Civic Intelligence

Src International Inc.

990 • Fiscal year 2018 • EIN 81-1355443

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 07, 2019

7502 Round Pond RoadNorth Syracuse, NY 13212

(315) 452-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2018

Top Officer Pay

96th percentile

$612,904

Higher top officer pay than 96% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

94th percentile

57%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Assets

Up

$5,900,121

Up $2,142,518 (+57%) from 2017

Net Assets

Up

$5,900,121

Up $2,229,725 (+61%) from 2017

Liabilities

Down

$0

Down $87,207 (-100%) from 2017

Revenue

Flat

$0

Flat from 2017

Expenses

Down

$53,526

Down $5,188 (-8.8%) from 2017

Net Income

Up

-$53,526

Up $5,188 (+8.8%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $3,257,603Liabilities 2016: $28,493Net Assets 2016: $3,229,1102016Assets 2017: $3,757,603Liabilities 2017: $87,207Net Assets 2017: $3,670,3962017Assets 2018: $5,900,121Liabilities 2018: $0Net Assets 2018: $5,900,1212018Assets 2019: $5,900,121Liabilities 2019: $0Net Assets 2019: $5,900,1212019Assets 2020: $7,220,504Liabilities 2020: $0Net Assets 2020: $7,220,5042020Assets 2021: $7,220,504Liabilities 2021: $0Net Assets 2021: $7,220,5042021Assets 2022: $7,720,504Liabilities 2022: $0Net Assets 2022: $7,720,5042022Assets 2023: $7,720,504Liabilities 2023: $0Net Assets 2023: $7,720,5042023Assets 2024: $7,720,254Liabilities 2024: $0Net Assets 2024: $7,720,2542024

Highlighted filing

2018

Assets$5,900,121
Liabilities$0
Net Assets$5,900,121

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2016: $0Expenses 2016: $28,493Net Income 2016: -$28,4932016Revenue 2017: $0Expenses 2017: $58,714Net Income 2017: -$58,7142017Revenue 2018: $0Expenses 2018: $53,526Net Income 2018: -$53,5262018Revenue 2019: $200,000Expenses 2019: $21,399Net Income 2019: $178,6012019Revenue 2020: $100,000Expenses 2020: $34,216Net Income 2020: $65,7842020Revenue 2021: $0Expenses 2021: $785,798Net Income 2021: -$785,7982021Revenue 2022: $0Expenses 2022: $1,318,105Net Income 2022: -$1,318,1052022Revenue 2023: $0Expenses 2023: $1,649,371Net Income 2023: -$1,649,3712023Revenue 2024: $0Expenses 2024: $2,430,831Net Income 2024: -$2,430,8312024

Highlighted filing

2018

Revenue$0
Expenses$53,526
Net Income-$53,526
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 7, 2019
Return Version
2017v2.3
Gross Receipts
$0
Mission and Program Overview

Mission

The Corporation will operate as a supporting organization, organized and operated exclusively for the benefit of SRC, Inc.

The Corporations primary activity will involve holding one hundred percent of the ownership interests in international entities acquired or formed on behalf of SRC, Inc. for the purpose of conducting scientific research

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$3,757,603$6,040,854▲ $2,283,251
Investments Program Related$3,757,603$5,900,121▲ $2,142,518
Rtn Earn Endowment Incm Other Fnds$-87,207$-140,733▼ $53,526
Total Assets$3,757,603$5,900,121▲ $2,142,518
Liabilities
Other Liabilities$87,207--
Total Liabilities$87,207$0▼ $87,207
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,670,396$5,900,121▲ $2,229,725
Total Liabilities and Net Assets / Fund Balance$3,757,603$5,900,121▲ $2,142,518

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,900,121--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Joseph CorasantiTrustee$15,000$78,750$93,750

Board Members and Trustees

NameTitle
Kevin HairChairperson President
Joseph T LaukoTrustee Vice President
Philip FazioTrustee Treasurer
Robert P LaneFormer Secretary
Mary L SnyderSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-53,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,526
Salaries, Compensation, and Employee Benefits$12,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$27,948--$27,948
Current Officers, Directors, Trustees, and Key Employees$12,000--$12,000
Other Expenses$250--$250
Travel$131--$131
Total Functional Expenses$53,526$0$0$53,526

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$53,526
Total Expenses per Audited Statements$53,526
Total Expenses per Form 990$53,526
International Activity

International Summary

Spending
$2,142,518

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificInvestmentAdditional Investment in Subsidiary--$1,642,518
North AmericaInvestmentInitial Investment in Subsidiary--$500,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Due to Affiliate-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VII, Section A, Line 1A

Joseph Corasanti is the only Board member or Officer that receives compensation for services provided to SRC International, Inc. All other compensation disclosed is for compensation received by the Officers and Former Officer for services provided to SRC, Inc. None of the compensation earned at SRC, Inc. is allocated to SRC International, Inc.

Form 990, Part VI, Section A, Line 2

Business Relationships between Officers, Directors, Trustees, and Key Employees Kevin Hair, Chairperson of the Board of Trustees, Philip Fazio, Trustee, and Joseph Lauko, Trustee are all Officers of SRC, Inc. Joseph Corasanti, Trustee is a current Trustee of SRC, Inc.

Form 990, Part VI, Section B, Line 11B

Process used to review Form 990 The Form 990 of SRC International, Inc. is prepared by the Finance staff and provided to senior management for review prior to filing. The Form 990 is also provided to all members of the SRC International, Inc.s Board of Trustees prior to filing for review and comments. All questions and comments by senior management and the Board of Trustees were addressed prior to filing.

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 and Officers of SRC International, Inc. Once the disclosures 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 and Officers are required to disclose a conflict of interest and recuse 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 any contract or transaction involving the conflict.

Form 990, Part VI, Section B, Line 15A 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. Annually, Human Resources is responsible for providing to the Personnel and Compensation Committee and the Board of Trustees a compensation study which is conducted by an independent third party. The compensation study that is obtained from the independent compensation consultant provides a reasonableness opinion, advice on the current Officers compensation, and a comparability study which is used to aid in determining the Key employees salaries.

Form 990, Part VI, Section B, Line 16B

Joint Venture Policy SRC International, 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 International, 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 International, Inc. makes its Form 1023 and Form 990 available for public inspection upon request. SRC International, Incs governing documents, conflict of interest policy, and audited financial statements are not routinely made available to the general public.

Form 990, Part VI, Section A, Line 6 7A

SRC International, Inc. was formed to be a support organization of SRC, Inc., its sole member. SRC, Inc. has the power to appoint members of the governing body.

Filing and Contact Details

Filer

Filer Name
SRC International Inc
EIN
81-1355443
Phone
3154528000
Address
7502 Round Pond Road, North Syracuse, NY 13212

Signing Officer

Name
Philip Fazio
Title
EVP Finance CFO
Signed
2019-08-07
Discuss with paid preparer
No

Organization Details

Principal Officer
Philip Fazio
Formed
2016
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Reconciliation of Net Assets Other Changes in net assets or fund balances - Increase in Net assets due to a Capital contribution made by the Parent organization, SRC, Inc. of 2,283,251.

Financial Statement Notes

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 as of September 30, 2018 or 2017. With few exceptions, the Company is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for the years ended September 30, 2015 and prior.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SRC Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleD/ExpensesSubtotalAmt053526
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05900121
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Investment in For-Profit Subsidiary
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Affiliate
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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 as of September 30, 2018 or 2017. With few exceptions, the Company is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for the years ended September 30, 2015 and prior.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalBookValueProgramRltdAmt05900121
IRS990ScheduleD/TotalExpensesPerForm990Amt053526
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt053526
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01642518
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1500000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Additional Investment in Subsidiary
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Initial Investment in Subsidiary
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Investment
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Investment
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IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt01642518
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1500000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Capital Contribution
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Capital Contribution
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1North America
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt02142518
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0In the current year SRC International, Inc. contributed capital to a newly formed wholly owned subsidiary SRC AUS Pty Ltd. The capital contribution was used to fund the on-going operations in support of SRC Internationals tax-exempt status.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1In the current year SRC International, Inc. contributed capital to a newly formed wholly owned subsidiary SRC CAN Ltd. The capital contribution was used to fund the start-up operations in support of SRC Internationals tax-exempt status.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 3
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I
IRS990ScheduleF/TotalOtherOrgCnt02
IRS990ScheduleF/TotalSpentAmt02142518
IRS990ScheduleF/TransferToForeignCorpInd0true
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0true
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/FirstClassOrCharterTravelInd0X
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IRS990ScheduleJ/IdemnificationGrossUpPmtsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0220752
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1193346
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2180978
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt364262
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt4173758
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0329600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1305500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2303621
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3221765
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4231407
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt055221
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt150431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt249215
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt329849
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt427000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt04229
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt121239
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt217969
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt315717
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt47311
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt23102
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt3494
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt4107436
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kevin Hair
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Philip Fazio
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Joseph T Lauko
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Mary L Snyder
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4Robert P Lane
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chairperson President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Trustee Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Trustee Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4Former Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0612904
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1574080
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2554885
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3332087
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4546912
IRS990ScheduleJ/SeverancePaymentInd0true
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0All compensation disclosed on Schedule J is for compensation received by the Officers and Former Officer for services provided to SRC Inc. None of the compensation earned at SRC Inc. is allocated to SRC International Inc.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1The Related 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 costs than a commercial flight 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.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt2The Related 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.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt3The Related Company provides certain taxable fringe benefits that are grossed-up for payroll reporting. The full value of these benefits has been included in the officer, key employee, or five highest paid employees compensation.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt4Robert P. Lane Former Secretary, received a severance payment from the Related Company as part of his separation agreement.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt5The Related Company provides a Section 457f non-qualified deferred compensation plan to the Officers. The plan is funded entirely by the Company and contributions are held in investment funds with a local investment bank. The Company has ownership of the plan assets until the participant has a distributable event.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt6The Related Company provides various incentive compensation plans of which all the officers, key employees, and some of the five highest paid 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.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt7The Related Company provides various incentive compensation plans of which all the officers, key employees, and some of the five highest paid 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 earnings.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I Line 1a
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I Line 1a
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc3Part I Line 1a
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc4Part I Line 4a
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc5Part I Line 4b
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc6Part I Line 5a
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc7Part I Line 5b
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Joseph Corasanti is the only Board member or Officer that receives compensation for services provided to SRC International, Inc. All other compensation disclosed is for compensation received by the Officers and Former Officer for services provided to SRC, Inc. None of the compensation earned at SRC, Inc. is allocated to SRC International, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Business Relationships between Officers, Directors, Trustees, and Key Employees Kevin Hair, Chairperson of the Board of Trustees, Philip Fazio, Trustee, and Joseph Lauko, Trustee are all Officers of SRC, Inc. Joseph Corasanti, Trustee is a current Trustee of SRC, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Process used to review Form 990 The Form 990 of SRC International, Inc. is prepared by the Finance staff and provided to senior management for review prior to filing. The Form 990 is also provided to all members of the SRC International, Inc.s Board of Trustees prior to filing for review and comments. All questions and comments by senior management and the Board of Trustees were addressed prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Written Conflict of Interest Policy Conflict of Interest disclosure statements are completed annually by all members of the Board of Trustees and Officers of SRC International, Inc. Once the disclosures 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 and Officers are required to disclose a conflict of interest and recuse 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 any contract or transaction involving the conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Process 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. Annually, Human Resources is responsible for providing to the Personnel and Compensation Committee and the Board of Trustees a compensation study which is conducted by an independent third party. The compensation study that is obtained from the independent compensation consultant provides a reasonableness opinion, advice on the current Officers compensation, and a comparability study which is used to aid in determining the Key employees salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Joint Venture Policy SRC International, 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 International, Inc. did not invest in, contribute assets to or participate in a Joint Venture or similar arrangement with any entity during the current year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Public Inspection of Form 990 and Governing Documents SRC International, Inc. makes its Form 1023 and Form 990 available for public inspection upon request. SRC International, Incs governing documents, conflict of interest policy, and audited financial statements are not routinely made available to the general public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Reconciliation of Net Assets Other Changes in net assets or fund balances - Increase in Net assets due to a Capital contribution made by the Parent organization, SRC, Inc. of 2,283,251.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SRC International, Inc. was formed to be a support organization of SRC, Inc., its sole member. SRC, Inc. has the power to appoint members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VII, Section A, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15a 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 16b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section A, Line 6 7a
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SRC Inc

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