Srcco
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.
Key facts about Srcco
- EIN
- 56-2038762
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $47,057,336
- Grants made (2024)
- 8
- Average grant
- $5,882,167
- Median grant
- $6,748,893
- Total assets
- $44,126,161
- Primary geography
- New York (29% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Srcco funds
By grant dollars, the top recipient states for Srcco's 8 itemized 2024 grants were New York (29%), Georgia (25%) and California (16%). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "University Research" (8 grants).
How Srcco gives
- Giving held roughly steady from 2021 to 2024 (+1%). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Srcco
- How to evaluate Srcco as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$44.1M
+15.4% YoY
Annual Giving
$47.1M
-21.0% YoY
Grant Count
8
-46.7% YoY
Avg Grant Size
$5.9M
+48.1% YoY
About Srcco
Based on IRS filings
Srcco is a nonprofit organization focused on Community Improvement & Capacity Building, based in Durham, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $44.1M in total assets. In 2024, it awarded 8 grants totaling $47.1M. Net investment income was $617K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $44,126,161 | $38,241,286 | $42,830,224 |
| Revenue | $53,548,337 | $44,484,022 | $45,012,595 |
| Expenses | $50,262,472 | $61,911,717 | $39,505,984 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $617,389 | $403,897 | $132,698 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Georgia Tech Research Corporation ($11,915,919), The Regents of the Univ of CA San Diego ($7,600,000), The Trustees of the Columbia Univ in NYC ($6,980,176).
| Recipient | Purpose | Amount |
|---|---|---|
| Georgia Tech Research Corporation Atlanta, GA | University Research | $11,915,919 |
| The Regents of the Univ of CA San Diego La Jolla, CA | University Research | $7,600,000 |
| The Trustees of the Columbia Univ in NYC New York, NY | University Research | $6,980,176 |
| Cornell University Ithaca, NY | University Research | $6,797,785 |
| The Pennsylvania State University Univ Park, PA | University Research | $6,700,000 |
| The Board of Trustees of the Univ of IL Urbana, IL | University Research | $6,407,419 |
| National Science Foundation Alexandria, VA | University Research | $600,000 |
| The Regents of the Univ of Michigan Ann Arbor, MI | University Research | $56,037 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Todd Younkin | President & CEO | 17 | $285,029 |
| David Henshall | VP of Business Development | 16 | $107,131 |
| Karen Di Spigna | Chief Accounting Officer | 19 | $89,691 |
| Adam Knapp | Program Manager | 29 | $111,941 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Srcco?
Srcco is a nonprofit organization focused on Community Improvement & Capacity Building, based in Durham, NC. It holds $44.1M in total assets as of 2024.
How large is Srcco?
As of 2024, Srcco holds $44.1M in total assets with $53.5M in annual revenue. It awarded 8 grants totaling $47.1M in 2024.
Where does Srcco operate?
Srcco has awarded grants in Arizona, California, District of Columbia, Florida, Georgia, Illinois, Indiana, Massachusetts, Michigan, Minnesota, Nebraska, New Jersey, New York, Ohio, Pennsylvania, Texas, Virginia.
What size grants does Srcco award?
In 2024, Srcco awarded 8 grants totaling $47.1M — an average of about $5.9M per grant, based on its IRS Form 990 filings.
What is Srcco's EIN?
Srcco's EIN (Employer Identification Number) is 56-2038762. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.