2018-05-14T10:02:55-05:00 2017-06-30 990 2016-07-01 954893200 Technology Review Inc TECH 6174758000 One Main Street 13th Floor Cambridge MA 02142 ENEJDA XHEBLATI FINANCE MANAGER AND TREASURER 2018-05-14 2016 2022-09-23 18:48:47Z Elizabeth Bramson-Boudreau One Main Street 13th Floor Cambridge MA 02142 13560000 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. 9 2 79 0 3613021 26353 0 0 8153000 13560000 0 0 0 0 8153000 13560000 0 0 0 0 6597000 8713000 0 0 6376000 8130000 12973000 16843000 -4820000 -3283000 1340000 211000 69863000 72739000 -68523000 -72528000 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 13653000 13560000 PUBLICATION OF A MAGAZINE 13653000 true false 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 79 true true true false false false false false false false false X 9 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 (Incoming) 40.0 2.0 X X 260344 0 26254 Jason Pontin President, Publisher and CEO (Outgoing) 40.0 2.0 X X 319942 0 55306 Martin Schmidt Director and Chairman 1.0 60.0 X X 0 650991 118240 Judith Cole Director 1.0 40.0 X 0 292018 24123 Jerome Friedman Director 1.0 0 X 0 0 0 Joichi Ito Director 1.0 40.0 X 0 261184 54646 Israel Ruiz Director 1.0 60.0 X 0 700307 55006 David Schmittlein Director 1.0 40.0 X 0 792361 81496 Alan G Spoon Director 1.0 5.0 X 0 0 0 James Coyle Chief Financial Officer (Outgoing) 40.0 2.0 X 224943 0 31911 Richard Crowley Treasurer 1.0 0 X 104984 0 0 Thomas Kelly Clerk 1.0 0 X 0 0 0 Brian Bergstein Executive Director 40.0 0 X 139921 0 41531 Megan Fitzpatrick Deputy Editor 40.0 0 X 143500 0 12156 Amy Lammers Senior VP, Events and Strategic Partnerships 40.0 0 X 160989 0 19951 Erik Pelletier Chief Digital Officer and VP, Product Development 40.0 0 X 158314 0 38446 David Rotman Editor 40.0 0 X 183560 0 41490 Kathleen Kennedy Director of Special Projects 20.0 22.0 X 114037 142506 36764 1810533 2839367 637321 10 true true false RREEF AMERICA REIT II CORP 444 BROADWAY SAUGUS MA 01906 DISTRIBUTIONS 681888 ALGONQUIN ACQUISITION COMPANY LLC BOSTON GLOBE LIFE SCIENCES MEDIA LLC 1 EXCHANGE PLACE SUITE 201 BOSTON MA 02109 PUBLISHING 664219 QG PRINTING III CO 110-J COMMERCE WAY WOBURN MA 01801 COMMERCIAL PRINTING 425747 ASENDIA USA INC 701C ASHLAND AVE BLDG 24ST3 FOLCROFT PA 19032 SHIPPING 371887 STUDIO 125 LLC 2 WASHINGTON COURT CAMBRIDGE MA 02139 VIDEO PRODUCTION 285350 13 0 Publication of a Magazine 511120 13560000 9946979 3613021 0 0 0 0 13560000 0 0 0 0 0 0 0 0 0 13560000 9946979 3613021 0 0 0 1273000 636000 637000 296000 148000 148000 5454000 4363000 1091000 389000 311000 78000 890000 712000 178000 411000 329000 82000 826000 826000 2000 2000 12000 12000 0 0 1248000 1248000 0 0 354000 354000 138000 138000 357000 357000 1059000 1059000 493000 493000 667000 667000 200000 200000 Postage and Shipping 880000 880000 Printing and Publications 758000 758000 Service Contracts 439000 439000 Design and Artwork 320000 320000 377000 377000 0 0 16843000 13653000 3190000 0 22000 25000 1414000 1165000 0 0 0 -1260000 -1780000 2332000 1531000 1164000 801000 0 0 0 0 1340000 211000 2477000 2731000 1756000 1169000 65630000 68839000 69863000 72739000 X -68523000 -72528000 -68523000 -72528000 1340000 211000 X -3283000 0 -722000 X false true X false 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 375000 375000 0 1957000 1156000 801000 801000 Note Payable 2500000 Advance from MIT 66339000 68839000 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. 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, 2017, THERE ARE NO SIGNIFICANT UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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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 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, JUDITH COLE, DAVID SCHMITTLEIN AND JOICHI ITO. ADDITIONALLY, ISRAEL RUIZ AND ALAN SPOON ARE MEMBERS OF THE BOARD AT 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 - -722000; 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. 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