Civic Intelligence

Action Innovation Network Inc

EIN 45-1027952 • 501(c)6 • Beverly, MA

Profile

The association of clean technology incubators of new england, inc. (action), a massachusetts non-profit corporation formed in 2011, is a business league that fosters the association of persons having a common business interest in advancing the clean technology industry throughout new england. Action's mission is to enhance collaboration among new england clean technology incubators to strengthen the regional cluster, accelerate early stage company growth, and grow green jobs. Action is not organized for profit and no part of its net earnings inure to the benefit of any private shareholder or individual. Action is dedicated to improving business conditions for clean technology incubators and organizations by promoting growth and development across the industry. Action is the lead member of the "action network" comprised of not-for-profit clean technology incubators throughout new england, entrepreneurs/emerging companies and other entities having an interest in the clean-tech industry.

100 Cummings Center Suite 451CBeverly, MA 01915

www.actionnewengland.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

91st percentile

36%

Higher net margin than 91% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$873

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

90th percentile

42%

Faster asset growth than 90% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

79th percentile

23%

Faster revenue growth than 79% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$21,815

Up $6,415 (+42%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$21,815

Up $6,415 (+42%) from 2024

Revenue

Up

$17,741

Up $3,296 (+23%) from 2024

Expenses

Down

$11,325

Down $7,568 (-40%) from 2024

Net Income

Up

$6,416

Up $10,864 (+244%) from 2024

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2011: $0Liabilities 2011: $3,2152011Assets 2012: $30,854Liabilities 2012: $12,1172012Assets 2013: $46,129Liabilities 2013: $19,8612013Assets 2014: $25,331Liabilities 2014: $29,827Net Assets 2014: -$4,4962014Assets 2015: $18,409Liabilities 2015: $7,337Net Assets 2015: $11,0722015Assets 2019: $9,577Net Assets 2019: $9,5772019Assets 2020: $12,495Net Assets 2020: $12,4952020Assets 2021: $16,291Net Assets 2021: $16,2912021Assets 2022: $12,434Net Assets 2022: $12,4342022Assets 2023: $19,847Net Assets 2023: $19,8472023Assets 2024: $15,400Net Assets 2024: $15,4002024Assets 2025: $21,815Net Assets 2025: $21,8152025

Highlighted filing

2025

Assets$21,815
Liabilities-
Net Assets$21,815

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $16,777Expenses 2011: $19,992Net Income 2011: -$3,2152011Revenue 2012: $146,492Expenses 2012: $124,540Net Income 2012: $21,9522012Revenue 2013: $153,747Expenses 2013: $146,216Net Income 2013: $7,5312013Revenue 2014: $72,479Expenses 2014: $103,243Net Income 2014: -$30,7642014Revenue 2015: $47,675Expenses 2015: $32,107Net Income 2015: $15,5682015Revenue 2019: $97,964Expenses 2019: $93,274Net Income 2019: $4,6902019Revenue 2020: $168,601Expenses 2020: $165,683Net Income 2020: $2,9182020Revenue 2021: $193,859Expenses 2021: $190,063Net Income 2021: $3,7962021Revenue 2022: $52,523Expenses 2022: $56,380Net Income 2022: -$3,8572022Revenue 2023: $17,900Expenses 2023: $10,486Net Income 2023: $7,4142023Revenue 2024: $14,445Expenses 2024: $18,893Net Income 2024: -$4,4482024Revenue 2025: $17,741Expenses 2025: $11,325Net Income 2025: $6,4162025

Highlighted filing

2025

Revenue$17,741
Expenses$11,325
Net Income$6,416

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 9, 2026
Return Version
2024v5.0
Gross Receipts
$17,741
Mission and Program Overview

Mission

Action innovation network, inc., (action), a massachusetts non-profit corporation formed in 2011, is a business league that fosters the association of persons having a common business interest in advancing technology industries throughout new england through business incubation of early-stage companies. Action is a collaborative network of technology business incubators and other entrepreneur support organizations. Together they promote the growth and success of the entrepreneurial ecosystem, share resources and best practices, strengthen technology clusters, and contribute to economic improvement. The network of incubators provides diverse resources and a highly-supportive hub in which entrepreneurs, business leaders, government agencies, community leaders, investors, universities, and other interested organizations can collaborate toward the successful commercialization of technology enterprises that will build a prosperous economy, improve quality of life and sustain the health of o

Program Services

DescriptionGrantsExpenses
PIPELINE DEVELOPMENT AND SUPPORTING A COLLABORATIVE NETWORK: THE PURPOSE OF THIS PROGRAM IS TO DEVELOP THE NETWORK INCLUDING ENCOURAGING OTHER INCUBATORS TO JOIN AS MEMBERS OF ACTION. THEY ALSO AIM TOWARDS ATTRACTING PORTFOLIO COMPANY PARTICIPATION IN ACTION NETWORK INCUBATORS - ATTENDING INDUSTRY CONFERENCES, WORKSHOPS, AND EDUCATIONAL FORUMS. ORGANIZATION OF SUCH WORKSHOPS AND EDUCATIONAL FORUMS FOR ITS INCUBATOR MEMBERS IS FUNDED BY GRANTS, MEMBERSHIP, AND SPONSORSHIP SUPPORT.--
ATTRACTING INTERNATIONAL STARTUPS INTO THE ACTION NETWORK OF INCUBATORS: ACTION'S 2018 EDA I6 GRANT AWARD FROM THE U.S. DEPARTMENT OF COMMERCE ENABLES ACTION TO BUILD PROGRAMS TO ATTRACT AND LAND INTERNATIONAL SCALE-UP TECHNOLOGY COMPANIES (E.G. LIFE SCIENCE, CLEANTECH, ROBOTICS, ADVANCED MATERIALS, AND MARINE/MARITIME) INTO THE ACTION NETWORK OF BUSINESS INCUBATORS AS A FIRST U.S. OFFICE. THIS CREATED A PIPELINE OF INTERNATIONAL COMPANY INTRODUCTIONS TO THE INCUBATOR MEMBERS OF SOFT LANDING PROGRAMS. FURTHER, THE GRAND PROVIDES FUNDING TO CREATE AND SUPPORT A TECHNOLOGY ECOSYSTEM ASSET MAP, A FILTERABLE/SORTABLE MAPPING SYSTEM TO ALLOW IDENTIFICATION OF REGIONAL TECHNOLOGY ASSETS THAT ARE RELEVANT TO BOTH DOMESTIC AND INTERNATIONAL COMPANIES. WORKSHOPS AND STAKEHOLDERS MIXERS ARE ARRANGED FOR INCUBATOR MANAGERS TO INFORM AND INSTRUCT ON BEST PRACTICES IN SUPPORTING INTERNATIONAL COMPANIES IN INCUBATION, AS WELL AS BUILDING COMMUNITY WITHIN THE NETWORK.--
STRATEGY/ADMINISTRATION WITHIN THE INDUSTRY: THE PURPOSE OF THIS PROGRAM INCLUDES STRATEGY DEVELOPMENT AND IMPLEMENTATION, AND GENERAL MANAGEMENT OF OPERATIONS INCLUDING OVERSIGHT OF VOLUNTEERS AND INTERNS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOAN POPOLOExecutive Di-$873-$873
LOU PETROVICPresident-$0--
TOM KINNEMANTreasurer-$0--
MICHAEL HANSONClerk-$0--
JOHN WEAVERDirector-$0--
RUDOLPH YAKSICKDirector-$0--
JAIMIE LOGANDirector-$0--
CLIFF EMMONSDirector-$0--
MICHELE TOSIDirector-$0--
Filing and Contact Details

Filer

Filer Name
Action Innovation Network Inc
EIN
45-1027952
Phone
5089109831
Address
100 CUMMINGS CENTER SUITE 451C, BEVERLY, MA 01915

Signing Officer

Name
Lou Petrovic
Title
President
Phone
5089109831
Signed
2026-02-09

Preparer

Firm
Rodrigues Drum & Company LLC
Address
PO BOX 2979, FALL RIVER, MA 02722
Preparer
Stephanie Drum
Phone
5086796079
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing 961 78 meals 1,593 2,312 bank fees 414 dues & subscriptions 170 filing fees 19 membership dues 532 payroll processing fees 766 programs 40 total 6,885

Form 990-ez, Part III

Action innovation network, inc., (action), a massachusetts non-profit corporation formed in 2011, is a business league that fosters the association of persons having a common business interest in advancing technology industries throughout new england through business incubation of early-stage companies. Action is a collaborative network of technology business incubators and other entrepreneur support organizations. Together they promote the growth and success of the entrepreneurial ecosystem, share resources and best practices, strengthen technology clusters, and contribute to economic improvement. The network of incubators provides diverse resources and a highly-supportive hub in which entrepreneurs, business leaders, government agencies, community leaders, investors, universities, and other interested organizations can collaborate toward the successful commercialization of technology enterprises that will build a prosperous economy, improve quality of life and sustain the health of our environment. Action is not organized for profit and no part of its net earnings inure to the benefit of any private shareholder or individual. Action is dedicated to improving business conditions for technology incubators and organizations by promoting growth and development across the industry. Action is the lead member of the "action network" comprised of not-for- profit, for-profit technology incubators and other entrepreneur support organizations throughout new england.

Form 990-ez, Part III, Line 28

Pipeline development and supporting a collaborative network: the purpose of this program is to develop the network including encouraging other incubators to join as members of action. They also aim towards attracting portfolio company participation in action network incubators - attending industry conferences, workshops, and educational forums. Organization of such workshops and educational forums for its incubator members is funded by grants, membership, and sponsorship support.

Form 990-ez, Part III, Line 29

Attracting international startups into the action network of incubators: action's 2018 eda i6 grant award from the u.s. Department of commerce enables action to build programs to attract and land international scale-up technology companies (e.g. Life science, cleantech, robotics, advanced materials, and marine/maritime) into the action network of business incubators as a first u.s. Office. This created a pipeline of international company introductions to the incubator members of soft landing programs. Further, the grand provides funding to create and support a technology ecosystem asset map, a filterable/sortable mapping system to allow identification of regional technology assets that are relevant to both domestic and international companies. Workshops and stakeholders mixers are arranged for incubator managers to inform and instruct on best practices in supporting international companies in incubation, as well as building community within the network.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTION INNOVATION NETWORK, INC., (ACTION), A MASSACHUSETTS NON-PROFIT CORPORATION FORMED IN 2011, IS A BUSINESS LEAGUE THAT FOSTERS THE ASSOCIATION OF PERSONS HAVING A COMMON BUSINESS INTEREST IN ADVANCING TECHNOLOGY INDUSTRIES THROUGHOUT NEW ENGLAND THROUGH BUSINESS INCUBATION OF EARLY-STAGE COMPANIES. ACTION IS A COLLABORATIVE NETWORK OF TECHNOLOGY BUSINESS INCUBATORS AND OTHER ENTREPRENEUR SUPPORT ORGANIZATIONS. TOGETHER THEY PROMOTE THE GROWTH AND SUCCESS OF THE ENTREPRENEURIAL ECOSYSTEM, SHARE RESOURCES AND BEST PRACTICES, STRENGTHEN TECHNOLOGY CLUSTERS, AND CONTRIBUTE TO ECONOMIC IMPROVEMENT. THE NETWORK OF INCUBATORS PROVIDES DIVERSE RESOURCES AND A HIGHLY-SUPPORTIVE HUB IN WHICH ENTREPRENEURS, BUSINESS LEADERS, GOVERNMENT AGENCIES, COMMUNITY LEADERS, INVESTORS, UNIVERSITIES, AND OTHER INTERESTED ORGANIZATIONS CAN COLLABORATE TOWARD THE SUCCESSFUL COMMERCIALIZATION OF TECHNOLOGY ENTERPRISES THAT WILL BUILD A PROSPEROUS ECONOMY, IMPROVE QUALITY OF LIFE AND SUSTAIN THE HEALTH OF OUR ENVIRONMENT. ACTION IS NOT ORGANIZED FOR PROFIT AND NO PART OF ITS NET EARNINGS INURE TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL. ACTION IS DEDICATED TO IMPROVING BUSINESS CONDITIONS FOR TECHNOLOGY INCUBATORS AND ORGANIZATIONS BY PROMOTING GROWTH AND DEVELOPMENT ACROSS THE INDUSTRY. ACTION IS THE LEAD MEMBER OF THE "ACTION NETWORK" COMPRISED OF NOT-FOR- PROFIT, FOR-PROFIT TECHNOLOGY INCUBATORS AND OTHER ENTREPRENEUR SUPPORT ORGANIZATIONS THROUGHOUT NEW ENGLAND.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ATTRACTING INTERNATIONAL STARTUPS INTO THE ACTION NETWORK OF INCUBATORS: ACTION'S 2018 EDA I6 GRANT AWARD FROM THE U.S. DEPARTMENT OF COMMERCE ENABLES ACTION TO BUILD PROGRAMS TO ATTRACT AND LAND INTERNATIONAL SCALE-UP TECHNOLOGY COMPANIES (E.G. LIFE SCIENCE, CLEANTECH, ROBOTICS, ADVANCED MATERIALS, AND MARINE/MARITIME) INTO THE ACTION NETWORK OF BUSINESS INCUBATORS AS A FIRST U.S. OFFICE. THIS CREATED A PIPELINE OF INTERNATIONAL COMPANY INTRODUCTIONS TO THE INCUBATOR MEMBERS OF SOFT LANDING PROGRAMS. FURTHER, THE GRAND PROVIDES FUNDING TO CREATE AND SUPPORT A TECHNOLOGY ECOSYSTEM ASSET MAP, A FILTERABLE/SORTABLE MAPPING SYSTEM TO ALLOW IDENTIFICATION OF REGIONAL TECHNOLOGY ASSETS THAT ARE RELEVANT TO BOTH DOMESTIC AND INTERNATIONAL COMPANIES. WORKSHOPS AND STAKEHOLDERS MIXERS ARE ARRANGED FOR INCUBATOR MANAGERS TO INFORM AND INSTRUCT ON BEST PRACTICES IN SUPPORTING INTERNATIONAL COMPANIES IN INCUBATION, AS WELL AS BUILDING COMMUNITY WITHIN THE NETWORK.
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