ACTION INNOVATION NETWORK INC: Form 990EZ, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- ACTION INNOVATION NETWORK INC (EIN 45-1027952)
- Tax period
- 2013-10-01 to 2014-09-30
- Filed
- 2015-02-16
- IRS object ID
- 201520489349200737
- Schema version
- 2013v4.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-02-16T12:45:24-06:00 | ReturnTs |
| Tax Period End | 2014-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042887211 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KATZ NANNIS SOLOMON PC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 SOUTH STREET SUITE 250 | AddressLine1 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 024531480 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2013-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 451027952 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASSOCIATION OF CLEAN TECHNOLOGY | BusinessNameLine1 |
| Business Name Line2 | INCUBATORS OF NEW ENGLAND INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ASSO | BusinessNameControlTxt |
| Phone | 5089109831 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 151 MARTINE STREET | AddressLine1 |
| City | FALL RIVER | City |
| State | MA | State |
| ZIP Code | 02723 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOU PETROVIC | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5089109831 | PhoneNum |
| Signature | 2015-02-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LAWRENCE S NANNIS CPA | PreparerPersonNm |
| PTIN | P00061155 | PTIN |
| Phone | 7814538700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Website Address | WWW.ACTIONNEWENGLAND.ORG | WebsiteAddressTxt |
| Organization501c | Yes (X) | Organization501cInd |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $72,479 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $31,116 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $10,025 | ProgramServiceRevenueAmt |
| Membership Dues | $11,394 | MembershipDuesAmt |
| Other Revenue Total | $19,944 | OtherRevenueTotalAmt |
| Total Revenue | $72,479 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $7,400 | GrantsAndSimilarAmountsPaidAmt |
| Salaries Other Comp Empl Bnft | $71,375 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $5,275 | FeesAndOtherPymtToIndCntrctAmt |
| Printing Publications Postage | $146 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $19,047 | OtherExpensesTotalAmt |
| Total Expenses | $103,243 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$30,764 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $26,268 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | -$4,496 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,761 | BOYAmt |
| EOY | $5,579 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,368 | BOYAmt |
| EOY | $19,752 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,129 | BOYAmt |
| EOY | $25,331 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,861 | BOYAmt |
| EOY | $29,827 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,268 | BOYAmt |
| EOY | -$4,496 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | THE 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 AccomDescriptionProgramSrvcAccomTxt | Grants And AllocationsGrantsAndAllocationsAmt | Program 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 (11 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|
| MICHAEL RYAN | ||||
| DIRECTOR | 3.00 | $0 | $0 | $0 |
| LOU PETROVIC | ||||
| PRESIDENT | 1.00 | $0 | $0 | $0 |
| VINCENT DEVITO | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| BOB O'BRIEN | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| TOM KINNEMAN | ||||
| TREASURER | 3.00 | $0 | $0 | $0 |
| MARLA MICHEL | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| GILLIAN ISABELLE | ||||
| EXECUTIVE DIRECTOR & CLERK | 30.00 | $3,000 | $0 | $0 |
| JEFF MCAULEY | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| JASON HANNA | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| JEFF MARKS | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARK KAPLAN | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | 0 | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | 0 | OrganizationHadUBIInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Direct Indirect Pltcl Expend | $0 | DirectIndirectPltclExpendAmt |
| Made Loans To From Officers | 0 | MadeLoansToFromOfficersInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GILLIAN ISABELLE | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 UPLAND AVENUE | AddressLine1 |
| City | NEWTON | City |
| State | MA | State |
| ZIP Code | 02461 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6178775911 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Donor Advised Fnds | 0 | DonorAdvisedFndsInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Tanning Services Provided | 0 | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE | DESCRIPTION: REIMBURSED EXPENSES. AMOUNT: 7,744. DESCRIPTION: GREENTOWN LABS 2012 AWARD NOT ISSUED. AMOUNT: 12,200. TOTAL TO FORM 990-EZ, LINE 8: 19,944. |
| FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID | ACTIVITY CLASSIFICATION: AWARDS GIVEN. GRANTEE NAME: GREEN TOWN LABS. GRANTEE ADDRESS: 28 DANE STREET SOMERVILLE, MA 02143. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 11/10/13. AMOUNT GIVEN: 750. |
| FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID | ACTIVITY CLASSIFICATION: AWARDS GIVEN. GRANTEE NAME: GREEN TOWN LABS. GRANTEE ADDRESS: 28 DANE STREET SOMERVILLE, MA 02143. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 12/01/13. AMOUNT GIVEN: 5,950. |
| FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID | ACTIVITY CLASSIFICATION: AWARDS GIVEN. GRANTEE NAME: AKITA INNOVATIONS LLC. GRANTEE ADDRESS: 267 BOSTON ROAD SUITE 11 NORTH BILLERICA, MA 01862. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 03/17/14. AMOUNT GIVEN: 700. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 7,400. |
| FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES | DESCRIPTION: MEMBERSHIP DUES. AMOUNT: 3,360. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 7,020. DESCRIPTION: INSURANCE. AMOUNT: 2,675. DESCRIPTION: BANK FEES. AMOUNT: 26. DESCRIPTION: INTERNET EXPENSE. AMOUNT: 752. DESCRIPTION: CONFERENCE FEES. AMOUNT: 1,014. DESCRIPTION: EVENT SUPPORT. AMOUNT: 849. DESCRIPTION: TRAVEL EXPENSE. AMOUNT: 1,852. DESCRIPTION: MEALS. AMOUNT: 499. DESCRIPTION: MARKETING. AMOUNT: 206. DESCRIPTION: PAYROLL PROCESSING FEES. AMOUNT: 775. DESCRIPTION: STATE TAXES. AMOUNT: 19. TOTAL TO FORM 990-EZ, LINE 16: 19,047. |
| FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 11,157. END OF YEAR AMOUNT: 0. DESCRIPTION: MEMBER DUES RECEIVABLE. BEG. OF YEAR AMOUNT: 6,211. END OF YEAR AMOUNT: 19,752. |
| FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES | DESCRIPTION: AWARDS/GRANTS PAYABLE. BEG. OF YEAR AMOUNT: 7,034. END OF YEAR AMOUNT: 0. DESCRIPTION: CINE PROGRAM PAYABLE. BEG. OF YEAR AMOUNT: 5,952. END OF YEAR AMOUNT: 5,952. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 6,875. END OF YEAR AMOUNT: 23,875. |
Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Declaration | THE 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 |