Stowers Resource Management Inc
95% goes to programs $26 to raise $100 Strong reserves
Stowers Resource Management Inc is a 501(c)(3) organization based in Kansas City, Missouri, registered in 2006, with $157,132,392 in FY2023 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
1000 E 50th St, Kansas City, MO, 64110 EIN 41-2186719 Since 2006
Revenue (FY2023)
$157.1M
▲ 649.5% vs prior year
Diseases median: $206K
Expenses (FY2023)
$172.4M
Net assets
$1.7B
Employees
162
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating95% to programs · $26 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Stowers Resource Management Inc: 95% to programs · $26 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating118 mo reserves · -10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Stowers Resource Management Inc: 118 mo reserves · -10% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Stowers Resource Management Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Stowers Resource Management Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Stowers resource management ("srm") supports the activities of stowers institute for medical research ("simr") which conducts basic cell and molecular biology research and the graduate school of the stowers institute for medical research ("gssimr") which provides graduate education that will prepare scholars for scientific research in the biological sciences.
What they do
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 $39,766,344 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.
Contact & location
- Address
- 1000 E 50th St, Kansas City, MO, 64110
- City
- Kansas City
- State
- Missouri
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $126.1M (FY2013) to $157.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $301.7MNet assets $1.7B
Operating margin
-9.7%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$301.7M
Net assets
$1.7B
Salaries & benefits
$26.8M
16% of expenses
Board members
17
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $157,132,392▲650% | $172,408,024▲151% | $1,696,537,242▲16.4% | $1,998,285,855▲13.9% | 990 |
| 2022 | $20,963,626▼90.2% | $68,679,277▼62.9% | $1,458,060,009▼30.1% | $1,754,575,141▼26.4% | 990 |
| 2021 | $214,490,886▲51.4% | $185,361,459▲34.8% | $2,087,148,498▲39.0% | $2,385,097,265▲26.7% | 990 |
| 2020 | $141,682,849▼3.6% | $137,502,908▲1.0% | $1,501,074,069▲31.1% | $1,882,453,562▲22.9% | 990 |
| 2019 | $146,917,676▲5.7% | $136,077,997▼9.0% | $1,144,921,230▲19.6% | $1,532,123,017▲13.9% | 990 |
| 2018 | $138,983,898▲0.9% | $149,463,541▲12.1% | $957,624,157▼41.3% | $1,345,381,104▼33.5% | 990 |
| 2017 | $137,750,486▲31.4% | $133,359,673▲14.2% | $1,632,431,344▲33.8% | $2,024,327,697▲23.8% | 990 |
| 2016 | $104,811,058▼2.3% | $116,735,715▼17.0% | $1,220,055,273▲5.7% | $1,634,891,316▲4.7% | 990 |
| 2015 | $107,289,362▼15.2% | $140,652,740▲7.5% | $1,154,651,401▼22.9% | $1,561,934,348▼4.2% | 990 |
| 2014 | $126,476,511▲0.3% | $130,890,869▲9.6% | $1,498,234,302▲1.9% | $1,630,283,118▼1.9% | 990 |
| 2013 | $126,072,923 | $119,437,415▼32.0% | $1,470,527,666▲44.2% | $1,661,318,838▲36.0% | 990 |
| 2012 | — | $175,579,510▲63.8% | $1,019,953,200▲18.3% | $1,221,717,886▲13.9% | 990 |
| 2011 | — | $107,183,396 | $861,983,575 | $1,072,415,838 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Richard W Brown — $2,963,544 (1.72% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard W Brown | Director/chair/pres/ceo | 40 | $2,963,544 |
| Patrick Mitchell Jr | Vp of Hr Thru 9/28/23 | 40 | $1,161,799 |
| Charles German | Director/evp/general Counsel | 40 | $1,110,953 |
| Penny M Spence | Evp/cfo | 40 | $715,752 |
| George L Satterlee | Director /evp/hr | 40 | $494,387 |
| Jennifer H Pawlosky | Chief of Staff/vp of Comm | 40 | $472,097 |
| Kim Chee | Vp of Finance | 40 | $318,317 |
| Joselyn Verschelden | Vp/deputy Gen Counsel | 40 | $292,582 |
| Timothy J Geary | Dir of Ops and Services | 40 | $272,494 |
| Michael Newhouse | Former Dir of It Ops | 0 | $256,250 |
| Jessica Witt | Dir of It | 40 | $244,298 |
| Tonyea Inglis | Vp of Regulatory Affairs | 40 | $210,957 |
| Katy Graham | Dir of Accounting | 40 | $173,197 |
| Shaun Price | Dir of Info Security | 40 | $167,133 |
| Evelyn Travnik | Vp/cio | 40 | $14,222 |
| Alberzine Freeman | Director | 2 | — |
| Alejandro Snchez Alvarado | Director | 2 | — |
| Brent Kreider | Director | 2 | — |
| Cici Rojas | Director | 2 | — |
| Clifford W Illig | Director | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| American Century Investment | Indirect - See Schedule O | $1,311,917 |
| Midwest Contract Services | Cleaning & Maintenance | $938,160 |
| Bryan Cave Leighton Paisner LLP | Legal Services | $901,906 |
| Forvis LLP | Audit & Tax Services | $412,322 |
| Maggio & Katter PC | Legal Services | $366,595 |
Grants received · $2.5M total
5 grants to Stowers Resource Management Inc totaling $2.5M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Fdn of Greater Des Moines | Grant distribution | 2022 | $10,000 |
| Stowers Institute For Medical Research | See part iv | 2021 | $2,355,848 |
| Greater Kansas City Community Foundation | Medical research | 2016 | $43,271 |
| Greater Kansas City Community Foundation | Recreation & sports | 2015 | $24,895 |
| Greater Kansas City Community Foundation | Charitable | 2014 | $26,535 |
Grants made · $115.0M in FY2023
2 grants totaling $115.0M in FY2023. All grants made by Stowers Resource Management Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Stowers Institute For Medical Research | See part iv | $93,000,000 |
| Biomed Valley Corporation | See part iv | $22,000,000 |
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Frequently asked questions
- Is Stowers Resource Management Inc a legitimate nonprofit?
- Yes. Stowers Resource Management Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-2186719, based in Kansas City, Missouri. Donations are tax-deductible.
- What is Stowers Resource Management Inc's EIN?
- Stowers Resource Management Inc's Employer Identification Number (EIN) is 41-2186719.
- How much revenue does Stowers Resource Management Inc report?
- Stowers Resource Management Inc reported $157,132,392 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Stowers Resource Management Inc's spending goes to programs?
- Stowers Resource Management Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Stowers Resource Management Inc have?
- CharityIndex grades Stowers Resource Management Inc A, based on program efficiency and fundraising cost.
- How much does Stowers Resource Management Inc's highest-paid employee make?
- The highest reported compensation on Stowers Resource Management Inc's latest Form 990 is $2,963,544, paid to Richard W Brown (Director/chair/pres/ceo).
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Data for Stowers Resource Management Inc (EIN 41-2186719) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.