Action Innovation Network Inc
- Assets
- $19.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 03/2012
- Data as of
- 09/2023
- EIN
- 45-1027952
Organization Overview
Action Innovation Network Inc is located in Beverly, MA. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Action Innovation Network Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Action Innovation Network Inc generated $17.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $10.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (35.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Petrovic President | 0 | $0 | |
Joan Popolo Executive Di | 0 | $3,000 | |
Tom Kinneman Treasurer | 0 | $0 | |
Michael Hanson Clerk | 0 | $0 | |
John Weaver Director | 0 | $0 | |
Rudolph Yaksick Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,700 |
| Total Program Service Revenue | $13,200 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,900 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,275 |
| Professional fees and other payments to independent contractors | $2,525 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $52 |
| Other expenses | $4,634 |
| Total expenses | $10,486 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,847 |
| Other assets | $0 |
| Total assets | $19,847 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,847 |