SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
right arrow Attach to Form 990 or 990-EZ.
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OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
SRC Inc
 
Employer identification number

15-0589832
Return Reference Explanation
Form 990, Part VI, Section A, Line 2 Business Relationships between Officers, Directors, Trustees, and Key Employees Philip Fazio, Former Executive Vice President, Finance and Chief Financial Officer of SRC, Inc. and Thomas Triscari, Trustee of SRC, Inc.s Board of Trustees are current members of NYSTECs Board of Trustees.
Form 990, Part VI, Section A, Line 2 Business Relationships between Officers, Trustees, and Key Employees Anthony K. Mitchell Trustee of SRC, Incs Board of Trustees Gwendolyn Sykes an Officer of SRC, Inc. Kevin Unger, Key Employee of SRC, Inc. and Joseph Lauko an Officer of SRC, Inc. are current members of SRC International, Inc. Board of Directors or an Officer of the Company.
Form 990, Part VI, Section B, Line 1b 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 the SRC Board of Trustees prior to filing. 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 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 rescue 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, 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.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2022


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