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SRCCO INC

EIN 56-2038762 DURHAM, NC

Revenue 2024
$53,548,337
Expenses 2024
$50,262,472

As filed

Subsection
06
NTEE code
S41
Classification
2000
Street
4819 EMPEROR BLVD STE 300

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

This address is a suite or unit (STE 300). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

SRCCO, AS A CONTROLLED AFFILIATE OF THE SEMICONDUCTOR RESEARCH CORPORATION ("SRC"), FUNDS AND OPERATES PROGRAMS OF UNIVERSITY-BASED RESEARCH CENTERS FOCUSED ON MICROELECTRONIC TECHNOLOGY THAT BENEFITS BOTH PRIVATE INDUSTRY AND U.S. DEFENSE CAPABILITIES.

Activities or mission (Part I)

SEE PART III, LINE 1.

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

  • MANAGEMENT AND GENERAL COSTS TO MANAGE THE ABOVE RESEARCH CONTRACTS.

  • JUMP 2.0 IS AN SRC-LED PUBLIC-PRIVATE PARTNERSHIP IN COOPERATION WITH DARPA, CO-SPONSORED BY SRC, DARPA, THE COMMERCIAL SEMICONDUCTOR INDUSTRY, AND THE DEFENSE INDUSTRIAL BASE. JUMP 2.0 WILL DRIVE LONG-TERM PATHFINDING UNIVERSITY RESEARCH THAT SUBSTANTIALLY INCREASES THE PERFORMANCE, EFFICIENCY, AND CAPABILITIES OF BROAD CLASSES OF ELECTRONICS SYSTEMS FOR BOTH COMMERCIAL AND MILITARY APPLICATIONS. THE PROGRAM WILL SPONSOR SEVEN ACADEMIC RESEARCH CENTERS FOCUSED ON CRITICAL TECHNOLOGY THEMES, ONE CENTER FOR EACH THEME. THESE SEVEN THEMES WILL BENEFIT BOTH THE DEFENSE AND INDUSTRIAL SECTORS BY PROVIDING THE DEPARTMENT OF DEFENSE WITH AN UNMATCHED TECHNOLOGICAL EDGE IN ADVANCED RADAR, COMMUNICATIONS, AND WEAPONS SYSTEMS, AND PROVIDE THE U.S. ECONOMY WITH UNIQUE INFORMATION TECHNOLOGY AND PROCESSING CAPABILITIES CRITICAL TO COMMERCIAL COMPETITIVENESS AND FUTURE ECONOMIC GROWTH.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Todd Younkin

    PRESIDENT & CEO

    Total calculated
    $766,519
    From this org
    $285,029
    From related orgs
    $375,648
    Other
    $105,842
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $135,585 + $178,692 related
    Bonus
    $139,320 + $183,614 related
    Other
    $10,124 + $13,342 related
    Deferred
    $29,552 + $38,948 related
    Nontaxable benefits
    $16,110 + $21,232 related
    Filer's total
    $330,691 + $435,828 related
  • David Henshall

    VP OF BUSINESS DEVELOPMENT

    Total calculated
    $334,218
    From this org
    $107,131
    From related orgs
    $154,017
    Other
    $73,070
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $85,749 + $123,277 related
    Bonus
    $18,828 + $27,068 related
    Other
    $2,554 + $3,672 related
    Deferred
    $28,103 + $40,403 related
    Nontaxable benefits
    $1,872 + $2,692 related
    Filer's total
    $137,106 + $197,112 related
  • Karen Di Spigna

    CHIEF ACCOUNTING OFFICER

    Total calculated
    $279,066
    From this org
    $89,691
    From related orgs
    $101,047
    Other
    $88,328
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $77,893 + $87,755 related
    Bonus
    $11,578 + $13,044 related
    Other
    $220 + $248 related
    Deferred
    $25,477 + $28,702 related
    Nontaxable benefits
    $16,058 + $18,091 related
    Filer's total
    $131,226 + $147,840 related
  • Adam Knapp

    PROGRAM MANAGER

    Total calculated
    $190,472
    From this org
    $111,941
    From related orgs
    $44,039
    Other
    $34,492
    Hours/week
    29 + 11 related

    Schedule J breakdown matched by us

    Base
    $87,313 + $34,350 related
    Bonus
    $13,450 + $5,291 related
    Other
    $11,178 + $4,398 related
    Deferred
    $17,332 + $6,819 related
    Nontaxable benefits
    $7,421 + $2,920 related
    Filer's total
    $136,694 + $53,778 related

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $53,548,337
    Expenses
    $50,262,472
    Contributions
    $52,930,948
    Grants paid
    $47,057,336
  • 2023
    Revenue
    $44,484,022
    Expenses
    $61,911,717
    Contributions
    $44,080,125
    Grants paid
    $59,574,671
  • 2022
    Revenue
    $45,012,595
    Expenses
    $39,505,984
    Contributions
    $44,879,897
    Grants paid
    $36,998,734

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $49,465,239
    Expenses
    $48,931,880
    Assets (EOY)
    $42,497,453
  • 2020 · 990

    Revenue
    $48,050,657
    Expenses
    $51,521,998
    Assets (EOY)
    $36,492,507
  • 2019 · 990

    Revenue
    $53,740,662
    Expenses
    $48,880,546
    Assets (EOY)
    $36,238,783
  • 2018 · 990

    Revenue
    $40,972,236
    Expenses
    $35,122,423
    Assets (EOY)
    $34,246,347
  • 2017 · 990

    Revenue
    $38,798,140
    Expenses
    $35,494,705
    Assets (EOY)
    $21,217,221
  • 2016 · 990

    Revenue
    $39,033,527
    Expenses
    $37,330,831
    Assets (EOY)
    $24,266,358
  • 2015 · 990

    Revenue
    $38,963,993
    Expenses
    $39,372,114
    Assets (EOY)
    $22,588,743
  • 2014 · 990

    Revenue
    $39,940,823
    Expenses
    $39,486,911
    Assets (EOY)
    $22,659,619
  • 2013 · 990

    Revenue
    $33,274,387
    Expenses
    $40,823,117
    Assets (EOY)
    $27,796,053
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $24,396,566
    Assets (EOY)
    $18,150,075

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2024 return

  • SEMICONDUCTOR RESEARCH CORP

    C Corporation · RESEARCH MGMT · NC · 100% owned

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.