Sri International
- Assets
- $324.1m
- Revenue
- $410.1m
- Investments
- $0.0
- Employees
- 1,690
- Location
- Menlo Park, CA
- Founding
- 03/1949
- Data as of
- 12/2022
- EIN
- 94-1160950
Organization Overview
Sri International is located in Menlo Park, CA. The organization was established in 1949. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Sri International employed 1,690 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sri International 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 12/2022, Sri International generated $410.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $407.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORLD-CHANGING SOLUTIONS MAKING PEOPLE SAFER, HEALTHIER, & MORE PRODUCTIVE THROUGH SCIENTIFIC R&D
Describe the Organization's Program Activity:
INFORMATION AND COMPUTING SCIENCES (ICS) PERFORMS SCIENTIFIC RESEARCH CREATING SOLUTIONS IN ARTIFICIAL INTELLIGENCE, SPEECH AND NATURAL LANGUAGE, PERCEPTION AND VISUAL SCIENCES, COMPUTATIONAL BIOLOGY, ROBOTICS, AND CYBER SECURITY. PUSHING THE BOUNDARIES OF COMPUTING, ICS EMPLOYS NEW TECHNOLOGIES TO SOLVE CLIENT PROBLEMS THROUGH CONTRACT RESEARCH, TECHNOLOGY LICENSING, AND VENTURE CREATION. OUR STAFF MEMBERS COLLABORATE WITHIN SRI, AND ALSO WITH DIVERSE UNIVERSITY AND INDUSTRY PARTNERS.
SRI ENGAGES IN A BROAD RANGE OF OTHER SCIENTIFIC RESEARCH INITIATIVES IN FURTHERANCE OF ITS EXEMPT MISSION, INCLUDING EDUCATION, INTEGRATED SYSTEMS AND SOLUTIONS, AND GLOBAL PARTNERSHIPS. THE EDUCATION DIVISION UNDERTAKES A RESEARCH-BASED ANALYSIS OF EDUCATIONAL OUTCOMES AND REFORMS AND THE IMPACTS OF TECHNOLOGY ON LEARNING. RESEARCHERS ADDRESS PROBLEMS POSED BY COMPLEX ISSUES IN EDUCATION POLICY, TECHNOLOGY IN LEARNING, AND LEARNING AND DEVELOPMENT. PROGRAMS HELP IDENTIFY TRENDS, UNDERSTAND OUTCOMES, AND DEVELOP POLICY AND PRACTICE SOLUTIONS TO THE CHALLENGES POSED BY RAPID SOCIAL, TECHNOLOGICAL AND ECONOMIC CHANGE. THE INTEGRATED SYSTEMS AND SOLUTIONS DIVISION DEVELOPS AND TRANSITIONS TECHNOLOGY INTELLECTUAL PROPERTY FROM LAB DEMONSTRATIONS TO FIELDED, SUPPORTED SYSTEMS BY LEVERAGING A DISCIPLINED SYSTEM ENGINEERING APPROACH INTEGRATED WITH CERTIFIED STRUCTURED DEVELOPMENT AND QUALITY PROCESSES. GLOBAL PARTNERSHIPS ENCOURAGES INNOVATION AND RESEARCH AROUND THE WORLD.
THE ADVANCED TECHNOLOGY AND SYSTEMS DIVISION (ATSD) MANAGES COMPLEX PROJECTS FOR GOVERNMENT AND NON-GOVERNMENT CLIENTS FROM BASIC RESEARCH TO ADVANCED SYSTEMS AND PRODUCT DEVELOPMENT. THE DIVISION ADVANCES SCIENTIFIC RESEARCH IN DIVERSE AREAS SUCH AS CHEMISTRY, PHYSICS, AND MATERIALS SCIENCE; GEOSPACE STUDIES AND SPACE AND MARINE TECHNOLOGY; SURVEILLANCE AND REMOTE SENSING; APPLIED OPTICS AND SECURE CIRCUITS; AND ROBOTICS, MEDICAL DEVICES, AND NANOTECHNOLOGY.SCIENTISTS, ENGINEERS, AND TECHNICIANS, WORK ON ABOUT 200 PROJECTS PER YEAR, AND ARE ORGANIZED AROUND FIVE CENTERS: ENERGY AND ENVIRONMENT, OCEAN AND SPACE SYSTEMS, SURVEILLANCE SYSTEMS, CYBER AND SURVIVABILITY SYSTEMS, AND ROBOTIC AND MEDICAL SYSTEMS. EACH CENTER COMPRISES MULTIPLE PROGRAMS AND LABORATORIES AND IS VERTICALLY INTEGRATEDFROM SCIENCE TO PRODUCT CONCEPTS AND PROTOTYPES.
SRI BIOSCIENCES WORKS WITH ACADEMIC, FOUNDATION, GOVERNMENT, AND OTHER CLIENTS AND PARTNERS TO BRING NEW MEDICINES AND DEVICES TO MARKET THROUGH BASIC RESEARCH, PHARMACEUTICAL DISCOVERY, PRECLINICAL DEVELOPMENT AND CLINICAL TRANSLATION. RESEARCHERS SOLVE IMPORTANT PROBLEMS IN PREVENTION, DIAGNOSIS AND TREATMENT, TARGETING IMPORTANT UNMET NEEDS IN HEALTHCARE AND SAVING AND IMPROVING LIVES WORLDWIDE.OUR RESEARCHERS STRIVE TO UNDERSTAND DISEASE MECHANISMS, IDENTIFY PROMISING LEADS AND TRANSLATE PRECLINICAL CANDIDATES INTO CLINICAL DEVELOPMENT. CORE AREAS OF THERAPEUTIC EXPERTISE INCLUDE CANCER, IMMUNOLOGY AND INFLAMMATION, INFECTIOUS DISEASES AND NEUROSCIENCE. SRI ALSO CONDUCTS BIOSCIENCE R&D TO PRODUCE NEW BIOMARKERS, DRUG DELIVERY TECHNOLOGIES, MEDICAL DEVICES, AND SYSTEMS BIOLOGY TOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Parekh CEO | OfficerTrustee | 40 | $720,906 |
Leslie F Kenne Board Chair | OfficerTrustee | 2 | $110,000 |
Mariann Byerwalter Board Member | Trustee | 4 | $86,000 |
Laura Wright Board Member | Trustee | 5 | $80,000 |
Ellen Pawlikowski Board Member | Trustee | 4 | $80,000 |
David Hoyt Board Member | Trustee | 3 | $76,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siemens Industry Software Computer Design Services | 12/30/22 | $1,797,192 |
Charles River Lab Lab Services | 12/30/22 | $1,277,937 |
Securitas Critical Security Services | 12/30/22 | $1,630,158 |
Incyte Inc Engineering Services | 12/30/22 | $811,069 |
Sodexo America Llc Food Services | 12/30/22 | $623,329 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,585,367 |
| 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 | $54,585,367 |
| Total Program Service Revenue | $313,319,201 |
| Investment income | $1,246,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $38,989,117 |
| Net Rental Income | $1,337,194 |
| Net Gain/Loss on Asset Sales | -$13,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,135,895 |
| 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. | $7,597,050 |
| Compensation of current officers, directors, key employees. | $7,388,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,501,595 |
| Pension plan accruals and contributions | $12,846,475 |
| Other employee benefits | $50,701,221 |
| Payroll taxes | $12,090,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,562,256 |
| Fees for services: Accounting | $918,376 |
| Fees for services: Lobbying | $126,151 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,002,665 |
| Advertising and promotion | $1,068 |
| Office expenses | $14,717,674 |
| Information technology | $11,992,184 |
| Royalties | $0 |
| Occupancy | $17,858,622 |
| Travel | $3,047,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,011,679 |
| Interest | $596,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,073,595 |
| Insurance | $2,072,244 |
| All other expenses | $0 |
| Total functional expenses | $407,092,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,257,102 |
| Savings and temporary cash investments | $6,974,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,841,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,309,182 |
| Prepaid expenses and deferred charges | $8,855,122 |
| Net Land, buildings, and equipment | $93,361,850 |
| Investments—publicly traded securities | $34,186,630 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,343,437 |
| Total assets | $324,128,677 |
| Accounts payable and accrued expenses | $62,102,280 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,121,774 |
| 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 | $51,630,785 |
| Total liabilities | $129,854,839 |
| Net assets without donor restrictions | $194,258,838 |
| Net assets with donor restrictions | $15,000 |
| 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 | $324,128,677 |