Nonprofit · EIN 45-1027952
ACTION INNOVATION NETWORK INC
Tax-exempt · BEVERLY, MA 01915
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-EZ | $17,741 | $11,325 | $6,416 | $21,815 | – | $21,815 |
| September 30, 2024 | 990-EZ | $14,445 | $18,893 | -$4,448 | $15,400 | – | $15,400 |
Financial details: 990-EZ for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $13,250
- Program service revenue
- $4,491
Expenses
- Compensation of officers, directors and key employees
- $873
- Salaries, compensation and benefits (total)
- $2,040
- Professional fees and payments to contractors
- $2,400
- Other expenses
- $6,885
Balance sheet and other
- Total assets, start of year
- $15,399
- Total assets, end of year
- $21,815
- Total liabilities, end of year
- –
- Net assets, end of year
- $21,815
- Cash, savings and investments
- $21,815
- Gross receipts
- $17,741
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN POPOLO | EXECUTIVE DI | 1 | $873 |
| LOU PETROVIC | PRESIDENT | 1 | $0 |
| TOM KINNEMAN | TREASURER | 1 | $0 |
| MICHAEL HANSON | CLERK | 1 | $0 |
| JOHN WEAVER | DIRECTOR | 1 | $0 |
| RUDOLPH YAKSICK | DIRECTOR | 1 | $0 |
| JAIMIE LOGAN | DIRECTOR | 1 | $0 |
| CLIFF EMMONS | DIRECTOR | 1 | $0 |
| MICHELE TOSI | DIRECTOR | 1 | $0 |
990-EZ for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN POPOLO | EXECUTIVE DI | 1 | $1,837 |
| LOU PETROVIC | PRESIDENT | 1 | $0 |
| TOM KINNEMAN | TREASURER | 1 | $0 |
| MICHAEL HANSON | CLERK | 1 | $0 |
| JOHN WEAVER | DIRECTOR | 1 | $0 |
| RUDOLPH YAKSICK | DIRECTOR | 1 | $0 |
| JAIMIE LOGAN | DIRECTOR | 1 | $0 |
| CLIFF EMMONS | DIRECTOR | 1 | $0 |
| MICHELE TOSI | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 100 CUMMINGS CTR STE 451C, BEVERLY, MA 01915-6132
- Mailing address (990-N for 2017)
- 151 Martine Street, Fall River MA 02723
- Principal officer (990-N for 2017)
- Joan Popolo, 151 Martine Street, Fall River MA 02723
- Signed the 990-EZ
- LOU PETROVIC, PRESIDENT
- Phone
- (508) 910-9831
- Website
- WWW.ACTIONNEWENGLAND.ORG
- Return prepared by
- RODRIGUES DRUM & COMPANY LLC
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
Program accomplishments
- PIPELINE DEVELOPMENT AND SUPPORTING A COLLABORATIVE NETWORK: THE PURPOSE OF THIS PROGRAM IS TO DEVELOP THE NETWORK INCLUDING ENCOURAGING OTHER INCUBATORS TO JOIN AS MEMBERS OF ACTION. THEY ALSO AIM TOWARDS ATTRACTING PORTFOLIO COMPANY PARTICIPATION IN ACTION NETWORK INCUBATORS - ATTENDING INDUSTRY CONFERENCES, WORKSHOPS, AND EDUCATIONAL FORUMS. ORGANIZATION OF SUCH WORKSHOPS AND EDUCATIONAL FORUMS FOR ITS INCUBATOR MEMBERS IS FUNDED BY GRANTS, MEMBERSHIP, AND SPONSORSHIP SUPPORT.
- 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.
- STRATEGY/ADMINISTRATION WITHIN THE INDUSTRY: THE PURPOSE OF THIS PROGRAM INCLUDES STRATEGY DEVELOPMENT AND IMPLEMENTATION, AND GENERAL MANAGEMENT OF OPERATIONS INCLUDING OVERSIGHT OF VOLUNTEERS AND INTERNS.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990-EZ on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990-EZ on file |
IRS record
- EIN
- 45-1027952
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2012
- Accounting year ends
- September
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $21,815
- Income (IRS master file)
- $17,741
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | September 2025 | $17,741 | $11,325 | $21,815 | XML |
| 990-EZ | September 2024 | $14,445 | $18,893 | $15,400 | IRS |
| 990-EZ | September 2023 | – | – | – | IRS |
| 990-EZ | September 2022 | – | – | – | IRS |
| 990-EZ | September 2021 | – | – | – | IRS |
| 990-EZ | September 2020 | – | – | – | IRS |
| 990-EZ | September 2019 | – | – | – | IRS |
| 990-N for 2017 Officer: Joan Popolo | September 30, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-1027952).
Questions about ACTION INNOVATION NETWORK INC
- What is the EIN of ACTION INNOVATION NETWORK INC?
- The employer identification number (EIN) of ACTION INNOVATION NETWORK INC is 45-1027952.
- Is ACTION INNOVATION NETWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2012.
- Are donations to ACTION INNOVATION NETWORK INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ACTION INNOVATION NETWORK INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ACTION INNOVATION NETWORK INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACTION INNOVATION NETWORK INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended September 2025.
- Who is the principal officer of ACTION INNOVATION NETWORK INC?
- The 990-N for 2017 names Joan Popolo.
- Who are the officers and directors of ACTION INNOVATION NETWORK INC?
- The 990-EZ for the year ended September 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $873 (JOAN POPOLO, EXECUTIVE DI).
- How much revenue does ACTION INNOVATION NETWORK INC have?
- On its 990-EZ for the year ended September 30, 2025 it reported revenue of $17,741, expenses of $11,325 and total assets of $21,815 at year end.
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