2025-07-23T17:41:57+00:00 2024-12-31 135381590 BDO USA 421 FAYETTEVILLE ST STE 300 RALEIGH NC 276011776 990 2024-01-01 562038762 SRCCO SRCC 9199419400 4819 EMPEROR BOULEVARD SUITE 300 DURHAM NC 27703 TODD YOUNKIN PRESIDENT & CEO 2025-07-23 true SANDRA L FEINSMITH P01064157 9197549370 2025-07-17 2024 2025-03-06 01:10:19Z MARCO TODD YOUNKIN 4819 EMPEROR BOULEVARD SUITE 300 DURHAM NC 27703 53548337 false X HTTPS://WWW.SRC.ORG/PROGRAM/JUMP2/ X 1997 DE SEE PART III, LINE 1. 3 0 0 0 0 44080125 52930948 0 0 403897 617389 0 0 44484022 53548337 59574671 47057336 0 0 1604055 1885023 0 0 0 732991 1320113 61911717 50262472 -17427695 3285865 38241286 44126161 34405282 37004292 3836004 7121869 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. 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 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 false false false false true false false false false false false false true false false 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 false true true false false true false false false false false X KAREN DI SPIGNA 9199419457 4819 EMPEROR BLVD STE 300 DURHAM NC 27703 TODD YOUNKIN PRESIDENT & CEO 17.0 23.0 X X 285029 375648 105842 DAVID HENSHALL VP OF BUSINESS DEVELOPMENT 16.0 24.0 X 107131 154017 73070 KAREN DI SPIGNA CHIEF ACCOUNTING OFFICER 19.0 21.0 X 89691 101047 88328 ADAM KNAPP PROGRAM MANAGER 29.0 11.0 X 111941 44039 34492 593792 674751 301732 3 false true false Stanek Lemon Crouse & Meeks PA 1235 East Blvd Suite E-5119 Charlotte NC 28203 Intellectual Property Attorney Services 262663 INTEL 2200 MISSION COLLEGE BLVD SANTA CLARA CA 95054 LOANED EMPLOYEE 180000 2 25400000 27530948 52930948 0 0 0 0 0 617389 617389 0 0 0 0 0 0 0 0 0 0 53548337 0 0 617389 47057336 0 0 0 735717 0 702676 220351 139716 86563 180000 277246 35686 0 0 0 87023 0 5125 254141 0 7538 43222 0 232072 0 0 129615 18161 MISCELLANEOUS EXPENSES 50284 0 50262472 0 0 33604591 34423994 0 0 4436687 9700025 0 0 0 0 0 0 0 0 200008 2142 0 0 0 0 0 0 0 0 0 0 0 0 38241286 44126161 130074 146067 24525426 23416702 4000000 9000000 0 0 0 0 0 0 0 0 0 0 5749782 4441523 34405282 37004292 X 3836004 7121869 0 0 0 0 0 0 0 0 3836004 7121869 38241286 44126161 3285865 0 X false true true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false Federal Income Taxes DUE TO AFFILIATES 4441523 4441523 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote SRCCO HAD NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AT DECEMBER 31, 2024. 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, 2024 AND 2023. 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 926 DALNEY STREET NW Atlanta GA 30332 580603146 501(c)(3) 11915919 University Research The Regents of the Univ of CA San Diego 9500 GILMAN DRIVE La Jolla CA 92093 956006144 501(c)(3) 7600000 University Research The Trustees of the Columbia Univ in NYC 615 W 131st St MC 8725 New York NY 10027 135598093 501(c)(3) 6980176 University Research Cornell University 377 PINE TREE ROAD Ithaca NY 14850 150532082 501(c)(3) 6797785 University Research The Pennsylvania State University 200 Innovation Blvd Univ Park PA 16802 246000376 501(c)(3) 6700000 University Research The Board of Trustees of the Univ of IL 506 S WRIGHT ST MC339 Urbana IL 61801 376000511 501(c)(3) 6407419 University Research National Science Foundation 2415 Eisenhower Ave Alexandria VA 22314 521632920 GOVT ENTITY 600000 University Research The Regents of the Univ of Michigan 5000 Wolverine Tower Ann Arbor MI 48109 386006309 501(c)(3) 56037 University Research 8 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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, THE GOVERNMENT ENTITY 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 135585 178692 139320 183614 10124 13342 29552 38948 16110 21232 330691 435828 9707 12793 DAVID HENSHALL VP OF BUSINESS DEVELOPMENT 85749 123277 18828 27068 2554 3672 28103 40403 1872 2692 137106 197112 2095 3012 KAREN DI SPIGNA CHIEF ACCOUNTING OFFICER 77893 87755 11578 13044 220 248 25477 28702 16058 18091 131226 147840 0 0 ADAM KNAPP PROGRAM MANAGER 87313 34350 13450 5291 11178 4398 17332 6819 7421 2920 136694 53778 3224 1269 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation 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, Line 15 PROCESS TO ESTABLISH COMPENSATION 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, Line 6 Classes of members or stockholders SEMICONDUCTOR RESEARCH CORPORATION IS THE SOLE MEMBER OF THE ORGANIZATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body SEMICONDUCTOR RESEARCH CORPORATION ELECTS THE ORGANIZATION'S GOVERNING BODY. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders AS REQUIRED BY CALIFORNIA LAW, SEMICONDUCTOR RESEARCH CORPORATION WOULD ALSO NEED TO APPROVE CERTAIN MAJOR TRANSACTIONS, SUCH AS DISSOLUTION OR INCURRENCE OF DEBT. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS CONSOLIDATED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. Form 990, Part VII, Section B, Line 1 ADDITIONAL INFORMATION DURING 2024, 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 OVERSIGHT OF CONSOLIDATED FINANCIAL STATEMENT AUDIT 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 BLVD SUITE 300 DURHAM NC 27703 581483645 RESEARCH MGMT NC NA C Corporation 1 false false false false false false false false false false false false false false true true true false false false