Sri International FY2020 filing

Tax-deductible

Menlo Park, CA501(c)(3)Since 1946Science & TechnologyEIN 94-1160950Revenue $368.0M in FY2020

On file with the IRSsri.com333 Ravenswood Ave, 94025-3453 · Menlo Park, CATax-exempt since Mar 1949Publicly supported — 509(a)(2)

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World-changing solutions making people safer, healthier, & more productive through scientific r&d

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$9.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $2.5M a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9.9M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $1.4M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$127.4M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$368.0M
Spent
$368.1M
To programs
78%
Net assets
$200.4M
By yearFY2020–FY2024
Revenue
$368.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$368.0M
FY2021$376.9M
FY2022$410.1M
FY2023$409.7M
FY2024$437.9M
Expenses
$368.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$368.1M
FY2021$379.5M
FY2022$407.1M
FY2023$427.3M
FY2024$433.2M
Net assets
$200.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$200.4M
FY2021$199.3M
FY2022$194.3M
FY2023$176.1M
FY2024$178.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1949.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $286.7M Management & general 22% · $81.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $9.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
$1,479,587Pt VII · Sec A
Chief Legal Officer
$679,802Pt VII · Sec A
Director, Computer Science
$635,786Pt VII · Sec A
Division President
$620,522Pt VII · Sec A
Division President
$574,056Pt VII · Sec A
Corporate President
$571,679Pt VII · Sec A
VP, Computer Science
$533,605Pt VII · Sec A
Chief Information Officer
$519,232Pt VII · Sec A

David Parekh’s $1.3M as CEO is at the 72nd percentile of top reported officer pay among 43 $100M+ science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William Jeffrey———$2,586,160—
William a Jeffrey————$1,479,587
David Parekh$1,315,357$1,339,195$720,906$186,661—
Phillip Porras$757,094$1,087,580$1,091,151$662,148$635,786
John McIntire$878,652$690,453———
David Stringer-Calvert$824,686$707,106$714,773$490,999$468,608
Patrick Lincoln$630,601$744,090$804,753$579,552$533,605
John P McIntire——$705,944$763,195$679,802

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops scientific research to improve safety, health, and productivity.

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Provided by the organization

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3 programs · $178.9M · in their own filed words · FY2020
01

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.

$72.6Mprogram expense
02

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…

$54.3Mprogram expense
03

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.

$52.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$368.0M
Ln 12
Fees for servicesLn 2g$317.3M
Gifts and grantsLn 1h$47.2M
Other incomeLn 4–11$3.5M
Money outPt IX
$368.1M
Ln 25
Programscol B$286.7M
Managementcol C$81.3M
Owns and owesPt X
$200.4M
net assets · Ln 32
Cash and savingsLn 1–2$31.7M
Total assetsLn 16$327.9M
LiabilitiesLn 26$127.4M
PeoplePt VI, VII
27
listed · VII A
PaidVII A27
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47.2M
Government grantsLn 1e$47.2M
Fees for servicesLn 2g$317.3M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$3.5M
Gains on assetsLn 7−$2.0M
Total revenueLn 12$368.0M
Assets in detailPt X, end of year
CashLn 1$30.9M
SavingsLn 2$836K
Cash and savings togetherLn 1–2$31.7M
InvestmentsLn 11–13$28.9M
Land, buildings, equipmentLn 10c$108.7M
Other assetsLn 15$44.4M
Total assetsLn 16$327.9M
LiabilitiesLn 26$127.4M
Net assetsLn 32$200.4M
OperationsPt I, VI
EmployeesI 51,647
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$17.1M$31.7M
InvestmentsLn 11–13$45.9M$28.9M
Land, buildings, equipmentLn 10c$108.9M$108.7M
Total assetsLn 16$309.7M$327.9M
LiabilitiesLn 26$112.6M$127.4M
Net assetsLn 32$197.1M$200.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$8.2M$470K$7.7M
Other salaries and wagesLn 7$142.5M$118.4M$24.1M
Pension plan contributionsLn 8$12.4M$10.2M$2.2M
Other employee benefitsLn 9$47.4M$39.7M$7.7M
Payroll taxesLn 10$11.5M$9.4M$2.1M
Legal feesLn 11b$2.1M$2.1M
Accounting feesLn 11c$3.2M$483K$2.7M
Lobbying feesLn 11d$49K$49K
Other fees for servicesLn 11g$75.3M$65.7M$9.6M
Advertising and promotionLn 12$172K$172K
Office expensesLn 13$12.4M$11.1M$1.3M
Information technologyLn 14$11.9M$1.5M$10.4M
OccupancyLn 16$8.6M$5.6M$3.0M
TravelLn 17$1.2M$1.2M$42K
Conferences, conventions and meetingsLn 19$1.2M$1.0M$159K
InterestLn 20$363K$363K
Depreciation, depletion and amortizationLn 22$14.4M$7.9M$6.5M
InsuranceLn 23$1.8M$86K$1.7M
Other expenses (24a–d)Ln 24$13.5M$14.0M−$526K
Total functional expensesLn 25$368.1M$286.7M$81.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $437.9M$433.2M$4.8M$178.0M 990 PDF
FY2023 $409.7M$427.3M−$17.6M$176.1M 990 PDF
FY2022 $410.1M$407.1M$3.0M$194.3M 990 PDF
FY2021 $376.9M$379.5M−$2.6M$199.3M 990 PDF
FY2020 Viewing $368.0M$368.1M−$89K$200.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $367,963,149 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,230,670$47,214,537
I-9 Program service revenuePrior year $310,788,022$317,252,721
I-10 Investment incomePrior year −$4,393,385−$270,221
I-11 Other revenuePrior year $29,394,628$3,766,112
I-12 Total revenuePrior year $390,019,935$367,963,149
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $221,189,724$222,025,349
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $178,590,099$146,026,328
I-18 Total expensesPrior year $399,779,823$368,051,677
I-19 Revenue less expensesPrior year −$9,759,888−$88,528
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $367,963,149 across 9 lines filed
VIII-1e Government grants$47,214,537
VIII-1h Total contributions, gifts and grants$47,214,537
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $278,574,475 · Unrelated business $38,678,246$317,252,721
VIII-3 Investment incomeExcluded from tax $1,755,361$1,755,361
VIII-5 RoyaltiesExcluded from tax $5,703,855$5,703,855
VIII-6 Net rental income or lossUnrelated business $7,006 · Excluded from tax −$1,939,365−$1,932,359
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,025,582−$2,025,582
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$5,384−$5,384
VIII-12 Total revenueRelated to mission $278,569,091 · Unrelated business $38,685,252 · Excluded from tax $3,494,269$367,963,149
Part IX · Statement of functional expenses $368,051,677 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $469,553 · Management $7,729,831$8,199,384
IX-7 Other salaries and wagesPrograms $118,418,829 · Management $24,108,949$142,527,778
IX-8 Pension plan contributionsPrograms $10,181,767 · Management $2,221,781$12,403,548
IX-9 Other employee benefitsPrograms $39,664,049 · Management $7,721,905$47,385,954
IX-10 Payroll taxesPrograms $9,447,196 · Management $2,061,489$11,508,685
IX-11b Legal feesManagement $2,095,177$2,095,177
IX-11c Accounting feesPrograms $482,743 · Management $2,672,328$3,155,071
IX-11d Lobbying feesManagement $48,701$48,701
IX-11g Other fees for servicesPrograms $65,697,877 · Management $9,563,682$75,261,559
IX-12 Advertising and promotionManagement $172,206$172,206
IX-13 Office expensesPrograms $11,128,131 · Management $1,256,620$12,384,751
IX-14 Information technologyPrograms $1,531,553 · Management $10,403,588$11,935,141
IX-16 OccupancyPrograms $5,556,284 · Management $3,012,568$8,568,852
IX-17 TravelPrograms $1,154,606 · Management $41,839$1,196,445
IX-19 Conferences, conventions and meetingsPrograms $1,040,857 · Management $159,377$1,200,234
IX-20 InterestManagement $362,882$362,882
IX-22 Depreciation, depletion and amortizationPrograms $7,871,301 · Management $6,500,662$14,371,963
IX-23 InsurancePrograms $85,790 · Management $1,694,002$1,779,792
IX-24 Other expenses (24a–d)Programs $14,019,181 · Management −$525,627$13,493,554
IX-25 Total functional expensesPrograms $286,749,717 · Management $81,301,960 · Fundraising $0$368,051,677
Part X · Balance sheet $327,883,125 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $16,077,461$30,855,722
X-2 Savings and temporary cash investmentsStart of year $1,045,725$835,567
X-4 Accounts receivableStart of year $81,413,937$101,419,051
X-8 Inventories for sale or useStart of year $3,937,817$5,248,489
X-9 Prepaid expenses and deferred chargesStart of year $7,498,394$7,465,154
X-10c Land, buildings and equipment, netStart of year $108,924,593$108,696,210
X-11 Publicly traded securitiesStart of year $45,871,726$28,941,507
X-15 Other assetsStart of year $44,942,395$44,421,425
X-16 Total assetsStart of year $309,712,048$327,883,125
X-17 Accounts payable and accrued expensesStart of year $56,089,111$61,351,279
X-20 Tax-exempt bond liabilitiesStart of year $21,625,451$19,858,707
X-25 Other liabilitiesStart of year $34,871,523$46,230,791
X-26 Total liabilitiesStart of year $112,586,085$127,440,777
X-27 Net assets without donor restrictionsStart of year $197,110,963$200,427,348
X-28 Net assets with donor restrictionsStart of year $15,000$15,000
X-32 Total net assets or fund balancesStart of year $197,125,963$200,442,348
X-33 Total liabilities and net assetsStart of year $309,712,048$327,883,125
Part XI · Reconciliation of net assets $200,442,348 net assets at year end
XI-1 Total revenue$367,963,149
XI-2 Total expenses$368,051,677
XI-3 Revenue less expenses−$88,528
XI-4 Net assets at start of year$197,125,963
XI-5 Net unrealized gains (losses) on investments$2,748,017
XI-9 Other changes in net assets$656,896
XI-10 Net assets at end of year$200,442,348

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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