2012-08-10T10:53:47-05:00 2011-12-31 PRICEWATERHOUSECOOPERS LLP 1301 K STREET NW STE 800W WASHINGTON DC 200053333 990 2011-01-01 412186719 STOWERS RESOURCE MANAGEMENT INC % J SCOTT PETTET STOW 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 RICHARD W BROWN 2012-08-09 true 2024141000 2011 2016-02-24 21:20:13Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 309237864 false X WWW.STOWERS.ORG X 2005 DE STOWERS RESOURCE MANAGEMENT'S EXEMPT PURPOSE IS TO SUPPORT, BENEFIT AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATIONS.THOSE EXEMPT ORGANIZATIONS PERFORM RESEARCH IN BASIC CELL AND MOLECULAR BIOLOGY. 14 5 137 8 0 0 31583400 42019514 18043455 17223930 45959941 142820848 52613 141804 95639409 202206096 30000000 79507600 0 0 13731310 14669388 0 0 536023 13080098 13006408 56811408 107183396 38828001 95022700 1070677881 1072415838 222496381 210432263 848181500 861983575 X SEE SCHEDULE O false false 16884692 0 0 MANAGEMENT OF ENDOWMENT - SRM PARTICIPATES IN THE MANAGEMENT OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") FOR THE PURPOSE OF FINANCIALLY SUPPORTING SIMR TO INSURE SIMR'S ABILITY TO CONTINUE ITS RESEARCH EFFORTS IN PERPETUITY. 7236296 0 0 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 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC BUSINESS PLANS AND BUDGETS. SRM ALSO PROVIDES ADDITIONAL ADMINISTRATIVE AND OPERATION SUPPORT SERVICES TO SIMR THAT INCLUDE HUMAN RESOURCES, ACCOUNTING, INFORMATION TECHNOLOGY, AND OTHER OPERATION SUPPORT ACTIVITIES FOR WHICH SRM ALLOCATED COSTS TO SIMR IN THE AMOUNT OF $17,037,954 IN 2011 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O. 79507600 79507600 0 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 THEIR MEDICAL RESEARCH ACTIVITIES. THE CONTRIBUTIONS ARE MADE AS DETERMINED BY SRM'S BOARD OF DIRECTORS AFTER REVIEW OF FINANCIAL INFORMATION, BUDGETS, STATEGIES, AND OTHER RELEVANT INFORMATION. 103628588 true true false false false false false false false false true true false false true true false true false false false false false false false false false true false true true false false false false false false false false false true true false false false false true true true false false true 30 0 true 137 true false false false false false true true false false false false X 14 5 true false false false true true false true true false false true true true true true true true true false X J SCOTT PETTET 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 X JAMES E STOWERS JR 2.0 X 0 0 0 VIRGINIA G STOWERS 2.0 X 0 0 0 JAMES E STOWERS III 2.0 X 0 0 0 CLIFFORD W ILLIG 2.0 X 0 0 0 ALLAN J HUBER 2.0 X 0 0 0 ROBERT E PETERSON 2.0 X 0 0 0 GINA KAISER 2.0 X 0 0 0 LOWELL C KRUSE 2.0 X 0 0 0 WILLIAM B NEAVES 2.0 X 0 447761 49102 ROBERT E KRUMLAUF 2.0 X 0 449339 51549 DAVID M CHAO 2.0 X 0 1142746 38170 RICHARD W BROWN 40.0 X X 1732640 0 48262 RODERICK L STURGEON 40.0 X X 1157859 0 51962 DAVID A WELTE 40.0 X X 977117 0 55297 ALBERZINE FREEMAN 40.0 X 275252 0 46260 TIMOTHY JGEARY 40.0 X 195916 0 48453 J SCOTT PETTET 40.0 X 172042 0 42225 MICHAEL NEWHOUSE 40.0 X 172854 0 40493 STEPHEN L DEGENNARO 40.0 X 114405 0 27907 4798085 2039846 499680 10 false true false BRYAN CAVE LLP PO BOX 503089 ST LOUIS MO 631503089 LEGAL SERVICES 565596 JONATHAN ASSOCIATES 1225 W 60TH TERRACE KANSAS CITY MO 64113 PROFESSIONAL SRVCS 261206 PARRIS COMMUNICATIONS 4510 BELLEVIEW SUITE 110 KANSAS CITY MO 64111 PROFESSIONAL SRVCS 165117 AMERICAN CENTURY INVESTMENTS 4500 MAIN STREET KANSAS CITY MO 64111 SEE SCH L, PART V 1394700 4 42019514 10108950 42019514 REIMB. FROM SIMR 501(C)(3) 900099 17025954 17025954 REIMB. FROM BVD, RELATED ORG 900099 185976 185976 REIMB. FROM SPI, RELATED ORG 900099 12000 12000 17223930 142071226 142071226 0 0 21780 21780 21780 21780 107738390 43000 106986620 45148 751770 -2148 749622 749622 0 0 0 MO QUALITY JOBS REIMB 900099 117393 117393 MO TIMELY FILING DISCOUNT 900099 2631 2631 120024 202206096 17223930 142962652 79507600 79507600 0 0 0 4023137 3620823 321851 80463 0 7661405 6895265 612912 153228 1130680 1017612 90454 22614 1195187 1075668 95615 23904 658979 593081 52718 13180 0 585538 585538 104966 104966 0 0 5000 5000 2007231 1806508 160578 40145 12878 11590 1030 258 415246 373721 33220 8305 486857 438171 38949 9737 0 3730479 3357431 298438 74610 74809 67328 5985 1496 0 217509 195758 17401 4350 220265 198239 17621 4405 0 1549798 1394818 123984 30996 276517 87591 186980 1946 MAINTENANCE EXPENSES 2055650 1850085 164452 41113 OPERATION SUPPLIES 802789 722510 64223 16056 DUES & SUBSCRIPTIONS 191352 172217 15308 3827 NON-CAPITAL EQUIPMENT 170212 153191 13617 3404 99312 89381 7945 1986 107183396 103628588 3018785 536023 0 0 1497588 1269118 0 0 0 0 0 0 0 0 0 269265 0 0 5224680 5065980 5323366 2849545 3367622 2473821 145152311 199811088 909194144 857542756 0 0 0 0 6241536 5983810 1070677881 1072415838 3005374 3225309 0 0 0 0 7325000 4850000 0 0 0 0 0 0 0 0 212166007 202356954 222496381 210432263 X 848181500 861983575 0 0 0 0 848181500 861983575 1070677881 1072415838 X 95022700 -81220625 X false true true X false X X X X false false false STOWERS INSTITUTE FOR MEDICAL RESEARCH 202993509 04 true true true 79507600 1 79507600 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65863 7258 58605 5257503 2842287 2415216 2473821 AMERICAN CENTURY CLASS A SHS 765511284 F AVANTI FUND LLC SHARES 92031472 F 857542756 0 ANNUITY DEBT 202347168 OTHER LONG TERM LIABILITIES 9786 202356954 PART X, LINE 2: FIN 48 FINANCIAL STATEMENT FOOTNOTE FROM THE CONSOLIDATED STATEMENTS OF STOWERS INSTITUTE FOR MEDICAL RESEARCH (THE INSTITUTE), OF WHICH STOWERS RESOURCE MANAGEMENT, INC. IS A SUBSIDIARY, IS AS FOLLOWS: THE INSTITUTE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. AS DESCRIBED ABOVE IN NOTE 1, THE INSTITUTE CONSISTS OF FIVE TAX-EXEMPT ENTITIES AS DESCRIBED IN SECTION 501(C)(3) OF THE CODE. THEREORE, IT IS THE INSITUTE'S TAX POSITION THAT THESE FIVE ENTITIES ARE EXEMPT FROM FEDERAL INCOME TAXES. true STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 E 50TH ST KANSAS CITY MO 64110 202993509 501(C)(3) 79507600 FMV MUTUAL FUNDS SEE PART IV 1 0 PART I, LINE 2: SRM'S PURPOSE IS TO SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATIONS. ALL FINANCIAL SUPPORT IS GIVEN TO SIMR, SRM'S SUPPORTED ORGANIZATION. AS DESCRIBED IN FORM 990,PART III, SRM ALSO PROVIDES OTHER TYPES OF SUPPORT TO SIMR INCLUDING SUPPORTING SIMR'S MANAGEMENT OF THEIR ENDOWMENT, MANAGEMENT, ADMINISTRATIVE, AND OPERATION SUPPORT SERVICES. PART II, LINE 1(H): FINANCIAL SUPPORT TO ASSIST WITH SUPPORTED ORGANIZATION'S GIFT ANNUITY OBLIGATION AND SCIENTIFIC DISCOVERY. X X true true X X X X X false false false false false false false false false WILLIAM B NEAVES 0 440014 0 0 0 7747 0 36750 0 12352 0 496863 0 0 ROBERT E KRUMLAUF 0 445902 0 0 0 3437 0 36750 0 14799 0 500888 0 0 DAVID M CHAO 0 1140406 0 0 0 2340 0 36750 0 1420 0 1180916 0 0 RICHARD W BROWN 1702671 0 0 0 29969 0 36750 0 11512 0 1780902 0 0 0 RODERICK L STURGEON 1114083 0 0 0 43776 0 36750 0 15212 0 1209821 0 0 0 DAVID A WELTE 947816 0 0 0 29301 0 36750 0 18547 0 1032414 0 0 0 ALBERZINE FREEMAN 271210 0 0 0 4042 0 36750 0 9510 0 321512 0 0 0 TIMOTHY JGEARY 194986 0 0 0 930 0 29957 0 18496 0 244369 0 0 0 J SCOTT PETTET 171525 0 0 0 517 0 26106 0 16119 0 214267 0 0 0 MICHAEL NEWHOUSE 172511 0 0 0 343 0 26009 0 14484 0 213347 0 0 0 PART I, LINE 1A: SRM HAS A WRITTEN EMPLOYMENT CONTRACT WITH RICHARD W. BROWN, PRESIDENT, WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR SOCIAL CLUB DUES AND PERSONAL USE OF AUTO, THESE ARE TREATED AS TAXABLE COMPENSATION. SRM HAS A WRITTEN EMPLOYMENT CONTRACT WITH RODERICK L. STURGEON, EVP/CFO, WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR CERTAIN TAXABLE BENEFITS INCLUDING PERSONAL USE OF AUTO, TERM LIFE INSURANCE, TAX PLANNING AND TAX RETURN FEES, AND FINANCIAL PLANNING SERVICES. SRM HAS A WRITTEN EMPLOYMENT CONTRACT WITH DAVID A. WELTE, EVP/GENERAL COUNSEL, WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR SOCIAL CLUB DUES AND LIFE INSURANCE. THESE ARE ALSO TREATED AS TAXABLE COMPENSATION. THE CONTRACTS ALSO PROVIDE FOR THE EXECUTIVES TO RECEIVE TAX GROSS-UP PAYMENTS SUFFICIENT TO COVER THE TAXES ON THE TAXABLE BENEFITS. PART I, LINE 1B: SRM PROVIDED THE BENEFITS DESCRIBED IN RESPONSE TO LINE 1A PURSUANT TO WRITTEN EMPLOYMENT CONTRACTS THAT WERE APPROVED BY SRM'S GOVERNING BOARD. SEE RESPONSE TO FORM 990, PART VI, SECTION B, LINE 15 FOR ADDITIONAL PROCESSES RELATED TO DETERMINING SALARY AND BENEFITS FOR OFFICERS. HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HUV9 2003-07-31 215000000 SEE SCHEDULE O false false false HEALTH & ED FACILITIES AUTHORITY OF MO 431178966 60635HVN6 2003-07-31 75000000 SEE SCHEDULE O false false false 0 0 215000000 0 0 0 6245200 0 0 208754800 0 0 2000 true false true true 0 0 75000000 0 0 0 2268638 0 0 72731362 0 0 2005 false false true true 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 true true false 0 false 0 false true true true false 0 false 0 false true X SEE SCHEDULE O. 0 AMERICAN CENTURY INVESTMENTS SEE PART V 1394700 INDIRECT - SEE PART V false PART IV RICHARD W. BROWN, DAVID A. WELTE, AND RODERICK L. STURGEON ARE CURRENT DIRECTORS AND OFFICERS OF SRM AND ALSO DIRECTORS OF AMERICAN CENTURY COMPANIES, INC. ("ACCI"). JAMES E. STOWERS JR., A DIRECTOR OF SRM, IS ALSO THE FOUNDER OF ACCI. SRM, ALONG WITH MR. STOWERS, OTHER STOWERS FAMILY MEMBERS, AND OTHER RELATED PARTIES DISCLOSED IN SCHEDULE R RETAIN A CONTROLLING VOTING INTEREST IN ACCI. SRM RECEIVES INVESTMENT MANAGEMENT SERVICES FROM AMERICAN CENTURY INVESTMENTS ("ACI"). SRM PAYS THE SAME ADMINISTRATIVE FEES FOR THESE SERVICES AS ANY ARMS-LENGTH MUTUAL FUND INVESTOR. THE VALUE OF THESE SERVICES, ESTIMATED BY MULTIPLYING SRM'S AVERAGE AMOUNT OF MUTUAL FUND HOLDING THROUGHOUT THE YEAR BY THE PUBLISHED ADMINISTRATIVE FEE PERCENTAGE FOR THE APPLICABLE FUNDS, WAS APPROXIMATELY $1,394,700. IN SELECTING ACI TO MANAGE ITS LIQUID INVESTMENTS, SRM NOT ONLY SELECTED A HIGH QUALITY MUTUAL FUND COMPANY WITH AN OUTSTANDING TRACK RECORD, BUT ALSO PLACED ITS LIQUID INVESTMENTS IN A COMPANY IN WHICH IT OWNS STOCK AND RECEIVES DIVIDENDS. SRM CURRENTLY OWNS 47% OF THE OUTSTANDING CLASS A STOCK OF ACI. X 1 10105950 FAIR MARKET VALUE X TRIP PACKAGE 1 3000 FAIR MARKET VALUE 0 false true false PART I, COLUMN (B): THE NUMBERS REPORTED IN PART I, COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS, NOT NECESSARILY THE TOTAL NUMBER OF ITEMS CONTRIBUTED. PART III, LINE 1: THE STOWERS RESOURCE MANAGEMENT INC. ("SRM") OPERATES EXCLUSIVELY WITHIN THE MEANING OF CODE SECTIONS 501(C)(3) AND 509(A)(3). SRM'S CHARITABLE PURPOSE IS TO SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION. SRM CURRENTLY SUPPORTS STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR"). SIMR IS A TAX EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3), AND PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(III). SIMR IS ACTIVELY ENGAGED IN SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST. SRM HELPS MANAGE SIMR'S ENDOWMENT, PROVIDES MANAGEMENT SUPPORT, AND FUNDRAISES FOR THEIR BENEFIT. THE MANAGEMENT SUPPORT INVOLVES ASSISTING IN PLANNING FOR THE STRATEGIC DIRECTION OF SIMR, OPERATIONAL PLANNING, DEVELOPMENT, AND IMPLEMENTATION OF STRATEGIC BUSINESS PLANS AND BUDGETS. THE CONTRIBUTIONS, GRANTS, AND INCOME FROM SRM'S ENDOWMENT ARE USED TO SUPPORT THE EXEMPT ACTIVITIES OF SIMR. PART VI, LINE 2: JAMES E. STOWERS JR., VIRGINIA G. STOWERS, AND JAMES E. STOWERS III, DIRECTORS OF SRM, HAVE A FAMILY RELATIONSHIP. CLIFFORD W. ILLIG, WILLIAM B. NEAVES, DAVID M. CHAO, RICHARD W. BROWN, AND RODERICK L. STURGEON, ALL DIRECTORS OF SRM, HAVE A BUSINESS RELATIONSHIP; THEY SERVE ON THE BOARD OF BIOMED VALLEY DISCOVERIES, INC. RICHARD W. BROWN, DAVID A. WELTE, AND RODERICK L. STURGEON HAVE A BUSINESS RELATIONSHIP; THEY SERVE ON THE BOARD OF AMERICAN CENTURY COMPANIES, INC. ("ACCI") AS DESCRIBED IN RESPONSE TO SCHEDULE L, PART IV. PART VI, LINE 6 & 7A: SIMR IS SRM'S SOLE MEMBER AND ELECTS SRM'S BOARD OF DIRECTORS. PART VI, LINE 11B: THE DATA AND INFORMATION NECESSARY TO PREPARE SRM'S FORM 990 IS COMPILED BY THE ACCOUNTING DEPARTMENT AND REVIEWED BY OUR TAX ATTORNEY AT BRYAN CAVE, LLP. PWC, OUR EXTERNAL TAX PREPARERS, USE THIS INFORMATION TO PREPARE THE FORM 990. THE COMPLETED FORM 990, INCLUDING REQUIRED SCHEDULES, IS REVIEWED BY THE OFFICERS OF SRM BEFORE IT IS FILED WITH THE IRS. AFTER THE PREPARATION AND REVIEW PROCESS DETAILED ABOVE, THE FORM 990, INCLUDING REQUIRED SCHEDULES, IS PROVIDED TO EACH VOTING MEMBER OF SRM'S BOARD BEFORE IT IS FILED WITH THE IRS. PART VI, LINE 12C: SRM HAS ADOPTED A "CONFLICTS OF INTEREST AND DIRECTOR INDEPENDENCE POLICY". EACH DIRECTOR, OFFICER, AND OTHER PERSON WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER DECISIONS OF SRM ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A DISCLOSURE STATEMENT. A COVERED PERSON MUST DISCLOSE THE EXISTENCE OF A POTENTIAL CONFLICT AND ALL MATERIAL FACTS TO THE GOVERNING BOARD AS SOON AS THE PERSON HAS KNOWLEDGE THAT A POTENTIAL CONFLICT MIGHT EXIST. SRM ALSO CONDUCTS PERIODIC AND ADHOC REVIEWS OF TRANSACTIONS AND AGREEMENTS TO ENSURE THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT ARE NOT CONSISTENT WITH ITS TAX-EXEMPT PURPOSE. PART VI, LINES 15A & 15B: THE PROCESS FOR DETERMINING THE REASONABLENESS OF THE COMPENSATION FOR SRM'S PRESIDENT, EXECUTIVE VICE-PRESIDENT/CHIEF FINANCIAL OFFICER, AND EXECUTIVE VICE-PRESIDENT/GENERAL COUNSEL INCLUDED RETAINING THE SERVICES OF A NATIONALLY KNOWN COMPENSATION CONSULTANT TO PROVIDE DATA AND ANALYSIS TO DETERMINE COMPARABLE SALARY AND BENEFITS FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. COMPENSATION FOR ALL POSITIONS WAS DOCUMENTED IN EMPLOYMENT CONTRACTS WHICH WERE APPROVED BY THE GOVERNING BODY AS DOCUMENTED IN THE OFFICIAL MINUTES. THE LAST COMPLETED REVIEW PROCESS FOR THE PRESIDENT AND EVP/CFO POSITION WAS IN 2011 AND IN 2009 FOR THE EVP/GENERAL COUNSEL POSITION. ALSO, A REVIEW PROCESS FOR ALL SRM EXECUTIVES WAS COMMENCED IN SPRING 2012. PART VI, LINE 19: STOWERS RESOURCE MANAGEMENT INC.'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART VIII, LINE 2A: SRM RECEIVED EXPENSE REIMBURSEMENTS FROM SIMR, A 501(C)(3) RELATED ORGANIZATION, IN THE AMOUNT OF $17,037,954 FOR SUPPORT SERVICES PROVIDED BY SRM. PART VIII, LINE 2B: SRM RECEIVED EXPENSE REIMBURSEMENTS FROM BVD, A RELATED PARTY, IN THE AMOUNT OF $185,976 FOR ADMINISTRATIVE SUPPORT SERVICES PROVIDED BY SRM. SRM ALLOCATED THE COSTS OF PROVIDING THESE SERVICES TO BVD. PART VIII, LINE 2C: SRM RECEIVED EXPENSE REIMBURSEMENTS FROM SPI, A RELATED PARTY, IN THE AMOUNT OF $12,000 FOR SUPPORT SERVICES PROVIDED BY SRM. PART XI, LINE 5: RECONCILIATION OF OTHER CHANGES IN NET ASSETS OR FUND BALANCES UNREALIZED GAINS ON MUTUAL FUND INVESTMENTS 432,517; UNREALIZED LOSS ON CLASS A STOCK (92,693,770); EQUITY TRANSFER FROM RELATED 501(C)(2) ORG (NOTE 1) 1,239,830; ANNUITY PAYMENT TO SIMR 30,000,000; ACTUARIAL LOSS ON ANNUITY OBLIGATION (20,199,202); TOTAL OTHER CHANGES IN NET ASSETS (81,220,625) NOTE 1: SRM ACCRUED PASS-THROUGH AMOUNTS OF $1,239,830 FROM STOWERS REAL ESTATE HOLDING CORPORATION ("SREHC"). SREHC REMITTED THE AMOUNT TO SRM IN 2012. SRM IS THE TAX EXEMPT PARENT OF SREHC. SREHC IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C) (2) OF THE CODE, AND AS SUCH IS ORGANIZED TO HOLD TITLE TO REAL PROPERTY, COLLECT THE INCOME THEREFROM, AND REMIT THE ENTIRE AMOUNT, LESS EXPENSES AND REASONABLY NECESSARY CASH RESERVES TO ITS TAX EXEMPT PARENT, SRM. SREHC'S PASS-THROUGH NET INCOME COMES FROM THEIR MARCH 1, 2009 LEASE OF REAL PROPERTY TO STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR"); SIMR IS A SUPPORTED ORGANIZATION OF SRM. SCHEDULE K, $215,000,000 BOND ISSUE SERIES: PART I, LINE A, COLUMN D - ORIGINAL ISSUE DATE OF JULY 26, 2000, AS FILED ON FORM 8038. MATERIAL MODIFICATION OF BOND INDENTURES WHEN AMENDED TO ALLOW AUCTION RATE PROVISION TREATED AS REISSUANCE UNDER NOTICE 88-130 FOR FEDERAL TAX PURPOSES WITH FORM 8038 FILING ON JULY 31, 2003, SO SRM IS FILING SCHEDULE K. PART I, LINE A, COLUMN F - SRM AND STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") ARE THE TWO MEMBERS OF AN OBLIGATED BOND GROUP FOR THESE TAX-EXEMPT BONDS; SRM IS A SUPPORTING ORGANIZATION OF SIMR AS DESCRIBED IN SRM'S MISSION STATEMENT AND REPORTED ON SCHEDULE R. THE BONDS WERE ISSUED FOR THE PURPOSE OF PURCHASING AN EXISTING MEDICAL CENTER AND SURROUNDING BUILDINGS, STRIPPING THE STRUCTURES TO THEIR INFRASTRUCTURE AND RECONSTRUCTING A STATE OF THE ART MEDICAL RESEARCH FACILITY FOR SIMR. PART II, LINE 7 - REPORTED ISSUANCE COSTS OF $6,245,000 INCLUDES $4,973,000 IN BOND INSURANCE PREMIUMS AND LIQUIDITY FACILITY FEES. PART II, LINE 10 - BOND ISSUE INCLUDES A REFUNDING OF BOND SERIES ISSUED IN 1998 OF $125,000,000 AND REMAINDER WAS USED TO FINANCE CAPITAL EXPENDITURES AS DESCRIBED IN PART I, COLUMN F. PART II, LINE 14 - $215,000,000 BOND ISSUE OF JULY 26, 2000, WAS PARTIALLY ISSUED TO RETIRE 1998 PRIOR BOND ISSUE OF $125,000,000. THE $125,000,000 BOND ISSUE WAS PAID OFF IN FULL IN OCTOBER 2000. SCHEDULE K, $75,000,000 BOND ISSUE SERIES: PART I, LINE B, COLUMN D - ORIGINAL ISSUE DATE OF MARCH 15, 2002, AS FILED ON FORM 8038. MATERIAL MODIFICATION OF BOND INDENTURES WHEN AMENDED TO ALLOW AUCTION RATE PROVISION TREATED AS REISSUANCE UNDER NOTICE 88-130 FOR FEDERAL TAX PURPOSES WITH FORM 8038 FILING ON JULY 31, 2003, SO SRM IS FILING SCHEDULE K. PART I, LINE B, COLUMN F - SRM AND STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") ARE THE TWO MEMBERS OF AN OBLIGATED BOND GROUP FOR THESE TAX-EXEMPT BONDS; SRM IS A SUPPORTING ORGANIZATION OF SIMR AS DESCRIBED IN SRM'S MISSION STATEMENT AND REPORTED ON SCHEDULE R. THE BONDS WERE ISSUED FOR THE PURPOSE OF INTERIOR FINISH, FURNISHING AND EQUIPPING OF THE SHELL PORTION OF SIMR'S MEDICAL RESEARCH FACILITY THAT IS DESCRIBED ABOVE IN LINE A. PART II, LINE 7 - REPORTED ISSUANCE COSTS OF $2,268,638 INCLUDES $1,720,000 IN BOND INSURANCE PREMIUMS AND LIQUIDITY FACILITY FEES. SCHEDULE K, PART IV, OTHER BOND INFORMATION: IN RESPONSE TO THE VOLATILITY IN THE AUCTION RATE SECURITIES (ARS) MARKET, THE SEC'S DIVISION OF TRADING AND MARKETS AND DIVISION OF CORPORATE FINANCE ISSUED GUIDELINES UNDER WHICH THE SEC WOULD ALLOW ISSUERS TO BID ON AND REPURCHASE THEIR OWN SECURITIES. THESE REPURCHASED BONDS ARE NOT LEGALLY RETIRED AND CAN BE RESOLD IN THE ARS MARKET BY THE ISSUER. THE ORGANIZATION, OPERATING WITHIN THESE GUIDELINES, HAS BID ON AND PURCHASED SOME OF THEIR OWN SECURITIES. ALL THE BONDS ARE PLACED UP FOR BID IN WEEKLY ARS AUCTIONS. THE CARRYING AMOUNT OF THE TOTAL BONDS PAYABLE OUTSTANDING AT DECEMBER 31, 2011 IS $4,850,000 AS REPORTED ON FORM 990, PART X, BALANCE SHEET. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:WILLIAM B. NEAVES TITLE:DIRECTOR HOURS:44 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ROBERT E. KRUMLAUF TITLE:DIRECTOR HOURS:40 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DAVID M. CHAO TITLE:DIRECTOR HOURS:42 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:RICHARD W. BROWN TITLE:DIRECTOR/CHAIR/PRESIDENT/CEO HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:RODERICK L. STURGEON TITLE:DIRECTOR/EVP/CFO HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DAVID A. WELTE TITLE:DIRECTOR/SEC/GENERAL COUNSEL HOURS:8 STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 203270502 MEDICAL RSRCH DE 501(C)(3) 4 NA false STOWERS REAL ESTATE HOLDING CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 261472230 TITLE HOLDING DE 501(C)(2) N/A SRM true BIOMED VALLEY CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 743238244 SUPPORT ORG DE 501(C)(3) 11A-TYPE I SIMR false STOWERS SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(C)(3) 11A-TYPE I SIMR false STOWERS POLICY INSTITUTE INC 1000 EAST 50TH STREET KANSAS CITY MO 64110 203270502 SEE PART VII DE 501(C)(4) N/A SIMR false THE GRADUATE SCHOOL OF SIMR 1000 EAST 50TH STREET KANSAS CITY MO 64110 274482762 EDUCATION DE 501(C)(3) 2 SIMR false AVANTI FUND LLC PO BOX 418210 KANSAS CITY MO 64111 205617851 INVESTING MO NA EXCLUDED 1229863 92041895 false 0 false 0.51203 BIOMED VALLEY DISCOVERIES INC 4520 MAIN STREET STE 1650 KANSAS CITY MO 64111 061646533 SEE PART VII DE NA C CORP 0 0 0.00000 false true false false false false false false false false false false true true true true false true STOWERS REAL ESTATE HOLDING CORPORATION R 1239830 SEE PART VII PART II, LINE 5, COLUMN B: STOWERS POLICY INSTITUTE INC. ("SPI") IS AN ADVOCATE FOR A POLITICAL, ECONOMIC, AND SOCIAL ENVIRONMENT THAT ADVANCES AND PROTECTS BIOMEDICAL RESEARCH AND CURES. PART IV, COLUMN B: BIOMED VALLEY DISCOVERIES INC.'S PRIMARY ACTIVITY IS DEVELOPMENT AND MARKETING OF SCIENTIFIC DISCOVERIES. BIOMED VALLEY CORPORATION IS 100% SHAREHOLDER OF BVD. PART V: SRM DID ACCRUE PASS-THROUGH AMOUNT OF $1,239,830 FROM STOWERS REAL ESTATE HOLDING CORPORATION ("SREHC"). SREHC REMITTED THE AMOUNT TO SRM IN 2012. SRM IS THE TAX EXEMPT PARENT OF SREHC. SREHC IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(2) OF THE CODE, AND AS SUCH, SREHC REMITS THEIR NET INCOME TO ITS TAX EXEMPT PARENT, SRM.