Stowers Scientific Education Institute Inc

“Richard w. Brown, charles german, and david a. Welte, directors of ssei, have a business relationship. Richard w. Brown, charles german, and penny m. Spence, directors of ssei, have a business relationship.”

“Simr is ssei's sole member and elects ssei's board of directors. Simr also has the right to remove, with or without cause, one or more directors.”

“Penny m. Spence, charles german, and richard w. Brown, directors, are compensated by a related organization, stowers resource management inc. ("srm"), for the services performed in their official capacity for srm.”

“The data and information necessary to prepare ssei'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 mazars, llp, the institute's external tax preparers, uses this information to prepare the form 990. The completed form 990, including required schedules, is reviewed by the directors before it is filed with the irs.”

“Ssei 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 ssei are required to annually complete and sign a disclosure statement that is part of the policy. Also, a covered person must 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 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. Ssei 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.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Stowers scientific education institute inc. ("ssei") operates exclusively within the meaning of code sections 501(c)(3) and 509(a)(3). Ssei's mission is to educate the public about the benefits of innovative and ethical biomedical research, therapies and cures. Ssei's charitable purpose is to support, benefit, and carry out the purposes of simr, its supported organization. Ssei currently supports stowers institute for medical research ("simr"). Simr is a tax exempt organization described in section 501(c)(3), and public charity described in sections 509(a)(1) and 170(b)(1)(a)(iii). Simr is actively engaged in scientific research in the public interest. Ssei provides management and/or financial support for their benefit. Income from ssei's endowment is used to support the exempt activities of simr.”