Civic Intelligence

Marblehead News Group Inc

EIN 88-2367192 • 501(c)3 • Marblehead, MA

Profile

To operate a community based newspaper.

217 Humprey StreetMarblehead, MA 01945

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.61x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

39th percentile

-3.0%

Higher net margin than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

61st percentile

3.9%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

12%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$56,061

Up $2,121 (+3.9%) from 2023

Liabilities

Up

$34,394

Up $13,684 (+66%) from 2023

Net Assets

Down

$21,667

Down $11,563 (-35%) from 2023

Operations
Liabilities / Revenue81st percentileNet Margin39th percentile

Revenue

Up

$386,543

Up $42,048 (+12%) from 2023

Expenses

Up

$398,126

Up $9,827 (+2.5%) from 2023

Net Income

Up

-$11,583

Up $32,221 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2022: $92,386Liabilities 2022: $15,352Net Assets 2022: $77,0342022Assets 2023: $53,940Liabilities 2023: $20,710Net Assets 2023: $33,2302023Assets 2024: $56,061Liabilities 2024: $34,394Net Assets 2024: $21,6672024

Highlighted filing

2024

Assets$56,061
Liabilities$34,394
Net Assets$21,667
Open 2024 Filing

Operations Trend

Revenue Growth66th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2022: $153,348Expenses 2022: $76,314Net Income 2022: $77,0342022Revenue 2023: $344,495Expenses 2023: $388,299Net Income 2023: -$43,8042023Revenue 2024: $386,543Expenses 2024: $398,126Net Income 2024: -$11,5832024

Highlighted filing

2024

Revenue$386,543
Expenses$398,126
Net Income-$11,583
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,061
Liabilities
$34,394
Net assets
$21,667
Revenue
$386,543
Expenses
$398,126
Net income
-$11,583
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.56$0.34$0.22$3.87$3.98$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.21$0.33$3.44$3.88$0.44
2022Detailed filing. Detailed filing data is available for this year.$0.92$0.15$0.77$1.53$0.76$0.77
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$386,543
Mission and Program Overview

Mission

To operate a community based newspaper.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,227$29,237▼ $5,990
Accounts Receivable$17,851$26,822▲ $8,971
Loans From Officers Directors-$10,000-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$53,078$56,061▲ $2,983
Other Assets Total-$2-
Liabilities
Accounts Payable and Accrued Expenses$25,348$24,394▼ $954
Other Liabilities$200--
Total Liabilities$25,548$34,394▲ $8,846
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,530$21,667▼ $5,863
Total Net Assets Fund Balance$27,530$21,667▼ $5,863
Total Liabilities and Net Assets / Fund Balance$53,078$56,061▲ $2,983
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Robert PeckPresident
Cheryl ByrneDirector
David VigneronDirector
Donna RiceDirector
Gene ArnouldDirector
Brian BirkeSecretary
Rick WeedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$381,707
Program Service Revenue
$4,835
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-11,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$238,915
Salaries, Compensation, and Employee Benefits$159,211
Total Fundraising Expense$13,868
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,695$53,135$7,433$142,263
Payroll Taxes$16,948--$16,948
Office Expenses-$5,241-$5,241
Other Expenses$3,209-$6,435$3,209
Insurance-$2,540-$2,540
Travel$1,690--$1,690
All Other Expenses$185$1,040-$1,225
Total Functional Expenses$322,302$61,956$13,868$398,126
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$10,000-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Marblehead News Group Inc
EIN
88-2367192
Address
217 HUMPREY STREET, MARBLEHEAD, MA 01945

Signing Officer

Name
Rick Weed
Title
Treasurer
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Weed
Formed
2022
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
0
Employees
0

Preparer

Firm
Anthony P Carnevale CPA
Address
15 Front Street, SALEM, MA 01970
Preparer
Anthony P Carnevale CPA
Phone
9787443050
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“PY ADJUSTMENT = $5720”

Raw XML Appendix374 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.

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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt053078
IRS990/TotalAssetsEOYAmt056061
IRS990/TotalAssetsGrp/BOYAmt053078
IRS990/TotalAssetsGrp/EOYAmt056061
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0381707
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013868
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061956
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0322302
IRS990/TotalFunctionalExpensesGrp/TotalAmt0398126
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025548
IRS990/TotalLiabilitiesEOYAmt034394
IRS990/TotalLiabilitiesGrp/BOYAmt025548
IRS990/TotalLiabilitiesGrp/EOYAmt034394
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt027530
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021667
IRS990/TotalProgramServiceExpensesAmt0322302
IRS990/TotalProgramServiceRevenueAmt04835
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04836
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0386543
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt053078
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056061
IRS990/TravelGrp/ProgramServicesAmt01690
IRS990/TravelGrp/TotalAmt01690
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0217 HUMPREY STREET
IRS990/USAddress/CityNm0MARBLEHEAD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001945
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK WEED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARBLEHEAD NEWS GROUP INC
ReturnHeader/Filer/BusinessNameControlTxt0MARB
ReturnHeader/Filer/EIN0882367192
ReturnHeader/Filer/USAddress/AddressLine1Txt0217 HUMPREY STREET
ReturnHeader/Filer/USAddress/CityNm0MARBLEHEAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001945
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042964250
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Anthony P Carnevale CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015 Front Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001970
ReturnHeader/PreparerPersonGrp/PhoneNum09787443050
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY P CARNEVALE CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-17T11:13:31-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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