Charles Stark Draper Laboratory Inc

Organization Overview

Charles Stark Draper Laboratory Inc, operating under the name Retiree Medical Payments Trust, is located in Cambridge, MA. The organization was established in 1973. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retiree Medical Payments Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Retiree Medical Payments Trust generated $741.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $710.3m during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Retiree Medical Payments Trust has awarded 69 individual grants totaling $17,463,597. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPPORT THE CHARLES STARK DRAPER LABORATORY, INC- THE TRUST PROVIDES POST-RETIREMENT MEDICAL BENEFITS TO QUALIFIED RETIREES OF THE CHARLES STARK DRAPER LABORATORY, INC AND THEIR ELIGIBLE DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT THE CHARLES STARK DRAPER LABORATORY, INC- THE TRUST PROVIDES POST-RETIREMENT MEDICAL BENEFITS TO QUALIFIED RETIREES OF THE CHARLES STARK DRAPER LABORATORY, INC AND THEIR ELIGIBLE DEPENDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Emerald Isle Systems Llc
Materials & Supplies
$1,061,802
Venice Precision Llc
Materials & Supplies
$886,235
Goodwin Procter Llp
Legal Services
$824,291
Pricewaterhousecoopers Llp
Audit Services
$611,262
Arnold & Porter Kaye Scholer Llp
Legal Services
$603,066
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,642,827
All other contributions, gifts, grants, and similar amounts not included above$407,588
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,050,415
Total Program Service Revenue$718,901,116
Investment income $1,515,319
Tax Exempt Bond Proceeds $0
Royalties $3,119,381
Net Rental Income -$831,571
Net Gain/Loss on Asset Sales $15,268,246
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $741,022,906

Grants Awarded

Over the last fiscal year, Charles Stark Draper Laboratory Inc has awarded $3,240,935 in support to 14 organizations.

Grant RecipientAmount

MASSACHUSETTS INSTITUTE OF TECHNOLOGY

Org PageRecipient Profile

Cambridge, MA

PURPOSE: FELLOWSHIPS SUPPORT

$1,582,838

REGENTS OF THE UNIVERSITY OF COLORADO

Org PageRecipient Profile

Denver, CO

PURPOSE: FELLOWSHIPS SUPPORT

$410,211

Providence, RI

PURPOSE: FELLOWSHIPS SUPPORT

$308,887

BOSTON UNIVERSITY

Org PageRecipient Profile

Boston, MA

PURPOSE: FELLOWSHIPS SUPPORT

$233,952

THE GENEVA FOUNDATION

Org PageRecipient Profile

Geneva, IL

PURPOSE: FELLOWSHIPS SUPPORT

$192,167

SEATTLE CHILDREN'S RESEARCH INSTITUTE

Org PageRecipient Profile

Seattle, WA

PURPOSE: FELLOWSHIPS SUPPORT

$120,136
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Charles Stark Draper Laboratory Inc has recieved totaling $545,824.

Awarding OrganizationAmount
National Philanthropic Tr

Jenkintown, PA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$536,990
Johns Hopkins University

Baltimore, MD

PURPOSE: SUB-AWARD

$8,834
View Grant Recipient Profile

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