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← STOWERS POLICY INSTITUTE INC

Form 990 for tax year 2024

Filed by STOWERS POLICY INSTITUTE INC.

Totals

Total revenue
$812,870
Total expenses
$276,642
Contributions and grants received
$0
Grants paid
$200,000
Program service revenue
$0
Investment income
$812,870
Other revenue
$0
Total assets, end of year
$31,951,466
Total liabilities, end of year
$2,000
Net assets or fund balances, end of year
$31,949,466
Program services expenses (Part IX)
$200,000
Management and general expenses
$76,642
Fundraising expenses
$0
Program service expenses (Part III)
$200,000

Program services were 72.3% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $803,927 · excluded $803,927

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $237,000

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

    securities $228,057

  • 7c · Gain or loss

    securities $8,943 · other assets $0

  • 7d · Net gain or loss

    total $8,943 · excluded $8,943

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 11b · Fees: legal

    total $38,567 · management and general $38,567

  • 11c · Fees: accounting

    total $38,075 · management and general $38,075

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,871 · end of year $5,256

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $28,768,076 · end of year $31,646,133

  • 12 · Investments: other securities

    beginning of year $298,056 · end of year $300,077

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $10,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $2,000

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $29,082,003 · end of year $31,949,466

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

STOWERS POLICY INSTITUTE INC.'S ("SPI") EXEMPT PURPOSE IS TO PROMOTE INNOVATIVE AND ETHICAL BIOMEDICAL RESEARCH, THERAPIES, AND (CONTINUED ON SCHEDULE O)

  • FINANCIAL SUPPORT - TO FURTHER SPI'S EXEMPT PURPOSE, SPI PROVIDED FINANCIAL SUPPORT TO OTHER 501(C)(4) TAX-EXEMPT ORGANIZATIONS THAT WERE ENGAGED IN ACTIVITIES DESCRIBED IN SPI'S PRIMARY EXEMPT PURPOSE. SPI PROVIDED THIS SUPPORT TO FACILITATE THESE ORGANIZATIONS' ABILITY TO PROMOTE INNOVATIVE AND ETHICAL BIOMEDICAL RESEARCH, THERAPIES AND CURES, AND TO ADVOCATE FOR A POLITICAL, ECONOMIC, AND SOCIAL ENVIRONMENT THAT ADVANCES, FACILITATES AND PROTECTS THAT RESEARCH.

    Expenses $200,000 · Grants $200,000

As filed on the 2024 return.

Listed in Part VII

  • Charles German

    DIRECTOR/SECRETARY

    Total calculated
    $1,246,306
    From this org
    $0
    From related orgs
    $1,165,721
    Other
    $80,585
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,146,011 related
    Bonus
    $0
    Other
    $0 + $19,710 related
    Deferred
    $0 + $51,750 related
    Nontaxable benefits
    $0 + $28,835 related
    Filer's total
    $0 + $1,246,306 related

  • Jonathan Thomas

    DIRECTOR/PRESIDENT BEGINNING OF SERVICE 3/24/25

    Total calculated
    $0
    Hours/week
    1 + 16 related

  • Penny M Spence

    DIRECTOR/CFO/TREASURER THRU 4/8/25

    Total calculated
    $833,432
    From this org
    $0
    From related orgs
    $753,782
    Other
    $79,650
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $752,972 related
    Bonus
    $0
    Other
    $0 + $810 related
    Deferred
    $0 + $51,750 related
    Nontaxable benefits
    $0 + $27,900 related
    Filer's total
    $0 + $833,432 related

  • Richard W Brown

    DIRECTOR/PRESIDENT DECEASED 3/27/25

    Total calculated
    $3,206,337
    From this org
    $0
    From related orgs
    $3,103,954
    Other
    $102,383
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $3,054,433 related
    Bonus
    $0
    Other
    $0 + $49,521 related
    Deferred
    $0 + $51,750 related
    Nontaxable benefits
    $0 + $50,633 related
    Filer's total
    $0 + $3,206,337 related

  • David A Welte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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 3 EXPLANATION OF COMPENSATION
RICHARD W. BROWN (DECEASED MARCH 27, 2025) RECEIVED COMPENSATION FROM STOWERS RESOURCE MANAGEMENT ("SRM") IN HIS FULL-TIME ROLE AS PRESIDENT OF SRM. PENNY M. SPENCE (THROUGH APRIL 8, 2025) RECEIVED COMPENSATION FROM SRM IN HER FULL-TIME ROLE AS EXECUTIVE VICE-PRESIDENT AND CFO OF SRM. CHARLES GERMAN RECEIVED COMPENSATION FROM SRM IN HIS FULL-TIME ROLE AS EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL OF SRM. SRM FOLLOWS THE PROCEDURES OF THE REBUTTABLE PRESUMPTION TO ESTABLISH THEIR COMPENSATION INCLUDING RETAINING THE SERVICES OF AN INDEPENDENT NATIONALLY KNOWN COMPENSATION CONSULTANT AND USING COMPENSATION COMMITTEES.

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

  • MISSOURI COALITION FOR LIFESAVING CURES

    $200,000

    FINANCIAL SUPPORT TO EXEMPT ORGANIZATION, MISSOURI COALITION FOR LIFESAVING CURES, INC., THAT IS ACTIVELY ENGAGED IN SIMILAR ACTIVITES AS DESCRIBED IN SPI'S EXEMPT PURPOSE.

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 DISCOVERIES INC

    C Corporation · SEE PART VII · DE

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.1
Source object
202611329349302901

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