EIN 56-2038762

SRCco

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Year formed
1997
Most recent tax filings
2022-12-01
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
$45,012,595
2022
Total expenses
$39,505,984
2022
Total assets
$42,830,224
2022
Num. employees
0
2022

Program areas at SRCco

Research contracts granted to colleges and universities throughout the united states.
The mission of jump is to look beyond today's technology horizon and lay the scientific groundwork that extends the viability of moore's law economics through 2040. This program must create new general purpose architectures and system designs that relax device constraints and provide opportunities for new device types and novel, heterogeneous integration solutions. It must invent new devices and designs that are capable of the performance achievable today at a power consumption that is 1-3 orders of magnitude lower. Finally, it must train tomorrow's workforce to deliver smart, autonomous, safe, connected, efficient, and affordable electronics that meet our sensing, actuation, communication, computing, and storage needs for 2025 and beyond. In addition to providing enabling technologies, the research scope for each center represents a critical component in the development of systems for both the semiconductor and defense industries and the department of defense.
Management and general costs to manage the above research contracts.

Grants made by SRCco

GranteeGrant descriptionAmount
University of Notre DameUniversity Research in the Semiconductor/technology Industry$6,958,303
University of California Santa BarbaraUniversity Research in the Semiconductor/technology Industry$6,244,414
Trustees of Purdue University / Purdue UniversityUniversity Research in the Semiconductor/technology Industry$5,885,644
...and 6 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 12/2022
Total grants, contributions, etc.$44,879,897
Program services$0
Investment income and dividends$132,698
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$45,012,595

Form 990s for SRCco

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-06990View PDF
2021-122022-10-31990View PDF
2020-122021-11-11990View PDF
2018-122020-02-05990View PDF
2017-122018-11-15990View PDF
...and 8 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
Business 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
Free account sign-up

Want updates when SRCco has new information, or want to find more organizations like SRCco?

Create free Cause IQ account