Src Inc
85% goes to programs Strong reserves
Src Inc is a 501(c)(3) organization based in N Syracuse, New York, registered in 1997, with $326,540,806 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
7502 Round Pond Rd, N Syracuse, NY, 13212 EIN 15-0589832 Since 1997
Revenue (FY2023)
$326.5M
▲ 4.8% vs prior year
Unknown median: $232K
Expenses (FY2023)
$329.1M
Net assets
$299.8M
Employees
1,337
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 rating85% to programs
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 Src Inc: 85% to programs earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · -1% 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 Src Inc: 11 mo reserves · -1% 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 Src Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Src Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Src inc. is a scientific rd company that provides innovative solutions to the u.s. government and other selected markets through advances in science, technology, public involvement, leadership, and academic partnerships
Contact & location
- Address
- 7502 Round Pond Rd, N Syracuse, NY, 13212
- City
- N Syracuse
- State
- New York
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $142.7M (FY2013) to $326.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $126.5MNet assets $299.8M
Operating margin
-0.8%
Spent more than it raised in the latest fiscal year.
Total assets
$426.2M
Total liabilities
$126.5M
Net assets
$299.8M
Salaries & benefits
$171.6M
52% of expenses
Board members
10
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $326,540,806▲4.8% | $329,099,772▲14.1% | $299,765,598▲4.4% | $426,234,126▲6.0% | 990 |
| 2022 | $311,465,062▲8.2% | $288,390,960▼2.8% | $287,038,773▲14.0% | $402,204,660▲12.2% | 990 |
| 2021 | $287,793,652▼7.6% | $296,686,710▼4.4% | $251,885,241▼15.2% | $358,515,578▼2.9% | 990 |
| 2020 | $311,439,554▼3.7% | $310,275,396▼3.3% | $297,105,773▲0.4% | $369,262,622▼3.6% | 990 |
| 2019 | $323,256,106▲15.5% | $320,989,661▲8.5% | $295,941,615▲1.0% | $382,982,230▲6.9% | 990 |
| 2018 | $279,923,526▲16.6% | $295,763,618▲18.9% | $293,133,287▼5.1% | $358,411,698▼0.6% | 990 |
| 2017 | $240,105,377▲24.4% | $248,672,855▲42.5% | $308,973,379▼2.7% | $360,624,074▼1.7% | 990 |
| 2016 | $193,071,925▲23.0% | $174,519,961▲25.0% | $317,540,857▲6.6% | $366,804,108▲9.9% | 990 |
| 2015 | $156,912,111▲10.9% | $139,570,483▲10.2% | $297,894,860▲6.1% | $333,883,976▲6.6% | 990 |
| 2014 | $141,440,575▼0.9% | $126,597,554▼7.8% | $280,638,032▲5.4% | $313,319,620▲4.4% | 990 |
| 2013 | $142,747,317 | $137,348,599▼8.9% | $266,200,264▲2.0% | $300,162,447▲2.5% | 990 |
| 2012 | — | $150,707,809▼8.1% | $260,963,470▲1.1% | $292,750,829▲0.3% | 990 |
| 2011 | — | $163,919,764▲6.4% | $258,215,237▲6.0% | $291,940,598▲5.8% | 990 |
| 2010 | — | $154,023,208▲5.7% | $243,677,116▲33.0% | $275,835,439▲23.6% | 990 |
| 2009 | — | $145,728,151 | $183,238,893 | $223,123,845 | 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 (FY2023)
Highest-paid: Kevin Hair — $2,643,795 (0.80% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin Hair | President Ceo | 40 | $2,643,795 |
| Joseph T Lauko | Chief Operating Officer | 40 | $1,171,458 |
| James F Holland | Former - Executive Vp, Enterprise Services | 40 | $1,028,273 |
| Mary L Snyder | Executive Vp, General Counsel | 40 | $810,233 |
| Andrea V Masten | Former - Senior Vp, Defense Systems Solutions | 40 | $707,001 |
| Gwendolyn Sykes | Executive Vp, Finance Chief Financial Officer | 40 | $610,611 |
| Stephen L Duning | Senior Vp, Ews | 40 | $525,418 |
| Matthew E Tryniski | Senior Vp Defense Systems Technologies | 40 | $418,431 |
| Kevin M Unger | Senior Vp International Operations | 40 | $414,989 |
| David T Bessey | Vp, Business Development | 40 | $365,076 |
| Asif Q Mossa | Avp Business Development | 40 | $356,606 |
| Yuan Kong | Vp, Corporate Quality | 40 | $342,822 |
| Susan J Gallagher | Former - Vp, Engineering | 40 | $342,671 |
| Julianne F Ramsey | Avp Itss | 40 | $341,864 |
| Philip Fazio | Former - Executive Vp, Finance Chief Financial Officer | 40 | $327,282 |
| David F Toomey III | Avp Business Development | 40 | $317,020 |
| Michael E Murphy | Business Development Director | 40 | $307,966 |
| Matthew Downey | Avp, Strategy Technology | 40 | $303,359 |
| Joseph Corasanti | Trustee | 1 | $200,000 |
| Joan A Dempsey | Chairperson | 1 | $180,000 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Dell Mkt LP | Computer/electronic Retailer | $1,822,164 |
| Visual Logic LLC | Consulting Services | $1,050,103 |
| Quantice X- Microwave - Hawkeye Topco LP | Prototype Materials | $941,698 |
| Triple Crown Consulting LLC | Engineering Consulting Services | $653,559 |
| Ew Consulting LLC | Electronic Warfare Consulting Services | $513,720 |
Grants received · $615K total
8 grants to Src Inc totaling $615K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Johns Hopkins University | Sub-award | 2023 | $79,887 |
| Johns Hopkins University | Sub-award | 2022 | $99,353 |
| The Corporation of Mercer University | Training services | 2018 | $21,600 |
| American University | Sub-award | 2017 | $70,464 |
| Johns Hopkins University | Research sponsored sub-award | 2016 | $194,392 |
| American University | Sub-award | 2016 | $35,979 |
| American University | Sub-award | 2015 | $71,867 |
| Johns Hopkins University | Research sponsored - sub-award | 2015 | $41,839 |
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Frequently asked questions
- Is Src Inc a legitimate nonprofit?
- Yes. Src Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 15-0589832, based in N Syracuse, New York. Donations are tax-deductible.
- What is Src Inc's EIN?
- Src Inc's Employer Identification Number (EIN) is 15-0589832.
- How much revenue does Src Inc report?
- Src Inc reported $326,540,806 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Src Inc's spending goes to programs?
- Src Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Src Inc have?
- CharityIndex grades Src Inc A, based on program efficiency and fundraising cost.
- How much does Src Inc's highest-paid employee make?
- The highest reported compensation on Src Inc's latest Form 990 is $2,643,795, paid to Kevin Hair (President Ceo).
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Data for Src Inc (EIN 15-0589832) 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.