STOWERS RESOURCE MANAGEMENT INC
1000 EAST 50TH STREET, KANSAS CITY, MO 64110 www.stowers.org

Total Revenue
$146,917,676
Total Expenses
$136,077,997
Net Assets
$1,144,921,230

Organizations Filed Purposes: SRM SUPPORTS THE ACTIVITIES OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") WHICH CONDUCTS BASIC CELL AND MOLECULAR BIOLOGY RESEARCH.

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 2019, SRM PROVIDED $78,000,000 TO SIMR FOR ENDOWMENT SUPPORT AND $10,000,000 TO BIOMED VALLEY CORPORATION ("BVC"), A RELATED 501(C)(3) ORGANIZATION, FOR ENDOWMENT SUPPORT.

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 $31,008,517 IN 2019 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O.

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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Richard W BrownDIRECTOR/CHAIR/PRESIDENT/CEO40$2,543,498
Roderick L SturgeonDIRECTOR/EVP/CFO40$1,704,983
David A WelteDIRECTOR/EVP/GENERAL COUNSEL40$1,425,034
George SatterleeEVP/HUMAN RESOURCES40$317,237
Timothy J GearyHEAD OF OPERATIONS & SERVICES40$249,530
J Scott Pettet UntilCORPORATE CONTROLLER40$246,046
Michael NewhouseHEAD OF INFORMATION MANAGEMENT40$218,960
Jessica WittDIRECTOR OF IT APP & DVLPMT40$183,212
Penny SpenceVP OF FINANCE & TREASURER40$180,334
Jonathan ThomasDIRECTOR2$0
Alberzine FreemanDIRECTOR2$0
Pam LokkenDIRECTOR (AS OF 03/2019)2$0
Julie WilsonDIRECTOR2$0
Maurice WatsonDIRECTOR2$0
Cici RojasDIRECTOR2$0
Robert E PetersonDIRECTOR2$0
Gina KaiserDIRECTOR2$0
Clifford W IlligDIRECTOR2$0
James E Stowers IiiDIRECTOR2$0
Virginia G StowersDIRECTOR2$0
Alejandro Sanchez AlvaDIRECTOR (AS OF 07/2019)2$0
Robert E KrumlaufDIRECTOR (UNTIL 07/2019)2$0
David M ChaoDIRECTOR2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202042309349302964_public.xml