Civic Intelligence

Massachusetts Innovation Networkinc

990EZ • Fiscal year 2024 • EIN 84-4289039

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 15, 2025

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

67th percentile

0.05x

Higher debt load relative to assets than 67% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.01x

Higher debt load relative to revenue than 51% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

66th percentile

9.9%

Higher net margin than 66% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

100th percentile

15018%

Faster asset growth than 100% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$19,805

Up $19,674 (+15018%) from 2023

Net Assets

Up

$18,805

Up $18,674 (+14255%) from 2023

Liabilities

$1,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin66th percentile

Revenue

Up

$189,490

Up $19,150 (+11%) from 2023

Expenses

Down

$170,817

Down $3,110 (-1.8%) from 2023

Net Income

Up

$18,673

Up $22,260 (+621%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth100th 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

2024

Assets$19,805
Liabilities$1,000
Net Assets$18,805
Open 2024 Filing

Operations Trend

Revenue Growth64th 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

2024

Revenue$189,490
Expenses$170,817
Net Income$18,673
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 15, 2025
Return Version
2024v5.0
Gross Receipts
$189,490
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 Pay74th 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
2025-02-15
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 3,715 office 235 insurance 2,189 subcontractors 95,423 events 52,406 website 128 dues 100 software and apps 3,617 telephone 1,554 total 159,367”

Form 990-ez, Part II, Line 26

“Unsecured notes and loans payable 0 1,000”

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 Appendix96 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/BOYAmt0132
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IRS990EZ/ContributionsGiftsGrantsEtcAmt0189490
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IRS990EZ/ExcessOrDeficitForYearAmt018673
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04034
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IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0132
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IRS990EZ/GrossReceiptsAmt0189490
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0132
IRS990EZ/NetAssetsOrFundBalancesEOYAmt018805
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0132
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt018805
IRS990EZ/OccupancyRentUtltsAndMaintAmt06921
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/OtherExpensesTotalAmt0159367
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/PrintingPublicationsPostageAmt0495
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/SumOfTotalLiabilitiesGrp/EOYAmt01000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0170817
IRS990EZ/TotalRevenueAmt0189490
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://WWW.NEWENGLANDINNOVATION.ORG/
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 3,715 OFFICE 235 INSURANCE 2,189 SUBCONTRACTORS 95,423 EVENTS 52,406 WEBSITE 128 DUES 100 SOFTWARE AND APPS 3,617 TELEPHONE 1,554 TOTAL 159,367
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNSECURED NOTES AND LOANS PAYABLE 0 1,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EDUCATIONAL 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 II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SOPHIA KAMBANIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09788888343
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-15
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/PreparationDt02025-02-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW OLDEN
ReturnHeader/ReturnTs02025-02-28T12:03:03-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,805
Liabilities
$1,000
Net assets
$18,805
Revenue
$189,490
Expenses
$170,817
Net income
$18,673
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