2013-08-30T09:25:29-00:00 2012-09-30 990 2011-10-01 150589832 SRC Inc SRCI 3154528000 7502 Round Pond Road North Syracuse NY 13212 Philip Fazio 2013-08-30 false Robert Young 3154528035 2013-08-30 2011 2016-02-24 21:20:13Z Philip Fazio 7502 Round Pond Road North Syracuse NY 13212 178653073 false X www.srcinc.com X 1957 NY SRC, Inc. is a Scientific Research Development organization that provides innovative solutions to the U.S. Government and other selected markets through advances in science and technology, public involvement and leadership, and academic partnerships. 9 5 1069 1100027 -53295 0 141202969 140248348 50765768 30481373 21956630 7923352 213925367 178653073 0 0 121751844 112517434 0 0 32271364 51402330 154023208 163919764 59902159 14733309 275835439 291940598 32158323 33725361 243677116 258215237 Helping keep America safe and strong by protecting its people, environment, and way of life. We will do this by focusing on our customers needs and emerging threats, through the innovative application of science, technology, and information to solve problems of national significance. false false 130868607 140248348 Expenses arising in connection with Scientific Research and Development services provided mainly to the Federal Government in the areas of Defense, Environment, and Intelligence. 130868607 true false false true false false false false false true false true false true true false true false true true false false false false false false false false true true false false false false false true false true true true false false false false true true true true false false true 137 0 true 1069 true true true false false false false false false false false false X 9 5 true false false false false false false true true false false true true true true true true true true false NY CA X Philip Fazio 3154528811 7502 Round Pond Road North Syracuse NY 13212 Thomas Triscari 001.00 X 68000 2917 0 Chester D Amond 001.00 X X 57167 0 0 Robert U Roberts 001.00 X 49833 0 6105 M Catherine Richardson 001.00 X 45500 0 0 Patricia Civil 001.00 X 42500 0 0 Frank Saus 001.00 X 40000 0 0 Allen Naples 001.00 X 39000 0 0 Lawrence Sala 001.00 X 39000 0 0 Donald Kerrick 001.00 X 36667 0 0 F William Smullen III 001.00 X 0 0 0 Robert F Behler 040.00 X X 1535704 0 41383 Paul G Tremont 040.00 X X 553175 0 70994 Pauline C Fuller 040.00 X 443296 0 63607 Philip Fazio 040.00 X 0 481412 0 James F Holland 040.00 X 380283 0 56702 Robert P Lane 040.00 X 368362 0 43462 Anthony J Albanese 040.00 X 310643 0 37600 Thomas A Wilson 040.00 X 308030 4736 32694 Joseph T Lauko 040.00 X 277667 0 38489 David L Sprague 040.00 X 188800 0 33179 Tamara Rush 040.00 X X 249671 0 35616 James R Periard 040.00 X 243531 0 37616 Kevin Hair 040.00 X 241948 0 24134 Francisco J Merced 040.00 X 235266 0 29054 John F LoSecco 040.00 X 234423 0 24313 5988466 489065 574948 320 true true false Shirley Coloney DBA Computer Supply 220 Fairborne Rochester NY 14626 Computer/Electronic Retailer 783979 Defense Point Security LLC 110 Compass Cove Stafford VA 22554 Security Consultants 625321 Productivity Leadership Systems LLC 8804 Madeleine Drive Baldwinsville NY 13027 Employee Development 404880 Critical Link LLC 6712 Brooklawn Parkway Syracuse NY 13211 Control System Supplier 294845 Burch Consulting LLC - Greg Burch 5545 Sully Lake Drive Centerville VA 20120 Business Consultants 278743 19 Defense and Environmental Solutions DES 541700 66244172 65456597 787575 Intelligence Information Systems I2S 541700 74004176 73961121 43055 140248348 30481373 30481373 7653838 7653838 Miscellaneous Income 812900 269397 269397 Miscellaneous Income 900099 117 117 269514 178653073 139417718 1100027 38135328 0 0 0 0 4251756 4251756 0 71955767 64754282 7201485 8432947 7168005 1264942 21539079 18356027 3183052 6337885 5387202 950683 0 211488 88651 122837 373068 373068 204740 204740 0 2757515 900228 1857287 407611 156450 251161 1226792 998970 227822 2214698 1573212 641486 0 4164606 783326 3381280 3694049 2925655 768394 0 1361233 355879 1005354 39304 39304 0 4828477 2561163 2267314 656231 197891 458340 Materials Deferred Costs 6518199 6518199 Subcontractors 14466803 14466803 Repairs Maintenance 1133804 329936 803868 Income Taxes 2007350 2007350 5136362 1300074 3836288 163919764 130868607 33051157 0 3600 3600 187588253 38658095 26985752 24619920 275 80441 62291 186268 129660 795291 841337 74221289 31730859 39267949 42490430 163129661 17763717 17928484 3163893 4077120 275835439 291940598 5977301 5963578 1000000 875000 19760000 18930000 5421022 7956783 32158323 33725361 X 243677116 258215237 243677116 258215237 275835439 291940598 X 14733309 -195188 X false true true X true true X 0 0.00000 73263606 73852521 70920353 81354634 85403748 384794862 39631856 44676854 51005982 59506143 54013438 248834273 112895462 118529375 121926335 140860777 139417186 633629135 633629135 14943072 25065628 34280795 72519506 38135211 184944212 75631 1024346 145208 1245185 15018703 26089974 34426003 72519506 38135211 186189397 0 14320 1150 567 117 16154 127928485 144620499 156352338 213380850 177552514 819834686 0.77290 0.77050 0.22710 0.22820 X Part III Line 12 Column a 2007 - Other revenue consists of Miscellaneous Income 14,320. Part III Line 12 Column b 2008 - Other revenue consists of Miscellaneous Income 1,150. Part III Line 12 Column d 2010 - Other revenue consists of Miscellaneous Income 567. Part III Line 12 Column e 2011 - Other revenue consists of Miscellaneous Income 117. false true false false false false true 204740 false false 204740 false false II-B b,g Throughout the year, a few members of SRC, Incs staff may have direct contact with legislators, their staff, or other government officials relating to our primary department of defense systems. The total costs incurred in the current year were 204,740. false 793857 793857 34515243 5730394 28784849 3461130 1741789 1719341 25641128 18551553 7089575 9809931 5707123 4102808 42490430 Tax Deferred Section 457 Plan Assets 660676 F Investment in For-Profit Subsidiary 17267808 F 17928484 Employee Benefits Withheld Accrued 638722 Tax Deferred Section 457 Plan Liability 660676 Billings in Excess of Costs 965204 Vacation Accrual 3913816 SFAS 158 - Postretirement Benefit Obligation 19204 Income Taxes Payable 1759161 Accrued Severance 7956783 178653073 163919764 14733309 14733309 178531109 -121964 -121964 178653073 178653073 163797800 163797800 121964 121964 163919764 X 2 The provisions of ASC 740, Income Taxes, provide recognition criteria and a related measurement model for tax positions taken by the Company. In accordance with ASC 740, a tax position is a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not likelihood of greater than 50, based on technical merits, that the position would be sustained upon examination. Tax positions that meet the more-likely-than-not threshold are measured using a probability-weighted approach as the largest amount of tax benefit that is greater than 50 likely of being realized upon settlement. No liability for uncertain tax positions was recorded by the Company at September 30, 2012 and 2011. XII 2d Other - Miscellaneous expense item reported as an expense on Form 990 121,964. XIII 4b Other - Miscellaneous expense item reported as an expense on Form 990 121,964. East Asia and the Pacific 6 Program Services U.S. Government Contract Support 61562 Europe 30 Program Services Contract support Conferences 461800 Middle East and North Africa 5 Program Services U.S. Government Contract Support 37086 North America 9 Program Services Contract support Conferences 35423 South America 1 Program Services U.S. Government Contract Support 6987 South Asia 18 Program Services U.S. Government Contract Support 599948 69 69 1202806 1202806 false false false false false false I 3 SRC, Inc. does not maintain any offices in any foreign country. The activities disclosed in Part I, Line 3 represent costs associated with various employee trips to the identified regions. The primary activity conducted on these trips is to provide contract support as required by the U.S. Government and other customers. Additional activities include project planning, business development and attending conferences. X X X true true X X X true true false true true true true false false Chester D Amond 57167 57167 Robert F Behler 160592 418012 957100 24500 43745 1603949 Paul G Tremont 364863 185990 2322 53741 17253 624169 Pauline C Fuller 292364 149762 1170 43097 20511 506904 Philip Fazio 268297 142196 7042 40296 23582 481413 James F Holland 248470 130099 1715 38432 18270 436986 Robert P Lane 239147 126986 2229 36952 6510 411824 Anthony J Albanese 243701 65721 1221 24500 13100 348243 Thomas A Wilson 244746 4692 61008 2276 43 24500 8194 340724 4735 Joseph T Lauko 224283 52653 732 24500 13989 316157 David L Sprague 160999 26324 1477 19430 13749 221979 Tamara Rush 194991 54293 387 24500 11116 285287 James R Periard 189703 52889 939 24500 13116 281147 Kevin Hair 193125 48218 605 24134 266082 Francisco J Merced 182128 52970 168 15714 13339 264319 John F LoSecco 196170 36466 1787 23440 873 258736 I 1a The Company may Charter a plane for a trip that requires a group of employees to travel to a specific location. An officer, key employee or one of the five highest paid employees could be part of that group. A Charter will only be booked if it results in lower cost than commercial flights at standard coach fares for all in the group. Officers, key employees and the five highest paid employees may fly first class if and only if a free upgrade is used, no coach or business class accommodations are reasonably available, there is a documented medical need, or the person is traveling on an excessively long foreign trip. I 1a The Company may provide Travel for companions for required Company related functions. The cost of such travel is included in the officer, key employee or five highest paid employees compensation. I 1a The Company provides certain taxable fringe benefits that are grossed-up for payroll reporting. The full value of these benefits have been included in the officer, key employee or five highest paid employees compensation. I 4a On April 28, 2011 Robert F. Behler tendered his resignation as the President and CEO of SRC, Inc. As part of his separation agreement the Company paid Mr. Behler severance in the amount of 943,149. All amounts have been disclosed on Schedule J, Part II. I 4b The Company provides a section 457f deferred compensation plan for the Officers. The plan is funded entirely by the Company and contributions are held in investment funds with a local bank. The Company has ownership of the plan assets until the participant has a distributable event. The Company made contributions of 90,017 to the plan in calendar year 2011. I 5a The Company provides various incentive compensation plans of which all of the officers, key employees and some of the five highest compensated employees participate in. The incentive compensation plans are a balance score card approach, of which one of the metrics of the calculation is based on revenues. I 5b Similar to the Companys various incentive compensation plans, the related OrganizationSRCTec, Inc. provides various incentive compensation plans of which the officer disclosed participated in. The incentive compensation plans are a balance score card approach, of which one of the metrics of the calculation is based on revenues. I 6a The Company provides various incentive compensation plans of which all of the officers, key employees and some of the five highest compensated employees participate in. The incentive compensation plans are a balance score card approach, of which one of the metrics of the calculation is based on net earnings. I 6b Similar to the Companys various incentive compensation plans, the related OrganizationSRCTec, Inc. provides various incentive compensation plans of which the officer disclosed participated in. The incentive compensation plans are a balance score card approach, of which one of the metrics of the calculation is based on net earnings. Onondaga County Industrial Development Agency 161093714 682747GM6 2005-12-14 17835000 Acquire property, construct and equip new facility false false false 17835000 610220 17224780 false false true true false true false false 0.01040 0.01040 true false true false false false false Joseph T Lauko SRC e-buy Program X 1101 false false true Allen J Naples Trustee 586080 See Part V false Anthony J Albanese Key Employee 191305 See Part V false Pauline C Fuller Officer 28791 See Part V false Philip Fazio Officer 50306 See Part V false IV 1 Business Transactions Involving Interested Persons Allen Naples, a member of the Board of Trustees, is the Regional President of MT Bank. SRC, Inc. uses MT Bank for their commercial banking needs. All transactions with MT Bank have occurred at arms length and are at fair market value. Mr. Naples recues himself from any Board votes concerning MT Bank related transactions. Total fees paid to MT Bank were 586,080 for the current fiscal year. IV 2 Three family members of Anthony J. Albanese, a Key employee of SRC, Inc. serve as employees of the organization and received compensation during the year. Compensation paid to Anthonys son was 85,527 compensation paid to Anthonys son-in-law was 55,677 and compensation paid to Anthonys daughter was 50,101 in the current fiscal year. IV 3 A family member of Pauline C. Fuller, an Officer of SRC, Inc. serves as an employee of the organization and received compensation during the year. Compensation paid to Paulines daughter was 28,791 in the current fiscal year. IV 4 A family member of Philip Fazio, an Officer of SRC, Inc. serves as an employee of the organization and received compensation during the year. Compensation paid to Philips son was 50,306 in the current fiscal year. Form 990 Part VI 2 Business Relationships between Officers, Directors, Trustees and Key Employees Robert U. Roberts, Chairperson of SRC, Incs Board of Trustees is a member of the Board of Directors of Anaren Inc. Two other members of SRCs Board of Trustees, Patricia Civil and Lawrence Sala are members Anaren, Incs Board of Directors. In addition, Lawrence Sala is the President CEO of Anaren, Inc. Form 990 Part VI 2 Business Relationships between Officer, Directors, Trustees and Key Employees Robert U. Roberts, Chairperson of SRC, Incs Board of Trustees is a current compensated member of the Regional Advisory Board at MT Bank. One member of SRC s Board of Trustees, Allen J. Naples is the Regional President of MT Bank. Form 990 Part VI 11b Process used to review Form 990 The Form 990 of SRC, Inc. is prepared by the Finance staff and provided to senior management for review prior to filing. The Form 990 is also reviewed by the Audit Committee of SRC, Incs Board of Trustees and a copy is provided to all members of SRC, Incs Board of Trustees prior to filing. All questions and comments by senior management and the Board of Trustees were addressed prior to filing. In addition a training session on the Redesigned Form 990 was conducted by PricewaterhouseCoopers, LLP for the benefit of senior management and the Audit Committee of the Board of Trustees. Form 990 Part VI 12c Written Conflict of Interest Policy Conflict of Interest disclosure statements are completed annually by all members of the Board of Trustees, Officers, and Key employees of SRC, Inc. Once the disclosure statements have been collected, the statements are reviewed by members of the legal office. All reported potential conflicts of interest are evaluated and discussed among the parties. Board of Trustee members, Officers, and Key employees are required to disclose a conflict of interest and recues themselves from voting on or otherwise discharging their duties with respect to any matter involving the conflict which comes before the Board or prior to entering into any contract or transaction involving the conflict. Form 990 Part VI 15b Process for Determining Compensation The Compensation for all Officers of SRC, Inc. is recommended by the Personnel and Compensation Committee of the Board and approved by the Board of Trustees. The Personnel and Compensation Committee members are all outside Board of Trustee members. Human Resources is responsible for providing to the Personnel and Compensation Committee a reasonable compensation study which is conducted by an unrelated third party on an annual basis. A comparability study is also conducted to aid in determining the Key employees salaries. The Officers of SRC are responsible for reviewing and approving the compensation of the Key Employees of SRC, Inc. Form 990 Part VI 16b Joint Venture Policy SRC, Inc. has adopted a written policy requiring the organization to evaluate all potential participation in joint venture arrangements under applicable federal tax law and has procedures in place to safeguard the organizations exempt status with respect to potential arrangements. SRC, Inc. did not invest in, contribute assets to or participate in a joint venture or similar arrangement with any entity during the current year. Form 990 Part VI 19 Public Inspection of Form 990 and Governing Documents SRC, Inc. makes its Form 1023 and Form 990 available for public inspection upon request. SRC, Incs governing documents, conflict of interest policy and audited financial statements are not routinely made available to the general public. Form 990 Part XI 5 Reconciliation of Net Assets - Other Changes in net assets or fund balances Decrease in Postretirement benefits adjustment 195,188. Form 990 Part VI Section A Line 2 Business Relationships between Officers, Directors, Trustees and Key Employees Robert U. Roberts, Chairperson of SRC, Incs Board of Trustees is a member of the Board of Directors of Anaren Inc. Two other members of SRCs Board of Trustees, Patricia Civil and Lawrence Sala are members Anaren, Incs Board of Directors. In addition, Lawrence Sala is the President CEO of Anaren, Inc. Form 990 Part VI Section A Line 2 Business Relationships between Officer, Directors, Trustees and Key Employees Robert U. Roberts, Chairperson of SRC, Incs Board of Trustees is a current compensated member of the Regional Advisory Board at MT Bank. One member of SRC s Board of Trustees, Allen J. Naples is the Regional President of MT Bank. Form 990 Part VI Section B Line 11b Process used to review Form 990 The Form 990 of SRC, Inc. is prepared by the Finance staff and provided to senior management for review prior to filing. The Form 990 is also reviewed by the Audit Committee of SRC, Incs Board of Trustees and a copy is provided to all members of SRC, Incs Board of Trustees prior to filing. All questions and comments by senior management and the Board of Trustees were addressed prior to filing. In addition a training session on the Redesigned Form 990 was conducted by PricewaterhouseCoopers, LLP for the benefit of senior management and the Audit Committee of the Board of Trustees. Form 990 Part VI Section B Line 12c Written Conflict of Interest Policy Conflict of Interest disclosure statements are completed annually by all members of the Board of Trustees, Officers, and Key employees of SRC, Inc. Once the disclosure statements have been collected, the statements are reviewed by members of the legal office. All reported potential conflicts of interest are evaluated and discussed among the parties. Board of Trustee members, Officers, and Key employees are required to disclose a conflict of interest and recues themselves from voting on or otherwise discharging their duties with respect to any matter involving the conflict which comes before the Board or prior to entering into any contract or transaction involving the conflict. Form 990 Part VI Section B Line 15b Process for Determining Compensation The Compensation for all Officers of SRC, Inc. is recommended by the Personnel and Compensation Committee of the Board and approved by the Board of Trustees. The Personnel and Compensation Committee members are all outside Board of Trustee members. Human Resources is responsible for providing to the Personnel and Compensation Committee a reasonable compensation study which is conducted by an unrelated third party on an annual basis. A comparability study is also conducted to aid in determining the Key employees salaries. The Officers of SRC are responsible for reviewing and approving the compensation of the Key Employees of SRC, Inc. Form 990 Part VI Section B Line 16b Joint Venture Policy SRC, Inc. has adopted a written policy requiring the organization to evaluate all potential participation in joint venture arrangements under applicable federal tax law and has procedures in place to safeguard the organizations exempt status with respect to potential arrangements. SRC, Inc. did not invest in, contribute assets to or participate in a joint venture or similar arrangement with any entity during the current year. Form 990 Part VI Section C Line 19 Public Inspection of Form 990 and Governing Documents SRC, Inc. makes its Form 1023 and Form 990 available for public inspection upon request. SRC, Incs governing documents, conflict of interest policy and audited financial statements are not routinely made available to the general public. Form 990 Part XI Line 5 Reconciliation of Net Assets - Other Changes in net assets or fund balances Decrease in Postretirement benefits adjustment 195,188. Syracuse Research LLC 7502 Round Pond Road North Syracuse NY 13212 300560841 Disregarded Enity NY SRC Inc SRCTec Inc 5801 East Taft Road North Syracuse NY 13212 204641594 Manufacturing NY SRC Inc C Corp 3440328 114351894 1.00000 true false false false false false true false false false true true true false true true false true SRCTec Inc a 7653838 Book Value SRCTec Inc g 15722 Book Value SRCTec Inc k 26513180 Book Value SRCTec Inc l 2185182 Book Value SRCTec Inc m Book Value SRCTec Inc o 22376 Book Value SRCTec Inc p 4017543 Book Value SRCTec Inc r 25000000 Book Value V 1m SRCTec, Inc. provides office space for one of the supoort services groups that are all employees of SRC, Inc. There is no charge between Companies for the use of this office space.