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5g Action Now INC FY2020 filing

Beverly, MAUnknown exempt organization EIN 84-4242289Revenue $3.6M in FY2020

On file with the IRS5gactionnow.com138 Conant St Ste 201 · Beverly, MA

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5g Action Now was formed to educate americans regarding american national security and the economic benefits of winning the 5g innovation and deployment race against china. 5g Action Now advocated for 5g innovation in america and supported the goal of a 2020 c-band auction.

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
Spent
$3.5M
To programs
84%
Net assets
$105K
By yearFY2020–FY2023
Revenue
$3.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.6M
FY2021$200K
FY2022$0
FY2023$0
Net assets
$105K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$105K
FY2021$98K
FY2022$21K
FY2023$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $3.0M Management & general 16% · $566K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Patrick Sweeney
President and Secretary/Board Member
$0Pt VII · Sec A
Robert Jones
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Charles Gantt
Treasurer
$0Pt VII · Sec A
See 5g Action Now INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates Americans on 5G's national security and economic benefits, advocating for US innovation.

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Provided by the organization

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1 program · $3.0M · in their own filed words · FY2020
01

5g action now conducted independent RESEARCH/POLLING and analysis on public policy issues around 5g which was used to elevate the conversation regarding american national security and the economic benefits of winning the 5g innovation and deployment battle against china.

$3.0Mprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.6M
Money outPt IX
$3.5M
Ln 25
Programscol B$3.0M
Managementcol C$566K
Owns and owesPt X
$105K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$110K
LiabilitiesLn 26$5K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$110K
Cash and savings togetherLn 1–2$110K
Total assetsLn 16$110K
LiabilitiesLn 26$5K
Net assetsLn 32$105K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$0$110K
Total assetsLn 16$0$110K
LiabilitiesLn 26$0$5K
Net assetsLn 32$0$105K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$51K$51K
Lobbying feesLn 11d$190K$190K
Other fees for servicesLn 11g$2.8M$2.4M$435K
Advertising and promotionLn 12$101K$85K$16K
Other expenses (24a–d)Ln 24$372K$310K$62K
All other expensesLn 24e$40K$38K$2K
Total functional expensesLn 25$3.5M$3.0M$566K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0$0 990 PDF
FY2022 $0$21K 990 PDF
FY2021 $200K$98K 990 PDF
FY2020 Viewing $3.6M$3.5M$105K$105K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,650,000 revenue, 12 lines filed
I-8 Contributions and grants$3,650,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$3,650,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$3,545,299
I-18 Total expenses$3,545,299
I-19 Revenue less expenses$104,701
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,650,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$3,650,000
VIII-1h Total contributions, gifts and grants$3,650,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,650,000
Part IX · Statement of functional expenses $3,545,299 across 6 lines filed
IX-11b Legal feesManagement $50,592$50,592
IX-11d Lobbying feesPrograms $190,000$190,000
IX-11g Other fees for servicesPrograms $2,356,750 · Management $435,000$2,791,750
IX-12 Advertising and promotionPrograms $84,876 · Management $16,136$101,012
IX-24 Other expenses (24a–d)Programs $310,000 · Management $62,335$372,335
IX-24e All other expensesPrograms $37,600 · Management $2,010$39,610
IX-25 Total functional expensesPrograms $2,979,226 · Management $566,073 · Fundraising $0$3,545,299
Part X · Balance sheet $109,701 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $0$109,701
X-16 Total assetsStart of year $0$109,701
X-17 Accounts payable and accrued expensesStart of year $0$5,000
X-26 Total liabilitiesStart of year $0$5,000
X-32 Total net assets or fund balancesStart of year $0$104,701
X-33 Total liabilities and net assetsStart of year $0$109,701
Part XI · Reconciliation of net assets $104,701 net assets at year end
XI-1 Total revenue$3,650,000
XI-2 Total expenses$3,545,299
XI-3 Revenue less expenses$104,701
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$104,701

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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