Civic Intelligence

Technology Review Inc.

990 • Fiscal year 2024 • EIN 95-4893200

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2025

196 Broadway 3rd FloorCambridge, MA 02139

(617) 475-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.29x

Higher debt load relative to revenue than 56% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

36th percentile

0.0%

Higher net margin than 36% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$1,071,463

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-2.6%

Faster revenue growth than 28% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,499,000

Down $806,000 (-11%) from 2023

Net Assets

Flat

$0

Flat from 2023

Liabilities

Down

$6,499,000

Down $806,000 (-11%) from 2023

Revenue

Down

$22,299,000

Down $595,000 (-2.6%) from 2023

Expenses

Down

$22,299,000

Down $595,000 (-2.6%) from 2023

Net Income

Flat

$0

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0-$50M-$100MAssets 2010: $1,559,000Liabilities 2010: $50,894,000Net Assets 2010: -$49,335,0002010Assets 2011: $1,364,000Liabilities 2011: $53,664,000Net Assets 2011: -$52,300,0002011Assets 2012: $700,000Liabilities 2012: $56,135,000Net Assets 2012: -$55,435,0002012Assets 2013: $620,000Liabilities 2013: $58,918,000Net Assets 2013: -$58,298,0002013Assets 2014: $237,000Liabilities 2014: $61,087,000Net Assets 2014: -$60,850,0002014Assets 2015: $779,000Liabilities 2015: $64,482,000Net Assets 2015: -$63,703,0002015Assets 2016: $1,340,000Liabilities 2016: $69,863,000Net Assets 2016: -$68,523,0002016Assets 2017: $211,000Liabilities 2017: $72,739,000Net Assets 2017: -$72,528,0002017Assets 2018: $1,165,000Liabilities 2018: $59,389,000Net Assets 2018: -$58,224,0002018Assets 2019: $4,703,000Liabilities 2019: $4,703,000Net Assets 2019: $02019Assets 2020: $5,203,000Liabilities 2020: $5,203,000Net Assets 2020: $02020Assets 2021: $6,822,000Liabilities 2021: $6,822,000Net Assets 2021: $02021Assets 2022: $8,455,000Liabilities 2022: $8,455,000Net Assets 2022: $02022Assets 2023: $7,305,000Liabilities 2023: $7,305,000Net Assets 2023: $02023Assets 2024: $6,499,000Liabilities 2024: $6,499,000Net Assets 2024: $02024

Highlighted filing

2024

Assets$6,499,000
Liabilities$6,499,000
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $9,551,0002010Expenses 2011: $9,849,0002011Expenses 2012: $10,242,0002012Revenue 2013: $7,694,000Expenses 2013: $10,557,000Net Income 2013: -$2,863,0002013Revenue 2014: $9,189,543Expenses 2014: $11,744,000Net Income 2014: -$2,554,4572014Revenue 2015: $8,019,000Expenses 2015: $10,872,000Net Income 2015: -$2,853,0002015Revenue 2016: $8,153,000Expenses 2016: $12,973,000Net Income 2016: -$4,820,0002016Revenue 2017: $13,560,000Expenses 2017: $16,843,000Net Income 2017: -$3,283,0002017Revenue 2018: $13,171,000Expenses 2018: $17,287,000Net Income 2018: -$4,116,0002018Revenue 2019: $17,603,000Expenses 2019: $17,678,000Net Income 2019: -$75,0002019Revenue 2020: $17,630,000Expenses 2020: $17,630,000Net Income 2020: $02020Revenue 2021: $19,424,000Expenses 2021: $19,424,000Net Income 2021: $02021Revenue 2022: $22,247,000Expenses 2022: $22,247,000Net Income 2022: $02022Revenue 2023: $22,894,000Expenses 2023: $22,894,000Net Income 2023: $02023Revenue 2024: $22,299,000Expenses 2024: $22,299,000Net Income 2024: $02024

Highlighted filing

2024

Revenue$22,299,000
Expenses$22,299,000
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$22,299,000
Mission and Program Overview

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.

Technology review's mission is to bring about better informed and more conscious decisions about technology through authoritative, influential, and trustworthy journalism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$5,172,000$4,125,000▼ $1,047,000
Land, Buildings, and Equipment, Net$1,203,000$1,540,000▲ $337,000
Prepaid Expenses and Deferred Charges$883,000$769,000▼ $114,000
Cash and Non-Interest-Bearing Accounts$47,000$65,000▲ $18,000
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$7,305,000$6,499,000▼ $806,000
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,363,000$4,226,000▼ $137,000
Other Liabilities$1,394,000$1,412,000▲ $18,000
Deferred Revenue$1,548,000$861,000▼ $687,000
Total Liabilities$7,305,000$6,499,000▼ $806,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$7,305,000$6,499,000▼ $806,000

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$877,962$214,870$1,092,832
Other Land Buildings$623,544$297,307$920,851
Equipment$38,494$190,823$229,317
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth Bramson-BoudreauPresident, Publisher, and CEOFT$396,954$94,814$491,768
Miles WeinerAdvertising & Sales AdministratorFT$161,522$206,881$368,403
Mathew HonanEditor-In-ChiefFT$291,916$74,299$366,215
Andrew HendlerVP of Sales and Brand PartnershipsFT$236,899$75,361$312,260
Marii SebaharExecutive Director, Brand PartnershipsFT$174,535$124,941$299,476
Kristin IngramExecutive Director, Brand PartnershipsFT$171,921$118,087$290,008
Alison PapaliaVP of Marketing and Consumer RevenueFT$228,283$44,071$272,354
Caitlin BergmannAssociate VP, Integrated Marketing and BrandFT$199,752$69,680$269,432
Drake MartinetChief Technical OfficerFT$244,006$24,549$268,555
Amy LammersSenior VP of Events and Strategic PartnershipsFT$194,772$50,775$245,547
Ian KellerDirector, Brand PartnershipsFT$124,755$105,082$229,837
Enejda XheblatiTreasurerFT$162,233$49,792$212,025

Board Members and Trustees

NameTitle
Alan SpoonCo-Chair
Cynthia BarnhartCo-Chair
David SchmittleinDirector
Glen ShorDirector
Josh MachtDirector
Lara BoroDirector
Whitney EspichDirector
Peter CarusoClerk

Highest Paid Contractors

ContractorServicesLocationCompensation
Coral Sunset Dba Mauve GroupOff Site Payroll Services8 CIRRUS DRIVE APT 8302, Ashland, MA 01721$656,972
Linkedin CorporationAdvertising & Marketing-Other Media1000 W MAUDE AVENUE, Sunnyvale, CA 94085$586,606
Equus Global Expansion LLCConsulting Services1809 Blake Street Suite 200, Denver, CO 80202$503,089
Midland Paper CompanyPromotional & Memorabilia101 E PALATINE ROAD, Wheeling, IL 60090$497,648
Postlight LLCConsulting Services101 FIFTH AVE 10th FL, New York, NY 10003$479,304
Revenue and Support

Revenue Composition

Contributions and Grants
$5,569,000
Program Service Revenue
$14,382,000
Investment Income
$0
Other Revenue
$2,348,000
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,359,000
Other Expenses$9,940,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,390,000$820,000-$8,210,000
Fees for Services Other$2,671,000$1,009,000$0$3,680,000
Current Officers, Directors, Trustees, and Key Employees$982,000$1,195,000$0$2,177,000
Office Expenses$1,722,000--$1,722,000
Advertising$1,449,000--$1,449,000
Other Employee Benefits$995,000$111,000-$1,106,000
Information Technology$1,016,000--$1,016,000
Occupancy$928,000--$928,000
Payroll Taxes$584,000$65,000-$649,000
Conferences and Meetings$375,000--$375,000
Depreciation Depletion$290,000--$290,000
Other Expenses$267,000--$267,000
Pension Plan Contributions$195,000$22,000-$217,000
Travel$189,000--$189,000
Fees for Services Accounting-$16,000-$16,000
Fees for Services Legal-$8,000-$8,000
Total Functional Expenses$19,053,000$3,246,000$0$22,299,000
International Activity

International Summary

Offices
0
Employees
2
Spending
$196,690

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America (Canada & Mexico only)Program ServicesEmployment Related Services01$146,856
Europe (Including Iceland and Greenland)Program ServicesEmployment Related Services01$33,817
East Asia and the PacificProgram ServicesEmployment Related Services00$13,390
Central America and the CaribbeanProgram ServicesEmployment Related Services00$2,627
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ClerkLegal ServicesNo$7,785

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
Deferred Subscriptions$1,389,924
Other Liabilities$22,076
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Business Relationship

For fiscal year 2024, the following current officers/directors of Technology Review, Inc. were employed by the Massachusetts Institute of Technology, of which Glen Shor and Alan Spoon were officers and/or directors: Cynthia Barnhart, Whitney Espich, and David Schmittlein.

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

Technology review, inc. Follows applicable written policies and procedures of massachusetts institute of technology. 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 VI, Line 12C, 13, and 14 POLICIES AND PROCEDURES

All of technology review, inc.'s policies and procedures are established by mit, including policies on conflict of interest, whistleblower, and document retention and destruction.

Filing and Contact Details

Filer

Filer Name
Technology Review Inc
EIN
95-4893200
Phone
6174758000
Address
196 Broadway 3rd Floor, Cambridge, MA 02139

Signing Officer

Name
Enejda Xheblati
Title
CFO and Director of Operations
Phone
6174758013
Signed
2025-05-15

Organization Details

Formed
2002
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
3
Employees
69
Volunteers
0
Supplemental Narrative

Additional Explanations

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 IX, Line 11G Other Fees

MISCELLANEOUS PROFESSIONAL SERVICES - Total Expense: 3680000, Program Service Expense: 2671000, Management and General Expenses: 1009000, Fundraising Expenses: ;

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.

Form 990, Part V, Line 1A Statements Regarding Other IRS Filings and Tax Compliance

The massachusetts institute of technology provides procurement and payment services, including filing of forms 1099, for technology review according to the terms of a service agreement.

Form 990, Part V, Line 2A Statements Regarding Other IRS Filings and Tax Compliance

The massachusetts institute of technology files forms w-2 as an irc 3504 agent for technology review.

Financial Statement Notes

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 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 positions taken and has concluded that as of June 30, 2024, there are no significant uncertain positions taken or expected to be taken.

Raw XML AppendixShowing 400 of 939 raw XML fields

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/PersonNm0Elizabeth Bramson-Boudreau
IRS990/Form990PartVIISectionAGrp/PersonNm1Alan Spoon
IRS990/Form990PartVIISectionAGrp/PersonNm2Cynthia Barnhart
IRS990/Form990PartVIISectionAGrp/PersonNm3David Schmittlein
IRS990/Form990PartVIISectionAGrp/PersonNm4Glen Shor
IRS990/Form990PartVIISectionAGrp/PersonNm5Josh Macht
IRS990/Form990PartVIISectionAGrp/PersonNm6Lara Boro
IRS990/Form990PartVIISectionAGrp/PersonNm7Whitney Espich
IRS990/Form990PartVIISectionAGrp/PersonNm8Enejda Xheblati
IRS990/Form990PartVIISectionAGrp/PersonNm9Peter Caruso
IRS990/Form990PartVIISectionAGrp/PersonNm10Alison Papalia
IRS990/Form990PartVIISectionAGrp/PersonNm11Amy Lammers
IRS990/Form990PartVIISectionAGrp/PersonNm12Andrew Hendler
IRS990/Form990PartVIISectionAGrp/PersonNm13Drake Martinet
IRS990/Form990PartVIISectionAGrp/PersonNm14Mathew Honan
IRS990/Form990PartVIISectionAGrp/PersonNm15Caitlin Bergmann
IRS990/Form990PartVIISectionAGrp/PersonNm16Ian Keller
IRS990/Form990PartVIISectionAGrp/PersonNm17Kristin Ingram
IRS990/Form990PartVIISectionAGrp/PersonNm18Marii Sebahar
IRS990/Form990PartVIISectionAGrp/PersonNm19Miles Weiner
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President, Publisher, and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Clerk
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP of Marketing and Consumer Revenue
IRS990/Form990PartVIISectionAGrp/TitleTxt11Senior VP of Events and Strategic Partnerships
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP of Sales and Brand Partnerships
IRS990/Form990PartVIISectionAGrp/TitleTxt13Chief Technical Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt14Editor-In-Chief
IRS990/Form990PartVIISectionAGrp/TitleTxt15Associate VP, Integrated Marketing and Brand
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director, Brand Partnerships
IRS990/Form990PartVIISectionAGrp/TitleTxt17Executive Director, Brand Partnerships
IRS990/Form990PartVIISectionAGrp/TitleTxt18Executive Director, Brand Partnerships
IRS990/Form990PartVIISectionAGrp/TitleTxt19Advertising & Sales Administrator
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IRS990/MissionDesc0TECHNOLOGY REVIEW'S MISSION IS TO BRING ABOUT BETTER INFORMED AND MORE CONSCIOUS DECISIONS ABOUT TECHNOLOGY THROUGH AUTHORITATIVE, INFLUENTIAL, AND TRUSTWORTHY JOURNALISM.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.50$6.50$0.00$22.3$22.3$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.31$7.31$0.00$22.9$22.9$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.46$8.46$0.00$22.2$22.2$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.82$6.82$0.00$19.4$19.4$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$5.20$0.00$17.6$17.6$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$4.70$0.00$17.6$17.7$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$59.4$58.2$13.2$17.3$4.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$72.7$72.5$13.6$16.8$3.28
2016Detailed filing. Detailed filing data is available for this year.$1.34$69.9$68.5$8.15$13.0$4.82
2015Detailed filing. Detailed filing data is available for this year.$0.78$64.5$63.7$8.02$10.9$2.85
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$61.1$60.9$9.19$11.7$2.55
2013Summary only. Only limited summary data is available for this year.$0.62$58.9$58.3$7.69$10.6$2.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$56.1$55.4$10.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$53.7$52.3$9.85
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$50.9$49.3$9.55
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $10M-$25M nonprofits