2019-05-06T16:20:14-05:00 2018-06-29 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2017-07-01 042505372 Charles Stark Draper Laboratory Inc % CHRISTINE ALBERTELLI CHAR 6172581000 555 Technology Square MS 34 Cambridge MA 02139 ELIZABETH MORA CAO 6172581000 2019-05-06 true Daniel Romano P00504182 2155614200 2019-05-02 65.229.26.130 23695320191265000004 2019-05-06 P 16622BFBCFFB810ED39D127CD3C6A0C690EF62C2 93B6A5B2B9E73C0D543A64C04FD842B0CEFC817E 2017 2019-02-21 02:37:17Z Dr Kaigham J Gabriel 555 Technology Square MS 34 Cambridge MA 02139 659662702 false X www.draper.com X 1973 MA PIONEER IN THE APPLICATION OF SCIENCE AND TECHNOLOGY IN THE NATIONAL INTEREST. 12 11 2198 0 0 898109 4304569 3183775 567181031 589386880 3629922 11256568 2722465 4082608 577837987 607909831 2854826 2700321 0 0 268308612 280824162 0 0 406406 339671039 355716149 610834477 639240632 -32996490 -31330801 613174784 663485592 210508065 272076804 402666719 391408788 Draper engineers design, develop and deploy advanced technology solutions for the worlds most difficult and important problems. false false 331424021 1060521 357676704 Strategic Systems: When the nation needs deterrence that works, it relies on Draper. We develop, test and deliver the world's most accurate and reliable guidance, navigation & control systems; radiation-hardened electronics; precision sensors and cyber resilience to drive mission success. 201349425 930650 217298668 National Security & Space: From pioneering precision guidance for munitions, designing autonomy architecture for unmanned undersea vehicles, advancing celestial navigation technology, developing algorithms for geospatial intelligence analysis, devising both hardware and software cyber security for embedded systems - and more, we collaborate with our customer to ensure they have the capabilities they need when they need them. In space, we continue to support humankind's desire to surpass the boundaries of our planet. Draper engineers solutions that enable space exploration. 13353735 709150 14411508 Commercial Programs: For more than 80 years, Draper has delivered new capabilities to support U.S. national security. In often challenging environments, when lives are on the line, your technologies have to work. Many of the tools and capabilities delivered for our national security customers may be applied to solve challenges in the commercial sector. With three areas of emphasis and dozens more sectors relying on Draper, we help ensure your market advantage. 546127181 true true false false false false false false false false true false false false true false true false false true true true false false false false false true false true false false false false false false true false false false false false false true false false false true 274 0 true 2198 true true true false false false false false false false false false X 12 11 false false false false true true true true true false false true true true true true false true true false CA MA X CHRISTINE ALBERTELLI 6172581870 555 TECHNOLOGY SQUARE MS 34 Cambridge MA 02139 X Franklin C Miller Chairman 8.0 0.0 X 86592 0 0 David B Aronoff Director 3.0 0.0 X 39500 0 0 Lena G Goldberg Director 3.0 0.0 X 40000 0 0 Daniel E Hastings Director 3.0 0.0 X 42727 0 0 Lt Gen Ret Francis Kearney Director 3.0 0.0 X 39875 0 0 Joanne M Maguire Director 3.0 0.0 X 44750 0 0 David R Shedd Director 3.0 0.0 X 39500 0 0 M Elizabeth Young Director 3.0 0.0 X 19125 0 0 Kaigham Ken Gabriel President and CEO 40.0 0.0 X X 853037 0 231705 D Rick Williams Director 3.0 0.0 X 9375 0 0 Gary S May Director 3.0 0.0 X 3000 0 0 John T Mitchell Director 3.0 0.0 X 9375 0 0 Elizabeth Mora CHIEF ADMINISTRATIVE OFFICER 40.0 0.0 X 497127 0 114836 Darryl G Sargent VP OF NAT'L SECURITY & SPACE 40.0 0.0 X 1156486 0 34236 John R Dowdle VP of Engineering 40.0 0.0 X 460446 0 49381 Steven DiTullio VP OF STRATEGIC SYSTEMS 40.0 0.0 X 451729 0 83654 Tara S Clark VP OF Commercial Programs 40.0 0.0 X 312729 0 104855 Melinda J Brown Prin Dir, Gen Counsel & Secry 40.0 0.0 X 385315 0 34281 Jennifer L Jensen from 32018 VP of Nat'l Security and Space 40.0 0.0 X 0 0 0 Richard J Russell VP of Engineering 40.0 0.0 X 316581 0 48015 Alexa Adams Prin Dir, Gen Counsel & Secry 40.0 0.0 X 176402 0 67442 Paul Rosenstrach Principal Director Technical 40.0 0.0 X 370981 0 49446 Robert Durkin Principal Dir Administration 40.0 0.0 X 234627 0 23712 NEIL J ADAMS Program Director 40.0 0.0 X 338501 0 62207 Seamus Tuohy Program Director 40.0 0.0 X 298042 0 60076 PHIL KEATING Program Director 40.0 0.0 X 374113 0 70080 ANTHONY S KOUREPENIS PRINCIPAL DIR TECHNICAL 40.0 0.0 X 358968 0 49129 FRANK J SERNA PRINCIPAL DIR MARKETING 40.0 0.0 X 355146 0 62514 HEIDI C PERRY Engineering Director 40.0 0.0 X 312075 0 61736 David E Markuson Director of Finance 40.0 0.0 X 320256 0 37603 William F Ballhaus Jr Director 4.0 0.0 X 44000 0 0 Richard T Roca Director 0.0 0.0 X 43769 0 0 Richard D White Director 0.0 0.0 X 42112 0 0 George M Milne Jr Director 0.0 0.0 X 39363 0 0 8115624 0 1244908 1049 true true false Aurora Semiconductor 9900 16th St N ST PETERSBURG FL 33716 Packaging Services 5418611 APA Properties 44970 Falcon PI STERLING VA 20166 Property Management 1154547 Gould Technology 1121 Benfield Blvd Suites J-P MILLERSVILLE MD 21108 Manufacturing 1077118 Lando Anastasi 1 Main St 11 CAMBRIDGE MA 02142 legal 1025191 Riptide Autonomous 36 Farmside Drive PEMBROKE MA 02359 experiment support 976191 52 1347695 1836080 3183775 STRATEGIC SYSTEMS 541700 357676704 357676704 NATIONAL SECURITY & SPACE PROGRAMS 541700 217298668 217298668 COMMERCIAL PROGRAMS 541700 14411508 14411508 589386880 3414211 3414211 0 1412777 1412777 3632843 963012 2669831 0 2669831 2669831 58316216 316000 50465499 324360 7850717 -8360 7842357 7842357 0 0 0 0 0 0 0 0 0 0 607909831 589386880 15339176 2669863 2669863 0 30458 30458 0 5154414 5154414 220738 220738 199858879 172968500 26634120 256259 21028838 16557010 4471828 39407003 30833679 8497513 75811 15154290 12270039 2884251 0 6200985 4752383 1448602 475849 475849 0 0 1288172 1288172 44593 44593 269745 269745 1775573 1461669 313762 142 15452552 13772234 1680318 65605 65605 13248788 2349851 10898937 6914659 5998543 902808 13308 0 452177 311293 139984 900 1896955 1896955 0 20876467 11611803 9264664 1657484 42425 1615059 SUBCONTRACTS 183675478 183675478 OTHER INDIRECT 46889408 38170568 8661603 57237 OTHER MATERIALS 28499262 28455764 43498 OUTSIDE SERVICES 26032397 19909278 6120369 2750 639240632 546127181 92707045 406406 0 0 21397856 28154118 0 0 101357600 110774496 0 0 0 0 6993268 19561608 0 0 29053554 27142584 443112604 209739345 203003323 233373259 248305216 242422049 402353 306889 0 0 0 0 2661614 1750589 613174784 663485592 82322649 90642280 0 0 43545182 27943349 0 0 0 0 0 0 0 6994462 42392050 120427797 42248184 26068916 210508065 272076804 X 402666719 391408788 0 0 0 0 402666719 391408788 613174784 663485592 X -31330801 3445739 16627131 X false true X true true true X 7639081 9718339 2914777 4304569 3183775 27760541 0 29836948 37044941 57679170 23316424 46493881 194371364 37476029 46763280 60593947 27620993 49677656 222131905 0 222131905 12532414 12044311 13848782 7928368 8459831 54813706 0 -266871 7999 0 0 -258872 276686739 2254434188 0.80283 0.77390 X 32495864 32495864 208779626 75984270 132795356 8477716 5007861 3469855 165995326 127214114 38781212 27364072 1533100 25830972 233373259 0 ACCRUED POST RETIREMENT BENEFITS 26068916 26068916 627373002 3445739 17590143 21035882 606337120 1288172 284539 1572711 607909831 638630933 963012 963012 637667921 1288172 284539 1572711 639240632 Schedule D, Part XI, Line 2d FAS 158 Pension & Post Retirement Plan 16,625,570 Rental Expenses Netted Against Revenue 963,012 Misc. Income/Expense 1,561 ---------- Total 17,590,143 Schedule D, Part XI, Line 4b Royalties Paid 65,404 Interest Line of Credit 218,935 ---------- Total 284,539 Schedule D, Part XII, Line 2d Rental Expenses Netted Against Revenue 963,012 ---------- Total 963,012 Schedule D, Part XII, Line 4b Royalties Paid 65,604 Interest Line of Credit 218,935 ---------- Total 284,539 true Europe (Including Iceland and Greenland) 1 Program Services Research 2913620 East Asia and the Pacific Program Services Research 244541 North America Program Services Research 271462 South America Program Services Research 4553 Middle East and North Africa Program Services Research 13360 South Asia Program Services Research 4210 Europe (Including Iceland and Greenland) Grantmaking 30458 1 1 3482204 3482204 Europe (Including Iceland and Greenland) Research Grant 30458 wire 1 0 true false false false true false Part I, Line 2 NATURE OF ACTIVITIES IS NOT GRANT/ASSISTANCE BASED BUT IS SERVICES IN FURTHERANCE OF DRAPER'S EXEMPT PURPOSE. DRAPER HAS TWO TYPES OF GRANTS: SUB-AWARDS AND FELLOWSHIP GRANTS. THE MONITORING PROCEDURES FOR THE USE OF GRANT FUNDS FOR EACH TYPE IS DESCRIBED BELOW.DRAPER MONITORS GRANT FUNDS EXPENDED THROUGH SUB-AWARDS IN ACCORDANCE WITH ITS SUBCONTRACTS ADMINISTRATION POLICIES AND PROCEDURES MANUAL. AUTHORIZED DRAPER PERSONNEL SUBMIT PURCHASE REQUISITIONS FOR SUB-AWARDS TO BE ISSUED WITH GRANT FUNDS, AND SUBCONTRACT ADMINISTRATORS REVIEW THE PURCHASE REQUISITION BEFORE APPROVAL OF THE SUB-AWARD. SUBCONTRACT ADMINISTRATORS FLOW DOWN ALL APPLICABLE GRANT TERMS TO THE SUB-AWARDEE AS PART OF THE SUB-AWARD, AND THE PROGRAMS DEPARTMENT AND SUBCONTRACTS MONITOR SUB-AWARDEE PERFORMANCE THROUGH MONTHLY TECHNICAL AND FINANCIAL REPORTS BY THE SUB-AWARDEE.DRAPER MONITORS GRANT FUNDS EXPENDED FOR FELLOWSHIP SUPPORT GRANTS TO FIT WITHIN THE OVERALL HIRING PLAN, TECHNOLOGY CONCENTRATION FOCUS AREAS IMPORTANT TO DRAPER AND OUR CUSTOMERS, THE AVAILABILITY OF SUPERVISORS AND GRADUATION RATES OF FELLOWS CURRENTLY ENROLLED IN THE PROGRAM. DOLLAR AMOUNTS ARE NEGOTIATED PER DEGREE PROGRAM WITH EACH UNIVERSITY AND UPDATED YEARLY. AUTHORIZED DRAPER PERSONNEL SUBMIT PURCHASE REQUISITIONS. ALL REQUISITIONS ARE APPROVED BY THE OWNER OF THE PROJECT NUMBER PER DRAPER'S BUSINESS PROCESS. AN APPROVED PURCHASE ORDER IS PLACED WITH THE UNIVERSITY FOR THE DURATION OF THE STUDENT'S TENURE. MONTHLY INVOICES ARE SENT BY THE UNIVERSITY TO DRAPER, APPROVED BY THE DRAPER SUPERVISOR AND PAID TO THE UNIVERSITY. AT THE END OF THE FISCAL YEAR, A RECONCILIATION IS DONE TO CLOSE OUT THE ORDER. Part I, Line 3, Column F THE EXPENDITURES, PER REGION, ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. Part IV, Line 5 Due to indirect foreign investments. true Boston University 595 Commonwealth Ave Boston MA 02215 042103547 501(C)(3) 216325 Fellowships Support Brown University 1 Prospect Street Providence RI 02912 050258809 501(C)(3) 129208 Fellowships Support Harvard University 1350 Massachusetts Ave Cambridge MA 02138 042103580 501(C)(3) 193882 Fellowships Support Massachusetts Institute of Technology 77 Massachusetts Ave Cambridge MA 02139 042103594 501(C)(3) 1628061 Fellowships Support Northeastern University 490 Renaissance Park Boston MA 02115 041679980 501(C)(3) 50584 Fellowships Support Tufts University 169 Holland Street Somerville MA 02144 042103634 501(C)(3) 203390 Fellowships Support University of South Florida 3650 Spectrum Blvd Tampa FL 33612 593102112 GOV'T 249924 Fellowships Support William Marsh Rice University 6100 Main Street Houston TX 77005 741109620 501(C)(3) 47391 Fellowships Support The Johns Hopkins University 3400 N Charles Street Baltimore MD 21218 520595110 501(c)(3) 26256 Fellowships Support 9 0 Schedule I, Part I, Line 2 DRAPER HAS TWO TYPES OF GRANTS: SUB-AWARDS AND FELLOWSHIP GRANTS. THE MONITORING PROCEDURES FOR THE USE OF GRANT FUNDS FOR EACH TYPE IS DESCRIBED BELOW.DRAPER MONITORS GRANT FUNDS EXPENDED THROUGH SUB-AWARDS IN ACCORDANCE WITH ITS SUBCONTRACTS ADMINISTRATION POLICIES AND PROCEDURES MANUAL. AUTHORIZED DRAPER PERSONNEL SUBMIT PURCHASE REQUISITIONS FOR SUB-AWARDS TO BE ISSUED WITH GRANT FUNDS, AND SUBCONTRACT ADMINISTRATORS REVIEW THE PURCHASE REQUISITION BEFORE APPROVAL OF THE SUB-AWARD. SUBCONTRACT ADMINISTRATORS FLOW DOWN ALL APPLICABLE GRANT TERMS TO THE SUB-AWARDEE AS PART OF THE SUB-AWARD, AND THE PROGRAMS DEPARTMENT AND SUBCONTRACTS MONITOR SUB-AWARDEE PERFORMANCE THROUGH MONTHLY TECHNICAL AND FINANCIAL REPORTS BY THE SUB-AWARDEE.DRAPER MONITORS GRANT FUNDS EXPENDED FOR FELLOWSHIP SUPPORT GRANTS TO FIT WITHIN THE OVERALL HIRING PLAN, TECHNOLOGY CONCENTRATION FOCUS AREAS IMPORTANT TO DRAPER AND OUR CUSTOMERS, THE AVAILABILITY OF SUPERVISORS AND GRADUATION RATES OF FELLOWS CURRENTLY ENROLLED IN THE PROGRAM. DOLLAR AMOUNTS ARE NEGOTIATED PER DEGREE PROGRAM WITH EACH UNIVERSITY AND UPDATED YEARLY. AUTHORIZED DRAPER PERSONNEL SUBMIT PURCHASE REQUISITIONS. ALL REQUISITIONS ARE APPROVED BY THE OWNER OF THE PROJECT NUMBER PER DRAPER'S BUSINESS PROCESS. AN APPROVED PURCHASE ORDER IS PLACED WITH THE UNIVERSITY FOR THE DURATION OF THE STUDENT'S TENURE. MONTHLY INVOICES ARE SENT BY THE UNIVERSITY TO DRAPER, APPROVED BY THE DRAPER SUPERVISOR AND PAID TO THE UNIVERSITY. AT THE END OF THE FISCAL YEAR, A RECONCILIATION IS DONE TO CLOSE OUT THE ORDER. X X X true true X X X X X false true false true false false false false false William F Ballhaus Jr Director 44000 0 0 0 0 0 0 0 0 0 44000 0 0 0 Richard T Roca Director 43769 0 0 0 0 0 0 0 0 0 43769 0 0 0 Richard D White Director 42112 0 0 0 0 0 0 0 0 0 42112 0 0 0 Elizabeth Mora CHIEF ADMINISTRATIVE OFFICER 368355 0 97294 0 31478 0 105996 0 8840 0 611963 0 0 0 Darryl G Sargent VP OF NAT'L SECURITY & SPACE 276186 0 90299 0 790001 0 21192 0 13044 0 1190722 0 760453 0 John R Dowdle VP of Engineering 338282 0 89898 0 32266 0 26500 0 22881 0 509827 0 0 0 Steven DiTullio VP OF STRATEGIC SYSTEMS 331282 0 87882 0 32565 0 60792 0 22862 0 535383 0 0 0 Tara S Clark VP OF Commercial Programs 252546 0 39855 0 20328 0 71818 0 33037 0 417584 0 0 0 Melinda J Brown Prin Dir, Gen Counsel & Secry 194843 0 156303 0 34169 0 23064 0 11217 0 419596 0 0 0 Paul Rosenstrach Principal Director Technical 274653 0 74384 0 21944 0 26500 0 22946 0 420427 0 0 0 Robert Durkin Principal Dir Administration 186997 0 47241 0 389 0 19766 0 3946 0 258339 0 0 0 PHIL KEATING Program Director 232017 0 4632 0 137464 0 24086 0 45994 0 444193 0 0 0 ANTHONY S KOUREPENIS PRINCIPAL DIR TECHNICAL 283794 0 72437 0 2737 0 26500 0 22629 0 408097 0 0 0 FRANK J SERNA PRINCIPAL DIR MARKETING 259247 0 74521 0 21378 0 26500 0 36014 0 417660 0 0 0 NEIL J ADAMS Program Director 269953 0 67071 0 1477 0 26500 0 35707 0 400708 0 0 0 HEIDI C PERRY Engineering Director 247424 0 64099 0 552 0 25826 0 35910 0 373811 0 0 0 Kaigham Ken Gabriel President and CEO 544950 0 277984 0 30103 0 183331 0 48374 0 1084742 0 0 0 George M Milne Jr Director 39363 0 0 0 0 0 0 0 0 0 39363 0 0 0 Richard J Russell VP of Engineering 233138 0 64332 0 19111 0 25503 0 22512 0 364596 0 0 0 Alexa Adams Prin Dir, Gen Counsel & Secry 169350 0 6900 0 152 0 51972 0 15470 0 243844 0 0 0 Seamus Tuohy Program Director 236468 0 61033 0 541 0 24502 0 35574 0 358118 0 0 0 David E Markuson Director of Finance 174777 0 55634 0 89845 0 20512 0 17091 0 357859 0 0 0 Schedule J, Part I, Line 1a i)First class travel for board members and officers is provided for long-distance travel to improve participation in business meetings. This benefit was provided to nine board members, and six officers. iii) Spousal travel is reimbursed for certain individuals reported on the form 990. This income is treated as taxable, and is reported on Schedule J Part II Column B(iii). This benefit was provided to two board members, and two officers. v) Tax indemnification and gross up payments exist under our new hire/employee relocation policy where certain costs might be characterized as taxable income for employees, the laboratory will reimburse the employee for any tax effect associated with the move. One Draper employee reported on form 990 part VII received a gross up payment for moving costs. Gross up payments also exist for senior management upon taking lump sum distributions from their retirement plans. The gross up is intended to ensure that, should the employee purchase an annuity, that annuity will provide the equivalent of a pension payment. There was one disbursement made during calendar year 2017. Schedule J, Part I, Line 4a Draper has an employment and separation policy that covers the CEO, Dr. Gabriel. Under this agreement, he is entitled to 12 months' salary and health benefits if terminated by the board without cause. Schedule J, Part I, Line 4b Draper has a supplemental retirement plan. The purpose of this plan is to assure that corporate officers receive a reasonable level of retirement compensation in relation to their level of compensation and length of service at the laboratory. All officers are automatically enrolled in this plan upon assuming the officer position and benefits are calculated as of their first day through the officer's mandatory retirement date after turning age 65. Each fiscal year an actuarial valuation of the projected benefit obligation for each officer is obtained. An adjustment to the accrued benefit calculation is based on changes in the actuarial valuation and underlying actuarial assumptions and the change is included in the amount shown in column c of schedule j. The deferred compensation for the supplemental retirement plan is included in the financial statements. If an officer is employed, the amount is accrued. When an officer retires, the amount is paid. The following individuals participated in the plan in calendar year 2017. The amounts described are reported on Schedule J Part II Column C. Darryl G. Sargent: ($525,648) Tara Clark: $45,318 John Dowdle: ($635,256) Kaigham (Ken) Gabriel: $156,831 Steven DiTullio: $34,292 Elizabeth Mora: $79,496 Darryl G. Sargent received a lump sum payout from his supplemental retirement plan of $760,453 in calendar year 2017. John Dowdle forefeited the lump sum payout from his supplemental retirement plan in calendar year 2017. Schedule J, Part I, Line 5a Key members of the technical, program, finance and administrative staff are eligible to participate in the corporate management incentive program (CMIP). Participants include, but are not limited to, the employees listed on Schedule J. The Program was based on prior year metrics related to sponsored revenue growth and cost management as well as human capital management focused on retention and diversity. All participant awards are reviewed by the president of draper and reported to the board annually. ELIZABETH T ADALSTEINSSON DOWDLE FAMILY MEMBER OF OFFICER 93062 EMPLOYEE OF DRAPER false RUSSELL E SARGENT FAMILY MEMBER OF OFFICER 127676 EMPLOYEE OF DRAPER false Schedule L, Part IV The business transactions with interested persons reported on Schedule L, Part IV are made on an arms-length basis without the involvement of the interested persons. FORM 990, PART VI, LINE 6 & LINE 7A Corporation Membership consists of between 21 and 52 persons as determined by the members in office from time to time. Membership is divided into three classes. Their terms of office are fixed so that the term of office of only those members in one class will expire at each annual meeting of the members. Membership is not assignable by operation of law or otherwise. Each member shall have one vote. Members may vote either in person or by proxy. When a duly formed quorum (as determined by law, the articles of incorporation, or bylaws) is present, any matter before a duly called meeting shall be decided by a vote of a majority of the members except where a larger vote is required by law, the articles of incorporation, or bylaws. Any election is determined by a plurality of votes cast except where required by law, the articles, or bylaws. The members at each annual meeting fix the number of directors (not less than 3 or more than 17) and elect the number of directors so fixed. All activities of the corporation are conducted under the direction of the duly elected board of directors. FORM 990, PART VI, LINE 11B The form 990 is prepared by an independent accounting firm with information provided by management. The director of accounting performs an initial review before providing the Form 990 to the principal director of finance for secondary review. The CAO and CEO perform their own reviews of the document. A copy of the 990, as ultimately filed with the internal revenue service, is presented to the audit committee and made available to the full board of directors via the organization's intranet. FORM 990, PART VI, LINE 12C Draper sends an annual disclosure request to each board member with an extensive set of questions pertaining to relationships and financial interests with Draper. Officers and key employees complete a conflict on interest request electronically. Officers, key employees, and highest compensated employees are notified via letter that their salary will be disclosed on the Form 990. Based on data provided by directors and specified employees, Draper maintains a matrix of positions, affiliations and organizations with whom the directors and specified employees may have a relationship requiring disclosure. Compliance, and legal, if needed, reviews disclosures for potential relationships meeting disclosure requirements. If a potential conflict arises, appropriate restrictions are imposed and persons involved are prohibited from participating in the resolution of the conflict. Outside tax firm personnel may also be consulted. FORM 990, PART VI, LINE 15 Draper maintains one full time person who is responsible for compilation, analysis and management of the compensation budget process. Annually, Draper participates in national and local surveys that include a broad range of participating companies. The resulting data provide information related to market rates, salary ranges, compensation budget planning, benefits information, and general work life policies and practices. Pertinent survey information is analyzed, reviewed and utilized when assessing appropriate wages, grading for benchmark positions. Additionally, Draper hires an independent consultant to review the compensation of the CEO and all officers annually. The compensation budget as a whole is presented to the board compensation committee for review and approval and includes a presentation on headcount and discussion of general business activities and outlook. The compensation committee votes to approve the compensation of the CEO and officers based on their surveys which includes third party surveys of laboratories throughout the country. Decisions of the compensation committee are contemporaneously documented in the minutes. FORM 990, PART VI, LINE 19 Draper makes its governing documents, conflict of interest policy and financial statements available to the public upon request. FORM 990, PART VII BOARD MEMBERS ARE COMPENSATED A FLAT FEE FOR THEIR PARTICIPATION. ADDITIONAL COMPENSATION IS PAID FOR SERVICES AS BOARD, COMMITTEE, OR PANEL CHAIR. THE BOARD COMPENSATION AND THE CHAIR COMPENSATION IS APPROVED BY THE FULL BOARD. Form 990, Part IX, Line 1 Total domestic grants reported on Part IX, Line 1 include reversing accruals at the beginning of the year. Schedule I domestic grants represent the total amount of grants invoiced during the year with no reversing accruals. FORM 990, PART XI, LINE 9 FAS 158 PENSION & Post-Retirement Plan 16,625,570 Misc. Income/Expense 1,561 ---------- total 16,627,131 TAX YEAR THE ORGANIZATION'S FISCAL CALENDAR YEAR ENDS ON THE FRIDAY CLOSEST TO JUNE 30TH AND AS A RESULT A YEAR WILL CONTAIN EITHER 52 OR 53 WEEKS. THIS TAX YEAR ENDED ON June 29, 2018 AND CONTAINED 52 WEEKS. ONE HAMPSHIRE CONDO TRUST C/O 555 TECH SQ MS 34 CAMBRIDGE MA 02139 566655561 REAL ESTATE MA DRAPER LAB TRUST 0 241852 0.48000 false false false false false false false false false false false false false false false false true true true false ONE HAMPSHIRE CONDO TRUST p 616000 fmv ONE HAMPSHIRE CONDO TRUST q 348600 fmv ONE HAMPSHIRE CONDO TRUST r 241852 fmv