2022-11-09T08:25:26-06:00 2021-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-01-01 046134355 TERC INC TERC 6178739600 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 LAURIE BRENNAN PRESIDENT 6178739600 2022-11-08 1 LAURIE BRENNAN XXX-XX-XXXX KATIE BELANGER CPA P01585213 5083669100 2022-11-08 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z LAURIE BRENNAN 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 17508955 0 X WWW.TERC.EDU X 1965 MA TERC WORKS AT THE FRONTIERS OF THEORY AND PRACTICE TO DEVELOP A DEEPER UNDERSTANDING OF LEARNING AND TEACHING; ENHANCE INSTRUCTION THROUGH TEACHER PROFESSIONAL DEVELOPMENT; DEVELOP APPLICATIONS OF NEW TECHNOLOGIES IN EDUCATION; CREATE CURRICULA AND OTHER PRODUCTS; AND SUPPORT REFORM IN BOTH INSTITUTIONAL AND INFORMAL SETTINGS. 12 12 96 10 0 0 8719073 10648796 152453 385282 1414218 1511817 1593422 1107275 11879166 13653170 0 0 0 0 9122801 9162445 0 0 34049 4077076 4303650 13199877 13466095 -1320711 187075 20426364 20874819 3111598 1746849 17314766 19127970 X TERC WORKS AT THE FRONTIERS OF THEORY AND PRACTICE TO DEVELOP A DEEPER UNDERSTANDING OF LEARNING AND TEACHING; ENHANCE INSTRUCTION THROUGH TEACHER PROFESSIONAL DEVELOPMENT; DEVELOP APPLICATIONS OF NEW TECHNOLOGIES IN EDUCATION; CREATE CURRICULA AND OTHER PRODUCTS; AND SUPPORT REFORM IN BOTH INSTITUTIONAL AND INFORMAL SETTINGS. 0 0 10028101 1477793 TERC IS A CAMBRIDGE, MA BASED NONPROFIT MADE UP OF TEAMS OF FORWARD-THINKING STEM EXPERTS DEDICATED TO INNOVATION AND CREATIVE PROBLEM SOLVING. TERC BELIEVES GREAT FUTURES ARE BUILT THROUGH MATH AND SCIENCE. FOR MORE THAN 50 YEARS, TERC HAS TAKEN A LEARNER-CENTERED APPROACH TO EDUCATION IN BOTH FORMAL AND INFORMAL SETTINGS. AT THE FRONTIER OF THEORY AND PRACTICE, TERC'S WORK ENCOMPASSES RESEARCH, CONTENT AND CURRICULUM DEVELOPMENT, TECHNOLOGY INNOVATION, PROFESSIONAL DEVELOPMENT, AND PROGRAM EVALUATION. THROUGH TERC'S CURRICULA AND PROGRAMS, STUDENTS DEVELOP THE KNOWLEDGE AND SKILLS NEEDED TO ASK QUESTIONS, SOLVE PROBLEMS, AND EXPAND THEIR OPPORTUNITIES. TERC'S PROFESSIONAL DEVELOPMENT HELPS TEACHERS AND FACILITATORS UTILIZE NEW TOOLS, MATERIALS, AND INQUIRY-BASED STRATEGIES TO ENRICH THE LEARNERS' EXPERIENCE. WITH A PASSION FOR SOCIAL JUSTICE, TERC STRIVES TO CREATE LEVEL PLAYING FIELDS FOR ALL LEARNERS, REACHING MORE THAN THREE MILLION STUDENTS EACH YEAR. TERC IMAGINES A FUTURE WHERE TEACHERS AND STUDENTS ARE MEMBERS OF VIBRANT COMMUNITIES ENGAGED IN CREATIVE, RIGOROUS, AND REFLECTIVE INQUIRY. 10028101 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 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 1 152 0 1 96 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA NY OR X X LAURIE BRENNAN 6178739600 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 LAURIE BRENNAN PRESIDENT 40.00 X 263061 0 17192 JONI FALK CENTER LEADER 40.00 X 179357 0 14141 CATHERINE LECESSE CHIEF FINANCIAL OFFICER 40.00 X 171938 0 19416 BRIAN DRAYTON CO-DIRECTOR 40.00 X 146995 0 35717 KAREN ECONOMOPOULOS CO-DIRECTOR 40.00 X 146552 0 41928 GILLIAN PUTTICK SR. SCIENTIST 40.00 X 141228 0 35161 MARIA BLANTON BREKKA SR. SCIENTIST 40.00 X 137997 0 19029 MARTIN STORKSDIECK CHAIR 0.50 X X 0 0 0 CHRISTINA OLAYON- BAKER TREASURER 0.50 X X 0 0 0 CHINYERE CHI ONYEBUCHI TRUSTEE 0.50 X 0 0 0 DIANE SOUVAINE TRUSTEE 0.50 X 0 0 0 ELEANORA VILLEGAS-REIMERS TRUSTEE 0.50 X 0 0 0 JAY LABOV TRUSTEE 0.50 X 0 0 0 JOSEPH JOHNSON JR TRUSTEE 0.50 X 0 0 0 JANICE D JACKSON TRUSTEE 0.50 X 0 0 0 NADINE BONDA TRUSTEE 0.50 X 0 0 0 ROSANN TUNG TRUSTEE 0.50 X 0 0 0 GEORGIA HALL TRUSTEE 0.50 X 0 0 0 EMILY MAITIN CLERK 0.50 X X 0 0 0 1187128 0 182584 23 0 1 0 INSOURCE SERVICES INC 148 LINDEN ST WELLESLEY MA 02482 CONSULTING 179585 UNIVERSITY OF FLORIDA PO BOX 113201 GAINESVILLE FL 32611 EDUCATION RESEARCH 165806 KNOLOGY LTD 40 EXCHANGE PLACE STE 1403 NEW YORK NY 10005 EDUCATION RESEARCH 125282 3 8456555 2192241 10648796 EXCHANGE 900099 216345 216345 WORKSHOPS 900099 168937 168937 385282 248373 248373 1034456 1034456 5119229 3855785 1263444 1263444 1263444 OTHER 900099 58055 58055 FFCRA TAX CREDIT 921190 14764 14764 72819 13653170 1477793 0 1526581 X 471607 471607 6806889 5453916 1352973 352182 282144 70038 940683 720776 219907 591084 445899 145185 15097 15097 54157 54157 93090 93090 1854199 1768199 53450 32550 13386 13386 1235768 829853 405915 21241 18579 2662 33949 26633 7316 OUTSIDE SERVICES 614369 265883 348486 SUPPLIES AND MATERIALS 218866 159986 58880 OTHER 143559 36878 105182 1499 COMMUNICATIONS 5969 5969 13466095 10028101 3403945 34049 269729 306261 401587 2051 1139529 850869 1233739 763566 167946 234718 602960 540072 96837 62888 17081386 18625394 35611 29072 20426364 20874819 422856 1697387 27824 49462 1402900 1258018 0 3111598 1746849 X 16582033 18725242 732733 402728 17314766 19127970 20426364 20874819 187075 1626129 0 X X 0 1 X 1 1 1 X 9621240 10092078 8947543 8719073 10648796 48028730 9621240 10092078 8947543 8719073 10648796 48028730 48028730 2990574 2627769 2005032 1764991 1282829 10671195 42189 14764 56953 58756878 1824142 0.81740 0.72680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 602960 540072 62888 62888 X 15247031 1626129 60822 1686951 13560080 93090 93090 13653170 13433827 60822 60822 13373005 93090 93090 13466095 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, 2021 AND 2020. TERC'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. X 0 0 0 0 0 0 0 0 0 LAURIE BRENNAN PRESIDENT 263061 0 0 0 0 0 13141 0 4051 0 280253 0 0 0 JONI FALK CENTER LEADER 179357 0 0 0 0 0 8295 0 5846 0 193498 0 0 0 CATHERINE LECESSE CHIEF FINANCIAL OFFICER 171938 0 0 0 0 0 8688 0 10728 0 191354 0 0 0 BRIAN DRAYTON CO-DIRECTOR 146995 0 0 0 0 0 7618 0 28099 0 182712 0 0 0 KAREN ECONOMOPOULOS CO-DIRECTOR 146552 0 0 0 0 0 7765 0 34163 0 188480 0 0 0 GILLIAN PUTTICK SR. SCIENTIST 141228 0 0 0 0 0 7273 0 27888 0 176389 0 0 0 MARIA BLANTON BREKKA SR. SCIENTIST 137997 0 0 0 0 0 6848 0 12181 0 157026 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PRESENTED TO FIRST BY THE CFO TO THE TREASURER FOR REVIEW AND QUESTIONS AND IS THEN SHARED WITH THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES, AND FINALLY THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C TERC HAS A CONFLICT OF INTEREST TRAINING THAT NEW STAFF UNDERTAKE, A CONFLICT OF INTEREST FORM THAT ANY RESEARCHER MUST FILL OUT BEFORE WORKING WITH FEDERAL FUNDS, AND A CONFLICT OF INTEREST COMMITTEE TO REVIEW THE FORMS AND ADDRESS CONFLICTS THAT MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15A AN ANNUAL REVIEW AND EVALUATION IS COMPLETED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 TERC MAINTAINS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS INTERNALLY AND ARE AVAILABLE BY REQUEST BY THE PUBLIC. TERC ALSO UPLOADS A COPY OF THE FILED 990 ON GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,768,199. MANAGEMENT AND GENERAL EXPENSES 53,450. FUNDRAISING EXPENSES 32,550. TOTAL EXPENSES 1,854,199. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. EDUCATIONAL VENTURES INC 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 043372257 EDUCATIONAL RESEARCH MA TERC INC C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0