2012-08-13T14:04:23-00:00 2011-09-30 990 2010-10-01 150589832 SRC Inc SRCI 3154528000 7502 Round Pond Road North Syracuse NY 13212 Phil Fazio 2012-08-09 false 2010 2016-02-24 21:20:13Z Phil Fazio 7502 Round Pond Road North Syracuse NY 13212 213925367 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 scince and technology, public involvement and leadership, and academic partnerships. SRC, Inc. is a Scientific Research Development organization that provides innovative solutions to the U.S. Government and other selected markets through advances in scince and technology, public involvement and leadership, and academic partnerships. 9 5 993 544515 -87314 0 124837971 141202969 5913324 50765768 28398158 21956630 159149453 213925367 0 0 96168164 121751844 0 0 49559987 32271364 145728151 154023208 13421302 59902159 223123845 275835439 39884952 32158323 183238893 243677116 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 through the innovative application of science, technology, and information to solve problems of national significance. false false 122621473 141202969 Expenses arising in connection with Scientific Research and Development services provided mainly to the Federal Government in the areas of Defense, Environment, and Intelligence. 122621473 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 142 0 true 993 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 Phil Fazio 3154528811 7502 Round Pond Road North Syracuse NY 13212 Chester D Amond 001.00 X 64668 0 0 Thomas Triscari Jr 001.00 X 36480 0 0 M Catherine Richardson 001.00 X 38915 0 0 Allen J Naples 001.00 X 36750 0 0 Lawrence A Sala 001.00 X 34500 0 0 Patricia Civil 001.00 X 32250 0 0 Donald Kerrick 001.00 X 31000 0 0 Frank A Saus 001.00 X 30250 0 0 Robert U Roberts 040.00 X X X 1173261 0 30605 Robert F Behler 040.00 X X 570315 0 379 Paul G Tremont 040.00 X 551017 0 65613 Pauline C Fuller 040.00 X 397161 0 54426 James F Holland 040.00 X 363536 0 52399 Robert P Lane 040.00 X 322693 0 35139 Anthony J Albanese 040.00 X 287562 0 35887 Joseph T Lauko 040.00 X 261444 0 35887 Thomas A Wilson 040.00 X 0 304419 27522 David L Sprague 040.00 X 178964 0 29888 John M Yescavage 040.00 X 297638 0 35887 William O Jacobs 040.00 X 260223 0 23349 Tamara Rush 040.00 X X 255608 0 35887 Matthew J Pushkin 040.00 X X 242227 0 28581 James R Periard 040.00 X 229510 0 35081 5695972 304419 526530 283 true true true Endgame Systems LLC 817 West Peachtree St Suite 770 Atlanta GA 30308 Software Provider 745000 Shirley Coloney DBA Computer Supply 220 Fairbourne Rochester NY 14626 Computer/Electronics Retailer 541126 Productivity Leadership Systems LLC 8804 Madeleine Drive Baldwinsville NY 13027 Employee Development 338792 Bond Schoeneck & King One Lincoln Center Syracuse NY 13202 Legal Consultants 324618 Akin Gump Strauss Hauer & Feld LLP 1333 New Hampshire Ave NW Washington DC 20036 Legal/Government Consultants 300000 11 Systems Technology Center 541700 54677610 54439543 238067 Chemical, Biological Environmental Center 541700 13542801 13438678 104123 Informational Science Engineering Center 541700 72982558 72982558 141202969 50765768 50765768 21753738 21753738 Miscellaneous Income 812900 202325 202325 Miscellaneous Income 900099 567 567 202892 213925367 140860779 544515 72520073 0 0 0 0 0 5106616 5106616 83177481 76714341 6463140 7815459 6877604 937855 19798134 16830530 2967604 5854154 5151656 702498 0 387640 223094 164546 273722 273722 156838 156838 0 3357720 933831 2423889 539265 145099 394166 1890695 1602223 288472 2809488 2440605 368883 0 3989931 777698 3212233 4293342 3440280 853062 0 802531 86662 715869 54714 54714 0 4510401 2462198 2048203 492559 3505 489054 Materials Deferred Contract Costs 7203042 7203042 Subcontractors 382571 382571 Repairs Maintenance 1075795 355021 720774 Income Taxes -5907572 -5907572 Charitable Contributions 1538142 1538142 4420540 2844371 1576169 154023208 122621473 31401735 0 3850 3600 121165127 187588253 46682037 26985752 4324 275 56983 80441 163071 186268 934462 795291 66959050 27691101 35076657 39267949 17683864 17763717 1353470 3163893 223123845 275835439 7043472 5977301 1000000 1000000 20555000 19760000 11286480 5421022 39884952 32158323 X 183238893 243677116 183238893 243677116 223123845 275835439 X 59902159 536064 X false true true X true true X 0 0.00000 68773721 73263606 73852521 70920353 81354634 368164835 33785593 39631856 44676854 51005982 59506143 228606428 102559314 112895462 118529375 121926335 140860777 596771263 596771263 28721612 14943072 25065628 34280795 72519506 175530613 75631 1024346 145208 1245185 28721612 15018703 26089974 34426003 72519506 176775798 0 948150 14320 1150 567 964187 132229076 127928485 144620499 156352338 213380850 774511248 0.77050 0.72770 0.22820 0.27100 X Part III Line 12 Column a 2006 - Other revenue consists of Refundable Taxes 825,884 and Miscellaneous Income 122,266. Total 948,150 Part III Line 12 Column b 2007 - Other revenue consists of Miscellaneous Income 14,320. Part III Line 12 Column c 2008 - Other Revenue consists of Miscellaneous Revenue 1,150. Part III Line 12 Column e 2010 - Other Revenue consists of Miscellaneous Revenue 567. false true false false false false true 156838 false false 156838 false false false 793857 793857 31192076 4818075 26374001 3097287 1465484 1631803 23701177 16693130 7008047 8174653 4714412 3460241 39267949 Tax Deferred Section 457 Plan Assets 495909 F Investment in For-Profit Subsidiary 17267808 F 17763717 Employee Benefits Withheld Accrued 736485 Tax Deferred Section 457 Plan Liability 495909 Billings in Excess of Costs 396041 Vacation Accrual 3657033 SFAS 158 - Postretirement Benefit Obligation Income Taxes Payable 1000 Accrued Severance 134554 5421022 213925367 154023208 59902159 59902159 213893447 -31920 -31920 213925367 213925367 153991288 153991288 31920 31920 154023208 X 2 The provisions of ACS 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, X 2 Continued 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, 12011 and 2010. XII 2d Other - Miscellaneous expense item reported as an expense on Form 990 31,920. XIII 4b Other - Miscellaneous expense item reported as an expense on Form 990 31,920. East Asia and the Pacific 9 Program Services U.S. Government Contract Support 102656 Europe 19 Program Services Contract Support Conferences 218325 Middle East and North Africa 12 Program Services U.S. Government Contract Support 373659 North America 11 Program Services Contract Support Conferences 37224 South Asia 7 Program Services U.S. Government Contract Support 305128 Sub-Saharan Africa 3 Program Services U.S. Government Contract Support 34371 61 61 1071363 1071363 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 true true X X X false true false true true true true false false Robert U Roberts 456973 402116 314171 24500 6105 1203865 Robert F Behler 38146 531872 297 379 570694 Paul G Tremont 305187 244388 1442 53046 12566 616629 Pauline C Fuller 273193 122621 1348 38628 15797 451587 James F Holland 232318 129404 1814 36730 15669 415935 Robert P Lane 221845 98608 2240 32143 2996 357832 Anthony J Albanese 225223 60995 1344 24500 11387 323449 Joseph T Lauko 209693 50863 888 24500 11387 297331 Thomas A Wilson 234864 68383 1172 20862 6660 331941 David L Sprague 151723 25853 1388 18501 11387 208852 John M Yescavage 229892 67569 177 24500 11387 333525 William O Jacobs 224444 35534 245 23349 283572 Tamara Rush 207204 48000 404 24500 11387 291495 Matthew J Pushkin 202127 39517 583 17194 11387 270808 James R Periard 178251 50183 1076 24479 10602 264591 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 one of 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 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 62,548 to the plan in calendar year 2010. 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 key employee 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 all of the key employee 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 facility false false false 17835000 610220 17224780 2008 false false true true false true false false true 0.01040 0.01040 true false true false false false false Joseph T Lauko SRC PC Buy Program X 1101 275 false false true 275 Allen J Naples Trustee 241576 See Part V false Anthony J Albanese Key Employee 118013 See Part V false Pauline C Fuller Officer 20747 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 241,576 for the current fiscal year. IV 2 Two 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 78,207.33 and Compensation paid to Anthonys daughter was 39,805.63 in the current fiscal year. IV 3 A Family member of Pauline C. Fuller, an Officer of SRC, Inc. serves as employee of the organization and received compensation during the year. Compensation paid to Paulines daughter was 20,746.93 in the current fiscal year. Form 990 Part VI 2 Business Relationships between Officers, Directors, Trustees and Key Employees Robert U. Roberts, former President CEO of SRC, Inc. and a current member of the SRC, Inc Board of Trustees is a current 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, former President CEO of SRC, Inc. and current member of the SRC, Inc 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 a biannual basis. A comparability study is 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 Postretirement benefits adjustment 536,064. Form 990 Part VI Section A Line 2 Business Relationships between Officers, Directors, Trustees and Key Employees Robert U. Roberts, former President CEO of SRC, Inc. and a current member of the SRC, Inc Board of Trustees is a current 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, former President CEO of SRC, Inc. and current member of the SRC, Inc 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 a biannual basis. A comparability study is 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 Postretirement benefits adjustment 536,064. Syracuse Research LLC 7502 Round Pond Road North Syracuse NY 13212 300560841 Disregarded Entity NY SRC Inc SRCTec Inc 5801 East Taft Road North Syracuse NY 13212 204641594 Manufacturing NY SRC Inc C Corp 42223455 133453743 1.00000 true false false false false false false false false false true true false false true true false true SRCTec Inc a 21753738 Book Value SRCTec Inc k 23021951 Book Value SRCTec Inc l 325740 Book Value SRCTec Inc o 147465 Book Value SRCTec Inc p 3733200 Book Value SRCTec Inc r 50000000 Book Value