Southwest Research Institute
- Assets
- $894.6m
- Revenue
- $748.3m
- Investments
- $0.0
- Employees
- 3,269
- Location
- San Antonio, TX
- Founding
- 03/2006
- Data as of
- 09/2021
- EIN
- 74-1070544
Organization Overview
Southwest Research Institute is located in San Antonio, TX. The organization was established in 2006. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 09/2023, Southwest Research Institute employed 3,269 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Research Institute 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 09/2021, Southwest Research Institute generated $748.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $697.6m during the year ending 09/2021. While expenses have increased by 2.9% 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 2015, Southwest Research Institute has awarded 57 individual grants totaling $2,960,193. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BENEFITING GOVERNMENT, INDUSTRY & THE PUBLIC THROUGH INNOVATIVE SCIENCE & TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHWEST RESEARCH INSTITUTE EXISTS TO BENEFIT GOVERNMENT, INDUSTRY AND THE PUBLIC BY CONDUCTING INNOVATIVE APPLIED AND BASIC RESEARCH DEVELOPING/TRANSFERRING TECHNOLOGY; ESTABLISHING, MAINTAINING AND OPERATING RESEARCH FACILITIES; AND PROVIDING A CHALLENGING AND REWARDING WORK ENVIRONMENT TO FULFILL ITS SCIENTIFIC, CHARITABLE, TESTING FOR PUBLIC SAFETY, LITERARY AND EDUCATIONAL PURPOSES. DURING FISCAL YEAR 2023, RESEARCH YIELDED 517 PAPERS PUBLISHED, 577 TECHNICAL PRESENTATIONS, 15 TECHNICAL PODCASTS, 41 WEBINARS, AND 25 STREAMING TECHNICAL MEDIA PRESENTATIONS, AS WELL AS 42 U.S. PATENT AWARDS, 34 U.S. PATENT APPLICATIONS FILED, AND 36 INVENTION DISCLOSURES SUBMITTED. AREAS OF RESEARCH AND DEVELOPMENT INCLUDED CHEMISTRY AND CHEMICAL ENGINEERING, FIRE SAFETY TECHNOLOGY, AUTOMOTIVE ENGINEERING, POWERTRAIN ENGINEERING, EMISSIONS, SPACE SYSTEMS, PLANETARY SCIENCE, FUELS AND LUBRICANTS, INTELLIGENT SYSTEMS, APPLIED POWER, APPLIED PHYSICS, SPACE SCIENCE, DEFENSE AND INTELLIGENCE SOLUTIONS, MATERIAL SCIENCE, STRUCTURAL MECHANICAL ENGINEERING, AND SOLAR SYSTEM SCIENCE AND EXPLORATION. THE 2023 ANNUAL REPORT IS AVAILABLE AT HTTPS://WWW.SWRI.ORG/NEWSROOM/ANNUAL-REPORT/2023. ADDITIONAL INFORMATION REGARDING FEDERAL GOVERNMENT TECHNICAL PROGRAMS IS AVAILABLE BY SEARCHING FOR SOUTHWEST RESEARCH INSTITUTE'S SINGLE AUDIT AT HTTP://HARVESTER.CENSUS.GOV/FACDISSEM/. AS A NONPROFIT RESEARCH AND DEVELOPMENT ORGANIZATION, SWRI INVESTS IN INNOVATION, USING OUR ROBUST INTERNAL RESEARCH AND DEVELOPMENT (IR&D) PROGRAM TO EXPAND AND ENHANCE OUR EXPERTISE AND ENCOURAGE OUR STAFF'S PROFESSIONAL GROWTH. IN 2023, SWRI INITIATED 103 IR&D NEW PROJECTS, INVESTING MORE THAN $9.3 MILLION IN INTERNAL RESEARCH, INCLUDING QUICK-LOOK AND FOCUSED RESEARCH PROGRAMS. IR&D FULFILLS THE INSTITUTE'S OBJECTIVE OF CONDUCTING INNOVATIVE ACTIVITIES FOR THE BENEFIT OF INDUSTRY, THE GOVERNMENT AND HUMANKIND. THROUGH INTERNAL RESEARCH, WE INCREASE OUR TECHNICAL CAPABILITIES, EXPAND OUR REPUTATION AS A LEADER IN SCIENCE AND TECHNOLOGY, AND INVEST IN TECHNOLOGY OUR CLIENTS MAY NEED IN THE FUTURE. THE PROGRAM ALSO ALLOWS ENGINEERS AND SCIENTISTS TO GROW IN THEIR TECHNICAL FIELDS BY PROVIDING FREEDOM TO EXPLORE INNOVATIVE AND UNPROVEN CONCEPTS. INTERNAL RESEARCH PROJECTS FOR 2023 ARE DESCRIBED AT HTTPS://WWW.SWRI.ORG/NEWSROOM/ANNUAL-REPORT/2023/IRD-2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Hamilton President And CEO | OfficerTrustee | 40 | $1,648,848 |
Walter D Downing Jr Exec. Vice Pres. And COO | OfficerTrustee | 40 | $988,403 |
J Dan Bates-See Sch J Part III Director/former Pres- Ret. | Trustee | 3 | $341,231 |
Milton B Lee II Director | Trustee | 3 | $43,250 |
John C Korbell Director | Trustee | 3 | $39,750 |
Phillip J Pfeiffer Director | Trustee | 2 | $35,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Millennium Space Systems R&d Services | 9/28/23 | $19,201,659 |
Sabreliner Aviation Llc Engineering | 9/28/23 | $9,624,342 |
Keller-martin Construction Construction | 9/28/23 | $9,142,176 |
Chevron Phillips Chemical Fuel Provider | 9/28/23 | $7,119,779 |
Actalent Inc Staffing Agency | 9/28/23 | $6,342,443 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,021 |
| Investment income | $21,462,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $177,547 |
| Net Rental Income | $139,510 |
| 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 | $748,313,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $40,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,126,264 |
| Compensation to disqualified persons | $561,697 |
| Other salaries and wages | $279,769,297 |
| Pension plan accruals and contributions | $21,870,173 |
| Other employee benefits | $31,736,328 |
| Payroll taxes | $19,395,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,191,078 |
| Fees for services: Accounting | $344,131 |
| Fees for services: Lobbying | $625,493 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $834,332 |
| Advertising and promotion | $0 |
| Office expenses | $19,912,492 |
| Information technology | $2,096,356 |
| Royalties | $0 |
| Occupancy | $22,579,582 |
| Travel | $1,546,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $463,133 |
| Interest | $21,050 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,867,933 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $697,628,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,865 |
| Savings and temporary cash investments | $233,269,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,887,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,722,692 |
| Prepaid expenses and deferred charges | $5,471,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,905,897 |
| Other assets | $112,216,730 |
| Total assets | $894,584,988 |
| Accounts payable and accrued expenses | $146,740,009 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $66,418,970 |
| Total liabilities | $213,158,979 |
| Net assets without donor restrictions | $681,426,009 |
| 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 |
| Total liabilities and net assets/fund balances | $681,426,009 |
Grants Awarded
Over the last fiscal year, Southwest Research Institute has awarded $448,250 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES OF CHURCHES FOR SOCIAL ACTION PURPOSE: General Support | $28,000 |
MISSION ROAD MINISTRIES PURPOSE: General Support | $6,750 |
WEST POINT ASSOCIATION OF GRADUATES PURPOSE: General Support | $19,000 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: General Support | $12,500 |
UNIVERSITY OF DAYTON RE PURPOSE: General Support | $7,000 |
UNITED WAY PURPOSE: General Support | $355,000 |