2026-05-12T10:43:50+00:00 2025-06-30 440160260 Forvis Mazars LLP 1201 Walnut Street Suite 1700 Kansas City MO 641062246 990 2024-07-01 412186719 STOWERS RESOURCE MANAGEMENT INC STOW 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 JONATHAN THOMAS DIRECTOR/CHAIR 2026-05-12 true Michael Engle P00482834 8162216300 2026-05-12 2024 2025-03-06 01:10:19Z JONATHAN THOMAS 1000 EAST 50TH STREET KANSAS CITY MO 64110 312812240 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 (CONTINUED ON SCHEDULE O) 15 9 164 9 -133385 0 2060375 2164727 40450210 39136268 114591270 157102814 30537 -103520 157132392 198300289 115000000 107068857 0 26815636 25915740 0 545955 30592388 31630472 172408024 164615069 -15275632 33685220 1998285855 2055922131 301748613 300701619 1696537242 1755220512 SEE SCHEDULE O false false 107068857 107068857 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 $93,068,857 TO SIMR, A RELATED 501(C)(3) ORGANIZATION, FOR INSTITUTIONAL FUNDS SUPPORT AND $14,000,000 TO BIOMED VALLEY CORPORATION ("BVC"), A RELATED 501(C)(3) CORPORATION, FOR INSTITUTIONAL FUNDS SUPPORT. 39136268 0 39136268 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 $38,434,417 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O. 9999662 0 0 MANAGEMENT OF INSTITUTIONAL FUNDS - SRM PARTICIPATES IN THE MANAGEMENT OF SIMR AND GSSIMR TO ENSURE THEIR FINANCIAL ABILITY TO CONTINUE IN PERPETUITY. 156204787 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 70 0 true 164 true true true false false false false false false false false false true false X 15 9 true false false false true true true true true false false false true true true true true true true true false false KS X KATY GRAHAM 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 CHARLES GERMAN DIRECTOR/EVP/GENERAL COUNSEL 40.0 9.0 X X 1165721 0 80585 GEORGE L SATTERLEE DIRECTOR /EVP/HR 40.0 2.0 X X 518670 0 84947 JONATHAN THOMAS DIRECTOR/CHAIR BEGINNING OF SERVICE 3/24/25 8.0 9.0 X X 0 0 0 RICHARD W BROWN DIR/PRESIDENT/CEO DECEASED 3/27/25 40.0 9.0 X X 3103954 0 102383 ALBERZINE FREEMAN DIRECTOR 2.0 4.0 X 0 0 0 ALEJANDRO SNCHEZ ALVARADO DIRECTOR 2.0 42.0 X 0 1094951 839779 BRENT KREIDER DIRECTOR 2.0 42.0 X 0 787292 91449 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 JULIE WILSON DIRECTOR 2.0 0.0 X 0 0 0 KAUSIK SI DIRECTOR 2.0 40.0 X 0 780244 241908 MAURICE WATSON DIRECTOR THRU 1/24/25 2.0 0.0 X 0 0 0 PAM LOKKEN DIRECTOR 2.0 0.0 X 0 0 0 EVELYN TRAVNIK VP/CIO 40.0 0.0 X 392971 0 93182 JENNIFER H PAWLOSKY CHIEF OF STAFF/VP OF COMM 40.0 0.0 X 497372 0 90418 JOSELYN VERSCHELDEN VP/DEPUTY GEN COUNSEL 40.0 0.0 X 306803 0 81385 KIM CHEE VP OF FINANCE 40.0 0.0 X 325924 0 70640 PENNY M SPENCE EVP/CFO THRU 4/8/2025 40.0 11.0 X 753782 0 79650 TONYEA INGLIS VP OF REGULATORY AFFAIRS 40.0 0.0 X 303808 0 82643 JENNIFER HERBERS DIR OF HR 40.0 0.0 X 171896 0 60523 JESSICA WITT DIR OF IT 40.0 0.0 X 251841 0 61773 KATY GRAHAM CONTROLLER 40.0 2.0 X 183354 0 41766 SHAUN PRICE DIR OF INFO SECURITY 40.0 0.0 X 194195 0 58809 TIMOTHY J GEARY DIR OF OPS AND SERVICES THRU 3/7/25 40.0 0.0 X 282257 0 72802 8452548 2662487 2234642 46 false true false AMERICAN CENTURY INVESTMENTS 4500 MAIN STREET KANSAS CITY MO 64111 Indirect - See Schedule O 1268018 BRYAN CAVE LEIGHTON PAISNER LLP PO BOX 503089 ST LOUIS MO 63150 Legal Services 1200925 MIDWEST CONTRACT SERVICES 4741 CENTRAL ST SUITE 227 KANSAS CITY MO 64112 Cleaning & Maintenance 897091 JOHNSON CONTROLS PO BOX 730068 DALLAS TX 75373 Building Tech, Software, and Services 272070 FORVIS MAZARS LLP PO BOX 200870 DALLAS TX 75320 AUDIT & TAX SERVICES 247305 20 2164727 1000000 2164727 REIMB. FROM SIMR, RELATED 501(C)(3) 900099 38434417 38434417 REIMB. FROM BVD, RELATED C CORP 900099 662896 662896 REIMB. FROM GSSIMR, RELATED 501(C)(3) 900099 25187 25187 REIMB. FROM SPI, RELATED 501(C)(4) 900099 13768 13768 0 0 0 0 39136268 156131642 156131642 25841 0 25841 0 25841 25841 115418857 64266 114483293 28658 935564 35608 971172 971172 MISCELLANEOUS INCOME 900099 4024 4024 PTP K-1 UBI 901101 -133385 -133385 0 0 0 0 -129361 198300289 39136268 -133385 157132679 107068857 107068857 8419850 7577865 757787 84198 12373284 11135956 1113596 123732 1753567 1578210 157821 17536 2236866 2013179 201318 22369 1132173 1018956 101896 11321 1225089 1225089 287383 287383 1438261 1438261 3008214 2707393 270739 30082 33869 30482 3048 339 434196 390776 39078 4342 1353943 1218549 121855 13539 4141761 3727585 372758 41418 120987 108888 10889 1210 337367 303630 30363 3374 10761982 9685784 968578 107620 1255919 1130327 113033 12559 649548 584593 58459 6496 MAINTENANCE EXPENSES 4067937 3661143 366114 40680 OPERATION SUPPLIES 834806 751325 75133 8348 DUES & MEMBERSHIPS 547772 492995 49299 5478 SEC. 4960 EXCISE TAX 318331 286498 28650 3183 813107 731796 73180 8131 164615069 156204787 7864327 545955 0 0 382251 758385 0 0 0 0 0 0 0 0 0 0 0 0 2335972 1976963 19106269 17181320 2390711 1924949 520823170 570298056 1464816380 1475685840 0 0 0 7537371 5277938 1998285855 2055922131 9770823 9319430 0 0 0 0 290000000 290000000 0 0 0 0 0 0 0 0 1977790 1382189 301748613 300701619 X 1694245867 1752838281 2291375 2382231 0 1696537242 1755220512 1998285855 2055922131 X 33685220 24864665 133385 X false true true false X X X 2 STOWERS INSTITUTE FOR MEDICAL RESEARCH 202993509 4 true 93068857 0 THE GRADUATE SCHOOL OF THE STOWERS INST FOR MEDICAL RESEARCH 464588696 2 true 0 0 2 93068857 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) AMOUNT OF OTHER SUPPORT SRM PROVIDES A WIDE-RANGE OF SERVICES AND SUPPORT TO SIMR AND GSSIMR AS EXPLAINED IN FORM 990 PART III PROGRAM SERVICES, LINES 4B AND 4C. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2291375 1019000 251960 1180104 2382231 1869811 981400 352956 912792 2291375 2628930 0 164228 923347 1869811 3101401 850000 -363484 958987 2628930 2960161 940000 273536 1072296 3101401 0.0 0.6263 0.3737 false false 53290 46236 7054 19052979 17135084 1917895 1924949 Closely-held equity interests Financial derivatives AMERICAN CENTURY CLASS A SHARES 1475685840 F 1475685840 Federal Income Taxes COMPENSATION EXCISE TAX 447424 OPERATING LEASE LIABILITY 934765 OTHER LONG-TERM LIABILITY 1382189 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds 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) 68857 93000000 FMV FIXED INC SECURITIES SEE PART IV BIOMED VALLEY CORPORATION 1000 E 50TH STREET KANSAS CITY MO 64110 743238244 501(C)(3) 14000000 FMV FIXED INC SECURITIES SEE PART IV 2 0 Schedule I, Part II, Line 1 (H) PURPOSE OF GRANT ASSISTANCE FINANCIAL SUPPORT TO ASSIST WITH SUPPORTED ORGANIZATION'S SCIENTIFIC DISCOVERIES. Schedule I, Part II, Line 2 (H) PURPOSE OF GRANT ASSISTANCE 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 I, Line 2 Procedures for monitoring use of grant funds 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 institutional funds, 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 institutional funds ARE USED TO SUPPORT THE EXEMPT ACTIVITIES OF SIMR. X true true X X X X X false true false false false false false false false CHARLES GERMAN DIRECTOR/EVP/GENERAL COUNSEL 1146011 0 0 0 19710 0 51750 0 28835 0 1246306 0 0 0 GEORGE L SATTERLEE DIRECTOR /EVP/HR 515106 0 0 0 3564 0 51750 0 33197 0 603617 0 0 0 RICHARD W BROWN DIR/PRESIDENT/CEO DECEASED 3/27/25 3054433 0 0 0 49521 0 51750 0 50633 0 3206337 0 0 0 ALEJANDRO SNCHEZ ALVARADO DIRECTOR 0 1041927 0 0 0 53024 0 771447 0 68332 0 1934730 0 0 BRENT KREIDER DIRECTOR 0 773792 0 0 0 13500 0 51750 0 39699 0 878741 0 0 KAUSIK SI DIRECTOR 0 777922 0 0 0 2322 0 203265 0 38643 0 1022152 0 0 EVELYN TRAVNIK VP/CIO 390649 0 0 0 2322 0 51750 0 41432 0 486153 0 0 0 JENNIFER H PAWLOSKY CHIEF OF STAFF/VP OF COMM 483871 0 0 0 13501 0 51750 0 38668 0 587790 0 0 0 JOSELYN VERSCHELDEN VP/DEPUTY GEN COUNSEL 305993 0 0 0 810 0 46822 0 34563 0 388188 0 0 0 KIM CHEE VP OF FINANCE 323602 0 0 0 2322 0 49027 0 21613 0 396564 0 0 0 PENNY M SPENCE EVP/CFO THRU 4/8/2025 752972 0 0 0 810 0 51750 0 27900 0 833432 0 0 0 TONYEA INGLIS VP OF REGULATORY AFFAIRS 301566 0 0 0 2242 0 46615 0 36028 0 386451 0 0 0 JESSICA WITT DIR OF IT 251041 0 0 0 800 0 38681 0 23092 0 313614 0 0 0 KATY GRAHAM CONTROLLER 182778 0 0 0 576 0 27692 0 14074 0 225120 0 0 0 SHAUN PRICE DIR OF INFO SECURITY 193781 0 0 0 414 0 29541 0 29268 0 253004 0 0 0 TIMOTHY J GEARY DIR OF OPS AND SERVICES THRU 3/7/25 275833 0 0 0 6424 0 42406 0 30396 0 355059 0 0 0 JENNIFER HERBERS DIR OF HR 171598 0 0 0 298 0 27007 0 33516 0 232419 0 0 0 Schedule J, Part I, Line 1a COMPENSATION SRM HAD A WRITTEN EMPLOYMENT CONTRACT WITH RICHARD W. BROWN (PRESIDENT/CEO, DECEASED MARCH 27, 2025), WHICH PROVISIONS INCLUDED PAYMENT OF SOCIAL CLUB DUES AND PERSONAL USE OF AN AUTOMOBILE. SRM HAS A WRITTEN EMPLOYMENT AGREEMENT WITH CHARLES GERMAN (EVP/GENERAL COUNSEL), WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR PROFESSIONAL AND SOCIAL CLUB DUES. SRM'S OFFER LETTER TO JENNIFER PAWLOSKY (COS/VP OF COMMUNICATIONS), WHICH PROVISIONS INCLUDE PAYMENT OF SOCIAL CLUB DUES. ALL TAXABLE BENEFITS ARE TREATED AS COMPENSATION TO THE RECIPIENTS. Schedule J, Part I, Line 1b WRITTEN REIMBURSEMENT POLICY SRM provided the benefits described in response to line 1a pursuant to written employment contracts or offer letters that were approved by SRM's board-level committees and governing board. SEE RESPONSE TO FORM 990, PART VI, SECTION B, LINE 15 FOR ADDITIONAL PROCESSES RELATED TO DETERMINING SALARY AND BENEFITS FOR OFFICERS. Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING PERSONS WITH RESPECT TO A RELATED ORGANZATION, STOWERS INSTITUTE FOR MEDICAL RESEARCH (SIMR), PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: ALEJANDRO SANCHEZ ALVARADO - ACCRUAL OF $719,697 AND $0 DISTRIBUTION. KAUSIK SI - ACCRUAL OF $151,515 AND $0 DISTRIBUTION. A HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS34 2015-03-31 75000000 SEE PART VI false false false B HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS42 2015-03-31 75000000 SEE PART VI false false false C HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS59 2015-03-31 75000000 SEE PART VI false false false D HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HS67 2015-03-31 65000000 SEE PART VI 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 false false false false false false 0 0 0.0 false false 0 false false B false false false false false false 0 0 0.0 false false 0 false false C false false false false false false 0 0 0.0 false false 0 false false D false false false false false false 0 0 0.0 false false 0 false false A false false true false false false 0 false false false 0 false false true B false false true false false false 0 false false false 0 false false true C false false true false false false 0 false false false 0 false false true D false false true false false false 0 false false false 0 false false true A true B true C true D true Schedule K, Part I BOND ISSUES $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. Schedule K, Part I COLUMN F FOR LINES A, B, C AND D - DESCRIPTION OF PURPOSE 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 PROCEEDS, OTHER SPENT PROCEEDS 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 PROCEEDS, REFUNDING ISSUE OF TAXABLE BONDS 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, Line 2b ARBITRAGE, EXCEPTION TO REBATE 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. 1 1000000 Other - FAIR MARKET VALUE 0 false true false Schedule M, Part I COLUMN B - NUMBER OF CONTRIBUTIONS THE AMOUNTS SHOWN IN PART I, COLUMN (B) FOR "NUMBER OF CONTRIBUTIONS" REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. Form 990, Part I, Line 1 BRIEF MISSION 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. 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 institutional funds, 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 institutional funds ARE USED TO SUPPORT THE EXEMPT ACTIVITIES OF SIMR. Form 990, Part VI, Line 2 BUSINESS RELATIONSHIPS RICHARD W. BROWN (DECEASED MARCH 27, 2025), 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 (DECEASED MARCH 27, 2025), AND CHARLES GERMAN, DIRECTORS OF SRM, AND PENNY M. SPENCE (THROUGH APRIL 8, 2025), 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 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 ROLE OF PRESIDENT/CHAIR/CEO TRANSITIONED DURING THE FISCAL YEAR. RICHARD W. BROWN DIED MARCH 27, 2025. DUE TO THE PASSING OF MR. BROWN, THE ORGANIZATION'S SUCCESSION PLAN WAS ACTIVATED AND JONATHAN THOMAS TRANSITIONED FROM THE ROLE OF VICE CHAIR TO PRESIDENT/CHAIR/CEO. A COMPENSATION STUDY FOR THE ROLE OF PRESIDENT/CHAIR/CEO BEGAN IN FISCAL YEAR 2025 AND CONCLUDED AFTER THE FISCAL YEAR ENDED. 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 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 1a Delegate broad authority to a committee 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 11b Review of form 990 by governing body THE DATA AND INFORMATION NECESSARY TO PREPARE SRM'S FORM 990 WAS COMPILED BY SRM'S ACCOUNTING DEPARTMENT. FORVIS MAZARS, LLP, THE INSTITUTE'S EXTERNAL TAX PREPARERS, USED 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 DESCRIBED ABOVE, THE FORM 990, INCLUDING REQUIRED SCHEDULES, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'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 - SERVICES FOR RELATED ORGANIZATION RICHARD W. BROWN (DECEASED MARCH 27, 2025), JONATHAN THOMAS (BEGINNING OF SERVICE MARCH 24, 2025), GEORGE L. SATTERLEE, PENNY M. SPENCE (THROUGH APRIL 8, 2025), CHARLES GERMAN, KIM CHEE, TONYEA INGLIS, JENNIFER PAWLOSKY, EVELYN TRAVNIK, AND JOSELYN VERSCHELDEN, 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 B, Line 1 American Century Investments 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 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. Form 990, Part VIII, Line 2a 2B, 2C, & 2D - PROGRAM SERVICE REVENUE 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 UBI FROM PUBLICLY TRADED PARTNERSHIPS - 133385; Total - 133385; STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 202993509 MED RESEARCH DE 501(c)(3) 4 false STOWERS REAL ESTATE HOLDING CORPORATION 1000 EAST 50TH STREET KANSA 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 NA C Corporation true false true false false false false false false false false false false false true true true true false false BIOMED VALLEY CORPORATION B 14000000 MARKET VALUE BIOMED VALLEY DISCOVERIES Q 662896 SEE PART VII Schedule R, Part II, Column (b) PRIMARY ACTIVITY 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, Column (b) PRIMARY ACTIVITY 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 - TYPE Q - SERVICES TO RELATED ORGANIZATIONS 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 - TYPE Q - METHOD OF VALUATION 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 $662,896 DURING THE PERIOD JULY 1, 2024 THROUGH JUNE 30, 2025 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2B. Schedule R, Part V LINE 2 - TYPE B - CONTRIBUTION TO RELATED ORGANIZATION 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.