Sri International

Nonprofit profile at a glance

EIN
941160950
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Menlo Park, CA, USA
Phone
6508592000
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
General Science

Official website

Reported finances

Revenue
$437,926,151
Expenses
$433,169,251
Assets
$409,624,782
Liabilities
$231,589,878

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • DAVID PAREKH (CEO)
  • WILLIAM MARK (PRESIDENT, ICS DIVISION THRU 4/11/24)
  • PATRICK LINCOLN (PRESIDENT, ICS DIVISION FROM 4/11/24)
  • JOHN CROWE (PRESIDENT, ATSD DIVISION)
  • STEVE PERNA (PRESIDENT, INSYS DIVISION)
  • SHARI GOLAN (PRESIDENT, EDUCATION DIVISION)

Highest reported compensation

  • DAVID PAREKH (CEO): $1,440,820 total reported compensation
  • JOHN MCINTIRE (CHIEF LEGAL OFFICER): $1,012,803 total reported compensation
  • DAVID STRINGER-CALVERT (DEPUTY GENERAL COUNSEL): $921,841 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Sri international creates world-changing solutions making people safer, healthier, and more productive through scientific research & development.

What it reported doing in 2024

Sri engages in a broad range of other scientific research initiatives in furtherance of its exempt mission, including education, biosciences, corporate research group, and future concepts. The education division undertakes a research-based analysis of educational outcomes and reforms and the impacts of technology on learning. Researchers address problems posed by complex issues in education policy, technology in learning, and learning and development. Programs help identify trends, understand outcomes, and develop policy and practice solutions to the challenges posed by rapid social, technological and economic change. The biosciences division works with academic, foundations, government, and other clients and partners to bring new medicines, diagnostics, therapeutics and devices to market through basic research, pharmaceutical discovery, preclinical development and clinical translation. Researchers solve important problems in disease prevention, diagnosis and treatment, targeting important unmet needs in healthcare and saving and improving lives worldwide. The corporate research group (crg) comprising the center for innovation strategy and policy (cisp) ) and the nomura sri innovation center (nsic) leads innovation services efforts at sri. Cisp works with us federal, state, regional and local government entities to assess, build and activate technology-based innovation policy and workforce development efforts. Cisp also advises international clients on innovation strategy objectives. Nsic works with japanese corporate clients to assess and grow corporate 'intrepreneurship' efforts supporting corporate innovation objectives. The future concepts division focuses on solutions from basic research through real-world applications by creating and maturing breakthrough technologies related to climate, energy and sustainability as well as intelligent human-machine systems.

Operating model

Revenue model
Earned-program. 77% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 65
  • Accountability: 94
  • Sustainability: 37
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.7%; rating input score 74
  • Program expense ratio: 74.1%; rating input score 74
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 90%; rating input score 90; 38th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.1%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.95; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: -3.9% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -2.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 1.5% per year; rating input score 100; 12th percentile among comparable filings

Details

  • Where the money goes: 73.7% of revenue deployed · 74.1% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $320.9M in reported program spending
  • Leadership: top reported pay $1.4M · 28 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $9.4M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 28 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.