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SRC INC

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Public IRS 990 nonprofit record

SRC INC

EIN 15-0589832 · Unknown (Z99)

What they do

Our Mission is to Deliver Innovative, Advanced Defense Solutions and Products That Help Keep America and Our Allies Safe and Strong Through RD, Services, and Manufacturing - Investing All Our Earnings Into Technology, Employees, and Communities.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $84.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.37%of revenue went to mission work84.7% of expenses · Program services
$96.10spent for every $100 of revenueRevenue covered expenses this year.
15.41%of revenue went to management and office costs15.3% of expenses
$1.31in assets for every $1 spent this yearSome assets cannot be spent right away.
0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $2,912,531 for KEVIN HAIR (PRESIDENT CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$326,540,806
Mission workProgram services$278,784,00185.37% of revenue84.7% of expenses
ManagementOffice and general costs$50,315,77115.41% of revenue15.3% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$329,099,772100.78% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 84.7% mission · 15.3% management · 0.0% fundraisingTotal expenses: 100.78% of revenue
2022Expense mix: 83.3% mission · 16.7% management · 0.0% fundraisingTotal expenses: 92.59% of revenue
2021Expense mix: 83.7% mission · 16.3% management · 0.0% fundraisingTotal expenses: 103.09% of revenue
2020Expense mix: 85.6% mission · 14.4% management · 0.0% fundraisingTotal expenses: 99.63% of revenue
2019Expense mix: 88.2% mission · 11.8% management · 0.0% fundraisingTotal expenses: 99.30% of revenue
2018Expense mix: 85.2% mission · 14.8% management · 0.0% fundraisingTotal expenses: 105.66% of revenue
2017Expense mix: 85.4% mission · 14.6% management · 0.0% fundraisingTotal expenses: 103.57% of revenue
2016Expense mix: 82.6% mission · 17.4% management · 0.0% fundraisingTotal expenses: 90.39% of revenue

Money in and money out

Revenue$342,469,898
Expenses$329,099,772
Annual surplus $13,370,126 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$278,784,001 · 84.7% of expenses
Management and office costs$50,315,771 · 15.3% of expenses
See all reported dollar amounts
Revenue$342,469,898
Expenses$329,099,772
Assets$430,746,708
Income$355,425,346
Contributions$79,887
Mission work (program services)$278,784,001
Management and general$50,315,771
Stocks and bonds$168,546,504
Accounting fees$313,001
Investing fees$298,093
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
KEVIN HAIRPRESIDENT CEO · 40 hrs/week $2,912,531Base $2,643,795 · Other $268,736
JOSEPH T LAUKOCHIEF OPERATING OFFICER · 40 hrs/week $1,321,464Base $1,171,458 · Other $150,006
JAMES F HOLLANDFORMER - EXECUTIVE VP, ENTERPRISE SERVICES · 40 hrs/week $1,143,734Base $1,028,273 · Other $115,461
MARY L SNYDEREXECUTIVE VP, GENERAL COUNSEL · 40 hrs/week $922,230Base $810,233 · Other $111,997
ANDREA V MASTENFORMER - SENIOR VP, DEFENSE SYSTEMS SOLUTIONS · 40 hrs/week $729,516Base $707,001 · Other $22,515
GWENDOLYN SYKESEXECUTIVE VP, FINANCE CHIEF FINANCIAL OFFICER · 40 hrs/week $681,498Base $610,611 · Other $70,887
STEPHEN L DUNINGSENIOR VP, EWS · 40 hrs/week $591,610Base $525,418 · Other $66,192
MATTHEW E TRYNISKISENIOR VP DEFENSE SYSTEMS TECHNOLOGIES · 40 hrs/week $479,872Base $418,431 · Other $61,441
KEVIN M UNGERSENIOR VP INTERNATIONAL OPERATIONS · 40 hrs/week $476,429Base $414,989 · Other $61,440
DAVID T BESSEYVP, BUSINESS DEVELOPMENT · 40 hrs/week $413,666Base $365,076 · Other $48,590
ASIF Q MOSSAAVP BUSINESS DEVELOPMENT · 40 hrs/week $408,921Base $356,606 · Other $52,315
YUAN KONGVP, CORPORATE QUALITY · 40 hrs/week $397,002Base $342,822 · Other $54,180

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

KEVIN HAIRPRESIDENT CEO

JOSEPH T LAUKOCHIEF OPERATING OFFICER

JAMES F HOLLANDFORMER - EXECUTIVE VP, ENTERPRISE SERVICES

MARY L SNYDEREXECUTIVE VP, GENERAL COUNSEL

ANDREA V MASTENFORMER - SENIOR VP, DEFENSE SYSTEMS SOLUTIONS

GWENDOLYN SYKESEXECUTIVE VP, FINANCE CHIEF FINANCIAL OFFICER

STEPHEN L DUNINGSENIOR VP, EWS

MATTHEW E TRYNISKISENIOR VP DEFENSE SYSTEMS TECHNOLOGIES

KEVIN M UNGERSENIOR VP INTERNATIONAL OPERATIONS

DAVID T BESSEYVP, BUSINESS DEVELOPMENT

ASIF Q MOSSAAVP BUSINESS DEVELOPMENT

YUAN KONGVP, CORPORATE QUALITY

JULIANNE F RAMSEYAVP ITSS

PHILIP FAZIOFORMER - EXECUTIVE VP, FINANCE CHIEF FINANCIAL OFF

MICHAEL E MURPHYBUSINESS DEVELOPMENT DIRECTOR

MATTHEW DOWNEYAVP, STRATEGY TECHNOLOGY

SUSAN J GALLAGHERFORMER - VP, ENGINEERING

DAVID F TOOMEY IIIAVP BUSINESS DEVELOPMENT

JOSEPH CORASANTITRUSTEE

JOAN A DEMPSEYCHAIRPERSON

THOMAS TRISCARITRUSTEE

RAJEEV BHALLATRUSTEE

ANTHONY MITCHELLTRUSTEE

KIMBERLY A BOYNTONVICE CHAIRPERSON

DONALD KERRICKTRUSTEE

DEBORAH G OLIVERTRUSTEE

ANTHONY O STEWARTFORMER VP, CORPORATE QUALITY

LEON ROGER MASON JRTRUSTEE

KAREN MORRISSEYVP, HR CR

DENNIS L VIATRUSTEE

About this charity

Recognized since
January 1997
Location
7502 ROUND POND RD, N SYRACUSE, NY 13212-2558
County
Onondaga
In care of
% SYRACUSE RESEARCH CORPORATION
Primary officer
Gwendolyn Sykes, EVP Finance CFO

How to reach them

WebsiteVisit the charity’s website Phone(315) 452-8000

Filing and classification

Latest tax year
2023
Tax period began
October 1, 2023
Return type
990
Tax preparer
SRC INC
NTEE classification
Unknown (Z99)
IRS tax category
Unknown

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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