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Nonprofiteer
← SRI INTERNATIONAL

Form 990 for tax year 2022

Filed by SRI INTERNATIONAL.

Totals

Total revenue
$410,135,895
Total expenses
$407,092,206
Contributions and grants received
$54,585,367
Grants paid
$0
Program service revenue
$313,319,201
Investment income
$1,232,989
Other revenue
$40,998,338
Total assets, end of year
$324,128,677
Total liabilities, end of year
$129,854,839
Net assets or fund balances, end of year
$194,273,838
Program services expenses (Part IX)
$293,881,146
Management and general expenses
$113,211,060
Fundraising expenses
$0
Program service expenses (Part III)
$293,881,146

Program services were 72.2% 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)

    $54,585,367

  • 2a · Program service revenue: SCIENTIFIC RESEARCH

    total $253,269,304 · related or exempt $253,269,304

  • 2b · Program service revenue: COMMERCIAL TECH SVCS

    total $60,049,897 · unrelated business $60,049,897

  • 3 · Investment income

    total $1,246,584 · excluded $1,246,584

  • 5 · Royalties

    total $38,989,117 · excluded $38,989,117

  • 6a · Gross rents

    real property $3,245,713

  • 6b · Less rental expenses

    real property $1,908,519

  • 6c · Rental income or loss

    real property $1,337,194

  • 6d · Net rental income or loss

    total $1,337,194 · excluded $1,337,194

  • 7a · Gross sales of assets other than inventory

    securities $5,295,830

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

    securities $5,304,313 · other assets $5,112

  • 7c · Gain or loss

    securities -$8,483 · other assets -$5,112

  • 7d · Net gain or loss

    total -$13,595 · excluded -$13,595

  • 11a · Other revenue: OTHER INCOME

    total $672,027 · related or exempt $672,027

  • 11e · Other revenue, total

    $672,027

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $7,597,050 · program services $208,829 · management and general $7,388,221

  • 7 · Other salaries and wages

    total $145,501,595 · program services $115,133,016 · management and general $30,368,579

  • 8 · Pension plan contributions

    total $12,846,475 · program services $10,023,727 · management and general $2,822,748

  • 9 · Other employee benefits

    total $50,701,221 · program services $41,055,997 · management and general $9,645,224

  • 10 · Payroll taxes

    total $12,090,868 · program services $9,434,149 · management and general $2,656,719

  • 11b · Fees: legal

    total $16,562,256 · program services $348,166 · management and general $16,214,090

  • 11c · Fees: accounting

    total $918,376 · program services $147,315 · management and general $771,061

  • 11d · Fees: lobbying

    total $126,151 · management and general $126,151

  • 11g · Fees: other

    total $76,002,665 · program services $62,519,678 · management and general $13,482,987

  • 12 · Advertising and promotion

    total $1,068 · management and general $1,068

  • 13 · Office expenses

    total $14,717,674 · program services $12,753,727 · management and general $1,963,947

  • 14 · Information technology

    total $11,992,184 · program services $2,225,798 · management and general $9,766,386

  • 16 · Occupancy

    total $17,858,622 · program services $13,583,080 · management and general $4,275,542

  • 17 · Travel

    total $3,047,402 · program services $2,773,765 · management and general $273,637

  • 19 · Conferences, conventions and meetings

    total $2,011,679 · program services $1,816,616 · management and general $195,063

  • 20 · Interest

    total $596,020 · management and general $596,020

  • 22 · Depreciation, depletion and amortization

    total $13,073,595 · program services $8,795,510 · management and general $4,278,085

  • 23 · Insurance

    total $2,072,244 · program services $22,831 · management and general $2,049,413

  • 24a · Other expenses: OTHER EXPENSES

    total $13,972,655 · program services $7,693,906 · management and general $6,278,749

  • 24b · Other expenses: EQUIP RENTAL/MAINTENANC

    total $5,394,552 · program services $5,339,185 · management and general $55,367

  • 24c · Other expenses: PRINTING/PUBLICATIONS

    total $7,854 · program services $5,851 · management and general $2,003

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,468,868 · end of year $33,257,102

  • 2 · Savings and temporary cash investments

    beginning of year $941,859 · end of year $6,974,304

  • 4 · Accounts receivable

    beginning of year $114,766,766 · end of year $81,841,050

  • 8 · Inventories for sale or use

    beginning of year $4,827,814 · end of year $7,309,182

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,152,116 · end of year $8,855,122

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

    $429,857,669

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

    $336,495,819

  • 10c · Land, buildings and equipment, net

    beginning of year $95,013,106 · end of year $93,361,850

  • 11 · Investments: publicly traded securities

    beginning of year $26,771,908 · end of year $34,186,630

  • 15 · Other assets

    beginning of year $48,256,577 · end of year $58,343,437

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,007,562 · end of year $62,102,280

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,024,919 · end of year $16,121,774

  • 25 · Other liabilities

    beginning of year $49,868,011 · end of year $51,630,785

  • 27 · Net assets without donor restrictions

    beginning of year $199,283,522 · end of year $194,258,838

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2022

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 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.

    Expenses $67,376,513 · Revenue $85,880,063

  • 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.

    Expenses $60,796,697 · Revenue $78,037,155

  • 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.

    Expenses $52,800,063 · Revenue $49,680,861

  • 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.

    Expenses $112,907,873 · Revenue $100,393,149

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Parekh

    CEO

    Total calculated
    $804,644
    From this org
    $720,906
    From related orgs
    $0
    Other
    $83,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $713,560
    Bonus
    $0
    Other
    $7,346
    Deferred
    $6,100
    Nontaxable benefits
    $77,638
    Filer's total
    $804,644

  • Leslie F Kenne

    BOARD CHAIR

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mariann Byerwalter

    BOARD MEMBER

    Total calculated
    $86,000
    From this org
    $86,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Laura Wright

    BOARD MEMBER

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ellen Pawlikowski

    BOARD MEMBER

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David Hoyt

    BOARD MEMBER

    Total calculated
    $76,000
    From this org
    $76,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John J Young Jr

    BOARD MEMBER

    Total calculated
    $76,000
    From this org
    $76,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • David Motley

    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
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Ramesh Rengarajan

    BOARD MEMBER FROM 9/1/22

    Total calculated
    $23,333
    From this org
    $23,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John P McIntire

    CHIEF LEGAL OFFICER

    Total calculated
    $823,910
    From this org
    $705,944
    From related orgs
    $0
    Other
    $117,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $393,393
    Bonus
    $192,540
    Other
    $120,011
    Deferred
    $6,100
    Nontaxable benefits
    $111,866
    Filer's total
    $823,910

  • Stephanie Defino

    CHIEF FINANCIAL OFFICER

    Total calculated
    $665,255
    From this org
    $558,786
    From related orgs
    $0
    Other
    $106,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $387,291
    Bonus
    $165,034
    Other
    $6,461
    Deferred
    $6,100
    Nontaxable benefits
    $100,369
    Filer's total
    $665,255

  • William Mark

    PRESIDENT, ICS DIVISION

    Total calculated
    $774,024
    From this org
    $682,615
    From related orgs
    $0
    Other
    $91,409
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $421,557
    Bonus
    $183,874
    Other
    $77,184
    Deferred
    $6,100
    Nontaxable benefits
    $85,309
    Filer's total
    $774,024

  • Steven Perna

    PRESIDENT, INSYS DIVISION

    Total calculated
    $661,671
    From this org
    $572,648
    From related orgs
    $0
    Other
    $89,023
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,841
    Bonus
    $174,610
    Other
    $38,197
    Deferred
    $6,100
    Nontaxable benefits
    $82,923
    Filer's total
    $661,671

  • John Crowe

    PRESIDENT, ATSD DIVISION

    Total calculated
    $656,957
    From this org
    $556,837
    From related orgs
    $0
    Other
    $100,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $355,519
    Bonus
    $190,752
    Other
    $10,566
    Deferred
    $6,100
    Nontaxable benefits
    $94,020
    Filer's total
    $656,957

  • Shari Golan

    PRESIDENT, EDUCATION DIVISION

    Total calculated
    $627,839
    From this org
    $526,235
    From related orgs
    $0
    Other
    $101,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,083
    Bonus
    $167,352
    Other
    $19,800
    Deferred
    $6,100
    Nontaxable benefits
    $95,504
    Filer's total
    $627,839

  • Michael Page

    CHIEF INFORMATION OFFICER

    Total calculated
    $593,259
    From this org
    $512,323
    From related orgs
    $0
    Other
    $80,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $379,367
    Bonus
    $114,286
    Other
    $18,670
    Deferred
    $6,100
    Nontaxable benefits
    $74,836
    Filer's total
    $593,259

  • Joann Lime

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $552,901
    From this org
    $435,574
    From related orgs
    $0
    Other
    $117,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,512
    Bonus
    $129,480
    Other
    $9,582
    Deferred
    $6,100
    Nontaxable benefits
    $111,227
    Filer's total
    $552,901

  • Jon Mirsalis

    PRESIDENT, BIOSCIENCE FROM 7/1/2022

    Total calculated
    $540,036
    From this org
    $439,131
    From related orgs
    $0
    Other
    $100,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,312
    Bonus
    $104,000
    Other
    $5,819
    Deferred
    $6,100
    Nontaxable benefits
    $94,805
    Filer's total
    $540,036

  • Ian Colrain

    PRESIDENT, BIOSCIENCE THRU 6/30/2022

    Total calculated
    $518,444
    From this org
    $467,676
    From related orgs
    $0
    Other
    $50,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,733
    Bonus
    $197,093
    Other
    $72,850
    Deferred
    $4,687
    Nontaxable benefits
    $46,081
    Filer's total
    $518,444

  • Phillip Porras

    TECHNICAL DIRECTOR

    Total calculated
    $1,160,029
    From this org
    $1,091,151
    From related orgs
    $0
    Other
    $68,878
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,474
    Bonus
    $50,000
    Other
    $727,677
    Deferred
    $6,100
    Nontaxable benefits
    $62,778
    Filer's total
    $1,160,029

  • Patrick Lincoln

    VP ICS, DIRECTOR CSL

    Total calculated
    $895,056
    From this org
    $804,753
    From related orgs
    $0
    Other
    $90,303
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,287
    Bonus
    $134,000
    Other
    $312,466
    Deferred
    $6,100
    Nontaxable benefits
    $84,203
    Filer's total
    $895,056

  • David Stringer-Calvert

    DEPUTY GENERAL COUNSEL

    Total calculated
    $799,318
    From this org
    $714,773
    From related orgs
    $0
    Other
    $84,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,876
    Bonus
    $70,000
    Other
    $378,897
    Deferred
    $5,364
    Nontaxable benefits
    $79,181
    Filer's total
    $799,318

  • Adolf Pfefferbaum

    SCIENTIFIC MANAGEMENT V

    Total calculated
    $565,193
    From this org
    $504,111
    From related orgs
    $0
    Other
    $61,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $418,541
    Bonus
    $80,000
    Other
    $5,570
    Deferred
    $6,100
    Nontaxable benefits
    $54,982
    Filer's total
    $565,193

  • John Van Scoter

    VP, BUSINESS MANAGEMENT

    Total calculated
    $524,174
    From this org
    $459,534
    From related orgs
    $0
    Other
    $64,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,834
    Bonus
    $115,000
    Other
    $5,700
    Deferred
    $6,100
    Nontaxable benefits
    $58,540
    Filer's total
    $524,174

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, EIGHT 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, FIFTEEN RECEIVED ROYALTY PAYMENTS TOTALING $1,710,849 , WITH INDIVIDUAL AMOUNTS RANGING FROM $500 TO $725,888 .
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.

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 $5,823,100 · share of assets $29,965,000 · controlled entity

    Directly controlled by SRI INTERNATIONAL

  • RAVENSWOOD TECHNOLOGIES UK LIMITED

    MANAGED SERVICES · UK · 100% owned · share of income $532,479 · share of assets $566,878 · controlled entity

    Directly controlled by RAVENSWOOD SOLUTIONS INC

  • RAVENSWOOD TECHNOLOGIES KENYA LIMITED

    MANAGED SERVICES · KE · 100% owned · share of income $720,927 · share of assets $2,798,968 · controlled entity

    Directly controlled by RAVENSWOOD SOLUTIONS INC

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313189349319456

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