Mitre Corporation
- Assets
- $1.0b
- Revenue
- $514.5m
- Investments
- $0.0
- Employees
- 10,590
- Location
- Mclean, VA
- Founding
- 07/1960
- Data as of
- 12/2021
- 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 12/2021, Mitre Corporation employed 10,590 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 12/2021, Mitre Corporation generated $514.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $532.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
MITRE NATIONAL 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 CHALLENGES FACING OUR COUNTRY. WITHIN MNS IS ONE FEDERALLY FUNDED RESEARCH AND DEVELOPMENT CENTER - NSEC (NATIONAL SECURITY ENGINEERING CENTER) THAT FOCUSES ON DELIVERING MISSION-CRITICAL CAPABILITIES, PROMOTING ENTERPRISE-LEVEL SOLUTIONS, AND ENHANCING SYSTEM INTEROPERABILITY WITHIN THE DOD AND INTELLIGENCE COMMUNITY. IDENTIFYING AND SOLVING TODAY'S MOST PRESSING CYBERSECURITY CHALLENGES BY FOSTERING COOPERATION BETWEEN THE PRIVATE SECTOR AND THE GOVERNMENT.
MITRE PUBLIC SECTOR - MPS OPERATES FIVE FFRDCS. WITHIN MPS ARE CGEM (CENTER FOR GOVERNMENT EFFECTIVENESS AND MODERNIZATION), HEALTH (CMS ALLIANCE TO MODERNIZE HEALTHCARE), CAASD (CENTER FOR AVIATION SYSTEM DEVELOPMENT), AND CSH (CENTER FOR SECURING THE HOMELAND), WHICH IS COMPRISED OF HHSEDI AND NCF (NATIONAL CYBERSECURITY). MPS SERVES THE PUBLIC INTEREST BY TAKING ON THE CHALLENGE OF RESHAPING AND MODERNIZING GOVERNMENT MISSION-CRITICAL FUNCTIONS AND SUPPORTING TECHNOLOGY INFRASTRUCTURES. MPS DELIVERS ON HIGH PUBLIC EXPECTATIONS FOR SERVICE AND RESULTS AND RESPONDING TO NEW THREATS AND EVOLVING LEGISLATIVE MANDATES, ALL WHILE REDUCING COST AND RISK, INCREASING PREDICTABILITY, AND ENSURING OPERATIONAL INTEGRITY. MPS FOCUSES ON IDENTIFYING AND SOLVING TODAY'S MOST PRESSING CYBER SECURITY CHALLENGES BY FOSTERING COOPERATION BETWEEN PRIVATE AND THE GOVERNMENT. MPS APPLIES INNOVATIVE APPROACHES TO SYSTEMS THINKING TO ENHANCE EFFECTIVENESS AND DRIVE MISSION SUCCESS.
ENGENUITY IS A SINGLE-MEMBER LIMITED LIABILITY COMPANY OF THE MITRE CORPORATION PROVIDING SUPPORT FOR EDUCATION AND RESEARCH AND DEVELOPMENT SERVICES TO COMMERCIAL CUSTOMERS AND FOR THE PUBLIC INTEREST. ENGENUITY FOCUSES ON SOLVING COMPLEX CHALLENGES BEYOND WHAT THE GOVERNMENT ALONE CAN ADDRESS BY ENGAGING THE PUBLIC SECTOR AND SHARING TECHNOLOGIES, SUCH CYBERSECURITY, 5G, ARTIFICIAL INTELLIGENCE, SEMICONDUCTORS, HEALTH IT INTEGRATION, AND TRANSPORTATION. TOGETHER WITH INDUSTRY PARTNERS, ENGENUITY SUPPORTS PROGRAMS THAT FOCUSES ON PUBLIC GOOD, ALIGNED WITH MITRE'S MISSION AND VALUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Providakes President & CEO | OfficerTrustee | 40 | $1,690,046 |
Richard Byrne Former Officer | 0 | $878,081 | |
Usha Chaudhary Former Officer | 0 | $846,136 | |
Craig Ackerman Vp, Integrations & Operations | 40 | $672,848 | |
Julia Bowen Sr Vp/gen Counsel/secretary | Officer | 40 | $591,396 |
Jerome Hogge Senior Vice President | Officer | 40 | $551,097 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cushman Wakefield Inc Real Estate Services | 12/30/21 | $20,963,395 |
Baker Tilly Us Llp Consulting | 12/30/21 | $13,616,436 |
Hungry Heart Media Inc Dba Wondros Consulting | 12/30/21 | $27,129,668 |
Kpmg Llp Consulting | 12/30/21 | $11,746,450 |
Ce Floyd Company Inc Contractor | 12/30/21 | $5,069,949 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,485,149 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $512,267,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $514,752,709 |
| Total Program Service Revenue | $0 |
| Investment income | -$22,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,129 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$207,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,545,047 |
| 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. | $1,338,587 |
| Compensation of current officers, directors, key employees. | $1,110,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,952,205 |
| Pension plan accruals and contributions | $28,295,860 |
| Other employee benefits | $78,659,753 |
| Payroll taxes | $16,608,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$15,804 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,510,764 |
| Advertising and promotion | $0 |
| Office expenses | $9,300,561 |
| Information technology | $17,066,844 |
| Royalties | $0 |
| Occupancy | $7,580,764 |
| Travel | $5,157,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,357,918 |
| Interest | $1,412,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,505,117 |
| Insurance | $1,921,918 |
| All other expenses | $2,134,982 |
| Total functional expenses | $532,213,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,393,989 |
| Savings and temporary cash investments | $150,972,188 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $287,455,095 |
| 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 | $36,747,192 |
| Net Land, buildings, and equipment | $535,183,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,909,890 |
| Total assets | $1,037,661,762 |
| Accounts payable and accrued expenses | $208,715,892 |
| Grants payable | $0 |
| Deferred revenue | $32,192,075 |
| 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 | $99,111,111 |
| Other liabilities | $25,300,948 |
| Total liabilities | $365,320,026 |
| Net assets without donor restrictions | $672,077,272 |
| Net assets with donor restrictions | $264,464 |
| 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 | $1,037,661,762 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mitre Corporation has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR A PROJECT MEASURING THE DIVERSITY OF THE CYBER FIELD | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mitre Corporation Mclean, VA | $1,037,661,762 | $514,545,047 |
Analytic Services Inc Falls Church, VA | $183,098,732 | $88,248,392 |
Biotechnology Innovation Organization Washington, DC | $113,666,319 | $80,910,840 |
Mcnc Research Triangle Park, NC | $136,308,302 | $51,582,521 |
National Society Of Black Engineers Alexandria, VA | $28,465,255 | $16,810,333 |
Mitre Engenuity Incorporated Mclean, VA | $0 | $8,318,024 |
Bioone Washington, DC | $12,972,038 | $12,944,157 |
Analysis And Resilience Center For Systemic Risk Inc Arlington, VA | $11,004,408 | $11,753,500 |
Commonwealth Center For Advanced Manufacturing Disputanta, VA | $5,017,532 | $9,261,714 |
Institute Of Transportation Engineers Inc Washington, DC | $8,555,357 | $6,704,347 |
Military Health Research Foundation Inc Laurel, MD | $1,886,799 | $4,739,548 |
Wireless Research Center Of North Carolina Wake Forest, NC | $2,680,881 | $4,143,333 |