Charles Stark Draper Laboratory Inc
86% goes to programs $0 to raise $100 Strong reserves Growing revenue
Charles Stark Draper Laboratory Inc is a 501(c)(3) organization based in Cambridge, Massachusetts, registered in 1973, with $949,348,102 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
555 Technology Sq, Cambridge, MA, 02139 EIN 04-2505372 Since 1973
Revenue (FY2024)
$949.3M
▲ 9.0% vs prior year
Science & Tech median: $288K
Expenses (FY2024)
$919.5M
Net assets
$605.5M
Employees
2,738
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Charles Stark Draper Laboratory Inc: 86% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Charles Stark Draper Laboratory Inc: 8 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Charles Stark Draper Laboratory Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Charles Stark Draper Laboratory Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Pioneer in the application of science and technology in the national interest.
What they do
National security & space: from pioneering precision guidance for munitions, designing autonomy architecture for unmanned undersea vehicles, advancing celestial navigation technology, developing algorithms for geospatial intelligence analysis, devising both hardware and software cyber security for embedded systems - and more, we collaborate with our customer to ensure they have the capabilities they need when they need them. in space, we continue to support humankind's desire to surpass the boundaries of our planet. draper engineers solutions that enable space exploration.
Commercial programs: for more than 80 years, draper has delivered new capabilities to support u.s. national security. in often challenging environments, when lives are on the line, your technologies have to work. many of the tools and capabilities delivered for our national security customers may be applied to solve challenges in the commercial sector.
Contact & location
- Address
- 555 Technology Sq, Cambridge, MA, 02139
- City
- Cambridge
- State
- Massachusetts
- Category
- Science & Technology
- Subcategory
- Engineering & Technology
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $538.6M (FY2013) to $949.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $295.5MNet assets $605.5M
Operating margin
3.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$900.9M
Total liabilities
$295.5M
Net assets
$605.5M
Salaries & benefits
$484.2M
53% of expenses
Board members
14
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $949,348,102▲9.0% | $919,457,813▲10.7% | $605,460,103▲9.6% | $900,930,023▲10.3% | 990 |
| 2023 | $871,099,348▲13.9% | $830,228,101▲13.7% | $552,540,500▲13.9% | $817,012,224▲9.5% | 990 |
| 2022 | $764,551,452▲13.6% | $730,364,613▲11.7% | $485,175,310▲12.5% | $745,841,251▲10.4% | 990 |
| 2021 | $673,284,424▼9.1% | $653,642,531▼8.0% | $431,407,903▲1.6% | $675,703,596▼1.2% | 990 |
| 2020 | $741,022,906▲13968% | $710,284,122▲130447% | $424,406,333▲1965% | $683,581,113▲3227% | 990 |
| 2019 | $5,267,345▼99.2% | $544,083▼99.9% | $20,547,422▼94.0% | $20,547,422▼96.6% | 990 |
| 2018 | $653,738,243▲7.5% | $671,360,176▲5.0% | $341,545,291▼12.7% | $607,378,644▼8.5% | 990 |
| 2017 | $607,909,831▲5.2% | $639,240,632▲4.7% | $391,408,788▼2.8% | $663,485,592▲8.2% | 990 |
| 2016 | $577,837,987▼14.6% | $610,834,477▼4.5% | $402,666,719▲6.2% | $613,174,784▲0.1% | 990 |
| 2015 | $676,333,609▲3.1% | $639,397,740▲7.6% | $379,137,570▲3.9% | $612,786,103▲7.4% | 990 |
| 2014 | $656,048,040▲21.8% | $594,125,615▲11.3% | $364,862,344▲0.8% | $570,535,864▼4.2% | 990 |
| 2013 | $538,607,372 | $533,611,613▲1.5% | $362,057,282▲8.5% | $595,667,672▲8.7% | 990 |
| 2012 | — | $525,577,507▲1.9% | $333,783,728▲18.3% | $547,854,748▲10.3% | 990 |
| 2011 | — | $515,758,153▼4.3% | $282,068,942▼6.9% | $496,845,745▲3.6% | 990 |
| 2010 | — | $539,160,246▲8.8% | $302,872,450▲15.5% | $479,582,453▲5.9% | 990 |
| 2009 | — | $495,745,799 | $262,299,658 | $453,021,526 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jerry Wohletz — $1,793,133 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jerry Wohletz | President and Ceo | 40 | $1,793,133 |
| Robert Bacon | Vp, Strategic Systems Programs | 40 | $533,189 |
| Anthony S Kourepenis | Vice President, Engineering | 40 | $515,465 |
| Frank J Serna | Vp, Usaf & Mda Strategic Systems | 40 | $491,656 |
| Sarah B Leeper | Vice President, Electronic Systems | 40 | $485,264 |
| Julia Macdonough | Vp, Gm Af & Md Statergic Systems | 40 | $481,444 |
| Marjorie Quant | Chief Operating Officer | 40 | $465,867 |
| Jennifer Santos | Vp, Chief Strategy Officer | 40 | $450,581 |
| Nancy Lightbody | Vice President, Chro | 40 | $448,437 |
| Mary Kim | Secretary, Vp & Gen Counsel | 40 | $421,335 |
| Tara Clark - Former | Vp, Operations & Commercial Programs | 0 | $395,529 |
| Carrie George | Cfo, Treasurer | 40 | $317,310 |
| David R Shedd | Director | 3 | $110,014 |
| Amr A Elsawy | Chairman | 3 | $87,500 |
| Betty Sapp | Director | 3 | $85,000 |
| David B Aronoff | Director | 3 | $85,000 |
| D Rick Williams | Director | 3 | $85,000 |
| Terry J Benedict | Director | 3 | $85,000 |
| Barbara Stevens | Director | 3 | $75,000 |
| Cynthia Collins | Director | 3 | $75,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Nap Construction LLC | Outside Services | $14,250,336 |
| Elysian Technology Inc | Computer Hardware | $7,277,392 |
| Chapman Constructiondesign Company | Outside Services | $7,077,344 |
| Softworld Inc | Staffing Company | $7,038,494 |
| Digital Prospectors | Staffing Company | $6,781,746 |
Grants received · $6.6M total
17 grants to Charles Stark Draper Laboratory Inc totaling $6.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Johns Hopkins University | Sub-award | 2022 | $38,299 |
| Johns Hopkins University | Sub-award | 2021 | $7,634 |
| National Philanthropic Tr | Public, societal benefit | 2020 | $536,990 |
| Johns Hopkins University | Sub-award | 2020 | $8,834 |
| Johns Hopkins University | Sub-award | 2019 | $664,275 |
| Johns Hopkins University | Sub-award | 2018 | $307,372 |
| Northeastern University | Sub-award | 2018 | $6,426 |
| Johns Hopkins University | Sub-award | 2017 | $147,145 |
| Northeastern University | Sub-award | 2017 | $78,923 |
| Mass General Brigham Incorporated | Basic research | 2017 | $36,131 |
| Johns Hopkins University | Research sponsored sub-award | 2016 | $1,921,469 |
| Northwestern University | Support of research activities | 2016 | $205,201 |
| Northeastern University | Sub-award | 2016 | $6,426 |
| Johns Hopkins University | Research sponsored - sub-award | 2015 | $1,048,646 |
| Northwestern University | Support of research activities | 2015 | $145,046 |
Grants made · $4.6M in FY2024
15 grants totaling $4.6M in FY2024. All grants made by Charles Stark Draper Laboratory Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Institute of Technology | Research/scholar support | $1,740,772 |
| Regents of the University of Colorado | Scholar support | $621,820 |
| Brown University of Providence | Scholar support | $502,198 |
| President and Fellows of Harvard College | Scholar support | $310,944 |
| Trustees of Tufts College | Scholar support | $302,839 |
| Worcester Polytechnic Institute | Scholar support | $292,506 |
| Northeastern University | Scholar support | $168,998 |
| Georgia Institute of Technology | Scholar support | $146,054 |
| Trustees of Boston University | Scholar support | $121,448 |
| Trustees of Purdue University | Scholar support | $105,803 |
| University of Massachusetts Lowell | Scholar support | $88,109 |
| Texas A&m Engineering Experiment Station | Scholar support | $77,990 |
| Portland State University Foundation | Scholar support | $68,625 |
| Georgia Tech Research Corporation | Scholar support | $55,374 |
| Childrens Hospital Corporation | Research | $15,308 |
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Frequently asked questions
- Is Charles Stark Draper Laboratory Inc a legitimate nonprofit?
- Yes. Charles Stark Draper Laboratory Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2505372, based in Cambridge, Massachusetts. Donations are tax-deductible.
- What is Charles Stark Draper Laboratory Inc's EIN?
- Charles Stark Draper Laboratory Inc's Employer Identification Number (EIN) is 04-2505372.
- How much revenue does Charles Stark Draper Laboratory Inc report?
- Charles Stark Draper Laboratory Inc reported $949,348,102 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Charles Stark Draper Laboratory Inc's spending goes to programs?
- Charles Stark Draper Laboratory Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Charles Stark Draper Laboratory Inc have?
- CharityIndex grades Charles Stark Draper Laboratory Inc A, based on program efficiency and fundraising cost.
- How much does Charles Stark Draper Laboratory Inc's highest-paid employee make?
- The highest reported compensation on Charles Stark Draper Laboratory Inc's latest Form 990 is $1,793,133, paid to Jerry Wohletz (President and Ceo).
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Data for Charles Stark Draper Laboratory Inc (EIN 04-2505372) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.