Nonprofit · EIN 15-0589832
SRC INC
Tax-exempt · N SYRACUSE, NY 13212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $342,469,898 | $346,727,778 | -$4,257,880 | $430,746,708 | $128,944,090 | $301,802,618 |
| September 30, 2024 | 990 | $326,540,806 | $329,099,772 | -$2,558,966 | $426,234,126 | $126,468,528 | $299,765,598 |
| September 30, 2023 | 990 | $311,465,062 | $288,390,960 | $23,074,102 | $402,204,660 | $115,165,887 | $287,038,773 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $327,108,425
- Investment income
- $9,181,593
- Royalties
- $6,046,965
- Net rental income
- $97,456
- Net gain from sales of assets
- $4,667,215
- Other revenue
- $6,179,880
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $10,748,884
- Other salaries and wages
- $99,028,679
- Salaries, compensation and benefits (total)
- $169,474,075
- Professional fundraising fees
- $0
- Legal fees
- $106,360
- Accounting fees
- $386,150
- Occupancy
- $4,289,312
- Travel
- $3,118,380
- Depreciation
- $5,959,839
- Program services (functional)
- $300,066,831
- Management and general (functional)
- $46,660,947
Balance sheet and other
- Total assets, start of year
- $426,234,126
- Total assets, end of year
- $430,746,708
- Total liabilities, end of year
- $128,944,090
- Net assets, end of year
- $301,802,618
- Land, buildings and equipment
- $61,855,698
- Publicly traded securities
- $168,893,145
- Net assets without donor restrictions
- $301,802,618
- Gross unrelated business income
- $118,508,594
- Gross receipts
- $355,425,346
- Employees
- 1,314
- Year formed
- 1957
- State of legal domicile
- NY
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kevin Hair | President CEO Trustee or director, Officer | 40 | $2,947,331 | $296,025 |
| Joseph T Lauko | Chief Operating Officer Officer | 40 | $1,237,828 | $157,527 |
| Mary L Snyder | Executive VP, General Counsel Officer | 40 | $920,198 | $123,442 |
| James F Holland | Former - Executive VP, Enterprise Services Former | 40 | $871,758 | $39,127 |
| Gwendolyn Sykes | Executive VP, Finance Chief Financial Officer Officer | 40 | $623,908 | $65,827 |
| Stephen L Duning | SRC Operations Senior VP Key employee | 40 | $550,585 | $69,144 |
| Kevin M Unger | SR VP, BD, Strategy Intl Operations Key employee | 40 | $486,497 | $69,505 |
| Matthew E Tryniski | Senior VP Defense Systems Technologies Key employee | 40 | $479,920 | $68,598 |
| Asif Q Moosa | AVP Business Development Highest-paid employee | 40 | $393,679 | $54,693 |
| David T Bessey | VP Business Development Strategy Key employee | 40 | $371,039 | $50,843 |
| Yuan Kong | VP, Corporate Quality Key employee | 40 | $353,236 | $56,105 |
| Julianne F Ramsey | AVP ITSS Highest-paid employee | 40 | $363,327 | $37,215 |
| Matthew Downey | AVP, Strategy Technology Highest-paid employee | 40 | $337,008 | $54,527 |
| David F Toomey III | Senior VP EWS Highest-paid employee | 40 | $342,652 | $34,863 |
| Michael Russell | AVP, Strategy Technology Highest-paid employee | 40 | $316,704 | $52,784 |
11 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Karen Morrissey | VP, HR CR Key employee | 40 | $217,314 | $0 | $37,335 |
| Joan A Dempsey | Chairperson Trustee or director | 1 | $205,000 | $0 | $0 |
| Kimberly A Boynton | Vice Chairperson Trustee or director | 1 | $185,000 | $0 | $0 |
| Anthony Mitchell | Trustee Trustee or director | 1 | $160,000 | $12,000 | $0 |
| Deborah G Oliver | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Rajeev Bhalla | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Joseph Corasanti | Trustee Trustee or director | 1 | $150,000 | $0 | $0 |
| Thomas Triscari | Trustee Former | 1 | $120,000 | $0 | $0 |
| Donald Kerrick | Trustee Former | 1 | $120,000 | $0 | $0 |
| Leon Roger Mason Jr | Trustee Trustee or director | 1 | $80,000 | $0 | $0 |
| Dennis L Via | Trustee Trustee or director | 1 | $80,000 | $0 | $0 |
990 for the year ended September 30, 2024: 30 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kevin Hair | President CEO Trustee or director, Officer | 40 | $2,643,795 | $0 | $268,736 |
| Joseph T Lauko | Chief Operating Officer Officer | 40 | $1,171,458 | $0 | $150,006 |
| James F Holland | Former - Executive VP, Enterprise Services Officer | 40 | $1,028,273 | $0 | $115,461 |
| Mary L Snyder | Executive VP, General Counsel Officer | 40 | $810,233 | $0 | $111,997 |
| Andrea V Masten | Former - Senior VP, Defense Systems Solutions Former | 40 | $707,001 | $0 | $22,515 |
| Anthony O Stewart | Former VP, Corporate Quality Former | – | $0 | $601,589 | $81,447 |
| Gwendolyn Sykes | Executive VP, Finance Chief Financial Officer Officer | 40 | $610,611 | $0 | $70,887 |
| Stephen L Duning | Senior VP, EWS Key employee | 40 | $525,418 | $0 | $66,192 |
| Matthew E Tryniski | Senior VP Defense Systems Technologies Key employee | 40 | $418,431 | $0 | $61,441 |
| Kevin M Unger | Senior VP International Operations Key employee | 40 | $414,989 | $0 | $61,440 |
| David T Bessey | VP, Business Development Key employee | 40 | $365,076 | $0 | $48,590 |
| Asif Q Mossa | AVP Business Development Highest-paid employee | 40 | $356,606 | $0 | $52,315 |
| Yuan Kong | VP, Corporate Quality Key employee | 40 | $342,822 | $0 | $54,180 |
| Julianne F Ramsey | AVP ITSS Highest-paid employee | 40 | $341,864 | $0 | $33,263 |
| Philip Fazio | Former - Executive VP, Finance Chief Financial Officer Former | 40 | $327,282 | $0 | $32,997 |
| Michael E Murphy | Business Development Director Highest-paid employee | 40 | $307,966 | $0 | $50,870 |
| Matthew Downey | AVP, Strategy Technology Highest-paid employee | 40 | $303,359 | $0 | $50,239 |
| Susan J Gallagher | Former - VP, Engineering Former | 40 | $342,671 | $0 | $6,781 |
| David F Toomey III | AVP Business Development Highest-paid employee | 40 | $317,020 | $0 | $32,334 |
| Joseph Corasanti | Trustee Trustee or director | 1 | $200,000 | $0 | $0 |
| Joan A Dempsey | Chairperson Trustee or director | 1 | $180,000 | $0 | $0 |
| Anthony Mitchell | Trustee Trustee or director | 1 | $160,000 | $12,000 | $0 |
| Thomas Triscari | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Donald Kerrick | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Kimberly A Boynton | Vice Chairperson Trustee or director | 1 | $160,000 | $0 | $0 |
| Deborah G Oliver | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Rajeev Bhalla | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Leon Roger Mason Jr | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Dennis L Via | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Karen Morrissey | VP, HR CR Key employee | 40 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kevin Hair | President CEO Trustee or director, Officer | 40 | $2,366,729 | $0 | $239,373 |
| James F Holland | Executive VP, Enterprise Services Officer | 40 | $1,173,979 | $0 | $98,151 |
| Joseph T Lauko | Chief Operating Officer Officer | 40 | $1,068,526 | $0 | $136,429 |
| Philip Fazio | Former - Executive VP, Finance Chief Financial Officer Officer | 40 | $948,270 | $0 | $103,043 |
| Mary L Snyder | Executive VP, General Counsel Officer | 40 | $745,835 | $0 | $101,809 |
| Gregory Polhamus | Senior Principal Sowftware Engineer Highest-paid employee | 40 | $632,069 | $0 | $27,054 |
| Anthony O Stewart | Former VP, Corporate Quality Former | – | $0 | $554,530 | $74,064 |
| Andrea V Masten | Former - Senior VP, Defense Systems Solutions Key employee | 40 | $550,667 | $0 | $67,775 |
| Robert Alger | Business Development Director Highest-paid employee | 40 | $574,806 | $0 | $33,398 |
| Stephen L Duning | Senior VP, EWS Key employee | 40 | $511,667 | $0 | $63,423 |
| Kevin M Unger | Senior VP International Operations Key employee | 40 | $422,991 | $0 | $60,482 |
| Susan J Gallagher | Former - VP, Engineering Key employee | 40 | $361,613 | $0 | $54,260 |
| Matthew E Tryniski | Senior VP Defense Systems Technologies Key employee | 40 | $356,406 | $0 | $48,068 |
| David T Bessey | VP, Business Development Key employee | 40 | $350,170 | $0 | $47,180 |
| Asif Q Mossa | AVP Business Development Highest-paid employee | 40 | $345,685 | $0 | $48,068 |
| Yuan Kong | VP, Corporate Quality Key employee | 40 | $322,053 | $0 | $50,275 |
| Julianne F Ramsey | AVP ITSS Highest-paid employee | 40 | $335,155 | $0 | $30,736 |
| Richard Cecconi | Senior Business Area Manager Highest-paid employee | 40 | $340,274 | $0 | $25,222 |
| Joseph Corasanti | Chairperson Trustee or director | 1 | $200,000 | $0 | $0 |
| Joan A Dempsey | Vice Chairperson Trustee or director | 1 | $180,000 | $0 | $0 |
| Anthony Mitchell | Trustee Trustee or director | 1 | $160,000 | $12,000 | $0 |
| Thomas Triscari | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Donald Kerrick | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Kimberly A Boynton | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Deborah G Oliver | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Rajeev Bhalla | Trustee Trustee or director | 1 | $160,000 | $0 | $0 |
| Gwendolyn Sykes | Executive VP, Finance Chief Financial Officer Officer | 40 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7502 ROUND POND RD, N SYRACUSE, NY 13212-2558
- In care of
- % SYRACUSE RESEARCH CORPORATION
- Principal officer (990 for 2024)
- Gwendolyn Sykes, 7502 Round Pond Road, North Syracuse, NY 13212
- Signed the 990
- Gwendolyn Sykes, EVP Finance CFO
- Phone
- (315) 452-8000
- Website
- www.srcinc.com
- Return prepared by
- SRC Inc
Mission
Our Mission is to deliver innovative, advanced defense solutions and products that help keep America and our allies safe and strong through RD, services, and manufacturing - investing all our earnings into technology, employees, and communities.
Program accomplishments
- Revenue and Expenses arising in connection with Scientific Research and Development services provided mainly to the Federal Government in the area of Defense, Environment, and Intelligence.Expenses $300,066,831 · revenue $327,108,425
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 15-0589832
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $430,746,708
- Income (IRS master file)
- $355,425,346
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $342,469,898 | $346,727,778 | $430,746,708 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $326,540,806 | $329,099,772 | $426,234,126 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $311,465,062 | $288,390,960 | $402,204,660 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $287,793,652 | $296,686,710 | $358,515,578 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 15-0589832).
Questions about SRC INC
- What is the EIN of SRC INC?
- The employer identification number (EIN) of SRC INC is 15-0589832.
- Is SRC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to SRC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SRC 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 SRC INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SRC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SRC INC?
- The 990 for the year ended September 30, 2025 names Gwendolyn Sykes.
- Who are the officers and directors of SRC INC?
- The 990 for the year ended September 30, 2025 lists 26 people; 26 received compensation from the organization, the highest $2,947,331 (Kevin Hair, President CEO).
- How much revenue does SRC INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $342,469,898, expenses of $346,727,778 and total assets of $430,746,708 at year end.
Other nonprofits in N SYRACUSE
- LORETTO INDEPENDENT LIVING SERVICES INC EIN 16-1470454 · last filed 990 for 2024
- MEDBEST MEDICAL MANAGEMENT INC EIN 16-1504941 · last filed 990 for 2025
- INTERNATIONAL BROTHERHOOD OF TEAMSTERS EIN 15-0472675 · last filed 990 for 2025
- GREATER SYRACUSE ASSOCIATION OF REALTORS INC EIN 15-0502939 · last filed 990 for 2025
- HELPING HOUNDS DOG RESCUE INC EIN 26-4132608 · last filed 990 for 2024
- AMERICAN FEDERATION OF TEACHERS EIN 23-7365368 · last filed 990 for 2025
- NORTH AREA MEALS ON WHEELS INC EIN 22-2296486 · last filed 990 for 2024
- UPSTATE UNION HEALTH AND WELFARE FUND EIN 16-6072836 · last filed 990 for 2024