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
| Name | Title | Hours Per Week | Total Salary |
|---|
| Richard W Brown | DIRECTOR/CHAIR/PRESIDENT/CEO | 40 | $2,543,498 |
| Roderick L Sturgeon | DIRECTOR/EVP/CFO | 40 | $1,704,983 |
| David A Welte | DIRECTOR/EVP/GENERAL COUNSEL | 40 | $1,425,034 |
| George Satterlee | EVP/HUMAN RESOURCES | 40 | $317,237 |
| Timothy J Geary | HEAD OF OPERATIONS & SERVICES | 40 | $249,530 |
| J Scott Pettet Until | CORPORATE CONTROLLER | 40 | $246,046 |
| Michael Newhouse | HEAD OF INFORMATION MANAGEMENT | 40 | $218,960 |
| Jessica Witt | DIRECTOR OF IT APP & DVLPMT | 40 | $183,212 |
| Penny Spence | VP OF FINANCE & TREASURER | 40 | $180,334 |
| Jonathan Thomas | DIRECTOR | 2 | $0 |
| Alberzine Freeman | DIRECTOR | 2 | $0 |
| Pam Lokken | DIRECTOR (AS OF 03/2019) | 2 | $0 |
| Julie Wilson | DIRECTOR | 2 | $0 |
| Maurice Watson | DIRECTOR | 2 | $0 |
| Cici Rojas | DIRECTOR | 2 | $0 |
| Robert E Peterson | DIRECTOR | 2 | $0 |
| Gina Kaiser | DIRECTOR | 2 | $0 |
| Clifford W Illig | DIRECTOR | 2 | $0 |
| James E Stowers Iii | DIRECTOR | 2 | $0 |
| Virginia G Stowers | DIRECTOR | 2 | $0 |
| Alejandro Sanchez Alva | DIRECTOR (AS OF 07/2019) | 2 | $0 |
| Robert E Krumlauf | DIRECTOR (UNTIL 07/2019) | 2 | $0 |
| David M Chao | DIRECTOR | 2 | $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