Measured Progress Inc

“Effective 12/31/2018, Measured Progress, Inc. merged with Cognia, Inc. (F/K/A Advance Education, Inc.). As part of the merger process, the Organization filed merger documents with the applicable state departments. COpies of these documents are attached to Form 990 as required.”

“The VP Finance provides all necessary information to the tax preparers. In succession, a draft of the 990s are reviewed by the VP Finance and the CFO. The CEO, CLO, and the Finance Committee of the Board review before the final is filed with the IRS.”

“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 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.”

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

“Daniel Caton, Karen Cowe, Ellen Haley, Paul Ramsey, Richard Swartz, Eugene White, Denise Borders, Jeff Keller, Mary Jo Kirchner, Jerry Peacock and Janet Womack received a stipend for serving as board members of the Measured Progress, Inc and Cognia, Inc. They received no compensation for services rendered to the Organization as employees or independent contractors. Prior to the merger with Cognia, Inc., Mark Elgart, President & CEO, of Cognia, Inc. served as Past Secretary of the Measured Progress, Inc. board.”

“Effective 12/31/2018, Measured Progress, Inc. merged with and into Cognia, Inc. (F/K/A Advance Education, Inc.). Upon merger, all program services provided by Messured Progress, Inc. were assumed by Cognia, Inc. (F/K/A Advance Education, Inc.), the surviving entity.”

“Other Fees: Program service expenses 3,446,914. Management and general expenses 60,262. Fundraising expenses 0. Total expenses 3,507,176. Consulting Fees: Program service expenses 8,068,755. Management and general expenses 45,115. Fundraising expenses 0. Total expenses 8,113,870.”

“Change in Interest Rate Swap -108,068. Net Assets Transferred Upon Merger -11,244,749.”