Mitre Corporation
- Assets
- $1.1b
- Revenue
- $2.4b
- Investments
- $0.0
- Employees
- 10,591
- Location
- Mclean, VA
- Founding
- 07/1960
- Data as of
- 12/2023
- EIN
- 04-2239742
Organization Overview
Mitre Corporation is located in Mclean, VA. The organization was established in 1960. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Mitre Corporation employed 10,591 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mitre Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Mitre Corporation generated $2.4b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.3b during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MITRE NATIONAL SECURITY (MNS) BRIDGES APPLIED SCIENCE AND MISSION-SPECIFIC NEEDS TO ADVANCE THE NATION'S SECURITY. MNS OPERATES IN THE PUBLIC INTEREST BY HELPING THE U.S. GOVERNMENT ADVANCE A BROAD VISION OF NATIONAL SECURITY AND ADDRESS THE MOST PRESSING SECURITY CHALLENGES FACING OUR COUNTRY. MNS INCLUDES THE NATIONAL SECURITY ENGINEERING CENTER (NSEC) FEDERALLY FUNDED RESEARCH AND DEVELOPMENT CENTER WHICH MITRE HAS OPERATED ON BEHALF OF THE DEPARTMENT OF DEFENSE (DOD) FOR OVER 60 YEARS. MNS DELIVERS MISSION-CRITICAL CAPABILITIES, PROMOTES ENTERPRISE-LEVEL SOLUTIONS, AND ENHANCES SYSTEM INTEROPERABILITY WITHIN THE DEPARTMENT OF DEFENSE AND THE NATION'S INTELLIGENCE COMMUNITY.
MITRE PUBLIC SECTOR ADVANCES THE HEALTH, SAFETY, AND SECURITY OF ALL AMERICANS THROUGH THE OPERATION OF FIVE FEDERALLY-FUNDED RESEARCH AND DEVELOPMENT CENTERS AND PUBLIC-PRIVATE PARTNERSHIPS. MPS SOLVES TODAY'S MOST PRESSING TECHNOLOGY CHALLENGES, FOSTERING COOPERATION BETWEEN INDUSTRY AND THE GOVERNMENT WHILE APPLYING SYSTEMS THINKING AND INNOVATIVE APPROACHES THAT ENHANCE GOVERNMENT EFFECTIVENESS AND MISSION SUCCESS. MPS SERVES THE PUBLIC INTEREST BY HELPING TO MODERNIZE MISSION-CRITICAL GOVERNMENT FUNCTIONS AND SUPPORTING TECHNOLOGY INFRASTRUCTURES.
MITRE ENGENUITY CONDUCTS SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST, PROVIDING COLLABORATIVE SOLUTIONS TO NATIONAL CHALLENGES THAT REQUIRE PRIVATE INDUSTRY ENGAGEMENT. MITRE ENGENUITY CONVENES EXPERTS, ORGANIZATIONS, AND INVESTORS IN A NON-COMPETITIVE SPACE. MITRE ENGENUITY FOCUSES ON SOLVING COMPLEX CHALLENGES BEYOND WHAT THE GOVERNMENT ALONE CAN ADDRESS BY ENGAGING PUBLIC AND PRIVATE STAKEHOLDERS AROUND THE ADVANCEMENT OF CRITICAL TECHNOLOGIES, SUCH CYBERSECURITY, 5G, ARTIFICIAL INTELLIGENCE, SEMICONDUCTORS, HEALTH IT, AND TRANSPORTATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Providakes President & CEO | OfficerTrustee | 40 | $3,089,110 |
Keoki Jackson Svp, Gm Of Mns | Officer | 40 | $1,611,032 |
Kathleen Federico Svp, Chief People Officer | Officer | 40 | $1,448,423 |
Cedric Sims SVP Ent Innov & Integration | Officer | 40 | $1,085,948 |
T Charles Clancy III Svp, Gm Mitre Labs, Cto | Officer | 40 | $963,759 |
Wilson Y Wang Svp, Cfo, Treasurer | Officer | 40 | $916,783 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cushman Wakefield Inc Real Estate Services | 12/30/23 | $22,381,744 |
Ce Floyd Company Inc Contractor | 12/30/23 | $8,959,068 |
Gcs Inc Dba Gcs-sigal Contractor | 12/30/23 | $10,886,379 |
Tangoe Inc Contractor | 12/30/23 | $7,717,318 |
Kpmg Llp Consulting | 12/30/23 | $7,017,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,791,162 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,354,247,526 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $30,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,366,038,688 |
| Total Program Service Revenue | $1,681,428 |
| Investment income | $5,380,523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $397,894 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | -$736,827 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,372,797,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,461,501 |
| Compensation of current officers, directors, key employees. | $8,716,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,283,561,677 |
| Pension plan accruals and contributions | $145,364,257 |
| Other employee benefits | $307,286,773 |
| Payroll taxes | $111,205,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,100,294 |
| Fees for services: Accounting | $2,094,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,485,690 |
| Advertising and promotion | $0 |
| Office expenses | $10,394,480 |
| Information technology | $72,864,758 |
| Royalties | $0 |
| Occupancy | $26,236,925 |
| Travel | $38,676,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,971,243 |
| Interest | $6,702,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,458,080 |
| Insurance | $3,864,530 |
| All other expenses | $32,026,925 |
| Total functional expenses | $2,318,681,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,372,194 |
| Savings and temporary cash investments | $101,822,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $330,830,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,434,059 |
| Net Land, buildings, and equipment | $578,782,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,900,641 |
| Total assets | $1,130,142,146 |
| Accounts payable and accrued expenses | $186,266,097 |
| Grants payable | $0 |
| Deferred revenue | $19,336,779 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $105,000,000 |
| Other liabilities | $74,519,164 |
| Total liabilities | $385,122,040 |
| Net assets without donor restrictions | $745,020,106 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,130,142,146 |