2019-05-14T09:02:08-05:00 2018-06-30 990 2017-07-01 954893200 Technology Review Inc TECH 6174758000 One Main Street 13th Floor Cambridge MA 02142 ENEJDA XHEBLATI DIRECTOR OF FINANCE 2019-05-14 2017 2019-02-21 02:37:17Z Elizabeth Bramson-Boudreau One Main Street 13th Floor Cambridge MA 02142 13171000 false X www.technologyreview.com X 2002 MA 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. 8 2 81 0 4416548 9028 0 0 13560000 11941000 0 0 0 1230000 13560000 13171000 0 4000 0 0 8713000 8669000 0 0 0 8130000 8614000 16843000 17287000 -3283000 -4116000 211000 1165000 72739000 59389000 -72528000 -58224000 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. false false 15851000 11941000 PUBLICATION OF A MAGAZINE 15851000 true false false false false false false false false true false false false true true false true false false true false false false false false false false false true false false false false false false false false false false false false false true true false false false true 0 0 81 true true true false false false false false true false false false X 8 2 true false false false true true true true false false false false true true true false false true true false CA MA X Enejda Xheblati 6174758013 One Main Street 13th Floor Cambridge MA 02142 Elizabeth Bramson-Boudreau President, Publisher, and CEO 40.0 2.0 X X 271269 0 58729 Martin Schmidt Chairman 1.0 60.0 X X 0 681998 96171 Whitney Espich Director 1.0 40.0 X 0 234941 59267 Jerome Friedman Director 1.0 0 X 0 0 0 Joichi Ito Director 1.0 40.0 X 0 269155 58485 Israel Ruiz Director 1.0 60.0 X 0 744243 55668 David Schmittlein Director 1.0 40.0 X 0 817461 105042 Alan G Spoon Director 1.0 5.0 X 0 0 0 Richard Crowley Treasurer (Outgoing) 40.0 0 X 37267 0 0 Enejda Xheblati Treasurer (Incoming) 40.0 2.0 X 116770 0 22968 Doreen Adger Senior VP of Marketing 40.0 0 X 240051 0 22220 Lauretta Hironaka Business Development Manager 40.0 0 X 208497 0 31654 Jason Pontin Former President, Publisher and CEO 40.0 0.0 X 515055 0 37771 David Rotman Editor 40.0 0 X 189068 0 42395 Marii Sebahar VP of Sales 40.0 0 X 314959 0 17377 Kathleen Kennedy Former Director, Special Projects 0.0 40.0 X 0 193040 38421 1892936 2940838 646168 29 true true false RREEF AMERICA REIT II CORP 875 NORTH MICHIGAN AVENUE 41ST FLOOR CHICAGO IL 60611 DISTRIBUTIONS 1028887 STUDIO 125 LLC 2 WASHINGTON COURT CAMBRIDGE MA 02139 VIDEO PRODUCTION 437650 ASENDIA USA INC 701C ASHLAND AVE FOLCROFT PA 19032 SHIPPING 363812 JJS&A INC 304 LAKESIDE DRIVE SOUTHAMPTON PA 18966 COMMERCIAL PRINTING 333186 WMBE PAYROLLING INC 9475 Chesapeake Drive San Diego CA 92123 STAFFING SERVICES 247532 15 0 Publication of a Magazine 511120 11941000 7524452 4416548 0 0 0 0 11941000 1230000 1230000 0 0 0 0 0 0 0 0 0 13171000 7524452 4416548 1230000 4000 4000 0 0 540000 173000 367000 6475000 6022000 453000 377000 351000 26000 840000 781000 59000 437000 406000 31000 1074000 749000 325000 18000 18000 16000 16000 705000 705000 0 0 702000 702000 2298000 2157000 141000 827000 827000 818000 818000 406000 406000 666000 666000 263000 263000 821000 821000 0 0 17287000 15851000 1436000 0 25000 72000 1165000 2357000 0 0 0 -1780000 -2080000 2564000 1748000 801000 816000 0 0 0 0 211000 1165000 2731000 2397000 1169000 1942000 0 68839000 55050000 72739000 59389000 X -72528000 -58224000 -72528000 -58224000 211000 1165000 X -4116000 18420000 X false true X true false X X 1 MASSACHUSETTS INSTITUTE OF TECHNOLOGY 042103594 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 1238000 720000 518000 1326000 1028000 298000 816000 Note Payable 2500000 Advance from MIT 52550000 55050000 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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 the addition of excise taxes on executive compensation and net investment income, as well as new rules for calculating unrelated business taxable income. The overall impact of the Act remains uncertain until further regulatory guidance is issued to assist the Institute in calculating tax liabilities. US GAAP requires MIT to evaluate tax positions taken by the Institute and recognize a tax liability (or asset) if the Institute has taken an uncertain 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, 2018, there are no significant uncertain positions taken or expected to be taken, apart from those impacted by the Act. The Institute continues to evaluate the impact of the Act on current and future tax positions. 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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 4a Severance or change-of-control payment A severance payment was made to Jason Pontin ($328,529) in calendar year 2017. 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. 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 9 Other changes in net assets or fund balances Other Changes - 18420000; 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. 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 true false false false false true false false false false false false false false false false false true false false Schedule R, Part II Group Return 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.