Nonprofit · EIN 20-3270502
STOWERS POLICY INSTITUTE INC
Also known as DAVID A WELTE
Tax-exempt · KANSAS CITY, MO 64110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $812,870 | $276,642 | $536,228 | $31,951,466 | $2,000 | $31,949,466 |
| June 30, 2024 | 990 | $649,100 | $520,297 | $128,803 | $29,082,003 | $0 | $29,082,003 |
| June 30, 2023 | 990 | $176,531 | $247,305 | -$70,774 | $26,782,579 | $0 | $26,782,579 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $812,870
- Net gain from sales of assets
- $8,943
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $200,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $38,567
- Accounting fees
- $38,075
- Program services (functional)
- $200,000
- Management and general (functional)
- $76,642
Balance sheet and other
- Total assets, start of year
- $29,082,003
- Total assets, end of year
- $31,951,466
- Total liabilities, end of year
- $2,000
- Net assets, end of year
- $31,949,466
- Publicly traded securities
- $31,646,133
- Net assets without donor restrictions
- $31,949,466
- Gross receipts
- $1,040,927
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2005
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD W BROWN | DIRECTOR/PRESIDENT DECEASED 3/27/25 Trustee or director, Officer | 1 | $0 | $3,103,954 | $102,383 |
| CHARLES GERMAN | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $0 | $1,165,721 | $80,585 |
| PENNY M SPENCE | DIRECTOR/CFO/TREASURER THRU 4/8/25 Trustee or director, Officer | 1 | $0 | $753,782 | $79,650 |
| JONATHAN THOMAS | DIRECTOR/PRESIDENT BEGINNING OF SERVICE 3/24/25 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID A WELTE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD W BROWN | DIRECTOR/PRESIDENT Trustee or director, Officer | 1 | $0 | $2,963,544 | $83,699 |
| CHARLES GERMAN | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $0 | $1,110,953 | $79,359 |
| PENNY M SPENCE | DIRECTOR/CFO/TREASURER Trustee or director, Officer | 1 | $0 | $715,752 | $73,207 |
| DAVID A WELTE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES GERMAN | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $0 |
| PENNY M SPENCE | DIRECTOR/CFO/TREASURER Trustee or director, Officer | 1 | $0 |
| RICHARD W BROWN | DIRECTOR/PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID A WELTE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 E 50TH ST, KANSAS CITY, MO 64110-2262
- In care of
- % KATY GRAHAM
- Principal officer (990 for 2024)
- JONATHAN THOMAS, 1000 EAST 50TH STREET, KANSAS CITY, MO 64110
- Signed the 990
- JONATHAN THOMAS, PRESIDENT
- Phone
- (816) 926-4000
- Return prepared by
- Forvis Mazars LLP
Mission
SEE SCHEDULE O
Program accomplishments
- FINANCIAL SUPPORT - TO FURTHER SPI'S EXEMPT PURPOSE, SPI PROVIDED FINANCIAL SUPPORT TO OTHER 501(C)(4) TAX-EXEMPT ORGANIZATIONS THAT WERE ENGAGED IN ACTIVITIES DESCRIBED IN SPI'S PRIMARY EXEMPT PURPOSE. SPI PROVIDED THIS SUPPORT TO FACILITATE THESE ORGANIZATIONS' ABILITY TO PROMOTE INNOVATIVE AND ETHICAL BIOMEDICAL RESEARCH, THERAPIES AND CURES, AND TO ADVOCATE FOR A POLITICAL, ECONOMIC, AND SOCIAL ENVIRONMENT THAT ADVANCES, FACILITATES AND PROTECTS THAT RESEARCH.Expenses $200,000 · grants $200,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3270502
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G01)
- Assets (IRS master file)
- $31,951,466
- Income (IRS master file)
- $1,040,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $812,870 | $276,642 | $31,951,466 | IRS |
| 990 | June 2024 | $649,100 | $520,297 | $29,082,003 | IRS |
| 990 | June 2023 | $176,531 | $247,305 | $26,782,579 | XML |
| 990 | December 2022 | $2,391,707 | $482,675 | $25,063,110 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3270502).
Questions about STOWERS POLICY INSTITUTE INC
- What is the EIN of STOWERS POLICY INSTITUTE INC?
- The employer identification number (EIN) of STOWERS POLICY INSTITUTE INC is 20-3270502.
- Is STOWERS POLICY INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2007.
- Are donations to STOWERS POLICY INSTITUTE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STOWERS POLICY INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STOWERS POLICY INSTITUTE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STOWERS POLICY INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of STOWERS POLICY INSTITUTE INC?
- The 990 for the year ended June 30, 2025 names JONATHAN THOMAS.
- Who are the officers and directors of STOWERS POLICY INSTITUTE INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does STOWERS POLICY INSTITUTE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $812,870, expenses of $276,642 and total assets of $31,951,466 at year end.
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All nonprofits in KANSAS CITY · Missouri · Voluntary health associations and medical disciplines