2013-08-08T12:58:44-05:00 2012-12-31 PRICEWATERHOUSECOOPERS LLP 1301 K STREET NW STE 800W WASHINGTON DC 200053333 990 2012-01-01 412186719 STOWERS RESOURCE MANAGEMENT INC % J SCOTT PETTET STOW 8169264000 1000 EAST 50TH STREET Suite KANSAS CITY MO 64110 RICHARD W BROWN 8169264000 2013-08-07 true 2024141000 2012 2016-02-24 21:20:13Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 448509868 false X WWW.STOWERS.ORG X 2005 DE STOWERS RESOURCE MANAGEMENT'S EXEMPT PURPOSE IS TO SUPPORT, BENEFIT AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATIONS.THOSE EXEMPT ORGANIZATIONS PERFORM RESEARCH IN BASIC CELL AND MOLECULAR BIOLOGY. 14 5 139 8 0 42019514 29217806 17223930 19103094 142820848 58991839 141804 31817 202206096 107344556 79507600 147000000 0 0 14669388 15622783 0 0 552644 13006408 12956727 107183396 175579510 95022700 -68234954 1072415838 1221717886 210432263 201764686 861983575 1019953200 X SEE SCHEDULE O false false 17408304 0 0 MANAGEMENT OF ENDOWMENT - SRM PARTICIPATES IN THE MANAGEMENT OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") FOR THE PURPOSE OF FINANCIALLY SUPPORTING SIMR TO INSURE SIMR'S ABILITY TO CONTINUE ITS RESEARCH EFFORTS IN PERPETUITY. 7460702 0 18899203 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 $18,899,203 IN 2012 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O. 147000000 147000000 203891 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 2012, SRM PROVIDED $90,000,000 TO SIMR FOR ENDOWMENT SUPPORT AND $57,000,000 TO BIOMED VALLEY CORPORATION ("BVC"), A RELATED 501(C)(3) ORGANIZATION, FOR ENDOWMENT SUPPORT. 171869006 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 true false false false false true true true false false true 46 0 true 139 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 X J SCOTT PETTET 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 JAMES E STOWERS JR 2.0 4.0 X 0 0 0 VIRGINIA G STOWERS 2.0 2.0 X 0 0 0 JAMES E STOWERS III 2.0 0.0 X 0 0 0 CLIFFORD W ILLIG 2.0 2.0 X 0 0 0 ALLAN J HUBER 2.0 0.0 X 0 0 0 ROBERT E PETERSON 2.0 0.0 X 0 0 0 GINA KAISER 2.0 0.0 X 0 0 0 LOWELL C KRUSE 2.0 0.0 X 0 0 0 WILLIAM B NEAVES 2.0 46.0 X 0 451681 50423 ROBERT E KRUMLAUF 2.0 42.0 X 0 648060 52200 DAVID M CHAO 2.0 44.0 X 0 1201745 38824 RICHARD W BROWN 40.0 10.0 X X 1821753 0 48692 RODERICK L STURGEON 40.0 12.0 X X 1220119 0 52614 DAVID A WELTE 40.0 12.0 X X 1024683 0 55968 ALBERZINE FREEMAN 40.0 0.0 X 282695 0 46932 TIMOTHY JGEARY 40.0 0.0 X 200573 0 49644 J SCOTT PETTET 40.0 0.0 X 177158 0 43330 MICHAEL NEWHOUSE 40.0 0.0 X 178693 0 41325 STEPHEN L DEGENNARO 40.0 0.0 X 116860 0 28800 JOSEPH D CARPENTER 40.0 0.0 X 116909 0 30387 5139443 2301486 539139 13 false true false BRYAN CAVE LLP PO BOX 503089 ST LOUIS MO 631503089 LEGAL SERVICES 306461 WILLAMETTE MANAGEMENT ASSOC 8600 W BRYN MAWR AVE STE 950 N CHICAGO IL 60631 PROFESSIONAL SRVCS 124079 PARRIS COMMUNICATIONS 4510 BELLEVIEW SUITE 110 KANSAS CITY MO 64111 PROFESSIONAL SRVCS 326670 AMERICAN CENTURY INVESTMENTS 4500 MAIN STREET KANSAS CITY MO 64111 SEE SCH L, PART V 793960 PRICEWATERHOUSECOOPERS LLP PO BOX 75647 CHICAGO IL 60675 ACCOUNTING SERVICES 153054 5 X 29217806 1012426 29217806 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 CONSISTS OF SEVEN TAX-EXEMPT ENTITIES AS DESCRIBED IN SECTION 501(C) OF THE CODE. THEREFORE, IT IS THE INSTITUTE'S TAX POSITION THAT THESE ENTITIES ARE EXEMPT FROM FEDERAL INCOME TAXES. PART V, LINE 4 THE FUNDS WILL BE USED TO ESTABLISH THE "PRISCILLA WOOD NEAVES ENDOWED CHAIR IN BIOMEDICAL SCIENCE" AT THE STOWERS INSTITUTE. SPECIFICALLY, THE INSTITUTE WILL ESTABLISH THIS ENDOWED CHAIR BY INVESTING THE CORPUS IN PERPETUTITY, CREATING AN ENDOWMENT WHERE THE ANNUAL EARNINGS WILL BE ALLOCATED TO THE CURRENT HOLDER OF THE CHAIR TO BE USED IN THE PURSUIT OF THEIR INNOVATIVE RESEARCH. 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 BIOMED VALLEY CORPORATION 1000 E 50TH ST KANSAS CITY MO 64110 743238244 501(C)(3) 57000000 FMV FIXED INCOME SECURIT 2 0 PART I, LINE 2 SRM'S PURPOSE IS TO SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATIONS. FINANCIAL SUPPORT WAS GIVEN TO SIMR, SRM'S SUPPORTED ORGANIZATION, AND BIOMED VALLEY CORPORATION ("BVC"), A RELATED 501(C)(3) AS REPORTED ON SCHEDULE R, PART II. SRM ALSO PROVIDES OTHER TYPES OF SUPPORT TO SIMR AND BVC INCLUDING SUPPORTING THE MANAGEMENT OF THEIR ENDOWMENT, MANAGEMENT, ADMINISTRATIVE, AND OPERATION SUPPORT SERVICES. PART II, LINE 1, COLUMN H FINANCIAL SUPPORT TO ASSIST WITH SUPPORT ORGANIZATION'S SCIENTIFIC DISCOVERY 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 PURPOSE OF ITS SUPPORTED ORGANIZATIONS. X X true true X X X X X false false false false false false false false false WILLIAM B NEAVES 0 444269 0 0 0 7412 0 37500 0 12923 0 502104 0 0 ROBERT E KRUMLAUF 0 457072 0 0 0 190988 0 37500 0 14700 0 700260 0 0 DAVID M CHAO 0 1195538 0 0 0 6207 0 37500 0 1324 0 1240569 0 0 RICHARD W BROWN 1787848 0 0 0 33905 0 37500 0 11192 0 1870445 0 0 0 RODERICK L STURGEON 1134046 0 0 0 86073 0 37500 0 15114 0 1272733 0 0 0 DAVID A WELTE 971812 0 0 0 52871 0 37500 0 18468 0 1080651 0 0 0 ALBERZINE FREEMAN 278510 0 0 0 4185 0 37500 0 9432 0 329627 0 0 0 TIMOTHY JGEARY 199582 0 0 0 991 0 30721 0 18923 0 250217 0 0 0 J SCOTT PETTET 176318 0 0 0 840 0 26881 0 16449 0 220488 0 0 0 MICHAEL NEWHOUSE 178323 0 0 0 370 0 26881 0 14444 0 220018 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 SCH K, PART VI false false false B HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HVN6 2003-07-31 75000000 SEE SCH 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 0 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 0 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. THE CARRYING AMOUNT OF THE TOTAL BONDS PAYABLE OUTSTANDING AT DECEMBER 31, 2012 IS $5,000,000 AS REPORTED ON FORM 990, PART X, BALANCE SHEET. AMERICAN CENTURY INVESTMENTS SEE PART V 793960 INDIRECT - SEE PART V false PART IV CURRENT DIRECTORS AND OFFICERS OF SRM, RICHARD W. BROWN, DAVID A. WELTE, RODERICK L. STURGEON, 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. SRM, ALONG WITH MR. STOWERS, OTHER STOWERS FAMILY MEMBERS, AND OTHER RELATED PARTIES DISCLOSED IN SCHEDULE R RETAIN A CONTROLLING VOTING INTEREST IN ACCI. 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 $238,460 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 $555,500, BRINGING THE TOTAL VALUE OF SERVICES TO APPROXIMATELY $793,960. 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 CURRENTLY OWNS 48% OF THE OUTSTANDING CLASS A STOCK OF ACI. X 2 1007426 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). 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, 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 VIII, LINE 2A SRM RECEIVED EXPENSE REIMBURSEMENTS FROM SIMR, A 501(C)(3) RELATED ORGANIZATION, IN THE AMOUNT OF $18,899,203 FOR SUPPORT SERVICES PROVIDED BY SRM. PART VIII, LINE 2B SRM RECEIVED EXPENSE REIMBURSEMENTS FROM BVD, A RELATED PARTY, IN THE AMOUNT OF $191,891 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 $12,000 FOR SUPPORT SERVICES PROVIDED BY SRM. PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES EQUITY TRANSFERS FROM RELATED 501(C)(2) ORG (NOTE 1) 13,236,319 ANNUITY PAYMENT TO SIMR 30,000,000 ACTUARIAL LOSS ON ANNUITY OBLIGATION (20,412,983) OTHER CHANGES IN NET ASSETS 22,823,336 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 $1,236,319 OF SREHC 2012 NET INCOME, RECEIVED IN 2013, AND SRM RECEIVED A $12,000,000 EQUITY TRANSFER FROM SREHC IN 2012. 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 MO NA EXCLUDED 988478 119059202 false 0 false 0.58003 BIOMED VALLEY DISCOVERIES INC 4520 MAIN STREET STE 1650 KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C CORP 0.00000 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 13236319 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, 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 1, COLUMN 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 $1,236,319 OF SREHC 2012 NET INCOME, RECEIVED IN 2013, AND SRM RECEIVED A $12,000,000 EQUITY TRANSFER FROM SREHC IN 2012.