Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Weitzman Initiative for the Arts
EIN 83-0945073 • 501(c)3 • Needham, MA
Profile
Weitzman initiative for the arts and industry, inc. Is a nonprofit organization whose planned principal operations are to develop and support local initiatives for the arts, education and culture in haverhill, massachusetts.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
3.09x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
83rd percentile
Higher net margin than 83% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Up$959
Up $862 (+889%) from 2021
Liabilities
Up$2,960
Up $215 (+7.8%) from 2021
Net Assets
-$2,001
No earlier filing loaded for comparison.
Revenue
Up$1,950
Up $1,950 from 2021
Expenses
Down$1,303
Down $552 (-30%) from 2021
Net Income
Up$647
Up $2,502 (+135%) from 2021
Trend Graphs
Filings
Most recent year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $959
- Liabilities
- $2,960
- Net assets
- -$2,001
- Revenue
- $1,950
- Expenses
- $1,303
- Net income
- $647
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- May 20, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $1,950
Mission and Program Overview
Mission
Weitzman initiative for the arts and industry, inc. Is a nonprofit organization whose planned principal operations are to develop and support local initiatives for the arts, education and culture in haverhill, massachusetts.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| WEITZMAN INITIATIVE FOR THE ARTS AND INDUSTRY, INC. IS A NONPROFIT ORGANIZATION WHOSE PLANNED PRINCIPAL OPERATIONS ARE TO DEVELOP AND SUPPORT LOCAL INITIATIVES FOR THE ARTS, EDUCATION AND CULTURE IN HAVERHILL, MASSACHUSETTS. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MICHAEL DROSSOS | Found, Treas | PT | $0 | - | - |
| FRANCIS BEVILACQUA | President | PT | $0 | - | - |
| SARAH LOVESCO | Director | - | $0 | - | - |
| MATT JUROS | Member | - | $0 | - | - |
| PENELOPE GUERRO-PEREZ | Vice Preside | - | $0 | - | - |
| BENJAMIN CONSOLI | Member | - | $0 | - | - |
| NOAH KORETZ | Advisor | - | $0 | - | - |
| ANDREW HERLIHY | Ex-Officio | - | $0 | - | - |
| PAUL MAGLIOCCHETTI | Member | - | $0 | - | - |
| KAT EVERETT | Member | - | $0 | - | - |
| JOE LEBLANC | Member | - | $0 | - | - |
| E PHILIP BROWN | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Weitzman Initiative for the Arts
- EIN
- 83-0945073
- Phone
- 6177593101
- Address
- 300 2ND AVENUE SUITE 3120, NEEDHAM, MA 02494
Signing Officer
- Name
- Francis Bevilacqua
- Title
- President
- Phone
- 6177593101
- Signed
- 2023-05-20
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Blinn Farrell & Company Cpas
- Address
- 60 BAILEY BOULEVARD, HAVERHILL, MA 01830
- Preparer
- Nelson D Blinn CPA
- Phone
- 9783728518
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses interest 114 filing fees 89 total 203”
Form 990-ez, Part II, Line 24
“Grants receivable 0 700 total 0 700”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 2,745 2,960”
Form 990-ez, Part III
“Weitzman initiative for the arts and industry, inc. Is a nonprofit organization whose planned principal operations are to develop and support local initiatives for the arts, education and culture in haverhill, massachusetts.”
Form 990-ez, Part III, Line 28
“Weitzman initiative for the arts and industry, inc. Is a nonprofit organization whose planned principal operations are to develop and support local initiatives for the arts, education and culture in haverhill, massachusetts.”
Raw XML Appendix167 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MICHAEL DROSSOS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6177593101 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 300 2ND AVENUE SUITE 3120 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | NEEDHAM |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02494 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 97 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 259 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 1950 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 647 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1100 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 97 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 959 |
| IRS990EZ/GrossReceiptsAmt | 0 | 1950 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -2648 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -2001 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -2648 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -2001 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 9 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 10 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 11 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 9 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 10 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 11 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MICHAEL DROSSOS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | FRANCIS BEVILACQUA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SARAH LOVESCO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MATT JUROS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | PENELOPE GUERRO-PEREZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | BENJAMIN CONSOLI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | NOAH KORETZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | ANDREW HERLIHY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | PAUL MAGLIOCCHETTI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | KAT EVERETT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 10 | JOE LEBLANC |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 11 | E PHILIP BROWN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | FOUND, TREAS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | ADVISOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | EX-OFFICIO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 9 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 10 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 11 | MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 700 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 203 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | WEITZMAN INITIATIVE FOR THE ARTS AND INDUSTRY, INC. IS A NONPROFIT ORGANIZATION WHOSE PLANNED PRINCIPAL OPERATIONS ARE TO DEVELOP AND SUPPORT LOCAL INITIATIVES FOR THE ARTS, EDUCATION AND CULTURE IN HAVERHILL, MASSACHUSETTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | WEITZMAN INITIATIVE FOR THE ARTS AND INDUSTRY, INC. IS A NONPROFIT ORGANIZATION WHOSE PLANNED PRINCIPAL OPERATIONS ARE TO DEVELOP AND SUPPORT LOCAL INITIATIVES FOR THE ARTS, EDUCATION AND CULTURE IN HAVERHILL, MASSACHUSETTS. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 2745 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2960 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 1303 |
| IRS990EZ/TotalRevenueAmt | 0 | 1950 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 1950 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 399373 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 401323 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 14 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 18 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 4 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 14 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 18 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 401323 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 1950 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 399373 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 401323 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 1950 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 4 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 399387 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 401341 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES INTEREST 114 FILING FEES 89 TOTAL 203 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | GRANTS RECEIVABLE 0 700 TOTAL 0 700 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,745 2,960 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | WEITZMAN INITIATIVE FOR THE ARTS AND INDUSTRY, INC. IS A NONPROFIT ORGANIZATION WHOSE PLANNED PRINCIPAL OPERATIONS ARE TO DEVELOP AND SUPPORT LOCAL INITIATIVES FOR THE ARTS, EDUCATION AND CULTURE IN HAVERHILL, MASSACHUSETTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | WEITZMAN INITIATIVE FOR THE ARTS AND INDUSTRY, INC. IS A NONPROFIT ORGANIZATION WHOSE PLANNED PRINCIPAL OPERATIONS ARE TO DEVELOP AND SUPPORT LOCAL INITIATIVES FOR THE ARTS, EDUCATION AND CULTURE IN HAVERHILL, MASSACHUSETTS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | FRANCIS BEVILACQUA |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6177593101 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-05-20 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WEITZMAN INITIATIVE FOR THE ARTS |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | AND INDUSTRY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WEIT |
| ReturnHeader/Filer/EIN | 0 | 830945073 |
| ReturnHeader/Filer/PhoneNum | 0 | 6177593101 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 300 2ND AVENUE SUITE 3120 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEEDHAM |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02494 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 042945563 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BLINN FARRELL & COMPANY CPAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 60 BAILEY BOULEVARD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HAVERHILL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 01830 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9783728518 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-05-20 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | NELSON D BLINN CPA |
| ReturnHeader/ReturnTs | 0 | 2023-06-27T12:01:16-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | FRANCIS |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | BEVILACQUA |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
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