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  4. Charles Stark Draper Laboratory
EIN 04-2505372

Charles Stark Draper Laboratory

IRS 501(c) type
501(c)(3)
Num. employees
2,611
City
Cambridge
State
Massachusetts
Year formed
1973
Most recent tax filings
2023-06-01
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
Description
Draper is an American not-for-profit research and development organization specializes in the design, development, and deployment of advanced technology solutions to problems in national security, space exploration, health care and energy.
Also known as...
Retiree Medical Payments Trust; Draper Laboratory
Total revenues
$764,551,452
2023
Total expenses
$730,364,613
2023
Total assets
$745,841,251
2023
Num. employees
2,611
2023

Program areas at Charles Stark Draper Laboratory

Draper engineers solutions that serve our national security and strategic defense interests. From developing, testing and delivering the world's most accurate systems to providing technology across multiple disciplines to address our customers' most complex technological challenges. Building on our historic 90-year legacy, we support humankind's desire to surpass the boundaries of our planet and to protect, defend and extend human life through innovation. We are proud of our long-standing commitment as a champion of u.s. military, space and national security missions, across air, land and sea, and we are dedicated to driving mission success for the nation.

Grants made by Charles Stark Draper Laboratory

GranteeGrant descriptionAmount
Massachusetts Institute of Technology (MIT)Research / Scholar Support$1,608,130
Seattle Children's HospitalResearch$459,340
Trustees of Boston UniversityScholar Support$338,870
...and 9 more grants made

Who funds Charles Stark Draper Laboratory

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Massachusetts Eye and Ear InfirmaryBasic Research$36,131
Johns Hopkins University (JHU)Sub-Award$7,634

Personnel at Charles Stark Draper Laboratory

NameTitleCompensation
Jerry WohletzPresident and Chief Executive Officer$808,073
Tara S ClarkVice President , Operations and Comm Program$655,120
William LaplantePresident and Chief Executive Officer$855,468
Marjorie QuantChief Operating Officer$168,534
Christin AlbertelliChief Financial Officer and Tres.$556,423
...and 27 more key personnel

Financials for Charles Stark Draper Laboratory

RevenuesFYE 06/2023
Total grants, contributions, etc.$4,783,662
Program services$745,404,453
Investment income and dividends$5,400,804
Tax-exempt bond proceeds$0
Royalty revenue$4,012,437
Net rental income$4,428,723
Net gain from sale of non-inventory assets$521,373
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$764,551,452

Form 990s for Charles Stark Draper Laboratory

Fiscal year endingDate received by IRSFormPDF link
2022-072023-05-14990View PDF
2022-062022-10-18990View PDF
2021-062022-04-12990View PDF
2020-062021-04-12990View PDF
2019-062020-10-02990View PDF
...and 9 more Form 990s
Data update history
April 19, 2024
Updated personnel
Identified 1 new personnel
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 13, 2023
Used new vendors
Identified 13 new vendors, including , , , , , , , , , , , , and
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 6, 2023
Updated personnel
Identified 7 new personnel
Nonprofit Types
Fraternal societiesMutual assistance organizationsResearch centersHeadquarter / parent organizationsCharities
Issues
Science and technology
Characteristics
Conducts researchLobbyingOperates internationallyReceives government fundingTax deductible donations
General information
Address
555 Technology Sq MS 34
Cambridge, MA 02139
Metro area
Boston-Cambridge-Newton, MA-NH
County
Middlesex County, MA
Website URL
draper.com/ 
Phone
(617) 258-1000
Facebook page
DraperLaboratory 
Twitter profile
@draperlab 
IRS details
EIN
04-2505372
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Central organization
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