Nonprofit · EIN 04-2505372
CHARLES STARK DRAPER LABORATORY INC
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 27, 2025 | 990 | $949,348,102 | $919,457,813 | $29,890,289 | $900,930,023 | $295,469,920 | $605,460,103 |
| June 28, 2024 | 990 | $871,099,348 | $830,228,101 | $40,871,247 | $817,012,224 | $264,471,724 | $552,540,500 |
| June 30, 2023 | 990 | $764,551,452 | $730,364,613 | $34,186,839 | $745,841,251 | $260,665,941 | $485,175,310 |
Financial details: 990 for the year ended June 27, 2025
Revenue
- Contributions, gifts and grants
- $1,164,568
- of which government grants
- $822,428
- Program service revenue
- $941,078,629
- Investment income
- $7,167,145
- Royalties
- $15,909
- Net rental income
- -$78,149
- Net gain from sales of assets
- $414,451
- Other revenue
- -$62,240
Expenses
- Grants and similar amounts paid
- $4,619,412
- Compensation of officers, directors and key employees
- $6,108,464
- Other salaries and wages
- $349,821,802
- Salaries, compensation and benefits (total)
- $484,170,755
- Professional fundraising fees
- $0
- Legal fees
- $2,231,198
- Accounting fees
- $536,280
- Occupancy
- $14,671,355
- Travel
- $7,967,624
- Depreciation
- $31,566,036
- Program services (functional)
- $791,417,422
- Management and general (functional)
- $128,040,391
Balance sheet and other
- Total assets, start of year
- $817,012,224
- Total assets, end of year
- $900,930,023
- Total liabilities, end of year
- $295,469,920
- Net assets, end of year
- $605,460,103
- Land, buildings and equipment
- $282,860,069
- Publicly traded securities
- $151,033,859
- Net assets without donor restrictions
- $605,460,103
- Gross unrelated business income
- $80,719
- Gross receipts
- $986,145,984
- Employees
- 2,738
- Volunteers
- 0
- Year formed
- 1973
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 27, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JERRY WOHLETZ | PRESIDENT AND CEO Trustee or director, Officer | 40 | $1,793,133 | $313,139 |
| ROBERT BACON | VP, STRATEGIC SYSTEMS PROGRAMS Key employee | 40 | $533,189 | $123,394 |
| ANTHONY S KOUREPENIS | VICE PRESIDENT, ENGINEERING Highest-paid employee | 40 | $515,465 | $127,865 |
| JULIA MACDONOUGH | VP, GM AF & MD STATERGIC SYSTEMS Highest-paid employee | 40 | $481,444 | $92,400 |
| SARAH B LEEPER | VICE PRESIDENT, ELECTRONIC SYSTEMS Key employee | 40 | $485,264 | $86,677 |
| NANCY LIGHTBODY | VICE PRESIDENT, CHRO Highest-paid employee | 40 | $448,437 | $104,364 |
| FRANK J SERNA | VP, USAF & MDA STRATEGIC SYSTEMS Highest-paid employee | 40 | $491,656 | $60,996 |
| MARJORIE QUANT | CHIEF OPERATING OFFICER Officer | 40 | $465,867 | $53,365 |
| JENNIFER SANTOS | VP, CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $450,581 | $51,855 |
| MARY KIM | SECRETARY, VP & GEN COUNSEL Officer | 40 | $421,335 | $77,717 |
| TARA CLARK - FORMER | VP, OPERATIONS & COMMERCIAL PROGRAMS Former | 0 | $395,529 | $3,907 |
| CARRIE GEORGE | CFO, TREASURER Officer | 40 | $317,310 | $60,711 |
| DAVID R SHEDD | DIRECTOR Trustee or director | 3 | $110,014 | $0 |
| AMR A ELSAWY | CHAIRMAN Trustee or director | 3 | $87,500 | $0 |
| BETTY SAPP | DIRECTOR Trustee or director | 3 | $85,000 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID B ARONOFF | DIRECTOR Trustee or director | 3 | $85,000 |
| D RICK WILLIAMS | DIRECTOR Trustee or director | 3 | $85,000 |
| TERRY J BENEDICT | DIRECTOR Trustee or director | 3 | $85,000 |
| LT GEN RET FRANCIS KEARNEY | DIRECTOR Trustee or director | 3 | $75,000 |
| CYNTHIA COLLINS | DIRECTOR Trustee or director | 3 | $75,000 |
| WANDA A SIGUR | DIRECTOR Trustee or director | 3 | $75,000 |
| BARBARA STEVENS | DIRECTOR Trustee or director | 3 | $75,000 |
| SCOTT W MACKAY | DIRECTOR Trustee or director | 3 | $75,000 |
| JAMIE GOLDSTEIN | DIRECTOR (AS OF 10/2024) Trustee or director | 3 | $18,750 |
| JOHN SHAW | DIRECTOR (AS OF 10/2024) Trustee or director | 3 | $18,750 |
990 for the year ended June 28, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JERRY WOHLETZ | PRESIDENT AND CEO Trustee or director, Officer | 40 | $1,617,270 | $147,834 |
| CHRISTINE ALBERTELLI | CFO, TREASURER - END MARCH 2024 Officer | 40 | $700,035 | $84,944 |
| JAMES S KEOHANE | VP, CHIEF SEC. OFF. - BEG JULY 2023 Highest-paid employee | 40 | $556,337 | $40,281 |
| ANTHONY S KOUREPENIS | VICE PRESIDENT, ENGINEERING Highest-paid employee | 40 | $489,511 | $90,742 |
| ROBERT BACON | VP, STRATEGIC SYSTEMS PROGRAMS Key employee | 40 | $490,519 | $60,796 |
| FRANK J SERNA | VP, USAF & MDA STRATEGIC SYSTEMS Highest-paid employee | 40 | $493,698 | $48,311 |
| SARAH B LEEPER | VICE PRESIDENT, ELECTRONIC SYSTEMS Key employee | 40 | $475,186 | $49,561 |
| AMY HART | VP, CONTRACTS Highest-paid employee | 40 | $472,838 | $42,027 |
| TARA S CLARK | VP, OPS & COMM PROG - END JUL 2023 Highest-paid employee | 40 | $471,971 | $27,611 |
| MARY KIM | SECRETARY, VP & GEN COUNSEL Officer | 40 | $397,145 | $51,023 |
| MARJORIE QUANT | CHIEF OPERATING OFFICER Officer | 40 | $374,608 | $42,876 |
| NEIL J ADAMS | FMR VP, NTL. SEC. & SPACE Former | 40 | $145,542 | $18,282 |
| ROBERT A LARSEN | FMR PRIN DIR., SPEC PROG Former | 40 | $128,732 | $17,084 |
| DAVID R SHEDD | CHAIRMAN Trustee or director | 5 | $100,000 | $0 |
| BETTY SAPP | DIRECTOR Trustee or director | 3 | $59,000 | $0 |
| DAVID B ARONOFF | DIRECTOR Trustee or director | 3 | $55,000 | $0 |
| D RICK WILLIAMS | CHAIRMAN Trustee or director | 3 | $55,000 | $0 |
| TERRY J BENEDICT | DIRECTOR Trustee or director | 3 | $55,000 | $0 |
| AMR A ELSAWY | DIRECTOR Trustee or director | 3 | $50,000 | $0 |
| BARBARA STEVENS | DIRECTOR Trustee or director | 3 | $50,000 | $0 |
| CYNTHIA COLLINS | DIRECTOR Trustee or director | 3 | $50,000 | $0 |
| LT GEN RET FRANCIS KEARNEY | DIRECTOR Trustee or director | 3 | $50,000 | $0 |
| SCOTT W MACKAY | DIRECTOR Trustee or director | 3 | $50,000 | $0 |
| WANDA A SIGUR | DIRECTOR Trustee or director | 3 | $50,000 | $0 |
| CARRIE GEORGE | CFO, TREASURER - BEG APRIL 2024 Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JERRY WOHLETZ | PRESIDENT AND CEO Trustee or director, Officer | 40 | $808,073 | $31,463 |
| TARA S CLARK | VP, OPS & COMM PROG - END JUL 2023 Highest-paid employee | 40 | $655,120 | $51,617 |
| CHRISTINE ALBERTELLI | CHIEF FINANCIAL OFFICER, TREASURER Officer | 40 | $556,423 | $68,103 |
| ANTHONY S KOUREPENIS | VICE PRESIDENT, ENGINEERING Highest-paid employee | 40 | $470,694 | $67,709 |
| NEIL J ADAMS | VP, NTL. SEC & SPACE - END MAR 2023 Highest-paid employee | 40 | $424,294 | $67,709 |
| FRANK J SERNA | VP, USAF & MDA STRATEGIC SYSTEMS Highest-paid employee | 40 | $372,448 | $51,617 |
| ROBERT BACON | VP, STRATEGIC SYSTEMS PROGRAMS Key employee | 40 | $361,992 | $60,569 |
| GERARD VITALE | PRIN DIR., PROG ADMIN - END OCT 2022 Highest-paid employee | 40 | $380,203 | $39,998 |
| ROBERT A LARSEN | PRIN DIR., SPEC PROG - END MAR 2023 Key employee | 40 | $341,220 | $65,117 |
| SARAH B LEEPER | VICE PRESIDENT, ELECTRONIC SYSTEMS Key employee | 40 | $330,986 | $60,683 |
| ROBERT DURKIN | PRINCIPAL DIRECTOR, ADMINISTRATION Former | 40 | $291,329 | $51,709 |
| ALEXA ADAMS | FR SEC., VP & GEN COUN- END SEP 2022 Officer | 40 | $259,404 | $51,126 |
| WILLIAM LAPLANTE | PRESIDENT AND CEO - END APRIL 2022 Former | 0 | $234,067 | $24,003 |
| MARJORIE QUANT | COO - BEG APRIL 2023 Officer | 40 | $168,534 | $43,210 |
| DAVID R SHEDD | CHAIRMAN Trustee or director | 5 | $100,000 | $0 |
| MARY KIM | SEC., VP & GEN COUN - BEG DEC 2022 Officer | 40 | $93,846 | $1,385 |
| BETTY SAPP | DIRECTOR Trustee or director | 3 | $55,000 | $0 |
| DAVID B ARONOFF | DIRECTOR Trustee or director | 3 | $55,000 | $0 |
| D RICK WILLIAMS | DIRECTOR Trustee or director | 3 | $55,000 | $0 |
| TERRY J BENEDICT | DIRECTOR Trustee or director | 3 | $55,000 | $0 |
| BARBARA STEVENS | DIRECTOR Trustee or director | 3 | $54,000 | $0 |
| LT GEN RET FRANCIS KEARNEY | DIRECTOR Trustee or director | 3 | $54,000 | $0 |
| CYNTHIA COLLINS | DIRECTOR Trustee or director | 3 | $50,000 | $0 |
| WANDA A SIGUR | DIRECTOR Trustee or director | 3 | $50,000 | $0 |
| JOANNE M MAGUIRE | DIRECTOR - END OCT 2022 Trustee or director | 3 | $37,500 | $0 |
| AMR A ELSAWY | DIRECTOR - BEG OCT 2022 Trustee or director | 3 | $12,500 | $0 |
| SCOTT W MACKAY | DIRECTOR - BEG OCT 2022 Trustee or director | 3 | $12,500 | $0 |
Address and contacts
- Address (IRS master file)
- 555 TECHNOLOGY SQ, CAMBRIDGE, MA 02139-3539
- In care of
- % CARRIE GEORGE
- Principal officer (990 for 2024)
- JERRY WOHLETZ, 555 TECHNOLOGY SQUARE MS 34, CAMBRIDGE, MA 02139
- Signed the 990
- CARRIE GEORGE, CFO & TREASURER
- Phone
- (617) 258-1000
- Website
- WWW.DRAPER.COM
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
DRAPER'S ENGINEERS DESIGN, DEVELOP AND DEPLOY ADVANCED TECHNOLOGY SOLUTIONS FOR THE WORLD'S MOST DIFFICULT AND IMPORTANT PROBLEMS.
Program accomplishments
- DRAPER ENGINEERS SOLUTIONS THAT SERVE OUR NATIONAL SECURITY AND STATEGIC DEFENSE INTERESTS. FROM DEVELOPING, TESTING AND DELIVERING THE WORLD'S MOST ACCURATE SYSTEMS TO PROVIDING TECHNOLOGY ACROSS MULTIPLE DISCIPLINES TO ADDRESS OUR CUSTOMERS' MOST COMPLEX TECHNOLOGICAL CHALLENGES, BUILDING ON OUR HISTORIC 90-YEAR LEGACY, WE SUPPORT HUMANKIND'S DESIRE TO SURPASS THE BOUNDRIES OF OUR PLANET AND TO PROTECT, DEFEND AND EXTEND HUMAN LIFE THROUGH INNOVATION. WE ARE PROUD OF OUR LONG-STANDING COMMITMENT AS A CHAMPION OF U.S. MILITARY, SPACE AND NATIONAL SECURITY MISSIONS, ACROSS AIR, LAND AND SEA, AND WE ARE DEDICATED TO DRIVING MISSION SUCCESS FOR THE NATION.Expenses $791,417,422 · grants $4,619,412 · revenue $941,078,629
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2505372
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U400)
- Assets (IRS master file)
- $900,930,023
- Income (IRS master file)
- $986,145,984
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $949,348,102 | $919,457,813 | $900,930,023 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $871,099,348 | $830,228,101 | $817,012,224 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $764,551,452 | $730,364,613 | $745,841,251 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | July 2022 | – | – | – | IRS |
| 990-T | July 2022 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2505372).
Questions about CHARLES STARK DRAPER LABORATORY INC
- What is the EIN of CHARLES STARK DRAPER LABORATORY INC?
- The employer identification number (EIN) of CHARLES STARK DRAPER LABORATORY INC is 04-2505372.
- Is CHARLES STARK DRAPER LABORATORY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to CHARLES STARK DRAPER LABORATORY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARLES STARK DRAPER LABORATORY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHARLES STARK DRAPER LABORATORY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLES STARK DRAPER LABORATORY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CHARLES STARK DRAPER LABORATORY INC?
- The 990 for the year ended June 27, 2025 names JERRY WOHLETZ.
- Who are the officers and directors of CHARLES STARK DRAPER LABORATORY INC?
- The 990 for the year ended June 27, 2025 lists 25 people; 25 received compensation from the organization, the highest $1,793,133 (JERRY WOHLETZ, PRESIDENT AND CEO).
- How much revenue does CHARLES STARK DRAPER LABORATORY INC have?
- On its 990 for the year ended June 27, 2025 it reported revenue of $949,348,102, expenses of $919,457,813 and total assets of $900,930,023 at year end.
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