STRATEGY STUDIO / PUBLIC DATA EXPLORER

ACTION INNOVATION NETWORK INC: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ACTION INNOVATION NETWORK INC (EIN 45-1027952)
Tax period
2014-10-01 to 2015-09-30
Filed
2016-08-09
IRS object ID
201622229349201112
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-08-09T15:18:34-05:00ReturnTs
Tax Period End2015-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042887211PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KATZ NANNIS SOLOMON PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 SOUTH STREET SUITE 250AddressLine1Txt
CityWALTHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024531480ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2014-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN451027952EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ASSOCIATION OF CLEAN TECHNOLOGYBusinessNameLine1Txt
Business Name Line2INCUBATORS OF NEW ENGLAND INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlASSOBusinessNameControlTxt
Phone5089109831PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1151 MARTINE STREETAddressLine1Txt
CityFALL RIVERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02723ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLOU PETROVICPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5089109831PhoneNum
Signature2016-08-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFFREY D SOLOMON CPA CVAPreparerPersonNm
PTINP00039505PTIN
Phone7814538700PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressWWW.ACTIONNEWENGLAND.ORGWebsiteAddressTxt
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$47,675GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$14,310ContributionsGiftsGrantsEtcAmt
Program Service Revenue$0ProgramServiceRevenueAmt
Membership Dues$10,000MembershipDuesAmt
Other Revenue Total$23,365OtherRevenueTotalAmt
Total Revenue$47,675TotalRevenueAmt
Salaries Other Comp Empl Bnft$29,888SalariesOtherCompEmplBnftAmt
Other Expenses Total$2,219OtherExpensesTotalAmt
Total Expenses$32,107TotalExpensesAmt
Excess Or Deficit For Year$15,568ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$4,496NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$11,072NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$5,579BOYAmt
EOY$11,700EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$19,752BOYAmt
EOY$6,709EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$25,331BOYAmt
EOY$18,409EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$29,827BOYAmt
EOY$7,337EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$4,496BOYAmt
EOY$11,072EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTHE ASSOCIATION OF CLEAN TECHNOLOGY INCUBATORS OF NEW ENGLAND, 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 THE CLEAN TECHNOLOGY INDUSTRY THROUGHOUT NEW ENGLAND. ACTION'S MISSION IS TO ENHANCE COLLABORATION AMONG NEW ENGLAND CLEAN TECHNOLOGY INCUBATORS TO STRENGTHEN THE REGIONAL CLUSTER, ACCELERATE EARLY STAGE COMPANY GROWTH, AND GROW GREEN JOBS. ACTION IS NOT ORGANIZED FOR PROFIT AND NO PART OF ITS NET EARNINGS INURE TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL. ACTION IS DEDICATED TO IMPROVING BUSINESS CONDITIONS FOR CLEAN TECHNOLOGY INCUBATORS AND ORGANIZATIONS BY PROMOTING GROWTH AND DEVELOPMENT ACROSS THE INDUSTRY. ACTION IS THE LEAD MEMBER OF THE "ACTION NETWORK" COMPRISED OF NOT-FOR-PROFIT CLEAN TECHNOLOGY INCUBATORS THROUGHOUT NEW ENGLAND, ENTREPRENEURS/EMERGING COMPANIES AND OTHER ENTITIES HAVING AN INTEREST IN THE CLEAN-TECH INDUSTRY.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
PIPELINE DEVELOPMENT: 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. THE ATTENDANCE AT SUCH CONFERENCES, WORKSHOPS AND EDUCATIONAL FORUMS IS FUNDED BY GRANTS, MEMBERSHIP, AND SPONSORSHIP SUPPORT.$0$0
FUNDRAISING AND DISTRIBUTION OF GRANTS: THE ORGANIZATION HAS MOVED FORWARD IN MAKING DIRECT GRANTS TO INCUBATORS, EACH A NON-PROFIT CORPORATION WHICH HAS OBTAINED 501(C)(3) EXEMPTION FROM THE INTERNAL REVENUE SERVICE, AND/OR TAX EXEMPT UNIVERSITIES THAT ARE PUBLIC UNIVERSITIES, OUT OF OVERALL FUNDS RECEIVED BY ACTION FROM FEDERAL AND STATE AWARDS FOR CLEAN TECHNOLOGY INITIATIVES, FOR SUCH INCUBATOR'S USE IN INTERNAL OPERATIONS SUPPORT, PROGRAM DEVELOPMENT, AND SIMILAR PURPOSES. SUCH GRANTS WILL BE AWARDED TO MEMBER INCUBATORS AND UNIVERSITIES PURSUANT TO THE OBJECTIVES AND CRITERIA SET FORTH BY THE GRANTOR COUPLED WITH INPUT FROM AN INDEPENDENT COMMITTEE OF THE BOARD. ACTION INTENDS THAT THE GRANT MAKING PROCESS WILL BE TRANSPARENT AND WITHOUT CONFLICT OF INTEREST. THESE GRANTS WILL BE FUNDED FROM SPONSORSHIP/MEMBERSHIP REVENUES, REGIONAL, STATE AND FEDERAL AGENCIES, FOUNDATIONS AND OTHER SOURCES, THE U-LAUNCH PROGRAM, THE 16 GREEN AWARD AND OTHER SIMILAR PROGRAMS, AND GRANTS FROM TIME TO TIME.$0$0
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.$0$0

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL RYAN
IMMEDIATE PAST PRESIDENT, EXEC COMM3.00$0$0$0
LOU PETROVIC
PRESIDENT, EXEC COMM1.00$0$0$0
VINCENT DEVITO
DIRECTOR1.00$0$0$0
BOB O'BRIEN
DIRECTOR1.00$0$0$0
TOM KINNEMAN
TREASURER, EXEC COMM3.00$0$0$0
JEFF MARKS
DIRECTOR1.00$0$0$0
JOAN POPOLO
EXECUTIVE DIRECTOR15.00$3,750$0$0
EMILY REICHERT
DIRECTOR1.00$0$0$0
RUDOLPH YAKSICK
DIRECTOR1.00$0$0$0
BETH ZONIS
DIRECTOR1.00$0$0$0
MICHELE TOSI
DIRECTOR1.00$0$0$0
MICHAEL HANSON
PROGRAM MANAGER10.00$1,500$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOAN POPOLOBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1MARTINE STREETAddressLine1Txt
CityFALL RIVERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02723ZIPCd
FieldValueIRS element (for citing)
Phone9782870324PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: OTHER INCOME. AMOUNT: 23,365.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: TELEPHONE. AMOUNT: 111. DESCRIPTION: INSURANCE. AMOUNT: 1,286. DESCRIPTION: INTERNET EXPENSE. AMOUNT: 56. DESCRIPTION: PAYROLL PROCESSING FEES. AMOUNT: 766. TOTAL TO FORM 990-EZ, LINE 16: 2,219.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: MEMBER DUES RECEIVABLE. BEG. OF YEAR AMOUNT: 19,752. END OF YEAR AMOUNT: 4,733. DESCRIPTION: UNDEPOSITED FUNDS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,976.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: CINE PROGRAM PAYABLE. BEG. OF YEAR AMOUNT: 5,952. END OF YEAR AMOUNT: 5,952. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 23,875. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER PAYABLES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,385.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc