2018-04-09T12:30:09-05:00 2017-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2016-07-01 311668672 Measured Progress Inc MEAS 6037499102 100 Education Way Dover NH 03820 Shelly Craig Chief Financial Officer 6037499102 2018-04-06 1 Barbara J McGuan CPA P00219457 2077752387 2018-04-06 69.49.157.66 2018-04-06 16:12:19 ED P 5294F564B00A52513F48CE399B525CEF5AD90A46 110E64D7D7C632CB204D3607306484447A51AD6C 2016 2021-01-29 14:40:06Z Martin Borg 100 Education Way Dover NH 03820 101863538 0 X www.measuredprogress.org X 1999 NH Improve teaching and learning by providing customized assessment products and educational services 7 5 386 0 0 0 0 0 87898164 100704073 -231431 10789 197 46981 87666930 100761843 48364 79426 0 0 32113097 36420171 0 0 0 52534926 66045460 84696387 102545057 2970543 -1783214 125186177 127956405 96699253 102480397 28486924 25476008 To improve teaching and learning by providing customized assessment products and educational services. 0 0 88135919 79426 100704073 Measured Progress, Inc. provides large-scale, special population and targeted educational assessment services and products to various state and local educational systems in the United States. Services and products include the complete development and production of software. 88135919 1 0 0 0 0 0 1 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 337 0 1 386 1 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NH NY OR X Shelly Craig 6037499102 100 Education Way Dover NH 03820 Martin Borg President/Director 37.50 1.00 X X 387021 0 47312 Richard Swartz Senior VP/Director 37.50 0.00 X X 306124 0 47467 Daniel Caton Chair/Director 3.00 0.00 X X 23250 0 0 Mark Elgart Secretary 3.00 0.00 X X 20500 0 0 Karen Cowe Director 3.00 0.00 X 20500 0 0 Tim Loomer Director 3.00 0.00 X 15500 0 0 Paul Ramsey Director 3.00 0.00 X 5500 0 0 Alice Irby Past Chair/Director 3.00 0.00 X X 22500 0 0 Stuart Kahl Founding Principal/Director 37.50 1.00 X 287072 0 46140 James Bowen CIO/COO 37.50 0.00 X 277361 0 44927 Shelly Craig CFO & Treasurer 37.50 1.00 X 210544 0 41371 Catherine Taylor Past Sr. VP, Measurement Solutions 37.50 0.00 X 219572 0 33115 David Christopher Picou VP Information Technology 37.50 0.00 X 219201 0 43599 Candance McCloy VP Human Resources 37.50 1.00 X 210850 0 36720 Margie McCaw VP Client Services 37.50 0.00 X 209786 0 4115 Jennifer Dunn Past Sr. Advisor Measurement Svcs. 37.50 0.00 X 186915 0 32277 2622196 0 377043 63 0 1 0 NCS Pearson 13036 Collection Center Drive Chicago IL 60693 Subcontractor Assessment Services 8321643 Kelly Services PO Box 820405 Philadelphia PA 19182 Temporary Staffing 6272900 Flagship Press 150 Flagship Drive North Andover MA 01845 Printing & Production 5127556 eMetric 211 North Loop 1604 East Suite 170 San Antonio TX 78232 Subcontractor Testing Services 4225755 Breakthrough Technology 1880 Oak Avenue Suite 300 Evanston IL 60201 Software Development Services 3880920 79 Contract Revenue 611710 100704073 100704073 100704073 1868 1868 46981 0 46981 46981 46981 1110616 1101695 8921 8921 8921 100761843 100704073 0 57770 X 74426 74426 5000 5000 1803089 1446344 356745 26668912 21392420 5276492 1060428 1001341 59087 4846247 4150212 696035 2041495 1749467 292028 107571 106385 1186 70308 70308 42282405 42045113 237292 717151 41510 675641 2377822 2377822 2018208 1320435 697773 4685368 3241792 1443576 2982155 2535649 446506 147716 29210 118506 731153 731153 5323225 5142688 180537 260201 260201 Service Center Costs 3939395 3705830 233565 Dues & Sponsorships 402782 148097 254685 102545057 88135919 14409138 0 X 18705442 11854453 18807508 28437855 943818 1296021 26309852 18658365 7192709 7651487 4122358 2531952 2672204 2617547 72742138 73567090 125186177 127956405 9072866 13807923 2784498 4193859 9935016 9462576 7246541 6080153 67660332 68935886 96699253 102480397 X 28486924 25476008 28486924 25476008 125186177 127956405 X -1783214 -2122346 894644 X 0 1 X 1 0 X 101421855 93805233 89428573 87898164 100704073 473257898 101421855 93805233 89428573 87898164 100704073 473257898 0 0 0 473257898 52566 6498 5007 3366 48849 116286 52566 6498 5007 3366 48849 116286 101474421 93811731 89433580 87901530 100752922 473374184 0.99980 0.99970 0.00020 0.00030 X X 1 11.16 0 0 0 1 0 0.00 0 1 428542 395613 32929 8640530 7359082 1281448 17240780 10903670 6337110 7651487 Due From Related Parties 67828950 Security Deposits 103930 Intellectual Property 5634210 73567090 Due to Intercompany 68011821 Interest Rate Swap 924065 68935886 X Part II, Line 5: The City of Dover, NH is the party responsible for monitoring the easement annually, and provides Measured Progress with an easement monitoring report. Part II, Line 9: The conservation easement is not reported in the financial statements. Part X, Line 2: Measured Progress and its subsidiary, 171 Watson Road, have been recognized by the Internal Revenue Service as tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code (the Code). As such, they are exempt from federal income tax on related income. Advanced Systems is a for-profit organization which files federal and state income tax returns. Certain net operating losses of the taxable subsidiary, Advanced Systems, of approximately $1,307,000 at June 30, 2017 and 2016, generate a potential deferred tax asset of approximately $477,000. The losses begin to expire in 2022. No asset has been recorded as this amount is offset by a valuation allowance of the same amount, as it is management's judgment that is more likely than not that the benefit of such losses will not be realized. There was no change in valuation allowance in 2017 and 2016. The Company follows the accounting guidance for uncertainty in income taxes using the provisions of FASB Accounting Standards Codification 740, Income Taxes. Using that guidance, tax positions initially need to be recognized in the consolidated financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. Such tax positions initially and subsequently need to be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on tax returns, and that its accruals for tax liabilities are adequate based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. The Company has not historically had significant amounts of interest or penalties related to income taxes and any such amount would be recorded as income tax expense. In addition, Management has also evaluated the tax positions of Measured Progress and 171 Watson Road, and concluded they have maintained their tax exempt status, properly addressed their unrelated business income, and have taken no uncertain tax positions that require adjustment or disclosure to the consolidated financial statements. 1 Monarch School of New England 61 Eastern Avenue Rochester NH 03867 020315196 501(c)(3) 20000 New High School facility support Wentworth Douglas Hospital 789 Central Avenue Dover NH 03820 020260334 501(c)(3) 10000 General Operating Support 2 0 Flygare Scholarship 1 5000 0 Part I, Line 2: The Organization only makes donations to organizations that are 501(c)(3) public charities. Additional monitoring is not deemed necessary. Measured Progress created the Flygare Scholarship to be awarded each year to a student by application. The scholarship is awarded to a deserving, well-rounded college upperclassman who demonstrates the qualities of academic success, leadership, service, and extra-curricular involvement. X X X X 0 0 0 0 0 0 0 1 0 Martin Borg President/Director 306361 0 69694 0 10966 0 15900 0 31412 0 434333 0 0 0 Richard Swartz Senior VP/Director 245823 0 50470 0 9831 0 15560 0 31907 0 353591 0 0 0 Stuart Kahl Founding Principal/Director 241738 0 40000 0 5334 0 15000 0 31140 0 333212 0 0 0 James Bowen CIO/COO 227911 0 46968 0 2482 0 14340 0 30587 0 322288 0 0 0 Shelly Craig CFO & Treasurer 170618 0 39375 0 551 0 10710 0 30661 0 251915 0 0 0 Catherine Taylor Past Sr. VP, Measurement Solutions 174001 0 40237 0 5334 0 10807 0 22308 0 252687 0 0 0 David Christopher Picou VP Information Technology 185975 0 24512 0 8714 0 12137 0 31462 0 262800 0 0 0 Candance McCloy VP Human Resources 165109 0 33725 0 12016 0 10426 0 26294 0 247570 0 0 0 Margie McCaw VP Client Services 182140 0 25841 0 1805 0 2148 0 1967 0 213901 0 0 0 Jennifer Dunn Past Sr. Advisor Measurement Svcs. 168843 0 13902 0 4170 0 10910 0 21367 0 219192 0 0 0 Part I, Line 7 All employees are eligible to earn a bonus equal to a percentage of salary based on the operating results of the Organization. The bonus amounts are capped and are considered in all compensation analysis. A New Hampshire Health and Education Authority 020279866 2011-06-29 10458322 Refinance Debt and Property 0 0 1 A 995746 10458322 40587 10417735 2015 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 1 TD Bank 10.000000000000 0 0 0 0 0 A 1 Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent, outside accounting firm. A draft of the Form 990 was provided to the Board of Directors for review before filing the return. Form 990, Part VI, Section B, line 12c Each member of the Board of Directors must disclose conflicts of interest annually. If any matter comes before the Board in such a way as to give rise to a conflict of interest, the affected Director must disclose the interest in good faith in advance of any Board action or discussion, as well as any relevant and material facts that might reasonably be construed to be adverse to Measured Progress. The affected Director must also withdraw from the meeting after fulfilling the above requirements as long as the matter is under discussion. The affected Director may not participate in any vote related to the transaction or contract in question. Form 990, Part VI, Section B, line 15 The Organization maintains a compensation program which benchmarks salaries for key employees and officers against external market data for comparable organizations. Authorization follows a formal approval process. The Executive Compensation Committee of the Board of Directors is comprised of external Board members. This group is responsible for reviewing, on an annual basis, the salaries of the President and Chief Executive Officer (CEO). The review includes consideration of external market data from comparable organizations. The Board of Directors formally approves the compensation established for the President & CEO. The establishment of key employee salaries follows a formal review and approval process, which also includes an analysis of external market data and salary surveys from comparable organizations. Form 990, Part VI, Section C, line 19 The Organization fully complies with all legal disclosure requirements and makes its governing documents, conflict of interest policy, and financial statements available upon request. Form 990, Part VI, Section A, Line 1: Alice Irby, Daniel Caton, Karen Cowe, Tim Loomer, Dr. Paul Ramsey, and Mark Elgart received a stipend for serving as board members of Measured Progress, Inc. They received no compensation for services rendered to the Organization as employees or independent contractors. In accordance with IRS instructions, these individuals have been listed on Part VI, Line 1b as independent board members. Form 990, Part IX, line 11g Other Fees: Program service expenses 12,172,118. Management and general expenses 104,371. Fundraising expenses 0. Total expenses 12,276,489. Consulting Fees: Program service expenses 29,872,995. Management and general expenses 132,921. Fundraising expenses 0. Total expenses 30,005,916. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Measured Progress, Inc. 100 Education Way Dover, NH 03820 EIN: 31-1668672 Section 1.263(a)-3(n) Election: Measured Progress, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Interest Rate Swap 894,644. Form 990, Part XI, line 8 Prior Period Adjustments Prior Period Adjustments consist of the following: Prior Period Adjustment per audited financial statements pertaining to errors in recognition of contract revenue: ($531,937) Prior Period Adjustment attributable to reported value of investment in subsidiary: ($1,590,409) Total Prior Period Adjustments: ($2,122,346) 171 Watson Road of Dover Holding Corporation 100 Educational Way Dover NH 03820 200672817 Owns land and buildings of Measured Progress, Inc. NH 501(c)(3) Line 12a, I Measured Progress Inc 1 Advanced Systems in Measurement Inc 100 Education Way Dover NH 03820 020378394 Assessment (Inactive) NH Measured Progress Inc C 7215593 1.00000 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 171 Watson Road of Dover Holding Corp K 2168966 Cash Transferred