Civic Intelligence

Innovative Optical and Wireless Network

990 • Fiscal year 2021 • EIN 84-4628405

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 26, 2022

Organization ProfileWWW.IOWNGF.ORG
401 Edgewater Place 600Wakefield, MA 01880

(781) 246-0500

Siviq Scores

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

Liabilities / Assets

88th percentile

0.53x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.88x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

97th percentile

61%

Higher net margin than 97% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

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

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

$3,264,207

No earlier filing loaded for comparison.

Net Assets

$1,529,258

No earlier filing loaded for comparison.

Liabilities

$1,734,949

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin97th percentile

Revenue

$1,977,333

No earlier filing loaded for comparison.

Expenses

$779,474

No earlier filing loaded for comparison.

Net Income

$1,197,859

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2021: $3,264,207Liabilities 2021: $1,734,949Net Assets 2021: $1,529,2582021Assets 2022: $4,573,948Liabilities 2022: $1,498,628Net Assets 2022: $3,075,3202022Assets 2023: $5,861,315Liabilities 2023: $1,750,273Net Assets 2023: $4,111,0422023Assets 2024: $7,339,368Liabilities 2024: $2,090,043Net Assets 2024: $5,249,3252024

Highlighted filing

2021

Assets$3,264,207
Liabilities$1,734,949
Net Assets$1,529,258
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Revenue 2021: $1,977,333Expenses 2021: $779,474Net Income 2021: $1,197,8592021Revenue 2022: $3,075,419Expenses 2022: $1,529,357Net Income 2022: $1,546,0622022Revenue 2023: $3,555,200Expenses 2023: $2,519,478Net Income 2023: $1,035,7222023Revenue 2024: $4,112,302Expenses 2024: $2,974,019Net Income 2024: $1,138,2832024

Highlighted filing

2021

Revenue$1,977,333
Expenses$779,474
Net Income$1,197,859
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 26, 2022
Return Version
2021v4.2
Gross Receipts
$1,977,333
Mission and Program Overview

Mission

Our mission is to propel technologies in communication and network infrastructure to meet technological challenges and social needs so that we will be able to contribute to delivering the best value to all global citizens, making the world a better place.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$986,170$2,653,163▲ $1,666,993
Accounts Receivable$230,000$574,000▲ $344,000
Prepaid Expenses and Deferred Charges$428$37,044▲ $36,616
Total Assets$1,216,598$3,264,207▲ $2,047,609
Liabilities
Deferred Revenue$830,101$1,681,768▲ $851,667
Accounts Payable and Accrued Expenses$55,098$53,181▼ $1,917
Total Liabilities$885,199$1,734,949▲ $849,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$331,399$1,529,258▲ $1,197,859
Total Net Assets Fund Balance$331,399$1,529,258▲ $1,197,859
Total Liabilities and Net Assets / Fund Balance$1,216,598$3,264,207▲ $2,047,609
Compensation and Service Providers
Top Officer Pay25th percentile

Board Members and Trustees

NameTitle
Katsuhiko KawazoePresident
Gerald DegraceDirector
Gilles BourdonDirector
Per BemingDirector
Shingo MizunoDirector
Vishwamitra NandlallDirector
Yuan-kuang TuDirector
Masayuki HattoriSecretary
Geng WuTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Virtual INCAssociation Management Services401 EDGEWATER PL STE 600, Wakefield, MA 01880$548,598
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,977,333
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,197,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$779,474
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$231,250
Advertising---$230,360
Office Expenses---$86,721
Conferences and Meetings---$85,414
Information Technology---$50,250
Fees for Services Accounting---$48,000
Fees for Services Legal---$47,479
Total Functional Expenses$0$0$0$779,474
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization's board of directors reviews the form 990 prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Board of directors are required to disclose any conflicts of interest annually. When a conflict of interest occurs, any parties that are involved in the conflict of interest recuse themselves from voting on the matter.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Innovative Optical and Wireless Network
EIN
84-4628405
Phone
7812460500
Address
401 EDGEWATER PLACE 600, WAKEFIELD, MA 01880

Signing Officer

Name
Geng Wu
Title
Treasurer
Phone
7812460500
Signed
2022-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Geng Wu
Formed
2019
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Wegner Cpas Llp
Address
419 N LEE ST, ALEXANDRIA, VA 22314-2301
Preparer
Glenn Miller CPA
Phone
7035190990
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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/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY. WHEN A CONFLICT OF INTEREST OCCURS, ANY PARTIES THAT ARE INVOLVED IN THE CONFLICT OF INTEREST RECUSE THEMSELVES FROM VOTING ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0223142301
ReturnHeader/PreparerPersonGrp/PhoneNum07035190990
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GLENN MILLER CPA
ReturnHeader/ReturnTs02022-09-27T10:43:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GENG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WU
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,264,207
Liabilities
$1,734,949
Net assets
$1,529,258
Revenue
$1,977,333
Expenses
$779,474
Net income
$1,197,859
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.34$2.09$5.25$4.11$2.97$1.14
2023Detailed filing. Detailed filing data is available for this year.$5.86$1.75$4.11$3.56$2.52$1.04
2022Detailed filing. Detailed filing data is available for this year.$4.57$1.50$3.08$3.08$1.53$1.55
2021Detailed filing. Detailed filing data is available for this year.$3.26$1.73$1.53$1.98$0.78$1.20