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← STOWERS SCIENTIFIC EDUCATION INSTITUTE INC

Form 990 for tax year 2023

Filed by STOWERS SCIENTIFIC EDUCATION INSTITUTE INC.

Totals

Total revenue
$162,400
Total expenses
$76,633
Contributions and grants received
$0
Grants paid
$63,585
Program service revenue
$0
Investment income
$162,400
Other revenue
$0
Total assets, end of year
$7,355,279
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,355,279
Program services expenses (Part IX)
$63,585
Management and general expenses
$13,048
Fundraising expenses
$0
Program service expenses (Part III)
$63,585

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHARLES GERMAN

    DIRECTOR/SECRETARY

    Total calculated
    $1,190,312
    From this org
    $0
    From related orgs
    $1,110,953
    Other
    $79,359
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,091,685 related
    Bonus
    $0
    Other
    $0 + $19,268 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $29,859 related
    Filer's total
    $0 + $1,190,312 related

  • RICHARD W BROWN

    DIRECTOR/PRESIDENT

    Total calculated
    $3,047,243
    From this org
    $0
    From related orgs
    $2,963,544
    Other
    $83,699
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,909,231 related
    Bonus
    $0
    Other
    $0 + $54,313 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $34,199 related
    Filer's total
    $0 + $3,047,243 related

  • DAVID A WELTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • PENNY M SPENCE

    DIRECTOR

    Total calculated
    $788,959
    From this org
    $0
    From related orgs
    $715,752
    Other
    $73,207
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $714,942 related
    Bonus
    $0
    Other
    $0 + $810 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $23,707 related
    Filer's total
    $0 + $788,959 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 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
RICHARD W. BROWN RECEIVED COMPENSATION FROM STOWERS RESOURCE MANAGEMENT ("SRM") IN HIS FULL-TIME ROLE AS PRESIDENT OF SRM. PENNY M. SPENCE 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

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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349302328

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