2024-07-10T08:33:48-05:00 2023-12-31 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2023-01-01 562038762 SRCCO % KAREN DI SPIGNA SRCC 9199419400 4819 EMPEROR BOULEVARD SUITE 300 DURHAM NC 27703 TODD YOUNKIN PRESIDENT & CEO 9199149400 2024-07-09 true TODD YOUNKIN 999009999 true SANDRA L FEINSMITH P01064157 9192781936 2024-07-09 2 2023 2023-04-26 12:10:37Z MARCO TODD YOUNKIN 4819 EMPEROR BOULEVARD SUITE 300 DURHAM NC 27703 44484022 false X https://src.org/about/nst X 1997 DE SEE PART III, LINE 1 3 0 0 0 0 0 44879897 44080125 0 0 132698 403897 0 0 45012595 44484022 36998734 59574671 0 0 1507440 1604055 0 0 0 999810 732991 39505984 61911717 5506611 -17427695 42830224 38241286 21566525 34405282 21263699 3836004 X 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. false false RESEARCH CONTRACTS GRANTED TO COLLEGES AND UNIVERSITIES THROUGHOUT THE UNITED STATES. MANAGEMENT AND GENERAL COSTS TO MANAGE THE ABOVE RESEARCH CONTRACTS. 0 0 0 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. 0 false true false true false false false false false false false false false true true false true false false false false false false false false false true false true false false false true false false false false false false false true false false true 1 0 true 0 false false false false false false false false X 3 0 false false false false true true true true true false false true true false false true false false false false X KAREN DI SPIGNA 9199419457 4819 EMPEROR BLVD STE 300 DURHAM NC 27703 X TODD YOUNKIN PRESIDENT & CEO 12.0 28.0 X X 180822 432869 99705 DAVID HENSHALL VP OF BUSINESS DEVELOPMENT 10.0 30.0 X 64605 187490 69689 KAREN DI SPIGNA CHIEF ACCOUNTING OFFICER 15.0 25.0 X 76971 122426 96650 ADAM KNAPP PROGRAM MANAGER 30.0 10.0 X 148950 50446 96650 ROMAN CAUDILLO PROGRAM DIRECTOR 40.0 0.0 X 180000 0 0 651348 793231 362694 3 false true false INTEL 2200 Mission College Blvd SANTA CLARA CA 95054 LOANED EMPLOYEE 180000 1 25400000 18680125 0 44080125 0 403897 403897 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 44484022 403897 59574671 0 0 0 768709 0 453626 208376 105942 67402 0 267934 27624 0 0 0 32145 0 3174 54786 0 2993 47965 0 170411 0 0 85032 11112 MISCELLANEOUS EXPENSES 29815 61911717 0 0 39128826 33604591 2097640 0 1143750 4436687 0 0 0 0 0 0 0 0 460008 200008 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42830224 38241286 149736 130074 17202236 24525426 1500000 4000000 0 0 0 0 0 0 0 0 0 0 2714553 5749782 21566525 34405282 X 21263699 3836004 0 0 21263699 3836004 42830224 38241286 -17427695 X X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false 0 DUE TO AFFILIATES 5749782 5749782 X SCHEDULE D, PART X, LINE 2: SRCCO HAD NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AT DECEMBER 31, 2023. FIN 48 (ASC 740-10) FINANCIAL STATEMENT FOOTNOTE FROM SEMICONDUCTOR RESEARCH CORPORATION (SRC), OF WHICH SRCCO IS A CONTROLLED AFFILIATE, IS AS FOLLOWS: NO UNRECOGNIZED TAX BENEFITS EXISTED AS OF DECEMBER 31, 2023 AND 2022. SRC DID NOT HAVE ANY ADDITIONS TO ITS UNRECOGNIZED TAX BENEFIT RESULTING FROM UNCERTAIN TAX POSITIONS RELATED TO EITHER THE CURRENT OR PRIOR YEARS, AND HAD NO REDUCTIONS RESULTING DUE TO SETTLEMENTS. THE CORPORATION DOES NOT EXPECT ANY CHANGE IN UNRECOGNIZED TAX BENEFITS WITHIN THE NEXT FISCAL YEAR. true GEORGIA TECH RESEARCH CORPORATION 926DALNEYSTREETNW ATLANTA GA 30332 580603146 501(c)(3) 11944484 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY THE REGENTS OF THE UNIV OF CALIFORNIA SAN DIEGO 9500 GILMAN DR LA JOLLA CA 92093 956006144 501(c)(3) 7600000 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY THE TRUSTEES OF THE COLUMBIA UNIV IN NYC 615 W 131 ST MC 8725 NEW YORK NY 10027 135598093 501(c)(3) 6997558 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY CORNELL UNIVERSITY 377 PINE TREE RD ITHACA NY 14850 150532082 501(c)(3) 6895103 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY THE PENNSYLVANIA UNIVERSITY 200 INNOVATION BLVD UNIV PARK PA 16802 246000376 501(c)(3) 6700000 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY THE BOARD OF TRUSTEES OF THE UNIV OF IL 506 S WRIGHT ST MC339 URBANA IL 61801 376000511 501(c)(3) 6270582 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY UNIVERSITY OF NOTRE DAME 940 GRACE HALL NOTRE DAME IN 46556 350868188 501(c)(3) 2951654 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA- SANTA OFF OF RES 3227 SANTA BARBARA CA 93106 956006145 501(c)(3) 2902184 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY PURDUE UNIVERSITY 155 S GRANT ST WEST LAFAYETTE IN 49707 356002041 501(c)(3) 2361675 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY THE REGENTS OF THE UNIVERSITY OF MICHIGAN 5000 WOLVERINE TOWER ANN ARBOR MI 48109 386006309 501(c)(3) 1997343 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY THE RECTORS AND VISITORS OF THE UNIV OF VA 1001 N EMMET ST CHARLOTTESVILLE VA 22904 546001796 501(c)(3) 1580648 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY CARNEGIE MELLON UNIVERSITY OFF OF SPONS PROGRAMS PITTSBURGH PA 15213 250969449 501(c)(3) 1098882 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY NATIONAL SCIENCE FOUNDATION 2415 EISENHOWER AVE ALEXANDRIA VA 22314 521632920 GOVT ENTITY 200000 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY STANFORD UNIVERSITY PO BOX 44253 SAN FRANCISCO CA 941444253 941156365 501(c)(3) 44558 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA- BERKE 1608 FOURTH STREET BERKELEY CA 94710 946002123 501(c)(3) 30000 UNIVERSITY RESEARCH IN THE SEMICONDUCTOR/TECHNOLOGY INDUSTRY 15 0 SCHEDULE I, PART I, LINE 2: A QUARTERLY UPDATE OR SEMI ANNUAL UPDATES ARE PROVIDED BY EACH ORGANIZATION. THESE REPORTS PROVIDE TECHNICAL UPDATES ON THE RESEARCH AS WELL AS FINANCIAL UPDATES ON SPENDING. THESE REPORTS ARE REVIEWED BY SRCCO AND THEN ARE SUBMITTED TO DARPA OR NIST, THE GOVERNMENT ENTITIES PROVIDING THE GRANTS. ANNUALLY, SRCco OBTAINED THE OMB CIRCULAR A-133 REPORTS OF EACH ORGANIZATION AND REVIEWS THE RESULTS OF THEIR AUDITS. false false false TODD YOUNKIN PRESIDENT & CEO 91422 218854 83174 199111 6226 14904 18857 45143 10520 25185 210199 503197 6040 14460 DAVID HENSHALL VP OF BUSINESS DEVELOPMENT 52372 151990 10630 30849 1603 4651 16679 48406 1180 3424 82464 239320 1355 3932 KAREN DI SPIGNA CHIEF ACCOUNTING OFFICER 63266 100628 9449 15029 4256 6769 24545 39041 12763 20301 114279 181768 3887 6182 ADAM KNAPP PROGRAM MANAGER 122430 41464 18285 6193 8235 2789 47499 16087 24699 8365 221148 74898 7522 2547 ROMAN CAUDILLO PROGRAM DIRECTOR 180000 0 0 0 0 0 0 0 0 0 180000 0 0 0 SCHEDULE J, PART I, LINE 3: SRCCO RELIES ON ITS PARENT, SEMICONDUCTOR RESEARCH CORPORATION, TO DETERMINE COMPENSATION FOR SRCCO'S DIRECTORS AND OFFICERS. SEMICONDUCTOR RESEARCH CORPORATION USED COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 180000 PAYMENT FOR LOANED EMPLOYEES false FORM 990, PART VI, SECTION A, LINES 6, 7A & 7B: SEMICONDUCTOR RESEARCH CORPORATION (SRC) IS THE SOLE MEMBER OF THE ORGANIZATION. SRC ELECTS THE ORGANIZATION'S GOVERNING BODY. AS REQUIRED BY CALIFORNIA LAW, SRC WOULD ALSO NEED TO APPROVE CERTAIN MAJOR TRANSACTIONS, SUCH AS DISSOLUTION OR INCURRENCE OF DEBT. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS PREPARED BY BDO USA, BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S STAFF. PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE CHIEF ACCOUNTING OFFICER AND IS PROVIDED THROUGH E-MAIL TO THE VOTING MEMBERS OF THE GOVERNING BODY FOR THEIR REVIEW. ONCE THE FORM 990 IS APPROVED BY THE GOVERNING BODY, BDO SIGNS AS PREPARER, AND THE CHAIRMAN SIGNS ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINES 15A & 15B: SRCCO RELIES ON ITS PARENT, SEMICONDUCTOR RESEARCH CORPORATION, TO DETERMINE COMPENSATION FOR SRCCO'S DIRECTORS AND OFFICERS. SEMICONDUCTOR RESEARCH CORPORATION USED A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS CONSOLIDATED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART VII: DURING 2023, ROMAN CAUDILLO WAS EMPLOYED BY INTEL, A SUBSTANTIAL CONTRIBUTOR, BUT OPERATED UNDER THE DIRECTION AND CONTROL OF SRCCO F.K.A. MICROELECTRONICS ADVANCED RESEARCH CORPORATION AND THROUGH SRCCO, SRC. SRCCO PAID INTEL FOR ROMAN CAUDILLO'S SERVICES AS PROGRAM DIRECTOR OF JUMP 2.0. FORM 990, PART XII, LINE 2C: THE ORGANIZATION IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF ITS PARENT, SEMICONDUCTOR RESEARCH CORPORATION (SRC). THE SRC BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE CONSOLIDATED FINANCIAL STATEMENT AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. SRC MANUFACTURING CONSORTIUM CORPORATION 4819 EMPEROR BLVD SUITE 300 DURHAM NC 27703 883911718 RESEARCH MGMT NC 501(C)(6) SRC false SEMICONDUCTOR RESEARCH CORP 4819 EMPEROR BOULEVARD SUITE 300 DURHAM NC 27703 581483645 RESEARCH MGMT NC NA C CORP 0 0 1.00000 false false false false false false false false false false false false false false true true true false false false SEMICONDUCTOR RESEARCH CORPORATION N 85032 ALLOCATION BASE SEMICONDUCTOR RESEARCH CORPORATION O 1604054 ALLOCATION BASE SEMICONDUCTOR RESEARCH CORPORATION P 133165 ALLOCATION BASE