Civic Intelligence

Innovative Optical and Wireless Network

990 • Fiscal year 2023 • EIN 84-4628405

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

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

63rd percentile

0.30x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.49x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Net Margin

91st percentile

29%

Higher net margin than 91% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Asset Growth

87th percentile

28%

Faster asset growth than 87% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$5,861,315

Up $1,287,367 (+28%) from 2022

Net Assets

Up

$4,111,042

Up $1,035,722 (+34%) from 2022

Liabilities

Up

$1,750,273

Up $251,645 (+17%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin91st percentile

Revenue

Up

$3,555,200

Up $479,781 (+16%) from 2022

Expenses

Up

$2,519,478

Up $990,121 (+65%) from 2022

Net Income

Down

$1,035,722

Down $510,340 (-33%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

2023

Assets$5,861,315
Liabilities$1,750,273
Net Assets$4,111,042
Open 2023 Filing

Operations Trend

Revenue Growth71st percentile

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

2023

Revenue$3,555,200
Expenses$2,519,478
Net Income$1,035,722
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 16, 2024
Return Version
2023v5.1
Gross Receipts
$3,555,200
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$4,358,948$5,553,932▲ $1,194,984
Accounts Receivable$215,000$234,000▲ $19,000
Prepaid Expenses and Deferred Charges$0$73,383▲ $73,383
Total Assets$4,573,948$5,861,315▲ $1,287,367
Liabilities
Deferred Revenue$1,408,249$1,612,127▲ $203,878
Accounts Payable and Accrued Expenses$90,379$138,146▲ $47,767
Total Liabilities$1,498,628$1,750,273▲ $251,645
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,075,320$4,111,042▲ $1,035,722
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$3,075,320$4,111,042▲ $1,035,722
Total Liabilities and Net Assets / Fund Balance$4,573,948$5,861,315▲ $1,287,367
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Katsuhiko KawazoeChairperson
Christopher WrightDirector
Gilles BourdonDirector
Hey-chyi YoungDirector
Jefferson WangDirector
Mike KelloggDirector
Per BemingDirector
Shingo MizunoDirector
Stephen AlexanderDirector
Tomohiro OtaniDirector
Ulrich DropmannDirector
Masayuki HattoriSecretary
Geng WuTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Virtual INCManagement Consulting401 EDGEWATER PL STE 600, Wakefield, MA 01880, Fr$874,925
Maverick Productions Boston LLCVideos Production396 WASHINGTON ST SUITE 383, Wellesley, MA 92481$230,000
The Westin Paris - Vendomethe Westin ParMeeting Host233 S WACKER DR SUITE 8000, Chicago, IL 60606$114,480
Seyfarth Shaw LLPLegal Services-$101,956
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,555,200
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,035,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,519,478
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
Conferences and Meetings---$949,295
Advertising---$714,565
Fees for Services Management---$554,684
Office Expenses---$139,923
Fees for Services Legal---$121,897
Information Technology---$21,774
Fees for Services Accounting---$12,200
Insurance---$5,140
Total Functional Expenses$0$0$0$2,519,478
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, conflict of interest policy, and financial statements 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
2024-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katsuhiko Kawazoe
Formed
2019
Legal Domicile
De
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
60

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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IRS990/Desc0IN 2023, IOWN GLOBAL FORUM EXPANDED ITS LIAISON PARTNERSHIP PROGRAM TO MAKE CONNECTIONS WITH KEY INDUSTRY ORGANIZATIONS, PUBLISHED THE VISION 2030 WHITE PAPER 2.0 AND THE KEY VALUES AND TECHNOLOGY EVOLUTION ROADMAP 1.0, PUBLISHED OVER 10 ADDITIONAL REFERENCE DOCUMENTS, AND APPROVED THE FIRST RECOGNIZED PROOF OF CONCEPT (POC) DEMONSTRATING THE VIABILITY, VALUE, AND PERFORMANCE OF IOWN BASED TECHNOLOGIES.
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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, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATIVE OPTICAL AND WIRELESS NETWORK
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GLENN MILLER CPA
ReturnHeader/ReturnTs02024-10-18T14:27:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,861,315
Liabilities
$1,750,273
Net assets
$4,111,042
Revenue
$3,555,200
Expenses
$2,519,478
Net income
$1,035,722
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