EIN 56-2038762

SRCco

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Year formed
1997
Most recent tax filings
2023-12-01
NTEE code, primary
Description
SRCco funds and operates programs that focus on microelectronic technology research, benefiting both private industry and U.S. Defense capabilities as a controlled affiliate of the Semiconductor Research Corporation ("SRC"). Their mission extends the viability of Moore's Law economics through 2040 by creating new general purpose architectures and system designs under their program called Jump. They grant research contracts to colleges and universities throughout the United States while being located in Durham, NC.
Also known as...
Microelectronics Advanced Research Corporation
Total revenues
$44,484,022
2023
Total expenses
$61,911,717
2023
Total assets
$38,241,286
2023
Num. employees
0
2023

Program areas at SRCco

Research contracts granted to colleges and universities throughout the united states.
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.
Management and general costs to manage the above research contracts.

Grants made by SRCco

GranteeGrant descriptionAmount
Georgia Tech Research CorporationUniversity Research in the Semiconductor/technology Industry$11,944,484
Regents of the University of California at San DiegoUniversity Research in the Semiconductor/technology Industry$7,600,000
Columbia UniversityUniversity Research in the Semiconductor/technology Industry$6,997,558
...and 11 more grants made

Personnel at SRCco

NameTitleCompensation
Todd YounkinPresident and Chief Executive Officer$156,609
Karen di SpignaChief Accounting Officer$72,819
David HenshallVice President of Business Development$65,450
An ChenProgram Director / Director , Ncore$153,355
Timothy GreenProgram Director$83,141
...and 6 more key personnel

Financials for SRCco

RevenuesFYE 12/2023
Total grants, contributions, etc.$44,080,125
Program services$0
Investment income and dividends$403,897
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$44,484,022

Form 990s for SRCco

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-10990View PDF
2022-122023-10-06990View PDF
2021-122022-10-31990View PDF
2020-122021-11-11990View PDF
2018-122020-02-05990View PDF
...and 9 more Form 990s
Data update history
November 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 5, 2023
Updated personnel
Identified 2 new personnel
May 19, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsResearch centersHeadquarter / parent organizations
Issues
Science and technologyBusiness and industry
Characteristics
MembershipsConducts researchState / local levelReceives government fundingNo full-time employees
General information
Address
4819 Emperor Blvd Suite 300
Durham, NC 27703
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Website URL
src.org/program/jump/ 
IRS details
EIN
56-2038762
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Central organization
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