Civic Intelligence

Massachusetts Innovation Networkinc

990EZ • Fiscal year 2023 • EIN 84-4289039

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 16, 2024

Organization ProfileWWW.NEWENGLANDINNOVATION.ORG
105 Wheeler DriveBoxbourough, MA 01719

(978) 888-8343

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

41st percentile

-2.1%

Higher net margin than 41% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

2nd percentile

-96%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

38th percentile

-0.7%

Faster revenue growth than 38% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$131

Down $3,588 (-96%) from 2022

Net Assets

Down

$131

Down $3,588 (-96%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin41st percentile

Revenue

Down

$170,340

Down $1,234 (-0.7%) from 2022

Expenses

Up

$173,927

Up $1,255 (+0.7%) from 2022

Net Income

Down

-$3,587

Down $2,489 (-227%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$30K$20K$10K$0Assets 2021: $4,817Net Assets 2021: $4,8172021Assets 2022: $3,719Net Assets 2022: $3,7192022Assets 2023: $131Net Assets 2023: $1312023Assets 2024: $19,805Liabilities 2024: $1,000Net Assets 2024: $18,8052024Assets 2025: $24,182Liabilities 2025: $0Net Assets 2025: $24,1822025

Highlighted filing

2023

Assets$131
Liabilities-
Net Assets$131
Open 2023 Filing

Operations Trend

Revenue Growth38th percentile

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

$300K$200K$100K$0-$100KRevenue 2021: $132,950Expenses 2021: $128,943Net Income 2021: $4,0072021Revenue 2022: $171,574Expenses 2022: $172,672Net Income 2022: -$1,0982022Revenue 2023: $170,340Expenses 2023: $173,927Net Income 2023: -$3,5872023Revenue 2024: $189,490Expenses 2024: $170,817Net Income 2024: $18,6732024Revenue 2025: $218,738Expenses 2025: $213,361Net Income 2025: $5,3772025

Highlighted filing

2023

Revenue$170,340
Expenses$173,927
Net Income-$3,587
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 16, 2024
Return Version
2023v5.0
Gross Receipts
$170,340
Mission and Program Overview

Mission

Educational and support to start ups and innovators which includes , but is not limited to, education, coaching, mentoring, publicity and network services and oppurtunities.

Program Services

DescriptionGrantsExpenses
EDUCATIONAL AND SUPPORT TO START UPS AND INNOVATORS WHICH INCLUDES , BUT IS NOT LIMITED TO, EDUCATION, COACHING, MENTORING, PUBLICITY AND NETWORK SERVICES AND OPPURTUNITIES.--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALEXANDER KAMBANISTreasurer-$0--
SOPHIA KAMBANISExecutive Di-$0--
PETROS KOTIDISClerk-$0--
Filing and Contact Details

Filer

Filer Name
Massachusetts Innovation Networkinc
EIN
84-4289039
Address
105 WHEELER DRIVE, BOXBOUROUGH, MA 01719

Signing Officer

Name
Sophia Kambanis
Title
Executive Director
Phone
9788888343
Signed
2024-02-16
Discuss with paid preparer
Yes

Preparer

Firm
Andrew R Olden Pc
Address
39 MAIN ST STE 301, AYER, MA 01432-1378
Preparer
Andrew Olden
Phone
9788709592
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising and promotion 2,778 office 624 insurance 2,178 subcontractors 126,893 events 18,450 bank fees 79 website 128 dues 90 postage 69 software and apps 2,517 telephone 888 total 154,694”

Form 990-ez, Part III

“Educational and support to start ups and innovators which includes , but is not limited to, education, coaching, mentoring, publicity and network services and oppurtunities.”

Raw XML Appendix94 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0SOPHIA KAMBANIS
IRS990EZ/BooksInCareOfDetail/PhoneNum09788888343
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt055 OLD BEDFORD ROAD STE 100
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LINCOLN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd001773
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt03718
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0131
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0170340
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-3587
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04225
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt03718
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0131
IRS990EZ/GrossReceiptsAmt0170340
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt03718
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0131
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt03718
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0131
IRS990EZ/OccupancyRentUtltsAndMaintAmt013260
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ALEXANDER KAMBANIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SOPHIA KAMBANIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2PETROS KOTIDIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CLERK
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0154694
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATIONAL AND SUPPORT TO START UPS AND INNOVATORS WHICH INCLUDES , BUT IS NOT LIMITED TO, EDUCATION, COACHING, MENTORING, PUBLICITY AND NETWORK SERVICES AND OPPURTUNITIES.
IRS990EZ/PrintingPublicationsPostageAmt01748
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATIONAL AND SUPPORT TO START UPS AND INNOVATORS WHICH INCLUDES , BUT IS NOT LIMITED TO, EDUCATION, COACHING, MENTORING, PUBLICITY AND NETWORK SERVICES AND OPPURTUNITIES.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0173927
IRS990EZ/TotalRevenueAmt0170340
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://WWW.NEWENGLANDINNOVATION.ORG/
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 2,778 OFFICE 624 INSURANCE 2,178 SUBCONTRACTORS 126,893 EVENTS 18,450 BANK FEES 79 WEBSITE 128 DUES 90 POSTAGE 69 SOFTWARE AND APPS 2,517 TELEPHONE 888 TOTAL 154,694
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EDUCATIONAL AND SUPPORT TO START UPS AND INNOVATORS WHICH INCLUDES , BUT IS NOT LIMITED TO, EDUCATION, COACHING, MENTORING, PUBLICITY AND NETWORK SERVICES AND OPPURTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SOPHIA KAMBANIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09788888343
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASSACHUSETTS INNOVATION NETWORKINC
ReturnHeader/Filer/BusinessNameControlTxt0MASS
ReturnHeader/Filer/EIN0844289039
ReturnHeader/Filer/USAddress/AddressLine1Txt0105 WHEELER DRIVE
ReturnHeader/Filer/USAddress/CityNm0BOXBOUROUGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001719
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272592429
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANDREW R OLDEN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt039 MAIN ST STE 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AYER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0014321378
ReturnHeader/PreparerPersonGrp/PhoneNum09788709592
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW OLDEN
ReturnHeader/ReturnTs02024-06-17T11:55:33-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SOPHIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KAMBANIS
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$131
Liabilities
-
Net assets
$131
Revenue
$170,340
Expenses
$173,927
Net income
-$3,587
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$2.19$2.13$0.05
2024Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$1.89$1.71$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$1.70$1.74$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.04$0.04$1.72$1.73$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.05$1.33$1.29$0.04