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← STOWERS INSTITUTE FOR MEDICAL RESEARCH

Form 990 for tax year 2023

Filed by STOWERS INSTITUTE FOR MEDICAL RESEARCH.

Totals

Total revenue
$107,498,064
Total expenses
$112,171,222
Contributions and grants received
$101,275,805
Grants paid
$3,171,598
Program service revenue
$0
Investment income
$141,574
Other revenue
$6,080,685
Total assets, end of year
$186,739,928
Total liabilities, end of year
$18,815,931
Net assets or fund balances, end of year
$167,923,997
Program services expenses (Part IX)
$67,693,104
Management and general expenses
$44,478,118
Fundraising expenses
$0
Program service expenses (Part III)
$67,693,104

Program services were 60.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $93,100,000

  • 1e · Government grants (contributions)

    $7,513,070

  • 1f · All other contributions, gifts and grants

    $662,735

  • 1g · Noncash contributions included above

    $93,070,000

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,355,691 · related or exempt $0 · unrelated business $0 · excluded $1,355,691

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

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

  • 5 · Royalties

    total $6,025,892 · related or exempt $0 · unrelated business $0 · excluded $6,025,892

  • 6a · Gross rents

    real property $16,742 · personal property $0

  • 6b · Less rental expenses

    real property $16,742 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $78,627,157 · other assets $27,487

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

    securities $78,873,460 · other assets $995,301

  • 7c · Gain or loss

    securities -$246,303 · other assets -$967,814

  • 7d · Net gain or loss

    total -$1,214,117 · related or exempt $0 · unrelated business $0 · excluded -$1,214,117

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 11a · Other revenue: OTHER REBATES AND REVENUE

    total $54,793 · excluded $54,793

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $54,793

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,171,598 · program services $3,171,598

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $3,688,159 · program services $3,319,343 · management and general $368,816 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $957,859 · program services $862,073 · management and general $95,786 · fundraising $0

  • 7 · Other salaries and wages

    total $26,654,451 · program services $23,989,006 · management and general $2,665,445 · fundraising $0

  • 8 · Pension plan contributions

    total $3,293,287 · program services $2,963,958 · management and general $329,329 · fundraising $0

  • 9 · Other employee benefits

    total $5,121,127 · program services $4,609,014 · management and general $512,113 · fundraising $0

  • 10 · Payroll taxes

    total $1,827,977 · program services $1,645,179 · management and general $182,798 · fundraising $0

  • 11a · Fees: management

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

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

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

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

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

  • 11g · Fees: other

    total $703,316 · program services $632,984 · management and general $70,332 · fundraising $0

  • 12 · Advertising and promotion

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

  • 13 · Office expenses

    total $141,211 · program services $127,090 · management and general $14,121 · fundraising $0

  • 14 · Information technology

    total $245,007 · program services $220,506 · management and general $24,501 · fundraising $0

  • 15 · Royalties

    total $3,011,947 · program services $3,011,947 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,893,195 · program services $1,703,876 · management and general $189,319 · fundraising $0

  • 17 · Travel

    total $916,844 · program services $825,160 · management and general $91,684 · fundraising $0

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $567,955 · program services $511,160 · management and general $56,795 · fundraising $0

  • 20 · Interest

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

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

    total $10,006,659 · program services $10,006,659 · management and general $0 · fundraising $0

  • 23 · Insurance

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

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

    total $39,720,557 · program services $0 · management and general $39,720,557 · fundraising $0

  • 24b · Other expenses: LAB SUPPLIES

    total $6,124,444 · program services $6,124,444 · management and general $0 · fundraising $0

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

    total $2,560,400 · program services $2,560,400 · management and general $0 · fundraising $0

  • 24d · Other expenses: COLLABORATION EXPENSES

    total $708,060 · program services $637,254 · management and general $70,806 · fundraising $0

  • 24e · All other expenses

    total $857,169 · program services $771,453 · management and general $85,716 · fundraising $0

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 $1,827,267 · end of year $791,947

  • 3 · Pledges and grants receivable

    beginning of year $774,357 · end of year $887,588

  • 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 $7,977 · end of year $10,501

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,259,074 · end of year $154,605

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

    $342,675,671

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

    $215,754,943

  • 10c · Land, buildings and equipment, net

    beginning of year $133,526,528 · end of year $126,920,728

  • 11 · Investments: publicly traded securities

    beginning of year $44,422,412 · end of year $47,930,044

  • 12 · Investments: other securities

    beginning of year $5,202,768 · end of year $6,706,957

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $12,155,786 · end of year $3,337,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,633,200 · end of year $9,116,526

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $175,260 · end of year $261,384

  • 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 $21,816,025 · end of year $9,438,021

  • 27 · Net assets without donor restrictions

    beginning of year $169,281,606 · end of year $167,666,903

  • 28 · Net assets with donor restrictions

    beginning of year $270,078 · end of year $257,094

  • 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 · 2023

Mission

THE INSTITUTE'S MISSION IS TO MAKE A SIGNIFICANT CONTRIBUTION TO HUMANITY THROUGH MEDICAL RESEARCH BY EXPANDING OUR UNDERSTANDING OF THE SECRETS OF LIFE AND BY IMPROVING LIFE'S QUALITY THROUGH INNOVATIVE APPROACHES TO THE CAUSES, TREATMENT, AND PREVENTION OF DISEASES.

Activities or mission (Part I)

STOWERS INSTITUTE FOR MEDICAL RESEARCH'S ("SIMR") 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 $67,693,104 · Grants $3,171,598

As filed on the 2023 return.

Listed in Part VII

  • Alejandro Snchez Alvarado

    DIR/PRESIDENT/CHIEF SCIENTIFIC OFFICER

    Total calculated
    $1,722,794
    From this org
    $1,031,058
    From related orgs
    $0
    Other
    $691,736
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $994,654
    Bonus
    $0
    Other
    $36,404
    Deferred
    $632,833
    Nontaxable benefits
    $58,903
    Filer's total
    $1,722,794

  • Charles German

    DIRECTOR/SECRETARY

    Total calculated
    $1,190,312
    From this org
    $0
    From related orgs
    $1,110,953
    Other
    $79,359
    Hours/week
    2 + 47 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

  • Jonathan Thomas

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Richard W Brown

    DIRECTOR/CHAIR

    Total calculated
    $3,047,243
    From this org
    $0
    From related orgs
    $2,963,544
    Other
    $83,699
    Hours/week
    2 + 47 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

  • Alberzine Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Brent Kreider

    DIRECTOR

    Total calculated
    $848,287
    From this org
    $0
    From related orgs
    $750,108
    Other
    $98,179
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $737,128 related
    Bonus
    $0
    Other
    $0 + $12,980 related
    Deferred
    $0 + $60,040 related
    Nontaxable benefits
    $0 + $38,139 related
    Filer's total
    $0 + $848,287 related

  • David A Welte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 7 related

  • George L Satterlee

    DIRECTOR

    Total calculated
    $575,763
    From this org
    $0
    From related orgs
    $494,387
    Other
    $81,376
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $490,823 related
    Bonus
    $0
    Other
    $0 + $3,564 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $31,876 related
    Filer's total
    $0 + $575,763 related

  • Kausik Si

    DIRECTOR

    Total calculated
    $902,235
    From this org
    $734,910
    From related orgs
    $0
    Other
    $167,325
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $732,588
    Bonus
    $0
    Other
    $2,322
    Deferred
    $132,833
    Nontaxable benefits
    $34,492
    Filer's total
    $902,235

  • Brian Slaughter

    VP OF SCIENTIFIC OPERATIONS

    Total calculated
    $365,306
    From this org
    $288,713
    From related orgs
    $0
    Other
    $76,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,903
    Bonus
    $0
    Other
    $810
    Deferred
    $44,019
    Nontaxable benefits
    $32,574
    Filer's total
    $365,306

  • Penny M Spence

    CFO

    Total calculated
    $788,959
    From this org
    $0
    From related orgs
    $715,752
    Other
    $73,207
    Hours/week
    2 + 49 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

  • Jerry L Workman

    INVESTIGATOR

    Total calculated
    $490,464
    From this org
    $421,439
    From related orgs
    $0
    Other
    $69,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $417,248
    Bonus
    $0
    Other
    $4,191
    Deferred
    $49,500
    Nontaxable benefits
    $19,525
    Filer's total
    $490,464

  • Matthew C Gibson

    INVESTIGATOR

    Total calculated
    $512,386
    From this org
    $348,361
    From related orgs
    $0
    Other
    $164,025
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $347,122
    Bonus
    $0
    Other
    $1,239
    Deferred
    $132,833
    Nontaxable benefits
    $31,192
    Filer's total
    $512,386

  • R Scott Hawley

    INVESTIGATOR

    Total calculated
    $431,217
    From this org
    $351,610
    From related orgs
    $0
    Other
    $79,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $345,169
    Bonus
    $0
    Other
    $6,441
    Deferred
    $49,500
    Nontaxable benefits
    $30,107
    Filer's total
    $431,217

  • Robert E Krumlauf

    SCIENTIFIC DIRECTOR EMERITUS

    Total calculated
    $673,471
    From this org
    $596,781
    From related orgs
    $0
    Other
    $76,690
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,647
    Bonus
    $0
    Other
    $252,134
    Deferred
    $49,500
    Nontaxable benefits
    $27,190
    Filer's total
    $673,471

  • Tatjana Sauka-Spengler

    INVESTIGATOR

    Total calculated
    $418,773
    From this org
    $340,828
    From related orgs
    $0
    Other
    $77,945
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,518
    Bonus
    $0
    Other
    $48,310
    Deferred
    $44,712
    Nontaxable benefits
    $33,233
    Filer's total
    $418,773

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
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 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 First-class or charter travel
SIMR PAID FOR FIRST-CLASS TRAVEL FOR ALEJANDRO SANCHEZ ALVARADO IN SIX INSTANCES, MATT GIBSON IN ONE INSTANCE, AND SCOTT HAWLEY IN ONE INSTANCE. NONE OF THE INDIVIDUALS WERE TAXED ON THE BENEFIT SINCE THE TRAVEL WAS FOR BUSINESS PURPOSES.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
TATJANA SAUKA-SPENGLER RECEIVED TAX GROSS-UP PAYMENTS FOR RELOCATION PURPOSES. ALL TAXABLE BENEFITS ARE TREATED AS COMPENSATION TO THE RECIPIENT.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
SIMR HAS A WRITTEN EMPLOYMENT AGREEMENT WITH ALEJANDRO SANCHEZ ALVARADO, WHICH PROVISIONS INCLUDE REIMBURSEMENT FOR PROFESSIONAL AND SOCIAL CLUB DUES. ALL TAXABLE BENEFITS ARE TREATED AS COMPENSATION TO THE RECEIPIENT.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The following individuals particpated in a supplemental nonqualified retirement plan ALEJANDRO SANCHEZ ALVARADO - ACCRUAL OF $583,333 AND $0 DISTRIBUTION. KAUSIK SI - ACCRUAL OF $83,333 AND $0 DISTRIBUTION. MATTHEW C. GIBSON - ACCRUAL OF $83,333 AND $0 DISTRIBUTION.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
SIMR MADE A PAYMENT OF $248,687 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

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 Corporation · SEE PART VII · DE · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349302530

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