Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
28 people listed on the 990; $8.5M paid to officers and key staff.
Richard W Brown’s $3.1M as Dir/President/CEO Deceased 3/27/25 is at the 98th percentile of top reported officer pay among 45 $100M+ diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Richard W Brown | $3,103,954 | $2,963,544 | $2,813,862 | $2,781,337 | $2,581,339 |
| Roderick L Sturgeon | — | — | — | $965,700 | $1,725,854 |
| David a Welte | — | — | — | $274,814 | $1,426,753 |
| Charles German | $1,165,721 | $1,110,953 | $1,059,057 | $1,038,823 | $652,268 |
| Patrick Mitchell JR | — | $1,161,799 | $362,772 | $339,239 | $232,746 |
| Penny M Spence | $753,782 | $715,752 | $537,787 | — | — |
| Jennifer H Pawlosky | $497,372 | $472,097 | $553,447 | — | — |
| George L Satterlee | $518,670 | $494,387 | $471,260 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Supports medical research and graduate education in cell and molecular biology.
Questions for Stowers Resource Management INC
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Financial Support
SRM monitors the financial needs of simr so simr can conduct its medical research in the public interest and makes contributions to simr to support its medical research activities. The contributions are made as determined by SRM'S board of directors after review of financial information, budgets, strategies and other relevant…
Management, Administrative and Operation Support Services
SRM provides management support to simr that involves assisting in planning for the strategic direction of simr, operational planning, and the development and implementation of strategic business plans and budgets.
Management of Institutional Funds
SRM participates in the management of simr and gssimr to ensure their financial ability to continue in perpetuity.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $382K | $758K |
| InvestmentsLn 11–13 | $1.99B | $2.05B |
| Land, buildings, equipmentLn 10c | $2.4M | $1.9M |
| Total assetsLn 16 | $2.00B | $2.06B |
| LiabilitiesLn 26 | $301.7M | $300.7M |
| Net assetsLn 32 | $1.70B | $1.76B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $107.1M | $107.1M | ||
| Pay of current officers, directors and key staffLn 5 | $8.4M | $7.6M | $758K | $84K |
| Other salaries and wagesLn 7 | $12.4M | $11.1M | $1.1M | $124K |
| Pension plan contributionsLn 8 | $1.8M | $1.6M | $158K | $18K |
| Other employee benefitsLn 9 | $2.2M | $2.0M | $201K | $22K |
| Payroll taxesLn 10 | $1.1M | $1.0M | $102K | $11K |
| Legal feesLn 11b | $1.2M | $1.2M | ||
| Accounting feesLn 11c | $287K | $287K | ||
| Investment management feesLn 11f | $1.4M | $1.4M | ||
| Other fees for servicesLn 11g | $3.0M | $2.7M | $271K | $30K |
| Advertising and promotionLn 12 | $34K | $30K | $3K | $339 |
| Office expensesLn 13 | $434K | $391K | $39K | $4K |
| Information technologyLn 14 | $1.4M | $1.2M | $122K | $14K |
| OccupancyLn 16 | $4.1M | $3.7M | $373K | $41K |
| TravelLn 17 | $121K | $109K | $11K | $1K |
| Conferences, conventions and meetingsLn 19 | $337K | $304K | $30K | $3K |
| InterestLn 20 | $10.8M | $9.7M | $969K | $108K |
| Depreciation, depletion and amortizationLn 22 | $1.3M | $1.1M | $113K | $13K |
| InsuranceLn 23 | $650K | $585K | $58K | $6K |
| Other expenses (24a–d)Ln 24 | $5.8M | $5.2M | $519K | $58K |
| All other expensesLn 24e | $813K | $732K | $73K | $8K |
| Total functional expensesLn 25 | $164.6M | $156.2M | $7.9M | $546K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $157.1M | $172.4M | −$15.3M | $1.7B | 990 PDF |
| FY2023 | Not on file | ||||
| FY2022 | $145.7M | $90.2M | $55.4M | $1.5B | 990 PDF |
| FY2021 | $214.5M | $185.4M | $29.1M | $2.1B | 990 PDF |
| FY2020 | $141.7M | $137.5M | $4.2M | $1.5B | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $198,300,289 revenue, 12 lines filed
Part VI · Governance 9 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $198,300,289 across 9 lines filed
Part IX · Statement of functional expenses $164,615,069 across 21 lines filed
Part X · Balance sheet $2,055,922,131 assets, 23 lines filed
Part XI · Reconciliation of net assets $1,755,220,512 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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