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 12/2022, Stowers Resource Management Inc employed 175 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 12/2022, Stowers Resource Management Inc generated $145.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $90.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Stowers Resource Management Inc has awarded 12 individual grants totaling $578,020,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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 (CONTINUED ON SCHEDULE O)

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 2022, SRM PROVIDED $43,000,000 TO SIMR, 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 AND GSSIMR THAT INCLUDES ACCOUNTING, FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, AND OTHER SUPPORT ACTIVITIES, FOR WHICH SRM ALLOCATED COSTS TO SIMR IN THE AMOUNT OF $33,894,765 IN 2022 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 SIMR AND GSSIMR TO ENSURE THEIR FINANCIAL ABILITY TO CONTINUE IN PERPETUITY.


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Board, Officers & Key Employees

Name (title)Compensation
Richard W Brown
Dir/chair/pres/ceo
$2,813,862
Charles German
Director/evp/general Counsel
$1,059,057
Brent Kreider
COO Thru 3/31/22/director
$0
Jennifer H Pawlosky
Cos/vp Of Communications
$553,447
Penny M Spence
Evp/cfo
$537,787
George L Satterlee
Dir. As Of 1/1/22 /evp/hr
$471,260

Outside Vendors & Contractors

Vendor Name (Service)Compensation
American Century Investment
Indirect (See Sch O)
$1,337,678
Bryan Cave Leighton Paisner Llp
Legal Services
$738,963
Andrew Flower
Software Development
$456,017
Midwest Contract Services Inc
Cleaning And Maint.
$775,696
Technology Group Solutions Llc
It Services
$378,511
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$1,327,509
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,327,509
Total Program Service Revenue$34,479,093
Investment income $111,848,494
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $26,354
Net Gain/Loss on Asset Sales -$2,004,962
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $145,680,496

Grants Awarded

Over the last fiscal year, Stowers Resource Management Inc has awarded $43,020,000 in support to 2 organizations.

Grant RecipientAmount

BLUFORD HEALTHCARE LEADERSHIP INSTITUTE

PURPOSE: SEE PART IV

$20,000

STOWERS INSTITUTE FOR MEDICAL RESEARCH

PURPOSE: SEE PART IV

$43,000,000
View Grant Profile

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