Weema International Inc
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Acton, MA
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 45-2947589
Organization Overview
Weema International Inc is located in Acton, MA. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Weema International Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weema International Inc 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 12/2022, Weema International Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER ETHIOPIAN COMMUNITIES THROUGH CLEAN WATER ACCESS, EDUCATION, ECONOMIC OPPORTUNITY AND HEALTH CARE - ALL DRIVEN BY LOCAL LEADERSHIP AND COMMUNITY COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EMPOWER ETHIOPIAN COMMUNITIES THROUGH CLEAN WATER ACCESS, EDUCATION, ECONOMIC OPPORTUNITY AND HEALTH CARE - ALL DRIVEN BY LOCAL LEADERSHIP AND COMMUNITY COLLABORATION.THE ORGANIZATION'S MAIN PROGRAMS ARE:1. CLEAN WATER ACCESS2. EDUCATION3. ECONOMIC EMPOWERMENT4. MEDICAL/HEALTHCARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Mcgovern President And Executive Director | OfficerTrustee | 40 | $0 |
Denise Faneuff Treasurer | OfficerTrustee | 5 | $0 |
Phillip Mason Clerk | OfficerTrustee | 5 | $0 |
Habtamu Lamore Director | Trustee | 5 | $0 |
Corey Van Hova Director | Trustee | 5 | $0 |
Frehiwot Samuel Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,463,095 |
| Noncash contributions included in lines 1a–1f | $15,880 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,463,095 |
| Total Program Service Revenue | $0 |
| Investment income | $11,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,124 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,533,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,567 |
| Compensation of current officers, directors, key employees. | $51,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,342 |
| Payroll taxes | $19,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,795 |
| Fees for services: Accounting | $10,166 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $381,270 |
| Advertising and promotion | $0 |
| Office expenses | $17,437 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,479 |
| Travel | $86,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,648 |
| Insurance | $20,050 |
| All other expenses | $139,717 |
| Total functional expenses | $1,432,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,029 |
| Savings and temporary cash investments | $1,183,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,443 |
| Net Land, buildings, and equipment | $120,939 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,419 |
| Total assets | $1,647,276 |
| Accounts payable and accrued expenses | $88,946 |
| Grants payable | $0 |
| Deferred revenue | $22,049 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,034 |
| Total liabilities | $171,029 |
| Net assets without donor restrictions | $1,476,247 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,647,276 |