2011-08-11T09:31:40-00:00 2010-09-30 990 2009-10-01 150589832 SRC Inc SRCI 3154528000 7502 Round Pond Road North Syracuse NY 13212 Pauline C Fuller 3154528020 2011-07-28 false Robert Young 3154528035 2011-07-28 2009 2016-02-24 21:20:13Z Pauline C Fuller 7502 Round Pond Road North Syracuse NY 13212 159149453 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 5 916 2942323 0 134980848 124837971 7759276 5913324 17351560 28398158 160091684 159149453 0 0 89732650 96168164 0 0 50473436 49559987 140206086 145728151 19885598 13421302 204146753 223123845 34243038 39884952 169903715 183238893 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 123368477 124837971 Expenses arising in connection with Scientific Research and Development services provided mainly to the Federal Government in the areas of Defense, Environment, and Intelligence. 123368477 true false false true false false false false false 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 false false true 145 0 true 916 true true true false false false false false false false false 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 Pauline C Fuller 3154528020 7502 Round Pond Road North Syracuse NY 13212 Chester D Amond 001.00 X 58000 0 0 Thomas Triscari Jr 001.00 X 33000 0 0 M Catherine Richardson 001.00 X 32000 0 0 Allen J Naples 001.00 X 32000 0 0 Lawrence A Sala 001.00 X 29000 0 0 Patricia Civil 001.00 X 29000 0 0 Donald Kerrick 001.00 X 27250 0 0 Frank A Saus 001.00 X 27000 0 0 Robert U Roberts 040.00 X X 3269655 0 31161 Paul G Tremont 040.00 X 420707 0 49204 Pauline C Fuller 040.00 X 388662 0 50997 James F Holland 040.00 X 330979 0 45819 Robert P Lane 040.00 X 293038 0 32349 Anthony J Albanese 040.00 X 263716 0 35887 Joseph T Lauko 040.00 X 237768 0 35433 Thomas A Wilson 040.00 X 110664 191028 31160 David L Sprague 040.00 X 179411 0 29543 Matthew J Pushkin 040.00 X 251614 0 35887 Tamara L Rush 040.00 X 242579 0 34803 Robert A Johnson 040.00 X 216074 0 21421 Kevin Hair 040.00 X 211664 0 21091 James R Periard 040.00 X 210620 0 32065 6894401 191028 486820 236 false true true Akin Gump Strauss Hauer & Feld LLP 1333 New Hampshire Ave NW Washington DC 20036 Legal/Government Consulting 312946 Productivity Leadership Systems LLC 8804 Madeleine Drive Baldwinsville NY 13027 Employee Training 252366 James G Burch DBA Greg Burch Consu 5545 Sully Lake Drive Centreville VA 20120 Business Consultant 244386 Looking Glass LLC 18571 Norbome Court Leesburg VA 20176 Business Consultants 240882 Ernst & Young LLP 100 Madison Street Suite 1900 Syracuse NY 13202 Accounting Services 232147 16 Systems Technology Center 541700 49243616 46417891 2825725 Chemical, Biological Environmental Center 541700 10045873 9959962 85911 Informational Science Engineering Center 541700 65548482 65548482 124837971 5913324 5913324 28367471 28367471 Miscellaneous Income 812900 30687 30687 30687 159149453 121926335 2942323 34280795 0 0 0 0 0 3817701 3817701 62538978 58285269 4253709 7290864 6415960 874904 17210968 15479791 1731177 5309653 4672495 637158 0 224548 115587 108961 324763 324763 128340 128340 0 3841198 2880993 960205 648806 403661 245145 829609 593065 236544 1497674 1169902 327772 0 3004763 651528 2353235 3767498 3411636 355862 0 661768 368562 293206 64363 64363 0 4256533 2374997 1881536 882019 430686 451333 Materials Deferred Contract Costs 6406136 6406136 Subcontractors 11693551 11693551 Repairs Maintenance 951077 301392 649685 Income Taxes 6689125 6689125 Charitable Contributions 612634 5306 607328 3075582 954472 2121110 145728151 123368477 22359674 0 3850 3850 109775942 121165127 38260727 46682037 730 4324 70515 56983 111004 163071 640555 934462 58424659 23348002 34394687 35076657 17686809 17683864 3201934 1353470 204146753 223123845 5602877 7043472 1000000 1000000 21312500 20555000 6327661 11286480 34243038 39884952 X 169903715 183238893 169903715 183238893 204146753 223123845 X false true true X true true X 0.00000 78906349 68773721 73263606 73852521 70920353 365716550 12650985 33785593 39631856 44676854 51005982 181751270 91557334 102559314 112895462 118529375 121926335 547467820 547467820 1476780 28721612 14943072 25065628 34280795 104487887 98167787 75631 1024346 145208 99412972 99644567 28721612 15018703 26089974 34426003 203900859 0 948150 14320 1150 963620 191201901 132229076 127928485 144620499 156352338 752332299 0.72770 0.75100 0.27100 0.24760 X Part III Line Line 12 Column b 2006 Refundable Taxes 825,884 and Miscellaneous Income 122,266. Total 948,150. Part III Line Line 12 Column c - Miscellaneous Income 14,320. Part III Line Line 12 Column d - 2008 Miscellaneous Income 1,150. false true false false false false true 241897 false false 241897 false false false 793857 793857 28070209 4008303 24061906 1536294 1282881 253413 20063502 14389003 5674499 7960797 3667815 4292982 35076657 Tax Deferred Section 457 Plan Assets 416056 F Investment in For-Profit Subsidiary 17267808 F 17683864 Employee Benefits Withheld Accrued 638187 Tax Deferred Section 457 Plan Liability 416056 Billings in Excess of Costs 577533 Vacation Accrual 3247286 SFAS 158 - Postretirement Benefit Obligation 413330 Income Taxes Payable 5994088 11286480 159149453 145728151 13421302 13421302 159143939 -5514 -5514 159149453 159149453 145722637 145722637 5514 5514 145728151 XII 2d State filing fees and personal property taxes 5,514. XIII 4b State filing fees and personal property taxes 5,514. East Asia and the Pacific 9 Program Services U.S. Government Contract support 97552 Europe 16 Program Services Contract Support, Conferences, Project Planning 221810 Middle East and North Africa 9 Program Services U.S. Government Contract support 371909 North America 6 Program Services Contract Support, Conferences, Project Planning 15117 South America 9 Program Services U.S. Government Contract support 101430 South Asia 3 Program Services U.S. Government Contract support 169258 52 977076 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. 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 462265 261908 2545482 24500 6661 3300816 1603109 Paul G Tremont 289765 127750 3193 36872 12332 469912 Pauline C Fuller 262665 124207 1790 34260 16737 439659 James F Holland 222916 105489 2574 30150 15669 376798 Robert P Lane 211875 79013 2150 29101 3248 325387 Anthony J Albanese 213721 48703 1292 24500 11387 299603 Joseph T Lauko 195791 40584 1393 24046 11387 273201 Thomas A Wilson 81803 141577 28233 48750 629 702 11073 13427 2498 4162 124236 208618 David L Sprague 150498 27976 936 18156 11387 208953 Matthew J Pushkin 207516 43472 626 24500 11387 287501 Tamara L Rush 198366 43830 383 24500 10303 277382 Robert A Johnson 184000 30208 1866 21421 237495 Kevin Hair 171700 39211 753 21091 232755 James R Periard 167584 42229 807 21463 10602 242685 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 or no coach or business class accommodations are reasonably available or there is a documented medical need or the person is traveling on an excessively long foreign trip. I 4b The Company provides an IRC Section 457f deferred compensation plan for Robert U. Roberts, President CEO. This plan is funded entirely by the Company and contributions which 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 925,000 to the plan in calendar year 2009. On 12/31/2009 the funds in the plan became vested and the full amount were paid and included in Mr. Roberts 2009 Form W-2. I 4b The Company provides an IRC 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 32,393 to the plan for calendar year 2009. 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 Organization SRCTec, 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 Organization SRCTec, 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 net earnings. Onondaga County Industrial Development Agency 161093714 682747GM6 2005-12-14 17835000 Acquire property, construct and equip facility. false false 610220 17224780 2008 false false true true false true false false true 0.01040 0.01040 true false true false false false false Anthony J Albanese SRC PC Buy Program X 1230 307 false false true Kevin Hair SRC PC Buy Program X 701 175 false false true Matthew J Pushkin SRC PC Buy Program X 730 548 false false true Joseph T Lauko SRC PC Buy Program X 2070 1556 false false true James F Holland SRC PC Buy Program X 2317 1738 false false true 4324 Allen J Naples Trustee 284959 See Schedule O false Form 990 VI 2 Business Relationships between Officer, Directors, Trustees and Key Employees Robert U. Roberts, President CEO of SRC, Inc. 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 of Anaren, Incs Board of Directors. In addition, Lawrence Sala is the President CEO of Anaren, Inc. Form 990 VI 2 Business Relationships between Officer, Directors, Trustees and Key Employees Robert U. Roberts, President CEO of SRC, Inc. 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 VI 10 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 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 corporate compliance 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 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. Mr. Roberts recues himself while these discussions and approvals are made. 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 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 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. Schedule K II 1 2005 Series Onondaga County Industrial Development Agency Variable Rate Demand Civic Facility Revenue Bonds. Revenue Bonds are payable in quarterly installments commencing December 1, 2007 through December 2031. Payments of principal plus interest, at a variable rate determined on a weekly basis using SIFMA index plus 0.45 .32 at September 30, 2010. The obligation is collateralized by a letter of credit of 17,042,555. The outstanding balance as of September 30, 2010 was 16,315,000. Schedule L 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 284,959 for the current fiscal year. Syracuse Research LLC 7502 Round Pond Road N Syracuse NY 13212 300560841 Disregarded Entity NY SRC Inc SRCTec Inc 5801 East Taft Road N Syracuse NY 13212 204641594 Manufacturing NY SRC Inc C Corp 62638156 236972777 1.00000 true false false false false false false false false false true true false false true true false true SRCTec Inc a 28367390 SRCTec Inc k 19429265 SRCTec Inc l 83654 SRCTec Inc o 46663 SRCTec Inc p 1284692 SRCTec Inc r 5000000