Overview
What is Srcco?
Srcco, a controlled affiliate of the Semiconductor Research Corporation (SRC), is a nonprofit organization based in Durham, North Carolina, specifically located at 4819 Emperor Boulevard Suite 300. They fund and manage university-based research programs focused on microelectronic technology, benefiting both private industry and U.S. defense capabilities. Srcco's mission involves channeling funds into research centers across the United States, supporting projects that advance the field of microelectronics.
Official website here: www.src.org
Is Srcco legitimate?
Srcco is a legitimate nonprofit organization registered as a 501(c)(6) entity. Srcco 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: $768,709
Professional Fundraising Fees: $0
Other Salaries and Wages: $453,626
For more financial information, click here
Official website here: www.src.org
What is the mission statement of Srcco?
Srcco, an affiliate of the Semiconductor Research Corporation, supports and manages university-based research programs focused on microelectronic technology. The organization's mission is to facilitate research that benefits both private industry and U.S. defense capabilities. Research grants are provided to colleges and universities across the United States to fund their projects. By funding these research centers, Srcco contributes to the advancement of microelectronic technology, contributing to the industry's growth and the U.S. defense sector's technological edge.
Official website here: www.src.org
Who is the CEO of Srcco?
Todd Younkin is the CEO of Srcco The CEO's salary of Srcco is $180,822 and their total compensation is $713,396.
Official website here: www.src.org
What is the revenue of Srcco?
Srcco's revenue in 2023 was $44,484,022.
Official website here: www.src.org
Who are the executives of Srcco and what are their salaries?
Here are 5 key members and their salaries (Srcco's CEO's salary is $180,822 and their total compensation is $713,396):
- Compensation: $180,822
- Related: $432,869
- Other: $99,705
- Compensation: $64,605
- Related: $187,490
- Other: $69,689
- Compensation: $76,971
- Related: $122,426
- Other: $96,650
- Compensation: $148,950
- Related: $50,446
- Other: $96,650
- Compensation: $180,000
- Related: $0
- Other: $0
Official website here: www.src.org
Where can I find the form 990 for Srcco?
Srcco's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.src.org
Learn more at the official website: www.src.org
Mission Statement of Srcco
Srcco, a controlled affiliate of the Semiconductor Research Corporation (SRC), plays a vital role in funding and managing university-based research centers focused on microelectronic technology. This mission benefits both private industry and U.S. defense capabilities. Srcco grants research contracts to colleges and universities across the United States.
In essence, Srcco acts as a bridge between academia and industry, channeling resources towards groundbreaking research in the field of microelectronics. By funding these centers, Srcco contributes to the advancement of technology that holds significant importance for both commercial applications and national defense.
Srcco's initiatives have a dual impact. On one hand, they fuel the development of innovative technologies that can be commercialized and adopted by private industries. On the other hand, these advancements can be harnessed to enhance U.S. defense capabilities, ensuring the nation's technological edge in a competitive global landscape. As a result, Srcco's mission is instrumental in driving progress in the microelectronics sector, with far-reaching implications for various industries and national security.
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Impact
October, 2024
Srcco significantly influences the landscape of microelectronic technology research in the United States by funding university-based research centers. By facilitating research contracts with colleges and universities, Srcco enhances collaboration between academia and industry, ensuring that cutting-edge advancements in microelectronics not only drive innovation but also bolster U.S. defense capabilities. This strategic alignment of resources and expertise fosters the development of technologies that meet the evolving needs of private industry while simultaneously contributing to national security. The organization's efforts contribute to community improvement, creating a skilled workforce and advancing technological knowledge that benefits society as a whole.
This information is meant to be a general summary of Srcco. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $403,897
- Gross Receipts: $44,484,022
Assets and Liabilities:
- Total Assets: $42,830,224
- Total Liabilities: $21,566,525
- Net Assets: $21,263,699
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Organization Details
Founding Year
1997
Principal Officer
Todd Younkin
Website
www.src.orgNTEE Category
Code: S41 - Community improvement
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