Civic Intelligence

Weathervane Music Organization

990EZ • Fiscal year 2015 • EIN 27-4824232

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

2424 East York StreetPhiladelphia, PA 19125

(267) 235-2710

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

81st percentile

$15,550

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$68,781

No earlier filing loaded for comparison.

Net Assets

$65,370

No earlier filing loaded for comparison.

Liabilities

$3,411

No earlier filing loaded for comparison.

Revenue

$179,357

No earlier filing loaded for comparison.

Expenses

$153,581

No earlier filing loaded for comparison.

Net Income

$25,776

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0-$20KAssets 2015: $68,781Liabilities 2015: $3,411Net Assets 2015: $65,3702015Assets 2016: $77,021Liabilities 2016: $3,886Net Assets 2016: $73,1352016Assets 2017: $71,939Liabilities 2017: $1,952Net Assets 2017: $69,9872017Assets 2018: $37,557Liabilities 2018: $3,362Net Assets 2018: $34,1952018Assets 2019: $60,744Liabilities 2019: $5,364Net Assets 2019: $55,3802019Assets 2020: $14,431Liabilities 2020: $448Net Assets 2020: $13,9832020Assets 2021: $75,204Liabilities 2021: $3,094Net Assets 2021: $72,1102021Assets 2022: $26,609Net Assets 2022: $26,6092022Assets 2023: $23,406Liabilities 2023: $12,544Net Assets 2023: $10,8622023Assets 2024: $13,180Liabilities 2024: $14,959Net Assets 2024: -$1,7792024

Highlighted filing

2015

Assets$68,781
Liabilities$3,411
Net Assets$65,370

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2015: $179,357Expenses 2015: $153,581Net Income 2015: $25,7762015Revenue 2016: $174,500Expenses 2016: $166,735Net Income 2016: $7,7652016Revenue 2017: $161,988Expenses 2017: $165,136Net Income 2017: -$3,1482017Revenue 2018: $130,357Expenses 2018: $166,149Net Income 2018: -$35,7922018Revenue 2019: $203,576Expenses 2019: $182,391Net Income 2019: $21,1852019Revenue 2020: $144,753Expenses 2020: $186,150Net Income 2020: -$41,3972020Revenue 2021: $175,515Expenses 2021: $117,388Net Income 2021: $58,1272021Revenue 2022: $116,614Expenses 2022: $162,115Net Income 2022: -$45,5012022Revenue 2023: $116,180Expenses 2023: $131,927Net Income 2023: -$15,7472023Revenue 2024: $129,315Expenses 2024: $141,956Net Income 2024: -$12,6412024

Highlighted filing

2015

Revenue$179,357
Expenses$153,581
Net Income$25,776
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$179,357
Mission and Program Overview

Mission

To connect people through the practice of supporting, engaging with, and creating new music.

To advance independent music and the community that surrounds it.

Program Services

DescriptionGrantsExpenses
SHAKING THROUGH SEE SCHEDULE O FOR DESCRIPTION-$71,367
THE WEATHERVANE EDU PROGRAM SEE SCHEDULE O FOR DESCRIPTION-$34,831
RECORDING WORKSHOPS SEE SCHEDULE O FOR DESCRIPTION-$3,148
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRIAN MCTEARExec. Dir/Board PresidentFT$15,550-$15,550
WILLIAM ROBERTSONSecretary/Treasurer-$0--
KRISTIN THOMSONBoard Member-$0--
JASON SMITHBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Weathervane Music Organization
EIN
27-4824232
Phone
2672352710
Address
2424 EAST YORK STREET, PHILADELPHIA, PA 19125

Signing Officer

Name
Brian Mctear
Title
Executive Director
Phone
2672352710
Signed
2016-05-13

Preparer

Firm
Renzi Bernardi Suarez & Co
Address
587 Haddon Avenue, Collingswood, NJ 08108
Preparer
Edward a Suarez CPA Mba
Phone
8568587887
Supplemental Narrative

Additional Explanations

Pt III, Line 31

SHAKING THROUGH

Pt III, Line 31

Shaking through is a documentary recording series that pairs 6 to 8 emerging musical groups per year with professional producers and engineers, each to produce one original song in two days. 42 videos were produced for shaking through over the last year, capturing the writing and production of 7 new, original songs by 7 artists or musical groups that consist of 45 individual musicians. All raw audio files from shaking through recordings were shared with weathervane's 1,790 members in 2015, each of whom could make their own remixes of the recordings, and engage in lively conversation about their experience with other members of the community on episode webpages. Shaking through shares remarkable new artists' work, it educates the public, and allows them a unique chance to be part of the creative process. Every episode of shaking through includes an artist video, with artist interviews that allow them to share their story and experiences in the studio. In addition, a production video includes interviews with the professional producers that recorded the song, giving insight into the recording process for that song.

Pt III, Line 31

The weathervane edu program

Pt III, Line 31

In 2015, weathervane introduced a program to provide the remarkable raw audio from shaking through, along with other educational materials to institutions that teach audio recording. The goal of the edu program is for weathervane to take an active voice in how the recording arts and sciences are taught in the modern day. In addition, we hope to reach potential future members for weathervane among populations of students and academic instructors. In 2015, there were 337 student and instructor members from the 8 colleges, high schools, and social services programs that participated in the weathervane edu program's first year.

Pt III, Line 31

RECORDING WORKSHOPS

Pt III, Line 31

Over the past two years, weathervane produced 10 recording workshops for philadelphia music fans, musicians, and home recording enthusiasts at miner street recordings, the studio where shaking through is produced. These workshops taught basic recording concepts and techniques, and gave hands-on studio experience for as many as 15 students per workshop, as well as thousands of viewers who attended online for free.

Form 990EZ, Part I, Line 16

Advertising 4001. Bank fees 1689. Catering and hospitality 1604. Dues and subscriptions 608. Equipment rental 1245. Information technology 11260. Insurance 1601. Office expense 1393. Recording and broadcast 27059. Supplies 3135. Travel 505. Depreciation 5357.

Form 990EZ, Part II, Line 24

Furniture and fixtures 9748. 17891.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHAKING THROUGH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHAKING THROUGH IS A DOCUMENTARY RECORDING SERIES THAT PAIRS 6 TO 8 EMERGING MUSICAL GROUPS PER YEAR WITH PROFESSIONAL PRODUCERS AND ENGINEERS, EACH TO PRODUCE ONE ORIGINAL SONG IN TWO DAYS. 42 VIDEOS WERE PRODUCED FOR SHAKING THROUGH OVER THE LAST YEAR, CAPTURING THE WRITING AND PRODUCTION OF 7 NEW, ORIGINAL SONGS BY 7 ARTISTS OR MUSICAL GROUPS THAT CONSIST OF 45 INDIVIDUAL MUSICIANS. ALL RAW AUDIO FILES FROM SHAKING THROUGH RECORDINGS WERE SHARED WITH WEATHERVANE'S 1,790 MEMBERS IN 2015, EACH OF WHOM COULD MAKE THEIR OWN REMIXES OF THE RECORDINGS, AND ENGAGE IN LIVELY CONVERSATION ABOUT THEIR EXPERIENCE WITH OTHER MEMBERS OF THE COMMUNITY ON EPISODE WEBPAGES. SHAKING THROUGH SHARES REMARKABLE NEW ARTISTS' WORK, IT EDUCATES THE PUBLIC, AND ALLOWS THEM A UNIQUE CHANCE TO BE PART OF THE CREATIVE PROCESS. EVERY EPISODE OF SHAKING THROUGH INCLUDES AN ARTIST VIDEO, WITH ARTIST INTERVIEWS THAT ALLOW THEM TO SHARE THEIR STORY AND EXPERIENCES IN THE STUDIO. IN ADDITION, A PRODUCTION VIDEO INCLUDES INTERVIEWS WITH THE PROFESSIONAL PRODUCERS THAT RECORDED THE SONG, GIVING INSIGHT INTO THE RECORDING PROCESS FOR THAT SONG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE WEATHERVANE EDU PROGRAM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN 2015, WEATHERVANE INTRODUCED A PROGRAM TO PROVIDE THE REMARKABLE RAW AUDIO FROM SHAKING THROUGH, ALONG WITH OTHER EDUCATIONAL MATERIALS TO INSTITUTIONS THAT TEACH AUDIO RECORDING. THE GOAL OF THE EDU PROGRAM IS FOR WEATHERVANE TO TAKE AN ACTIVE VOICE IN HOW THE RECORDING ARTS AND SCIENCES ARE TAUGHT IN THE MODERN DAY. IN ADDITION, WE HOPE TO REACH POTENTIAL FUTURE MEMBERS FOR WEATHERVANE AMONG POPULATIONS OF STUDENTS AND ACADEMIC INSTRUCTORS. IN 2015, THERE WERE 337 STUDENT AND INSTRUCTOR MEMBERS FROM THE 8 COLLEGES, HIGH SCHOOLS, AND SOCIAL SERVICES PROGRAMS THAT PARTICIPATED IN THE WEATHERVANE EDU PROGRAM'S FIRST YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RECORDING WORKSHOPS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OVER THE PAST TWO YEARS, WEATHERVANE PRODUCED 10 RECORDING WORKSHOPS FOR PHILADELPHIA MUSIC FANS, MUSICIANS, AND HOME RECORDING ENTHUSIASTS AT MINER STREET RECORDINGS, THE STUDIO WHERE SHAKING THROUGH IS PRODUCED. THESE WORKSHOPS TAUGHT BASIC RECORDING CONCEPTS AND TECHNIQUES, AND GAVE HANDS-ON STUDIO EXPERIENCE FOR AS MANY AS 15 STUDENTS PER WORKSHOP, AS WELL AS THOUSANDS OF VIEWERS WHO ATTENDED ONLINE FOR FREE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADVERTISING 4001. BANK FEES 1689. CATERING AND HOSPITALITY 1604. DUES AND SUBSCRIPTIONS 608. EQUIPMENT RENTAL 1245. INFORMATION TECHNOLOGY 11260. INSURANCE 1601. OFFICE EXPENSE 1393. RECORDING AND BROADCAST 27059. SUPPLIES 3135. TRAVEL 505. DEPRECIATION 5357.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FURNITURE AND FIXTURES 9748. 17891.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 31
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part II, Line 24
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN MCTEAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02672352710
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEATHERVANE MUSIC ORGANIZATION
ReturnHeader/Filer/BusinessNameControlTxt0WEAT
ReturnHeader/Filer/EIN0274824232
ReturnHeader/Filer/PhoneNum02672352710
ReturnHeader/Filer/USAddress/AddressLine1Txt02424 EAST YORK STREET
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019125
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Renzi Bernardi Suarez & Co
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0587 Haddon Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Collingswood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008108
ReturnHeader/PreparerPersonGrp/PhoneNum08568587887
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD A SUAREZ CPA MBA
ReturnHeader/ReturnTs02016-05-13T09:10:44-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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