Action Innovation Network Inc
Nonprofit profile at a glance
- EIN
- 451027952
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- Beverly, MA, USA
- Phone
- 5089109831
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $17,741
- Expenses
- $11,325
- Assets
- $21,815
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- LOU PETROVIC (PRESIDENT)
People named in this filing
- LOU PETROVIC (PRESIDENT)
- JOAN POPOLO (EXECUTIVE DI)
- TOM KINNEMAN (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
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
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 75% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 60
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 36.2%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 1.93; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 7.7%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -5.1% per year; rating input score 0; 34th percentile among comparable filings
- Asset growth: -1.2% per year; rating input score 0; 34th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 1 filed schedules
- Filing history: 8 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 10/100.