2018-02-16T15:03:37-06:00 2017-06-30 GRANT THORNTON LLP 75 State Street Boston MA 02109 990 2016-07-02 042505372 Charles Stark Draper Laboratory Inc % PATRICIA MCLAUGHLIN CHAR 6172581000 555 Technology Square MS 34 Cambridge MA 02139 ELIZABETH MORA CAO 6172581000 2018-02-16 true Robert J Butler Jr P00037953 6177237900 209.220.136.124 04586620180475000018 2018-02-16 P 5DC4114955D509A2C8F3925ECA2F4E6049065242 5DC4114955D509A2C8F3925ECA2F4E6049065242 2016 2021-01-29 14:40:06Z Dr Kaigham J Gabriel 555 Technology Square MS 34 Cambridge MA 02139 683807254 false X www.draper.com X 1973 MA PIONEER IN THE APPLICATION OF SCIENCE AND TECHNOLOGY IN THE NATIONAL INTEREST. 12 11 2107 0 0 2914777 4304569 619635038 567181031 49155229 3629922 4628565 2722465 676333609 577837987 2554874 2854826 0 0 239190335 268308612 0 0 215916 397652531 339671039 639397740 610834477 36935869 -32996490 612336408 613174784 233198839 210508065 379137569 402666719 To serve the national interest in applied research, engineering development, education, and technology transfer helping our sponsors clarify their requirements and conceptualize innovative solutions to their problems. false false 327399173 1768970 351449105 Strategic Systems: For more than 60 years, Draper has been designing and developing intertial guidance systems for strategic missile applications. We have been responsible for all of the U.S. Navy's strategic guidance systems and are currently extending MK6 system life to 2042 through an extensive modernization effort that utilizes common processor and other keys technical innovations to improve reliability and system performance while reducing cost of ownership. We have also designed the guidance system for the air force peacekeeper ICBM. 182769053 1030458 204725640 National Security & Space: Draper delivers national security mission systems and combat solutions as a highly valued government partner and design agent for our sponsors' most difficult problems. We provide trusted, reliable maritime intelligence, surveillance, reconnaissance (ISR), extreme miniature solutions for precision engagement, highly accurate guided aerial delivery, soldier-centered solutions, secure electronics and communications, and early intercept guidance for missile defense engagement. We help our sponsors to clarify their requirements, establish government owned designs and create system prototypes. 9825875 55398 11006286 Commercial Programs: By Applying new tools and harnessing technologies from the physical sciences and engineering, Draper is creating novel solutions to today's critical issues in Healthcare. Draper's analytical expertise can be used for sensor systems and clinical decision support. Our expertise in microelectromechanical sensors (MEMS), Microfluidics, and electronics miniaturization is enabling solutions for smart medical devices and organ-assist devices. 519994101 true true false true 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 false true false false false false false false false false false false true 310 0 true 2107 true false false false false false false false false false false X 12 11 false false false false true true false true true false false true true true true true true true true false CA MA X PATRICIA MCLAUGHLIN 6172581000 555 TECHNOLOGY SQUARE MS 34 Cambridge MA 02139 X Franklin C Miller Chairman 8.0 0.0 X 88185 0 0 David B Aronoff Director 3.0 0.0 X 41500 0 0 William F Ballhaus Jr Director 4.0 0.0 X 44000 0 0 Lena G Goldberg Director 3.0 0.0 X 40000 0 0 Daniel E Hastings Director 3.0 0.0 X 41500 0 0 Miriam E John Director (Thru 10/16) 3.0 0.0 X 31125 0 0 Lt Gen Ret Francis Kearney Director 3.0 0.0 X 41500 0 0 Joanne M Maguire Director 3.0 0.0 X 44000 0 0 M Elisabeth Pate-Cornell Director (Thru 10/16) 3.0 0.0 X 37500 0 0 Richard T Roca Director 3.0 0.0 X 42558 0 0 David R Shedd Director 3.0 0.0 X 40566 0 0 Richard D White Director 4.0 0.0 X 40000 0 0 M Elizabeth Young Director 3.0 0.0 X 1500 0 0 Kaigham Ken Gabriel President and CEO 40.0 0.0 X X 721641 0 210088 Elizabeth Mora CHIEF ADMINISTRATIVE OFFICER 40.0 0.0 X 480028 0 169059 Darryl G Sargent VP OF NAT'L SECURITY & SPACE 40.0 0.0 X 414270 0 -84252 John R Dowdle VP of Engineering 40.0 0.0 X 415287 0 -24232 Steven DiTullio VP OF STRATEGIC SYSTEMS 40.0 0.0 X 406326 0 239 Tara S Clark VP OF Commercial Programs 40.0 0.0 X 306823 0 97615 Melinda J Brown DIRECTOR OF LEGAL & SECRETARY 40.0 0.0 X 278198 0 37728 Paul Rosenstrach Principal Director Technical 40.0 0.0 X 338154 0 48061 Robert Durkin Principal Dir Administration 40.0 0.0 X 213113 0 26861 John Barry Principal Dir Adm. (Thru 3/17) 40.0 0.0 X 199770 0 28369 PHIL KEATING Program Director 40.0 0.0 X 361652 0 63382 ANTHONY S KOUREPENIS PRINCIPAL DIR TECHNICAL 40.0 0.0 X 334138 0 48103 FRANK J SERNA PRINCIPAL DIR MARKETING 40.0 0.0 X 321156 0 57669 NEIL J ADAMS Program Director 40.0 0.0 X 302340 0 56781 HEIDI C PERRY Engineering Director 40.0 0.0 X 282265 0 56309 5909095 0 791780 965 false true false LEGGAT MCCALL PROPERTIES 10 POST OFFICE SQUARE BOSTON MA 02109 CONSULTING 1085417 GOODWIN PROCTOR LLP 53 STATE STREET BOSTON MA 02109 LEGAL SERVICES 503172 FOLEY LARDNER LLP 3000 K STREET NW SUITE 500 WASHINGTON DC 200075101 LEGAL SERVICES 492752 PRICEWATERHOUSECOOPERS LLP 125 HIGH STREET BOSTON MA 02110 AUDIT SERVICES 401843 HOLLAND KNIGHT LLP 100 NORTH TAMPA ST SUITE 4100 TAMPA FL 33601 LEGAL SERVICES 257571 6 835284 3469285 4304569 STRATEGIC SYSTEMS 541700 351449105 351449105 NATIONAL SECURITY & SPACE PROGRAMS 541700 204725640 204725640 COMMERCIAL PROGRAMS 541700 11006286 11006286 567181031 4033995 4033995 0 357782 357782 3536591 1171908 2364683 0 2364683 2364683 104371307 21979 102092506 2704853 2278801 -2682874 -404073 -404073 0 0 0 0 0 0 0 0 0 0 577837987 567181031 6352387 2854826 2854826 0 0 0 4139664 4139664 288901 250010 38891 192838142 163236964 29485539 115639 19582498 15188409 4394089 37477605 29459297 7985588 32720 13981802 11510138 2471664 0 5731851 3494168 2237683 431268 431268 0 0 1621281 1621281 63818 44543 19275 704906 704906 1747740 1583582 164070 88 12734901 11480579 1254322 17732 17732 9577728 708945 8868783 6476553 5087337 1375623 13593 0 252672 125486 127186 1180800 1180800 0 14398903 8809077 5589826 1513077 463663 1049414 SUBCONTRACTS 189886976 189886976 OTHER INDIRECT 47447632 39735219 7685312 27101 OTHER MATERIALS 20092198 19583207 508991 OUTSIDE SERVICES 25791003 16536218 9247285 7500 610834477 519994101 90624460 215916 0 0 51678056 21397856 0 0 104175080 101357600 0 0 0 0 2013903 6993268 0 0 29840295 29053554 394228258 191224935 152206939 203003323 270266259 248305216 361469 402353 0 0 0 0 1794407 2661614 612336408 613174784 92927503 82322649 0 0 33653443 43545182 0 0 0 0 0 0 45150307 42392050 0 0 61467586 42248184 233198839 210508065 X 379137569 402666719 0 0 0 0 379137569 402666719 612336408 613174784 X -32996490 29074559 27451081 X false true X true true true X 9753016 7639081 9718339 2914777 4304569 34329782 0 16658931 29836948 37044941 57679170 23316424 164536414 26411947 37476029 46763280 60593947 27620993 198866196 0 198866196 12001374 12532414 12044311 13848782 7928368 58355249 0 -266871 7999 0 -258872 256962573 2770853100 0.77391 0.77660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 610834476 610834476 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 7293 0 0 7293 250000 250000 250000 250000 1000000 1500000 32495864 32495864 142061470 69176557 72884913 6865314 3826692 3038622 148389340 116786006 31603334 64416270 1435680 62980590 203003323 0 ACCRUED POST RETIREMENT BENEFITS 42248184 42248184 633860817 29074559 28622989 57697548 576163269 1621281 53437 1674718 577837987 610331667 1171908 1171908 609159759 1621281 53437 1674718 610834477 Schedule D, Part XI, Line 2d FAS 158 PENSION & POST RETIREMENT PLAN 27,450,135 RENTAL EXPENSES NETTED AGAINST REVENUE 1,171,908 ROUNDING 946 ------------- TOTAL 28,622,989 Schedule D, Part XI, Line 4b and Part XII, Line 4b ROYALTIES Paid 17,732 Interest Line of Credit 35,705 ------------- Total 53,437 Schedule D, Part XII, Line 2d RENTAL EXPENSES NETTED AGAINST REVENUE 1,171,908 Europe (Including Iceland and Greenland) 1 Program Services Research 2335539 East Asia and the Pacific Program Services Research 48557 North America Program Services Research 636397 1 1 3020493 3020493 false false false false true false Part I, Line 2 NATURE OF ACTIVITIES IS NOT GRANT/ASSISTANCE BASED BUT IS SERVICES IN FURTHERANCE OF DRAPER'S EXEMPT PURPOSE. Part IV, Line 5 Controlled Foreign Partnership Reporting THE TAXPAYER WAS REQUIRED TO FILE FORM 8865, BUT IT IS NOT DOING SO UNDER THE CONSTRUCTIVE OWNERS EXCEPTION. THE TAXPAYER HAS AN INDIRECT INTEREST IN THE FOLLOWING ENTITY WHICH FILED FORM 8865: TENSILE CAPITAL PARTNERS, LP TWO EMBARCADERO CENTER, SUITE 1660 SAN FRANCISCO, CA 94111 THE TAXPAYER WOULD HAVE HAD TO FILE FORM 8865 FOR ITS INDIRECT OWNERSHIP IN THE ENTITY LISTED BELOW BUT FOR THIS EXCEPTION: TENSILE HOLDINGS SARL 6, RUE EUGENE RUPPERT, L-2453 LUXEMBOURG true Massachusetts Eye and Ear Infirmary 243 Charles Street Boston MA 02114 042103591 501(C)(3) 231964 Research Grant Sub-Award Boston University 595 Commonwealth Ave Boston MA 02215 042103547 501(C)(3) 361535 Fellowships Support Brown University 1 Prospect Street Providence RI 02912 050258809 501(C)(3) 125110 Fellowships Support Harvard University 1350 Massachusetts Ave Cambridge MA 02138 042103580 501(C)(3) 249667 Fellowships Support Massachusetts Institute of Technology 77 Massachusetts Ave Cambridge MA 02139 042103594 501(C)(3) 1514797 Fellowships Support Northeastern University 360 Huntington Ave Boston MA 02115 041679980 501(C)(3) 94109 Fellowships Support Southern Methodist PO Box 750261 Dallas TX 75275 750800689 501(C)(3) 9000 Fellowships Support Tufts University 169 Holland Street Somerville MA 02144 042103634 501(C)(3) 163610 Fellowships Support University of South Florida 3650 Spectrum Blvd Tampa FL 33612 593102112 GOV'T 61269 Fellowships Support William Marsh Rice University 6100 Main Street Houston TX 77005 741109620 501(C)(3) 43765 Fellowships Support 10 0 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 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 SUPPORT GRANTS TO FIT WITHIN THE OVERALL HIRING PLAN, 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. AT THE END OF THE FISCAL YEAR, A RECONCILIATION IS DONE TO CLOSE OUT THE ORDER. X X X true true X X X X X false true false true false false false false false Elizabeth Mora CHIEF ADMINISTRATIVE OFFICER 347543 0 103381 0 29104 0 160580 0 8479 0 649087 0 0 0 Darryl G Sargent VP OF NAT'L SECURITY & SPACE 344288 0 60621 0 9361 0 -105943 0 21691 0 330018 0 0 0 John R Dowdle VP of Engineering 326346 0 59333 0 29608 0 -45913 0 21681 0 391055 0 0 0 Steven DiTullio VP OF STRATEGIC SYSTEMS 305573 0 59228 0 41525 0 -21419 0 21658 0 406565 0 0 0 Tara S Clark VP OF Commercial Programs 236356 0 52467 0 18000 0 74722 0 22893 0 404438 0 0 0 Melinda J Brown DIRECTOR OF LEGAL & SECRETARY 229156 0 33513 0 15529 0 24350 0 13378 0 315926 0 0 0 Paul Rosenstrach Principal Director Technical 261768 0 49962 0 26424 0 26367 0 21694 0 386215 0 0 0 Robert Durkin Principal Dir Administration 173728 0 35277 0 4108 0 17990 0 8871 0 239974 0 0 0 PHIL KEATING Program Director 213432 0 8999 0 139221 0 23396 0 39986 0 425034 0 0 0 ANTHONY S KOUREPENIS PRINCIPAL DIR TECHNICAL 264836 0 53387 0 15915 0 26685 0 21418 0 382241 0 0 0 FRANK J SERNA PRINCIPAL DIR MARKETING 242868 0 44197 0 34091 0 26392 0 31277 0 378825 0 0 0 NEIL J ADAMS Program Director 242811 0 53814 0 5715 0 25840 0 30941 0 359121 0 0 0 HEIDI C PERRY Engineering Director 238820 0 34044 0 9401 0 25151 0 31158 0 338574 0 0 0 John Barry Principal Dir Adm. (Thru 3/17) 175210 4457 0 20103 0 23320 0 5049 0 228139 0 0 0 Kaigham Ken Gabriel President and CEO 467156 0 233870 0 20615 0 187881 0 22207 0 931729 0 0 0 Schedule J, Part I, Line 1a 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 thirteen board members, and three officers. 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 three board members, and two officers. 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 INTENTED TO ENSURE THAT, SHOULD THE EMPLOYEE PURCHASE AN ANNUITY, THAT ANNUITY WILL PROVIDE THE EQUIVALENT OF A PENSION PAYMENT. NO DISTRIBUTIONS WERE MADE DURING CALENDAR YEAR 2016. SCHEDULE J, PART I, LINE 3 THE COMPENSATION COMMITTEE ALSO VOTES TO APPROVE THE COMPENSATION OF THE CEO AND OFFICERS BASED ON THEIR SURVEYS WHICH INCLUDES THIRD PARTY SURVEYS OF COMPARABLE ORGANIZATIONS THROUGHOUT THE COUNTRY. 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 2016. The amounts described are reported on Schedule J Part II column C. Kaigham (Ken) Gabriel: $160,996 John R. Dowdle: ($72,259) Elizabeth Mora: $134,376 Darryl G. Sargent: ($132,025) Steven DiTullio: ($48,553) Tara S. Clark: $48,759 Schedule J, Part I, Line 5a 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 FOUR PRIOR YEAR 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 DRAPER AND REPORTED TO THE BOARD ANNUALLY. ELIZABETH T ADALSTEINSSON DOWDLE FAMILY MEMBER TO OFFICER 89578 EMPLOYEE OF DRAPER false RUSSELL E SARGENT FAMILY MEMBER TO OFFICER 145216 EMPLOYEE OF DRAPER false NIVAIR H GABRIEL FAMILY MEMBER TO OFFICER 15216 EMPLOYEE OF DRAPER false FORM 990, PART VI, LINE 6 & 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 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 OF ACCOUNTING PERFORMS AN INITIAL REVIEW BEFORE PROVIDING TO THE CAO AND PRESIDENT TO 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 ORGANIZATIONS INTRANET. FORM 990, PART VI, LINE 12C DRAPER SENDS AN ANNUAL DISCLOSURE REQUEST TO EACH BOARD MEMBER, OFFICER, AND KEY EMPLOYEE WITH AN EXTENSIVE SET OF QUESTIONS PERTAINING TO RELATIONSHIPS AND FINANCIAL INTERESTS WITH THE LABORATORY. 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 XI, LINE 9 FAS 158 PENSION & POST RETIREMENT PLAN 27,450,135 ROUNDING 946 ---------- total 27,451,081 TAX YEAR THE ORGANIZATION'S FISCAL CALENDAR YEAR 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 30, 2017 AND CONTAINED 52 WEEKS.