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Action INC EIN 04-2389332

Action INC FY2020 filing

EIN  04-2389332 Public charity (501(c)(3)) Gloucester, MA Founded 1967
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/5/26 · see original filing: IRS
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Size
$100M+
What they do
Creates opportunities for a thriving Cape Ann community for everyone.
Leadership
Elliott Jacobson · V.p. of Energy Services · $168K
Money in and out
$46.5M revenue, $46.5M expenses
Bottom line
96% program efficiency

Creates opportunities for a thriving Cape Ann community for everyone. For fiscal year 2020 it reported $46.5M in revenue, $46.5M in expenses, and $16.9M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$46.5M
Pt VIII · Ln 12
Total expenses
$46.5M
Pt IX · Ln 25
Net assets
$16.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$63K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.03 Fundraising $0.00
Program efficiency
96%
of spending reaches programs
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$46.5M
FY2020
Expenses
$46.5M
FY2020
Total assets
$23.4M
FY2020
Total liabilities
$6.5M
FY2020
Total revenue
$46.5M
Pt VIII · Ln 12
Total expenses
$46.5M
Pt IX · Ln 25
Net assets
$16.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$63K
Total assetsPt X · Ln 16$23.4M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $41.6M of program spending, described in the organization's own filed words · FY2019.
01

Energy Management

A law was enacted which required that low-income residential demand-side management and education programs be implemented through the low income weatherization network and coordinated with all electric and gas distribution companies in the state, with the objective of standardizing implemenation.

$38.8Mprogram expense
02

The fuel assistance program provides low-income families with assistance to pay their heating fuel bills. This critical service service keeps thousands of families warm each winter, and staff are available to assist clients with the application process.

$1.4Mprogram expense
03

Housing

The housing program provides housing to people experiencing homelessness are believed to be housing ready and are provided with permanent housing immediately and with few to no preconditions, behavioral contingencies, or barriers. All participants housed through these housing programs must meet hud's definition of chronically homeless.

$1.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAction INC
EINHdr · item D04-2389332
Principal addressHdr · item CGloucester, MA
WebsiteHdr · item Jwww.actioninc.org
Year of formationHdr · item L1967
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P200)
Ruling yearIRS BMFJan 1969

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Elliott Jacobson
V.p. of Energy Services
$167,850Pt VII · Sec A
Peggy Hegarty-Steck
Executive Director
$166,352Pt VII · Sec A
Rita Carvalho
Energy Director
$109,893Pt VII · Sec A
Margaret Howard
Deputy Director
$108,176Pt VII · Sec A
$105,965Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Gavin Keenan
Director
$0Pt VII · Sec A

Peggy Hegarty-Steck’s $226K as Chief Executive Officer is at the 10th percentile of top reported officer pay among 249 $100M+ human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Peggy Hegarty-Steck$225,916$218,065$207,871$189,750$162,648$166,352
Elliott Jacobson$212,875$211,301$212,853$190,158$168,453$167,850
Jennifer Beloff$167,110$162,752$132,242$104,883——
Jillian Cluett$154,564$136,416————
Allison Lex$142,831$119,639$105,328———
Kenneth Kudym——$139,029———
Brian Beote$137,484$129,527————
Rita Carvalho———$129,772$112,803$109,893

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$44.8M · 96%
Contributions & grants$1.4M · 3%
Program service revenue96%$44.8M
Contributions & grants3%$1.4M
Investment income$101K
Other revenue$147K
Total revenueLn 12$46.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.03 Fundraising $0.00
Program services96%$44.9M
Management & general3%$1.6M
Fundraising$105K
Total functional expensesLn 25$46.5M

Balance Sheet

Part X · end of year
CashLn 1$9.3M
Total assetsLn 16$23.4M
Total liabilitiesLn 26$6.5M
Total net assetsLn 32$16.9M
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.3M · Operating expenses (Pt IX) $46.5M · Less non-cash grants $38K · Cash operating expenses/yr $46.5M
2.4 months
Where the money goes
Program services
Program services $44.9M · Total expenses $46.5M
96%
Management & General
Management & general $1.6M · Total expenses $46.5M
3%
Fundraising
Fundraising $105K · Total expenses $46.5M
0%
Cost to raise $1
Fundraising expense $105K · Solicited contributions $1.4M
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $46.5M
3%
Government reliance
Government grants — · Total revenue $46.5M
—
Earned-income share
Program service revenue $44.8M · Total revenue $46.5M
96%
Investment reliance
Investment income $101K · Total revenue $46.5M
0%
Program self-sufficiency
Program service revenue $44.8M · Total expenses $46.5M
96%
Growth & trend
Revenue growth (YoY)
This year $46.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $16.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $46.5M · Expenses $46.5M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $23.4M
—
Net-asset ratio
Net assets $16.9M · Total assets $23.4M
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $23.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elliott Jacobson · Reported title V.P. OF ENERGY SERVICES · Highest reported compensation $168K · Total expenses $46.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.8M · Total expenses $46.5M
10%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 3%——
Fundraising cost ratio 8%——
Legal fee ratio 0%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$24K
Donor Advised Charitable Giving INCFY2024$14K
National Philanthropic TrustFY2024$8K
Bruce J Anderson Foundation C/O Boston Foundation INCFY2024$8K
Essex County Community Fdn INCFY2024$6K
Total grants receivedfrom 5 funders$60K
See all 5 funders →

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The Mission INCOK
Action Zone INCFL
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$184.3M revenue · ⤓ 990 PDF
FY2023$111.1M revenue · ⤓ 990 PDF
FY2022$79.9M revenue · ⤓ 990 PDF
FY2021$61.7M revenue · ⤓ 990 PDF
FY2020$46.5M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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