2026-03-23T09:40:56-05:00 2025-06-27 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-06-29 042505372 CHARLES STARK DRAPER LABORATORY INC CHAR 6172581000 555 TECHNOLOGY SQUARE MS 34 CAMBRIDGE MA 02139 CARRIE GEORGE CFO & TREASURER 6177231000 2026-03-19 1 1 ERIN COUTURE P01390592 6177237900 2026-03-17 2024 2025-03-06 01:10:19Z JERRY WOHLETZ 555 TECHNOLOGY SQUARE MS 34 CAMBRIDGE MA 02139 986145984 0 X WWW.DRAPER.COM X 1973 MA PIONEER IN THE APPLICATION OF SCIENCE AND TECHNOLOGY IN THE NATIONAL INTEREST. 14 13 2738 0 80719 50633 2187553 1164568 851508845 941078629 13696828 7167145 3706122 -62240 871099348 949348102 3965526 4619412 0 0 427799615 484170755 0 0 0 398462960 430667646 830228101 919457813 40871247 29890289 817012224 900930023 264471724 295469920 552540500 605460103 DRAPER'S ENGINEERS DESIGN, DEVELOP AND DEPLOY ADVANCED TECHNOLOGY SOLUTIONS FOR THE WORLD'S MOST DIFFICULT AND IMPORTANT PROBLEMS. 0 0 791417422 4619412 941078629 DRAPER ENGINEERS SOLUTIONS THAT SERVE OUR NATIONAL SECURITY AND STATEGIC DEFENSE INTERESTS. FROM DEVELOPING, TESTING AND DELIVERING THE WORLD'S MOST ACCURATE SYSTEMS TO PROVIDING TECHNOLOGY ACROSS MULTIPLE DISCIPLINES TO ADDRESS OUR CUSTOMERS' MOST COMPLEX TECHNOLOGICAL CHALLENGES, BUILDING ON OUR HISTORIC 90-YEAR LEGACY, WE SUPPORT HUMANKIND'S DESIRE TO SURPASS THE BOUNDRIES OF OUR PLANET AND TO PROTECT, DEFEND AND EXTEND HUMAN LIFE THROUGH INNOVATION. WE ARE PROUD OF OUR LONG-STANDING COMMITMENT AS A CHAMPION OF U.S. MILITARY, SPACE AND NATIONAL SECURITY MISSIONS, ACROSS AIR, LAND AND SEA, AND WE ARE DEDICATED TO DRIVING MISSION SUCCESS FOR THE NATION. 791417422 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 398 0 1 2738 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 14 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA X VIVIAN ARTHUR 8575000661 555 TECHNOLOGY SQUARE MS 34 CAMBRIDGE MA 02139 X BETTY SAPP DIRECTOR 3.00 0.00 X 85000 0 0 DAVID B ARONOFF DIRECTOR 3.00 0.00 X 85000 0 0 LT GEN RET FRANCIS KEARNEY DIRECTOR 3.00 0.00 X 75000 0 0 DAVID R SHEDD DIRECTOR 3.00 0.00 X 110014 0 0 D RICK WILLIAMS DIRECTOR 3.00 0.00 X 85000 0 0 TERRY J BENEDICT DIRECTOR 3.00 0.00 X 85000 0 0 CYNTHIA COLLINS DIRECTOR 3.00 0.00 X 75000 0 0 WANDA A SIGUR DIRECTOR 3.00 0.00 X 75000 0 0 BARBARA STEVENS DIRECTOR 3.00 0.00 X 75000 0 0 AMR A ELSAWY CHAIRMAN 3.00 0.00 X 87500 0 0 SCOTT W MACKAY DIRECTOR 3.00 0.00 X 75000 0 0 JAMIE GOLDSTEIN DIRECTOR (AS OF 10/2024) 3.00 0.00 X 18750 0 0 JOHN SHAW DIRECTOR (AS OF 10/2024) 3.00 0.00 X 18750 0 0 JERRY WOHLETZ PRESIDENT AND CEO 40.00 0.00 X X 1793133 0 313139 MARY KIM SECRETARY, VP & GEN COUNSEL 40.00 0.00 X 421335 0 77717 MARJORIE QUANT CHIEF OPERATING OFFICER 40.00 0.00 X 465867 0 53365 CARRIE GEORGE CFO, TREASURER 40.00 0.00 X 317310 0 60711 ROBERT BACON VP, STRATEGIC SYSTEMS PROGRAMS 40.00 0.00 X 533189 0 123394 SARAH B LEEPER VICE PRESIDENT, ELECTRONIC SYSTEMS 40.00 0.00 X 485264 0 86677 ANTHONY S KOUREPENIS VICE PRESIDENT, ENGINEERING 40.00 0.00 X 515465 0 127865 FRANK J SERNA VP, USAF & MDA STRATEGIC SYSTEMS 40.00 0.00 X 491656 0 60996 NANCY LIGHTBODY VICE PRESIDENT, CHRO 40.00 0.00 X 448437 0 104364 JENNIFER SANTOS VP, CHIEF STRATEGY OFFICER 40.00 0.00 X 450581 0 51855 JULIA MACDONOUGH VP, GM AF & MD STATERGIC SYSTEMS 40.00 0.00 X 481444 0 92400 TARA CLARK - FORMER VP, OPERATIONS & COMMERCIAL PROGRAMS 0.00 0.00 X 395529 0 3907 7749224 0 1156390 1866 1 1 0 NAP CONSTRUCTION LLC 44 BORDER ST WEST WARWICK RI 02893 OUTSIDE SERVICES 14250336 ELYSIAN TECHNOLOGY INC 22A GREELEY ST MERRIMACK NH 03054 COMPUTER HARDWARE 7277392 CHAPMAN CONSTRUCTIONDESIGN COMPANY 84 WINCHESTER ST NEWTON MA 02461 OUTSIDE SERVICES 7077344 SOFTWORLD INC 281 WINTER ST WALTHAM MA 02451 STAFFING COMPANY 7038494 DIGITAL PROSPECTORS 100 DOMAIN DR SUITE 103 EXETER NH 03833 STAFFING COMPANY 6781746 242 822428 342140 1164568 PROGRAM REVENUE 541700 941078629 941078629 941078629 6752694 80719 6671975 15909 15909 194400 272549 -78149 -78149 -78149 36934784 5000 36525333 0 409451 5000 414451 414451 949348102 941078629 80719 7024186 4619412 4619412 6108464 6108464 92017 92017 349821802 313711800 36110002 37883639 30534873 7348766 62673006 49356143 13316863 27591827 22858291 4733536 2231198 1266557 964641 536280 536280 40289 40289 1114380 1114380 20638409 19029394 1609015 218500 218500 2637631 1520370 1117261 37690316 32741903 4948413 14671355 4471584 10199771 7967624 6478617 1489007 303536 243582 59954 4064574 4064574 31566036 16138976 15427060 2044291 57009 1987282 SUBCONTRACTS 180512530 180512530 0 OTHER MATERIALS 65462842 65423547 39295 OTHER INDIRECT 31704376 27172973 4531403 OUTSIDE SERVICES 27263479 15279861 11983618 919457813 791417422 128040391 0 29598048 66799349 108445061 21950070 136914230 166199212 60430725 70247247 695485800 412625731 254334284 282860069 91269763 151033859 115703443 119199523 0 0 20316670 22640694 817012224 900930023 113327990 127934317 41529625 65259321 3714282 1456728 89925476 86729245 15974351 14090309 264471724 295469920 X 552540500 605460103 552540500 605460103 817012224 900930023 X 29890289 20094684 2934630 X 0 1 X 1 1 1 X 3050415 5319072 4783662 2187553 1164568 16505270 27703989 28382486 36047967 12706707 29914933 134756082 30754404 33701558 40831629 14894260 31079501 151261352 151261352 4829101 12781932 15192266 12135543 6882284 51821126 72856 48345 51416 50633 223250 203305728 3904938512 0.74400 0.74220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 0 0 0 0 1 40289 0 0 40289 0 PART II-B, LINE 1, LOBBYING ACTIVITIES: DRAPER INCURRED LOBBYING EXPENSES RELATED TO EMPLOYEE COMPENSATION FOR GOVERNMENT OUTREACH. 35767716 35767716 278899969 155756848 123143120 11610196 10790317 819879 293560402 244019071 49541331 75647517 2059495 73588023 282860069 GLOBAL EQUITIES 54082206 F GLOBAL FIXED INCOME 6238462 F ABSOLUTE RETURN 4524243 F REAL ASSETS 2768026 F PRIVATE CAPITAL 14112268 F INSURANCE CONTRACTS AND OTHER 950874 F HEDGE FUNDS 36523444 F 119199523 LONG TERM LEASE LIABILITY 14090309 14090309 971535583 20094684 3207177 23301861 948233722 1114380 1114380 949348102 918615982 272549 272549 918343433 1114380 1114380 919457813 PART XI, LINE 2D - OTHER ADJUSTMENTS: FAS 158 PENSION & POST-RETIREMENT PLAN -487,598. MISC. INCOME/(LOSS) 147,159. RENTAL EXPENSE NETTED AGAINST REVENUE 272,549. OTHER COMPONENETS OF PERIODIC BENEFIT COSTS 9,252,432. NON-OPERATING EXPENSES -5,977,365. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED AGAINST REVENUE 272,549. EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES RESEARCH 1363417 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH 713537 NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 59490 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 53753114 0 1 0 0 0 1 55889558 0 55889558 1 0 1 1 1 0 PART I, LINE 2: NATURE OF ACTIVITIES IS NOT GRANT/ASSISTANCE BASED BUT IS SERVICES IN FURTHERANCE OF DRAPER'S EXEMPT PURPOSE. PART I, LINE 3: THE EXPENDITURES, PER REGION, ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. 1 BOSTON CHILDRENS HOSPITAL 300 LONGWOOD AVE BOSTON MA 02115 042774441 501(C)(3) 15308 0 RESEARCH MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVE CAMBRIDGE MA 02139 042103594 501(C)(3) 1740772 0 RESEARCH/SCHOLAR SUPPORT BOSTON UNIVERSITY 595 COMMONWEALTH AVE BOSTON MA 02115 050258809 501(C)(3) 502198 0 SCHOLAR SUPPORT BROWN UNIVERSITY 1 PROSPECT ST PROVIDENCE RI 02912 042103547 501(C)(3) 121448 0 SCHOLAR SUPPORT HARVARD UNIVERSITY 1350 MASSACHUSETTS AVE CAMBRIDGE MA 02138 042103580 501(C)(3) 310944 0 SCHOLAR SUPPORT NORTHEASTERN UNIVERSITY 360 HUNTINGTON AVE BOSTON MA 02115 041679980 501(C)(3) 168998 0 SCHOLAR SUPPORT PORTLAND STATE UNIVERSITY 1600 SW 4TH AVE PORTLAND OR 97207 930619733 501(C)(3) 68625 0 SCHOLAR SUPPORT PURDUE UNIVERSITY 610 PURDUE MALL WEST LAFAYETTE IN 47907 356002041 501(C)(3) 105803 0 SCHOLAR SUPPORT REGENTS OF THE UNIVERSITY OF COLORADO 1800 GRANT ST 800 DENVER CO 80203 846000555 501(C)(3) 621820 0 SCHOLAR SUPPORT TUFTS UNIVERSITY 169 HOLLAND ST SOMMERVILLE MA 02144 042103634 501(C)(3) 302839 0 SCHOLAR SUPPORT UNIVERSITY OF MASSACHUSETTS LOWELL 600 SUFFOLK STREET SUITE 415 LOWELL MA 01854 043167352 501(C)(3) 88109 0 SCHOLAR SUPPORT TEXAS A&M ENGINEERING EXPERIMENT STATION 1111 RELLIS PKWY BRYAN TX 778404030 741974733 501(C)(3) 77990 0 SCHOLAR SUPPORT WORCESTER POLYTECHNIC INSTITUTE 100 INSTITUTE RD WORCESTER MA 016092280 042121659 501(C)(3) 292506 0 SCHOLAR SUPPORT GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVE ATLANTA GA 30332 586002023 501(C)(3) 146054 0 SCHOLAR SUPPORT GEORGIA TECH RESEARCH CORPORATION PO BOX 100117 ATLANTA GA 303840117 580603146 501(C)(3) 55374 0 SCHOLAR SUPPORT 15 0 PART I, LINE 2: DRAPER HAS TWO TYPES OF GRANTS: SUB-AWARDS AND SCHOLAR 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 SCHOLAR SUPPORT GRANTS TO FIT WITHIN THE OVERALL TECHNOLOGY CONCENTRATION FOCUS AREAS IMPORTANT TO DRAPER AND OUR CUSTOMERS, THE AVAILABILITY OF SUPERVISORS AND GRADUATION DATES OF SCHOLARS 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 SCHOLAR GRANT, A RECONCILIATION IS PERFORMED TO CLOSE OUT THE PURCHASE ORDER. X 1 1 X X X X 1 1 0 0 0 1 0 1 0 JERRY WOHLETZ PRESIDENT AND CEO 875698 0 894435 0 23000 0 272905 0 40234 0 2106272 0 0 0 ROBERT BACON VP, STRATEGIC SYSTEMS PROGRAMS 397713 0 112476 0 23000 0 89512 0 33882 0 656583 0 0 0 ANTHONY S KOUREPENIS VICE PRESIDENT, ENGINEERING 386375 0 106090 0 23000 0 87961 0 39904 0 643330 0 0 0 JULIA MACDONOUGH VP, GM AF & MD STATERGIC SYSTEMS 383893 0 97551 0 0 0 52795 0 39605 0 573844 0 0 0 SARAH B LEEPER VICE PRESIDENT, ELECTRONIC SYSTEMS 386126 0 99138 0 0 0 52795 0 33882 0 571941 0 0 0 NANCY LIGHTBODY VICE PRESIDENT, CHRO 334539 0 90898 0 23000 0 81168 0 23196 0 552801 0 0 0 FRANK J SERNA VP, USAF & MDA STRATEGIC SYSTEMS 365553 0 103103 0 23000 0 38234 0 22762 0 552652 0 0 0 MARJORIE QUANT CHIEF OPERATING OFFICER 350740 0 92127 0 23000 0 51778 0 1587 0 519232 0 0 0 JENNIFER SANTOS VP, CHIEF STRATEGY OFFICER 346656 0 90125 0 13800 0 50907 0 948 0 502436 0 0 0 MARY KIM SECRETARY, VP & GEN COUNSEL 328635 0 92700 0 0 0 76753 0 964 0 499052 0 0 0 TARA CLARK - FORMER VP, OPERATIONS & COMMERCIAL PROGRAMS 0 0 3579 0 391950 0 3907 0 0 0 399436 0 0 0 CARRIE GEORGE CFO, TREASURER 267310 0 50000 0 0 0 33442 0 27269 0 378021 0 0 0 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 SEVEN BOARD MEMBERS AND TWO OFFICERS. PART I, LINE 4A: ONE FORMER OFFICER WHO WAS COVERED BY A SEPARATION AGREEMENT RECEIVED SEVERANCE AMOUNTS WHICH ARE REPORTED IN PART II, COLUMN B(III). PART I, LINE 4B: EFFECTIVE JULY 1, 2022, THE ORGANIZATION ADOPTED A LONG-TERM INCENTIVE PLAN FOR CERTAIN LISTED INDIVIDUALS. AMOUNTS ACCRUED UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). NO AMOUNTS WERE PAID UNDER THE PLAN IN CALENDAR YEAR 2024. PART I, LINE 6A: KEY MEMBERS OF 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 COMPONENT METRICS RELATED TO PROFITABILITY, STRATEGIC PLAN ACHIEVEMENT AND LEADERSHIP. OVERALL PROGRAM ACHIEVEMENT IS REVIEWED BY THE PRESIDENT OF DRAPER AND APPROVED BY THE HUMAN RESOURCE AND COMPENSATION COMMITTEE. PART I, LINE 7: PLEASE SEE RESPONSE TO PART I, LINE 4B ABOVE REGARDING THE ORGANIZATION'S LONG TERM INCENTIVE PLAN THAT INCLUDES AWARDS SUBJECT TO THE SATISFACTION OF CERTAIN CONDITIONS. FORM 990, PART VI, SECTION A, LINE 6 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. FORM 990, PART VI, SECTION A, LINE 7A 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. FORM 990, PART VI, SECTION A, LINE 7B ALL ACTIVITIES OF THE CORPORATION ARE CONDUCTED UNDER THE DIRECTION OF THE DULY ELECTED BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ADVISOR WITH INFORMATION PROVIDED BY MANAGEMENT. THE CORPORATE CONTROLLER PERFORMS AN INITIAL REVIEW BEFORE PROVIDING THE FORM 990 TO THE CFO FOR SECONDARY REVIEW. THE CEO ALSO PERFORMS A REVIEW OF THE DOCUMENT. A DRAFT COPY OF THE 990 IS PRESENTED TO THE AUDIT COMMITTEE FOR ACCEPTANCE AND THEN MADE AVAILABLE TO THE FULL BOARD OF DIRECTORS VIA THE ORGANIZATION'S ELECTRONIC BOARDROOM PLATFORM. THE CORPORATION THEN FILES THE FORM WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, 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 DRAPER. OFFICERS AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST REQUEST ELECTRONICALLY. OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES ARE NOTIFIED THAT THEIR COMPENSATION 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 AND LEGAL ADVISORS MAY ALSO BE CONSULTED. FORM 990, PART VI, SECTION B, LINE 15 DRAPER MAINTAINS A TEAM THAT 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 VICE PRESIDENTS ANNUALLY. THE COMPENSATION BUDGET AS A WHOLE IS PRESENTED TO THE BOARD COMPENSATION COMMITTEE FOR REVIEW AND APPROVAL. THE COMPENSATION COMMITTEE VOTES TO APPROVE THE COMPENSATION OF THE CEO AND VICE PRESIDENTS BASED ON THE SURVEYS WHICH INCLUDE THIRD PARTY SURVEYS OF PEER ORGANIZATIONS ACROSS THE COUNTRY. DECISIONS OF THE COMPENSATION COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, 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. 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 WERE 52 WEEKS IN FY2025 AND 52 WEEKS IN FY2024. FORM 990, PART XI, LINE 9: FAS 158 PENSION & POST RETIREMENT PLAN -487,598. MISC. INCOME / (LOSS) 147,159. OTHER COMPONENETS OF NET PERIODIC PENSION COSTS 9,252,432. NON-OPERATING EXPENSES -5,977,363. THE CHARLES STARK DRAPER LABORATORY INC RETIREE MEDICAL PAYMENTS TRUST - 21 ST LOUIS MO 63102 SUPPORT DRAPER BY PROVIDING POST-RETIREMENT MEDICAL BENEFITS MA 501(C)(3) LINE 12A, I CHARLES STARK DRAPER LABORATORY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0