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Nonprofiteer
← SRI INTERNATIONAL

Form 990 for tax year 2024

Filed by SRI INTERNATIONAL.

Totals

Total revenue
$437,926,151
Total expenses
$433,169,251
Contributions and grants received
$65,983,707
Grants paid
$0
Program service revenue
$332,324,793
Investment income
$6,801,645
Other revenue
$32,816,006
Total assets, end of year
$409,624,782
Total liabilities, end of year
$231,589,878
Net assets or fund balances, end of year
$178,034,904
Program services expenses (Part IX)
$320,948,473
Management and general expenses
$112,220,778
Fundraising expenses
$0
Program service expenses (Part III)
$320,948,473

Program services were 74.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $65,983,707

  • 2a · Program service revenue: SCIENTIFIC RESEARCH

    total $274,029,716 · related or exempt $274,029,716

  • 2b · Program service revenue: COMMERCIAL TECH SVCS

    total $58,295,077 · unrelated business $58,295,077

  • 3 · Investment income

    total $2,166,893 · excluded $2,166,893

  • 5 · Royalties

    total $32,763,346 · excluded $32,763,346

  • 6a · Gross rents

    real property $3,157,177

  • 6b · Less rental expenses

    real property $2,374,919

  • 6c · Rental income or loss

    real property $782,258

  • 6d · Net rental income or loss

    total $782,258 · excluded $782,258

  • 7a · Gross sales of assets other than inventory

    securities $8,270,904 · other assets $5,416,944

  • 7b · Less cost or other basis and sales expenses

    securities $8,649,889 · other assets $403,207

  • 7c · Gain or loss

    securities -$378,985 · other assets $5,013,737

  • 7d · Net gain or loss

    total $4,634,752 · excluded $4,634,752

  • 11a · Other revenue: MISCELLANEOUS LOSS

    total -$729,598 · related or exempt -$729,598

  • 11e · Other revenue, total

    -$729,598

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $8,581,671 · program services $3,110 · management and general $8,578,561

  • 7 · Other salaries and wages

    total $159,303,104 · program services $122,183,539 · management and general $37,119,565

  • 8 · Pension plan contributions

    total $14,065,570 · program services $10,703,272 · management and general $3,362,298

  • 9 · Other employee benefits

    total $49,746,499 · program services $39,326,566 · management and general $10,419,933

  • 10 · Payroll taxes

    total $13,419,937 · program services $10,211,974 · management and general $3,207,963

  • 11b · Fees: legal

    total $2,305,088 · program services $199,604 · management and general $2,105,484

  • 11c · Fees: accounting

    total $971,439 · program services $89,743 · management and general $881,696

  • 11d · Fees: lobbying

    total $71,483 · management and general $71,483

  • 11g · Fees: other

    total $83,568,919 · program services $69,260,260 · management and general $14,308,659

  • 12 · Advertising and promotion

    total $25,744 · management and general $25,744

  • 13 · Office expenses

    total $13,169,443 · program services $10,801,171 · management and general $2,368,272

  • 14 · Information technology

    total $12,244,425 · program services $2,596,940 · management and general $9,647,485

  • 16 · Occupancy

    total $31,402,578 · program services $25,867,285 · management and general $5,535,293

  • 17 · Travel

    total $4,356,617 · program services $3,855,115 · management and general $501,502

  • 19 · Conferences, conventions and meetings

    total $3,247,788 · program services $2,950,514 · management and general $297,274

  • 20 · Interest

    total $633,318 · management and general $633,318

  • 22 · Depreciation, depletion and amortization

    total $14,864,105 · program services $11,248,396 · management and general $3,615,709

  • 23 · Insurance

    total $2,618,165 · program services $12,803 · management and general $2,605,362

  • 24a · Other expenses: PURCHASED EQUIPMENT

    total $14,682,726 · program services $14,409,539 · management and general $273,187

  • 24b · Other expenses: EQUIP RENTAL/MAINTENANC

    total $3,775,408 · program services -$2,798,325 · management and general $6,573,733

  • 24c · Other expenses: PRINTING/PUBLICATIONS

    total $115,224 · program services $26,967 · management and general $88,257

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,792,533 · end of year $35,048,787

  • 2 · Savings and temporary cash investments

    beginning of year $1,455,913 · end of year $1,227,787

  • 4 · Accounts receivable

    beginning of year $89,990,892 · end of year $84,474,475

  • 8 · Inventories for sale or use

    beginning of year $10,709,521 · end of year $9,589,780

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,529,639 · end of year $7,206,283

  • 10a · Land, buildings and equipment: cost or other basis

    $452,928,898

  • 10b · Land, buildings and equipment: accumulated depreciation

    $353,586,540

  • 10c · Land, buildings and equipment, net

    beginning of year $97,218,154 · end of year $99,342,358

  • 11 · Investments: publicly traded securities

    beginning of year $21,483,873 · end of year $19,795,774

  • 15 · Other assets

    beginning of year $166,397,973 · end of year $152,939,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,463,928 · end of year $57,836,860

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,214,116 · end of year $12,227,141

  • 25 · Other liabilities

    beginning of year $160,837,544 · end of year $161,525,877

  • 27 · Net assets without donor restrictions

    beginning of year $176,047,910 · end of year $178,019,904

  • 28 · Net assets with donor restrictions

    beginning of year $15,000 · end of year $15,000

Mission and programs · 2024

Mission

SRI INTERNATIONAL CREATES WORLD-CHANGING SOLUTIONS MAKING PEOPLE SAFER, HEALTHIER, AND MORE PRODUCTIVE THROUGH SCIENTIFIC RESEARCH & DEVELOPMENT.

Activities or mission (Part I)

WORLD-CHANGING SOLUTIONS MAKING PEOPLE SAFER, HEALTHIER, & MORE PRODUCTIVE THROUGH SCIENTIFIC R&D

  • INFORMATION AND COMPUTING SCIENCES (ICS) PERFORMS SCIENTIFIC RESEARCH TO CREATE SOLUTIONS TO PRESSING PROBLEMS RELATED TO NATIONAL SECURITY AND HUMAN HEALTH BY LEVERAGING 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 VARIOUS UNIVERSITY AND INDUSTRY PARTNERS.

    Expenses $69,672,694 · Revenue $92,711,717

  • THE INTEGRATED SYSTEMS AND SOLUTIONS DIVISION (INSYS) DEVELOPS AND TRANSITIONS TECHNOLOGY AND INTELLECTUAL PROPERTY FROM LAB DEMONSTRATIONS TO FIELDED, SUPPORTED SYSTEMS BY LEVERAGING A DISCIPLINED SYSTEM ENGINEERING APPROACH INTEGRATED WITH CERTIFIED STRUCTURED DEVELOPMENT AND QUALITY PROCESSES. OUR TEAMS DESIGN LEADING-EDGE IMAGING TECHNOLOGIES, NOVEL MATERIALS AND BREAKTHROUGH DEVICES FOR CLIMATE, ENERGY AND ENVIORNMENTAL LONGEVITY, AND SYSTEMS THAT END-USERS DEPEND ON EVERY DAY.

    Expenses $64,434,939 · Revenue $87,498,346

  • 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; GEOSPATIAL STUDIES, SPACE AND MARINE TECHNOLOGY; SURVEILLANCE AND REMOTE SENSING; APPLIED OPTICS AND SECURE CIRCUITS; AND ROBOTICS, MEDICAL DEVICES, AND NANOTECHNOLOGY. ATSD IS ORGANIZED AROUND FOUR CENTERS: APPLIED SCIENCES INCLUDING OPTOELECTRONIC SYSTEMS AND QUANTUM SENSING, SPACE AND SURVIVABILITY INCLUDING ADVANCED RADAR SYSTEMS AND ENERGETIC MATERIALS, SURVEILLANCE INCLUDING RF AND OCEAN SYSTEMS, AND APPLIED TECHNOLOGY INCLUDING ROBOTICS AND RADAR ENGINEERING.

    Expenses $60,886,745 · Revenue $76,610,545

  • SRI ENGAGES IN A BROAD RANGE OF OTHER SCIENTIFIC RESEARCH INITIATIVES IN FURTHERANCE OF ITS EXEMPT MISSION, INCLUDING EDUCATION, BIOSCIENCES, CORPORATE RESEARCH GROUP, AND FUTURE CONCEPTS. 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 BIOSCIENCES DIVISION WORKS WITH ACADEMIC, FOUNDATIONS, GOVERNMENT, AND OTHER CLIENTS AND PARTNERS TO BRING NEW MEDICINES, DIAGNOSTICS, THERAPEUTICS AND DEVICES TO MARKET THROUGH BASIC RESEARCH, PHARMACEUTICAL DISCOVERY, PRECLINICAL DEVELOPMENT AND CLINICAL TRANSLATION. RESEARCHERS SOLVE IMPORTANT PROBLEMS IN DISEASE PREVENTION, DIAGNOSIS AND TREATMENT, TARGETING IMPORTANT UNMET NEEDS IN HEALTHCARE AND SAVING AND IMPROVING LIVES WORLDWIDE. THE CORPORATE RESEARCH GROUP (CRG) COMPRISING THE CENTER FOR INNOVATION STRATEGY AND POLICY (CISP) ) AND THE NOMURA SRI INNOVATION CENTER (NSIC) LEADS INNOVATION SERVICES EFFORTS AT SRI. CISP WORKS WITH US FEDERAL, STATE, REGIONAL AND LOCAL GOVERNMENT ENTITIES TO ASSESS, BUILD AND ACTIVATE TECHNOLOGY-BASED INNOVATION POLICY AND WORKFORCE DEVELOPMENT EFFORTS. CISP ALSO ADVISES INTERNATIONAL CLIENTS ON INNOVATION STRATEGY OBJECTIVES. NSIC WORKS WITH JAPANESE CORPORATE CLIENTS TO ASSESS AND GROW CORPORATE 'INTREPRENEURSHIP' EFFORTS SUPPORTING CORPORATE INNOVATION OBJECTIVES. THE FUTURE CONCEPTS DIVISION FOCUSES ON SOLUTIONS FROM BASIC RESEARCH THROUGH REAL-WORLD APPLICATIONS BY CREATING AND MATURING BREAKTHROUGH TECHNOLOGIES RELATED TO CLIMATE, ENERGY AND SUSTAINABILITY AS WELL AS INTELLIGENT HUMAN-MACHINE SYSTEMS.

    Expenses $125,954,095 · Revenue $80,191,530

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Parekh

    CEO

    Total calculated
    $1,440,820
    From this org
    $1,315,357
    From related orgs
    $0
    Other
    $125,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $760,010
    Bonus
    $532,820
    Other
    $22,527
    Deferred
    $6,900
    Nontaxable benefits
    $118,563
    Filer's total
    $1,440,820

  • John McIntire

    CHIEF LEGAL OFFICER

    Total calculated
    $1,012,803
    From this org
    $878,652
    From related orgs
    $0
    Other
    $134,151
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $424,654
    Bonus
    $75,759
    Other
    $378,239
    Deferred
    $6,900
    Nontaxable benefits
    $127,251
    Filer's total
    $1,012,803

  • David Stringer-Calvert

    DEPUTY GENERAL COUNSEL

    Total calculated
    $921,841
    From this org
    $824,686
    From related orgs
    $0
    Other
    $97,155
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,480
    Bonus
    $40,000
    Other
    $495,206
    Deferred
    $5,874
    Nontaxable benefits
    $91,281
    Filer's total
    $921,841

  • Phillip Porras

    DIRECTOR, COMPUTER SCIENCE

    Total calculated
    $839,822
    From this org
    $757,094
    From related orgs
    $0
    Other
    $82,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $326,415
    Bonus
    $20,000
    Other
    $410,679
    Deferred
    $6,616
    Nontaxable benefits
    $76,112
    Filer's total
    $839,822

  • Suresh Sunderrajan

    CHIEF FINANCIAL OFFICER FROM 1/19/24

    Total calculated
    $833,860
    From this org
    $698,934
    From related orgs
    $0
    Other
    $134,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $489,984
    Bonus
    $171,396
    Other
    $37,554
    Deferred
    $6,900
    Nontaxable benefits
    $128,026
    Filer's total
    $833,860

  • William Mark

    PRESIDENT, ICS DIVISION THRU 4/11/24

    Total calculated
    $786,153
    From this org
    $688,876
    From related orgs
    $0
    Other
    $97,277
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,252
    Bonus
    $61,699
    Other
    $361,925
    Deferred
    $5,662
    Nontaxable benefits
    $91,615
    Filer's total
    $786,153

  • Patrick Lincoln

    PRESIDENT, ICS DIVISION FROM 4/11/24

    Total calculated
    $737,349
    From this org
    $630,601
    From related orgs
    $0
    Other
    $106,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $414,677
    Bonus
    $38,765
    Other
    $177,159
    Deferred
    $6,900
    Nontaxable benefits
    $99,848
    Filer's total
    $737,349

  • Michael Page

    CHIEF INFORMATION OFFICER

    Total calculated
    $711,335
    From this org
    $568,870
    From related orgs
    $0
    Other
    $142,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $380,660
    Bonus
    $80,007
    Other
    $108,203
    Deferred
    $6,900
    Nontaxable benefits
    $135,565
    Filer's total
    $711,335

  • John Crowe

    PRESIDENT, ATSD DIVISION

    Total calculated
    $645,114
    From this org
    $526,481
    From related orgs
    $0
    Other
    $118,633
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $388,456
    Bonus
    $88,021
    Other
    $50,004
    Deferred
    $6,900
    Nontaxable benefits
    $111,733
    Filer's total
    $645,114

  • Steve Perna

    PRESIDENT, INSYS DIVISION

    Total calculated
    $605,359
    From this org
    $501,028
    From related orgs
    $0
    Other
    $104,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,764
    Bonus
    $62,700
    Other
    $38,564
    Deferred
    $6,900
    Nontaxable benefits
    $97,431
    Filer's total
    $605,359

  • Shari Golan

    PRESIDENT, EDUCATION DIVISION

    Total calculated
    $581,844
    From this org
    $464,707
    From related orgs
    $0
    Other
    $117,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,837
    Bonus
    $73,692
    Other
    $27,178
    Deferred
    $6,900
    Nontaxable benefits
    $110,237
    Filer's total
    $581,844

  • Joann Lime

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $540,727
    From this org
    $404,065
    From related orgs
    $0
    Other
    $136,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,655
    Bonus
    $58,189
    Other
    $21,221
    Deferred
    $6,856
    Nontaxable benefits
    $129,806
    Filer's total
    $540,727

  • Adolf Pfefferbaum

    SENIOR DIRECTOR

    Total calculated
    $529,733
    From this org
    $460,508
    From related orgs
    $0
    Other
    $69,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $418,536
    Bonus
    $37,500
    Other
    $4,472
    Deferred
    $6,900
    Nontaxable benefits
    $62,325
    Filer's total
    $529,733

  • John Marcotullio

    VP II, BUSINESS DEVELOPMENT

    Total calculated
    $509,674
    From this org
    $403,449
    From related orgs
    $0
    Other
    $106,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,391
    Bonus
    $48,000
    Other
    $13,058
    Deferred
    $6,900
    Nontaxable benefits
    $99,325
    Filer's total
    $509,674

  • Karen Myers

    VP, COMPUTER SCIENCE

    Total calculated
    $506,779
    From this org
    $386,748
    From related orgs
    $0
    Other
    $120,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $343,789
    Bonus
    $40,063
    Other
    $2,896
    Deferred
    $6,900
    Nontaxable benefits
    $113,131
    Filer's total
    $506,779

  • Kathlynn Brown

    PRESIDENT, BIOSCIENCE DIVISION

    Total calculated
    $498,997
    From this org
    $403,733
    From related orgs
    $0
    Other
    $95,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,749
    Bonus
    $45,187
    Other
    $5,797
    Deferred
    $6,900
    Nontaxable benefits
    $88,364
    Filer's total
    $498,997

  • Stephanie Defino

    CHIEF FINANCIAL OFFICER THRU 1/19/24

    Total calculated
    $176,786
    From this org
    $104,462
    From related orgs
    $0
    Other
    $72,324
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $39,832
    Bonus
    $0
    Other
    $64,630
    Deferred
    $6,247
    Nontaxable benefits
    $66,077
    Filer's total
    $176,786

  • David Motley

    BOARD CHAIR

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Ellen Ochoa

    BOARD MEMBER

    Total calculated
    $76,000
    From this org
    $76,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ellen Pawlikowski

    BOARD MEMBER

    Total calculated
    $76,000
    From this org
    $76,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Charles Mathis

    BOARD MEMBER

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John J Young Jr

    BOARD MEMBER

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Deborah Rieman

    BOARD MEMBER

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Ramesh Rengarajan

    BOARD MEMBER

    Total calculated
    $67,500
    From this org
    $67,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Steven Walker

    BOARD MEMBER

    Total calculated
    $67,500
    From this org
    $67,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Stefan Heck

    BOARD MEMBER

    Total calculated
    $51,500
    From this org
    $51,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Laura Wright

    BOARD MEMBER THRU 3/27/24

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jon Mirsalis

    VP, BIOSCIENCE

    Total calculated
    $337,362
    From this org
    $256,996
    From related orgs
    $0
    Other
    $80,366
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $213,625
    Bonus
    $42,500
    Other
    $871
    Deferred
    $20,596
    Nontaxable benefits
    $59,770
    Filer's total
    $337,362

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4c · Equity-based compensation arrangement
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
SRI'S TRAVEL POLICY IS STRUCTURED FOR COMPLIANCE WITH FAR 31 205-46. UNDER SUB-SECTION (D) OF THIS PROVISION, AIRLINE COSTS IN EXCESS OF THE LOWEST CUSTOMARY STANDARD ARE ALLOWABLE IN SITUATIONS TO ACCOMMODATE THE PHYSICAL OR MEDICAL NEEDS OF THE TRAVELER. THE DECISION TO PERMIT SUCH TRAVEL, SOLELY FOR MEDICAL REASONS ON AN INDIVIDUAL BASIS, WAS ISSUED FROM THE CONTROLLER'S OFFICE WITHIN THE AUSPICES OF THE CHIEF FINANCIAL OFFICER (CFO). A TEMPORARY HOUSING SUBSIDY IS OCCASIONALLY INCLUDED AS PART OF THE RELOCATION PACKAGE OFFERED TO QUALIFIED EMPLOYEES.
PART I, LINE 4C
LIKE MOST UNIVERSITIES AND OTHER RESEARCH INSTITUTIONS, AND CONSISTENT WITH THE REQUIREMENTS OF THE BAYH-DOLE ACT [35 U S C 200 ET SEQ], SRI SHARES WITH SRI INVENTORS AND OTHER CONTRIBUTORS ROYALTIES IN THE FORM OF CASH OR EQUITY RECEIVED FROM SPIN-OFF AND OTHER COMPANIES TO WHOM SRI INTELLECTUAL PROPERTY IS LICENSED OR TRANSFERRED. THE TERMS AND CONDITIONS UNDER WHICH SRI SHARES SUCH EQUITY ARE LAID OUT IN DETAIL IN SRI'S INTELLECTUAL PROPERTY ROYALTY AND EQUITY SHARING PROGRAM THAT WAS APPROVED BY THE IRS IN A PRIVATE LETTER RULING ISSUED IN 1999. OF THE OFFICERS, DIRECTORS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A, ONE RECEIVED EQUITY-BASED PAYMENTS.
PART I, LINE 6
LIKE MOST UNIVERSITIES AND OTHER RESEARCH INSTITUTIONS, AND CONSISTENT WITH THE REQUIREMENTS OF THE BAYH-DOLE ACT [35 U S C 200 ET SEQ], SRI SHARES WITH SRI INVENTORS AND OTHER CONTRIBUTORS ROYALTIES IN THE FORM OF CASH OR EQUITY RECEIVED FROM SPIN-OFF AND OTHER COMPANIES TO WHOM SRI INTELLECTUAL PROPERTY IS LICENSED OR TRANSFERRED. THE TERMS AND CONDITIONS UNDER WHICH SRI SHARES SUCH EQUITY ARE LAID OUT IN DETAIL IN SRI'S INTELLECTUAL PROPERTY ROYALTY AND EQUITY SHARING PROGRAM THAT WAS APPROVED BY THE IRS IN A PRIVATE LETTER RULING ISSUED IN 1999. OF THE OFFICERS, DIRECTORS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A, EIGHTEEN RECEIVED ROYALTY PAYMENTS TOTALING $2,022,482 , WITH INDIVIDUAL AMOUNTS RANGING FROM $429 TO $487,538.
PART I, LINE 7
THE AMOUNTS SHOWN IN COLUMN (II) OF SECTION B OF PART (II) INCLUDE PERFORMANCE BASED COMPENSATION (PBC). PBC IS A FINANCIAL INCENTIVE POOL OF FUNDS THAT IS PRE-APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. PBC PAYOUT IS BASED ON THE FOLLOWING FACTORS THAT ARE DESIGNED TO ALIGN INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE WITH THE NON-PROFIT MISSION OF SRI: GROWTH IN ORDER BOOKINGS, GROWTH IN CONTRACT LABOR REVENUE, MEETING THRESHOLD INCOME FROM RESEARCH CONTRACTS, GENERATING ROYALTY INCOME, GENERATING NEW EQUITY ASSETS RESULTING FROM SPIN-OFF COMPANIES, GENERATING NEW PATENTS, PUBLISHING RESEARCH RESULTS, AND OTHER SUCH METRICS AS DEEMED RELEVANT BY MANAGEMENT FOR THE FISCAL YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PALO ALTO RESEARCH CENTER LLC

    RESEARCH AND DEVELOPMENT · DE · income $5,278,844 · assets $10,882,666

    Directly controlled by SRI INTERNATIONAL

  • BRIGHT CERAMIC TECHNOLOGIES LLC

    RESEARCH AND DEVELOPMENT · DE · income $0 · assets $0

    Directly controlled by SRI INTERNATIONAL

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RAVENSWOOD SOLUTIONS INC

    C · TRAINING SYSTEMS · DE · 100% owned · share of income -$15,633,000 · controlled entity

    Directly controlled by SRI INTERNATIONAL

  • RAVENSWOOD TECHNOLOGIES UK LIMITED

    MANAGED SERVICES · UK · 100% owned · share of income $208,351 · share of assets $7,850 · controlled entity

    Directly controlled by RAVENSWOOD SOLUTIONS INC

  • RAVENSWOOD TECHNOLOGIES KENYA LIMITED

    MANAGED SERVICES · KE · 100% owned · share of income $762,431 · share of assets $1,369,166 · controlled entity

    Directly controlled by RAVENSWOOD SOLUTIONS INC

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202503169349308275

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