2020-02-27T15:41:23-06:00 2019-06-28 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2018-07-01 042505372 Charles Stark Draper Laboratory Inc % CHRISTINE ALBERTELLI CHAR 6172581000 555 Technology Square MS 34 Cambridge MA 02139 ELIZABETH MORA CAO 6172581000 2020-02-27 true Daniel Romano P00504182 2125990100 65.229.27.130 23695320200585000000 2020-02-27 P DDB0F0F82E5556893F2CEC96F87379BBCBFD24BF A877EB5A530BE38015B75D50D67BC403AAF51E9F 2018 2020-09-23 17:36:50Z Dr Kaigham J Gabriel 555 Technology Square MS 34 Cambridge MA 02139 869172172 false X www.draper.com X 1973 MA Pioneer in the application of science and technology in the national interest. 11 10 2193 0 0 0 3183775 1228028 589386880 624085024 11256568 25025738 4082608 3399453 607909831 653738243 2700321 3008679 0 0 280824162 288934608 0 0 566568 355716149 379416889 639240632 671360176 -31330801 -17621933 663485592 607378644 272076804 265833353 391408788 341545291 DRAPER ENGINEERS DESIGN, DEVELOP AND DEPLOY ADVANCED TECHNOLOGY SOLUTIONS FOR THE WORLD'S MOST DIFFICULT AND IMPORTANT PROBLEMS. false false 354357135 54948 390447901 Strategic Systems: When the nation needs deterrence that works, it relies on Draper. We develop, test and deliver the world's most accurate and reliable guidance, navigation & control systems; radiation-hardened electronics; precision sensors and cyber resilience to drive mission success. 200855622 2953731 221312479 National Security & Space: From pioneering precision guidance for munitions, designing autonomy architecture for unmanned undersea vehicles, advancing celestial navigation technology, developing algorithms for geospatial intelligence analysis, devising both hardware and software cyber security for embedded systems - and more, we collaborate with our customer to ensure they have the capabilities they need when they need them. In space, we continue to support humankind's desire to surpass the boundaries of our planet. Draper engineers solutions that enable space exploration. 11185426 12324644 COMMERCIAL PROGRAMS: FOR MORE THAN 80 YEARS, DRAPER HAS DELIVERED NEW CAPABILITIES TO SUPPORT U.S. NATIONAL SECURITY. IN OFTEN CHALLENGING ENVIRONMENTS, WHEN LIVES ARE ON THE LINE, YOUR TECHNOLOGIES HAVE TO WORK. MANY OF THE TOOLS AND CAPABILITIES DELIVERED FOR OUR NATIONAL SECURITY CUSTOMERS MAY BE APPLIED TO SOLVE CHALLENGES IN THE COMMERCIAL SECTOR. WITH THREE AREAS OF EMPHASIS, DRAPER CREATES DIFFERENTIATING CAPABILITIES. 566398183 true true false false false false false false false false true false false false true false true false false true true false false false false false false true false true false false false false false true true true false false false false false true false false false true 274 0 true 2193 true false true false false false false false false false false false false false X 11 10 false false false false true true true true true false false true true true true true false true true false CA MA X CHRISTINE ALBERTELLI 6172581870 555 TECHNOLOGY SQUARE MS 34 Cambridge MA 02139 X Franklin C Miller Chairman - end 03/2019 8.0 0.0 X 74672 0 0 David B Aronoff Director 3.0 0.0 X 40000 0 0 Lena G Goldberg Director 3.0 0.0 X 40278 0 0 Daniel E Hastings Director 3.0 0.0 X 41500 0 0 Lt Gen Ret Francis Kearney Director 3.0 0.0 X 40000 0 0 Joanne M Maguire Director 3.0 0.0 X 44000 0 0 David R Shedd Director 3.0 0.0 X 60263 0 0 M Elizabeth Young Director - end 10/2018 3.0 0.0 X 31125 0 0 Kaigham Ken Gabriel President and CEO 40.0 0.0 X X 857241 0 327824 D Rick Williams Director 3.0 0.0 X 37500 0 0 Gary S May Director 3.0 0.0 X 38944 0 0 John T Mitchell Director - end 10/2018 3.0 0.0 X 41500 0 0 Terry J Benedict Director 3.0 0.0 X 9375 0 0 Susan Hockfield Director 3.0 0.0 X 9375 0 0 Elizabeth Mora Chief Administrative Officer 40.0 0.0 X 498047 0 436327 Steven DiTullio VP of Strategic Systems 40.0 0.0 X 450709 0 255906 Tara S Clark VP of Commercial Programs 40.0 0.0 X 309756 0 165710 Jennifer L Jensen VP of Nat'l Security and Space 40.0 0.0 X 468046 0 152705 Richard J Russell VP of Engineering 40.0 0.0 X 400494 0 52426 Alexa Adams Director of Legal & Secretary 40.0 0.0 X 225047 0 41303 Paul Rosenstrach thru 1218 Principal Director Technical 40.0 0.0 X 403906 0 48787 Neil J Adams Program Director 40.0 0.0 X 344582 0 66147 William Tsacoyeanes Program Director 40.0 0.0 X 317104 0 47770 PHIL KEATING Program Director 40.0 0.0 X 371299 0 76044 ANTHONY S KOUREPENIS PRINCIPAL DIR TECHNICAL 40.0 0.0 X 382424 0 50954 FRANK J SERNA PRINCIPAL DIR programs 40.0 0.0 X 348009 0 60653 Sheila Hemami Dir Stat Tech Oppts 40.0 0.0 X 326795 0 36781 George M Milne Jr Director 0.0 0.0 X 38791 0 0 John R Dowdle thru 3218 VP of Engineering 40.0 0.0 X 695956 0 13126 Seamus Tuohy Program Director 40.0 0.0 X 307520 0 64363 Robert Durkin Principal Dir Administration 40.0 0.0 X 245577 0 24037 7499835 0 1920863 1112 true true false VENICE PRECISION LLC 112 Morse Ct NORTH VENICE FL 34275 Material & Supplies 2919045 INTEGRA TECHNOLOGIES LLC 3450 N Rock Rd Bldg 100 WICHITA KS 67226 Other Tech. Svcs. 2378800 DELOITTE CONSULTING LLP 200 Berkeley St 10th Floor BOSTON MA 02116 Consulting services 1307286 SUNSTEIN KANN MURPHY TIMBERS LLP 125 Summer St BOSTON MA 02110 Legal services 1204896 LANDO ANASTASI 1 Main St 11 CAMBRIDGE MA 02142 Legal services 1115100 50 320349 907679 1228028 STRATEGIC SYSTEMS 541700 390447901 390447901 0 0 NATIONAL SECURITY & SPACE PROGRAMS 541700 221312479 221312479 0 0 COMMERCIAL PROGRAMS 541700 12324644 12324644 0 0 624085024 3016926 3016926 0 999059 999059 3378661 978267 2400394 0 2400394 2400394 236433474 31000 214192092 263570 22241382 -232570 22008812 22008812 0 0 0 0 0 0 0 0 0 0 653738243 624085024 0 28425191 3008679 3008679 0 0 0 5478511 5478511 509211 233518 275693 202440706 176751150 25370540 319016 22922626 17757658 5164968 41836162 32123296 9614599 98267 15747392 12572185 3175207 0 6819370 5020565 1798805 559431 559431 0 0 1303598 1303598 15220923 14299552 921371 1834811 1834811 1806208 1633011 173123 74 13482893 11987689 1495204 0 13362027 2683287 10678740 7204911 6319824 857292 27795 0 178539 136282 42007 250 4345066 4345066 0 26593644 12535890 14057754 1696163 43787 1652376 SUBCONTRACTS 194141267 194141267 0 0 OTHER INDIRECT 45254549 33745799 11402475 106275 OTHER MATERIALS 37212108 37154237 57871 0 OUTSIDE SERVICES 8401381 4250507 4135983 14891 671360176 566398183 104395425 566568 0 0 28154118 10294172 0 0 110774496 114110009 0 0 0 0 19561608 23618783 0 0 27142584 24644126 491139939 236222607 233373259 254917332 242422049 177423346 306889 396172 0 0 0 0 1750589 1974704 663485592 607378644 90642280 87714066 0 0 27943349 28419133 0 0 0 0 0 0 6994462 8097030 120427797 104687632 26068916 36915492 272076804 265833353 X 391408788 341545291 0 0 0 0 391408788 341545291 663485592 607378644 X -17621933 -14745250 -17496314 X false true X true true true X 9718339 2914777 4304569 3183775 1228028 21349488 0 37044941 57679170 23316424 46493881 54141021 218675437 46763280 60593947 27620993 49677656 55369049 240024925 0 240024925 12044311 13848782 7928368 8459831 7394646 49675938 0 -266871 7999 0 0 0 -258872 289441991 2365829579 0.82927 0.80283 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32495864 32495864 242133146 87084500 155048646 8633887 6486012 2147875 183253281 141054468 42198813 24623761 1597627 23026134 254917332 0 ACCRUED POST RETIREMENT BENEFITS 36915492 36915492 616087995 -14745250 -13358875 -28104125 644192120 1303598 8242525 9546123 653738243 665951493 4137440 4137440 661814053 1303598 8242525 9546123 671360176 Schedule D, Part XI, Line 2d FAS 158 Pension & Post-Retirement Plan ($14,359,332) Misc. Inc./(loss) $22,190 Rental Expenses Netted Against Revenue $978,267 ------------------ ($13,358,875) Schedule D, Part XI, Line 4b Interest - Line of Credit $502,889 Other Non-Operating Expenses $7,739,636 ------------------ $8,242,525 Schedule D, Part XII, Line 2d Rental Expenses Netted Against Revenue $978,267 Other Components of Net Periodic Benefit Costs $3,159,173 ------------------ Total $4,137,440 Schedule D, Part XII, Line 4b Interest - Line of Credit $502,889 Other Non-Operating Expenses $7,739,636 ------------------ TOTAL $8,242,525 Europe (Including Iceland and Greenland) 1 Program Services Research 3707656 East Asia and the Pacific Program Services Research 133237 North America Program Services Research 245274 South Asia Program Services Research 10190 1 1 4096357 4096357 true false false false true false Schedule F, Part I, Line 2 NATURE OF ACTIVITIES IS NOT GRANT/ASSISTANCE BASED BUT IS SERVICES IN FURTHERANCE OF DRAPER'S EXEMPT PURPOSE. DRAPER HAS TWO TYPES OF GRANTS: SUB-AWARDS AND FELLOWSHIP GRANTS. THE MONITORING PROCEDURES FOR THE USE OF GRANT FUNDS FOR EACH TYPE IS DESCRIBED BELOW. DRAPER MONITORS GRANT FUNDS EXPENDED THROUGH SUB-AWARDS IN ACCORDANCE WITH ITS SUBCONTRACTS ADMINISTRATION POLICIES AND PROCEDURES MANUAL. AUTHORIZED DRAPER PERSONNEL SUBMIT PURCHASE REQUISITIONS FOR SUB-AWARDS TO BE ISSUED WITH GRANT FUNDS, AND SUBCONTRACT ADMINISTRATORS REVIEW THE PURCHASE REQUISITION BEFORE APPROVAL OF THE SUB-AWARD. SUBCONTRACT ADMINISTRATORS FLOW DOWN ALL APPLICABLE GRANT TERMS TO THE SUB-AWARDEE AS PART OF THE SUB-AWARD, AND THE PROGRAMS DEPARTMENT AND SUBCONTRACTS MONITOR SUB-AWARDEE PERFORMANCE THROUGH MONTHLY TECHNICAL AND FINANCIAL REPORTS BY THE SUB-AWARDEE. DRAPER MONITORS GRANT FUNDS EXPENDED FOR FELLOWSHIP GRANTS TO FIT WITHIN THE OVERALL TECHNOLOGY CONCENTRATION FOCUS AREAS IMPORTANT TO DRAPER AND OUR CUSTOMERS, THE AVAILABILITY OF SUPERVISORS AND GRADUATION RATES OF FELLOWS CURRENTLY ENROLLED IN THE PROGRAM. DOLLAR AMOUNTS ARE NEGOTIATED PER DEGREE PROGRAM WITH EACH UNIVERSITY AND UPDATED YEARLY. AUTHORIZED DRAPER PERSONNEL SUBMIT PURCHASE REQUISITIONS. ALL REQUISITIONS ARE APPROVED BY THE OWNER OF THE PROJECT NUMBER PER DRAPER'S BUSINESS PROCESS. AN APPROVED PURCHASE ORDER IS PLACED WITH THE UNIVERSITY FOR THE DURATION OF THE STUDENT'S TENURE. MONTHLY INVOICES ARE SENT BY THE UNIVERSITY TO DRAPER, APPROVED BY THE DRAPER SUPERVISOR AND PAID TO THE UNIVERSITY. AFTER THE CONCLUSION OF THE FELLOWSHIP, A RECONCILIATION IS DONE TO CLOSE OUT the purchase ORDER. SCHEDULE F, PART I, LINE 3, COLUMN F THE EXPENDITURES, PER REGION, ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. true Boston University 595 Commonwealth Ave Boston MA 02215 042103547 501(C)(3) 363009 Fellowships Support Brown University 1 Prospect Street Providence RI 02912 050258809 501(C)(3) 158380 Fellowships Support Harvard University 1350 Massachusetts Ave Cambridge MA 02138 042103580 501(C)(3) 194476 Fellowships Support Massachusetts Institute of Technology 77 Massachusetts Ave Cambridge MA 02139 042103594 501(C)(3) 1796461 Fellowships Support Tufts University 169 Holland Street Somerville MA 02144 042103634 501(C)(3) 80700 Fellowships Support Regents of the University of Colorado 1800 Grant St 800 Denver CO 80203 846000555 501(c)(3) 366598 Fellowships Support The Johns Hopkins University 3400 N Charles Street Baltimore MD 21218 520595110 501(c)(3) 64194 Fellowships Support 7 Schedule I, Part I, Line 2 DRAPER HAS TWO TYPES OF GRANTS: SUB-AWARDS AND FELLOWSHIP GRANTS. THE MONITORING PROCEDURES FOR THE USE OF GRANT FUNDS FOR EACH TYPE IS DESCRIBED BELOW. DRAPER MONITORS GRANT FUNDS EXPENDED THROUGH SUB-AWARDS INACCORDANCE WITH ITS SUBCONTRACTS ADMINISTRATION POLICIES AND PROCEDURES MANUAL. AUTHORIZED DRAPER PERSONNEL SUBMIT PURCHASE REQUISITIONS FOR SUB-AWARDS TO BE ISSUED WITH GRANT FUNDS, AND SUBCONTRACT ADMINISTRATORS REVIEW THE PURCHASE REQUISITION BEFORE APPROVAL OF THE SUB-AWARD. SUBCONTRACT ADMINISTRATORS FLOW DOWN ALL APPLICABLE GRANT TERMS TO THE SUB-AWARDEE AS PART OF THE SUB-AWARD, AND THE PROGRAMS DEPARTMENT AND SUBCONTRACTS MONITOR SUB-AWARDEE PERFORMANCE THROUGH MONTHLY TECHNICAL ANDFINANCIAL REPORTS BY THE SUB-AWARDEE. DRAPER MONITORS GRANT FUNDS EXPENDED FOR FELLOWSHIP SUPPORT GRANTS TO FIT WITHIN THE OVERALL TECHNOLOGY CONCENTRATION FOCUS AREAS IMPORTANT TO DRAPER AND OUR CUSTOMERS, THE AVAILABILITY OF SUPERVISORS AND GRADUATION RATES OF FELLOWSCURRENTLY ENROLLED IN THE PROGRAM. DOLLAR AMOUNTS ARE NEGOTIATED PER DEGREE PROGRAM WITH EACH UNIVERSITY AND UPDATED YEARLY. AUTHORIZED DRAPER PERSONNEL SUBMIT PURCHASE REQUISITIONS. ALL REQUISITIONS ARE APPROVED BY THE OWNER OF THE PROJECT NUMBER PER DRAPER'S BUSINESS PROCESS. AN APPROVED PURCHASE ORDER IS PLACED WITH THE UNIVERSITY FOR THE DURATION OF THE STUDENT'S TENURE. MONTHLY INVOICES ARE SENT BY THE UNIVERSITY TO DRAPER, APPROVED BY THE DRAPER SUPERVISOR AND PAID TO THE UNIVERSITY. AFTER THE CONCLUSION OF THE FELLOWSHIP, A RECONCILIATION IS DONE TO CLOSE OUT the purchase ORDER. X X X true true X X X X X false true false true false false false true false Kaigham Ken Gabriel President and CEO 588622 0 218401 0 50218 0 275944 0 51880 0 1185065 0 0 0 Elizabeth Mora Chief Administrative Officer 384055 0 74257 0 39735 0 426909 0 9418 0 934374 0 0 0 William Tsacoyeanes Program Director 246296 0 51276 0 19532 0 27130 0 20640 0 364874 0 0 0 John R Dowdle thru 3218 VP of Engineering 68671 0 43947 0 583338 0 9752 0 3374 0 709082 0 0 0 Steven DiTullio VP of Strategic Systems 345729 0 70309 0 34671 0 232573 0 23333 0 706615 0 0 0 Tara S Clark VP of Commercial Programs 261517 0 26300 0 21939 0 130440 0 35270 0 475466 0 0 0 PHIL KEATING Program Director 238022 0 0 0 133277 0 24786 0 51258 0 447343 0 0 0 ANTHONY S KOUREPENIS PRINCIPAL DIR TECHNICAL 318282 0 57072 0 7070 0 26657 0 24297 0 433378 0 0 0 FRANK J SERNA PRINCIPAL DIR programs 268450 0 56156 0 23403 0 26812 0 33841 0 408662 0 0 0 Jennifer L Jensen VP of Nat'l Security and Space 239586 0 116285 0 112175 0 127403 0 25302 0 620751 0 0 0 Richard J Russell VP of Engineering 279441 0 51226 0 69827 0 28207 0 24219 0 452920 0 0 0 Alexa Adams Director of Legal & Secretary 187761 0 19566 0 17720 0 21500 0 19803 0 266350 0 0 0 Seamus Tuohy Program Director 239316 0 54652 0 13552 0 26147 0 38216 0 371883 0 0 0 Paul Rosenstrach thru 1218 Principal Director Technical 270508 0 67230 0 66168 0 26160 0 22627 0 452693 0 0 0 Robert Durkin Principal Dir Administration 189106 0 38227 0 18244 0 21004 0 3033 0 269614 0 0 0 Neil J Adams Program Director 278846 0 62479 0 3257 0 27830 0 38317 0 410729 0 0 0 Sheila Hemami Dir Stat Tech Oppts 256394 0 50688 0 19713 0 27750 0 9031 0 363576 0 0 0 George M Milne Jr Director 38791 0 0 0 0 0 0 0 0 0 38791 0 0 0 Schedule J, Part I, Line 1A I) FIRST CLASS TRAVEL FOR BOARD MEMBERS AND OFFICERS IS PROVIDED FOR LONG-DISTANCE TRAVEL TO IMPROVE PARTICIPATION IN BUSINESS MEETINGS. THIS BENEFIT WAS PROVIDED TO EIGHT BOARD MEMBERS, AND SIX OFFICERS. III) SPOUSAL TRAVEL IS REIMBURSED FOR CERTAIN INDIVIDUALS REPORTED ON THE FORM 990. THIS INCOME IS TREATED AS TAXABLE, AND IS REPORTED ON SCHEDULE J, PART II, COLUMN B(III). THIS BENEFIT WAS PROVIDED TO TWO BOARD MEMBERS AND zero OFFICERS. V) TAX INDEMNIFICATION AND GROSS UP PAYMENTS EXIST UNDER OUR NEW HIRE/EMPLOYEE RELOCATION POLICY WHERE CERTAIN COSTS MIGHT BE CHARACTERIZED AS TAXABLE INCOME FOR EMPLOYEES, THE LABORATORY WILL REIMBURSE THE EMPLOYEE FOR ANY TAX EFFECT ASSOCIATED WITH THE MOVE. ONE DRAPER EMPLOYEE REPORTED ON FORM 990, PART VII RECEIVED A GROSS UP PAYMENT FOR MOVING COSTS. 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 ANY ANNUITY, THAT ANNUITY WILL PROVIDE THE EQUIVALENT OF A PENSION PAYMENT. THERE WAS ONE DISBURSEMENT MADE DURING CALENDAR YEAR 2018. SCHEDULE J, PART I, LINE 4A DRAPER HAS AN EMPLOYMENT AND SEPARATION POLICY THAT COVERS THE CEO, DR. GABRIEL. UNDER THIS AGREEMENT, HE IS ENTITLED TO 12 MONTHS' SALARY AND HEALTH BENEFITS IF TERMINATED BY THE BOARD WITHOUT CAUSE. Schedule J, Part I, Line 4b DRAPER HAS A SUPPLEMENTAL RETIREMENT PLAN. THE PURPOSE OF THIS PLAN IS TO ASSURE THAT CORPORATE OFFICERS RECEIVE A REASONABLE LEVEL OF RETIREMENT COMPENSATION IN RELATION TO THEIR LEVEL OF COMPENSATION AND LENGTH OF SERVICE AT THE LABORATORY. ALL OFFICERS ARE AUTOMATICALLY ENROLLED IN THIS PLAN UPON ASSUMING THE OFFICER POSITION AND BENEFITS ARE CALCULATED AS OF THEIR FIRST DAY THROUGH THE OFFICER'S MANDATORY RETIREMENT DATE AFTER TURNING AGE 65. EACH FISCAL YEAR AN ACTUARIAL VALUATION OF THE PROJECTED BENEFIT OBLIGATION FOR EACH OFFICER IS OBTAINED. AN ADJUSTMENT TO THE ACCRUED BENEFIT CALCULATION IS BASED ON CHANGES IN THE ACTUARIAL VALUATION AND UNDERLYING ACTUARIAL ASSUMPTIONS AND THE CHANGE IS INCLUDED IN THE AMOUNT SHOWN IN COLUMN C OF SCHEDULE J. THE DEFERRED COMPENSATION FOR THE SUPPLEMENTAL RETIREMENT PLAN IS INCLUDED IN THE FINANCIAL STATEMENTS. IF AN OFFICER IS EMPLOYED, THE AMOUNT IS ACCRUED. WHEN AN OFFICER RETIRES, THE AMOUNT IS PAID. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE PLAN IN CALENDAR YEAR 2018. THE AMOUNTS DESCRIBED ARE REPORTED ON SCHEDULE J PART II COLUMN C. JENNIFER JENSEN: $104,368 TARA CLARK: $103,190 KAIGHAM (KEN) GABRIEL: $258,559 STEVEN DITULLIO: $210,085 ELIZABETH MORA: $404,659 Schedule J, Part I, Line 5a and Line 7 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. THE PROGRAM WAS BASED ON PRIOR YEAR METRICS RELATED TO SPONSORED REVENUE GROWTH AND COST MANAGEMENT AS WELL AS HUMAN CAPITAL MANAGEMENT FOCUSED ON RETENTION AND DIVERSITY. ALL PARTICIPANT AWARDS ARE REVIEWED BY THE PRESIDENT OF DRAPER AND REPORTED TO THE BOARD ANNUALLY. Schedule J, Part II - John R. Dowdle John Dowdle served as the VP of Engineering through March 2, 2018. He is reported as a Former Officer on Form 990, Part VII, to report both his W-2 wages up until his end date, as well as $275,693 of compensation received for services after his end date as an independent consultant. John Dowdle FORMER VP OF ENGINEERING 275693 consulting services false Elizabeth T Adalsteinsson Dowdle FAMILY MEMBER OF OFFICER 95994 Employee of Draper false Kathryn Adams Family of Key Employee 81308 Employee of Draper false Phillip DiTullio Family member of officer 56216 Employee of Draper false Terry J Benedict See Part V 1688065 Customer contract FY19 revenue false Schedule L, Part IV, lines 1-4 The business transactions with interested persons reported on Schedule L, Part IV are made on an arms-length basis without the involvement of the interested persons. Schedule L, Part IV, line 1 John Dowdle served as the VP of Engineering through March 2, 2018. He is reported as a Former Officer on Form 990, Part VII, to report both his W-2 wages up until his end date, as well as $275,693 of compensation received for services after his end date as an independent consultant. Schedule L, Part IV, Line 5 Terry J. Benedict is a Draper Board member and the COO of a company, Blue Origin, with which Draper does business on an arms-length basis. FORM 990, PART VI, LINE 6 & LINE 7A Corporation 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 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 incorporation, or bylaws. Any election is determined by a plurality of votes cast except where required by law, the articles, or 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, LINE 11B The form 990 is prepared by an independent accounting firm with information provided by management. The director, corporate controller performs an initial review before providing the Form 990 to the principal director of finance for secondary review. The CAO and CEO perform their own reviews of the document. A copy of the 990, as ultimately filed with the internal revenue service, is presented to the audit committee and made available to the full board of directors via the organization's intranet. FORM 990, PART VI, 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. Officers and key employees complete a conflict on interest request electronically. Officers, key employees, and highest compensated employees are notified via letter that their salary will be disclosed on the Form 990. Based on data provided by directors and specified employees, the laboratory maintains a matrix of positions, affiliations and organizations with whom the directors and specified employees may have a relationship requiring disclosure. Compliance, and legal, if needed, reviews disclosures for potential relationships meeting disclosure requirements. If a potential conflict arises, appropriate restrictions are imposed and persons involved are prohibited from participating in the resolution of the conflict. Outside tax firm personnel may also be consulted. FORM 990, PART VI, LINE 15 Draper maintains one full time person who is responsible for compilation, analysis and management of the compensation budget process. Annually, Draper participates 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. Additionally, Draper hires an independent consultant to review the compensation of the CEO and all officers annually. The compensation budget as a whole is presented to the board compensation committee for review and approval and includes a presentation on headcount, upcoming research activities and sponsor awards both in process and anticipated. The compensation committee votes to approve the compensation of the CEO and officers based on their surveys which includes third party surveys of laboratories throughout the country. Decisions of the compensation committee are contemporaneously documented in the minutes. FORM 990, PART VI, LINE 19 Draper makes its governing documents, conflict of interest policy and financial statements available to the public upon request. FORM 990, PART VII BOARD MEMBERS ARE COMPENSATED A FLAT FEE FOR THEIR PARTICIPATION. ADDITIONAL COMPENSATION IS PAID FOR SERVICES AS BOARD, COMMITTEE, OR PANEL CHAIR. THE BOARD COMPENSATION AND THE CHAIR COMPENSATION IS APPROVED BY THE FULL BOARD. Form 990, Part VII - George M. Milne, Jr. George M. Milne, Jr. was compensated in his capacity as a special consultant. Form 990, Part IX, Line 1 Total domestic grants reported on Part IX, Line 1 include reversing accruals at the beginning of the year. Schedule I domestic grants represent the total amount of grants invoiced during the year with no reversing accruals. FORM 990, PART XI, LINE 9 FAS 158 PENSION & Post-Retirement Plan -14,359,332 Misc. Income/(Expense) 22,190 Other Components of net periodic benefit costs -3,159,172 total -17,496,314 TAX YEAR DRAPER'S FISCAL CALENDAR ("FY") ENDS ON THE FRIDAY CLOSEST TO JUNE 30TH. DUE TO THIS POLICY, THE FISCAL CALENDAR MAY RESULT IN THE LAST DAY OF A FISCAL YEAR FALLING ON A DATE OTHER THAN ON JUNE 30. APPROXIMATELY EVERY FIFTH YEAR, DRAPER'S FISCAL YEAR WILL CONTAIN 53 WEEKS. THERE ARE 52 WEEKS IN BOTH FY2019 AND FY2018.