2017-02-14T08:25:44-06:00 2016-06-30 010494526 BAKER NEWMAN & NOYES LLC 650 ELM STREET SUITE 302 MANCHESTER NH 03101 990 2015-07-01 311668672 Measured Progress Inc MEAS 6037499102 100 Education Way Dover NH 03820 Shelly Craig Chief Financial Officer 6037499102 2017-02-02 1 Nicholas E Porto P01310283 8002447444 2017-02-02 2015 2021-01-29 14:40:06Z Martin Borg 100 Education Way Dover NH 03820 87901530 0 X www.measuredprogress.org X 1999 NH Improve teaching and learning by providing customized assessment products and educational services. 7 4 429 0 0 0 0 0 89428573 87898164 -1729315 -231431 -2620854 197 85078404 87666930 80235 48364 0 0 39039041 32113097 0 0 0 48221214 52534926 87340490 84696387 -2262086 2970543 125821688 125186177 99618874 96699253 26202814 28486924 To improve teaching and learning by providing customized assessment products and educational services. 0 0 63652096 48364 87898164 Measured Progress, Inc. provides large-scale, special population and targeted educational assessment services and products to various state and local educational systems in the United States. Services and products include the complete development and production of custom-designed testing and measurement tools, as well as scoring and evaluation services and software. 63652096 1 0 0 0 0 0 1 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 428 0 1 429 1 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH CA NY X Shelly Craig 6037499102 100 Education Way Dover NH 03820 Daniel Caton Director 3.00 0.00 X 20000 0 0 Karen Cowe Director 3.00 0.00 X 20000 0 0 Alice J Irby Chair/Director 3.00 0.00 X X 30000 0 0 Mark Elgart Secretary/Director 3.00 0.00 X X 20000 0 0 Martin S Borg President & CEO/Director 37.50 1.00 X X 379695 0 47289 Stuart R Kahl Founding Principal/Director 37.50 1.00 X X 299512 0 48326 Richard Swartz Senior VP/Director 37.50 1.00 X X 311128 0 46351 Shelly Craig Chief Financial Officer 37.50 1.00 X 158118 0 31654 James Bowen COO & CIO 37.50 1.00 X 269960 0 39933 Lisa Ehrlich VP Assessment Solutions 37.50 1.00 X 239919 0 23717 Catherine Taylor Senior VP, Measurement Solutions 37.50 0.00 X 235114 0 35268 Christopher Picou VP Information Technology 37.50 0.00 X 212835 0 45443 Candace McCloy VP Human Resources 37.50 1.00 X 207586 0 42776 Michael Nering Psychometrician/Researcher 37.50 0.00 X 193000 0 12556 John Parsons Former Chief Financial Officer 0.00 X 177845 0 23602 2774712 0 396915 58 1 1 0 Kelly Services Inc PO Box 820405 Philadelphia PA 19182 Temporary Staffing 8435495 Flagship Press Inc 150 Flagship Drive North Andover MA 01845 Printing and Production 5112886 eMetric LLC 211 N Loop 1604 E Suite 170 San Antonio TX 78232 Subcontractor Testing Services 5059720 Breakthrough Technologies 1880 Oak Avenue Suite 300 Evanston IL 60201 Software Development Services 2339513 Piedra Data Services 18001 Old Cutler Road Palmetto Bay FL 33157 Information Management Services 2030442 62 Contract Revenue 611710 87897739 87897739 Miscellaneous Revenue 611710 425 425 87898164 3169 3169 197 0 197 197 197 234600 -234600 -234600 -234600 87666930 87898164 0 -231234 X 43364 43364 5000 5000 1659850 1139985 519865 23149706 9615799 13533907 1140363 886335 254028 4339141 3706260 632881 1824037 1632512 191525 114682 114682 97089 97089 25244199 21659523 3584676 461657 387505 74152 2528800 2036988 491812 1731079 1731079 5514730 5514730 2412782 1960592 452190 1118259 732359 385900 711584 711584 5573330 5573330 195451 195451 Service Center Costs 6821245 6821245 Bad Debt Expense 10039 10039 84696387 63652096 21044291 0 12521708 18705442 19651269 18807508 1320524 943818 30017403 22824694 9773658 7192709 2531948 4122358 2629109 2572109 77393472 72842233 125821688 125186177 10602199 9072866 2964307 2784498 10422377 9935016 8329400 7246541 67300591 67660332 99618874 96699253 X 0 0 0 0 26202814 28486924 26202814 28486924 125821688 125186177 X 2970543 -686433 X X 0 1 X 1 0 X 104074687 101421855 93805233 89428573 87898164 476628512 104074687 101421855 93805233 89428573 87898164 476628512 0 0 0 476628512 59186 52566 6498 5007 3366 126623 59186 52566 6498 5007 3366 126623 104133873 101474421 93811731 89433580 87901530 476755135 0.99970 0.99940 0.00030 0.00060 X X 1 11.16 0 0 0 1 0 0.00 0 1 191136 191136 2836167 2009803 826364 428542 336546 91996 8283175 7267321 1015854 18278383 13211024 5067359 7192709 Due From Related Party 67554072 Security Deposits 78930 Net Closing Costs 100095 Intellectual Property, net 5109136 72842233 Due To Intercompany 65841622 Interest Rate Swap 1818710 67660332 X 84804796 0 84804796 2862134 2862134 87666930 82520686 0 82520686 2175701 2175701 84696387 Part II, Line 5: The City of Dover, NH is the party responsible for monitoring the easement annually, and provides Measured Progress with an easement monitoring report. Part II, Line 9: The conservation easement is not reported in the financial statements. Part X, Line 2: Measured Progress and its subsidiary, 171 Watson Road of Dover Holding Corporation, have been recognized by the Internal Revenue Service as tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code (the Code). As such, they are exempt from federal income tax on related income. Advanced Systems is a for-profit organization which files federal and state income tax returns. Certain net operating losses of taxable subsidiaries of approximately $1,307,000 at June 30, 2016 and 2015, generate a potential deferred tax asset of approximately $477,000. The losses begin to expire in 2022. No asset has been recorded as this amount is offset by a valuation allowance of the same amount, as it is management's judgment that it is more likely than not that the benefit of such losses will not be realized. The change in the valuation allowance was a decrease of approximately $73,000 in 2015. There was no change in the valuation allowance in 2016. The Company follows the accounting guidance for uncertainty in income taxes using the provisions of FASB Accounting Standards Codification 740, Income Taxes. Using that guidance, tax positions initially need to be recognized in the consolidated financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. Such tax positions initially and subsequently need to be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on tax returns, and that its accruals for tax liabilities are adequate based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. The Company has not historically had significant amounts of interest or penalties related to income taxes and any such amount would be recorded as income tax expense. In addition, Management has also evaluated the tax positions of Measured Progress and 171 Watson Road of Dover Holding Corporation, and concluded they have maintained their tax exempt status, properly addressed their unrelated business income, and have taken no uncertain tax positions that require adjustment or disclosure to the consolidated financial statements. Part XI, Line 4b - Other Adjustments: Change in Interest Rate Swap 686,433. Expenses Netted with Income on Financial Statements 102,025. Rental Expenses 2,073,676. Part XII, Line 4b - Other Adjustments: Expenses Netted with Income on Financial Statements 102,025. Rental Expenses 2,073,676. 1 Seacoast Education Endowment Dover 61 Locust Street Suite Mailbox 236 Dover NH 03820 452737721 501(c)(3) 5000 General Operating Support Wentworth-Douglass Hospital 789 Central Avenue Dover NH 038202526 020260334 501(c)(3) 10000 General Operating Support 2 0 Flygare Scholarship 1 5000 Part I, Line 2: The Organization only makes donations to organizations that are 501(c)(3) public charities. Additional monitoring is not deemed necessary. Measured Progress created the Flygare Scholarship to be awarded each year to a student by application. The scholarship is awarded to a deserving, well-rounded college upperclassman who demonstrates the qualities of academic success, leadership, service, and extra-curricular involvement. X X X X 1 0 0 0 0 0 0 1 0 Martin S Borg President & CEO/Director 310380 0 57927 0 11388 0 15900 0 31389 0 426984 0 0 0 Stuart R Kahl Founding Principal/Director 255973 0 38000 0 5539 0 15849 0 32477 0 347838 0 0 0 Richard Swartz Senior VP/Director 257434 0 48155 0 5539 0 15848 0 30503 0 357479 0 0 0 Shelly Craig Chief Financial Officer 141840 0 15838 0 440 0 9008 0 22646 0 189772 0 0 0 James Bowen COO & CIO 232256 0 37050 0 654 0 8698 0 31235 0 309893 0 0 0 Lisa Ehrlich VP Assessment Solutions 203788 0 33453 0 2678 0 12343 0 11374 0 263636 0 0 0 Catherine Taylor Senior VP, Measurement Solutions 200550 0 31740 0 2824 0 12321 0 22947 0 270382 0 0 0 Christopher Picou VP Information Technology 193215 0 18682 0 938 0 12156 0 33287 0 258278 0 0 0 Candace McCloy VP Human Resources 175806 0 30282 0 1498 0 10488 0 32288 0 250362 0 0 0 Michael Nering Psychometrician/Researcher 182002 0 10451 0 547 0 10920 0 1636 0 205556 0 0 0 John Parsons Former Chief Financial Officer 110749 0 8023 0 59073 0 6931 0 16671 0 201447 0 0 0 Part I, Line 4a John Parsons, former Chief Financial Officer of Measured Progress, Inc., received severance payments totaling $58,240 during calendar year 2015. Part I, Line 7 All employees are eligible to earn a bonus equal to a percentage of salary based on the operating results of the Organization. The bonus amounts are capped and are considered in all reasonable compensation analysis. A New Hampshire Health and Education Authority 020279866 2015-05-07 10458322 refinance debt and property 0 0 1 A 10458322 40587 10458322 2015 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 Part III, Line 9; Part IV, Line 7; and Part V New Hamphire Health and Education Finance Authority coordinates compliance with Section 148 and federal tax requirements. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent, outside accounting firm. A draft of the Form 990 was provided to the Board of Directors for review before filing the return. Form 990, Part VI, Section B, line 12c Each member of the Board of Directors must disclose conflicts of interest annually. If any matter comes before the Board in such a way as to give rise to a conflict of interest, the affected Director must disclose the interest in good faith in advance of any Board action or discussion, as well as any relevant and material facts that might reasonably be construed to be adverse to Measured Progress. The affected Director must also withdraw from the meeting after fulfilling the above requirements as long as the matter is under discussion. The affected Director may not participate in any vote related to the transaction or contract in question. Form 990, Part VI, Section B, line 15 The Organization maintains a compensation program which benchmarks salaries for key employees and officers against external market data for comparable organizations. Authorization follows a formal approval process. The Executive Compensation Committee of the Board of Directors is comprised of external Board members. This group is responsible for reviewing, on an annual basis, the salaries of the President and Chief Executive Officer (CEO). The review includes consideration of external market data from comparable organizations. The Board of Directors formally approves the compensation established for the President & CEO. The establishment of key employee salaries follows a formal review and approval process, which also includes an analysis of external market data and salary surveys from comparable organizations. Form 990, Part VI, Section C, line 19 The Organization fully complies with all legal disclosure requirements and makes its governing documents, conflict of interest policy, and financial statements available upon request. Form 990, Part VI, Section A, Line 1: Daniel Caton, Karen Cowe, Alice Irby, and Mark Elgart received a stipend for serving as board members of Measured Progress, Inc. They received no compensation for services rendered to the Organization as employees or independent contractors. In accordance with IRS instructions, these individuals have been listed on Part VI, Line 1b as independent board members. Form 990, Part IX, line 11g Consulting and Temporary Labor: Program service expenses 21,659,523. Management and general expenses 3,584,676. Fundraising expenses 0. Total expenses 25,244,199. Form 990, Part XI, line 9: Change in Interest Rate Swap -686,433. Form 990, Part XII, Line 2c: The audit process has not changed from the prior year. 171 Watson Road of Dover Holding Corporation 100 Education Way Dover NH 03820 200672817 Owns land and buildings of Measured Progress, Inc. NH 501(c)(3) Line 11a, I Measured Progress Inc 1 Advanced Systems in Measurement Inc 100 Education Way Dover NH 03820 020378394 Assessment (inactive) NH Measured Progress Inc C 7215592 1.00000 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 171 Watson Road of Dover Holding Corp K 2142708 Cash Transferred