2021-11-15T09:35:07-07:00 2020-12-31 990 2020-01-01 046134355 TERC INC TERC 6178739600 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 Laurie Brennan President 6178739600 2021-11-12 1 11 1 AAL2 X 2020 2022-09-23 18:48:47Z X LAURIE BRENNAN 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 14126632 0 X WWW.TERC.EDU X 1965 MA TERC works at the frontiers of theory and practice to develop a deeper understanding of learning and teaching; enhance instruction through teacher professional development; develop applications of new technologies in education; create curricula and other products; and support reform in both institutional and informal settings. 14 14 97 0 0 0 8847891 8719073 233421 152453 591843 1414218 1737130 1593422 11410285 11879166 0 0 0 0 8660054 9122801 0 0 19250 4462885 4077076 13122939 13199877 -1712654 -1320711 19003885 20426364 1435129 3111598 17568756 17314766 TERC works at the frontiers of theory and practice to develop a deeper understanding of learning and teaching; enhance instruction through teacher professional development; develop applications of new technologies in education; create curricula and other products; and support reform in both institutional and informal settings. 0 0 9803445 0 8871536 TERC is a Cambridge, MA based nonprofit made up of teams of forward-thinking STEM experts dedicated to innovation and creative problem solving. TERC believes great futures are built through math and science. For more than 50 years, TERC has taken a learner-centered approach to education in both formal and informal settings. At the frontier of theory and practice, TERC's work encompasses research, content and curriculum development, technology innovation, professional development, and program evaluation. Through TERC's curricula and programs, students develop the knowledge and skills needed to ask questions, solve problems, and expand their opportunities. TERC's professional development helps teachers and facilitators utilize new tools, materials, and inquiry-based strategies to enrich the learners' experience. With a passion for social justice, TERC strives to create level playing fields for all learners, reaching more than three million students each year. TERC imagines a future where teachers and students are members of vibrant communities engaged in creative, rigorous, and reflective inquiry. 0 0 0 9803445 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 118 0 1 97 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA NY OR X X CATHERINE LECESSE 6178739600 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 LAURIE BRENNAN PRESIDENT 40 0 X 254420 0 17524 JONI FALK CENTER LEADER 40 0 X 172831 0 14521 CATHERINE LECESSE CHIEF FINANCIAL OFFICER 40 0 X 161382 0 19522 KAREN ECONOMOPOULOS CO-DIRECTOR 40 0 X 142411 0 37242 GILLIAN PUTTICK SENIOR SCIENTIST 40 0 X 136236 0 35583 BRIAN DRAYTON CO-DIRECTOR 40 0 X 132266 0 35462 KAREN MUTCH-JONES CO-DIRECTOR 40 0 X 138428 0 10925 MARTIN STORKSDIECK CHAIRMAN 0.5 0 X X 0 0 0 EMILY MAITIN CLERK 0.5 0 X X 0 0 0 MARTA CIVIL TRUSTEE 0.5 0 X 0 0 0 JANICE JACKSON TRUSTEE 0.5 0 X 0 0 0 JO ANNE VASQUEZ TRUSTEE 0.5 0 X 0 0 0 HERB GINSBURG TRUSTEE 0.5 0 X 0 0 0 NADINE BONDA TRUSTEE 0.5 0 X 0 0 0 DIANE SOUVAINE TRUSTEE 0.5 0 X 0 0 0 CHINYERE ONYEBUCHI TRUSTEE 0.5 0 X 0 0 0 CHRISTINA OLAYON-BAKER TRUSTEE 0.5 0 X 0 0 0 ROSANN TUNG TRUSTEE 0.5 0 X 0 0 0 GEORGIA HALL TRUSTEE 0.5 0 X 0 0 0 ELEONORA VILLEGAS-REIMERS TRUSTEE 0.5 0 X 0 0 0 JAY LABOV TRUSTEE 0.5 0 X 0 0 0 1137974 0 170779 20 0 1 0 FUNATOMIC 265 ALBANY ROAD CARDIFF WALES UK CF24 3NX APP DEVELOPMENT 182587 THE BOARD OF REGENTS OF THE UNIVERSITY OF WISCONSIN SYSTEM 21 NORTH PARK STREET SUITE 6401 MADISON WI 537151218 EDUCATION RESEARCH 182029 KNOLOGY LTD 40 EXCHANGE PL SUITE 1403 NEW YORK NY 10005 EDUCATION RESEARCH 105488 3 0 0 0 0 6258022 2461051 0 8719073 WORKSHOPS 900099 152453 152453 0 0 0 0 0 0 152453 270526 0 0 270526 0 0 0 0 1494465 1494465 0 0 0 0 3391158 0 2247466 0 1143692 0 1143692 0 0 1143692 0 FFCRA TAX CREDIT 921190 42189 0 0 42189 OTHER 900099 56768 56768 0 0 0 0 0 0 98957 11879166 1703686 0 1456407 418858 418858 6868682 5303307 1565375 338054 252705 85349 947070 707962 239108 550137 411243 138894 21520 21520 47358 47358 85592 85592 938432 842216 76966 19250 1282229 866757 415472 19936 18663 1273 0 26528 19550 6978 49087 49087 SUBAWARDS 897520 897520 0 0 OUTSIDE SERVICES 380948 244972 135976 0 PRINTING 17205 17111 94 0 SUPPLIES & MATERIALS 184304 132109 52195 0 126417 89330 37087 0 13199877 9803445 3377182 19250 379407 269729 13033 401587 550242 1139529 1280574 1233739 0 0 0 0 0 0 0 0 183448 167946 608974 512137 82808 96837 16478762 17081386 0 0 0 0 0 0 35611 35611 19003885 20426364 1250290 422856 0 0 151706 27824 0 0 0 0 0 0 0 1402900 0 0 33133 1258018 1435129 3111598 X 16864772 16582033 703984 732733 17568756 17314766 19003885 20426364 -1320711 1066721 0 0 0 0 X 1 X 1 X 1 1 1 X 10156102 9621240 10092078 8652293 8719074 47240787 0 0 0 0 0 0 0 0 0 0 0 0 10156102 9621240 10092078 8652293 8719074 47240787 0 47240787 4227339 3194192 3224366 2239700 3007639 15893236 0 0 0 0 0 0 538258 520819 328071 322694 152453 1862295 64996318 0 0.72682 0.7174 X Schedule A, Part II, Line 10 OTHER INCOME: Revenue earned from holding workshops RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 587928 491091 96837 0 21046 21046 0 96837 0 ACCRUED PAYROLL AND BENEFITS 938855 ACCRUED LIABILITIES 102551 DEFERRED CREDIT 211452 OTHER LIABILITY 5160 1258018 X 12945197 1066722 84901 0 0 1151623 11793574 85592 0 85592 11879166 13199187 84901 0 0 0 84901 13114286 85591 0 85591 13199877 Schedule D, Part X, Line 2 PART IV LINE 11F: TERC accounts for uncertainty in income taxes in accordance with ASC Topic, Income Taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. TERC has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at December 31, 2020 and 2019. TERC's information returns are subject to examination by the Federal and State jurisdictions. 0 0 0 0 0 0 0 0 0 LAURIE BRENNAN PRESIDENT 254420 0 0 0 0 0 12696 0 4828 0 271944 0 0 0 CATHERINE LECESSE CHIEF FINANCIAL OFFICER 161382 0 0 0 0 0 8187 0 11335 0 180904 0 0 0 JONI FALK CENTER LEADER 172831 0 0 0 0 0 8111 0 6410 0 187352 0 0 0 KAREN ECONOMOPOULOS CO-DIRECTOR 142411 0 0 0 0 0 7563 0 29673 0 179647 0 0 0 KAREN MUTCH-JONES CO-DIRECTOR 138428 0 0 0 0 0 6849 0 4076 0 149353 0 0 0 GILLIAN PUTTICK SENIOR SCIENTIST 136236 0 0 0 0 0 7079 0 28504 0 171819 0 0 0 BRIAN DRAYTON CO-DIRECTOR 132266 0 0 0 0 0 6876 0 28586 0 167728 0 0 0 Jay Labov Trustee 2000 consulting services 0 Form 990, Part VI, Section B, Line 11b A copy of the 990 is presented to first by the CFO to the Treasurer for review and questions and is then shared with the Finance Committee of the Board of Trustees, and finally the full Board of Trustees. Form 990, Part VI, Section B, Line 12c TERC has a conflict of interest training that new staff undertake, a conflict of interest form that any researcher must fill out before working with federal funds, and a conflict of interest committee to review the forms and address conflicts that may arise. Form 990, Part VI, Section B, Line 15 A committee of Board Trustees reviews the performance of the President on an annual basis and determines and approves the salary and any salary increases for the President on an annual basis as well. Form 990, Part VI, Section C, Line 19 TERC maintains its governing documents, conflict of interest policy, and financial statements internally and are available by request by the public. TERC also uploads a copy of the filed 990 on guidestar.org. EDUCATIONAL VENTURES INC 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 043372257 EDUCATIONAL RESEARCH MA TERC INC C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0