2014-05-27T10:25:16-07:00 2013-12-31 990 2013-01-01 046134355 TECHNICAL EDUCATION RESEARCH CENTERS INC TECH 6178739600 2067 Massachusetts Avenue Cambridge MA 02140 Laurie Brennan COO 6178739600 2014-05-27 2013 2015-11-30 17:44:51Z TERC Laurie Brennan 2067 Massachusetts Avenue Cambridge MA 02140 17710246 0 X www.terc.edu X 1965 MA Educational Research and Development 9 9 126 0 0 0 11827628 10385434 650018 599920 629166 711219 3017299 2594218 16124111 14290791 0 0 0 0 9951016 9379434 0 0 51423 6298180 5402952 16249196 14782386 -125085 -491595 19634394 20405625 2042624 1717103 17591770 18688522 To Improve mathematics and science teaching and learning 0 0 11700127 3194138 To accomplish its mission, TERC conducts research, develops curriculum and professional development programs, and provides technical assistance to districts and schools. In 2013, TERC conducted nearly 70 research and development initiatives that served learners in K-12 classrooms, museums, afterschool programs, community colleges, adult education centers, universities, and other research institutions. Each year, TERC programs and products reach more than 3.5 million students. In 2013, more than 1800 educators participated in TERC workshops and seminars. TERC also develops and maintains electronic networks, including the IGERT Resource Center and MSPnet, which support collaboration among the participants of 518 educational programs. 0 0 0 11700127 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 305 0 1 126 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X X Technical Education Research Centers Inc 6178739600 2067 Massachusetts Avenue Cambridge MA 02140 George Hein Chairman 0.5 0 X X 0 0 0 C Bernard Fulp Tresurer 0.5 0 X X 0 0 0 Chris Dede Trustee 0.5 0 X 0 0 0 Hubert Dyasi Trustee 0.5 0 X 0 0 0 Herbert Ginsburg Trustee 0.5 0 X 0 0 0 Louis Gomez Trustee 0.5 0 X 0 0 0 Janice Jackson Trustee 0.5 0 X 0 0 0 Jonathan King Trustee 0.5 0 X 0 0 0 Roseann Tung Trustee 0.5 0 X 0 0 0 Frank Davis President 40 0 X 185796 0 17678 Laurie Brennan COO 36 0 X 129593 0 11519 Joni Falk Work Unit Leader 40 0 X 142768 0 18464 Brian Drayton Work Unit Leader 40 0 X 138290 0 23759 Ann Rosebery ERC director 36 0 X 136457 0 14404 Beth Warren ERC director 36 0 X 136214 0 14404 Diana Nunnaley Program Leader 40 0 X 123717 0 12204 992835 0 112432 19 0 1 0 0 0 0 0 9784633 600801 0 10385434 Workshops 900099 599920 599920 0 0 0 0 0 0 599920 417078 0 0 417078 0 0 0 0 2550812 2550812 0 0 0 0 3713596 0 3419455 0 294141 0 294141 0 0 294141 0 Other 900099 43406 43406 0 0 0 0 0 0 43406 14290791 3194138 0 711219 344586 344586 7125395 5770727 1344689 9979 331454 256871 74135 448 986103 786840 197892 1371 591896 458709 132387 800 85181 85181 45800 45800 107994 107994 25617 25617 253370 157312 96058 1380853 1009272 369428 2153 335241 306260 28981 17015 10598 6417 208095 150534 57305 256 46447 46447 Consultants 934487 783585 114502 36400 Subawards 1161551 1161551 0 0 Outside Services 619560 578933 40611 16 181741 160941 20800 14782386 11700127 3030836 51423 178860 348299 1108301 9022 0 0 2639118 2343030 0 0 0 0 0 0 0 0 224557 209850 1864770 1574911 300431 289859 15147516 17169954 0 0 0 0 0 0 35611 35611 19634394 20405625 1899454 1468358 0 0 108779 230065 0 0 0 0 0 0 0 0 0 0 34391 18680 2042624 1717103 X 17591770 18651458 0 37064 0 0 17591770 18688522 19634394 20405625 -491595 1588347 0 0 0 0 X 1 X 1 X 1 1 1 X 10365514 10895179 11531425 11827628 10385434 55005180 0 0 0 0 0 0 0 0 0 0 10365514 10895179 11531425 11827628 10385434 55005180 55005180 5258127 3741818 3633937 3604585 3262031 19500498 1602130 1048799 1068411 691898 643326 5054564 79560242 0.69137 0.68027 X Schedule A, Part II, Line 10 Workshops revenue and other revenue RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 590152 0 561337 28815 1253572 0 1002781 250791 21046 0 10793 10253 289859 0 Other current liabilities 18680 18680 X 15879138 1588347 0 0 0 1588347 14290791 0 0 0 14290791 14782386 0 0 0 0 0 14782386 0 0 0 14782386 Schedule D, Part X, Line 2 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, 2013 and 2012. TERC information returns are subject to examination by the Federal and state Jurisdictions and generally remain open for the most recent three years. X X X X X X 0 0 0 0 0 0 0 0 0 Frank Davis President 185796 0 0 0 0 0 0 0 17678 0 203474 0 0 0 Brian Drayton Work Unit Leader 138290 0 0 0 0 0 0 0 23759 0 162049 0 0 0 Joni Falk Work Unit Leader 142768 0 0 0 0 0 0 0 18464 0 161232 0 0 0 Ann Rosebery ERC director 136457 0 0 0 0 0 0 0 14404 0 150861 0 0 0 Beth Warren ERC director 136214 0 0 0 0 0 0 0 14404 0 150618 0 0 0 Form 990, Part VI, Section B, Line 11b Review Process: The Director of Finance completes the majority of the form with input from the Director of HR and COO. The COO reviews the completed form. Once approved by the COO, the Board Finance Committee (BFC) is sent a draft copy of the form and a meeting or a telephone conference call is scheduled. The Director of Finance and COO present the 990 to the committee, discussing each section and answering any questions the committee may have. The BFC approves the submission of the 990 to the IRS. Once that approval is obtained the Director of Finance submits the 990 form electronically to the IRS. A final copy of the 990 is sent to the full TERC Board for their information with a note conveying the review process for the 990. Form 990, Part VI, Section B, Line 12c Annually the Conflict of Interest Statement Policy adopted by the Board of Trustees is distributed to each trustee, with a request to submit annually to the Clerk of the corporation a list of all corporate Boards on which the trustee serves and other companies/entities with which the trustee has a business/personal relationship. The Clerk forwards a copy of each trustee submittal to the President, who thereafter distributes a copy of each submittal to the COO and the Director of Finance. Each of the President, COO and Director of Finance, upon becoming aware of a potential conflict of interest, would advise the trustee of same. The Policy directs a trustee to report a potential conflict to the Chairperson of the Board of Trustees, who would then refer the matter to the Governance Committee of the Board. The Governance Committee would consider and resolve the matter by a majority vote of the Committee. The Minutes of the Governance Committee considering any such matter would be reported to the full Board at its next meeting and filed by the Clerk with the corporate records. Form 990, Part VI, Section B, Line 15 Compensation review for President: The process for determining compensation for the President is conducted by an independent group consisting of members of the Board of Trustees. Care is taken to ensure that there is no conflict of interest with respect to Board members selected to conduct the review. Recommendations for compensation are presented to and approved in Executive Session of the Board at its February meeting. Increases approved are retroactive to the first pay period in February. As part of its review the Board subcommittee requests of the Director of Human Resources (DHR) compensation data on similarly qualified persons in functionally comparable positions at similarly situated organizations. The comparability is based on a comparison of the job duties of the President with a similarly situated position at another organization similar to TERC in size, nonprofit status, and overall mission. The DHR obtains this data from (1) 990s filed with Guidestar and (2) a commissioned study from professional compensations consultants. The last commissioned study occurred in 2010. The result of the review of the compensation for the President is recorded by the chair of the subcommittee and forwarded to the DHR for placement in the personnel file of the President. A letter from the Chair of the Board of Trustees serves as instruction to process the salary increase. - Compensation review for Chief Operating Officer: The compensation for The Chief Operating Officer (COO) is determined by the President, to whom the COO reports. As with all positions at TERC, the appropriate range for the position is determined through a compensation study conducted by an independent consultant, using survey data from comparable organizations and matched with the job responsibilities and level of experience required to fulfill the COO position. The last compensation survey was conducted in 2010. The salary of the COO is reviewed by the President annually as part of the salary review process. Any recommendation for a raise based on new duties assumed or extraordinary growth in the position is documented by the President and presented to the Salary Committee for review. The COO, who is a member of the Salary Committee, recuses herself from deliberations on her salary. Documentation on the final salary is maintained in the office of the Director of Human Resources. Form 990, Part VI, Section C, Line 19 TERC financial information is available to the public via the following channels: 1) TERC 990 form, Form PC and Audited Financial Statements are available on the official website of Attorney General of Massachusetts. 2) A summary of TERC financial statements is available on Dun & Bradstreet website www.dnb.com 3)Available upon request. Educational Venture Inc 2067 Massachusetts Avenue Cambridge MA 02140 043372257 Educational research and Development MA Technical Education Research Centers Inc C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0