2017-11-15T16:53:38-06:00 2016-12-31 420714325 RSM US LLP 201 N HARRISON STREET SUITE 300 DAVENPORT IA 528011999 990 2016-01-01 263784465 LENA RESEARCH FOUNDATION LENA 3035459696 5525 CENTRAL AVENUE NO 100 BOULDER CO 80301 ALEXANDER F PAUL SECRETARY/TREASURER 3035459696 2017-11-15 1 JOHN J ROMANO P00227323 5638884000 108.171.131.188 2017-11-15 11:25:16 CS P B876A155820338ED437F0CF2305A406FA7BE98CD 19C5BF97776B62867376EAC7317F804689DFFB56 2016 2017-02-10 21:41:12Z STEVEN M HANNON 5525 CENTRAL AVENUE NO 100 BOULDER CO 80301 4572248 0 X WWW.LENAFOUNDATION.ORG X 2008 IL LENA RESEARCH FOUNDATION'S MISSION IS TO ACCELERATE LANGUAGE DEVELOPMENT TO IMPROVE COGNITIVE, SOCIAL AND EMOTIONAL HEALTH OF CHILDREN BIRTH TO FIVE AND CLOSE ACHIEVEMENT GAPS. LENA ADDRESSES THIS MISSION THROUGH RESEARCH AND DEVELOPMENT OF TECHNOLOGY THAT EFFICIENTLY MEASURES THE NATUAL LANGUAGE ENVIRONMENT AND CHILD LANGUAGE DEVELOPMENT AND DISABILITY AND DELIVERS ACTIONABLE DATA FEEDBACK TO STAKEHOLDERS. 5 3 42 0 0 0 766457 427517 0 0 126782 -179022 595668 578254 1488907 826749 250 307000 0 0 3283234 3486988 0 0 36944 2454693 1829086 5738177 5623074 -4249270 -4796325 19036190 14844241 404329 951586 18631861 13892655 LENA RESEARCH FOUNDATION'S MISSION IS TO ACCELERATE LANGUAGE DEVELOPMENT TO IMPROVE THE COGNITIVE, SOCIAL, AND EMOTIONAL HEALTH OF CHILDREN BIRTH TO FIVE AND CLOSE ACHIEVEMENT GAPS. 0 0 5091465 307000 578254 LENA RESEARCH FOUNDATION (LENA) SUPPORTS A NUMBER OF INITIATIVES TO IMPROVE EARLY LANGUAGE, TO CLOSE GAPS IN COGNITIVE, EMOTIONAL AND SOCIAL DEVELOPMENT, AND TO IMPROVE SCHOOL READINESS. LENA'S CORE TECHNOLOGY IS THE LENA SYSTEM - THE INDUSTRY STANDARD FOR MEASURING TALK WITH CHILDREN, A CRITICAL FACTOR IN EARLY BRAIN DEVELOPMENT AND USED ALL OVER THE WORLD. 5091465 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 42 1 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 AK AR CA CT FL GA HI IL KS KY ME MD MI MN MS NH NJ NM NY NC ND OH OK PA RI SC TN UT VA WV WI AL DC LA X ALEXANDER F PAUL 3035459696 5525 CENTRAL AVENUE BOULDER CO 80301 CHRISTINE A MONFORT DIRECTOR 1.00 X 0 0 0 ALEXANDER F PAUL SECRETARY/TREASURER 20.00 X X 12572 0 31095 JUDITH A PAUL CHAIRMAN 10.00 X X 19528 0 8809 MARC B PEPERZAK DIRECTOR 1.00 X 0 0 0 STEVEN F WARREN DIRECTOR 1.00 X 0 0 0 STEVEN M HANNON PRESIDENT 40.00 X 198214 0 27958 VINCE SWARTOUT CHIEF INFORMATION OFFICER 40.00 X 163344 0 18748 CHARLES BAER SR. SOFTWARE MANAGER 40.00 X 141152 0 18635 JILL GILKERSON SR. DIRECTOR OF RESEARCH & EVALUATION 40.00 X 135913 0 18927 JAMES MAY WEB DEVELOPER 40.00 X 111787 0 36001 DEBORAH OWENS CONTROLLER 40.00 X 121234 0 18709 MICHAEL YOUNG SR. DATABASE ENGINEER 40.00 X 111780 0 17232 1015524 0 196114 11 0 1 0 SAND CONSTRUCTION OF COLORADO 5106 W 58TH AVENUE ARVADA CO 80002 CONSTRUCTION 409081 ALPINSPIRE LLC 9154 W COCO DRIVE LITTLETON CO 80128 SOFTWARE DEVELOPMENT 204240 BRYAN CAVE LLP PO BOX 503089 STLOUIS MO 63150 LEGAL SERVICES 136305 SOPHIA CONSULTING LLC 6108 INDIAN MOUND DRIVE MCFARLAND WI 53558 CURRICULUM AND MARKETING DEVELOPMENT 116000 4 427517 427517 14074 14074 2955166 1476 3123327 26411 -168161 -24935 -193096 -193096 1174015 595761 578254 578254 826749 578254 0 -179022 307000 307000 408264 367438 40826 72003 64803 7200 2350686 2115617 217298 17771 441586 397427 41299 2860 214449 193004 20093 1352 175034 157531 17503 130 117 13 392371 353133 39238 80332 72299 8033 148107 133296 14564 247 524251 471826 48668 3757 122894 110605 2625 9664 190500 171450 19050 18593 16734 1859 MAINTENANCE AND REPAIRS 43102 38792 4036 274 RESEARCH EXPENSES 36308 32677 3631 MEMBERSHIPS AND SUBSCRI 28307 25476 2831 PARKING AND STORAGE 21661 19495 2166 47496 42745 3732 1019 5623074 5091465 494665 36944 407388 388624 818139 48631 13703188 12805705 128622 19562 385853 283298 30982 27929 1653798 458152 568791 1195646 2960413 6536 32814 68310 19036190 14844241 89976 105304 130743 431957 183610 414325 404329 951586 X 18231861 13892655 400000 0 18631861 13892655 19036190 14844241 X -4796325 157119 -100000 X X 0 1 X 1 0 X 3122430 3385005 26747831 766457 427517 34449240 617501 706340 759207 1025710 1174015 4282773 3739931 4091345 27507038 1792167 1601532 38732013 436 5000000 5000436 34735 46945 237170 571779 890629 35171 46945 5000000 237170 571779 5891065 32840948 259 549 695 126885 14070 142458 259 549 695 126885 14070 142458 265000 575 265575 4005190 4092469 27507733 1919052 1615602 39140046 0.83910 0.85840 0.00360 0.00320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 555750 109110 446640 325824 171975 153849 772224 177067 595157 1195646 DEFERRED RENT 256911 TAXES PAYABLE 4198 PTO LIABILITY 147360 OTHER LIABILITIES 5856 414325 X 1579499 157119 157119 1422380 130 -595761 -595631 826749 6318705 695761 695761 5622944 130 130 5623074 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS INCOME. NO PROVISION FOR FEDERAL INCOME HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF ACCOUNTING GUIDANCE RELATED TO INCOME TAXES. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL AUTHORITIES FOR YEARS BEFORE 2013. AS OF DECEMBER 31, 2016, THE FOUNDATION HAS ADDRESSED UNCERTAINTY IN ITS INCOME TAX POSITIONS UNDER THIS GUIDANCE AND DETERMINED THERE ARE NO UNRECOGNIZED/DERECOGNIZED TAX BENEFITS REQUIRING AN ACCRUAL. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS INCLUDED WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS -595,761. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD INCLUDED WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS 595,761. CONTRIBUTION REVENUE RETURNED TO GRANTOR 100,000. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES SALES OF THE LENA SYSTEM EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SALES OF THE LENA SYSTEM NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES SALES OF THE LENA SYSTEM SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES SALES OF THE LENA SYSTEM MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES SALES OF THE LENA SYSTEM 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 TEXAS CHILDREN'S HOSPITAL 6621 FANNIN STREET HOUSTON TX 77030 741100555 501(C)(3) 100000 LENA START PROGRAM IMPLEMENTATION UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE NO 500 MINNEAPOLIS MN 55455 416042488 501(C)(3) 100000 LENA START PROGRAM IMPLEMENTATION AMES PUBLIC LIBRARY FRIENDS FOUNDATION PO BOX 1832 AMES IA 50010 421450291 501(C)(3) 100000 LENA START PROGRAM IMPLEMENTATION TIDES FOUNDATION PO BOX 29903 SAN FRANCISCO CA 94129 510198509 501(C)(3) 7000 GENERAL SUPPORT 4 0 PART I, LINE 2: LENA RESEARCH FOUNDATION PROVIDES THE FUNDING TO ELIGIBLE ORGANIZATIONS WHO HAVE CONFIRMED THE AVAILABILITY OF MATCHING FUNDS. X X 0 0 0 0 0 0 0 0 0 STEVEN M HANNON PRESIDENT 197524 0 0 0 690 0 6397 0 21561 0 226172 0 0 0 VINCE SWARTOUT CHIEF INFORMATION OFFICER 162894 0 0 0 450 0 6746 0 12002 0 182092 0 0 0 CHARLES BAER SR. SOFTWARE MANAGER 139882 0 0 0 1270 0 6390 0 12245 0 159787 0 0 0 JILL GILKERSON SR. DIRECTOR OF RESEARCH & EVALUATIO 135487 0 0 0 426 0 6735 0 12192 0 154840 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JUDITH PAUL AND ALEXANDER PAUL HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY AND TOGETHER THEY WILL REVIEW AND APPROVE THE RETURN BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON, DEFINED AS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED LATER, MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY: A. AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, B. A COMPENSATION ARRANGEMENT WITH THE ORGANIZATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, OR C. A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE NOT INSUBSTANTIAL. A FINANCIAL INTEREST IS NOT NECESSARILY A CONFLICT OF INTEREST. A PERSON WHO HAS A FINANCIAL INTEREST MAY HAVE A CONFLICT OF INTEREST ONLY IF THE APPROPRIATE GOVERNING BOARD OR COMMITTEE DECIDES THAT A CONFLICT OF INTEREST EXISTS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST ARE AS FOLLOWS: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: A. THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE GOVERNING BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. B. THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. A VOTING MEMBER OF THE GOVERNING BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE ORGANIZATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. A VOTING MEMBER OF ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE ORGANIZATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. NO VOTING MEMBER OF THE GOVERNING BOARD OR ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE ORGANIZATION, EITHER INDIVIDUALLY OR COLLECTIVELY, IS PROHIBITED FROM PROVIDING INFORMATION TO ANY COMMITTEE REGARDING COMPENSATION. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CONTRIBUTION REVENUE RETURNED TO GRANTOR -100,000. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.