Srcco Inc

Organization Overview

Srcco Inc, operating under the name Marco, is located in Durham, NC. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marco is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Marco generated $49.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $48.9m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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.

Since 2014, Marco has awarded 86 individual grants totaling $271,383,401. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE PART III, LINE 1

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH CONTRACTS GRANTED TO COLLEGES AND UNIVERSITIES THROUGHOUT THE UNITED STATES.


MANAGEMENT AND GENERAL COSTS TO MANAGE THE ABOVE RESEARCH CONTRACTS.


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.


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Board, Officers & Key Employees

Name (title)Compensation
An Chen
Program Director
$153,355
Todd Younkin
President & CEO
$105,935
Timothy Green
Program Director
$95,170
Karen Di Spigna
Chief Accounting Officer
$64,888
David Henshall
VP Of Business Development
$55,288

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ibm
Loaned Employee
$180,000
Intel
Loaned Employee
$114,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$28,115,000
Fundraising events$0
Related organizations$0
Government grants $21,338,879
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$49,453,879
Total Program Service Revenue$0
Investment income $6,180
Tax Exempt Bond Proceeds $0
Royalties $5,180
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $49,465,239

Grants Awarded

Over the last fiscal year, Srcco Inc has awarded $46,459,823 in support to 11 organizations.

Grant RecipientAmount

UNIVERSITY OF NOTRE DAME

Org PageRecipient Profile

Notre Dame, IN

PURPOSE: university research in the semiconductor/technology industry

$9,142,345

PURDUE UNIVERSITY

Org PageRecipient Profile

West Lafayette, IN

PURPOSE: university research in the semiconductor/technology industry

$7,744,272

THE REGENTS OF THE UNIVERSITY OF CALIFORNIA- SANTA

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: university research in the semiconductor/technology industry

$7,200,752

CARNEGIE MELLON UNIVERSITY

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: university research in the semiconductor/technology industry

$6,880,975

THE RECTORS AND VISITORS OF THE UNIV OF VA

Org PageRecipient Profile

Charlottesville, VA

PURPOSE: university research in the semiconductor/technology industry

$5,829,735

THE REGENTS OF THE UNIVERSITY OF MICHIGAN

Org PageRecipient Profile

Ann Arbor, MI

PURPOSE: university research in the semiconductor/technology industry

$5,805,594
View Grant Profile

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