| Form 990, Part III, Line 1 |
STOWERS REAL ESTATE HOLDING CORPORATION ("SREHC"), A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(2) OF THE CODE, IS ORGANIZED TO HOLD TITLE TO REAL PROPERTY, COLLECT THE INCOME THEREFROM, AND REMIT THE ENTIRE AMOUNT, LESS EXPENSES AND REASONABLY NECESSARY CASH RESERVES TO ITS TAX EXEMPT PARENT CORPORATION, STOWERS RESOURCE MANAGEMENT INC. ("SRM"). SRM IS A TAX EXEMPT SUPPORTING ORGANIZATION UNDER SECTION 501(C)(3) AND 509(A)(3) OF THE CODE. SRM IS THE SOLE MEMBER OF SREHC AND WILL CONTROL SREHC TO INSURE SREHC ACTIVITIES ARE CONSISTENT WITH SREHC'S EXEMPT PURPOSE WITHIN THE MEANING OF CODE SECTION 501(C)(2) TITLE HOLDING COMPANY. |
| Form 990, Part VI, Line 15a and Line 15B |
SREHC'S OFFICERS AND DIRECTORS ARE COMPENSATED BY A RELATED ORGANIZATION, SRM, FOR THE SERVICES PERFORMED IN THEIR OFFICIAL CAPACITY FOR SRM. |
| Form 990, Part VI, Line 6 Line 7A & LINE 7B |
SRM IS SREHC'S SOLE MEMBER AND ELECTS SREHC'S BOARD OF DIRECTORS. SRM ALSO HAS THE RIGHT TO REMOVE, WITH OR WITHOUT CAUSE, ONE OF MORE DIRECTORS. |
| Form 990, Part VI, Line 2 BUSINESS RELATIONSHIPS |
DAVID A. WELTE, CHARLES GERMAN, AND RICHARD W. BROWN, DIRECTORS OF SREHC, HAVE A BUSINESS RELATIONSHIP. PENNY M. SPENCE, CHARLES GERMAN, AND RICHARD W. BROWN, DIRECTORS OF SREHC, HAVE A BUSINESS RELATIONSHIP. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body |
THE DATA AND INFORMATION NECESSARY TO PREPARE SREHC'S FORM 990 IS COMPILED BY THE ORGANIZATION'S ACCOUNTING SUPPORT TEAM AND THEN REVIEWED BY THE INSTITUTE'S TAX ATTORNEY AT BRYAN CAVE LEIGHTON PAISNER, LLP. FORVIS LLP, THE INSTITUTE'S EXTERNAL TAX PREPARERS, USE 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. |
| Form 990, Part VI, Line 12c Conflict of interest policy |
SREHC 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 SREHC (EACH, A "COVERED PERSON") 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 BOARD OF DIRECTORS OR GOVERNANCE COMMMITTEE AS SOON AS THE PERSON HAS KNOWLEDGE THAT A POTENTIAL CONFLICT MIGHT EXIST. PER THE POLICY, THE BOARD OF DIRECTORS OR GOVERNANCE COMMITTTE 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. SREHC 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 |
THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
CASH TRANSFERRED TO SRM, PARENT - -2090904; |
Attach to Form 990 or 990-EZ.