Cause IQ organization profile

Stowers Resource Management

Stowers Resource Management is a organizations supporting a medical research nonprofit based in Kansas City, MO that was founded in 2005. As of 2020 they had $146 million in revenue and $1.5 billion in assets.

Srm supports the activities of Stowers institute for medical research ("simr") which conducts basic cell and molecular biology research.

EIN:

41-2186719

City:

Kansas City

State:

Missouri

Website:

stowers.org

Founded:

2005

Type:

501(c)(3)

NTEE:

H11: Organizations supporting a single medical research nonprofit

Revenue:

$146,917,676

Assets:

$1,532,123,017

Employees:

158

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Stowers Resource Management

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 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.

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.

Form 990s for Stowers Resource Management

Fiscal year ending	Date received by IRS	Form	PDF link
2019-12	Oct 9, 2020	990	View PDF
2018-12	Oct 18, 2019	990	View PDF
2017-12	Oct 16, 2018	990	View PDF
2016-12	Oct 18, 2017	990	View PDF
2015-12	Dec 14, 2016	990	View PDF
...and seven more Form 990 PDFs

Financials for Stowers Resource Management

Field	2019	2018	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$2,177,242	$1,447,790	50.4%
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$2,177,242	$1,447,790	50.4%

Field	2019	2018	% Change
Total grants, contributions, etc.	$2,177,242	$1,447,790	50.4%
Program services	$31,300,707	$27,518,778	13.7%
Investment income and dividends	$108,676,232	$115,357,514	-5.8%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$43,958	$43,958
Net gain from sale of non-inventory assets	$4,715,665	$-5,387,945	187.5%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$3,872	$3,803	1.8%
Total revenues	$146,917,676	$138,983,898	5.7%

Field	2019	2018	% Change
Grants to govts. and orgs. in USA	$88,000,000	$110,000,000	-20.0%
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$6,250,016	$5,993,624	4.3%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$10,292,930	$9,559,948	7.7%
Pension/retirement accruals and contributions	$1,614,291	$1,499,731	7.6%
Other employee benefits	$2,412,129	$1,991,364	21.1%
Payroll taxes	$938,828	$907,549	3.4%
Management fees	$0	$0
Legal fees	$2,182,002	$523,357	316.9%
Accounting fees	$221,238	$209,327	5.7%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$1,005,607	$857,089	17.3%
Other fee-for-service	$2,164,855	$1,991,176	8.7%
Advertising and promotion	$12,436	$10,159	22.4%
Office expenses	$318,244	$406,935	-21.8%
Information tech. expenses	$937,294	$805,863	16.3%
Royalty expenses	$0	$0
Occupancy	$3,720,008	$3,983,189	-6.6%
Travel	$111,803	$119,730	-6.6%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$461,469	$455,334	1.3%
Interest	$8,277,010	$3,713,541	122.9%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$1,454,377	$1,425,589	2.0%
Insurance	$333,703	$318,504	4.8%
All other expenses	$5,369,757	$4,691,532	14.5%
Total expenses	$136,077,997	$149,463,541	-9.0%

Field	2019	2018	% Change
Cash (non-interest-bearing)	$0	$0
Savings, short-term investments, etc.	$1,684,718	$838,741	100.9%
Pledges and grants receivable	$0	$0
Accounts receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$2,654,949	$2,416,977	9.8%
Buildings, equipment, etc. post-depreciation	$7,864,938	$4,223,894	86.2%
Investments, publicly traded securities	$500,075,363	$486,162,128	2.9%
Investments, other securities	$1,012,430,442	$843,485,753	20.0%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$7,412,607	$8,253,611	-10.2%
Total assets	$1,532,123,017	$1,345,381,104	13.9%

Field	2019	2018	% Change
Accounts payable and accrued expenses	$8,695,228	$6,986,858	24.5%
Grants payable	$0	$0
Deferred revenue	$15,000	$35,000	-57.1%
Tax-exempt bond liabilities	$290,000,000	$290,000,000
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$2,645,875	$0	999%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$85,845,684	$90,735,089	-5.4%
Total liabilities	$387,201,787	$387,756,947	-0.1%

Field	2019	2018	% Change
Unrestricted net assets	$0	$955,882,511	-100%
Temporarily restricted net assets	$0	$600,652	-100%
Permanently restricted net assets	$0	$1,140,994	-100%

Vendors for Stowers Resource Management

Vendor	Services	Amount paid	Date
Pricewaterhousecoopers LLP	Tax accounting; Audit and Tax Services	$245,223	2020-08-11
██████	Content management system software		2020-06-15
███████ ███ ████	Fundraising software; Payment processing		2020-06-15
█████ ███████ ██████ ████	Audit accounting		2019-12-31
███████ █████████ ███	Insurance agent or broker	$2,297	2019-12-31
███████ █████████	Insurance agent or broker	$147,237	2019-12-31
██████ ███████ ████	Insurance		2019-12-31
█████████ ██████████ ██ ██████ ████	Insurance		2019-12-31
...and eight more vendors

Personnel at Stowers Resource Management

Name	Title	Compensation	Most recent data
Cici Rojas	Chief Executive Officer	$0	Dec. 31, 2019
David M. Chao, Ph.D.	President and Chief Executive Officer	$0	Dec. 31, 2019
████████ █ ████████	Executive Vice President and Chief Financial Officer	$1.7 million	Dec. 31, 2019
█████ ██████	Executive Vice President and Chief People Officer	$0	Dec. 31, 2019
█████ ██████	Vice President of Finance and Treasurer	$180,334	Dec. 31, 2019
██████ █████████	Executive Vice President and Human Resources / Executive Vice President of Administration	$317,237	Dec. 31, 2019
███████ █ █████	Head of Operations and Services	$249,530	Dec. 31, 2019
████ █████	Director of Financial Planning and An	$125,806	Dec. 31, 2017
███████ ████	Director of It App and DVLPMT	$183,212	Dec. 31, 2019
███████ ████████	Head of Information Management	$218,960	Dec. 31, 2019
...and six more key personnel

Peer organizations supporting a single medical research nonprofit

	Name	Type	Revenue	Location
1	Cook Children's Health Foundation	501(c)(3)	$80 million	Fort Worth, TX
2	Promedica Foundation	501(c)(3)	$38 million	Toledo, OH
3	Purdue Research Foundation (PRF)	501(c)(3)	$195 million	West Lafayette, IN
4	OHSU Foundation	501(c)(3)	$79 million	Portland, OR
5	Cystic Fibrosis Foundation - Group Return for the Chapters	501(c)(3)	$113 million	Bethesda, MD
6	Riley Children's Endowment	501(c)(3)	$40 million	Indianapolis, IN
7	Parker Institute for Cancer Immunotherapy	501(c)(3)	$113 million	San Francisco, CA
8	Lucile Packard Foundation for Children's Health	501(c)(3)	$96 million	Palo Alto, CA
9	Susan G Komen	501(c)(3)	$90 million	Dallas, TX
10	Musculoskeletal Transplant Foundation (MTF)	501(c)(3)	$431 million	Edison, NJ
11	Cystic Fibrosis Foundation	501(c)(3)	$275 million	Bethesda, MD
12	Operation Smile	501(c)(3)	$79 million	Virginia Beach, VA
13	Oregon State University Foundation	501(c)(3)	$127 million	Corvallis, OR
14	Foundation for the National Institute of Health (FNIH)	501(c)(3)	$63 million	North Bethesda, MD
15	Alzheimers Drug Discovery Foundation (ADDF)	501(c)(3)	$55 million	New York, NY
16	Children's Medical Center Foundation	501(c)(3)	$100 million	Dallas, TX
17	JRF Ortho (JRF)	501(c)(3)	$42 million	Centennial, CO
18	Foundation Fighting Blindness (FFB)	501(c)(3)	$53 million	Columbia, MD
19	Alliance for Clinical Trials in Oncology Foundation	501(c)(3)	$60 million	Chicago, IL
20	Huntsman Cancer Foundation (HCF)	501(c)(3)	$135 million	Salt Lake City, UT
21	Cancer Research Institute (CRI)	501(c)(3)	$41 million	New York, NY
22	Magee-Womens Research Institute and Foundation (MWRI)	501(c)(3)	$56 million	Pittsburgh, PA
23	BrightFocus Foundation	501(c)(3)	$37 million	Clarksburg, MD
24	Be The Match / National Marrow Donor Program	501(c)(3)	$445 million	Minneapolis, MN
25	ECOG-ACRIN Medical Research Foundation	501(c)(3)	$36 million	Philadelphia, PA

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Cause IQ organization profile

Stowers Resource Management

Program areas at Stowers Resource Management

Form 990s for Stowers Resource Management

Financials for Stowers Resource Management

Vendors for Stowers Resource Management

Personnel at Stowers Resource Management

Peer organizations supporting a single medical research nonprofit

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