TECHNOLOGY REVIEW INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- TECHNOLOGY REVIEW INC (EIN 95-4893200)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-07-13
- IRS object ID
- 202041959349300749
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-07-13T12:00:49-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954893200 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Technology Review Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TECH | BusinessNameControlTxt |
| Phone | 6174758000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Main Street 13th Floor | AddressLine1Txt |
| City | Cambridge | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02142 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ENEJDA XHEBLATI | PersonNm |
| Person Title | DIRECTOR OF FINANCE | PersonTitleTxt |
| Signature | 2020-07-13 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Elizabeth Bramson-Boudreau | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Main Street 13th Floor | AddressLine1Txt |
| City | Cambridge | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02142 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,603,000 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.technologyreview.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2002 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TECHNOLOGY REVIEW STRIVES TO BE THE WORLD'S BEST SOURCE FOR UNDERSTANDING EMERGING TECHNOLOGIES AND THEIR SOCIAL IMPACTS. WE SEE TECHNOLOGY AS CENTRAL TO OUR CULTURAL AND ECONOMIC WELL-BEING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 2 | VotingMembersIndependentCnt |
| Total Employee | 96 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $3,936,459 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $3,708,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $11,941,000 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $11,934,000 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,230,000 | PYOtherRevenueAmt |
| CY Other Revenue | $1,961,000 | CYOtherRevenueAmt |
| PY Total Revenue | $13,171,000 | PYTotalRevenueAmt |
| CY Total Revenue | $17,603,000 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,669,000 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,089,000 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,614,000 | PYOtherExpensesAmt |
| CY Other Expenses | $8,589,000 | CYOtherExpensesAmt |
| PY Total Expenses | $17,287,000 | PYTotalExpensesAmt |
| CY Total Expenses | $17,678,000 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$4,116,000 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$75,000 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,165,000 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,703,000 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $59,389,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,703,000 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$58,224,000 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TECHNOLOGY REVIEW AND TECHNOLOGYREVIEW.COM STRIVE TO BE THE WORLD'S BEST SOURCES FOR UNDERSTANDING EMERGING TECHNOLOGIES AND THEIR SOCIAL IMPACTS. LIKE MIT, WE SEE TECHNOLOGY AS CENTRAL TO OUR CULTURAL AND ECONOMIC WELL-BEING. HENCE, WE SEEK TO INSPIRE, EDUCATE, STIMULATE, ILLUMINATE, AND, WITH A QUESTIONING BUT OPEN MIND, FOSTER A SENSE OF WONDER AND INTRIGUE ABOUT THE WORLD AROUND US. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $16,236,000 | ExpenseAmt |
| Revenue | $7,997,541 | RevenueAmt |
| Desc | PUBLICATION OF A MAGAZINE | Desc |
| Total Program Service Expenses | $16,236,000 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 96 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 2 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Enejda Xheblati | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6174758013 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Main Street 13th Floor | AddressLine1Txt |
| City | Cambridge | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02142 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Elizabeth Bramson-Boudreau | |||||||||
| President, Publisher, and CEO | 40.0 | 4.0 | Yes (X) | Yes (X) | $359,317 | $0 | $59,529 | ||
| Martin Schmidt | |||||||||
| Chair | 2.0 | 60.0 | Yes (X) | Yes (X) | $0 | $705,016 | $75,424 | ||
| Whitney Espich | |||||||||
| Director | 1.0 | 40.0 | Yes (X) | $0 | $282,552 | $62,029 | |||
| Jerome Friedman | |||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Joichi Ito | |||||||||
| Director | 1.0 | 40.0 | Yes (X) | $0 | $276,861 | $61,847 | |||
| Israel Ruiz | |||||||||
| Director | 1.0 | 60.0 | Yes (X) | $0 | $770,726 | $56,185 | |||
| David Schmittlein | |||||||||
| Director | 1.0 | 40.0 | Yes (X) | $0 | $843,289 | $112,798 | |||
| Alan Spoon | |||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Enejda Xheblati | |||||||||
| Treasurer | 40.0 | 4.0 | Yes (X) | $121,167 | $0 | $31,755 | |||
| Doreen Adger | |||||||||
| Senior VP of Marketing | 40.0 | 0 | $257,593 | $0 | $32,995 | Yes (X) | |||
| David Rotman | |||||||||
| Editor | 40.0 | 0 | $194,781 | $0 | $19,389 | Yes (X) | |||
| Marii Sebahar | |||||||||
| VP of Sales | 40.0 | 0 | $260,567 | $0 | $23,688 | Yes (X) | |||
| Deborah Hanley | |||||||||
| Business Development Manager | 40.0 | 0 | $189,274 | $0 | $28,484 | Yes (X) | |||
| Gideon Lichfield | |||||||||
| Editor-In-Chief | 40.0 | 0 | $268,654 | $0 | $20,419 | Yes (X) | |||
| Kathleen Kennedy | |||||||||
| Former Director, Special Projects | 0.0 | 40.0 | $0 | $217,087 | $37,157 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,651,353 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $3,095,531 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $621,696 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 32 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| RREEF AMERICA REIT II CORP | ||||||
| 222 SOUTH RIVERSIDE PLAZA | 26TH FLOOR | CHICAGO | IL | 60606 | DISTRIBUTIONS | $1,144,116 |
| WMBE PAYROLLING INC | ||||||
| 9475 Chesapeake Drive | San Diego | CA | 92123 | STAFFING SERVICES | $448,904 | |
| JJS&A INC | ||||||
| 304 LAKESIDE DRIVE | SOUTHAMPTON | PA | 18966 | COMMERCIAL PRINTING | $444,623 | |
| ASENDIA USA INC | ||||||
| 701C ASHLAND AVE | FOLCROFT | PA | 19032 | SHIPPING | $443,867 | |
| QUAD GRAPHICS INC | ||||||
| 110 COMMERCE WAY | WOBURN | MA | 01801 | DIGITAL PRINTING | $336,570 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $3,708,000 | RelatedOrganizationsAmt |
| Total Contributions | $3,708,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Publication of a Magazine | Desc |
| Business | 511120 | BusinessCd |
| Total Revenue Column | $11,934,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,997,541 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $3,936,459 | UnrelatedBusinessRevenueAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $11,934,000 | TotalProgramServiceRevenueAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,961,000 | TotalRevenueColumnAmt |
| Exclusion | $1,961,000 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,603,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,997,541 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $3,936,459 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,961,000 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,000 | TotalAmt |
| Program Services | $216,000 | ProgramServicesAmt |
| Management And General | $364,000 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,777,000 | TotalAmt |
| Program Services | $6,235,000 | ProgramServicesAmt |
| Management And General | $542,000 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $822,000 | TotalAmt |
| Program Services | $757,000 | ProgramServicesAmt |
| Management And General | $65,000 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $448,000 | TotalAmt |
| Program Services | $412,000 | ProgramServicesAmt |
| Management And General | $36,000 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $462,000 | TotalAmt |
| Program Services | $425,000 | ProgramServicesAmt |
| Management And General | $37,000 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,233,000 | TotalAmt |
| Program Services | $840,000 | ProgramServicesAmt |
| Management And General | $393,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,000 | TotalAmt |
| Management And General | $1,000 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,000 | TotalAmt |
| Management And General | $4,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,388,000 | TotalAmt |
| Program Services | $1,388,000 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $531,000 | TotalAmt |
| Program Services | $531,000 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,035,000 | TotalAmt |
| Program Services | $2,035,000 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $592,000 | TotalAmt |
| Program Services | $592,000 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,195,000 | TotalAmt |
| Program Services | $1,195,000 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $309,000 | TotalAmt |
| Program Services | $309,000 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $838,000 | TotalAmt |
| Program Services | $838,000 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,000 | TotalAmt |
| Program Services | $254,000 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Publication Expenses | $110,000 | $110,000 |
| Equipment | $6,000 | $6,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,000 | TotalAmt |
| Program Services | $93,000 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,678,000 | TotalAmt |
| Program Services | $16,236,000 | ProgramServicesAmt |
| Management And General | $1,442,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,000 | BOYAmt |
| EOY | $42,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,357,000 | BOYAmt |
| EOY | $6,233,000 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$2,080,000 | BOYAmt |
| EOY | -$2,214,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,344,000 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,702,000 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $816,000 | BOYAmt |
| EOY | $642,000 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,165,000 | BOYAmt |
| EOY | $4,703,000 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,397,000 | BOYAmt |
| EOY | $2,628,000 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,942,000 | BOYAmt |
| EOY | $1,126,000 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,050,000 | BOYAmt |
| EOY | $949,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,389,000 | BOYAmt |
| EOY | $4,703,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$58,224,000 | BOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$58,224,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,165,000 | BOYAmt |
| EOY | $4,703,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$75,000 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $58,224,000 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $75,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS INSTITUTE OF TECHNOLOGY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103594 | EIN |
| Organization Type | 2 | OrganizationTypeCd |
| Governing Document Listed | Yes (true) | GoverningDocumentListedInd |
| Support | $0 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (true) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | false | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | false | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | false | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (true) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | false | OperateBenefitNonSuprtOrgInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,238,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $839,000 | DepreciationAmt |
| Book Value | $399,000 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,106,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $863,000 | DepreciationAmt |
| Book Value | $243,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $642,000 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED SUBSCRIPTIONS | $911,000 |
| OTHER LIABILITIES | $38,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $949,000 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | FormAndLineReferenceDesc |
| Explanation | TECHNOLOGY REVIEW, INC. IS A SUBSIDIARY OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT). TECHNOLOGY REVIEW INC.'S FINANCIAL STATEMENTS ARE PREPARED AND AUDITED ON A CONSOLIDATED BASIS WITH MIT. ON DECEMBER 22, 2017, THE TAX CUTS AND JOBS ACT (THE "ACT") WAS ENACTED. THE ACT IMPACTS THE INSTITUTE IN SEVERAL WAYS, INCLUDING BY IMPOSING EXCISE TAXES ON CERTAIN EXECUTIVE COMPENSATION AND NET INVESTMENT INCOME, AND ESTABLISHING NEW RULES FOR CALCULATING UNRELATED BUSINESS TAXABLE INCOME. MIT HAS REFLECTED THE TAX ASSETS, LIABILITIES, AND PAYABLES IN THE FINANCIAL STATEMENTS BASED ON REASONABLE ESTIMATES UNDER THE CURRENTLY AVAILABLE REGULATORY GUIDANCE ON THE ACT. THE INSTITUTE CONTINUES TO EVALUATE THE IMPACT OF THE ACT ON CURRENT AND FUTURE TAX POSITIONS. US GAAP REQUIRES MIT TO EVALUATE TAX POSITIONS TAKEN BY THE INSTITUTE TO RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE INSTITUTE HAS TAKEN AN UNCERTAIN TAX POSITION THAT, MORE LIKELY THAN NOT, WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MIT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2019, THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, APART FROM THOSE IMPACTED BY THE ACT. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| East Asia and the Pacific | 0 | 0 | Program Services,Conference Travel | CONFERENCES AND MEETINGS | $42,430 |
| Middle East and North Africa | 0 | 0 | Program Services,Conference Travel | CONFERENCES AND MEETINGS | $6,813 |
| North America (Canada & Mexico only) | 0 | 0 | Program Services,Conference Travel | CONFERENCES AND MEETINGS | $9,203 |
| South Asia | 0 | 0 | Program Services,Conference Travel | CONFERENCES AND MEETINGS | $4,495 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services,Conference Travel | CONFERENCES AND MEETINGS | $47,712 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $110,653 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $110,653 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (true) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (true) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Elizabeth Bramson-Boudreau | ||||||||||||||
| President, Publisher, and CEO | $284,642 | $0 | $74,675 | $0 | $0 | $0 | $32,722 | $0 | $26,807 | $0 | $418,846 | $0 | $0 | $0 |
| Martin Schmidt | ||||||||||||||
| Chair | $0 | $666,172 | $0 | $0 | $0 | $38,844 | $0 | $44,000 | $0 | $31,424 | $0 | $780,440 | $0 | $0 |
| Whitney Espich | ||||||||||||||
| Director | $0 | $272,552 | $0 | $10,000 | $0 | $0 | $0 | $32,722 | $0 | $29,307 | $0 | $344,581 | $0 | $0 |
| Joichi Ito | ||||||||||||||
| Director | $0 | $276,151 | $0 | $0 | $0 | $710 | $0 | $35,750 | $0 | $26,097 | $0 | $338,708 | $0 | $0 |
| Israel Ruiz | ||||||||||||||
| Director | $0 | $726,570 | $0 | $0 | $0 | $44,156 | $0 | $30,250 | $0 | $25,935 | $0 | $826,911 | $0 | $0 |
| David Schmittlein | ||||||||||||||
| Director | $0 | $793,084 | $0 | $0 | $0 | $50,204 | $0 | $57,750 | $0 | $55,048 | $0 | $956,087 | $0 | $0 |
| Enejda Xheblati | ||||||||||||||
| Treasurer | $109,837 | $0 | $11,330 | $0 | $0 | $0 | $10,256 | $0 | $21,499 | $0 | $152,922 | $0 | $0 | $0 |
| Kathleen Kennedy | ||||||||||||||
| Former Director, Special Projects | $0 | $210,420 | $0 | $0 | $0 | $6,667 | $0 | $17,875 | $0 | $19,282 | $0 | $254,244 | $0 | $0 |
| Doreen Adger | ||||||||||||||
| Senior VP of Marketing | $206,093 | $0 | $51,500 | $0 | $0 | $0 | $23,495 | $0 | $9,500 | $0 | $290,587 | $0 | $0 | $0 |
| David Rotman | ||||||||||||||
| Editor | $194,781 | $0 | $0 | $0 | $0 | $0 | $9,889 | $0 | $9,500 | $0 | $214,170 | $0 | $0 | $0 |
| Marii Sebahar | ||||||||||||||
| VP of Sales | $134,872 | $0 | $125,695 | $0 | $0 | $0 | $6,914 | $0 | $16,773 | $0 | $284,254 | $0 | $0 | $0 |
| Deborah Hanley | ||||||||||||||
| Business Development Manager | $115,505 | $0 | $73,769 | $0 | $0 | $0 | $11,571 | $0 | $16,913 | $0 | $217,758 | $0 | $0 | $0 |
| Gideon Lichfield | ||||||||||||||
| Editor-In-Chief | $250,993 | $0 | $14,583 | $0 | $3,078 | $0 | $11,159 | $0 | $9,260 | $0 | $289,073 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a First-class or charter travel | TECHNOLOGY REVIEW, INC. IS A SUBSIDIARY OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) AND ADHERES TO MIT POLICIES. MIT ALLOWS BUSINESS/FIRST CLASS TRAVEL PURSUANT TO GUIDELINES INCLUDED IN A WRITTEN TRAVEL POLICY. |
| Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization | TECHNOLOGY REVIEW, INC. PAID BONUS COMPENSATION TO THE HIGHEST COMPENSATED INDIVIDUALS AND KEY EMPLOYEE BASED ON TOTAL SALES AND NET EARNINGS OF THE ORGANIZATION COMPARED TO THEIR BUDGET, RESPECTIVELY. |
| Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization | TECHNOLOGY REVIEW, INC. PAID BONUS COMPENSATION TO THE HIGHEST COMPENSATED INDIVIDUALS AND KEY EMPLOYEE BASED ON TOTAL SALES AND NET EARNINGS OF THE ORGANIZATION COMPARED TO THEIR BUDGET, RESPECTIVELY. |
| Schedule J, Part I, Line 7 Non-fixed payments | THE BOARD APPROVED BONUS COMPENSATION FOR AMOUNTS OVER THE ANNUAL BUDGET FOR CERTAIN REPORTED INDIVIDUALS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part IV, Line 12b Consolidated Financial Statements | TECHNOLOGY REVIEW, INC. IS A SUBSIDIARY OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT). TECHNOLOGY REVIEW, INC.'S FINANCIAL STATEMENTS ARE PREPARED AND AUDITED ON A CONSOLIDATED BASIS WITH MIT. |
| Form 990, Part VI, Line 2 Business Relationship | THE FOLLOWING CURRENT OFFICERS/DIRECTORS OF TECHNOLOGY REVIEW, INC. ARE EMPLOYED BY MIT, OF WHICH ISRAEL RUIZ IS AN OFFICER AND DIRECTOR: MARTIN SCHMIDT, WHITNEY ESPICH, DAVID SCHMITTLEIN AND JOICHI ITO. ADDITIONALLY, ISRAEL RUIZ AND ALAN SPOON ARE MEMBERS OF THE BOARD OF FORTIVE CORPORATION. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY IS THE SOLE MEMBER OF TECHNOLOGY REVIEW, INC. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY has the right to elect and appoint members of the governing body. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | IN ADDITION TO THE RIGHT TO ELECT BOARD MEMBERS AS DESCRIBED IN RESPONSE TO LINE 7A, THE SOLE MEMBER SHALL HAVE SUCH OTHER POWERS RESERVED TO THE MEMBER BY LAW, THE ARTICLES OF ORGANIZATION OR THE BYLAWS. |
| Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body | THERE ARE NO SUCH COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | TECHNOLOGY REVIEW, INC.'S OFFICER RESPONSIBLE FOR TAX MATTERS REVIEWS THE FORM 990 FOR ACCURACY AND COMPLETENESS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | THE EMPLOYEES OF TECHNOLOGY REVIEW, INC. ARE EXPECTED TO ADHERE TO THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) POLICIES. MIT'S POLICIES AND PROCEDURES INCLUDE A SECTION TITLED CONFLICT OF INTEREST, WHICH IS GENERALLY APPLICABLE TO MEMBERS OF THE MIT COMMUNITY. ANNUAL DISCLOSURE EMPLOYEES ARE REQUIRED TO ANNUALLY ACKNOWLEDGE IN WRITING THAT THEY ARE AWARE OF THE POLICY AND IDENTIFY ANY RELATIONSHIPS OR RESPONSIBILITIES THAT HAVE THE POTENTIAL OF PRODUCING CONFLICTS OF INTEREST. EACH YEAR, DISCLOSURE FORMS ARE DISTRIBUTED TO THOSE COVERED BY THESE POLICIES. IF A RESPONSE REVEALS A CONFLICT OR POTENTIAL CONFLICT, SUCH CONFLICT IS REFERRED TO THE APPROPRIATE INDIVIDUAL OR BODY FOR CONSIDERATION AND MANAGEMENT. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | Technology Review, Inc. works closely with MIT's Compensation Office to ensure equitable compensation and follows MIT guidelines and processes in establishing compensation levels. The MIT Compensation Office obtains compensation data from various salary surveys to compare compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. Technology Review, Inc. contemporaneously documents all compensation decisions, which are reviewed and approved by the MIT Compensation Office. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | Technology Review, Inc. works closely with MIT's Compensation Office to ensure equitable compensation and follows MIT guidelines and processes in establishing compensation levels. The MIT Compensation Office obtains compensation data from various salary surveys to compare compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. Technology Review, Inc. contemporaneously documents all compensation decisions, which are reviewed and approved by the MIT Compensation Office. |
| Form 990, Part VI, Line 19 Required documents available to the public | TECHNOLOGY REVIEW, INC. IS A SUBSIDIARY OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) AND ADHERES TO MIT POLICIES. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON MIT'S WEBSITE HTTP://WEB.MIT.EDU. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| Form 990, Part XI, Line 8 Prior Period Adjustments | This adjustment is due to the forgiveness of a loan payable to MIT. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Other Changes - 75000; |
| Form 990, Part XII, Line 2b Audit by Independent Accountant | THE FINANCIAL STATEMENTS OF TECHNOLOGY REVIEW, INC. ARE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) AND AUDITED BY AN INDEPENDENT ACCOUNTANT. THE MIT AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | ||||||||||
| 77 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02139 | 042103594 | EDUCATION | MA | 501(c)(3) | 2 | NA | false |
| ENTERPRISE FORUM INC | ||||||||||
| 77 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02139 | 042921492 | EDUCATION | MA | 501(c)(3) | 10 | TECHNOLOGY REVIEW INC | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule R, Part II Group Return | FormAndLineReferenceDesc |
| Explanation | As a result of Tech Review's control of an organization which serves as the central organization under a group exemption Tech Review has related organizations that are subordinate organizations included in a group exemption. Pursuant to IRS instructions, these organizations are not required to be separately listed on Schedule R. | ExplanationTxt |