Heidi Shyu
Under Secretary for Research & Engineering
Observations
- Millionaire
Estimated Net Worth
- $6.2 M - $13.5 M
Salary
- Unknown
Employment
- Started 07/22/2021
Financial Disclosure Details - OGE Form 278e (05/12/2022)
Positions Held Outside United States Government
# | Organization | City | Position | To |
---|---|---|---|---|
1 | Arlington, Virginia | CEO | 7/2021 | |
2 | Los Angeles, California | Member of the Board of Trustees | 7/2021 | |
3 | Moorpark, California | Member of the Board of Advisors | 7/2021 | |
4 | Dallas, Texas | Member of the Board of Advisors | 7/2021 | |
5 | Los Angeles, California | Member of the Board of Advisors | 7/2021 | |
6 | Grand Rapids, Michigan | Chairman of the Board of Advisors | 7/2021 | |
7 | Clarksville, Tennessee | Member of the Board of Advisors | 7/2021 | |
8 | San Juan, Puerto Rico | Member of Board of Advisors | 7/2021 | |
9 | Arlington, Virginia | Trustee | Present | |
10 | Rockville, Maryland | Chairman of the Board of Advisors | 1/2021 |
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
---|---|---|---|---|
1 | Heidi Shyu Inc. (Aerospace & defense consulting services) | $100,001 - $250,000 | Business Income | $264,588 |
1.1 | Aerospace Corporation (space) | Trustee fee | $31,000 | |
1.2 | Auterion Government Solutions (small UAS) | Advisory Board Fees | $12,500 | |
1.3 | Plasan North America (advanced armor solutions) | Board of Director fees | $18,000 | |
1.4 | VK Integrated Systems (integrated soldier weapon systems) | Advisory Board fees | $12,500 | |
1.5 | Linse Capital (Advanced air mobility) | Advisory Board Fees | $12,500 | |
1.6 | Alpine Advanced Materials LLC (materials) | $15,001 - $50,000 | None (or less than $201) | |
1.7 | Levitate Capital (Venture capital investing in advanced air mobility) | Advisory Board Fees | $12,500 | |
2 | Raytheon Co. | |||
2.1 | Raytheon Non-Contributory Pension | $50,001 - $100,000 | retirement payment (annual) | $53,586 |
Employment Agreements and Arrangements
# | Employer Or Party | City | Status And Terms | Date |
---|---|---|---|---|
1 | Waltham, Massachusetts | I will continue to participate in the Non-Contributory pension. | 10/2019 | |
2 | Arlington, Virginia | My consulting business will be inactive during my appointment. All amounts owed to me by my clients were fixed before I assumed the duties of the position of Under Secretary of Defense for Research & Engineering | 7/2021 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
---|---|---|---|
Nothing reported in this section |
Spouse's Employment Assets & Income and Retirement Accounts
# | Description | Value | Type | Amount |
---|---|---|---|---|
1 | University of Maryland | salary | ||
2 | Raytheon Non-Contributory Pension | $15,001 - $50,000 | retirement payments | |
3 | Rollover IRA | |||
3.1 | Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) | $500,001 - $1,000,000 | None (or less than $201) | |
3.2 | Vanguard Wellesley Income Fund Investor Shares (VWINX) | $100,001 - $250,000 | None (or less than $201) | |
3.3 | Vanguard/Wellington Fund, Inc Investor Shares (VWELX) | $100,001 - $250,000 | None (or less than $201) | |
4 | Traditional IRA | |||
4.1 | Fidelity RAYSIP Fixed Income Fund | $500,001 - $1,000,000 | None (or less than $201) | |
5 | Fidelity Maryland Optional retirement Program | |||
5.1 | Fidelity Freedom Index Income Fund Institutional Premium Class Shares (FFGZX) | $1,001 - $15,000 | None (or less than $201) |
Other Assets and Income
# | Description | Value | Type | Amount |
---|---|---|---|---|
1 | Residential Real Estate, Ashburn, VA | $500,001 - $1,000,000 | Rent or Royalties | $15,001 - $50,000 |
2 | Residential Real Estate, Ashburn, VA | $500,001 - $1,000,000 | Rent or Royalties | $15,001 - $50,000 |
3 | Residential Real Estate, Ashburn, VA | $500,001 - $1,000,000 | Rent or Royalties | $15,001 - $50,000 |
4 | Residential Real Estate, Fredericton, NB, Canada | $100,001 - $250,000 | None (or less than $201) | |
5 | US bank account #1 (cash) | $15,001 - $50,000 | None (or less than $201) | |
6 | KBS REIT II | $1,001 - $15,000 | Dividends | $5,001 - $15,000 |
7 | Pacific Oak Strategic Opportunity REIT | $50,001 - $100,000 | Dividends | $201 - $1,000 |
8 | Strategic Realty Trust | $15,001 - $50,000 | Dividends | $201 - $1,000 |
9 | EE Bond | $1,001 - $15,000 | None (or less than $201) | |
10 | Canada Bank (cash) | $15,001 - $50,000 | None (or less than $201) |
Transactions
# | Description | Type | Date | Amount |
---|---|---|---|---|
1 | Residential purchase, Arlington, VA (rental property) | Purchase | 04/30/2021 | $500,001 - $1,000,000 |
Liabilities
# | Creditor | Amount | Incurred | Term |
---|---|---|---|---|
1 | CENLAR | $250,001 - $500,000 | 2014 | 30 |
2 | New American Funding | $100,001 - $250,000 | 2010 | 30 |
3 | CENLAR | $50,001 - $100,000 | 2004 | 15 |
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
---|---|---|---|---|
Nothing reported in this section |
Endnotes
Section | # | Description |
---|---|---|
1 | 11 | Although I did not have a formal position with this entity, they erroneously listed me on their website as a Member of their Board of Advisors until June 2021 when the error was corrected. |
2 | 1.6 | investment in Subsidiary of Catalyze Dallas |
2 | 3.1 | REIT: Urban retail properties in CA |
2 | 3.2 | REIT has 609 investment properties in 43 states & Canada |
2 | 3.3 | Ventus REIT has 1190 healthcare properties across the U.S. |
2 | 5.1 | 99% invested in US Treasury bonds maturing from 2021 to 2051 |
2 | 5.2 | 87% investment in Government National Mortgage Association II, 8% invested in Government National Mortgage Association I, 5% cash |
6 | 17 | Perspective L Series Fixed & Variable Annuity |
8 | 1 | Mortgage paid off in 2020. |
8 | 2 | 50% interest on this property. |
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