Technology Review Inc
- Assets
- $6.8m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 70
- Location
- Cambridge, MA
- Founding
- 05/2002
- Data as of
- 06/2021
- EIN
- 95-4893200
Organization Overview
Technology Review Inc is located in Cambridge, MA. The organization was established in 2002. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Technology Review Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology Review Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Technology Review Inc generated $19.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $19.4m during the year ending 06/2021. While expenses have increased by 7.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TECHNOLOGY REVIEW'S MISSION IS TO BRING ABOUT BETTER INFORMED AND MORE CONSCIOUS DECISIONS ABOUT TECHNOLOGY THROUGH AUTHORITATIVE, INFLUENTIAL, AND TRUSTWORTHY JOURNALISM.
Describe the Organization's Program Activity:
PUBLICATION OF A MAGAZINE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Director, Special Projects | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rreef America Reit Ii Corp Distributions | 6/29/21 | $856,511 |
Piano Software Inc Software/product Development | 6/29/21 | $233,700 |
Asendia Usa Inc Shipping | 6/29/21 | $175,334 |
Wmbe Payrolling Inc Dba Targetcw Staffing Services | 6/29/21 | $228,471 |
Postlight Llc Professional Services | 6/29/21 | $469,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,806,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,806,000 |
| Total Program Service Revenue | $12,719,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,899,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,424,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,229,000 |
| Compensation of current officers, directors, key employees. | $693,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,002,000 |
| Pension plan accruals and contributions | $541,000 |
| Other employee benefits | $1,021,000 |
| Payroll taxes | $576,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,154,000 |
| Advertising and promotion | $338,000 |
| Office expenses | $1,472,000 |
| Information technology | $1,072,000 |
| Royalties | $0 |
| Occupancy | $1,216,000 |
| Travel | $16,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,000 |
| Insurance | $0 |
| All other expenses | $423,000 |
| Total functional expenses | $19,424,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,075,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $316,000 |
| Net Land, buildings, and equipment | $386,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,822,000 |
| Accounts payable and accrued expenses | $3,477,000 |
| Grants payable | $0 |
| Deferred revenue | $1,636,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,709,000 |
| Total liabilities | $6,822,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,822,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Technology Review Inc has recieved totaling $4,806,315.
| Awarding Organization | Amount |
|---|---|
Massachusetts Institute Of Technology Cambridge, MA PURPOSE: Contribution | $4,806,315 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Look Media Works Inc New York, NY | $8,923,263 | $13,712,748 |
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |
Harvard Magazine Incorporated Cambridge, MA | $2,271,377 | $3,610,627 |
American Booksellers Assoc Inc White Plains, NY | $43,213,298 | $1,963,902 |