NonprofitsSrcco Inc

Community Improvement & Capacity Building

Srcco Inc

DURHAM, NC

Total revenue

$53.5M

Total expenses

$50.3M

Net assets

$7.1M

Grants received

EIN

562038762

Tax year

2024

Mission

See part iii, line 1.

Programs

2 programs

Management and general costs to manage the above research contracts.

Jump 2.0 is an src-led public-private partnership in cooperation with darpa, co-sponsored by src, darpa, the commercial semiconductor industry, and the defense industrial base. Jump 2.0 will drive long-term pathfinding university research that substantially increases the performance, efficiency, and capabilities of broad classes of electronics systems for both commercial and military applications. The program will sponsor seven academic research centers focused on critical technology themes, one center for each theme. These seven themes will benefit both the defense and industrial sectors by providing the department of defense with an unmatched technological edge in advanced radar, communications, and weapons systems, and provide the u.s. Economy with unique information technology and processing capabilities critical to commercial competitiveness and future economic growth.

Financials

FY 2024

Revenue

Contributions & grants$52.9M
Program service revenue
Investment income$617K
Other revenue
Total revenue$53.5M

Expenses

Grants paid$47.1M
Salaries & benefits$1.9M
Fundraising
Other expenses$1.3M
Total expenses$50.3M
Total assets$44.1M
Net assets$7.1M

People

4 listed

NameRoleCompensation

TODD YOUNKIN

PRESIDENT & CEO

Board

$285K

17 hrs/wk

DAVID HENSHALL

VP OF BUSINESS DEVELOPMENT

Board

$107K

16 hrs/wk

KAREN DI SPIGNA

CHIEF ACCOUNTING OFFICER

Board

$90K

19 hrs/wk

ADAM KNAPP

PROGRAM MANAGER

Staff

$112K

29 hrs/wk

Independent contractors

Stanek Lemon Crouse & Meeks PA

Intellectual Property Attorney Services

$263K

INTEL

LOANED EMPLOYEE

$180K

Details

EIN562038762
NTEE codeS41
Subsection06
Ruling date2002-02
Formed1997
Employees0
Volunteers0
SRCCO INC — Mission, Financials & Grants Received | Grantivo