2013-05-06T14:55:26-07:00 2012-12-31 990 2012-01-01 046134355 TECHNICAL EDUCATION RESEARCH CENTERS INC TECH 6178739600 2067 Massachusetts Avenue Cambridge MA 02140 Laurie Brennan 6178739600 2013-05-09 2012 2016-02-24 21:20:13Z TERC Laurie Brennan 2067 Mass Ave Cambridge MA 02140 19794880 0 X www.terc.edu X 1965 MA Educational Research and Development 11 11 136 0 0 0 11531425 11827628 985289 650018 399063 629166 3317996 3017299 16233773 16124111 0 0 0 0 9643633 9951016 0 0 62674 6568447 6298180 16212080 16249196 21693 -125085 19228740 19634394 1935804 2042624 17292936 17591770 To Improve mathematics and science teaching and learning 0 0 12959649 0 3667317 To accomplish its mission, TERC conducts research, develops curriculum and professional development programs, and provides technical assistance to districts and schools. In 2012, TERC conducted nearly 100 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 2012, more than 2500 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 468 educational programs. 0 0 0 12959649 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 1 277 0 1 136 1 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 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 Arthur Nelson 0.5 0 X X 0 0 0 George Hein 0.5 0 X X 0 0 0 C Bernard Fulp 0.5 0 X X 0 0 0 Jonathan King 0.5 0 X 0 0 0 Carole Berotte Joseph 0.5 0 X 0 0 0 Janice Jackson 0.5 0 X 0 0 0 Hubert Dyasi 0.5 0 X 0 0 0 Penny Noyce 0.5 0 X 0 0 0 Herbert Ginsburg 0.5 0 X 0 0 0 Chris Dede 0.5 0 X 0 0 0 Roseann Tung 0.5 0 X 0 0 0 Frank Davis 40 0 X 185239 0 17153 Laurie Brennan 36 0 X 127576 0 11285 Ann Rosebery 40 0 X 141608 0 14618 Beth Warren 40 0 X 141353 0 14618 Joni Falk 40 0 X 139131 0 17534 Brian Drayton 40 0 X 134548 0 22552 Diana Nunnaley 40 0 X 120729 0 11790 990184 0 109550 16 0 1 0 Trivium Consulting PO Box 38859 Baltimore MD 212318859 Strategic Grant Services 105111 1 0 0 0 0 11330324 497304 0 11827628 Workshops 900099 650018 650018 0 0 0 0 0 0 650018 435176 0 0 435176 0 0 0 0 2975419 2975419 0 0 0 0 3864759 0 3670769 0 193990 0 193990 0 0 193990 0 Other 900099 41880 41880 0 0 0 0 0 0 41880 16124111 3667317 0 629166 0 0 0 0 0 0 0 0 341253 0 341253 0 0 0 0 0 7521720 6038945 1464206 18569 465353 358468 105836 1049 997745 789385 206036 2324 624945 481404 142132 1409 0 0 0 0 22898 0 22898 0 43156 0 43156 0 0 0 0 0 0 0 87727 87727 0 0 23799 0 23799 0 0 0 0 0 344156 238204 105894 58 0 0 0 0 0 0 0 0 1384979 1002459 378513 4007 336578 305096 29612 1870 0 0 0 0 63198 56988 6210 0 0 0 0 0 0 0 0 0 387023 299737 86383 903 43527 0 43527 0 Consultants 1320096 1169927 117684 32485 Subawards 1367456 1367456 0 0 Outside services 713272 647374 65898 0 160315 116479 43836 0 16249196 12959649 3226873 62674 255623 178860 2104912 1108301 0 0 2934454 2639118 0 0 0 0 0 0 0 0 229133 224557 2554927 2254496 463226 300431 13205781 15147516 0 0 0 0 0 0 35611 35611 19228740 19634394 1839852 1899454 0 0 49856 108779 0 0 0 0 0 0 0 0 0 0 46096 34391 1935804 2042624 X 17260399 17591770 32537 0 0 0 17292936 17591770 19228740 19634394 -125085 423919 0 0 0 0 X 0 1 X 1 1 1 X 9775363 10365514 10895179 11531425 11827628 54395109 0 0 0 0 0 0 0 0 0 0 0 0 9775363 10365514 10895179 11531425 11827628 54395109 54395109 3352350 5258127 3741818 3633937 3604585 19590817 1563987 1602130 1048799 1068411 691898 5975225 79961151 0 0.68027 0.64615 X Workshops revenue and other revenue RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 1459432 0 1425813 33619 1074449 0 819996 254453 21046 0 8687 12359 300431 0 other current liabilities 34391 34391 X 16548030 423919 0 0 0 423919 16124111 0 0 0 16124111 16249196 0 0 0 0 0 16249196 0 0 0 16249196 SchD_P10_S00_L02 Schedule D, Part X, Line 2 TERC follows the Accounting for Uncertainty in Income Taxes standard which requires TERC to report uncertain tax positions, related interest and penalties, and to adjust its assets and liabilities related to unrecognized tax benefits and accrued interest and penalties accordingly. For the years ended December 31, 2012 and 2011, TERC determined that there were no material unrecognized tax benefits to report. TERC files returns in the United States (Federal) and Massachusetts (State) jurisdictions. These returns are generally subject to examination by tax authorities for the last three years. X X X X X X 0 0 0 0 0 0 0 0 0 Frank Davis 185239 0 0 0 0 0 0 0 17153 0 202392 0 0 0 Ann Rosebery 141608 0 0 0 0 0 0 0 14618 0 156226 0 0 0 Beth Warren 141353 0 0 0 0 0 0 0 14618 0 155971 0 0 0 Joni Falk 139131 0 0 0 0 0 0 0 17534 0 156665 0 0 0 Brian Drayton 134548 0 0 0 0 0 0 0 22552 0 157100 0 0 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Out of the 11 trustees of the board two are "members" who are individuals. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Pursuant to the Bylaws of the organization, the members have the right to elect the Board of Trustees, but if the members fail to do so, the Board of Trustees may do so. However, at the request of the members the members and the Board of Trustees jointly elect the members of the Board of Trustees. F990_P06_S0B_L11b 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 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, a copy of the 990 is sent to the full TERC Board for their information with a note conveying the review process for the 990 and that the form will next be sent to the IRS. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 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. F990_P06_S0C_L19 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) TERC Statement of Financial Position is published on TERC website www.terc.edu 4)Available upon request. TERC documents of incorporation are available for inspection in the Attorney General office. An inspection of these documents at TERC office can be requested. TERC conflict of interest policy is available for inspection only at TERC office. Educational Venture Inc 2067 Massachusetts Avenue Cambridge MA 02140 043372257 Educational research and Development MA Technical Education Research Centers Inc C 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0