Civic Intelligence

Change the Equation Inc

990 • Fiscal year 2017 • EIN 27-2107952

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 13, 2018

9008 Seneca LaneBethesda, MD 20817

(301) 520-0700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-699%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

100th percentile

$488,324

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 146.6% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-74%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $2,561,784 (-100%) from 2016

Net Assets

Down

$0

Down $2,329,639 (-100%) from 2016

Liabilities

Down

$0

Down $232,145 (-100%) from 2016

Revenue

Down

$333,179

Down $965,424 (-74%) from 2016

Expenses

Up

$2,662,818

Up $976,181 (+58%) from 2016

Net Income

Down

-$2,329,639

Down $1,941,605 (-500%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $4,369,803Liabilities 2010: $2,535,297Net Assets 2010: $1,834,5062010Assets 2011: $5,506,107Liabilities 2011: $2,084,175Net Assets 2011: $3,421,9322011Assets 2013: $4,584,308Liabilities 2013: $715,646Net Assets 2013: $3,868,6622013Assets 2014: $4,238,112Liabilities 2014: $690,913Net Assets 2014: $3,547,1992014Assets 2015: $3,203,020Liabilities 2015: $485,347Net Assets 2015: $2,717,6732015Assets 2016: $2,561,784Liabilities 2016: $232,145Net Assets 2016: $2,329,6392016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $1,055,2052010Expenses 2011: $1,901,1412011Revenue 2013: $2,198,091Expenses 2013: $1,708,834Net Income 2013: $489,2572013Revenue 2014: $1,901,095Expenses 2014: $2,222,558Net Income 2014: -$321,4632014Revenue 2015: $1,358,311Expenses 2015: $2,187,837Net Income 2015: -$829,5262015Revenue 2016: $1,298,603Expenses 2016: $1,686,637Net Income 2016: -$388,0342016Revenue 2017: $333,179Expenses 2017: $2,662,818Net Income 2017: -$2,329,6392017

Highlighted filing

2017

Revenue$333,179
Expenses$2,662,818
Net Income-$2,329,639
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 13, 2018
Return Version
2017v2.2
Gross Receipts
$372,721
Mission and Program Overview

Mission

Change the equation's (cteq) mission is to create widespread literacy in science, technology, engineering and mathematics (stem) as an investment in our nation that empowers us all. Cteq helps to engage young people, in particular, underrepresented groups, in stem learning that will enable them to succeed in post-secondary education, hold rewarding jobs, and participate fully as citizens.

Change the equation's mission is to ensure that every u.s. High school graduate is literate in science, technology, engineering and math (stem). The organization helps to engage young people, in particular, low-minority students, in stem learning that will enable them to succeed in post- secondary education, hold rewarding jobs, and participate fully as citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,276,067--
Cash and Non-Interest-Bearing Accounts$179,002--
Accounts Receivable$48,073--
Intangible Assets$44,584--
Land, Buildings, and Equipment, Net$8,886--
Prepaid Expenses and Deferred Charges$5,172--
Total Assets$2,561,784$0▼ $2,561,784
Liabilities
Deferred Revenue$162,500--
Accounts Payable and Accrued Expenses$69,645--
Total Liabilities$232,145$0▼ $232,145
Net Assets / Fund Balance
Unrestricted Net Assets$2,136,346--
Temporarily Rstr Net Assets$193,293--
Total Net Assets Fund Balance$2,329,639$0▼ $2,329,639
Total Liabilities and Net Assets / Fund Balance$2,561,784$0▼ $2,561,784
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda P Rosen Phd - ChiefExecutive ofFT$469,847$18,477$488,324
Linda P Rosen Phd - ChiefExecutive Officer-$294,847$193,477$488,324
Claus Von Zastrow - ChiefOperating ofFT$245,495$26,228$271,723
Claus Von Zastrow - ChiefOperating Officer-$162,995$108,728$271,723

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
West EdResearch730 HARRISON STREET, San Francisco, CA 94107$137,100
Loeb And LoebLegal10100 SANTA MONICA BLVD, Los Angeles, CA 90067$103,983
Revenue and Support

Revenue Composition

Contributions and Grants
$366,608
Program Service Revenue
$0
Investment Income
$-33,429
Other Revenue
$0
All Other Contributions
$20,775
Change in Net Assets
$-2,329,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,042,396
Salaries, Compensation, and Employee Benefits$865,504
Other Expenses$737,418
Professional Fundraising Fees$17,500
Total Fundraising Expense$17,500

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,042,396--$1,042,396
Current Officers, Directors, Trustees, and Key Employees$681,872$42,114-$723,986
Fees for Services Other$310,852--$310,852
Occupancy$134,923$16,052-$150,975
Fees for Services Legal$93,583$10,400-$103,983
Other Salaries and Wages$69,523$13,567-$83,090
Fees for Services Accounting-$46,907-$46,907
Payroll Taxes$28,483$3,194-$31,677
Office Expenses$21,164$2,602-$23,766
Other Employee Benefits$17,917$3,998-$21,915
Fees for Services Professional Fundraising--$17,500$17,500
Depreciation Depletion$12,114$1,358-$13,472
Travel$7,193$1,665-$8,858
Information Technology$4,884$1,701-$6,585
Insurance-$4,965-$4,965
Pension Plan Contributions$3,954$882-$4,836
Other Expenses$30,813$254-$254
Total Functional Expenses$2,495,310$150,008$17,500$2,662,818
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
West EdSan Francisco, CA115(1)Stemworks Expansion$805,770
Education Commission of the StatesDenver, COC 3Data to Inform Csr$236,626
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$17,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

After approval by change the equation's ceo and coo/director of research, cteq's form 990 is filed with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Every cteq board member and officer annually signs a statement affirming that he or she (i.) has received a copy of the conflict of interest policy and (ii.) will comply with the policy. With respect to any board discussion or decision involving matters covered by this policy, the minutes of the board meeting at which such discussion or decision take place must reflect in detail the board deliberations and the voting process, specifically indicating that the director or officer whose situation was considered was not present in the room either during the discussion or for the vote. In addition, any market data or information considered by the board in approving or disapproving a proposed transaction covered by this policy must be attached to the minutes of the board meeting at which such consideration took place.

Form 990, Page 6, Part VI, Line 15A

The founding members of cteq retained the services of terra search partners, an executive search firm headquartered in california. Part of the practice of this search firm includes non-profits; the person leading the search for cteq presented comparable salary data for the ceo position to the founding members, who settled on the final amount. The gates foundation donated the services of the monitor group to help conceptualize compensation for each position. Once the benchmark salary level was set for the ceo, recommendations from the monitor group, experience and existing compensation levels of the individuals being hired were considered in making salary offers. An internal study was completed through the use of externally issued compensation studies as well as the review of 990 information tax returns available on guidestar. Salaries were compared from similarly sized organizations within the same geographic area. This data was compiled and provided to the board of directors for their review to ensure compensation levels were reasonable and consistent with industry standards.

Form 990, Page 6, Part VI, Line 19

Cteq makes its governing documents, conflict of interest policy and financial statements available for public inspection upon request. In addition, change the equation will maintain its form 990 in guidestar's database of information on non-profit organizations.

Filing and Contact Details

Filer

Filer Name
Change the Equation Inc
EIN
27-2107952
Phone
3015200700
Address
9008 SENECA LANE, BETHESDA, MD 20817

Signing Officer

Name
Linda P Rosen Phd - Chief
Title
Executive Officer
Phone
3015200700
Signed
2018-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda P Rosen Phd
Formed
2010
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
4
Volunteers
4

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Richard M Jones CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Change the equation's mission is to ensure that every u.s. High school graduate is literate in science, technology, engineering and math (stem). The organization helps to engage young people, in particular, low-minority students, in stem learning that will enable them to succeed in post- secondary education, hold rewarding jobs, and participate fully as citizens.

Form 990, Page 2, Part III, Line 3

Change the equation dissolved its corporation and ceased operations on december 14, 2017. All program services and activites ended on that day and remaining assets were transferred on december 6, 2017 to two separate not for profit organizations to continue the program services as developed by change the equation.

Form 990, Page 2, Part III, Line 4A

With overdeck support, cteq also mentored ten programs that had applied to gain entry to stemworks but did not quite make it over the bar. These programs have not yet reapplied to stemworks, but they valued the outside help in thinking about their offering. Cteq also selected a grantee to receive the ip for stemworks with the organization's impending dissolution. This involved a thoughtful, competitive process followed by negotiations with the ultimate grantee while keeping the initiative vibrant and current.

Form 990, Page 2, Part III, Line 4B

Advocacy for change. Cteq vital signs data have been cited by dozens of national and state media outlets across the country, and national legislators, state legislators, ceos, and at least two governors have used them to advocate for greater focus on stem learning. In 2017, cteq updated vital signs with new data as they became available and continued the process of creating tailored powerpoint presentations to make the case for strong stem education policies and programs in every state. In addition, cteq produced important new vital signs briefs and infographics featuring original data. The iowa governor's stem advisory council (september 2017) - learn more about the stem "edunomic development initiative" that has fueled a stem education renaissance in iowa and offers a model other states should aspire to. Ending the double disadvantage (brief and infographics) (july 2017) - students in the highest-poverty schools have the least access to critical stem resources, experiences, and classes. Strategies to help these schools are more crucial than ever. Will elementary science remain the forgotten stepchild of school reform? (infographics) (may 2017) - elementary school children are on a starvation diet of thin and infrequent science instruction. State policies can help change that. Will we make time for science and engineering in our elementary schools? (infographics) (march 2017) - elementary schools in states that adopted next generation science standards are spending more time on engineering but only if they devote class time to science. Engineering gains ground in k-12 schools (infographics) (february 2017) - new data show that efforts to make engineering part of the k-12 curriculum are beginning to pay off, especially in states that have adopted the next generation science standards. Cteq also selected a grantee to receive the ip for vital signs with the organization's dissolution. This involved a thoughtful, competitive process followed by negotiations with the ultimate grantee while keeping the initiative vibrant and current.

Form 990, Part IX, Line 11G

Consultants - other 27,717 0 0 public relations 13,185 0 0 strategic consultants 269,950 0 0 total 310,852 0 0

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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING DATA TO INFORM CORPORATE SOCIAL RESPONSIBILITY CHANGE THE EQUATION'S ROBUST, STATE-BY-STATE "VITAL SIGNS" REPORTS, WHICH PRESENT MORE THAN 50 INDICATORS FOR EACH STATE IN THE COUNTRY, PROVIDE THE RICHEST, MOST COMPLETE STATE-BY-STATE INFORMATION ON K-12 STEM EDUCATION EVER ASSEMBLED. THEY COMBINE PUBLICLY AVAILABLE DATA WITH NEW DATA GLEANED FROM NEW SOURCES OR REANALYSIS OF DATA IN EXISTING SOURCES. THE DATA ARE AVAILABLE IN BRIEF PDF REPORTS AS WELL AS IN AN INTERACTIVE WEBSITE THAT ALLOWS VISITORS TO EXPLORE STATE-BY-STATE DATA IN MORE DEPTH. THESE DATA ILLUMINATE CRITICAL AREAS OF NEED IN STEM EDUCATION, WHICH HELPS OUR CORPORATE PARTNERS BETTER TARGET THEIR INVESTMENTS IN STEM EDUCATION AND ADVOCACY FOR CHANGE. CTEQ VITAL SIGNS DATA HAVE BEEN CITED BY DOZENS OF NATIONAL AND STATE MEDIA OUTLETS ACROSS THE COUNTRY, AND NATIONAL LEGISLATORS, STATE LEGISLATORS, CEOS, AND AT LEAST TWO GOVERNORS HAVE USED THEM TO ADVOCATE FOR GREATER FOCUS ON STEM LEARNING. IN 2017, CTEQ UPDATED VITAL SIGNS WITH NEW DATA AS THEY BECAME AVAILABLE AND CONTINUED THE PROCESS OF CREATING TAILORED POWERPOINT PRESENTATIONS TO MAKE THE CASE FOR STRONG STEM EDUCATION POLICIES AND PROGRAMS IN EVERY STATE. IN ADDITION, CTEQ PRODUCED IMPORTANT NEW VITAL SIGNS BRIEFS AND INFOGRAPHICS FEATURING ORIGINAL DATA. THE IOWA GOVERNOR'S STEM ADVISORY COUNCIL (SEPTEMBER 2017) - LEARN MORE ABOUT THE STEM "EDUNOMIC DEVELOPMENT INITIATIVE" THAT HAS FUELED A STEM EDUCATION RENAISSANCE IN IOWA AND OFFERS A MODEL OTHER STATES SHOULD ASPIRE TO. ENDING THE DOUBLE DISADVANTAGE (BRIEF AND INFOGRAPHICS) (JULY 2017) - STUDENTS IN THE HIGHEST-POVERTY SCHOOLS HAVE THE LEAST ACCESS TO CRITICAL STEM RESOURCES, EXPERIENCES, AND CLASSES. STRATEGIES TO HELP THESE SCHOOLS ARE MORE CRUCIAL THAN EVER. WILL ELEMENTARY SCIENCE REMAIN THE FORGOTTEN STEPCHILD OF SCHOOL REFORM? (INFOGRAPHICS) (MAY 2017) - ELEMENTARY SCHOOL CHILDREN ARE ON A STARVATION DIET OF THIN AND INFREQUENT SCIENCE INSTRUCTION. STATE POLICIES CAN HELP CHANGE THAT. WILL WE MAKE TIME FOR SCIENCE AND ENGINEERING IN OUR ELEMENTARY SCHOOLS? (INFOGRAPHICS) (MARCH 2017) - ELEMENTARY SCHOOLS IN STATES THAT ADOPTED NEXT GENERATION SCIENCE STANDARDS ARE SPENDING MORE TIME ON ENGINEERING BUT ONLY IF THEY DEVOTE CLASS TIME TO SCIENCE. ENGINEERING GAINS GROUND IN K-12 SCHOOLS (INFOGRAPHICS) (FEBRUARY 2017) - NEW DATA SHOW THAT EFFORTS TO MAKE ENGINEERING PART OF THE K-12 CURRICULUM ARE BEGINNING TO PAY OFF, ESPECIALLY IN STATES THAT HAVE ADOPTED THE NEXT GENERATION SCIENCE STANDARDS. CTEQ ALSO SELECTED A GRANTEE TO RECEIVE THE IP FOR VITAL SIGNS WITH THE ORGANIZATION'S DISSOLUTION. THIS INVOLVED A THOUGHTFUL, COMPETITIVE PROCESS FOLLOWED BY NEGOTIATIONS WITH THE ULTIMATE GRANTEE WHILE KEEPING THE INITIATIVE VIBRANT AND CURRENT.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDING TAILORED SUPPORT TO CHANGE THE EQUATION COALITION MEMBERS CTEQ OFFERS CORPORATE MEMBERS OF ITS BUSINESS COALITION SPECIFIC GUIDANCE ON STRATEGIES AND INVESTMENTS THAT WILL STRENGTHEN THEIR CORPORATE SOCIAL RESPONSIBILITY IN STEM. WE ANALYZE DATA ON WORKFORCE AND EDUCATION NEEDS IN THEIR AREAS OF GEOGRAPHIC AND THEMATIC FOCUS, AND WE RECOMMEND STRATEGIES AND STEMWORKS PROGRAMS THAT ARE MOST LIKELY TO IMPROVE METRICS IN THOSE AREAS OF NEED.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0STEMWORKS EXPANSION
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0CLAUS VON ZASTROW - OFFICER OF CHANGE THE EQUATION WILL BECOME A PART TIME EMPLOYEE OF EDUCATION COMMISSION OF THE STATES, AN ORGANIZATION THAT RECEIVED A PORTION OF RESIDUAL NET ASSETS. LINDA ROSEN, A KEY EMPLOYEE OF CHANGE THE EQUATION RECEIVED A SEVERANCE PAYMENT UPON DISSOLUTION OF THE CORPORATION. CLAUS VON ZASTROW, AN OFFICER OF CHANGE THE EQUATION RECEIVED A SEVERANCE PAYMENT UPON DISOLUTION OF THE CORPORATION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHANGE THE EQUATION'S MISSION IS TO ENSURE THAT EVERY U.S. HIGH SCHOOL GRADUATE IS LITERATE IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM). THE ORGANIZATION HELPS TO ENGAGE YOUNG PEOPLE, IN PARTICULAR, LOW-MINORITY STUDENTS, IN STEM LEARNING THAT WILL ENABLE THEM TO SUCCEED IN POST- SECONDARY EDUCATION, HOLD REWARDING JOBS, AND PARTICIPATE FULLY AS CITIZENS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHANGE THE EQUATION DISSOLVED ITS CORPORATION AND CEASED OPERATIONS ON DECEMBER 14, 2017. ALL PROGRAM SERVICES AND ACTIVITES ENDED ON THAT DAY AND REMAINING ASSETS WERE TRANSFERRED ON DECEMBER 6, 2017 TO TWO SEPARATE NOT FOR PROFIT ORGANIZATIONS TO CONTINUE THE PROGRAM SERVICES AS DEVELOPED BY CHANGE THE EQUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WITH OVERDECK SUPPORT, CTEQ ALSO MENTORED TEN PROGRAMS THAT HAD APPLIED TO GAIN ENTRY TO STEMWORKS BUT DID NOT QUITE MAKE IT OVER THE BAR. THESE PROGRAMS HAVE NOT YET REAPPLIED TO STEMWORKS, BUT THEY VALUED THE OUTSIDE HELP IN THINKING ABOUT THEIR OFFERING. CTEQ ALSO SELECTED A GRANTEE TO RECEIVE THE IP FOR STEMWORKS WITH THE ORGANIZATION'S IMPENDING DISSOLUTION. THIS INVOLVED A THOUGHTFUL, COMPETITIVE PROCESS FOLLOWED BY NEGOTIATIONS WITH THE ULTIMATE GRANTEE WHILE KEEPING THE INITIATIVE VIBRANT AND CURRENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADVOCACY FOR CHANGE. CTEQ VITAL SIGNS DATA HAVE BEEN CITED BY DOZENS OF NATIONAL AND STATE MEDIA OUTLETS ACROSS THE COUNTRY, AND NATIONAL LEGISLATORS, STATE LEGISLATORS, CEOS, AND AT LEAST TWO GOVERNORS HAVE USED THEM TO ADVOCATE FOR GREATER FOCUS ON STEM LEARNING. IN 2017, CTEQ UPDATED VITAL SIGNS WITH NEW DATA AS THEY BECAME AVAILABLE AND CONTINUED THE PROCESS OF CREATING TAILORED POWERPOINT PRESENTATIONS TO MAKE THE CASE FOR STRONG STEM EDUCATION POLICIES AND PROGRAMS IN EVERY STATE. IN ADDITION, CTEQ PRODUCED IMPORTANT NEW VITAL SIGNS BRIEFS AND INFOGRAPHICS FEATURING ORIGINAL DATA. THE IOWA GOVERNOR'S STEM ADVISORY COUNCIL (SEPTEMBER 2017) - LEARN MORE ABOUT THE STEM "EDUNOMIC DEVELOPMENT INITIATIVE" THAT HAS FUELED A STEM EDUCATION RENAISSANCE IN IOWA AND OFFERS A MODEL OTHER STATES SHOULD ASPIRE TO. ENDING THE DOUBLE DISADVANTAGE (BRIEF AND INFOGRAPHICS) (JULY 2017) - STUDENTS IN THE HIGHEST-POVERTY SCHOOLS HAVE THE LEAST ACCESS TO CRITICAL STEM RESOURCES, EXPERIENCES, AND CLASSES. STRATEGIES TO HELP THESE SCHOOLS ARE MORE CRUCIAL THAN EVER. WILL ELEMENTARY SCIENCE REMAIN THE FORGOTTEN STEPCHILD OF SCHOOL REFORM? (INFOGRAPHICS) (MAY 2017) - ELEMENTARY SCHOOL CHILDREN ARE ON A STARVATION DIET OF THIN AND INFREQUENT SCIENCE INSTRUCTION. STATE POLICIES CAN HELP CHANGE THAT. WILL WE MAKE TIME FOR SCIENCE AND ENGINEERING IN OUR ELEMENTARY SCHOOLS? (INFOGRAPHICS) (MARCH 2017) - ELEMENTARY SCHOOLS IN STATES THAT ADOPTED NEXT GENERATION SCIENCE STANDARDS ARE SPENDING MORE TIME ON ENGINEERING BUT ONLY IF THEY DEVOTE CLASS TIME TO SCIENCE. ENGINEERING GAINS GROUND IN K-12 SCHOOLS (INFOGRAPHICS) (FEBRUARY 2017) - NEW DATA SHOW THAT EFFORTS TO MAKE ENGINEERING PART OF THE K-12 CURRICULUM ARE BEGINNING TO PAY OFF, ESPECIALLY IN STATES THAT HAVE ADOPTED THE NEXT GENERATION SCIENCE STANDARDS. CTEQ ALSO SELECTED A GRANTEE TO RECEIVE THE IP FOR VITAL SIGNS WITH THE ORGANIZATION'S DISSOLUTION. THIS INVOLVED A THOUGHTFUL, COMPETITIVE PROCESS FOLLOWED BY NEGOTIATIONS WITH THE ULTIMATE GRANTEE WHILE KEEPING THE INITIATIVE VIBRANT AND CURRENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AFTER APPROVAL BY CHANGE THE EQUATION'S CEO AND COO/DIRECTOR OF RESEARCH, CTEQ'S FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EVERY CTEQ BOARD MEMBER AND OFFICER ANNUALLY SIGNS A STATEMENT AFFIRMING THAT HE OR SHE (I.) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY AND (II.) WILL COMPLY WITH THE POLICY. WITH RESPECT TO ANY BOARD DISCUSSION OR DECISION INVOLVING MATTERS COVERED BY THIS POLICY, THE MINUTES OF THE BOARD MEETING AT WHICH SUCH DISCUSSION OR DECISION TAKE PLACE MUST REFLECT IN DETAIL THE BOARD DELIBERATIONS AND THE VOTING PROCESS, SPECIFICALLY INDICATING THAT THE DIRECTOR OR OFFICER WHOSE SITUATION WAS CONSIDERED WAS NOT PRESENT IN THE ROOM EITHER DURING THE DISCUSSION OR FOR THE VOTE. IN ADDITION, ANY MARKET DATA OR INFORMATION CONSIDERED BY THE BOARD IN APPROVING OR DISAPPROVING A PROPOSED TRANSACTION COVERED BY THIS POLICY MUST BE ATTACHED TO THE MINUTES OF THE BOARD MEETING AT WHICH SUCH CONSIDERATION TOOK PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDING MEMBERS OF CTEQ RETAINED THE SERVICES OF TERRA SEARCH PARTNERS, AN EXECUTIVE SEARCH FIRM HEADQUARTERED IN CALIFORNIA. PART OF THE PRACTICE OF THIS SEARCH FIRM INCLUDES NON-PROFITS; THE PERSON LEADING THE SEARCH FOR CTEQ PRESENTED COMPARABLE SALARY DATA FOR THE CEO POSITION TO THE FOUNDING MEMBERS, WHO SETTLED ON THE FINAL AMOUNT. THE GATES FOUNDATION DONATED THE SERVICES OF THE MONITOR GROUP TO HELP CONCEPTUALIZE COMPENSATION FOR EACH POSITION. ONCE THE BENCHMARK SALARY LEVEL WAS SET FOR THE CEO, RECOMMENDATIONS FROM THE MONITOR GROUP, EXPERIENCE AND EXISTING COMPENSATION LEVELS OF THE INDIVIDUALS BEING HIRED WERE CONSIDERED IN MAKING SALARY OFFERS. AN INTERNAL STUDY WAS COMPLETED THROUGH THE USE OF EXTERNALLY ISSUED COMPENSATION STUDIES AS WELL AS THE REVIEW OF 990 INFORMATION TAX RETURNS AVAILABLE ON GUIDESTAR. SALARIES WERE COMPARED FROM SIMILARLY SIZED ORGANIZATIONS WITHIN THE SAME GEOGRAPHIC AREA. THIS DATA WAS COMPILED AND PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW TO ENSURE COMPENSATION LEVELS WERE REASONABLE AND CONSISTENT WITH INDUSTRY STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CTEQ MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. IN ADDITION, CHANGE THE EQUATION WILL MAINTAIN ITS FORM 990 IN GUIDESTAR'S DATABASE OF INFORMATION ON NON-PROFIT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONSULTANTS - OTHER 27,717 0 0 PUBLIC RELATIONS 13,185 0 0 STRATEGIC CONSULTANTS 269,950 0 0 TOTAL 310,852 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
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