Measured Progress Inc

“Daniel Caton, Karen Cowe, Alice Irby, and Mark Elgart received a stipdend 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 therefore been listed in Part VI, Line 1b as independent board members.”

“The Form 990 is prepared by an independent, outside accounting firm. A draft of the Form 990 us provided to the Board of Directors for review before filing the return.”

“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.”

“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 Chief Executive Officer (CEO) and the President. The review includes consideration of external market data from comparable organizations. The Board of Directors formally approves the compensation established for the CEO and President. 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.”

“The Organization fully complies with all legal disclosure requirements and makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“John Parsons served as Chief Financial Officer of the Organization until May 31, 2015. He remained employed by the Organization through the end of the fiscal year and received no severance compensation until after the end of the fiscal year covered by this filing. Shelly Craig was appointed Chief Financial Officer on June 1, 2015. Prior to that appointment, she served as an employee of the Organization. As the 990 instructions stipulate that compensation and benefit information be reported on a calendar year basis, the compensation reported for Ms. Craig on Form 990, Part VII, Section A represents remuneration for her services as an employee of the Organization and does not represent salary and benefit information for her services as CFO. That compensation information will be reported on the Organization's 6/30/16 Form 990.”

“In 2015, based on changing needs in the marketplace, Measured Progress closed the operations of its Datawise platform. The impact of the shutdown is reported as discontinued operations.”

“Consulting and Temporary Labor: Program service expenses 21,867,830. Management and general expenses 3,619,151. Fundraising expenses 0. Total expenses 25,486,981.”

“Change in Interest Rate Swap -152,654.”

“The audit process has not changed from the prior year.”