Southwest Research Institute is a 501(c)(3) organization based in San Antonio, Texas, registered in 2006, with $926,409,362 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
Revenue (FY2023)
$926.4M
▲ 8.3% vs prior year
Science & Tech median: $288K
Expenses (FY2023)
$892.4M
Net assets
$822.6M
Employees
3,418
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 Southwest Research Institute: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
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 Southwest Research Institute: 11 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
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 Southwest Research Institute: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Southwest Research Institute: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Benefiting government, industry & the public through innovative science & technology.
Revenue grew from $529.0M (FY2013) to $926.4M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
3.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$302.3M
Net assets
$822.6M
Salaries & benefits
$451.0M
51% of expenses
Board members
14
11 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $926,409,362▲8.3% | $892,381,723▲9.9% | $822,586,232▲7.6% | $1,124,893,515▲10.3% | 990 |
| 2022 | $855,635,746▲6.8% | $811,796,809▲6.5% | $764,707,026▲8.0% | $1,020,250,704▲8.8% | 990 |
| 2021 | $800,924,085▲7.0% | $762,558,422▲9.3% | $708,232,291▲3.9% | $937,978,813▲4.9% | 990 |
| 2020 | $748,313,333▲6.0% | $697,628,143▲5.6% | $681,426,009▲8.4% | $894,584,988▲9.0% | 990 |
| 2019 | $706,134,413▲3.0% | $660,523,194▲2.5% | $628,889,441▲6.3% | $820,589,755▲7.7% | 990 |
| 2018 | $685,545,163▲16.0% | $644,457,235▲14.9% | $591,480,511▲6.0% | $761,804,112▲5.7% | 990 |
| 2017 | $591,154,625▲10.0% | $561,010,323▲3.8% | $557,983,314▲7.4% | $720,619,580▲8.2% | 990 |
| 2016 | $537,518,663▼6.0% | $540,523,084▼5.2% | $519,574,715▲2.3% | $665,862,060▼1.3% | 990 |
| 2015 | $571,886,928▼5.0% | $570,069,462▼0.8% | $507,930,088▲0.9% | $674,813,781▲0.1% | 990 |
| 2014 | $602,085,449▲13.8% | $574,714,984▲9.2% | $503,506,427▲3.2% | $673,835,352▲3.5% | 990 |
| 2013 | $529,032,410 | $526,433,701▼2.5% | $487,712,960▲1.1% | $651,171,673▲1.0% | 990 |
| 2012 | — | $539,737,499▲0.9% | $482,407,923▲9.9% | $644,855,953▲6.0% | 990 |
| 2011 | — | $534,722,111▼0.3% | $439,116,969▲8.2% | $608,230,482▲6.5% | 990 |
| 2010 | — | $536,080,286▲6.1% | $405,778,527▲9.2% | $570,931,317▲9.3% | 990 |
| 2009 | — | $505,469,935 | $371,738,177 | $522,156,831 | 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.
Highest-paid: Adam Hamilton — $1,661,889 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Adam Hamilton | President/ceo/director | 40 | $1,661,889 |
| Walter D Downing Jr | Exec Vp/coo/director | 40 | $1,020,498 |
| James L Burch | Senior Vice President | 40 | $735,215 |
| Beth Ann Rafferty | Cfo/secretary/vp-finance | 40 | $593,011 |
| Sol A Stern | Associate Vice President | 40 | $568,462 |
| C Nils Smith | Vice President | 40 | $522,984 |
| Scott J Bolton | Associate Vice President | 40 | $510,829 |
| Robin Canup | Vice President | 40 | $502,992 |
| Steven D Marty | Vice President | 40 | $499,729 |
| Steven W Dellenback | Vice President | 40 | $482,465 |
| Daniel W Stewart | Vice President | 40 | $465,826 |
| Monica R Trollinger | General Counsel | 40 | $458,288 |
| Stephan A Fuselier | Executive Director | 40 | $457,963 |
| Michael K Mclelland | Vice President | 40 | $412,233 |
| Anthony Magaro | Vice President | 40 | $401,279 |
| Ben H Thacker | Vice President | 40 | $394,772 |
| Harold F Levinson | Program Director | 40 | $390,009 |
| Brian J Schimmoller | President-signature Science | 40 | $370,742 |
| Paul Easley | Vice President | 40 | $365,864 |
| Jim R Keys | Vice President | 40 | $360,666 |
| Contractor | Services | Paid |
|---|---|---|
| Millennium Space Systems | R&d Services | $19,089,549 |
| Keller-martin Construction | Construction | $10,508,722 |
| Sabreliner Aviation LLC | Engineering | $9,278,920 |
| Actalent Inc | Staffing Agency | $6,888,387 |
| Chevron Phillips Chemical | Fuel Provider | $6,868,426 |
58 grants to Southwest Research Institute totaling $106.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Underwriters Laboratories Inc | Research | 2024 | $90,000 |
| Johns Hopkins University | Sub-award | 2023 | $19,924,834 |
| Association of Universities For | Scientific research on data from hubble space telescope | 2023 | $390,619 |
| Trustees of Boston University | Research | 2023 | $288,456 |
| Scripps Research Institute | Grants for scientific research | 2023 | $68,934 |
| Seti Institute | Research | 2023 | $37,267 |
| Underwriters Laboratories Inc | Research | 2023 | $31,018 |
| Carnegie Mellon University | Education/research | 2023 | $30,282 |
| Rensselaer Polytechnic Institute | Research subcontract | 2023 | $13,241 |
| Johns Hopkins University | Sub-award | 2022 | $22,507,780 |
| Association of Universities For | Scientific research on data from hubble space telescope | 2022 | $336,646 |
| Underwriters Laboratories Inc | General support | 2022 | $178,582 |
| University of Delaware | Research subaward | 2022 | $168,497 |
| West Virginia University Research Corporation | Research | 2022 | $166,137 |
| Trustees of Boston University | Research research | 2022 | $54,906 |
8 grants totaling $530K in FY2023. All grants made by Southwest Research Institute →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of San Antonio & Bexar County | General support | $357,000 |
| Essar Recreation Association | General support | $48,762 |
| Association of Graduates of the United States Military Academy | General support | $44,600 |
| Community of Churches For Social Action Ccsa | General support | $28,000 |
| Texas Biomedical Forum | General support | $17,000 |
| Texas Academy of Medicine Engineering Science and Technology | General support | $15,000 |
| The University of Texas At San Antonio | General support | $10,000 |
| University Corporation For Atmospheric Research | General support | $10,000 |
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Data for Southwest Research Institute (EIN 74-1070544) 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.