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 12/2021, Stowers Resource Management Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stowers Resource Management Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Stowers Resource Management Inc generated $214.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $185.4m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

STOWERS RESOURCE MANAGEMENT ("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 2021, SRM PROVIDED $120,000,000 TO SIMR FOR ENDOWMENT SUPPORT AND $21,000,000 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 $31,014,701 IN 2021 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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
American Century Investments
Indirect - See Sch O
$1,053,417
Parris Communications
Communication Srvcs
$451,211
Bryan Cave Leighton Paisner Llp
Legal Services
$547,684
Pricewaterhousecoopers Llp
Audit And Tax Srvcs
$264,599
Victor Aarmesto
Maint.& Repair Srvcs
$259,850
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,355,848
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,283,575
Noncash contributions included in lines 1a–1f $3,294,848
Total Revenue from Contributions, Gifts, Grants & Similar$3,639,423
Total Program Service Revenue$31,491,121
Investment income $177,885,357
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $26,354
Net Gain/Loss on Asset Sales $1,444,132
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $214,490,886

Grants Awarded

Over the last fiscal year, Stowers Resource Management Inc has awarded $141,000,000 in support to 2 organizations.

Grant RecipientAmount

STOWERS INSTITUTE FOR MEDICAL RESEARCH

Org PageRecipient Profile

Kansas City, MO

PURPOSE: SEE PART IV

$120,000,000

BIOMED VALLEY CORPORATION

Org PageRecipient Profile

Kansas City, MO

PURPOSE: SEE PART IV

$21,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Stowers Resource Management Inc has recieved totaling $2,355,848.

Awarding OrganizationAmount
Stowers Institute For Medical Research

Kansas City, MO

PURPOSE: SEE PART IV

$2,355,848
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,960,161
Earnings$273,536
Net Contributions$940,000
Other Expense$1,072,296
Ending Balance$3,101,401

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