOYMENT CONTRACT WITH RICHARD W. BROWN, PRESIDENT, WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR 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 BENEFITS ARE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS AND THEIR CONTRACTS ALSO PROVIDE FOR THE EXECUTIVES 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 60635HUV9 2003-07-31 215000000 SEE SCHEDULE K, PART VI false false false B HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HVN6 2003-07-31 75000000 SEE SCHEDULE K, PART VI false false false A 0 0 0 215000000 0 0 0 0 0 0 215000000 0 2000 true false true true B 0 0 0 75000000 0 0 0 0 0 0 75000000 0 2005 true false true true A 0 B 0 A true true false 0 false 0 false true B true true false 0 false 0 false true A true B true $215,000,000 BOND ISSUE SERIES PART I, LINE A, COLUMN D - ORIGINAL ISSUE DATE OF JULY 26, 2000, AS FILED ON FORM 8038. MATERIAL MODIFICATION OF BOND INDENTURES WHEN AMENDED TO ALLOW AUCTION RATE PROVISION TREATED AS REISSUANCE UNDER NOTICE 88-130 FOR FEDERAL TAX PURPOSES WITH FORM 8038 FILING ON JULY 31, 2003, SO SRM IS FILING SCHEDULE K. PART I, LINES A, COLUMN F - 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 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. PART II, LINE 10 - BOND ISSUE INCLUDES A REFUNDING OF BOND SERIES ISSUED IN 1998 OF $125,000,000 AND REMAINDER WAS USED TO FINANCE CAPITAL EXPENDITURES AS DESCRIBED IN PART I, COLUMN F. PART II, LINE 14 - $215,000,000 BOND ISSUE OF JULY 26, 2000, WAS PARTIALLY ISSUED TO RETIRE 1998 PRIOR BOND ISSUE OF $125,000,000. THE $125,000,000 BOND ISSUE WAS PAID OFF IN FULL IN OCTOBER 2000. $75,000,000 BOND ISSUE SERIES PART I, LINE B, COLUMN D - ORIGINAL ISSUE DATE OF MARCH 15, 2002, AS FILED ON FORM 8038. MATERIAL MODIFICATION OF BOND INDENTURES WHEN AMENDED TO ALLOW AUCTION RATE PROVISION TREATED AS REISSUANCE UNDER NOTICE 88-130 FOR FEDERAL TAX PURPOSES WITH FORM 8038 FILING ON JULY 31,2003, SO SRM IS FILING SCHEDULE K. PART I, LINE B, COLUMN F - 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 FOR THE PURPOSE OF INTERIOR FINISH, FURNISHING AND EQUIPPING OF THE SHELL PORTION OF SIMR'S MEDICAL RESEARCH FACILITY THAT IS DESCRIBED ABOVE IN LINE A. PART IV, OTHER BOND INFORMATION - IN RESPONSE TO THE VOLATILITY IN THE AUCTION RATE SECURITIES (ARS) MARKET, THE SEC'S DIVISION OF TRADING AND MARKETS AND DIVISION OF CORPORATE FINANCE ISSUED GUIDELINES UNDER WHICH THE SEC WOULD ALLOW ISSUERS TO BID ON AND REPURCHASE THEIR OWN SECURITIES. THESE REPURCHASED BONDS ARE NOT LEGALLY RETIRED AND CAN BE RESOLD IN THE ARS MARKET BY THE ISSUER. THE ORGANIZATION, OPERATING WITHIN THESE GUIDELINES, HAS BID ON AND PURCHASED SOME OF THEIR OWN SECURITIES. ALL THE BONDS ARE PLACED UP FOR BID IN WEEKLY ARS AUCTIONS, EXCEPT THAT THE SERIES 2002 BONDS OF $75 MILLION WERE CONVERTED TO COMMERCIAL PAPER RATE PERIOD, ONE OF THE INTEREST RATE MODES PROVIDED FOR IN THE BOND TRUST INDENTURE, ON JANUARY 29, 2014. THE CARRYING AMOUNT OF THE TOTAL BONDS PAYABLE OUTSTANDING AT DECEMBER 31, 2013 IS $3,200,000 AS REPORTED ON FORM 990, PART X, BALANCE SHEET. AMERICAN CENTURY INVESTMENTS SEE PART V 630482 INDIRECT - SEE PART V false PART IV LINE 1, COLUMN B: CURRENT DIRECTORS AND OFFICERS OF SRM, RICHARD W. BROWN, DAVID A. WELTE, RODERICK L. STURGEON, WILLIAM B. NEAVES AND DAVID M. CHAO ARE DIRECTORS OF AMERICAN CENTURY COMPANIES, INC. ("ACCI"). JAMES E. STOWERS JR., A DIRECTOR OF SRM, IS ALSO THE FOUNDER OF ACCI. LINE 1, COLUMN D: SRM RECEIVES INVESTMENT MANAGEMENT SERVICES FROM AMERICAN CENTURY INVESTMENTS ("ACI"). SRM PAYS THE SAME ADMINISTRATIVE FEES FOR THESE SERVICES AS ANY ARMS-LENGTH INVESTOR. SRM PAID ACI FEES IN THE AMOUNT OF $544,482 TO MANAGE A SEPERATE INVESTMENT POOL AND ALSO HAD FEES DEDUCTED FROM SEPERATE MUTUAL FUND HOLDINGS. THE VALUE OF THE MUTUAL FUND SERVICES, ESTIMATED BY MULTIPLYING SRM'S AVERAGE AMOUNT OF MUTUAL FUND HOLDING THROUGHOUT THE YEAR BY THE PUBLISHED ADMINISTRATIVE FEE PERCENTAGE FOR THE APPLICABLE MUTUAL FUNDS, WAS APPROXIMATELY $86,000 BRINGING THE TOTAL VALUE OF SERVICES TO APPROXIMATELY $630,482. 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. 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 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 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 JAMES E. STOWERS JR., VIRGINIA G. STOWERS, AND JAMES E. STOWERS III, DIRECTORS OF SRM, HAVE A FAMILY RELATIONSHIP. CLIFFORD W. ILLIG, WILLIAM B. NEAVES, DAVID M. CHAO, RICHARD W. BROWN, AND RODERICK L. STURGEON, ALL DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP; THEY SERVE ON THE BOARD OF BIOMED VALLEY DISCOVERIES, INC. RICHARD W. BROWN, DAVID A. WELTE, WILLIAM B. NEAVES, RODERICK L. STURGEON, JAMES E. STOWERS JR. AND DAVID CHAO HAVE A BUSINESS RELATIONSHIP; THEY SERVE ON THE BOARD OF AMERICAN CENTURY COMPANIES, INC. ("ACCI") AS DESCRIBED IN RESPONSE TO SCHEDULE L, PART IV. 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 2012. 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 VIII, LINE 2A SRM RECEIVED EXPENSE REIMBURSEMENTS FROM SIMR, A 501(C)(3) RELATED ORGANIZATION, IN THE AMOUNT OF $19,786,807 FOR SUPPORT SERVICES PROVIDED BY SRM. PART VIII, LINE 2B SRM RECEIVED EXPENSE REIMBURSEMENTS FROM BVD, A RELATED PARTY, IN THE AMOUNT OF $212,692 FOR ADMINISTRATIVE SUPPORT SERVICES PROVIDED BY SRM. SRM ALLOCATED THE COSTS OF PROVIDING THESE SERVICES TO BVD. PART VIII, LINE 2C SRM RECEIVED EXPENSE REIMBURSEMENTS FROM SPI, A RELATED PARTY, IN THE AMOUNT OF $6,000 FOR SUPPORT SERVICES PROVIDED BY SRM. OTHER CHANGES IN NET ASSETS OR FUND BALANCES EQUITY TRANSFERS FROM RELATED 501(C)(2) ORG (NOTE 1) 1,248,215 ANNUITY PAYMENT TO SIMR 30,000,000 ACTUARIAL LOSS ON ANNUITY OBLIGATION (20,634,791) OTHER CHANGES IN NET ASSETS 10,613,424 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 ACCRUED $1,248,215 OF SREHC 2013 NET INCOME, RECEIVED IN 2014. 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) 11A-TYPE I SIMR false STOWERS SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(C)(3) 11A-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 1000 EAST 50TH STREET KANSAS CITY MO 64110 274482762 EDUCATION DE 501(C)(3) 2 SIMR false AVANTI FUND LLC PO BOX 418210 KC MO 64111 205617851 INVESTING TO 5/31 MO NA EXCLUDED 203461 0 false 0 false 0.00000 BIOMED VALLEY DISCOVERIES INC 4520 MAIN STREET STE 1650 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 1248215 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 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 ORGANIZATION. PART V, LINE 2, (1)(d) 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 ACCRUED $1,248,215 OF SREHC 2013 NET INCOME, RECEIVED IN 2014.