2024-04-26T04:49:44+00:00 2023-06-30 440160260 FORVIS LLP 1201 WALNUT ST SUITE 1700 KANSAS CITY MO 641062246 990 2023-01-01 743238244 Biomed Valley Corporation BIOM 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 RICHARD W BROWN DIRECTOR/PRESIDENT/CEO 2024-04-26 true RICHARD BROWN 999009999 APRIL ARNOLD CPA P01559426 8162216300 2022 2023-04-26 12:10:37Z RICHARD W BROWN 1000 EAST 50TH STREET KANSAS CITY MO 64110 9082307 false X N/A X 2007 DE BIOMED VALLEY CORPORATION ("BVC") SUPPORTS THE ACTIVITIES OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") WHICH CONDUCTS BASIC CELL AND MOLECULAR BIOLOGY RESEARCH. 4 1 0 1 0 0 0 9000000 0 0 -114302 29575 0 0 -114302 9029575 50000 50000 0 0 0 0 0 0 0 1504 0 51504 50000 -165806 8979575 12382590 11900595 0 0 12382590 11900595 SEE SCHEDULE O false false 50000 50000 0 BVC'S EXEMPT PURPOSE IS TO SUPPORT ITS SUPPORTED ORGANIZATION, SIMR. BVC'S ACTIVITIES INCLUDE RESEARCH SUPPORT, MANAGEMENT OF INTELLECTUAL PROPERTY, PROMOTION OF ENDOWMENT BASED RESEARCH, IDENTIFICATION OF INTELLECTUAL PROPERTY FOR COMMERCIALIZATION, FUNDRAISING AND ENDOWMENT MANAGEMENT. 50000 true true false false false false false false false false true false false false true false true false false false false false false false false false true false false false false false false false false false false true false false false false true true true false false true 0 0 0 false false false false false false false false false false false false X 4 1 true false false false true true true true true false false true true true true true true false false false X KATY GRAHAM 8169264000 1000 EAST 50TH STREET KANSAS CITY MO 64110 CHARLES GERMAN DIRECTOR/SECRETARY 1.0 48.0 X X 0 0 0 RICHARD W BROWN DIRECTOR/PRESIDENT/CEO 1.0 48.0 X X 0 0 0 DAVID A WELTE DIRECTOR 1.0 8.0 X 0 0 0 PENNY M SPENCE DIRECTOR 1.0 50.0 X 0 0 0 0 0 0 0 false false false 0 0 0 0 9000000 0 0 9000000 9000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32307 0 0 32307 0 0 0 0 0 0 0 0 0 0 50000 0 52732 0 -2732 0 -2732 0 0 -2732 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9029575 0 0 29575 50000 50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50000 50000 0 0 8636 8635 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 493961 9425595 11879993 2466365 0 0 0 12382590 11900595 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12382590 11900595 0 0 0 0 0 0 0 0 12382590 11900595 12382590 11900595 8979575 -9461570 0 0 0 0 X false true X true false X X X 1 STOWERS INSTITUTE FOR MEDICAL RESEARCH 202993509 4 true 50000 0 1 50000 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2466365 F 2466365 0 X Schedule D, Part VII INVESTMENTS - CLOSELY HELD EQUITY INTERESTS BIOMED VALLEY DISCOVERIES, INC CLASS A STOCK - SEE SCHEDULE R 2,466,365 FMV Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FIN 48 FINANCIAL STATEMENT FOOTNOTES FROM THE CONSOLIDATED STATEMENTS OF STOWERS INSTITUTE FOR MEDICAL RESEARCH ("THE INSTITUTE"), OF WHICH BIOMED VALLEY CORPORATION IS A SUPPORTING ORGANIZATION, IS AS FOLLOWS: THE INSTITUTE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. true STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 202993509 501(C)(3) 50000 MEDICAL RESEARCH 1 0 Schedule I, Part I, Line 2 BVC'S PURPOSE IS TO SUPPORT, BENEFIT, AND CARRYOUT THE PURPOSE OF ITS SUPPORTED ORGANIZATION, SIMR AS DESCRIBED IN FORM 990, PART III. THE ANNUAL SUPPORT INCLUDES, BUT IS NOT LIMITED TO, DISTRIBUTING FUNDS TO SIMR TO BE USED BY SIMR IN FURTHERANCE OF ITS EXEMPT PURPOSE OF CONDUCTING MEDICAL RESEARCH. X 1 9000000 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE AMOUNT SHOWN IN PART I, COLUMN (B) FOR "NUMBER OF CONTRIBUTIONS" REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. Form 990, Part III, Line 1 ORGANIZATION'S MISSION BIOMED VALLEY CORPORATION ("BVC") OPERATES EXCLUSIVELY WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE ("CODE"). ITS CHARITABLE PURPOSE IS TO SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION. CURRENTLY, ITS ONLY SUPPORTED ORGANIZATION IS STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR"). SIMR IS ENGAGED IN THE CONDUCT OF SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST. SIMR IS A CODE SECTION 501(C)(3) ORGANIZATION AND A PUBLIC CHARITY, AS A MEDICAL RESEARCH ORGANIZATION, WITHIN THE MEANING OF CODE SECTIONS 170(B)(1)(A)(III) AND 509(A)(1). Form 990, Part VI, Line 2 FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS RICHARD W. BROWN, CHARLES GERMAN, AND DAVID A. WELTE, DIRECTORS OF BVC, HAVE A BUSINESS RELATIONSHIP. RICHARD W. BROWN, CHARLES GERMAN, AND PENNY M. SPENCE, DIRECTORS OF BVC, HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Line 6 7A & 7B - MEMBER AND GOVERNANCE DECISIONS SIMR IS BVC'S SOLE MEMBER AND ELECTS BVC'S BOARD OF DIRECTORS. SIMR ALSO HAS THE RIGHT TO REMOVE, WITH OR WITHOUT CAUSE, ONE OR MORE DIRECTORS. Form 990, Part VI, Line 15a AND 15B - PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS PENNY M. SPENCE, CHARLES GERMAN AND RICHARD W. BROWN ARE COMPENSATED BY A RELATED ORGANIZATION, SRM, FOR THE SERVICES PERFORMED IN THEIR OFFICIAL CAPACITY FOR SRM. Form 990, Part VI, Line 11b Review of form 990 by governing body THE DATA AND INFORMATION NECESSARY TO PREPARE BVC'S FORM 990 IS COMPILED BY THE ORGANIZATION'S ACCOUNTING SUPPORT TEAM AND REVIEWED BY THE INSTITUTE'S TAX ATTORNEY AT BRYAN CAVE LEIGHTON PAISNER, LLP. FORVIS, LLP, THE INSTITUTE'S EXTERNAL TAX PREPARER, USES THIS INFORMATION TO PREPARE THE FORM 990. THE COMPLETED FORM 990, INCLUDING REQUIRED SCHEDULES, IS DISTRIBUTED TO THE OFFICERS OF BVC FOR THEIR REVIEW BEFORE THE RETURN IS FILED WITH THE IRS. ALSO, THE FORM 990, INCLUDING REQUIRED SCHEDULES, IS PROVIDED TO EACH VOTING MEMBER OF BVC'S BOARD BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy BVC HAS ADOPTED A "CONFLICTS OF INTEREST AND DIRECTOR INDEPENDENCE POLICY". EACH DIRECTOR, OFFICER, AND OTHER PERSON WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER DECISIONS OF THE COMPANY IS REQUIRED TO ANNUALLY COMPLETE AND SIGN A DISCLOSURE STATEMENT. A COVERED PERSON MUST ALSO DISCLOSE THE EXISTENCE OF A POTENTIAL CONFLICT AND ALL MATERIAL FACTS TO THE GOVERNING BOARD AS SOON AS THE PERSON HAS KNOWLEDGE THAT A POTENTIAL CONFLICT MIGHT EXIST. PER THE POLICY, THE BOARD OF DIRECTORS OR GOVERNANCE COMMITTEE THEN REVIEWS THE DISCLOSURE TO DETERMINE WHETHER A CONFLICT EXISTS. AFTER THE COVERED PERSON MAKES THE RELEVANT DISCLOSURE, THEY ARE RECUSED AND MAY NOT PARTICIPATE IN THE DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. BVC ALSO CONDUCTS PERIODIC AND ADHOC REVIEWS OF TRANSACTIONS AND AGREEMENTS TO ENSURE THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT ARE NOT CONSISTENT WITH ITS TAX-EXEMPT PURPOSE. Form 990, Part VI, Line 19 Required documents available to the public BVC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part VII, Section A AND SECTION B THE ORGANIZATION CHANGED ITS YEAR END TO JUNE 30 AND IS THEREFORE FILING A SHORT PERIOD TAX RETURN FOR THE PERIOD OF 1/1/2023 TO 6/30/2023. PER THE FORM 990 INSTRUCTIONS, COLUMNS D AND E WILL BE BLANK AND THE ORGANIZATION WILL NOT REPORT ANY KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES NOR HIGHEST COMPENSATED INDEPENDENT CONTRACTORS. THESE ITEMS ARE ALL REPORTED BASED ON THE CALENDAR YEAR ENDING WITHIN THE FISCAL YEAR, WHICH DOES NOT EXIST FOR THE SHORT PERIOD. STOWERS REAL ESTATE HOLDING CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 261472230 TITLE HOLDING DE 501(c)(2) SRM true STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 EAST 50TH STREET KANSAS CITY MO 64110 202993509 MED RESEARCH DE 501(c)(3) 4 NA false STOWERS RESOURCE MANAGEMENT 1000 EAST 50TH STREET KANSAS CITY MO 64110 412186719 SUPPORT ORG DE 501(c)(3) Type I SIMR true STOWERS SCIENTIFIC EDUCATION INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 205916445 SUPPORT ORG DE 501(c)(3) Type I SIMR true THE GRADUATE SCHOOL OF SIMR 1000 EAST 50TH STREET KANSAS CITY MO 64110 464588696 EDUCATION MO 501(c)(3) 2 SIMR true STOWERS POLICY INSTITUTE 1000 EAST 50TH STREET KANSAS CITY MO 64110 203270502 SEE PART VII DE 501(c)(4) SIMR false STOWERS INVESTMENT HOLDING CORPORATION 1000 EAST 50TH STREET KANSAS CITY MO 64110 920365628 TITLE HOLDING DE 501(c)(2) SRMSPI false BIOMED VALLEY DISCOVERIES INC 4435 MAIN ST STE 550 KANSAS CITY MO 64111 061646533 SEE PART VII DE BVC C Corporation 1189083 5336059 1.0000 true false true true false false false false false false false false false false true true false false false false STOWERS RESOURCE MANAGEMENT C 9000000 MARKET VALUE Schedule R, Part II LINE 6, COLUMN (b) - PRIMARY ACTIVITY STOWERS POLICY INSTITUTE INC.'S ("SPI") PRIMARY ACTIVITY IS TO PROMOTE INNOVATIVE AND ETHICAL BIOMEDICAL RESEARCH, THERAPIES AND CURES, AND TO ADVOCATE FOR A POLITICAL, ECONOMIC, AND SOCIAL ENVIRONMENT THAT ADVANCES FACILITIES, AND PROTECTS THAT RESEARCH AND THOSE THERAPIES AND CURES. Schedule R, Part IV LINE 1, COLUMN (b) - PRIMARY ACTIVITY BIOMED VALLEY DISCOVERIES, INC.'S ("BVD") PRIMARY ACTIVITY IS DEVELOPMENT AND MARKETING OF SCIENTIFIC DISCOVERIES.