SRC, Inc. is a Not-For-Profit corporation (under Section 402 of New York State Not-For-Profit Corporation Law) formed exclusively for charitable and scientific purposes, within the meaning of Section 501(c)(3) of the Internal Revenue Code including, without limitation, scientific research for the United States or any of its agencies or instrumentalities or any state or political subdivision thereof, and scientific research directed towards benefiting the public.

The 2018 NDAA amended Section 2371b(d)(1)(A) of title 10, United States Code to include nonprofit research organizations to the criteria to be met under significant participation. As a result, SRC inherently satisfies the requirement for a “nonprofit research institution participating to a significant extent in the prototype project.”