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← GRADUATE SCHOOL OF THE STOWERS INSTITUTE FOR MEDICAL RESEARCH

Form 990 for tax year 2022

Filed by GRADUATE SCHOOL OF THE 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This return was superseded by a later amendment.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 Part I totals and the names listed in Part VII 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
$2,217,418 changed to $1,004,820
Total expenses
$1,870,869 changed to $1,169,795
Contributions and grants received
$225,000 changed to $0
Grants paid
$36,635 changed to $0
Program service revenue
$1,980,105 changed to $974,160
Investment income
$12,051 changed to $30,366
Other revenue
$262 changed to $294
Total assets, end of year
$5,843,022 changed to $5,689,506
Total liabilities, end of year
$222,694 changed to $205,717
Net assets or fund balances, end of year
$5,620,328 changed to $5,483,789
Program services expenses
$928,031 changed to $677,237
Management and general expenses
$942,838 changed to $492,558
Program service expenses (Part III)
$928,031 changed to $677,237

Listed only on the earlier return

  • GEORGE L SATTERLEE
  • R SCOTT HAWLEY
  • SUSAN WEIGEL

Listed under a different title

  • CAROLINE KANE: DIRECTOR & CHAIR AS OF 1/1/2022 then DIRECTOR & CHAIR
  • NIPAM PATEL: DIRECTOR AS OF 1/1/2022 then DIRECTOR
  • PATRICK MITCHELL JR: HUMAN RESOURCES OFFICER AS OF 4/20/2022 then HUMAN RESOURCES OFFICER
  • PAULYN CARTWRIGHT: DIRECTOR AS OF 1/1/2022 then DIRECTOR

Totals

Total revenue
$2,217,418
Total expenses
$1,870,869
Contributions and grants received
$225,000
Grants paid
$36,635
Program service revenue
$1,980,105
Investment income
$12,051
Other revenue
$262
Total assets, end of year
$5,843,022
Total liabilities, end of year
$222,694
Net assets or fund balances, end of year
$5,620,328
Program services expenses (Part IX)
$928,031
Management and general expenses
$942,838
Fundraising expenses
$0
Program service expenses (Part III)
$928,031

Program services were 49.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BETTY DREES

    DIRECTOR & PRESIDENT

    Total calculated
    $137,061
    From this org
    $120,616
    From related orgs
    $0
    Other
    $16,445
    Hours/week
    8

  • CAROLINE KANE

    DIRECTOR & CHAIR AS OF 1/1/2022

    Total calculated
    $0
    Hours/week
    2

  • ALEJANDRO SNCHEZ ALVARADO

    DIRECTOR

    Total calculated
    $219,884
    From this org
    $0
    From related orgs
    $202,731
    Other
    $17,153
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

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

  • CARL RHODES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LOIS NORA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NIPAM PATEL

    DIRECTOR AS OF 1/1/2022

    Total calculated
    $0
    Hours/week
    2

  • PAULYN CARTWRIGHT

    DIRECTOR AS OF 1/1/2022

    Total calculated
    $0
    Hours/week
    2

  • GEORGE L SATTERLEE

    HUMAN RESOURCES OFFICER THRU 4/19/2022

    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

  • HAYLEY HANSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW C GIBSON

    DEAN

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

    Schedule J breakdown matched by us

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

  • PATRICK MITCHELL JR

    HUMAN RESOURCES OFFICER AS OF 4/20/2022

    Total calculated
    $437,059
    From this org
    $0
    From related orgs
    $362,772
    Other
    $74,287
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,992 related
    Bonus
    $0
    Other
    $0 + $780 related
    Deferred
    $0 + $45,750 related
    Nontaxable benefits
    $0 + $28,537 related
    Filer's total
    $0 + $437,059 related

  • PENNY M SPENCE

    CFO/TREASURER

    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

  • SUSAN WEIGEL

    ASSOCIATE DEAN FOR ADMIN

    Total calculated
    $160,307
    From this org
    $120,900
    From related orgs
    $0
    Other
    $39,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,918
    Bonus
    $0
    Other
    $982
    Deferred
    $18,559
    Nontaxable benefits
    $20,848
    Filer's total
    $160,307

  • R SCOTT HAWLEY

    FORMER VICE PRESIDENT AND DEAN

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

    Schedule J breakdown matched by us

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
MATTHEW C. GIBSON PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AT A RELATED ORGANIZATION. FOR THE TAX YEAR $1,000,000 WAS ACCRUED AND NONE WAS PAID OUT.
Schedule J, Part II
PENNY M. SPENCE RECEIVED COMPENSATION FROM STOWERS RESOURCE MANAGEMENT INC. ("SRM") IN HER FULL-TIME ROLE AS EXECUTIVE VICE-PRESIDENT AND CFO OF SRM. ALEJANDRO SANCHEZ ALVARADO RECEIVED COMPENSATION FROM STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") IN HIS FULL-TIME ROLE AS CHIEF SCIENTIFIC OFFICER OF SIMR. MATTHEW C. GIBSON RECEIVED COMPENSATION FROM SIMR IN HIS FULL-TIME ROLE AS INVESTIGATOR. BOTH SRM AND SIMR FOLLOW THE PROCEDURES OF THE REBUTTABLE PRESUMPTION, FOR SPENCE, SANCHEZ ALVARADO, AND GIBSON, TO ESTABLISH THEIR COMPENSATION INCLUDING RETAINING THE SERVICES OF AN INDEPENDENT NATIONALLY KNOWN COMPENSATION CONSULTANT AND USING COMPENSATION COMMITTEES. GEORGE L. SATTERLEE RECEIVED COMPENSATION FROM SRM IN HIS FULL-TIME ROLE AS EXECUTIVE VICE-PRESIDENT AND HUMAN RESOURCE OFFICER OF SRM. PATRICK MITCHELL, JR. RECEIVED COMPENSATION FROM SRM IN HIS FULL-TIME ROLE AS VICE-PRESIDENT, HUMAN RESOURCES, DIVERSITY, EQUITY, & INCLUSION OF SRM. SCOTT HAWLEY RECEIVED COMPENSATION FROM SIMR IN HIS FULL-TIME ROLE AS INVESTIGATOR.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202313069349302306

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