Civic Intelligence

Technology Broadcasting Corporation

EIN 23-7154684 • 501(c)3 • Cambridge, MA

Profile

Operation of non-commercial, educational radio station

3 Ames StreetCambridge, MA 02142

wmbr.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

89th percentile

51%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$361,531

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 175.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

9.6%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$1,593,000

Up $151,000 (+10%) from 2023

Liabilities

Up

$12,000

Up $8,000 (+200%) from 2023

Net Assets

Up

$1,581,000

Up $143,000 (+9.9%) from 2023

Operations
Liabilities / Revenue46th percentileNet Margin89th percentile

Revenue

Up

$206,000

Up $18,000 (+9.6%) from 2023

Expenses

Up

$101,000

Up $24,000 (+31%) from 2023

Net Income

Down

$105,000

Down $6,000 (-5.4%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $692,000Liabilities 2011: $1,000Net Assets 2011: $691,0002011Assets 2012: $731,000Liabilities 2012: $1,000Net Assets 2012: $730,0002012Assets 2013: $786,000Liabilities 2013: $1,000Net Assets 2013: $785,0002013Assets 2014: $836,000Liabilities 2014: $1,000Net Assets 2014: $835,0002014Assets 2015: $891,000Liabilities 2015: $1,000Net Assets 2015: $890,0002015Assets 2016: $952,000Liabilities 2016: $1,000Net Assets 2016: $951,0002016Assets 2017: $1,038,000Liabilities 2017: $1,000Net Assets 2017: $1,037,0002017Assets 2018: $1,097,000Liabilities 2018: $2,000Net Assets 2018: $1,095,0002018Assets 2019: $1,182,000Liabilities 2019: $2,000Net Assets 2019: $1,180,0002019Assets 2020: $1,270,000Liabilities 2020: $2,000Net Assets 2020: $1,268,0002020Assets 2021: $1,287,000Liabilities 2021: $2,000Net Assets 2021: $1,285,0002021Assets 2022: $1,346,000Liabilities 2022: $2,000Net Assets 2022: $1,344,0002022Assets 2023: $1,442,000Liabilities 2023: $4,000Net Assets 2023: $1,438,0002023Assets 2024: $1,593,000Liabilities 2024: $12,000Net Assets 2024: $1,581,0002024

Highlighted filing

2024

Assets$1,593,000
Liabilities$12,000
Net Assets$1,581,000
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Expenses 2011: $119,0002011Expenses 2012: $73,0002012Expenses 2013: $59,0002013Revenue 2014: $124,000Expenses 2014: $74,000Net Income 2014: $50,0002014Revenue 2015: $134,000Expenses 2015: $79,000Net Income 2015: $55,0002015Revenue 2016: $142,000Expenses 2016: $81,000Net Income 2016: $61,0002016Revenue 2017: $152,000Expenses 2017: $66,000Net Income 2017: $86,0002017Revenue 2018: $156,000Expenses 2018: $98,000Net Income 2018: $58,0002018Revenue 2019: $153,000Expenses 2019: $68,000Net Income 2019: $85,0002019Revenue 2020: $166,000Expenses 2020: $78,000Net Income 2020: $88,0002020Revenue 2021: $154,000Expenses 2021: $137,000Net Income 2021: $17,0002021Revenue 2022: $166,000Expenses 2022: $107,000Net Income 2022: $59,0002022Revenue 2023: $188,000Expenses 2023: $77,000Net Income 2023: $111,0002023Revenue 2024: $206,000Expenses 2024: $101,000Net Income 2024: $105,0002024

Highlighted filing

2024

Revenue$206,000
Expenses$101,000
Net Income$105,000
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,593,000
Liabilities
$12,000
Net assets
$1,581,000
Revenue
$206,000
Expenses
$101,000
Net income
$105,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$0.01$1.58$0.21$0.10$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.19$0.08$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.34$0.17$0.11$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.15$0.14$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.17$0.08$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.15$0.07$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.16$0.10$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.15$0.07$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.14$0.08$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.13$0.08$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.12$0.07$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$206,000
Mission and Program Overview

Mission

Operation of non-commercial, educational radio station

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,055,000$1,093,000▲ $38,000
Savings and Temporary Cash Investments$260,000$346,000▲ $86,000
Cash and Non-Interest-Bearing Accounts$93,000$99,000▲ $6,000
Land, Buildings, and Equipment, Net$34,000$55,000▲ $21,000
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$1,442,000$1,593,000▲ $151,000
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$4,000$12,000▲ $8,000
Total Liabilities$4,000$12,000▲ $8,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,438,000$1,581,000▲ $143,000
Total Net Assets Fund Balance$1,438,000$1,581,000▲ $143,000
Total Liabilities and Net Assets / Fund Balance$1,442,000$1,593,000▲ $151,000

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$55,000$31,000$86,000
Other Securities$1,093,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,055,000$0▲ $78,000$40,000$1,093,000
2022$0$1,072,000▼ $11,000$6,000$1,055,000
2021$0---$0
2020$0---$0
2019$0---$0
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleOtherTotal
Paolo ParravanoDirector (Deceased 12/9/2023)$138,003$138,003

Board Members and Trustees

NameTitle
Ronald SpanglerPresident
Joshua McDermottVice President
Anne SlinnDirector
Edward HysonDirector
Eran EgozyDirector
Henry HoltzmanDirector
Ian CondryDirector
James RockDirector
John KosianDirector
Joseph ParadisoDirector
Keri-Lee GarelDirector
Maggie LinDirector
Marianna ParkerDirector
Paul MurphyDirector
Lisa GassawayAssistant Treasurer
Todd GlickmanClerk
Gustavo BurkettFormer Secretary
Shawn MamrosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$166,000
Program Service Revenue
$0
Investment Income
$40,000
Other Revenue
$0
All Other Contributions
$166,000
Change in Net Assets
$105,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$101,000
Total Fundraising Expense$51,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$3,000-$41,000$41,000
Depreciation Depletion$20,000--$20,000
Office Expenses-$8,000$10,000$18,000
Information Technology$8,000--$8,000
Advertising$4,000--$4,000
Insurance-$4,000-$4,000
Fees for Services Other$2,000$0$0$2,000
Fees for Services Legal-$1,000-$1,000
Total Functional Expenses$37,000$13,000$51,000$101,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$12,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 12A LINES 12-14

“Barring specific corporate action to the contrary, technology broadcasting corporation follows applicable written policies and procedures of massachusetts institute of technology.”

Form 990, Part VI, Line 6 Classes of members or stockholders

“All members of the technology broadcasting corporation are appointed by the chancellor of mit, whether upon the recommendation of the president of the technology broadcasting corporation or otherwise. This shall be for all prospective members except for the general manager of technology broadcasting corporation, who shall automatically become a member upon attaining that office.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“The officers of the technology broadcasting corporation shall be elected by and from the members of the technology broadcasting corporation.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Technology broadcasting corporation's officer responsible for tax matters reviews the form 990 for accuracy and completeness.”

Form 990, Part VI, Line 19 Required documents available to the public

“Technology broadcasting corporation's governing documents and financials statements are made available upon request. Technology broadcasting corporation adheres to mit's conflict of interest policies.”

Filing and Contact Details

Filer

Filer Name
Technology Broadcasting Corporation
EIN
23-7154684
Phone
6172534000
Address
3 Ames Street, Cambridge, MA 02142

Signing Officer

Name
Todd Glickman
Title
Clerk
Phone
6174522457
Signed
2025-05-14

Organization Details

Formed
1959
Legal Domicile
Ma
Voting Board Members
16
Independent Board Members
6
Employees
0
Volunteers
200
Supplemental Narrative

Additional Explanations

Part IV, Line 12B & Part XII, Line 2B

“Technology broadcasting corporation's financial information are prepared and audited on a consolidated basis with mit.”

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

“Technology broadcasting corporation's endowment is intended to provide financial support to further its mission. Specifically, income from the endowment covers annual operating expenses and capital improvement projects.”

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“Technology broadcasting corporation is a subsidiary of the massachusetts institute of technology (mit). Technology broadcasting corporation'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 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, 2024, there are no significant uncertain positions taken or expected to be taken.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice President
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director (Deceased 12/9/2023)
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