Stowers Resource Management Inc

Organization Overview

Stowers Resource Management Inc is located in Kansas City, MO. The organization was established in 2006. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2019, Stowers Resource Management Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Stowers Resource Management Inc generated $146.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $136.1m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kirkland Ellis Llp
Legal Services
$1,519,778
American Century Investments
Indirect - See Sch O
$899,931
Bryan Cave Leighton Paisne Llp
Legal Services
$448,705
Pricewaterhousecoopers Llp
Audit And Tax Srvcs
$245,223
Alexander Dean
Software Devel Srvcs
$164,921
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,177,242
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,177,242
Total Program Service Revenue$31,300,707
Investment income $108,676,232
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $43,958
Net Gain/Loss on Asset Sales $4,715,665
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $146,917,676

Grants Awarded

Over the last fiscal year, Stowers Resource Management Inc has awarded $88,000,000 in support to 2 organizations.

Grant RecipientAmount

STOWERS INSTITUTE FOR MEDICAL RESEARCH

Org PageRecipient Profile

Kansas City, MO

PURPOSE: SEE PART IV

$78,000,000

BIOMED VALLEY CORPORATION

Org PageRecipient Profile

Kansas City, MO

PURPOSE: SEE PART IV

$10,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Stowers Resource Management Inc has recieved totaling $43,271.

Awarding OrganizationAmount
Greater Kansas City Community Foundation

Kansas City, MO

PURPOSE: Medical Research

$43,271
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,741,646
Earnings$319,789
Net Contributions$1,690,980
Other Expense$990,133
Ending Balance$2,762,282

Create an account to unlock the data you need.

or