2016-11-09T15:39:30-06:00 2015-12-31 941341042 FRANK RIMERMAN & CO LLP 1801 PAGE MILL ROAD PALO ALTO CA 94304 990 2015-01-01 941156476 ANNUAL REVIEWS INC ANNU 6504934400 4139 EL CAMINO WAY PALO ALTO CA 94306 STEVEN CASTRO CFO/TREASURER 6504934400 2016-11-09 1 ANNE F MACDONALD P00359548 6508458100 2016-11-09 2015 2017-02-10 21:41:12Z STEVEN CASTRO 4139 EL CAMINO WAY PALO ALTO CA 94306 17452626 0 X WWW.ANNUALREVIEWS.ORG X 1934 CA DISSEMINATE SCIENTIFIC INFORMATION. 14 13 83 0 0 0 0 0 0 0 2528805 707090 12645752 12599987 15174557 13307077 25150 11142 0 0 8158753 8767551 0 0 0 5483896 5503356 13667799 14282049 1506758 -974972 65885317 4011670 4626741 5213884 61258576 -1202214 THE MISSION OF ANNUAL REVIEWS IS TO PROVIDE SYSTEMATIC, PERIODIC EXAMINATIONS OF SCHOLARLY ADVANCES IN A NUMBER OF FIELDS OF SCIENCE THROUGH CRITICAL AUTHORITATIVE REVIEWS. 0 0 11058529 11142 12599987 EDITORIAL, PRODUCTION, SALES, PROMOTION AND DISTRIBUTION OF CURRENT AND FUTURE VOLUMES OF SCIENTIFIC REVIEW ARTICLES WITH THE PRIMARY PURPOSE OF STIMULATING AND ENCOURAGING THE ADVANCEMENT AND DEVELOPMENT OF BIOCHEMISTRY AND OTHER SCIENTIFIC AND SCHOLARLY DISCIPLINES AND FOSTERING RESEARCH THEREIN. 11058529 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 147 0 1 83 1 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA OR X X STEVEN J CASTRO 6504934400 4139 EL CAMINO WAY PALO ALTO CA 94306 X RICHARD N ZARE DIRECTOR/CHAIRPERSON 0.00 X 0 0 0 SANDRA M FABER DIRECTOR/VICE-CHAIRPERSON 0.00 X 0 0 0 KAREN S COOK DIRECTOR/VICE-CHAIRPERSON 0.00 X 0 0 0 JOHN I BRAUMAN DIRECTOR 0.00 X 0 0 0 PETER F CARPENTER DIRECTOR 0.00 X 0 0 0 SUSAN T FISKE DIRECTOR 0.00 X 0 0 0 EUGENE GARFIELD DIRECTOR 0.00 X 0 0 0 STEVEN E HYMAN DIRECTOR 0.00 X 0 0 0 ROGER D KORNBERG DIRECTOR 0.00 X 0 0 0 SHARON R LONG DIRECTOR 0.00 X 0 0 0 J BOYCE NUTE DIRECTOR 0.00 X 0 0 0 MICHAEL E PESKIN DIRECTOR 0.00 X 0 0 0 HARRIET A ZUCKERMAN DIRECTOR 0.00 X 0 0 0 RICHARD GALLAGHER PRESIDENT/EDITOR-IN-CHIEF 37.50 X X X X 257250 0 39158 SAMUEL GUBINS PRESIDENT/EDITOR-IN-CHIEF 37.50 X X X X 134761 164474 47028 STEVEN CASTRO CFO/TREASURER 37.50 X X X 219773 0 53739 LAURIE MANDEL BOARD SECRETARY 30.00 X 77041 0 19032 JENNIFER JONGSMA DIRECTOR OF PRODUCTION 37.50 X X 166137 0 27268 ANDREA LOPEZ SALES DIRECTOR 37.50 X X 235143 0 38549 PAUL CALVI DIRECTOR OF TECHNOLOGY 37.50 X X 171970 0 27198 ROY MARUCUT IT MANAGER 37.50 X 132271 0 30133 JACKIE WIEDERHOLT SALES MANAGER 37.50 X 128034 0 49263 KATHERINE MCGOWAN SALES MANAGER 37.50 X 135172 0 38273 MICHAEL JONES INTERNATIONAL SALES MANAGER 37.50 X 123298 0 24723 NICK NIEMEYER FORMER SALES OPERATIONS DIRECTOR 37.50 X 133758 0 15183 1914608 164474 409547 15 1 1 0 0 327856 327856 10684369 10684369 4028636 3637048 12354 391588 -12354 379234 379234 2411765 496147 1915618 1915618 13307077 12599987 0 707090 11142 11142 1501662 1084951 416711 5122593 3701074 1421519 511099 369269 141830 1166635 842894 323741 465562 336368 129194 19032 19032 39550 39550 560100 362866 197234 758678 758678 149278 35352 113926 219534 153607 65927 345352 279735 65617 37710 37710 EDITORIAL COMMITTEES/HO 1463904 1463904 ON-LINE PUBLISHING 866723 866723 MAINTENANCE AND REPAIRS 247645 118005 129640 AUTHOR REPRINTS AND COM 225155 225155 570695 409256 161439 14282049 11058529 3223520 0 X 3212 8907 1122633 893660 813227 561375 1564088 0 30687 23212 140449 165905 217808 408160 5307843 3357392 2154753 1950451 59838460 0 65885317 4011670 1267160 1404736 3359581 3809148 4626741 5213884 X 61258576 -1202214 61258576 -1202214 65885317 4011670 X -974972 1418294 -62904112 X X 0 1 X 1 0 X 12459114 12752605 12970827 13181955 13096138 64460639 12459114 12752605 12970827 13181955 13096138 64460639 0 4401777 4527956 4154771 4547711 4269536 21901751 4401777 4527956 4154771 4547711 4269536 21901751 42558888 1074931 822409 681652 1441045 327856 4347893 1074931 822409 681652 1441045 327856 4347893 13534045 13575014 13652479 14623000 13423994 68808532 0.61850 0.61310 0.06320 0.07230 X 90644 90644 2892507 1438740 1453767 1210370 861848 348522 1114322 1056804 57518 1950451 CUSTOMER PREPAYMENTS 3809148 3809148 X PART X, LINE 2: THE ORGANIZATION USES THE "MORE LIKELY THAN NOT" CRITERION FOR RECOGNIZING THE INCOME TAX BENEFIT OF THEIR ITS TAX EXEMPT STATUS, AND ESTABLISHING MEASUREMENT CRITERIA FOR LIABILITIES RESULTING FROM THE LOSS OF THAT STATUS. THE ORGANIZATION BELIEVES THAT ALL INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY ACCRUALS FOR INTEREST AND PENALTIES AS OF DECEMBER 31, 2014 FOR UNCERTAIN INCOME TAX POSITIONS. IN THE EVENT THE ORGANIZATION SHOULD NEED TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX LIABILITIES, THIS AMOUNT WILL BE RECORDED AS AN ACCRUAL LIABILITY AND AN INCREASE TO INCOME TAX EXPENSE. X 1 1 X X X X 0 0 0 1 0 0 0 0 0 RICHARD GALLAGHER PRESIDENT/EDITOR-IN-CHIEF 257250 0 0 0 0 0 0 0 39158 0 296408 0 0 0 SAMUEL GUBINS PRESIDENT/EDITOR-IN-CHIEF 134761 164474 0 0 0 0 0 0 20222 26806 154983 191280 0 0 STEVEN CASTRO CFO/TREASURER 219773 0 0 0 0 0 0 0 53739 0 273512 0 0 0 JENNIFER JONGSMA DIRECTOR OF PRODUCTION 166137 0 0 0 0 0 0 0 27268 0 193405 0 0 0 ANDREA LOPEZ SALES DIRECTOR 154345 0 80798 0 0 0 0 0 38549 0 273692 0 0 0 PAUL CALVI DIRECTOR OF TECHNOLOGY 171970 0 0 0 0 0 0 0 27198 0 199168 0 0 0 ROY MARUCUT IT MANAGER 132271 0 0 0 0 0 0 0 30133 0 162404 0 0 0 JACKIE WIEDERHOLT SALES MANAGER 98871 0 29163 0 0 0 0 0 49263 0 177297 0 0 0 KATHERINE MCGOWAN SALES MANAGER 107550 0 27622 0 0 0 0 0 38273 0 173445 0 0 0 NICK NIEMEYER FORMER SALES OPERATIONS DIRECTOR 39385 0 94373 0 0 0 0 0 15183 0 148941 0 0 0 PART I, LINE 5 ANNUAL REVIEWS COMPENSATES CERTAIN MEMBERS OF ITS SALES STAFF BASED ON PERFORMANCE. ACCRUALS FOR THESE INCENTIVE PAYMENTS ARE MADE AT THE END OF EACH YEAR, BASED ON ACTUAL REVENUE. INCENTIVE PAYMENTS ARE DISBURSED AT THE END OF JANUARY OF EACH FOLLOWING YEAR. MARK D FITZSIMMONS PURCHASE OF PRIMARY RESIDENCE X 650000 0 0 1 1 MARK D FITZSIMMONS PURCHASE OF PRIMARY RESIDENCE X 889500 0 0 1 1 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: IN JUNE 2013, THE ORGANIZATION LOANED $1,539,500 TO AN OFFICER UNDER TWO PROMISSORY NOTES COMPRISING $650,000 (LOAN A) AND $889,500 (LOAN B), WHICH ARE TOGETHER SECURED BY A DEED OF TRUST ON A RESIDENTIAL PROPERTY. LOAN A REQUIRES MONTHLY INSTALLMENTS OF PRINCIPAL AND INTEREST OVER A 30 YEAR PERIOD AND BEARS INTEREST AT THE RATE OF 4% PER ANNUM. LOAN B BEARS INTEREST AT 2.76% PER ANNUM, WHICH IS DUE, ALONG WITH PRINCIPAL, IN JUNE 2043. IN APRIL 2014, THE LOANS WERE AMENDED TO CHANGE THE MATURITY DATE TO THE EARLIER OF OCTOBER 16, 2016, THE DATE THE PROPERTY IS SOLD, OR THE PROPERTY CEASES TO BE THE OFFICER'S PRIMARY PLACE OF RESIDENCE. EARLY REPAYMENT OF BOTH LOANS IS REQUIRED IF THE PROPERTY IS SOLD OR THE OFFICERS EMPLOYMENT RELATIONSHIP WITH THE ORGANIZATION IS TERMINATED. ON AUGUST 14, 2015 THE PROPERTY WAS SOLD. THE ORGANIZATION RECEIVED FULL PAYMENT OF OUTSTANDING PRINCIPAL AND INTEREST ON LOAN A AND LOAN B. FORM 990, PART IV, LINE 12B THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF THE ORGANIZATION AND ITS WHOLLY-OWNED SUBSIDIARY, ANNUAL REVIEWS INVESTMENT CORPORATION (ARIC), A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, WHICH WAS ESTABLISHED IN OCTOBER 2013. ARIC WAS FORMED FOR THE PURPOSE OF MANAGING INVESTMENTS FOR THE BENEFIT OF THE ORGANIZATION FORM 990, PART VI, SECTION B, LINE 11 BEFORE FILING THE FORM 990, A COPY OF THE FORM IS DISTRIBUTED TO THE BOARD OF DIRECTORS WITHOUT ASKING FOR APPROVAL OR COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C WHEN AN INDIVIDUAL IS ELECTED TO SERVE AS A MEMBER OF THE ANNUAL REVIEWS BOARD OF DIRECTORS, THE BUSINESS AFFAIRS COMMITTEE, OR THE EDITORIAL AFFAIRS COMMITTEE, THE MEMBER IS ASKED TO FILL OUT A "DISCLOSURE OF POTENTIAL BIAS" FORM. THEIR STATEMENTS ARE KEPT ON FILE WITH THE CORPORATE SECRETARY TO THE BOARD AND WILL BE MADE AVAILABLE UPON REQUEST. MEMBERS ARE ASKED TO UPDATE THEIR DISCLOSURE STATEMENTS WHENEVER CIRCUMSTANCES NECESSITATE A CHANGE. BLANK FORMS ARE DISTRIBUTED TO MEMBERS DURING EACH YEAR OF SERVICE AS A REMINDER FOR MEMBERS TO REVIEW THEIR DISCLOSURE STATEMENTS AND UPDATE AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPENSATION COMMITTEE IS MADE UP OF FIVE BOARD MEMBERS ANNUALLY ELECTED TO SERVE ON THIS STANDING BOARD COMMITTEE. IT MEETS ANNUALLY EACH SPRING FOR THE PURPOSE OF DETERMINING AND APPROVING THE COMPENSATION OF THE ORGANIZATION'S CEO AND REVIEWING AND APPROVING THE PAY OF TOP MANAGEMENT, OFFICERS AND KEY EMPLOYEES IN ORDER TO DETERMINE INTERNAL AND EXTERNAL EQUITY. REPORTS OF OVERALL EMPLOYEE COMPENSATION AND BENCHMARK SALARY DATA ARE ALSO PROVIDED BY THE DIRECTOR OF HUMAN RESOURCES FOR REVIEW AND COMMENT. OTHER EMPLOYEE SALARIES ARE APPROVED ANNUALLY BY ANNUAL REVIEWS' INTERNAL COMPENSATION COMMITTEE, CONSISTING OF THE PRESIDENT & EDITOR-IN-CHIEF, THE CHIEF FINANCIAL OFFICER, AND THE DIRECTOR OF HUMAN RESOURCES, BASED ON MEETINGS WITH RELEVANT SUPERVISORS FOR EACH DEPARTMENT. THE DIRECTOR OF HUMAN RESOURCES MAINTAINS RECORDS AND DOCUMENTATION OF ALL SALARY ACTIONS APPROVED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART VII, SECTION A SAMUEL GUBINS WAS THE PRESIDENT AND EDITOR-IN-CHIEF OF ANNUAL REVIEWS UNTIL APRIL 30, 2015. HE RECEIVED COMPENSATION OF $154,984 FROM ANNUAL REVIEWS IN 2015. HE ALSO RECEIVED $191,280 FROM ANNUAL REVIEWS INVESTMENT CORPORATION (ARIC) DURING 2015. HE BECAME THE PRESIDENT OF ARIC ON MAY 1, 2015. FORM 990, PART XI, LINE 9: TRANSFER OF INVESTMENTS TO ANNUAL REVIEWS INVESTMENT CORPORATION -63,518,534. LESS: ELIMINATION FOR CONSOLIDATION 614,422. FORM 990, PART XII, LINE 2: THE 2015 FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS WITH ANNUAL REVIEWS INVESTMENTS CORPORATION. FORM 990, PART XII, LINE 2C: ANNUAL REVIEWS, INC. HAS NOT CHANGED ITS PROCESS RELATED TO OVERSIGHT OF THE AUDIT AND REVIEW OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR. A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS. SCHEDULE R, PART V, LN 2 ALL INVESTMENTS WERE MOVED TO ANNUAL REVIEWS INVESTMENT CORPORATION (ARIC) IN APRIL 2015. THUS, ARIC NOW REVIEWS INVESTMENTS AND HAS FINAL RESPONSIBILITY FOR INVESTMENTS. THE TRANSFER IS PRESENTED AS AN ENDOWMENT TRANSFER ON SCHEDULE D PART V AND SCHEDULE R PART V LINE 2. THE TRANSFER IS ALSO SEEN ON PART X AS A REDUCTION OF "INVESTMENTS" ON LINE 12 AND A REDUCTION OF "UNRESTRICTED NET ASSETS" ON LINE 27. ANNUAL REVIEWS INVESTMENT CORPORATION 4139 EL CAMINO WAY PALO ALTO CA 94306 464548728 TO SUPPORT, BENEFIT AND ASSIST ANNUAL REVIEWS, OR PROGRAMS WHICH SUPPORT OR CA 509(A)(3) TYPE I ANNUAL REVIEWS 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 (1) ANNUAL REVIEWS INVESTMENT CORPORATION B 63518534 ENDOWMENT TRANSFERS (2) ANNUAL REVIEWS INVESTMENT CORPORATION B 160100 EXPENDITURE FOR FACILITIES AND PR (3) ANNUAL REVIEWS INVESTMENT CORPORATION C 800000 EXPENDITURE FOR FACILITIES AND PR SCHEDULE R, PART V, LN 2 ALL INVESTMENTS WERE MOVED TO ANNUAL REVIEWS INVESTMENT CORPORATION (ARIC) IN APRIL 2015. THUS, ARIC NOW REVIEWS INVESTMENTS AND HAS FINAL RESPONSIBILITY FOR INVESTMENTS. THE TRANSFER IS PRESENTED AS AN ENDOWMENT TRANSFER ON SCHEDULE D PART V AND SCHEDULE R PART V LINE 2. THE TRANSFER IS ALSO SEEN ON PART X AS A REDUCTION OF "INVESTMENTS" ON LINE 12 AND A REDUCTION OF "UNRESTRICTED NET ASSETS" ON LINE 27.