Overview
What is National Security Technology Accelerator?
The National Security Technology Accelerator, also known as S2MARTS, is a North Carolina-based nonprofit corporation dedicated to enhancing national security through technology. By collaborating with national security agencies, S2MARTS identifies and refines their existing technology needs, and subsequently searches for and tests potential solutions from various sources including companies, universities, laboratories, and incubators. The organization manages projects from development to testing and deployment, focusing on advanced technology areas like EMS technologies, microelectronics, radiation-hardened hardware, and strategic missions hardware. Overall, S2MARTS facilitates the integration and access of cutting-edge commercial technologies for the U.S. Department of Defense (DOD). The nonprofit employs a team of 31 individuals to carry out its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating 67% - Two-Star out of Four Star rating
The National Security Technology Accelerator has received a Two-Star rating from Charity Navigator, primarily due to its Accountability & Finance score of 67%. This rating is based on a single beacon score, indicating that the charity's financial transparency and management practices are essential to its overall evaluation.
Strengths of the organization include a high program expense ratio of 99.93%, demonstrating that almost all of its expenditures are directed towards its programs. Additionally, the board of directors consists of 75% independent members and has a small independent board size, which contributes positively to governance. The organization also has a robust audit and oversight committee, showcasing good fiscal responsibility.
However, the charity's Liabilities to Assets Ratio stands at 99.10%, which is a significant concern as it may indicate financial vulnerability. While it excels in certain areas, the overall score reflects potential challenges in financial stability that could affect its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is National Security Technology Accelerator legitimate?
National Security Technology Accelerator is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Security Technology Accelerator 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: $57,983
Professional Fundraising Fees: $0
Other Salaries and Wages: $783,993
For more financial information, click here
What is the mission statement of National Security Technology Accelerator?
The National Security Technology Accelerator, also known as S2Marts, is a nonprofit organization dedicated to enhancing national security by identifying, developing, deploying, and supplying advanced technologies to the military. The organization collaborates with the U.S. Department of Defense to refine existing technology deficiencies and needs, and subsequently identifies and tests potential technology solutions from various sources. S2Marts refines strategies and management planning activities and implements integrated, complementary solutions, granting broader access to commercial state-of-the-art technologies, advanced microelectronics, radiation-hardened (radhard) hardware, and strategic missions hardware for the government. S2Marts works closely with national security agencies to identify and define their technology requirements.
Who is the CEO of National Security Technology Accelerator?
Timothy Greeff is the Board Chair of National Security Technology Accelerator.
What is the revenue of National Security Technology Accelerator?
National Security Technology Accelerator's revenue in 2022 was $25,297,187.
Who are the executives of National Security Technology Accelerator and what are their salaries?
The average compensation at National Security Technology Accelerator during 2022 was $27,161. There are 31 employees and 3 volunteers at National Security Technology Accelerator.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $57,983
- Related: $0
- Other: $0
Where can I find the form 990 for National Security Technology Accelerator?
National Security Technology Accelerator's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Security Technology Accelerator
The National Security Technology Accelerator, known as S2MARTS, is a North Carolina-based nonprofit corporation dedicated to strengthening national security through the identification, development, deployment, and supply of advanced technology to the military. S2Marts collaborates closely with the U.S. Department of Defense (DOD) to refine existing technology deficiencies and needs, and subsequently identifies and tests potential technology solutions from various sources, including companies, universities, laboratories, and incubators. S2Marts refines strategies and management planning activities, and implements integrated, complementary solutions that grant broader DOD access to commercial state-of-the-art EMS technologies, advanced microelectronics, radiation-hardened (RADHARD) and strategic missions hardware. The organization works in partnership with national security agencies to identify and define their current technology requirements. S2Marts' mission is to bridge the gap between innovative technology and the military, ensuring the U.S. armed forces remain technologically advanced and capable of addressing emerging threats.
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Impact
October, 2024
The National Security Technology Accelerator, functioning under the name S2MARTS, plays a crucial role in enhancing national security by addressing the technological needs of the U.S. Department of Defense and other national security agencies. Through its innovative approach, S2MARTS identifies and defines current technology gaps faced by these agencies, employing design thinking methodologies to clarify complex problem statements.
Once the problem is articulated, S2MARTS engages strategic partners and networks to discover potential technological solutions. This collaborative effort facilitates a connection between the government and a diverse array of resources, including companies, universities, laboratories, and incubators. By managing the entire lifecycle of technology projects—from development and testing to fielding—S2MARTS ensures that effective solutions are implemented to meet the demands of warfighters.
Further, the organization refines strategies and management planning, allowing for integrated solutions that improve access to advanced technologies, such as state-of-the-art electromagnetic spectrum technologies and radiation-hardened systems. Through these initiatives, S2MARTS significantly strengthens national security capabilities, enabling the U.S. military to respond effectively to contemporary challenges and maintain operational readiness.
This information is meant to be a general summary of National Security Technology Accelerator. 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 2022.
- Investment Income: $44,178
- Program Service Revenue: $23,823,162
- Gross Receipts: $25,297,187
Assets and Liabilities:
- Total Assets: $373,596,823
- Total Liabilities: $370,239,250
- Net Assets: $3,357,573
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
S2MARTS PROTOTYPE
Revenue
$11,250,060
TREX PROTOTYPE
Revenue
$9,032,761
SPEC PROTOTYPE
Revenue
$3,519,941
CONFERENCE REVENUE
Revenue
$20,400
Organization Details
Founding Year
2018
Phone
(408) 970-0100Principal Officer
Timothy Greeff
Main Address
2221 SOUTH CLARK STREET, ARLINGTON, VA, 22202
NTEE Category
Code: M02 - Public safety
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