Civic Intelligence

Action Innovation Network Inc

990EZ • Fiscal year 2023 • EIN 45-1027952

Oct 01, 2022 to Sep 30, 2023 • Filed on Nov 01, 2023

100 Cummings Center Suite 451CBeverly, MA 01915

(508) 910-9831

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

94th percentile

41%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

74th percentile

$3,000

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

93rd percentile

60%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-66%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$19,847

Up $7,413 (+60%) from 2022

Net Assets

Up

$19,847

Up $7,413 (+60%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$17,900

Down $34,623 (-66%) from 2022

Expenses

Down

$10,486

Down $45,894 (-81%) from 2022

Net Income

Up

$7,414

Up $11,271 (+292%) from 2022

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$19,847
Liabilities-
Net Assets$19,847

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$17,900
Expenses$10,486
Net Income$7,414
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$17,900
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-$3,000-$3,000
LOU PETROVICPresident-$0--
TOM KINNEMANTreasurer-$0--
MICHAEL HANSONClerk-$0--
JOHN WEAVERDirector-$0--
RUDOLPH YAKSICKDirector-$0--
BETH ZONISDirector-$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
2023-11-01

Preparer

Firm
D E Rodrigues and Company Inc
Address
PO BOX 3634, FALL RIVER, MA 02722-3634
Preparer
Douglas E Rodrigues
Phone
5086796079
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing 638 150 meals 25 conference fees 100 2,049 bank fees 49 filing fees 19 dues & subscriptions 111 payroll processing fees 448 membership dues 1,045 total 4,634

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.

Raw XML Appendix129 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ATTRACTING 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 638 150 MEALS 25 CONFERENCE FEES 100 2,049 BANK FEES 49 FILING FEES 19 DUES & SUBSCRIPTIONS 111 PAYROLL PROCESSING FEES 448 MEMBERSHIP DUES 1,045 TOTAL 4,634
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PIPELINE 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.
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 29
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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)6 • <$500k nonprofits