Stowers Institute For Medical Research
- Assets
- $238.5m
- Revenue
- $116.4m
- Investments
- $812.4k
- Employees
- 364
- Location
- Kansas City, MO
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 20-2993509
Organization Overview
Stowers Institute For Medical Research is located in Kansas City, MO. The organization was established in 2005. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Stowers Institute For Medical Research employed 364 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stowers Institute For Medical Research 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 Institute For Medical Research generated $116.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $89.4m during the year ending 12/2021. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SIMR'S EXEMPT PURPOSE IS TO PERFORM MEDICAL RESEARCH IN THE PUBLIC INTEREST WITH THE GOAL OF EXPANDING OUR UNDERSTANDING OF THE FUNDAMENTAL PROCESSES OF LIVING CELLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIMR'S ACCOMPLISHMENTS ARE DESCRIBED IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Krumlauf Scientific Director Emeritus | 40 | $581,879 | |
Jerry L Workman Investigator | 40 | $394,596 | |
R Scott Hawley Investigator | 40 | $393,483 | |
Kausik Si Investigator | 40 | $319,704 | |
Matthew C Gibson Investigator | 40 | $290,390 | |
Alejandro Sanchez Alvarado Dir/chief Scientific Officer | OfficerTrustee | 40 | $163,091 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Etc Group Llc Software Devel Srvcs | 12/30/19 | $242,840 |
American Century Investments Indirect - See Sch O | 12/30/19 | $169,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $105,100,000 |
| Government grants | $5,391,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,205,744 |
| Noncash contributions included in lines 1a–1f | $107,871,052 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,696,909 |
| Total Program Service Revenue | $180,125 |
| Investment income | $763,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,025,568 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$354,522 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,367,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,711,992 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,004,664 |
| Compensation of current officers, directors, key employees. | $100,466 |
| Compensation to disqualified persons | $825,717 |
| Other salaries and wages | $24,025,128 |
| Pension plan accruals and contributions | $2,542,699 |
| Other employee benefits | $4,760,325 |
| Payroll taxes | $1,694,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,750 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $688,835 |
| Advertising and promotion | $0 |
| Office expenses | $109,705 |
| Information technology | $319,789 |
| Royalties | $511,784 |
| Occupancy | $2,214,739 |
| Travel | $150,874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $323,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,777,277 |
| Insurance | $0 |
| All other expenses | $513,791 |
| Total functional expenses | $89,375,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,719,818 |
| Pledges and grants receivable | $716,699 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,336 |
| Prepaid expenses and deferred charges | $463,248 |
| Net Land, buildings, and equipment | $127,914,982 |
| Investments—publicly traded securities | $106,646,203 |
| Investments—other securities | $812,438 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $248,571 |
| Total assets | $238,524,295 |
| Accounts payable and accrued expenses | $8,749,176 |
| Grants payable | $0 |
| Deferred revenue | $416,231 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,741,120 |
| Total liabilities | $17,906,527 |
| Net assets without donor restrictions | $220,358,046 |
| Net assets with donor restrictions | $259,722 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $238,524,295 |
Grants Awarded
Over the last fiscal year, Stowers Institute For Medical Research has awarded $2,711,992 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: SEE PART IV | $2,355,848 |
Kansas City, MO PURPOSE: SEE PART IV | $356,144 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Stowers Institute For Medical Research has recieved totaling $121,479,784.
| Awarding Organization | Amount |
|---|---|
Stowers Resource Management Inc Kansas City, MO PURPOSE: SEE PART IV | $120,000,000 |
Stowers Foundation Leawood, KS PURPOSE: TO FUND COMMUNICATION AND OUTREACH ACTIVITIES AT THE SCHOOL. | $1,220,060 |
Hearing Health Foundation New York, NY PURPOSE: RESEARCH GRANTS | $100,000 |
Hearing Health Foundation New York, NY PURPOSE: RESEARCH GRANTS | $100,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $29,358 |
American Association For Anatomy Rockville, MD PURPOSE: Salary Support Postdoc Fellow | $20,000 |
Endowment Analysis
| Beg. Balance | $209,007 |
| Net Contributions | $61,060 |
| Other Expense | $10,345 |
| Ending Balance | $259,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverside Research Institute Arlington, VA | $107,121,507 | $127,407,208 |
Oklahoma Medical Research Foundation Oklahoma City, OK | $499,810,540 | $126,016,814 |
Stowers Institute For Medical Research Kansas City, MO | $238,524,295 | $116,367,619 |
Lovelace Biomedical Research Institute Albuquerque, NM | $189,542,168 | $89,255,628 |
Texas Biomedical Research Institute San Antonio, TX | $256,689,852 | $72,880,870 |
Baylor Research Institute Dallas, TX | $167,191,620 | $77,117,798 |
Stanley Manne Childrens Research Institute Chicago, IL | $169,123,650 | $39,027,696 |
Dean Mcgee Eye Institute Oklahoma City, OK | $54,603,133 | $49,025,501 |
Hennepin Healthcare Research Institute Minneapolis, MN | $65,628,312 | $47,615,744 |
Alliance For Clinical Trials In Oncology Foundation Chicago, IL | $119,602,728 | $39,942,446 |
Trilogy Inc Chicago, IL | $15,390,124 | $38,855,480 |
Delta Health Alliance Inc Stoneville, MS | $28,735,932 | $53,691,246 |