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Charles Stark Draper Laboratory Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042505372 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

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Overview

What is Charles Stark Draper Laboratory Inc?

Charles Stark Draper Laboratory Inc, located at 555 Technology Square, MS 34, Cambridge, Massachusetts, 02139, is a renowned organization that specializes in developing, testing, and delivering advanced technology solutions for the nation's toughest challenges. With a team of 2212 employees, they are pioneers in applying science and technology in the national interest, focusing on strategic systems such as guidance, navigation, and control systems, radiation-hardened electronics, precision sensors, and cyber resilience to ensure mission success. Their engineers design, develop, and deploy innovative technology solutions for critical problems worldwide.


Official website here: www.draper.com

Is Charles Stark Draper Laboratory Inc legitimate?

Charles Stark Draper Laboratory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles Stark Draper Laboratory Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $4,973,871
Professional Fundraising Fees: $0
Other Salaries and Wages: $310,131,310

For more financial information, click here


Official website here: www.draper.com

What is the mission statement of Charles Stark Draper Laboratory Inc?

Charles Stark Draper Laboratory Inc is renowned for pioneering the application of science and technology in the national interest. Their mission involves designing, developing, and deploying advanced technology solutions for the world's most complex and significant problems. The organization specializes in strategic systems, delivering accurate and dependable guidance, navigation, and control systems, radiation-hardened electronics, precision sensors, and robust cyber resilience to ensure mission success.


Official website here: www.draper.com

Who is the CEO of Charles Stark Draper Laboratory Inc?

Jerry Wohletz is the CEO of Charles Stark Draper Laboratory Inc The CEO's salary of Charles Stark Draper Laboratory Inc is $1,617,270 and their total compensation is $1,765,104.


Official website here: www.draper.com

What is the revenue of Charles Stark Draper Laboratory Inc?

Charles Stark Draper Laboratory Inc's revenue in 2024 was $871,099,348.


Official website here: www.draper.com

Who are the executives of Charles Stark Draper Laboratory Inc and what are their salaries?

The average compensation at Charles Stark Draper Laboratory Inc during 2024 was $108,172. There are 2913 employees at Charles Stark Draper Laboratory Inc.

Here are 25 key members and their salaries (Charles Stark Draper Laboratory Inc's CEO's salary is $1,617,270 and their total compensation is $1,765,104):


Jerry Wohletz (President And Ceo)
  • Compensation: $1,617,270
  • Related: $0
  • Other: $147,834
David R Shedd (Chairman)
  • Compensation: $100,000
  • Related: $0
  • Other: $0
Betty Sapp (Director)
  • Compensation: $59,000
  • Related: $0
  • Other: $0
David B Aronoff (Director)
  • Compensation: $55,000
  • Related: $0
  • Other: $0
D Rick Williams (Chairman)
  • Compensation: $55,000
  • Related: $0
  • Other: $0
Terry J Benedict (Director)
  • Compensation: $55,000
  • Related: $0
  • Other: $0
Amr A Elsawy (Director)
  • Compensation: $50,000
  • Related: $0
  • Other: $0
Barbara Stevens (Director)
  • Compensation: $50,000
  • Related: $0
  • Other: $0
Cynthia Collins (Director)
  • Compensation: $50,000
  • Related: $0
  • Other: $0
Lt Gen Ret Francis Kearney (Director)
  • Compensation: $50,000
  • Related: $0
  • Other: $0
Scott W Mackay (Director)
  • Compensation: $50,000
  • Related: $0
  • Other: $0
Wanda A Sigur (Director)
  • Compensation: $50,000
  • Related: $0
  • Other: $0
Christine Albertelli (Cfo, Treasurer - End March 2024)
  • Compensation: $700,035
  • Related: $0
  • Other: $84,944
Mary Kim (Secretary, Vp & Gen Counsel)
  • Compensation: $397,145
  • Related: $0
  • Other: $51,023
Marjorie Quant (Chief Operating Officer)
  • Compensation: $374,608
  • Related: $0
  • Other: $42,876
Carrie George (Cfo, Treasurer - Beg April 2024)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Bacon (Vp, Strategic Systems Programs)
  • Compensation: $490,519
  • Related: $0
  • Other: $60,796
Sarah B Leeper (Vice President, Electronic Systems)
  • Compensation: $475,186
  • Related: $0
  • Other: $49,561
James S Keohane (Vp, Chief Sec. Off. - Beg July 2023)
  • Compensation: $556,337
  • Related: $0
  • Other: $40,281
Frank J Serna (Vp, Usaf & Mda Strategic Systems)
  • Compensation: $493,698
  • Related: $0
  • Other: $48,311
Anthony S Kourepenis (Vice President, Engineering)
  • Compensation: $489,511
  • Related: $0
  • Other: $90,742
Tara S Clark (Vp, Ops & Comm Prog - End Jul 2023)
  • Compensation: $471,971
  • Related: $0
  • Other: $27,611
Amy Hart (Vp, Contracts)
  • Compensation: $472,838
  • Related: $0
  • Other: $42,027
Robert A Larsen (Fmr Prin Dir., Spec Prog)
  • Compensation: $128,732
  • Related: $0
  • Other: $17,084
Neil J Adams (Fmr Vp, Ntl. Sec. & Space)
  • Compensation: $145,542
  • Related: $0
  • Other: $18,282


Official website here: www.draper.com

Where can I find the form 990 for Charles Stark Draper Laboratory Inc?

Charles Stark Draper Laboratory Inc's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.draper.com

Learn more at the official website: www.draper.com

Mission Statement of Charles Stark Draper Laboratory Inc

Charles Stark Draper Laboratory Inc, a pioneering organization, applies science and technology to address significant national interests. The mission of this esteemed institution is to engineer, develop, and deploy advanced technology solutions for the world's most complex and critical problems. Draper's engineers design and build systems that ensure unmatched accuracy and reliability in guidance, navigation, and control systems. They also develop radiation-hardened electronics, precision sensors, and cyber resilience to ensure mission success. The laboratory's strategic systems are trusted by the nation when deterrence is required. Their expertise lies in creating systems that deliver the world's most accurate and dependable guidance, navigation, and control technologies. Additionally, they develop radiation-hardened electronics, advanced sensors, and robust cybersecurity solutions to tackle the most challenging problems. Through their unwavering commitment to innovation and excellence, Charles Stark Draper Laboratory Inc continues to push the boundaries of science and technology, addressing the nation's most pressing needs.

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Impact




October, 2024

Charles Stark Draper Laboratory Inc significantly influences national security and technological advancement through its pioneering work in guidance, navigation, and control systems. The laboratory is crucial for developing strategic systems that ensure effective deterrence, providing the U.S. with superior technological capabilities. Draper's expertise in radiation-hardened electronics and precision sensors enhances mission success across various applications, including defense and aerospace.

Draper's engineers tackle some of the most challenging and pressing problems, delivering innovative technology solutions that support critical national interests. Their commitment to cyber resilience further strengthens the operational integrity of systems in an increasingly digital and connected world. By advancing scientific research and technology, Draper plays a vital role in ensuring that the nation remains secure and prepared for future challenges.




This information is meant to be a general summary of Charles Stark Draper Laboratory Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$871,099,348 (2024)
Expenses
$830,228,101 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $8,130,831
  • Program Service Revenue: $851,508,845
  • Gross Receipts: $944,468,037

Assets and Liabilities:

  • Total Assets: $675,703,596
  • Total Liabilities: $244,295,693
  • Net Assets: $431,407,903

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$851,508,845

Organization Details

Founding Year

1973

Principal Officer

Jerry Wohletz

NTEE Category

Code: U400 - Science research

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