Stowers Policy Institute Inc

David A Welte

Kansas City, MO
Tax-exempt since Feb. 2007
EIN: 20-3270502

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Type of Nonprofit

Designated as a 501(c)(4) Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Diseases, Disorders, Medical Disciplines / Alliance/Advocacy Organizations (NTEE)

Donations to this organization are not tax deductible.

Revenue

$649k (2024)

Expenses

$520k (2024)

Total Assets

$29.1M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$649,100

Expenses

$520,297

Net Income

$128,803

Net Assets

$29,082,003

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$675,985	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$26,885
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$29,082,003
Total Liabilities	$0
Net Assets	$29,082,003

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles German (Director/Secretary)	$0	$1,110,953	$79,359
Penny M Spence (Director/Cfo/Treasurer)	$0	$715,752	$73,207
Richard W Brown (Director/President)	$0	$2,963,544	$83,699
David A Welte (Director)	$0	$0	$0

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990

Filed on May 14, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$176,531

Expenses

$247,305

Net Income

-$70,774

Net Assets

$26,782,579

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$203,042	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$26,511
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$26,782,579
Total Liabilities	$0
Net Assets	$26,782,579

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles German (Director/Secretary)	$0	$0	$0
Penny M Spence (Director/Cfo/Treasurer)	$0	$0	$0
Richard W Brown (Director/President)	$0	$0	$0
David A Welte (Director)	$0	$0	$0

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990

Filed on April 26, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$2,391,707

Expenses

$482,675

Net Income

$1,909,032

Net Assets

$25,059,860

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$642,581	26.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,749,126	73.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$25,063,110
Total Liabilities	$3,250
Net Assets	$25,059,860

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$2,813,862	$66,899
Charles German (Director/Secretary)	$0	$1,059,057	$67,050
Penny M Spence (Dir. As Of 1/1/22/Cfo/Treas.)	$0	$537,787	$62,246
David A Welte (Director)	$0	$0	$0

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990

Filed on Nov. 13, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$3,100,830

Expenses

$409,396

Net Income

$2,691,434

Net Assets

$30,537,171

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$356,143	11.5%
Program Services	$0
Investment Income	$1,168,217	37.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,576,470	50.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$30,537,171
Total Liabilities	$0
Net Assets	$30,537,171

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$2,781,337	$64,732
Charles German (Dir/Secy As Of 1/1/21)	$0	$1,038,823	$64,816
Roderick L Sturgeon (Director)	$0	$965,700	$51,556
David A Welte (Director)	$0	$274,814	$46,022

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990

Filed on Sept. 26, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$2,163,400

Expenses

$607,080

Net Income

$1,556,320

Net Assets

$27,330,849

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$267,782	12.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,895,618	87.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$27,333,849
Total Liabilities	$3,000
Net Assets	$27,330,849

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$2,581,339	$63,694
Roderick L Sturgeon (Director)	$0	$1,725,854	$66,518
David A Welte (Director/Secretary)	$0	$1,426,753	$72,966

990

Filed on Sept. 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$1,529,395

Expenses

$406,168

Net Income

$1,123,227

Net Assets

$24,172,874

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$400,306	26.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,129,089	73.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$24,172,874
Total Liabilities	$0
Net Assets	$24,172,874

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$2,543,498	$61,830
Roderick L Sturgeon (Director)	$0	$1,704,983	$64,605
David A Welte (Director/Secretary)	$0	$1,425,034	$70,740

990

Filed on Aug. 17, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$1,346,208

Expenses

$407,583

Net Income

$938,625

Net Assets

$20,483,454

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$501,618	37.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$844,590	62.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$20,483,454
Total Liabilities	$0
Net Assets	$20,483,454

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$2,424,700	$59,649
David A Welte (Director/Secretary)	$0	$1,383,256	$67,985
Roderick L Sturgeon (Director)	$0	$1,627,350	$62,371

990

Filed on Aug. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$676,103

Expenses

$397,314

Net Income

$278,789

Net Assets

$22,343,982

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$419,314	62.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$256,789	38.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$22,343,982
Total Liabilities	$0
Net Assets	$22,343,982

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$2,312,275	$57,286
David A Welte (Director/Secretary)	$0	$1,326,581	$65,268
Roderick L Sturgeon (Director)	$0	$1,555,086	$60,068

990

Filed on Aug. 10, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$695,083

Expenses

$193,986

Net Income

$501,097

Net Assets

$19,748,110

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$253,760	36.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$441,323	63.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$19,748,110
Total Liabilities	$0
Net Assets	$19,748,110

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$2,206,968	$53,803
David A Welte (Director/Secretary)	$0	$1,277,174	$60,683
Roderick L Sturgeon (Director)	$0	$1,489,306	$56,502

990

Filed on Aug. 11, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$1,432,554

Expenses

$178,826

Net Income

$1,253,728

Net Assets

$18,737,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$312,717	21.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,119,837	78.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$18,737,000
Total Liabilities	$0
Net Assets	$18,737,000

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$2,180,037	$52,689
David A Welte (Director/Secretary)	$0	$1,249,459	$59,169
Roderick L Sturgeon (Director)	$0	$1,444,652	$55,392

990

Filed on Aug. 10, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$1,028,248

Expenses

$22,615

Net Income

$1,005,633

Net Assets

$19,212,426

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$393,703	38.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$634,545	61.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$19,221,907
Total Liabilities	$9,481
Net Assets	$19,212,426

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$2,002,215	$51,747
David A Welte (Director/Secretary)	$0	$1,145,266	$57,975
Roderick L Sturgeon (Director)	$0	$1,334,139	$54,478

990

Filed on Aug. 10, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$115,114

Expenses

$888,479

Net Income

-$773,365

Net Assets

$18,379,551

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$76,465	66.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$38,649	33.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$18,379,551
Total Liabilities	$0
Net Assets	$18,379,551

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard W Brown (Director/President)	$0	$1,907,783	$50,527
David A Welte (Director/Secretary)	$0	$1,093,867	$56,669
Roderick L Sturgeon (Director)	$0	$1,274,267	$53,258

990

Filed on Aug. 13, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$217,954

Expenses

$158,412

Net Income

$59,542

Net Assets

$19,284,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$99,437	45.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$118,517	54.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$19,293,401
Total Liabilities	$9,000
Net Assets	$19,284,401

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$288,564

Expenses

$320,333

Net Income

-$31,769

Net Assets

$19,372,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$273,099	94.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$15,465	5.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$19,373,106
Total Liabilities	$1,000
Net Assets	$19,372,106

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Updated December 5, 2025

Stowers Policy Institute Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $649k (2024)

Expenses $520k (2024)

Total Assets $29.1M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Revenue

$649k (2024)

Expenses

$520k (2024)

Total Assets

$29.1M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007