Massachusetts Innovation Network Inc
- Assets
- $131.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boxbourough, MA
- Founding
- Data as of
- 12/2023
- EIN
- 84-4289039
Organization Overview
Massachusetts Innovation Network Inc is located in Boxbourough, MA. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Massachusetts 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 12/2023, Massachusetts Innovation Network Inc generated $170.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $173.9k during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL AND SUPPORT TO START UPS AND INNOVATORS WHICH INCLUDES , BUT IS NOT LIMITED TO, EDUCATION, COACHING, MENTORING, PUBLICITY AND NETWORK SERVICES AND OPPURTUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Kambanis Treasurer | 0 | $0 | |
Sophia Kambanis Executive Di | 0 | $0 | |
Petros Kotidis Clerk | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,340 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $170,340 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,225 |
| Occupancy, rent, utilities, and maintenance | $13,260 |
| Printing, publications, postage, and shipping | $1,748 |
| Other expenses | $154,694 |
| Total expenses | $173,927 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $131 |
| Other assets | $0 |
| Total assets | $131 |
| Total liabilities | $0 |
| Net assets or fund balances | $131 |