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Nonprofit · EIN 88-2367192

MARBLEHEAD NEWS GROUP INC

Tax-exempt · MARBLEHEAD, MA 01945

Financials

$344K$388K2023$387K$398K2024
Revenue Expenses · by fiscal year end
Financials of MARBLEHEAD NEWS GROUP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$386,543$398,126-$11,583$56,061$34,394$21,667
December 31, 2023990$344,495$388,299-$43,804$53,940$20,710$33,230
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$381,707
Program service revenue
$4,835
Investment income
$1
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$142,263
Salaries, compensation and benefits (total)
$159,211
Professional fundraising fees
$0
Travel
$1,690
Program services (functional)
$322,302
Management and general (functional)
$61,956
Fundraising (functional)
$13,868

Balance sheet and other

Total assets, start of year
$53,078
Total assets, end of year
$56,061
Total liabilities, end of year
$34,394
Net assets, end of year
$21,667
Net assets without donor restrictions
$21,667
Gross receipts
$386,543
Employees
0
Year formed
2022
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
GENE ARNOULDDirector
Trustee or director
0$0
ROBERT PECKPresident
Trustee or director
0$0
BRIAN BIRKESecretary
Trustee or director
0$0
RICK WEEDTreasurer
Trustee or director
0$0
CHERYL BYRNEDirector
Trustee or director
0$0
DONNA RICEDirector
Trustee or director
0$0
DAVID VIGNERONDirector
Trustee or director
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DONNA RICEADVERTISING SAL
Trustee or director
0$0
BRIAN BIRKESecretary
Trustee or director
0$0
CHERYL BOLIN BYRNEDirector
Trustee or director
0$0
DAVID VIGNERONDirector
Trustee or director
0$0
VIRGINIA BUCKINGHAMPresident
Officer
0$0
ROBERT PECKCO-CHAIR
Officer
0$0
RICK WEEDTreasurer
Officer
0$0

Address and contacts

Address (IRS master file)
217 HUMPHREY ST, MARBLEHEAD, MA 01945-1620
In care of
% JESSICA BARNETT
Mailing address (990-N for 2022)
217 Humphrey Street, Marblehead MA 01945
Principal officer (990 for 2024)
RICK WEED, 217 HUMPREY STREET, MARBLEHEAD, MA 01945
Principal officer (990-N for 2022)
Virginia Buckingham, 3 Orchard Street, Marblehead MA 01945
Signed the 990
RICK WEED, Treasurer
Return prepared by
Anthony P Carnevale CPA

Mission

TO OPERATE A COMMUNITY BASED NEWSPAPER.

990 for the year ended December 31, 2024

Program accomplishments

  • TO OPERATE A COMMUNITY BASED NEWSPAPER FOR THE TOWN OF MARBLEHEAD AND ADJACENT AREAS.
    Expenses $322,302

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-2367192
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$56,061
Income (IRS master file)
$386,543

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$386,543$398,126$56,061XML
990December 2023$344,495$388,299$53,940IRS
990-N for 2022
Officer: Virginia Buckingham
December 31, 2022≤ $50,000 receipts––e-Postcard
990-EZDecember 2022–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-2367192).

Questions about MARBLEHEAD NEWS GROUP INC

What is the EIN of MARBLEHEAD NEWS GROUP INC?
The employer identification number (EIN) of MARBLEHEAD NEWS GROUP INC is 88-2367192.
Is MARBLEHEAD NEWS GROUP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MARBLEHEAD NEWS GROUP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MARBLEHEAD NEWS GROUP INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MARBLEHEAD NEWS GROUP INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MARBLEHEAD NEWS GROUP INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MARBLEHEAD NEWS GROUP INC?
The 990 for the year ended December 31, 2024 names RICK WEED.
Who are the officers and directors of MARBLEHEAD NEWS GROUP INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does MARBLEHEAD NEWS GROUP INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $386,543, expenses of $398,126 and total assets of $56,061 at year end.

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