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← STOWERS INSTITUTE FOR MEDICAL RESEARCH

Form 990 for tax year 2022

Filed by STOWERS INSTITUTE FOR MEDICAL RESEARCH.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 26 April 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$48,749,381 changed to $41,036,545
Total expenses
$90,993,628 changed to $49,502,290
Contributions and grants received
$49,795,383 changed to $39,639,310
Grants paid
$5,000 changed to $0
Program service revenue
$182,534 changed to $46,238
Investment income
-$2,315,054 changed to $299,128
Other revenue
$1,086,518 changed to $1,051,869
Total assets, end of year
$209,016,203 changed to $199,176,169
Total liabilities, end of year
$31,698,886 changed to $29,624,485
Net assets or fund balances, end of year
$177,317,317 changed to $169,551,684
Program services expenses
$53,234,152 changed to $30,264,676
Management and general expenses
$37,759,476 changed to $19,237,614
Program service expenses (Part III)
$53,234,152 changed to $30,264,676

Listed only on the earlier return

  • Jerry L Workman
  • Linheng Li
  • Matthew C Gibson
  • R Scott Hawley
  • Robert E Krumlauf

Listed under a different title

  • Alejandro Snchez Alvarado: DIR/CHIEF SCIENTIFIC OFFICER then DIR/PRESIDENT/CHIEF SCIENTIFIC OFFICER
  • Brent Kreider: COO THRU 3/31/22/DIRECTOR then DIRECTOR
  • George L Satterlee: DIRECTOR AS OF 1/1/22 then DIRECTOR
  • Kausik Si: SCIENTIFIC DIRECTOR then DIRECTOR AS OF 6/1/23

Totals

Total revenue
$48,749,381
Total expenses
$90,993,628
Contributions and grants received
$49,795,383
Grants paid
$5,000
Program service revenue
$182,534
Investment income
-$2,315,054
Other revenue
$1,086,518
Total assets, end of year
$209,016,203
Total liabilities, end of year
$31,698,886
Net assets or fund balances, end of year
$177,317,317
Program services expenses (Part IX)
$53,234,152
Management and general expenses
$37,759,476
Fundraising expenses
$0
Program service expenses (Part III)
$53,234,152

Program services were 58.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $43,100,000

  • 1e · Government grants (contributions)

    $5,973,731

  • 1f · All other contributions, gifts and grants

    $721,652

  • 1g · Noncash contributions included above

    $43,124,000

  • 2a · Program service revenue: COLLABORATION FEE FROM HHMI 501(C)(3)

    total $182,534 · related or exempt $182,534

  • 3 · Investment income

    total $1,213,977 · excluded $1,213,977

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $1,024,358 · excluded $1,024,358

  • 6a · Gross rents

    real property $15,757

  • 6b · Less rental expenses

    real property $15,757

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $89,010,656 · other assets $200,199

  • 7b · Less cost or other basis and sales expenses

    securities $92,599,253 · other assets $140,553

  • 7c · Gain or loss

    securities -$3,588,597 · other assets $59,646

  • 7d · Net gain or loss

    total -$3,529,031 · excluded -$3,529,031

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER REBATES & REVENUE

    total $62,160 · excluded $62,160

  • 11e · Other revenue, total

    $62,160

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,032,517 · program services $929,265 · management and general $103,252 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $815,278 · program services $733,750 · management and general $81,528 · fundraising $0

  • 7 · Other salaries and wages

    total $23,621,461 · program services $21,259,315 · management and general $2,362,146 · fundraising $0

  • 8 · Pension plan contributions

    total $2,846,434 · program services $2,561,791 · management and general $284,643 · fundraising $0

  • 9 · Other employee benefits

    total $4,044,468 · program services $3,640,021 · management and general $404,447 · fundraising $0

  • 10 · Payroll taxes

    total $1,325,809 · program services $1,193,228 · management and general $132,581 · fundraising $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $18,255 · program services $0 · management and general $18,255 · fundraising $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $1,488 · program services $0 · management and general $1,488 · fundraising $0

  • 11g · Fees: other

    total $502,858 · program services $452,572 · management and general $50,286 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $119,775 · program services $107,797 · management and general $11,978 · fundraising $0

  • 14 · Information technology

    total $308,696 · program services $277,826 · management and general $30,870 · fundraising $0

  • 15 · Royalties

    total $511,180 · program services $511,180 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $2,407,929 · program services $2,167,136 · management and general $240,793 · fundraising $0

  • 17 · Travel

    total $1,027,977 · program services $925,179 · management and general $102,798 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $551,649 · program services $496,484 · management and general $55,165 · fundraising $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $9,163,217 · program services $9,163,217 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: COST-SHARING W/RELATED ORG

    total $33,788,313 · program services $0 · management and general $33,788,313 · fundraising $0

  • 24b · Other expenses: LAB SUPPLIES

    total $6,011,891 · program services $6,011,891 · management and general $0 · fundraising $0

  • 24c · Other expenses: PER CAPITA APPROP. TO GSSIMR

    total $1,980,105 · program services $1,980,105 · management and general $0 · fundraising $0

  • 24d · Other expenses: NON-CAPITAL EQUIPMENT

    total $298,623 · program services $268,760 · management and general $29,863 · fundraising $0

  • 24e · All other expenses

    total $610,705 · program services $549,635 · management and general $61,070

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,719,818 · end of year $1,190,317

  • 3 · Pledges and grants receivable

    beginning of year $716,699 · end of year $683,709

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $2,336 · end of year $2,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $463,248 · end of year $281,518

  • 10a · Land, buildings and equipment: cost or other basis

    $345,809,317

  • 10b · Land, buildings and equipment: accumulated depreciation

    $212,355,132

  • 10c · Land, buildings and equipment, net

    beginning of year $127,914,982 · end of year $133,454,185

  • 11 · Investments: publicly traded securities

    beginning of year $106,646,203 · end of year $57,510,459

  • 12 · Investments: other securities

    beginning of year $812,438 · end of year $2,560,138

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $248,571 · end of year $13,333,138

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,749,176 · end of year $8,183,834

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $416,231 · end of year $311,214

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $8,741,120 · end of year $23,203,838

  • 27 · Net assets without donor restrictions

    beginning of year $220,358,046 · end of year $176,888,078

  • 28 · Net assets with donor restrictions

    beginning of year $259,722 · end of year $429,239

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

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.

  • SIMR'S ACCOMPLISHMENTS ARE DESCRIBED IN SCHEDULE O.

    Expenses $53,234,152 · Grants $5,000 · Revenue $182,534

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard W Brown

    DIRECTOR/CHAIR

    Total calculated
    $2,880,761
    From this org
    $0
    From related orgs
    $2,813,862
    Other
    $66,899
    Hours/week
    2 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,771,091 related
    Bonus
    $0
    Other
    $0 + $42,771 related
    Deferred
    $0 + $45,750 related
    Nontaxable benefits
    $0 + $21,149 related
    Filer's total
    $0 + $2,880,761 related

  • Kausik Si

    SCIENTIFIC DIRECTOR

    Total calculated
    $1,490,208
    From this org
    $416,310
    From related orgs
    $0
    Other
    $1,073,898
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $415,185
    Bonus
    $0
    Other
    $1,125
    Deferred
    $1,045,750
    Nontaxable benefits
    $28,148
    Filer's total
    $1,490,208

  • Matthew C Gibson

    INVESTIGATOR

    Total calculated
    $1,360,940
    From this org
    $288,587
    From related orgs
    $0
    Other
    $1,072,353
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $287,475
    Bonus
    $0
    Other
    $1,112
    Deferred
    $1,043,847
    Nontaxable benefits
    $28,506
    Filer's total
    $1,360,940

  • Charles German

    DIRECTOR/SECRETARY

    Total calculated
    $1,126,107
    From this org
    $0
    From related orgs
    $1,059,057
    Other
    $67,050
    Hours/week
    2 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,040,079 related
    Bonus
    $0
    Other
    $0 + $18,978 related
    Deferred
    $0 + $45,750 related
    Nontaxable benefits
    $0 + $21,300 related
    Filer's total
    $0 + $1,126,107 related

  • Brent Kreider

    COO THRU 3/31/22/DIRECTOR

    Total calculated
    $784,976
    From this org
    $0
    From related orgs
    $712,540
    Other
    $72,436
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $702,298 related
    Bonus
    $0
    Other
    $0 + $10,242 related
    Deferred
    $0 + $45,750 related
    Nontaxable benefits
    $0 + $26,686 related
    Filer's total
    $0 + $784,976 related

  • Robert E Krumlauf

    SCIENTIFIC DIRECTOR EMERITUS

    Total calculated
    $644,238
    From this org
    $574,733
    From related orgs
    $0
    Other
    $69,505
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $318,882
    Bonus
    $0
    Other
    $255,851
    Deferred
    $45,750
    Nontaxable benefits
    $23,755
    Filer's total
    $644,238

  • Penny M Spence

    CFO

    Total calculated
    $600,033
    From this org
    $0
    From related orgs
    $537,787
    Other
    $62,246
    Hours/week
    2 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $537,007 related
    Bonus
    $0
    Other
    $0 + $780 related
    Deferred
    $0 + $45,750 related
    Nontaxable benefits
    $0 + $16,496 related
    Filer's total
    $0 + $600,033 related

  • George L Satterlee

    DIRECTOR AS OF 1/1/22

    Total calculated
    $538,484
    From this org
    $0
    From related orgs
    $471,260
    Other
    $67,224
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $467,828 related
    Bonus
    $0
    Other
    $0 + $3,432 related
    Deferred
    $0 + $45,750 related
    Nontaxable benefits
    $0 + $21,474 related
    Filer's total
    $0 + $538,484 related

  • Jerry L Workman

    INVESTIGATOR

    Total calculated
    $473,101
    From this org
    $414,539
    From related orgs
    $0
    Other
    $58,562
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $388,368
    Bonus
    $0
    Other
    $26,171
    Deferred
    $45,750
    Nontaxable benefits
    $12,812
    Filer's total
    $473,101

  • R Scott Hawley

    INVESTIGATOR

    Total calculated
    $392,497
    From this org
    $325,447
    From related orgs
    $0
    Other
    $67,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $321,411
    Bonus
    $0
    Other
    $4,036
    Deferred
    $45,750
    Nontaxable benefits
    $21,300
    Filer's total
    $392,497

  • Linheng Li

    INVESTIGATOR

    Total calculated
    $356,255
    From this org
    $284,789
    From related orgs
    $0
    Other
    $71,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,357
    Bonus
    $0
    Other
    $3,432
    Deferred
    $42,929
    Nontaxable benefits
    $28,537
    Filer's total
    $356,255

  • Alejandro Snchez Alvarado

    DIR/CHIEF SCIENTIFIC OFFICER

    Total calculated
    $219,884
    From this org
    $202,731
    From related orgs
    $0
    Other
    $17,153
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $114,350
    Bonus
    $0
    Other
    $88,381
    Deferred
    $17,153
    Nontaxable benefits
    $0
    Filer's total
    $219,884

  • David A Welte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 7 related

  • Alberzine Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Jonathan Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A
SIMR paid for first-class travel for Alejandro Sanchez Alvarado in one instance, and Scott Hawley in two instances. Neither individual was taxed on the benefit since the travel was for business purposes.
SCHEDULE J, PART I, LINE 4B
2022 2022 ACCRUAL DISTRIBUTION KAUSIK SI 1,000,000 - MATT GIBSON 1,000,000 -
SCHEDULE J, PART I, LINE 5A
SIMR MADE A PAYMENT OF $251,090 TO ROBERT E. KRUMLAUF, SCIENTIFIC DIRECTOR. THIS PAYMENT REPRESENTS THE PORTION OF THE NET ROYALTIES RECEIVED BY SIMR FOR LICENSED SCIENTIFIC DISCOVERY TECHNOLOGY THAT IS PAYABLE TO ROBERT E. KRUMLAUF, PH.D., FOR HIS PARTICIPATION IN THE DISCOVERY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BIOMED VALLEY DISCOVERIESINC

    C CORP · SEE PART VII · DE · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by BVC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313079349300241

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