2013-01-30T13:40:10-06:00 2012-06-30 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2011-07-01 042505372 CHARLES STARK DRAPER LABORATORY INC CHAR 6172581000 555 TECHNOLOGY SQUARE MS 34 CAMBRIDGE MA 02139 ELIZABETH MORA 6172581000 2013-01-18 1 JOYCE RIPIANZI P00548581 9785575300 2011 2016-02-25 16:41:14Z ELIZABETH MORA 555 TECHNOLOGY SQUARE MS 34 CAMBRIDGE MA 02139 561613836 0 X WWW.DRAPER.COM X 1973 MA PIONEER IN THE APPLICATION OF SCIENCE AND TECHNOLOGY IN THE NATIONAL INTEREST. 15 14 1760 0 0 0 6944976 7288039 520983129 506190928 7068515 4628913 8570080 9560432 543566700 527668312 0 0 0 0 200582461 207336452 0 0 0 338577785 308421701 539160246 515758153 4406454 11910159 479582451 496845745 176710000 214776803 302872451 282068942 X TO SERVE THE NATIONAL INTEREST IN APPLIED RESEARCH, ENGINEERING DEVELOPMENT, EDUCATION, AND TECHNOLOGY TRANSFER BY HELPING OUR SPONSORS CLARIFY THEIR REQUIREMENTS AND CONCEPTUALIZE INNOVATIVE SOLUTIONS TO THEIR PROBLEMS. DEMONSTRATING THOSE SOLUTIONS THROUGH THE DESIGN AND DEVELOPMENT OF FIELDABLE ENGINEERING PROTOTYPES. TRANSITIONING OUR PRODUCTS AND PROCESSES TO INDUSTRY FOR PRODUCTION, AND PROVIDING FOLLOW-ON SUPPORT. PROMOTING AND SUPPORTING ADVANCED TECHNICAL EDUCATION. 0 0 340478239 364056685 STRATEGIC SYSTEMS:TO HELP THE NAVY'S STRATEGIC GUIDANCE PROGRAM ACHIEVE HIGHER RELIABILITY AND LOWER LIFE-CYCLE MAINTENANCE COSTS THROUGH MK6 LIFE EXTENSION (MK6LE) EFFORTS. DRAPER HAS BEEN DEVELOPING NEW DESIGNS FOR CRITICAL SENSORS. 37118559 39116694 TACTICAL SYSTEMS:THE TACTICAL SYSTEMS PROGRAM AREA ADAPTS DRAPER'S STRENGTHS IN STRATEGIC AND MANNED SPACE SYSTEMS TO THE CRITICAL NEEDS OF TACTICAL FORCES IN THE ARMY, NAVY, AIR FORCE, AND MARINE CORPS. TACTICAL SYSTEMS FOCUSES DRAPER'S CAPABILITIES IN AUTONOMY, ACCURACY, AND AWARENESS IN THE DOMAINS OF SOLDIER SYSTEMS, MUNITIONS GN&C, MISSILE DEFENSE GN&C, AND UNDERSEA SYSTEMS. 61854035 68038914 SPECIAL OPERATIONS:DRAPER'S SPECIAL OPERATIONS DIRECTORATE IS DEDICATED TO IMPROVING U.S. CAPABILITIES IN RELIABLE INTELLIGENCE AND SPECIAL OPERATIONS. SPECIAL OPERATIONS DEVELOPS CONCEPTS, PROTOTYPES, LOW-RATE PRODUCTION, AND FIELD SUPPORT FOR FIRST-OF-A-KIND SYSTEMS FOR OUR SPONSORS. 29368879 34978635 SPACE SYSTEMSTHE ENGINEERS AT THE MIT INSTRUMENTATION LABORATORY, WHICH LATER BECAME DRAPER LABORATORY, WERE RESPONSIBLE FOR DESIGNING THE GUIDANCE, NAVIGATION AND CONTROL SYSTEM FOR THE APOLLO PROGRAM, INCLUDING THE APOLLO'S GUIDANCE COMPUTER- ONE OF THE FIRST APPLICATIONS OF THE INTEGRATED CIRCUIT. DRAPER'S ENGINEERING ACCOMPLISHMENTS, IN-PART, ENABLED THE SUCCESS OF THE APOLLO MISSIONS, AND PAVED THE WAY FOR DRAPER'S CONTINUED ROLE IN MODERN SPACE FLIGHT.DRAPER'S SPACE PROGRAMS FOCUS ON THE NATION'S NEED FOR ADVANCED DEVELOPMENT OF AUTONOMOUS AND HIGHLY RELIABLE SYSTEMS. DRAPER IS LEVERAGING OUR WORLD-CLASS EXPERTISE IN GN&C TO ADDRESS THE FUTURE NEEDS OF HUMAN SPACE EXPLORATION, SPACE SCIENCE, AND MILITARY SPACE APPLICATIONS. FUTURE VEHICLES AND MISSIONS WILL REQUIRE COMBINATIONS OF ADVANCED GN&C TECHNOLOGIES, INCLUDING HIGH PERFORMANCE, HIGH RELIABILITY, SIGNIFICANT AUTONOMY, AND LOWWEIGHT, LOW-POWER AVIONICS.OTHER PROGRAMSEMPLOITING THE SYNERGY BETWEEN ENGINEERING AND THE LIFE SCIENCES, DRAPER IS WORKING ON SOME OF TODAY'S MOST CRITICAL HEALTHCARE PROBLEMS AND PARTNERING WITH LEADING MEDICAL AND RESEARCH INSTITUTIONS AND PHARMACEUTICAL ORGANIZATIONS TO DEVELOP INNOVATIVE DIAGNOSTICS AND THERAPIES FOR CLINICAL AND DEFENSE NEEDS.UNDER CONTRACT TO THE MILITARY, DRAPER IS DEVELOPING TECHNOLOGIES TO ADDRESS TRAUMATIC BRAIN INJURY, MASSIVE INTERNAL HEMORRHAGING, DETECTION OF INFECTIOUS PATHOGENS LIKE MALARIA, AND RAPID DIAGNOSIS OF ENVIRONMENTAL PATHOGENS AND TOXINS. FOR HEALTHCARE AT HOME, DRAPER IS WORKING ON DETECTION OF EPILEPTIC SEIZURES, EARLY DETECTION OF THE ONSET OF SEPSIS, PAINLESS METHODS OF MONITORING HYPOGLYCEMIA OR HYPERGLYCEMIA FOR DIABETICS, MEANS TO PREVENT HEARING LOSS FOR PATIENTS UNDERGOING CHEMOTHERAPY, TOOLS TO REMOVE VOCAL CORDS TUMORS WHILE MINIMIZING SPEECH LOSS, AND DEVELOPING SURGICAL INSTRUMENTS TO REMOVE DISEASED ORGANS WITHOUT BREAKING THE SKIN.TWO PROGRAMS ARE INVESTIGATING MEANS TO DEVELOP VERY LOW-COST BUT RAPID DETECTION OF ACTIVE TUBERCULOSIS, A DEVICE THAT WILL BE USED IN THIRD-WORLD COUNTRIES. DRAPER IS ALSO SUPPORTING PHARMACEUTICAL AND BIOLOGICAL RESEARCHERS IN DETECTING DRUG TOXICITY TO PREVENT ILLNESSOR DEATH FROM NEW DRUGS, IMAGING SYSTEMS THAT WILL ACCELERATE THE DEVELOPMENT OF STEM CELLS, AND DEVELOPING A SENSOR SO SMALL IT CAN DETECT THE EFFECT OF NEW DRUGS INSIDE LIVING CELLS. 29368879 34978635 468819712 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 247 0 1 1760 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA X PATRICIA MCLAUGHLIN 6172581000 555 TECHNOLOGY SQUARE MS 34 CAMBRIDGE MA 02139 WILLIAM F BALLHAUS JR 4.00 X 32125 0 0 DELORES M ETTER 3.00 X 39657 0 0 JOHN A GORDON 8.00 X X 72660 0 0 SHERWIN GREENBLATT 4.00 X 24015 0 0 MIRIAM E JOHN 3.00 X 34750 0 0 FRANKLIN C MILLER 3.00 X 36666 0 0 GEORGE M MILNE JR 4.00 X 40162 0 0 M ELISABETH PATE-CORNELL 3.00 X 23000 0 0 C BRUCE TARTER THRU 10511 4.00 X 23377 0 0 PETER B TEETS 3.00 X 36891 0 0 RICHARD D WHITE 4.00 X 34182 0 0 JAMES D SHIELDS 40.00 X X 607468 0 50613 FRANK H AKERS JR 3.00 X 28750 0 0 DANIEL E HASTINGS 3.00 X 36204 0 0 RICHARD T ROCA 3.00 X 11482 0 0 JOHN R DOWDLE 40.00 X 349111 0 42915 ELIZABETH MORA 40.00 X 370717 0 35401 LEN POLIZZOTTO 40.00 X 329149 0 49958 DARRYL G SARGENT 40.00 X 348893 0 42637 JOHN W STILLWELL 40.00 X 359103 0 61660 MELINDA J BROWN 40.00 X 217526 0 22293 STEVEN DITULLIO 40.00 X 289886 0 42402 PAUL ROSENSTRACH 40.00 X 249326 0 47511 JACK BARRY 40.00 X 231819 0 43100 PAUL R BLASCHE 40.00 X 289673 0 49531 WILLIAM L O'CONNOR 40.00 X 253457 0 39533 NEIL ADAMS 40.00 X 249160 0 51706 FRANK J SERNA 40.00 X 252667 0 50753 PHILIP S BABCOCK IV 40.00 X 244868 0 44099 5116744 0 674112 838 0 1 0 MRAC LLC 19 LINWOLD DR WEST HARTFORD CT 06107 CONSULTING SERVICES 2292565 GOODWIN PROCTER LLP 53 STATE STREET BOSTON MA 02109 LEGAL SERVICES 963633 PATRICK CORRIGAN AND ASSOCIATES 71 KING STREET NASHUA NH 03060 CONSTRUCTION 320898 ROPES & GRAY LLP 800 BOYLSTON STREET BOSTON MA 02199 LEGAL SERVICES 302382 COOPERSTOWN ENVIRONMENTAL LLC 19 DALE ST STE 202 ANDOVER MA 01810 ENVIRONMENTAL CONSULTANT 275674 11 6791003 497036 7288039 PROGRAM SERVICE REVENU 541700 506190928 506190928 506190928 1542067 1542067 736766 736766 12293637 3469971 8823666 8823666 8823666 33539205 23194 30416919 58634 3122286 -35440 3086846 3086846 527668312 506190928 0 14189345 4379039 4379039 149565587 134274642 15290945 13183882 11653210 1530672 29885296 26463646 3421650 10322648 8616827 1705821 1849352 1849352 335883 335883 411813 411813 11910066 9101994 2808072 64694 64694 1150038 1014389 135649 5789989 4610939 1179050 156252 156252 7008599 2583726 4424873 5910329 5237652 672677 178986 93463 85523 4272697 -197981 4470678 18371531 13622212 4749319 781146 59665 721481 SUBCONTRACTS 212670022 212249786 420236 OTHER INDIRECT 20045334 22514682 -2469348 OTHER MATERIALS 15714445 15320113 394332 OTHER EQUIPMENT 1261732 1007001 254731 538793 437494 101299 515758153 468819712 46938441 0 35602978 46898012 27928252 32090927 17210731 13652256 341331638 159500217 187803516 181831421 162212018 167556950 48824956 54816179 479582451 496845745 61176169 69705107 9362941 11416534 79128791 79182924 27042099 54472238 176710000 214776803 X 0 0 0 0 302872451 282068942 302872451 282068942 479582451 496845745 X 11910159 -32713668 X X 0 1 1 X 1 1 X 1522028 1986426 3734351 6944976 7288039 21475820 6555832 4123470 14781224 3736752 3630186 32827464 8077860 6109896 18515575 10681728 10918225 54303284 54303284 13381179 15518887 12940432 15638595 14189345 71668438 125971722 0.43110 0.40900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6091 6091 515752062 515758153 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 3619 8436 20011 6091 38157 250000 250000 250000 250000 1000000 1500000 32984487 32984487 170209197 54728995 115480202 7762823 2983186 4779637 126139566 100790042 25349524 4235565 997994 3237571 181831421 CASH AND MONEY MARKET MUTUAL FUNDS 695488 F U.S. INVESTMENT-GRADE FIXED INCOME FUNDS 59120870 F U.S. LARGE CAP EQUITY HOLDINGS 43215040 F U.S. SMALL CAP MUTUAL FUND 20410088 F U.S. TREASURY AND FIXED INCOME HOLDINGS 10042271 F GLOBAL EQUITY FUNDS 33516075 F INSURANCE CONTRACTS AND OTHER 403537 F OTHER INVESTMENTS 153581 C 167556950 CONSTRUCTION IN PROGRESS 7013854 MISCELLANEOUS A/R 516273 UNBILLED CONTRACT COSTS AND FEES 46829863 DEPOSITS 456189 54816179 ACCRUED POST RETIREMENT BENEFITS 54472238 54472238 527668312 515758153 11910159 -1572698 -31140970 -32713668 -20803509 494386579 -1572699 -31140970 -32713669 527100248 411813 156252 568065 527668313 515190088 0 515190088 411813 156252 568065 515758153 PART XI, LINE 8 - OTHER ADJUSTMENTS: FAS 158 PENSION & POST RETIREMENT PLAN PART XII, LINE 2D - OTHER ADJUSTMENTS: FAS 158 PENSION & POST RETIREMENT PLAN -31,140,970. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROYALTIES PAID 156,252. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ROYALTIES PAID 156,252. PART XI LINE 8 - FAS 158 PENSION & POST RETIREMENT PLAN $(31,140,969) PART XII LINE 4B: ROYALTIES PAID $156,252 PART XIII LINE 4B: ROYALTIES PAID $156,525 EUROPE 0 0 TRAVEL EXPENSES RESEARCH 336348 EUROPE 0 0 PURCHASES MATERIALS 885674 ASIA 0 0 TRAVEL EXPENSES RESEARCH 55538 ASIA 0 0 PURCHASES MATERIALS 1116 AUSTRALIA 0 0 PURCHASES MATERIALS 3911 NORTH AMERICA 0 0 TRAVEL EXPENSES RESEARCH 29821 NORTH AMERICA 0 0 PURCHASES MATERIALS 77402 0 0 0 0 0 0 1389810 0 1389810 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: NATURE OF ACTIVITIES IS NOT GRANT/ASSISTANCE BASED BUT IS PURCHASES OF MATERIALS AND SERVICES IN FURTHERANCE OF DRAPER'S EXEMPT PURPOSE. X X X 1 1 X X X 0 0 0 1 0 0 0 0 0 JAMES D SHIELDS 490628 0 84378 0 32462 0 24905 0 25708 0 658081 0 0 0 JOHN R DOWDLE 297174 0 39501 0 12436 0 24488 0 18427 0 392026 0 0 0 ELIZABETH MORA 311966 0 42836 0 15915 0 24266 0 11135 0 406118 0 0 0 LEN POLIZZOTTO 284243 0 39538 0 5368 0 24324 0 25634 0 379107 0 0 0 DARRYL G SARGENT 301945 0 34767 0 12181 0 24298 0 18339 0 391530 0 0 0 JOHN W STILLWELL 286726 0 41266 0 31111 0 24488 0 37172 0 420763 0 0 0 MELINDA J BROWN 178511 0 24436 0 14579 0 19389 0 2904 0 239819 0 0 0 STEVEN DITULLIO 236533 0 35459 0 17894 0 24626 0 17776 0 332288 0 0 0 PAUL ROSENSTRACH 205220 0 20869 0 23237 0 23826 0 23685 0 296837 0 0 0 JACK BARRY 189179 0 27565 0 15075 0 24194 0 18906 0 274919 0 0 0 PAUL R BLASCHE 228650 0 31943 0 29080 0 24410 0 25121 0 339204 0 0 0 WILLIAM L O'CONNOR 209997 0 29370 0 14090 0 22798 0 16735 0 292990 0 0 0 NEIL ADAMS 203305 0 24894 0 20961 0 23435 0 28271 0 300866 0 0 0 FRANK J SERNA 214610 0 25181 0 12876 0 23639 0 27114 0 303420 0 0 0 PHILIP S BABCOCK IV 202469 0 23630 0 18769 0 22955 0 21144 0 288967 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL FOR BOARD MEMBERS, OFFICERS, AT THEIR CHOOSING, HAS BEEN A STANDING POLICY SINCE 1996. TAX INDEMNIFICATION AND GROSS UP PAYMENTS EXIST UNDER OUR NEW HIRE/EMPLOYEE RELOCATION POLICY WHERE CERTAIN COSTS MIGHT BE CHARACTERIZED AS TAXABLE INCOME, THE LABORATORY WILL REIMBURSE THE EMPLOYEE FOR ANY TAX EFFECT ASSOCIATED WITH THE MOVE. 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. PART II (C): DISCLOSED OFFICERS (JAMES D. SHIELDS, JOHN W. STILLWELL, DARRYL G. SARGENT, ELIZABETH MORA, JOHN R. DOWDLE AND LEN POLIZZOTTO) PARTICIPATE IN A DEFINED BENEFIT PENSION PLAN IN ADDITION TO A SUPPLEMENTAL RETIREMENT PLAN. ACCRUED EARNINGS CANNOT BE DETERMINED DUE TO A NUMBER OF FACTORS AND ASSIGNING A CORRESPONDING DOLLAR FIGURE WAS NOT DEEMED TO BE ACTUARIALLY OR FISCALLY PRACTICAL. PART I, LINE 5 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. APPROXIMATELY 35-45 PERSONNEL MAY BE ELIGIBLE IN A GIVEN YEAR. THE PROGRAM IS BASED ON FOUR METRICS: SPONSOR SATISFACTION, SPONSORED REVENUE GROWTH AND COST MANAGEMENT, HUMAN CAPITAL MANAGEMENT FOCUSED ON RETENTION AND DIVERSITY AND QUALITY OF THE SPONSORED AND INDEPENDENT RESEARCH AND DEVELOPMENT PROGRAMS. ALL PARTICIPANT AWARDS ARE REVIEWED BY THE PRESIDENT OF THE LABORATORY AND REPORTED TO THE BOARD ANNUALLY. MASSACHUSETTS DEVELOPMENT 043431814 57583RB53 2008-10-23 80000000 REFINANCING $72,800,000 SERIES 2000 BONDS 0 0 0 78997809 5877809 320000 5877809 2010 1 0 0 1 0 0 1 0 0 0.00010 0.03130 0.03140 0 0 0 0 0 0 0 VINCENT VITTO FORMER CEO 100000 CONSULTING CONTRACT 0 FORM 990, PART VI, SECTION A, LINE 6 SEE RESPONSE TO QUESTION 7A. FORM 990, PART VI, SECTION A, LINE 7A 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 THE 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 ORGANIZATION OR THE BYLAWS. ANY ELECTION IS DETERMINED BY A PLURALITY OF VOTES CAST EXCEPT WHERE REQUIRED BY LAW, THE ARTICLES OR THE 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, SECTION B, LINE 11 MFA PREPARES THE FORM 990 USING INFORMATION PROVIDED BY DRAPER. PRIOR TO PROVIDING THE 990 TO THE GOVERNING BODY, THE DIRECTOR OF AUDIT AND COMPLIANCE PERFORMS AN INITIAL REVIEW. THE CFO AND PRESIDENT THEN PERFORM THEIR OWN REVIEWS OF THE DOCUMENT. A COPY OF THE 990 IS THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS VIA THE ORGANZATIONS INTRANET AND A PRESENTATION IS GIVEN TO THE AUDIT COMMITTEE. A FINAL REVIEW IS PERFORMED BY THE CFO AND CEO, AND THEN THE FORM 990 IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, 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 THE LABORATORY AND THE BOARD MEMBERS. BASED ON DATA PROVIDED BY DIRECTORS AND OFFICERS, LABORATORY MAINTAINS A MATRIX OF BOARD POSITIONS, AFFILIATIONS AND ORGANIZATIONS WITH WHOM THE DIRECTORS MAY HAVE A RELATIONSHIP REQUIRING DISCLOSURE. COMPLIANCE, AND LEGAL IF NEEDED, REVIEWS DISCLOSURES FOR POTENTIAL RELATIONSHIPS MEETING DISCLOSURE REQUIREMENTS. OUTSIDE TAX FIRM PERSONNEL MAY ALSO BE CONSULTED. FORM 990, PART VI, SECTION B, LINE 15 DRAPER MAINTAINS TWO FULL TIME PERSONNEL WHO ARE RESPONSIBLE FOR COMPILATION, ANALYSIS AND MANAGEMENT OF THE COMPENSATION BUDGET PROCESS. THEY PARTICIPATE 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. THE COMPENSATION BUDGET AS A WHOLE IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL AND INCLUDES A PRESENTATION ON HEADCOUNT, UPCOMING RESEARCH ACTIVITIES AND SPONSOR AWARDS BOTH IN PROCESS AND ANTICIPATED. THE COMPENSATION COMMITTEE ALSO VOTES TO APPROVE THE COMPENSATION OF THE CEO AND OFFICERS BASED ON THEIR SURVEYS WHICH INCLUDES THIRD PARTY SURVEYS OF LABORATORIES THROUGHOUT THE COUNTRY. FORM 990, PART VI, SECTION C, LINE 18 DRAPER PUBLISHES AN ANNUAL REPORT AVAILABLE TO THE PUBLIC UPON REQUEST. DRAPER ALSO MAINTAINS A LINK ON GOVERNANCE ON ITS WEBSITE AT WWW.DRAPER.COM. FORM 990, PART VI, SECTION C, LINE 19 DRAPER PUBLISHES AN ANNUAL REPORT AVAILABLE TO THE PUBLIC UPON REQUEST. DRAPER ALSO MAINTAINS A LINK ON GOVERNANCE ON ITS WEBSITE AT WWW.DRAPER.COM. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,572,698. FAS 158 PENSION & POST RETIREMENT PLAN -31,140,970. TOTAL TO FORM 990, PART XI, LINE 5: -32,713,668. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. TAX YEAR THE ORGANIZATION FISCAL CALENDAR 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, 2012 AND CONTAINED 52 WEEKS. ONE HAMPSHIRE CONDO TRUST C/O 555 TECH SQ MS 34 CAMBRIDGE MA 02139 566655561 REAL ESTATE MA THE CHARLES STARK DRAPER LABORATORY INC T 0.80150 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 ONE HAMPSHIRE CONDO TRUST O 1613935 ONE HAMPSHIRE CONDO TRUST P 1682644