Weathervane Music Organization
- Assets
- $26.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Philadelphia, PA
- Founding
- 11/2013
- Data as of
- 06/2022
- EIN
- 27-4824232
Organization Overview
Weathervane Music Organization is located in Philadelphia, PA. The organization was established in 2013. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Weathervane Music Organization employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weathervane Music Organization is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Weathervane Music Organization generated $116.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $162.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT PEOPLE THROUGH THE PRACTICE OF SUPPORTING, ENGAGING WITH, AND CREATING NEW MUSIC.
Describe the Organization's Program Activity:
Part 3
SHAKING THROUGH SEE SCHEDULE O FOR DESCRIPTION.
THE WEATHERVANE EDU PROGRAM SEE SCHEDULE O FOR DESCRIPTION.
RECORDING WORKSHOPS SEE SCHEDULE O FOR DESCRIPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Mctear Exec. Dir/board President | 40 | $28,450 | |
William Robertson Secretary | 0.5 | $0 | |
Kristin Thomson Board Member | 0.5 | $0 | |
Jason Smith Board Member | 2.5 | $0 | |
Matt Ramer Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,666 |
| Total Program Service Revenue | $41,829 |
| Membership dues | $15,119 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,614 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $110,042 |
| Professional fees and other payments to independent contractors | $13,512 |
| Occupancy, rent, utilities, and maintenance | $4,200 |
| Printing, publications, postage, and shipping | $102 |
| Other expenses | $34,259 |
| Total expenses | $162,115 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,028 |
| Other assets | $0 |
| Total assets | $26,609 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,609 |