Stephenson Endeavors Corporation (the “Company”), as an independent nonprofit organization, is exempt from income tax under Internal Revenue Code of 1986 (IRC) Section 501(c)(3) primarily because we are a nonprofit, scientific research organization.
The IRC Section 501(c)(3) provides for tax exemption in the case of: Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to animals.
The Company’s primary purpose and programs are to undertake applied scientific research and development activities in the public interest. As reflected in Treasury regulations, rulings and court opinions, the tax law sets out what is required to be and remain exempt under IRC 501(c)(3) as a scientific research organization.
"Scientific research" includes both basic, purely theoretical research and practical "applied research" of the kind that the Company performs. Further, research conducted for a governmental entity is deemed to be "research in the public interest." Most of the Company's work is performed for government entities.
Accordingly, in compliance with applicable regulations for doing business with the Federal Government the Representations and Certifications and other information for the Company are available online in the System for Award Management.
Copyright © 2024 Stephenson Endeavors Corporation - All Rights Reserved. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.
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